NonprofitsNew Hope Community Capital Inc

Housing & Shelter

New Hope Community Capital Inc

BOSTON, MA

Total revenue

$38.9M

Total expenses

$38.2M

Net assets

$11.1M

Grants received

$800K

3 grants

EIN

043292614

Tax year

2024

Mission

The primary purpose of the corporation is to promote community development by directing its activities toward improving the social and economic conditions of underserved people, including residents of economically distressed communities, low-income persons and other underserved persons who lack adequate access to capital and financial services.

Financials

FY 2024

Revenue

Contributions & grants$19.5M
Program service revenue$3.3M
Investment income$15.8M
Other revenue$223K
Total revenue$38.9M

Expenses

Grants paid$34.4M
Salaries & benefits
Fundraising
Other expenses$3.8M
Total expenses$38.2M
Total assets$75.6M
Net assets$11.1M

People

8 listed

NameRoleCompensation

ALLEN FELIZ

DIRECTOR

Board

0.2 hrs/wk

BEVERLY BATES

DIRECTOR

Board

0.2 hrs/wk

JENNY NETZER

DIRECTOR/PRESIDENT

Board

0.2 hrs/wk

LEONARD CLARK

DIRECTOR/TREASURER

Board

0.2 hrs/wk

MICHAEL GILLIGAN

DIRECTOR

Board

0.2 hrs/wk

NAVJEET BAL

OUTGOING DIRECTOR (THRU 9/2024)

Board

0.2 hrs/wk

JESSICA JESSE ELTON

VICE PRESIDENT

Board

0.2 hrs/wk

THOMAS BUONOPANE

VICE PRESIDENT

Board

0.2 hrs/wk

Independent contractors

THE COMMUNITY BUILDERS INC

ACCOUNTING AND CONSULTING

$656K

Grants received

Showing 3 of 3

FromAmountPurposeYear
$500K
PROVIDE CAPITAL FOR AFFORDABLE AND MIXED INCOME HOUSING AND RELATED COMMUNITY DEVELOPMENT ACTIVITIES THROUGH LOANS, GRANTS, AND FACILITATING PRIVATE EQUITY INVESTMENTS
2023
$100K
SANKOFA VILLAGE WELLNESS CENTER, GPR
2023
$200K
For grant recipient's exempt purposes
2022

Funded by

$800K from 3 funders · 3 grants · 2022–2023

Braeside Foundation

$500K · 1 grant · 2023

Marc And Jeanne Malnati Family Fdn

$100K · 1 grant · 2023

Details

EIN043292614
NTEE codeL21
Subsection03
Ruling date2014-08
Formed1991
Employees0
Volunteers6
NEW HOPE COMMUNITY CAPITAL INC — Mission, Financials & Grants Received | Grantivo