Nonprofit · EIN 86-2063114
HOPE DEVELOPMENT CORPORATION
Tax-exempt · PROVIDENCE, RI 02903
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $50,652 | $146,274 | -$95,622 | $1,853,047 | $19,267 | $1,833,780 |
| December 31, 2024 | 990 | $51,253 | $150,433 | -$99,180 | $1,939,669 | $19,267 | $1,920,402 |
| December 31, 2023 | 990 | $26,829 | $173,755 | -$146,926 | $2,049,849 | $39,267 | $2,010,582 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $648
- Program service revenue
- $50,004
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $69,000
- Depreciation
- $49,808
- Program services (functional)
- $146,274
Balance sheet and other
- Total assets, start of year
- $1,939,669
- Total assets, end of year
- $1,853,047
- Total liabilities, end of year
- $19,267
- Net assets, end of year
- $1,833,780
- Land, buildings and equipment
- $1,726,664
- Gross receipts
- $50,652
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2021
- State of legal domicile
- RI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTOPHER VITALE | PRESIDENT/DIRECTOR Trustee or director, Officer | 1 | $0 |
| WILLIAM FISCHER | VP/SECRETARY/DIRECTOR Trustee or director, Officer | 0.25 | $0 |
| THEODORE KAROUSOS | TREASURER/ASST. SECRETARY/ Trustee or director, Officer | 0.25 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTOPHER VITALE | PRESIDENT/DIRECTOR Trustee or director, Officer | 1 | $0 |
| WILLIAM FISCHER | VP/SECRETARY/DIRECTOR Trustee or director, Officer | 0.25 | $0 |
| THEODORE KAROUSOS | TREASURER/ASST. SECRETARY/ Trustee or director, Officer | 0.25 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTOPHER VITALE | PRESIDENT/DIRECTOR Trustee or director, Officer | 1 | $0 |
| WILLIAM FISCHER | VP/SECRETARY/DIRECTOR Trustee or director, Officer | 0.25 | $0 |
| THEODORE KAROUSOS | TREASURER/ASST. SECRETARY/DIRECTOR Trustee or director, Officer | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 39 PIKE STREET, PROVIDENCE, RI 02903-4349
- In care of
- % CHRISTOPHER VITALE
- Principal officer (990 for 2025)
- CHRISTOPHER VITALE, 39 PIKE STREET, PROVIDENCE, RI 02903
- Signed the 990
- CHRISTOPHER VITALE, PRESIDENT
- Phone
- (401) 265-1934
- Return prepared by
- VERDOLINO & LOWEY PC
Mission
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 ON SCH O) (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.
Program accomplishments
- SUBLEASED A PROPERTY IN RHODE ISLAND FOR THE OPERATION OF A SCHOOL FOR GRADES PRE-KINDERGARTEN THROUGH 12.Expenses $146,274 · revenue $50,004
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 86-2063114
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $1,853,047
- Income (IRS master file)
- $50,652
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $50,652 | $146,274 | $1,853,047 | XML |
| 990 | December 2024 | $51,253 | $150,433 | $1,939,669 | XML |
| 990 | December 2023 | $26,829 | $173,755 | $2,049,849 | XML |
| 990 | December 2022 | $1,059,834 | $156,343 | $1,917,663 | IRS |
| 990 | December 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 86-2063114).
Questions about HOPE DEVELOPMENT CORPORATION
- What is the EIN of HOPE DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of HOPE DEVELOPMENT CORPORATION is 86-2063114.
- Is HOPE DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to HOPE DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOPE DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HOPE DEVELOPMENT CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOPE DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of HOPE DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names CHRISTOPHER VITALE.
- Who are the officers and directors of HOPE DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does HOPE DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $50,652, expenses of $146,274 and total assets of $1,853,047 at year end.
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