Hope for New York (HFNY) is a 501(c)(3) public charity based in New York City that serves as a coalition bringing together nonprofits, workplaces, churches, and individual New Yorkers to support vulnerable populations. Founded in 1992, the organization mobilizes volunteer and financial resources to address poverty and marginalization across the city.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.4M
-15.8% YoY
Annual Giving
$2.5M
-7.6% YoY
Grant Count
43
+2.4% YoY
Avg Grant Size
$58K
-9.7% YoY
Mission & Focus Areas
Mission: To mobilize volunteer and financial resources to support nonprofit organizations serving the poor and marginalized in New York City.
Vision: A New York City in which all people experience spiritual, social, and economic flourishing through the demonstration of Christ's love.
The organization operates through three primary program areas:
- Grantmaking: Provides grants to organizations serving the poor and marginalized in New York City
- Volunteerism: Mobilizes volunteers and equips leaders to serve nonprofit affiliate partners
- Capacity Building: Offers training resources and assistance to partner organizations
Populations served include at-risk youth, economically disadvantaged people, immigrants and migrants, incarcerated people, and victims and oppressed people.
Grantmaking
Hope for New York distributes grants to a network of vetted nonprofit partners. As of the most recent data:
Grant Range
** Typical awards range from $9,000 to $267,179
Grant Types
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Geographic Focus
Where this funder awards grants
Hope for New York primarily funds organizations in New York City, with some activity in New Jersey and Virginia.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent (2024):
- Total Assets: $4,398,431
- Total Revenues: $5,084,895
- Total Expenses: $5,677,385
- Staff: 18 employees
Previous Year (2023):
- Total Assets: $5,220,000
- Total Revenues: $4,810,000
- Total Expenses: $5,160,000
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,398,431 | $5,223,765 | $5,660,999 |
| Revenue | $5,084,895 | $4,805,166 | $5,108,064 |
| Expenses | $5,677,385 | $5,164,506 | $5,128,487 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $168,521 | $138,681 | $13,431 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
204 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Chief Executive Officer: Elise Chong
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Gina Sohn | Chair | 5 | — |
| Joseph Selvidio Esq | Vice Chair | 5 | — |
| Michelle Brouhard | Treasurer | 2 | — |
| Scott Strickman | Secretary | 2 | — |
| Un Mi Elise Chong | Chief Executive Officer | 45 | $242,447 |
| Angela Profeta | Director | 2 | — |
| Carol Herring | Director | 2 | — |
| Daniel Bitar | Director | 2 | — |
| Douglas Monticciolo | Director | 2 | — |
| Hee-Jung Moon Esq | Director | 2 | — |
| In Seon Hwang | Director | 2 | — |
| Keye Chow | Director | 2 | — |
| Ruby Greywoode | Director | 2 | — |
| Brian Cho | Director of Generosity | 45 | $104,334 |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Hindy's Foundation
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Assets
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Total Given
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Jeanne & Thomas Hardy Family Foundation
NEW YORK, NY
Assets
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Grants
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Total Given
$3K
Ramsleg Foundation
BRIGHTWATERS, NY
Assets
$543
Grants
1
Total Given
$500
Druckenmiller Foundation
NEW YORK, NY
Assets
$1.8B
Grants
58
Total Given
$135.7M
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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