HOPE FOR NEW YORK

EIN: 133713484 501(c)(3) Philanthropy & Grantmaking

NEW YORK, NY

Total Revenue
$5,130,809
Total Expenses
$5,455,126
Total Assets
$5,742,742
Net Assets
$3,574,504
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
NY
Principal Officer
UN MI ELISE CHONG
Phone
9172061440
Tax Period
2024-07-01 to 2025-06-30

HOPE FOR NEW YORK, founded in 1992, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $5.1M in total revenue in fiscal year 2024.

Mission

HOPE FOR NEW YORK'S MISSION IS TO PROVIDE VOLUNTEERS, GRANTS AND CAPACITY BUILDING SUPPORT TO STRENGTHEN ORGANIZATIONS SERVING POOR AND MARGINALIZED COMMUNITIES IN NEW YORK CITY.

Program Service Accomplishments

Program 1
Expenses: $4,699,375 Revenue: $7,154

HOPE FOR NEW YORK CONNECTS VOLUNTEER AND FINANCIAL RESOURCES TO ORGANIZATIONS THAT SERVE POOR AND VULNERABLE COMMUNITIES IN NEW YORK CITY. BY CONNECTING VOLUNTEERS, GRANTS AND CAPACITY BUILDING...

Read more

HOPE FOR NEW YORK CONNECTS VOLUNTEER AND FINANCIAL RESOURCES TO ORGANIZATIONS THAT SERVE POOR AND VULNERABLE COMMUNITIES IN NEW YORK CITY. BY CONNECTING VOLUNTEERS, GRANTS AND CAPACITY BUILDING ASSISTANCE TO ORGANIZATIONS, WE EFFECT POSITIVE AND SUSTAINABLE CHANGE IN NEIGHBORHOODS AND COMMUNITIES THROUGHOUT THE CITY.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,862,713
Program Service Revenue $0
Investment Income $105,270
Other Revenue $162,826
TOTAL REVENUE $5,130,809

Expense Breakdown

Grants Paid $2,247,707
Salaries & Benefits $2,091,155
Fundraising Expenses $436,415
Program Expenses $4,699,375
Other Expenses $1,116,264
TOTAL EXPENSES $5,455,126

Year-over-Year Comparison

2024 2023 Change
Revenue $5,130,809 $5,084,895 +0.0%
Expenses $5,455,126 $5,677,385 0.0%
Net Income $-324,317 $-592,490 -0.5%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
13
Independent Members
12
Employees
17
Volunteers
2637

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
5
$285,719
Total Directors
13
$285,719
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
UN MI ELISE CHONG CHIEF EXECUTIVE OFFICER 45.00
Officer Director
$251,429 $34,290 $285,719
GINA SOHN CHAIR 5.00
Officer Director
$0 $0 $0
JOSEPH SELVIDIO ESQ VICE CHAIR 5.00
Officer Director
$0 $0 $0
SCOTT STRICKMAN SECRETARY 2.00
Officer Director
$0 $0 $0
MICHELLE BROUHARD TREASURER 2.00
Officer Director
$0 $0 $0
ANGELA PROFETA DIRECTOR 2.00
Director
$0 $0 $0
CAROL HERRING DIRECTOR 2.00
Director
$0 $0 $0
DANIEL BITAR DIRECTOR 2.00
Director
$0 $0 $0
DOUGLAS MONTICCIOLO DIRECTOR 2.00
Director
$0 $0 $0
HEE-JUNG MOON ESQ DIRECTOR 2.00
Director
$0 $0 $0
IN SEON HWANG DIRECTOR 2.00
Director
$0 $0 $0
KEYE CHOW DIRECTOR 2.00
Director
$0 $0 $0
RUBY GREYWOODE DIRECTOR 2.00
Director
$0 $0 $0
DAVID TEH-YU HUNG CHIEF PROGRAMS OFFICER 45.00
Highest
$170,800 $12,096 $182,896
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
2025 $5,130,809 $5,455,126 $5,742,742 $-324,317
2024 $5,084,895 $5,677,385 $4,398,431 $-592,490
2023 $4,805,166 $5,164,506 $5,223,765 $-359,340
2022 $5,108,064 $5,128,487 $5,660,999 $-20,423
2021 $5,735,930 $5,230,351 $4,683,559 $505,579
2020 $4,998,539 $5,376,804 $4,648,101 $-378,265
2019 $4,635,122 $4,508,926 $4,819,710 $126,196
2018 $4,153,829 $4,289,844 $4,572,734 $-136,015
Explore More Nonprofits
→Top 100 Nonprofits in New York →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare HOPE FOR NEW YORK with other nonprofits in New York and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.