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Nonprofiteer
← HOPE FOR NEW YORK

Form 990 for tax year 2023

Filed by HOPE FOR NEW YORK.

Totals

Total revenue
$5,084,895
Total expenses
$5,677,385
Contributions and grants received
$4,744,037
Grants paid
$2,985,291
Program service revenue
$0
Investment income
$168,521
Other revenue
$172,337
Total assets, end of year
$4,398,431
Total liabilities, end of year
$631,863
Net assets or fund balances, end of year
$3,766,568
Program services expenses (Part IX)
$5,007,079
Management and general expenses
$397,134
Fundraising expenses
$273,172
Program service expenses (Part III)
$5,007,079

Program services were 88.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $858,674

  • 1f · All other contributions, gifts and grants

    $3,885,363

  • 1g · Noncash contributions included above

    $484,413

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $168,521 · excluded $168,521

  • 6a · Gross rents

    real property $201,850

  • 6b · Less rental expenses

    real property $32,610

  • 6c · Rental income or loss

    real property $169,240 · personal property $0

  • 6d · Net rental income or loss

    total $169,240 · excluded $169,240

  • 7a · Gross sales of assets other than inventory

    securities $2,131,927

  • 7b · Less cost or other basis and sales expenses

    securities $2,131,927

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 7d · Net gain or loss

    total $0 · excluded $0

  • 8a · Fundraising events: gross income

    $146,304

  • 8a · Fundraising events: contributions included on line 1c

    $858,674

  • 8b · Fundraising events: direct expenses

    $146,304

  • 8c · Net income from fundraising events

    total $0 · excluded $0

  • 11d · All other revenue

    total $3,097 · related or exempt $3,097 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $3,097

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,985,291 · program services $2,985,291

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $282,791 · program services $197,953 · management and general $42,419 · fundraising $42,419

  • 7 · Other salaries and wages

    total $1,210,603 · program services $949,559 · management and general $185,393 · fundraising $75,651

  • 8 · Pension plan contributions

    total $26,662 · program services $21,692 · management and general $2,660 · fundraising $2,310

  • 9 · Other employee benefits

    total $321,938 · program services $273,577 · management and general $32,803 · fundraising $15,558

  • 10 · Payroll taxes

    total $124,072 · program services $98,502 · management and general $15,658 · fundraising $9,912

  • 11c · Fees: accounting

    total $67,720 · management and general $67,720

  • 11g · Fees: other

    total $137,012 · program services $64,532 · management and general $0 · fundraising $72,480

  • 12 · Advertising and promotion

    total $46,998 · program services $35,249 · fundraising $11,749

  • 13 · Office expenses

    total $24,359 · program services $3,021 · management and general $306 · fundraising $21,032

  • 14 · Information technology

    total $53,059 · program services $45,333 · management and general $4,932 · fundraising $2,794

  • 16 · Occupancy

    total $283,254 · program services $239,033 · management and general $37,904 · fundraising $6,317

  • 17 · Travel

    total $14,757 · program services $14,462 · management and general $295

  • 19 · Conferences, conventions and meetings

    total $32,945 · program services $19,798 · management and general $1,490 · fundraising $11,657

  • 22 · Depreciation, depletion and amortization

    total $5,365 · program services $4,365 · management and general $535 · fundraising $465

  • 23 · Insurance

    total $13,805 · program services $11,044 · management and general $2,761

  • 24a · Other expenses: Affiliate development

    total $35,752 · program services $35,752

  • 24e · All other expenses

    total $11,002 · program services $7,916 · management and general $2,258 · fundraising $828

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $718,808 · end of year $578,354

  • 3 · Pledges and grants receivable

    beginning of year $19,872 · end of year $41,555

  • 4 · Accounts receivable

    beginning of year $67,484 · end of year $45,923

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $146,818 · end of year $137,448

  • 10a · Land, buildings and equipment: cost or other basis

    $125,027

  • 10b · Land, buildings and equipment: accumulated depreciation

    $118,829

  • 10c · Land, buildings and equipment, net

    beginning of year $11,563 · end of year $6,198

  • 11 · Investments: publicly traded securities

    beginning of year $2,707,166 · end of year $2,289,793

  • 12 · Investments: other securities

    beginning of year $758,086 · end of year $789,699

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $793,968 · end of year $509,461

  • 17 · Accounts payable and accrued expenses

    beginning of year $66,103 · end of year $44,088

  • 18 · Grants payable

    beginning of year $30,000 · end of year $15,000

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $898,617 · end of year $572,775

  • 27 · Net assets without donor restrictions

    beginning of year $3,212,574 · end of year $2,583,820

  • 28 · Net assets with donor restrictions

    beginning of year $1,016,471 · end of year $1,182,748

Mission and programs · 2023

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.

Activities or mission (Part I)

Provide volunteer and financial resources to organizations serving the poor and marginalized of NYC.

  • 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.

    Expenses $5,007,079 · Grants $2,985,291 · Revenue $3,097

As filed on the 2023 return.

Listed in Part VII

  • Gina Sohn

    Chair

    Total calculated
    $0
    Hours/week
    5

  • Joseph Selvidio Esq

    Vice Chair

    Total calculated
    $0
    Hours/week
    5

  • Michelle Brouhard

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Scott Strickman

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Un Mi Elise Chong

    Chief Executive Officer

    Total calculated
    $274,863
    From this org
    $242,447
    From related orgs
    $0
    Other
    $32,416
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $241,322
    Bonus
    $0
    Other
    $1,125
    Deferred
    $14,625
    Nontaxable benefits
    $17,791
    Filer's total
    $274,863

  • Angela Profeta

    Director

    Total calculated
    $0
    Hours/week
    2

  • Carol Herring

    Director

    Total calculated
    $0
    Hours/week
    2

  • Daniel Bitar

    Director

    Total calculated
    $0
    Hours/week
    2

  • Douglas Monticciolo

    Director

    Total calculated
    $0
    Hours/week
    2

  • Hee-Jung Moon Esq

    Director

    Total calculated
    $0
    Hours/week
    2

  • In Seon Hwang

    Director

    Total calculated
    $0
    Hours/week
    2

  • Keye Chow

    Director

    Total calculated
    $0
    Hours/week
    2

  • Ruby Greywoode

    Director

    Total calculated
    $0
    Hours/week
    2

  • Brian Cho

    Director of Generosity

    Total calculated
    $126,837
    From this org
    $104,334
    From related orgs
    $0
    Other
    $22,503
    Hours/week
    45

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
28 April 2025
IRS schema version
2023v6.0
Source object
202501189349302200

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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