Highlights
- Phoenix Jewish Free Loan Assn reported $646,380 in revenue for TY2024, a 36% jump from $473,598 in TY2023.
- Total assets reached $3,627,260 in TY2024, up from $3,510,961 the prior year, per IRS Form 990 data.
- Officer compensation was $0 in both TY2024 and TY2023, after $85,000 was paid in TY2022.
- Executive Director Ellen Friedman Sacks and Board President Carole Zeichick lead the organization from 12701 N Scottsdale Rd.
Phoenix Jewish Free Loan Association, the Scottsdale nonprofit that extends interest-free loans for rent, utilities, student debt, and adoption expenses, reported $646,380 in revenue for tax year 2024, a 36% increase over the $473,598 it recorded in TY2023, according to IRS Form 990 data published by ProPublica Nonprofit Explorer.
Expenses for TY2024 came in at $593,007, leaving the organization with a surplus for the year. Total net assets rose to $3,627,260, up from $3,510,961 at the close of TY2023. The TY2024 filing was submitted in 2025.
The revenue rebound follows a down year: TY2023 revenue of $473,598 fell well short of the $789,077 the organization recorded in TY2022, a swing of more than 40%. The three-year arc shows a volatile fundraising environment for a lender whose capital base depends entirely on donations and grants rather than interest income.
Officer compensation was reported as $0 in both TY2024 and TY2023. In TY2022, the organization paid $85,000 in officer compensation. The shift to zero pay for leadership in the two most recent years is notable given that the organization's assets have held above $3.5 million across all three periods.
The association operates out of 12701 N Scottsdale Rd, Suite 206, Scottsdale, AZ 85254, with Executive Director Ellen Friedman Sacks and Board President Carole Zeichick listed as principals. Charity Navigator notes the organization does not have financial statements compiled or audited by an independent accountant, though it does maintain a records retention policy.
The full TY2024 Form 990 is available through the ProPublica Nonprofit Explorer.
Sources
Every factual claim in this article traces to one of the sources below. See how we work for the editorial process.
- ProPublica Nonprofit Explorer retrieved 05/06/2026 03:06
- guidestar.org retrieved 05/06/2026 03:06
- charitynavigator.org retrieved 05/06/2026 03:06
Authored by The Scottsdale Signal. Drafted by AI from primary-source material under our beat-specific editorial guides; reviewed by humans before publish under our five-gate process. Sources retrieved at 05/06/2026 03:06. Every claim traces to a source.
