NEW HOPE COMMUNITY CAPITAL INC

EIN: 043292614 501(c)(3) Housing & Shelter

BOSTON, MA

Total Revenue
$7,426,665
Total Expenses
$6,490,579
Total Assets
$62,167,256
Net Assets
$10,464,590
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
MA
Principal Officer
THOMAS BUONOPANE
Phone
8572218600
Tax Period
2023-01-01 to 2023-12-31

NEW HOPE COMMUNITY CAPITAL INC, founded in 1991, is a community nonprofit in the Housing & Shelter sector that reported $7.4M in total revenue in fiscal year 2023. Expenses of $6.5M left a modest 13% surplus.

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $976,265
Program Service Revenue $2,732,193
Investment Income $3,718,207
Other Revenue $0
TOTAL REVENUE $7,426,665

Expense Breakdown

Grants Paid $3,950,888
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $6,247,526
Other Expenses $2,539,691
TOTAL EXPENSES $6,490,579

Year-over-Year Comparison

2023 2022 Change
Revenue $7,426,665 $7,579,229 0.0%
Expenses $6,490,579 $3,509,023 +0.8%
Net Income $936,086 $4,070,206 -0.8%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
6

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALLEN FELIZ DIRECTOR 0.20
Director
$0 $0 $0
BEVERLY BATES DIRECTOR 0.20
Director
$0 $0 $0
JENNY NETZER DIRECTOR/PRESIDENT 0.20
Officer Director
$0 $0 $0
LEONARD CLARK DIRECTOR/TREASURER 0.20
Officer Director
$0 $0 $0
MICHAEL GILLIGAN DIRECTOR 0.20
Director
$0 $0 $0
NAVJEET BAL DIRECTOR 0.20
Director
$0 $0 $0
JESSICA JESSE ELTON VICE PRESIDENT 0.20
Officer
$0 $0 $0
THOMAS BUONOPANE VICE PRESIDENT 0.20
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $7,426,665 $6,490,579 $62,167,256 $936,086
2022 $7,579,229 $3,509,023 $44,271,905 $4,070,206
2021 $8,686,559 $8,332,878 $43,105,850 $353,681
2020 $5,244,197 $4,540,527 $32,381,544 $703,670
2019 $22,654,708 $22,447,785 $25,661,068 $206,923
2018 $9,101,367 $9,040,313 $20,829,759 $61,054
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