Hope Community Development Corporation is a private foundation focused on Housing & Shelter, based in SPRINGFIELD, MA. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $456K in total assets. In 2024, it made $468K in qualifying distributions. Net investment income was $135.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$456K
+4925.0% YoY
Revenue
$625K
+866.0% YoY
Qualifying Distributions
$468K
+361.6% YoY
Expenses
$469K
+335.3% YoY
Under IRS private-foundation payout rules, Hope Community Development Corporation reported a distributable amount of $9K for 2024 — the minimum it must pay out in qualifying distributions.
About Hope Community Development Corporation
Based on IRS filings
Hope Community Development Corporation is a private foundation focused on Housing & Shelter, based in SPRINGFIELD, MA. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $456K in total assets. In 2024, it made $468K in qualifying distributions. Net investment income was $135.
Focus Areas
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $456,120 | $9,077 | — |
| Revenue | $625,046 | $64,705 | — |
| Expenses | $468,653 | $107,663 | — |
| Qualifying Distributions | $468,076 | $101,413 | — |
| Net Investment Income | $135 | $14 | — |
| Distributable Amount | $8,613 | $178 | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
0 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BISHOP BRUCE SHAW | PRESIDENT | 1 | — |
| MOYA SMITH | TREASURER | 1 | — |
| DELLA BLAKE | CLERK | 1 | — |
| ARCHBISHOP TIMOTHY BAYMON | CHAIRMAN | 1 | — |
| REV SAMUEL SAYLOR | DIRECTOR | 1 | — |
| REV JOHN P MORGAN | DIRECTOR | 1 | — |
| ANDREW MELENDEZ | VICE PRESIDENT | 1 | — |
| JOSEPH WILLIAMS | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Hope Community Development Corporation?
Hope Community Development Corporation is a private foundation focused on Housing & Shelter, based in SPRINGFIELD, MA. It holds $456K in total assets as of 2024.
How large is Hope Community Development Corporation?
As of 2024, Hope Community Development Corporation holds $456K in total assets with $625K in annual revenue.
How much is Hope Community Development Corporation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Hope Community Development Corporation reported a distributable amount of $9K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Hope Community Development Corporation's EIN?
Hope Community Development Corporation's EIN (Employer Identification Number) is 88-3019916. IRS Form 990 filing data is available on this page for 2022–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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