HOPE FOR NEW YORK (EIN 133713484) - Form 990 Financial Analysis & Trantor Score

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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

1992

Legal Domicile

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

PROVIDE VOLUNTEER AND FINANCIAL RESOURCES TO ORGANIZATIONS SERVING THE POOR AND MARGINALIZED OF NYC.

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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%)

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

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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

Governance

Voting Members

Independent Members

Employees

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

$285,719

Total Directors

$285,719

Key Employees

Highest Compensated

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

HOPE FOR NEW YORK