Public Charity

HOPE DEVELOPMENT CORPORATION C/O CHRISTOPHER VITALE

HOPE DEVELOPMENT CORPORATION C/O CHRISTOPHER VITALE, of PROVIDENCE, RI, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $51K in revenue, $150K in expenses, $1.9M in total assets. 3 publicly reported grants to this organization, totaling roughly $1.8M, appear in IRS filings.

EIN: 862063114 PROVIDENCE, RI Latest filing: 2024
Total Revenue$51K
Total Expenses$150K
Total Assets$1.9M
Grant Records3
Funding Total$1.8M
Filing Years2022–2024

Mission

FORMED IN 2021, HOPE DEVELOPMENT CORPORATION (HDC) WAS FOUNDED TO IMPROVE EDUCATION OPPORTUNITIES IN AND AROUND PROVIDENCE, RI. HDC WILL FOCUS ON COMMUNITY REVITALIZATION AND IMPROVEMENT THROUGH INVESTMENTS (CONTINUED ON SCH O) (CONTINUED FROM 990 PAGE 2) IN DEVELOPMENT OF EDUCATION FACILITIES, STRATEGIC MANAGEMENT OF FACILITIES, AND THE CHARGING OF NOMINAL RENT TO NON-PROFIT SCHOOL TENANTS, MADE POSSIBLE FROM FUNDING BY PUBLIC DONATIONS.

Officers & Directors

PRESIDENT/DIRECTOR Christopher Vitale
TREASURER/ASST. SECRETARY/ Theodore Karousos
VP/SECRETARY/DIRECTOR William Fischer

Officer compensation and complete director data available with membership.

Top Grant Purposes

OPERATING SUPPORT
$1,017,833 1 grant
FACILITIES SUPPORT
$742,000 1 grant
HOUSING
$10,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $51K $150K $1.9M
2023 $27K $174K $2.0M
2022 $1.1M $156K $1.9M

Between 2022 and 2024, reported annual revenue declined from $1.1M to $51K (-95%), with total assets most recently reported at $1.9M.

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

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