Hope Development Corporation
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.
Hope Development Corporation at a glance
- Total assets
- $1,853,047
- -4.5% vs 2024
- Revenue (2025)
- $50,652
- -1.2% vs 2024
- Expenses (2025)
- $146,274
- -2.8% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Hope Development Corporation funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2023 it made 1 grant totaling $25K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Achievement First New Haven, CT | Operation of a school for grades pre-kindergarten through 12. | $25,002 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants |
|---|---|---|---|---|---|
| 2025 | $1,853,047 | $50,652 | $146,274 | — | — |
| 2024 | $1,939,669 | $51,253 | $150,433 | — | — |
| 2023 | $2,049,849 | $26,829 | $173,755 | $25,002 | 1 |
| 2022 | $1,917,663 | $1,059,834 | $156,343 | — | — |
| 2021 | $2,065,470 | $975,600 | $119,225 | — | — |
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
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.
Data update history
(2)
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)
Live grants for the work Hope Development Corporation funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Hope Development Corporation's focus areas in our free grants database
Similar Funders
Funders with grantees in common
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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.
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—
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The Schwedel Foundation
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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.
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Daedalus Foundation Inc
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The foundation supports organizations working in democracy and justice, humanitarian aid, education, public health, and environmental protection, with 2024 grants ranging from $6,000 to $32,500 and a median of $11,500. Its grants went to organizations in several states, with the largest shares in New York, Alabama, and Washington, DC. It funds only preselected organizations and does not accept unsolicited requests.
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Yale New Haven Health Services Corporation
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Assets
$3.6B
Grants
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Total Given
$2.6M
More similar funders
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Hope Development Corporation down — hundreds of funders to go?