Overview
What is Hope For New York?
Hope For New York is a dedicated nonprofit organization situated in the heart of New York City, specifically at 1500 Broadway 700, New York, NY 10036. Their primary objective is to connect volunteer and financial resources with organizations that cater to the needs of impoverished and vulnerable communities within the city. By offering grants, capacity building assistance, and volunteer opportunities, they aim to foster sustainable changes in various neighborhoods and communities. With a workforce of 17 individuals, Hope For New York's mission is to bolster organizations serving marginalized communities in New York City, thereby positively impacting these communities' lives.
Official website here: www.hfny.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star Rating from Charity Navigator)
Hope For New York has achieved a remarkable Four-Star rating from Charity Navigator, with a score of 95% primarily focused on its accountability and finance practices. This high score reflects the organization's commitment to maintaining strong financial health and transparency, which is crucial for donor trust and community support.
The evaluation highlights several organizational strengths, including a board that consists entirely of independent members and robust financial oversight mechanisms. Additionally, the charity demonstrates exceptional efficiency in fundraising, with a minimal cost of $0.05 to raise a dollar, and dedicates a significant portion—88.25%—of its expenses directly to programs, ensuring that donations effectively support its mission.
No significant limitations were noted in the feedback, indicating that Hope For New York operates with high standards of governance and financial integrity. This positive assessment underscores the charity's effectiveness in serving its community while maintaining responsible financial practices.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Hope For New York?
98% of 25 reviewers on Facebook recommend this charity. Here is a summary of their reviews:
Participants express strong support for Hope For New York’s mission, highlighting the impactful nature of their ministry and church services. The spiritual guidance felt during their activities is frequently mentioned, showcasing a sense of community and purpose among volunteers and participants alike.
Overall, individuals appreciate the organization's commitment to serving others and making a difference in the lives of those they reach. The positive experiences shared indicate a deep sense of fulfillment and encouragement to keep spreading their message and mission, reflecting well on the nonprofit's effectiveness in its endeavor.
This AI summary has been generated from reviews found on Facebook.
Is Hope For New York legitimate?
Hope For New York is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope For New York submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $255,978
Professional Fundraising Fees: $0
Other Salaries and Wages: $767,650
For more financial information, click here
Official website here: www.hfny.org
What is the mission statement of Hope For New York?
Hope for New York's mission is to support organizations serving the impoverished and marginalized communities within New York City. They achieve this by providing volunteer resources, financial grants, and capacity building assistance. This collaboration aims to bring about positive and enduring changes in various neighborhoods and communities across the city. By connecting these organizations with necessary resources, Hope for New York works towards fostering stronger and more impactful services for those in need.
Official website here: www.hfny.org
Who is the CEO of Hope For New York?
Un Mi Elise Chong is the Chief Executive Officer of Hope For New York. The CEO's salary of Hope For New York is $218,992 and their total compensation is $245,682.
Official website here: www.hfny.org
What is the revenue of Hope For New York?
Hope For New York's revenue in 2022 was $5,108,064.
Official website here: www.hfny.org
Who are the executives of Hope For New York and what are their salaries?
The average compensation at Hope For New York during 2022 was $60,213. There are 17 employees and 3364 volunteers at Hope For New York.
Here are 16 key members and their salaries (Hope For New York's CEO's salary is $218,992 and their total compensation is $245,682):
- Compensation: $218,992
- Related: $0
- Other: $26,690
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- Compensation: $129,762
- Related: $0
- Other: $31,441
Official website here: www.hfny.org
Where can I find the form 990 for Hope For New York?
Hope For New York's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hfny.org
Learn more at the official website: www.hfny.org
Mission Statement of Hope For New York
Hope For New York, a nonprofit organization, is dedicated to providing aid to organizations serving the impoverished and marginalized communities of New York City. Its mission is multifaceted, encompassing the provision of volunteers, grants, and capacity building support. By connecting these resources to deserving organizations, Hope For New York aims to foster positive and lasting change within various neighborhoods and communities across the city. This approach empowers these organizations to better serve their constituents, ultimately improving the lives of those who are most in need.
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Impact
October, 2024
Hope For New York creates a significant impact by connecting volunteers and financial resources to organizations serving the poor and marginalized communities in New York City. By mobilizing volunteers and providing grants and capacity-building support, it strengthens various organizations that work tirelessly to uplift vulnerable populations. This support fosters sustainable change across neighborhoods, enhancing the capacity of local initiatives to address critical needs. Through these efforts, Hope For New York contributes to the creation of healthier, more resilient communities, effectively addressing systemic challenges faced by those in need.
This information is meant to be a general summary of Hope For New York. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $13,431
- Gross Receipts: $7,919,630
Assets and Liabilities:
- Total Assets: $5,660,999
- Total Liabilities: $1,191,509
- Net Assets: $4,469,490
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Organization Details
Founding Year
1992
Phone
(917) 206-1440Principal Officer
Un Mi Elise Chong
Main Address
1500 Broadway 700, New York, NY, 10036
Website
www.hfny.orgNTEE Category
Code: T30J - Philanthropy
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