Gemilas Chesed INC EIN 13-3570894

Gemilas Chesed INC

EIN  13-3570894 Public foundation / grantmaker Monsey, NY Founded 1996
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Offers interest-free loans and direct aid to local families and charities facing crises.
Leadership
Leon E Goldfischer · President
Money in and out
$127K revenue, $103K expenses
Bottom line
98% program efficiency

Offers interest-free loans and direct aid to local families and charities facing crises. For fiscal year 2025 it reported $127K in revenue, $103K in expenses, and $1.3M in net assets.Pt I

Grants paid & assets · FY2025
Total revenue
$127K
Pt VIII · Ln 12
Total expenses
$103K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $25K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02
Program efficiency
98%
of spending reaches programs▲ +2% vs prior filing year
Operating runway
90.3mo
months of highly liquid reserves at operating expense rate▼ -47% vs prior filing year
Surplus margin
+19%
revenue over expenses, this year▼ -32% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$127K
FY2025▲ +61%
Expenses
$103K
FY2025▲ +82%
Total assets
$1.4M
FY2025▲ +2%
Total liabilities
$112K
FY20250%
Total revenue
$127K
Pt VIII · Ln 12
Total expenses
$103K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$25K
Total assetsPt X · Ln 16$1.4M
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 32
Independent voting membersPt I · Ln 42
Mission & Programs · Part III

Where the work happens

1 program service account for $101K of program spending, described in the organization's own filed words · FY2025.
01

Various grants and interest free loans in accordance with organization function

$101Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGemilas Chesed INC
EINHdr · item D13-3570894
Principal addressHdr · item CMonsey, NY
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1996
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T700)
Ruling yearIRS BMFAug 1996

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a2
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$88K · 69%
Investment income$40K · 31%
Contributions & grants69%$88K
Investment income31%$40K
Total revenueLn 12$127K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$101K
Management & general2%$2K
Total functional expensesLn 25$103K

Balance Sheet

Part X · end of year
CashLn 1$774K
Total assetsLn 16$1.4M
Total liabilitiesLn 26$112K
Total net assetsLn 32$1.3M
Months of cash on handcomputed90.3

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $774K · Operating expenses/yr $103K
90.3 months
Where the money goes
Program services
Program services $101K · Total expenses $103K
98%
Management & General
Management & general $2K · Total expenses $103K
2%
Fundraising
Fundraising $0 · Total expenses $103K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $60K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $88K · Total revenue $127K
69%
Government reliance
Government grants — · Total revenue $127K
Earned-income share
Program service revenue $0 · Total revenue $127K
0%
Investment reliance
Investment income $40K · Total revenue $127K
+31%
Program self-sufficiency
Program service revenue $0 · Total expenses $103K
0%
Growth & trend
Revenue growth (YoY)
This year $127K · Prior year $79K
+61%
Revenue CAGR
FY2020 $92K · FY2025 $127K
+7%
Net-asset trend (YoY)
End of year $1.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $127K · Expenses $103K
+19%
Liabilities-to-Assets
Total liabilities — · Total assets $1.4M
Net-asset ratio
Net assets $1.3M · Total assets $1.4M
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.4M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Leon E Goldfischer · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $103K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $103K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 2%
Revenue growth 61%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$25K
Grants paid · 8 grants · $269K · 2020–2025
VariousFY2025$101,300
Unitemized GrantFY2025$20,550
VariousFY2024$54,890
Unitemized GrantFY2024$15,540
Unitemized GrantFY2023$11,250
Unitemized GrantFY2022$14,700
Unitemized GrantFY2021$24,150
Unitemized GrantFY2020$26,986

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$127K revenue · viewing · ⤓ 990 PDF
FY2024$79K revenue · ⤓ 990 PDF
FY2023$67K revenue · ⤓ 990 PDF
FY2022$52K revenue · ⤓ 990 PDF
FY2021$63K revenue · ⤓ 990 PDF
FY2020$92K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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