Formed in 2021, Hope Development Corporation (HDC) was founded to improve education opportunities in and around providence, ri. HDC will focus on community revitalization and improvement through investments (continued from 990 page 2) in development of education facilities, strategic management of facilities, and the charging of nominal rent to non-profit school tenants, made possible from funding by public donations.
Key facts about Hope Development Corporation
- EIN
- 86-2063114
- Latest 990 filing
- Form 990, 2025
- Total assets
- $1,853,047
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$1.9M
-4.5% YoY
Revenue
$51K
-1.2% YoY
Net Investment Income
—
Expenses
$146K
-2.8% YoY
About Hope Development Corporation
Based on IRS filings
Hope Development Corporation is a public charity focused on Education, based in Providence, RI. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $1.9M in total assets.
Focus Areas
Ready to take the next step with Hope Development Corporation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
In 2023 it made 1 grant totaling $25K.
Grant Insights
How this funder distributes its grants
Grant Size Distribution
1 grants across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Giving History
Grant recipients and amounts by year
No grants recorded for 2025.
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,853,047 | $1,939,669 | $2,049,849 |
| Revenue | $50,652 | $51,253 | $26,829 |
| Expenses | $146,274 | $150,433 | $173,755 |
| Net Investment Income | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
- Added Form 990 for fiscal year 2025 (received by the IRS June 4, 2026)
Leadership & Key People
Officers and directors from IRS filings
Hope Development Corporation is led by Christopher Vitale, President & Director on every filing since 2021; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Christopher Vitale
President & Director
On filings since 2021
1 hr/week
No compensation reported
William Fischer
Vice President, Secretary & Director
Director → Vice President, Secretary & Director, 2023
On filings since 2022
0.3 hrs/week
No compensation reported
Theodore Karousos
Treasurer & Assistant Secretary
Director → Treasurer, Assistant Secretary & Director, 2023
Treasurer, Assistant Secretary & Director → Treasurer & Assistant Secretary, 2024
On filings since 2021
0.3 hrs/week
No compensation reported
Former officers (1)
- Former: Julia Rafal-Baer (2021) — Secretary & Director
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Hope Development Corporation
How large is Hope Development Corporation?
Hope Development Corporation reported $1.9M in total assets on its 2025 IRS Form 990. Its revenue that year was $51K.
What is Hope Development Corporation?
Hope Development Corporation is a public charity focused on Education, based in Providence, RI. It holds $1.9M in total assets as of 2025.
Where does Hope Development Corporation operate?
Hope Development Corporation has awarded grants in Connecticut.
What is Hope Development Corporation's EIN?
Hope Development Corporation's EIN (Employer Identification Number) is 86-2063114. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Hope Development Corporation by hand.
Explore Open Grants
Browse active grant opportunities in Hope Development Corporation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Credit Suisse Americas Foundation
New York, NY
Before dissolving on October 16, 2024, Credit Suisse Americas Foundation made general operating grants, with its 2024 awards ranging from $6,954 to $811,880. Nearly all 2024 grant dollars went to organizations in Pennsylvania, with 1% going to Illinois; it accepted written proposals with an IRS determination letter, with deadlines of February 15 and August 15.
Assets
$1.0M
Grants
2
Total Given
$819K
McAdams Charitable Foundation
Barrington, RI
The foundation supports general operating needs at colleges, schools, and United Way organizations, with 2024 grants going to recipients in Massachusetts, Rhode Island, and Colorado. Its four grants ranged from $30,000 to $75,000, totaling $190,000. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$339K
Grants
4
Total Given
$190K
H a Vance Foundation Inc
West Hartford, CT
The H A Vance Foundation supports education programs, including public school initiatives, college and career planning, college success, and teacher development, primarily in Connecticut, with some funding in Massachusetts. Its 2025 grants ranged from $20,000 to $100,000, with a median grant of $50,000. It funds preselected charitable organizations and does not accept unsolicited requests.
Assets
$9.6M
Grants
9
Total Given
$480K
The Schwedel Foundation
New Canaan, CT
The Schwedel Foundation supports a range of charitable organizations, with 2025 grants going to education, community, and other nonprofits. Grants ranged from $100 to $50,000, with a median of $1,500, and went mainly to organizations in Washington, DC, New Jersey, Connecticut, Vermont, and Massachusetts. It does not accept unsolicited requests and gives only to preselected organizations.
Assets
$1.4M
Grants
12
Total Given
$89K
Daedalus Foundation Inc
New York, NY
Assets
$2.0M
Grants
12
Total Given
$215K
Yale New Haven Health Services
New Haven, CT
Yale New Haven Health Services supports innovation and excellence in patient care, teaching, and research through grants to healthcare, education, and community organizations. Its 2025 grants ranged from $8,500 to $1,319,462, with a median of $25,900; 95% of grant dollars went to Connecticut recipients, with smaller shares going to Oregon and Maryland. The profile does not state whether it accepts unsolicited requests.
Assets
$3.6B
Grants
15
Total Given
$2.6M
The Kirsch Family Foundation Inc
Delray Beach, FL
The Kirsch Family Foundation supports education, journalism, and animal preservation, among other charitable work, with 2025 grants ranging from $100 to $1,004 (median $502). It is based in Florida, with 2025 funding going to organizations in several states and Washington, DC; it gives only to preselected charities and does not accept unsolicited requests.
Assets
$203K
Grants
16
Total Given
$9K
Memphis Education Fund Inc
Memphis, TN
Memphis Education Fund supports K–12 school improvement, literacy, student support, and education initiatives and advocacy, primarily serving students in Greater Memphis and Shelby County. Its 2025 grants ranged from $10,000 to $883,000, with a median of $93,120. The profile does not state whether it accepts unsolicited requests.
Assets
$3.4M
Grants
19
Total Given
$4.1M
Silverleaf Foundation Inc
New Canaan, CT
Silverleaf Foundation Inc supports a varied mix of organizations, including community services, education, child care, historical preservation, and domestic violence services. In 2024, it awarded 22 grants ranging from $500 to $60,000, with a median grant of $10,000; most funding went to Connecticut, with grants also made in several other states. The profile does not state whether it accepts unsolicited requests.
Assets
$3.8M
Grants
22
Total Given
$360K
Inherent Foundation
New York, NY
The foundation funds nonprofits and social enterprises advancing economic opportunity through education, workforce development, mental health, and climate action, with support across the United States, Sub-Saharan Africa, India, and Portugal. In 2024, grants ranged from $1,250 to $500,000, with a median of $21,160. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$48.2M
Grants
22
Total Given
$1.6M
The Lillian Goldman Charitable Trust
New York, NY
The trust supports a varied mix of organizations, including those focused on Jewish history and culture, civic engagement, public media, the arts, and education. In 2024, grants ranged from $5,000 to $200,000, with a median of $22,500, and most funding went to organizations in New York, followed by Washington, DC, California, Iowa, and Delaware. The profile does not state whether it accepts unsolicited requests.
Assets
$10.1M
Grants
24
Total Given
$917K
NewCity Foundation
Wilmington, DE
NewCity Foundation supports preselected charitable organizations, with recent grants ranging from $250 to $30,000 and a median of $4,500. Its giving is concentrated in Connecticut, with a small share going to New York; it does not accept unsolicited requests.
Assets
$733K
Grants
24
Total Given
$177K
More Funders in Rhode Island
Hope Development Corporation down — hundreds of funders to go?