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HOPE FOR NEW YORK

NEW YORK, NY · EIN 133713484 · Form 990 · FY2024 · NTEE T30J · Philanthropy & Grantmaking · Medium ($1M-$10M) · hfny.org
revenue
$5.1M
expenses
$5.5M
net assets
$3.6M
employees
17
volunteers
2,637
program ratio
86%
mission · from form 990

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

profile · synthesized from sources

Hope for New York is a grantmaking and capacity-building nonprofit that mobilizes financial and volunteer resources to support organizations serving the poor and marginalized in New York City. It functions as a coalition hub, connecting churches, nonprofits, workplaces, and individuals to deliver tangible hope through high-impact service and funding initiatives. The organization partners with over 80 nonprofits and 18 churches, focusing on citywide efforts across all five boroughs.

named programs · 4 · from sources

What they call their work

Community Grants Circle
Group that selects nonprofit partners to participate in Pitch Night and likely guides grantmaking decisions
Hunger Collective
Initiative launched to address food insecurity in New York City through coordinated nonprofit action
Pitch Night
Annual event where nonprofit partners pitch innovative programs; winner receives $25,000 Community Investment Award, with additional grants awarded to runners-up
Safe Families for Children NYC
Supported program that provides temporary family-like care and support circles to prevent child removal into foster care
activities · 5 groups

What they do

  • Food Distribution and Hunger Relief 1 activity
    • Delivering volunteer-powered direct services including mentoring and food support
      Provides mentoring to students and food support to families through volunteer-powered programs. Partners with 80+ nonprofits and 18 churches to serve over 1 million New Yorkers annually, including through initiatives like the Hunger Collective.
  • Community Foundation & United Way Support 1 activity
    • Funding nonprofit programs serving the poor and marginalized in New York City
      Provides financial grants to support nonprofit organizations delivering services to the poor and marginalized in New York City. Has distributed over $30 million in grants since 1992 and supports a coalition of 80+ nonprofits through grantmaking.
  • Volunteer Engagement and Capacity Support 1 activity
    • Mobilizing volunteers for community service in New York City
      Mobilizes high-impact volunteer opportunities for individuals and workplaces by connecting them with vetted nonprofits. Has mobilized over 30,000 volunteers since 1992 to support community service efforts across the city.
  • Religious Pilgrimage and Faith-Based Service Support 1 activity
    • Operating faith-based service, prayer, and giving initiatives through the Coalition of Hope
      Operates a Coalition of Hope that engages churches in prayer, service, and giving as expressions of faith. Organizes quarterly prayer initiatives and virtual prayer events focused on communities served by the coalition.
  • Nonprofit Capacity Building Services 1 activity
    • Strengthening nonprofit capacity through training and coalition-building
      Offers training programs to strengthen nonprofit leadership and connects churches with faith-based nonprofits through a faith-rooted coalition. Supported the launch of Safe Families for Children in NYC and hosts events like Pitch Night for nonprofit partners to present innovative programs.
financials · form 990 · fy2024
revenue
Total revenue$5.13M
Contributions & grants$4.86M95%
Program service revenue$00%
Investment income$105K2%
Other revenue$163K
expenses
Total expenses$5.46M
Program expenses86%
Admin / overhead6%
Fundraising8%
Salaries & benefits$2.09M
Grants paid out$2.25M
Largest expense lineCompensation
balance sheet
Total assets$5.74M
Cash$904K
Investments$2.43M
Liabilities$2.17M
Net assets$3.57M
Liquid reserves7.3 mo
6 years on record · 2019–2024 · YoY revenue +0.9%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 2
NameTitleHours/wkCompensation
UN MI ELISE CHONG CHIEF EXECUTIVE OFFICER 45 $286K
DAVID TEH-YU HUNG CHIEF PROGRAMS OFFICER 45 $183K
board members · 12
  • ANGELA PROFETA — DIRECTOR
  • CAROL HERRING — DIRECTOR
  • DANIEL BITAR — DIRECTOR
  • DOUGLAS MONTICCIOLO — DIRECTOR
  • GINA SOHN — CHAIR
  • HEE-JUNG MOON ESQ — DIRECTOR
  • IN SEON HWANG — DIRECTOR
  • JOSEPH SELVIDIO ESQ — VICE CHAIR
  • KEYE CHOW — DIRECTOR
  • MICHELLE BROUHARD — TREASURER
  • RUBY GREYWOODE — DIRECTOR
  • SCOTT STRICKMAN — SECRETARY
relationships · 17

Who they work with

  • Chosen NYC Partner — Nonprofit partner that received $5,000 through HFNY Pitch Night to support a youth leadership and discipleship program.
  • Coalition of Hope Network — HOPE FOR NEW YORK leads and participates in the Coalition of Hope network of nonprofits.
  • Coalition of Hope Network — Network of organizations through which HOPE FOR NEW YORK identifies and prays for communities in need across NYC.
  • Community Connections for Youth Partner — Nonprofit partner that received $25,000 through HFNY Pitch Night to support its Youth Leadership Collective.
  • Dream Center NYC Partner — Provided funding and support to help sustain operations and strengthen organizational capacity.
  • Historic Partner — Collaborated on rebranding efforts including logo, website, and messaging.
  • Hunger Collective Partner — Initiative launched to address hunger in New York City.
  • Reunion Church Partner — Church partner engaged in service, prayer, and giving through the Coalition of Hope.
  • Reunion Church Partner — Partnership enables the church to engage in tangible service and gospel-centered outreach in New York City.
  • Rev. Tim Keller Partner — Founding inspiration for the organization
  • Rising Leaders Board Coalition — Board composed of individuals, including young professionals, engaged in supporting HFNY's mission and expanding connections among donors.
  • Safe Families for Children Partner — Nonprofit partner that received $10,000 through HFNY Pitch Night to expand support for families in crisis.
  • Safe Families for Children Partner — Partner organization that was launched in NYC with support from Hope for New York.
  • Uptown Literacy Lights Partner — Nonprofit partner that received $5,000 through HFNY Pitch Night to improve children's reading comprehension through churches.
  • churches Partner — Partners with churches to mobilize volunteers and deliver compassionate services throughout the city.
  • nonprofits Partner — Collaborates with nonprofit organizations across New York City to expand community service and support.
  • workplaces Partner — Engages workplaces in volunteer and giving initiatives to support community needs.
strategies · 4

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Capacity-Building Partnership Model
    methodology: capacity_building_partnership_model
    By investing in the strengths of nonprofit partners and stewarding donations with intentionality, HOPE FOR NEW YORK increases frontline organizational capacity more effectively than pass-through funding, because active partnership enhances sustainability, trust, and programmatic effectiveness.
  • Faith-Based Collaborative Network for Collective Impact
    methodology: faith_based_coalition_building
    By forming coalitions of churches, nonprofits, and individuals through a faith-based network, HOPE FOR NEW YORK amplifies community impact and sustains long-term engagement, because shared values and relational trust increase coordination, resource mobilization, and holistic service delivery.
  • Participatory Grantmaking with Community Decision-Making
    methodology: participatory_grantmaking
    By involving community members in voting to allocate funding to nonprofit partners, HOPE FOR NEW YORK increases local ownership and trust in resource distribution, because participatory decision-making strengthens accountability and aligns support with community-identified needs.
  • Passion-Based Volunteer Engagement
    methodology: passion_based_volunteer_engagement
    By aligning volunteer opportunities with individuals’ personal passions and skills, HOPE FOR NEW YORK increases meaningful participation and sustained community impact, because engagement rooted in personal calling produces deeper commitment and relational service.