Massachusetts · Public charity
New Hope Community Capital Inc
The primary purpose of the corporation is to promote community development by directing its activities toward improving the social and economic conditions of underserved people, including residents of economically distressed communities, low-income persons and other underserved persons who lack adequate access to capital and financial…
- $34M
- Granted FY2024(still arriving)
- 8
- Grants FY2024
- 4
- Organizations funded FY2023
- 50%
- First-time grantees FY2023
- Median grant, FY2024
- $4,550,000
- Largest grant, FY2024
- $9,875,000
- Organizations funded a year
- 1 to 4
- FY2017 to FY2023
- States reached, FY2024
- 2
- Total assets, FY2024
- $76M
How open it is to new grantees
In FY2023, 50% of the organizations New Hope Community Capital Inc funded were first-time grantees, receiving 96% of its grant dollars.
New vs renewed · share of each year
In FY2023, 4% of grant dollars renewed an existing relationship; $3.8M went to new ones.
Where new relationships form · theme of each grantee’s first grant
How this is measured
The numbers by year
| Fiscal year | Organizations funded | To those organizations | First-time grantees |
|---|---|---|---|
| FY2024still arriving | 7 | $34M | 71% |
| FY2023 | 4 | $4.0M | 50% |
| FY2022 | 3 | $1.1M | 67% |
| FY2021 | 3 | $6.4M | 67% |
| FY2020 | 1 | $3.0M | 100% |
| FY2018 | 3 | $7.9M | 100% |
| FY2017 | 1 | $14M | n/a |
What it funded, over time
Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2024.
Top grantees
Largest recipients by total granted, FY2017 to FY2024, and the share of each one’s budget the grants supplied at peak.
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| Washington Pine LLC | $9,875,000 | 1 | n/a |
| Garfield Park Wellness Center Support Corporation | $8,797,632 | 1 | n/a |
| New Leyden Woods I LP | $7,400,000 | 1 | n/a |
| Lyman Terrace Phase II LLC | $6,037,500 | 1 | n/a |
| 250 Centre Street Housing LLC | $5,946,000 | 1 | n/a |
| Tcb Clarion LLC | $3,421,623 | 3 | n/a |
| Nannie Helen Owner LLC | $2,987,244 | 1 | n/a |
| The Community Builders Inc | $2,647,009 | 4 | 2% |
| Tcb Beach 21st LLC | $2,122,903 | 1 | n/a |
| W Garfield Park | $719,180 | 1 | n/a |
Show all 11 grantees
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| Washington Pine LLC | $9,875,000 | 1 | n/a |
| Garfield Park Wellness Center Support Corporation | $8,797,632 | 1 | n/a |
| New Leyden Woods I LP | $7,400,000 | 1 | n/a |
| Lyman Terrace Phase II LLC | $6,037,500 | 1 | n/a |
| 250 Centre Street Housing LLC | $5,946,000 | 1 | n/a |
| Tcb Clarion LLC | $3,421,623 | 3 | n/a |
| Nannie Helen Owner LLC | $2,987,244 | 1 | n/a |
| The Community Builders Inc | $2,647,009 | 4 | 2% |
| Tcb Beach 21st LLC | $2,122,903 | 1 | n/a |
| W Garfield Park | $719,180 | 1 | n/a |
| Cvi-Tcb Commercial LLC | $165,891 | 1 | n/a |
Plus 5 recipients with no EIN on record ($21M), not named here.
About New Hope Community Capital Inc
- How much does New Hope Community Capital Inc give?
- New Hope Community Capital Inc reported 8 grants totaling $34,412,415 in its FY2024 IRS filing. It funded between 1 and 4 organizations a year over FY2017 to FY2023.
- What does New Hope Community Capital Inc fund?
- By grant dollars over FY2017 to FY2024, its largest causes are Housing & Shelter (80%), Community Improvement (13%), Health (8%).
- Who are New Hope Community Capital Inc's largest grantees?
- By total granted over FY2017 to FY2024: Washington Pine LLC ($9.9M), Garfield Park Wellness Center Support Corporation ($8.8M), New Leyden Woods I LP ($7.4M).
- Does New Hope Community Capital Inc fund new organizations?
- In FY2023, 50% of the organizations it funded were first-time grantees.
- Where is New Hope Community Capital Inc based?
- New Hope Community Capital Inc is based in MA.
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