Massachusetts · Nonprofit
NEW HOPE COMMUNITY CAPITAL INC
NEW HOPE COMMUNITY CAPITAL INC (Massachusetts) receives grants from 3 organizations whose IRS filings report $800,000 to it, the largest being BRAESIDE FOUNDATION ($500,000). 0 of them have funded it in more than one year.
- Revenue FY2024
- $39M
- Funders on record
- 3
- Grants received
- $800k
- Net assets
- $11M
What New Hope Community Capital Inc does
Mission
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 services.
As stated on its FY2024 Form 990.
Program
New hope was formed in 1991 as a charitable corporation under the laws of the commonwealth of massachusetts, specifically for the purposes of (a) promoting, developing, renovating, managing, and facilitating the creation of affordable housing at the lowest possible cost to individuals and families of low and very low incomes; (b) promoting social welfare and combating community deterioration through such affordable housing activities; (c) improving blighted, decayed or substandard areas in order to promote economic development and provide employment opportunities; and (d) any other tax-exempt activities that promote such purposes. New hope has provided capital for affordable and mixed-income housing and related community development activities. It does so by facilitating private equity investments in and making grants and loans in support of such affordable housing and related community development work. In short, new hope promotes the charitable purpose of affordable housing for the direct benefit of poor and distressed individuals and families, which are charitable classes.new hope's charitable purposes were includes making investments in, and grants and loans to, nonprofit…
$6,247,526 spentof which $3,950,888 as grants$2,732,193 earned by the program100% of program spending
The program described on its FY2023 Form 990. Program spending in total: $6,247,526.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $44M to $62M (+40%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2022 22% · 2023 2% · 2024 16%. Grants only. Government contracts and fees sit inside program revenue.
50% of NEW HOPE COMMUNITY CAPITAL INC’s revenue is contributions — more donation-reliant than the typical peer (13% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
Grant support over time, funder by funder — shade shows the grant size each year.
1 of 3 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 25% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of NEW HOPE COMMUNITY CAPITAL INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
NEW HOPE COMMUNITY CAPITAL INC leans on a few funders — its largest provides 63% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
25% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund NEW HOPE COMMUNITY CAPITAL INC.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
NEW HOPE COMMUNITY CAPITAL INC draws 100% of its grant income from funders outside Massachusetts, across 1 state in all.
Funder states come from each funder’s own filing. $200k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
NEW HOPE COMMUNITY CAPITAL INC is better cushioned than half of the 817 housing & shelter nonprofits its size.
this organization peer median middle 50% of peers· 817 housing & shelter nonprofits $10M–$100M, FY2024
Government funding NEW HOPE COMMUNITY CAPITAL INC receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $8.0M on record.
- Department of the Treasury$8.0M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like NEW HOPE COMMUNITY CAPITAL INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Massachusetts
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
99% of spending goes to programs.
Governance
Public support
95%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 7 related entities
- New Hope Fund VIII Manager LLC · disregarded
- New Hope Fund IX Manager LLC · disregarded
- Kensington Square II Limited Partnership · partnership
- Kent Street Housing Limited Partnership · partnership
- New Hope Fund VII LLC · partnership
Screen this organization
A dated, signed PDF of the compliance screen for NEW HOPE COMMUNITY CAPITAL INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds NEW HOPE COMMUNITY CAPITAL INC?
- NEW HOPE COMMUNITY CAPITAL INC (Massachusetts) receives grants from 3 organizations whose IRS filings report $800,000 to it, the largest being BRAESIDE FOUNDATION ($500,000). 0 of them have funded it in more than one year.
- How many funders does NEW HOPE COMMUNITY CAPITAL INC have?
- IRS filings report 3 organizations giving $800,000 in grants to NEW HOPE COMMUNITY CAPITAL INC.
- Who is the largest funder of NEW HOPE COMMUNITY CAPITAL INC?
- BRAESIDE FOUNDATION is the largest funder on record, with $500,000 in grants. The full list of funders is on this page.
- How can an organization like NEW HOPE COMMUNITY CAPITAL INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Massachusetts. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 3 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing