SHINING HOPE FOR COMMUNITIES INC Charity Report

Public IRS 990 nonprofit record

SHINING HOPE FOR COMMUNITIES INC

EIN 27-1493201 · Elementary & Secondary Schools (B20)

What they do

SHINING HOPE for COMMUNITIES is A GRASSROOTS MOVEMENT THAT CATALYZES LARGE-SCALE TRANSFORMATION IN URBAN SLUMS BY PROVIDING CRITICAL SERVICES for ALL, COMMUNITY ADVOCACY PLATFORMS, and EDUCATION and LEADERSHIP DEVELOPMENT for WOMEN and GIRLS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $81.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders19 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

86.72%of revenue went to mission work81.4% of expenses · Program services

10.19%of revenue went to fundraising9.6% of expenses

$106.54spent for every $100 of revenueSpending was higher than revenue this year.

9.63%of revenue went to management and office costs9.0% of expenses

$1.93in assets for every $1 spent this yearSome assets cannot be spent right away.

94.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $1,605,423 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $251,574 for KENNEDY ODEDE (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$24,555,349

Mission workProgram services$21,294,27186.72% of revenue81.4% of expenses

ManagementOffice and general costs$2,364,3549.63% of revenue9.0% of expenses

FundraisingAsking for donations$2,502,14710.19% of revenue9.6% of expenses

Total expenses$26,160,772106.54% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 81.4% mission · 9.0% management · 9.6% fundraisingTotal expenses: 106.54% of revenue

2023Expense mix: 93.1% mission · 3.7% management · 3.2% fundraisingTotal expenses: 108.70% of revenue

2022Expense mix: 84.2% mission · 10.1% management · 5.7% fundraisingTotal expenses: 110.58% of revenue

2021Expense mix: 84.5% mission · 9.0% management · 6.5% fundraisingTotal expenses: 27.44% of revenue

2020Expense mix: 85.6% mission · 7.8% management · 6.7% fundraisingTotal expenses: 68.88% of revenue

2019Expense mix: 79.4% mission · 11.6% management · 9.0% fundraisingTotal expenses: 71.37% of revenue

2018Expense mix: 82.1% mission · 7.6% management · 10.3% fundraisingTotal expenses: 75.67% of revenue

2017Expense mix: 84.9% mission · 4.0% management · 11.2% fundraisingTotal expenses: 76.78% of revenue

Money in and money out

Revenue$24,555,349

Expenses$26,160,772

Annual shortfall $1,605,423 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$21,294,271 · 81.4% of expenses

Management and office costs$2,364,354 · 9.0% of expenses

Fundraising$2,502,147 · 9.6% of expenses

See all reported dollar amounts

Revenue$24,555,349

Expenses$26,160,772

Assets$50,545,391

Income$30,354,154

Contributions$23,088,599

Mission work (program services)$21,294,271

Fundraising$2,502,147

Grants given$26,099

Average grant$8,700

Management and general$2,364,354

Executive compensation (total)$492,298

Stocks and bonds$16,759,764

Accounting fees$267,785

Investing fees$37,927

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

KENNEDY ODEDEPRESIDENT & CEO · 60 hrs/week $251,574Base $223,624 · Other $27,950

KATHERINE POTASKICHIEF ADVANCEMENT OFFICER & SEC. · 60 hrs/week $211,483Base $192,721 · Other $18,762

MUTAF RIFATCFO & TREASURER · 60 hrs/week $141,880

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (19)

KENNEDY ODEDEPRESIDENT & CEO

KATHERINE POTASKICHIEF ADVANCEMENT OFFICER & SEC.

MUTAF RIFATCFO & TREASURER

MATTHEW SIROVICHDIRECTOR

SYBILL KERNDIRECTOR

STIGMATA TENGADIRECTOR

ROBBY WALKERDIRECTOR

RICHARD MATIKANYADIRECTOR (FROM 12/24)

RICHARD CUNNINGHAMDIRECTOR

PHILIPPE DORNANODIRECTOR

OBIGAELI EZEKWESILIDIRECTOR

MIMI STERNLICHTDIRECTOR

BLAIR MILLERDIRECTOR (FROM 03/24)

MATTHEW CHANOFFDIRECTOR

LESLIE BLUHMDIRECTOR

JESSICA POSNER ODEDEDIRECTOR

JEREMY MINDICHCHAIR

JEFF SHAMESDIRECTOR (FROM 06/24)

ELIZABETH CUTLERDIRECTOR

About this charity

Recognized since: January 2010
Location: 222 BROADWAY 22ND FLOOR, NEW YORK, NY 10038
County: New York
In care of: KENNEDY ODEDE
Primary officer: KENNEDY ODEDE, PRESIDENT & CEO

How to reach them

WebsiteVisit the charity’s website Phone(718) 360-1709

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: GELMAN ROSENBERG & FREEDMAN
NTEE classification: Elementary & Secondary Schools (B20)
IRS tax category: Elementary & Secondary Schools
Grant-giving organization: Yes