Public Charity

NEW HOPE COMMUNITY CAPITAL INC

Based in BOSTON, MA, NEW HOPE COMMUNITY CAPITAL INC operates as a Public Charity. The organization reported $38.9M in revenue, $38.2M in expenses, $75.6M in total assets for fiscal year 2024. Imperigo tracks 1 reported grant relationships connected to this organization totaling approximately $200K.

EIN: 043292614 BOSTON, MA Low-Income & Subsidized Rental Housing NTEE: L21 Latest filing: 2024
Total Revenue$38.9M
Total Expenses$38.2M
Total Assets$75.6M
Grant Records1
Funding Total$200K
Filing Years2019–2024

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.

Where $100 goes at New Hope Community Capital Inc

How New Hope Community Capital Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$98 Programs the work itself
$2 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $98 for programs

$98
New hope was formed in 1991 as a charitable corporation under the laws of the commonwealth of massachusetts, specifically for the purposes of (a) promoting, developing, renovating, managing…
All program spending · Reported in the filing: 5,000 households
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Allen Feliz
DIRECTOR Beverly Bates
DIRECTOR/PRESIDENT Jenny Netzer
VICE PRESIDENT Jessica Jesse Elton
DIRECTOR/TREASURER Leonard Clark
DIRECTOR Michael Gilligan

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$200,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $38.9M $38.2M $75.6M
2023 $7.4M $6.5M $62.2M
2022 $7.6M $3.5M $44.3M
2020 $5.2M $4.5M $32.4M
2019 $22.7M $22.4M $25.7M

Between 2019 and 2024, reported annual revenue grew from $22.7M to $38.9M (+72%), with total assets most recently reported at $75.6M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for NEW HOPE COMMUNITY CAPITAL INC

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