Community Hope, Inc. Receives Grant from Bank of America to Support its Mental Health and Veterans Programs
Funding will help Community Hope provide the basic necessities of life to individuals with severe mental health diagnoses and homeless veterans and their families.
Parsippany, New Jersey, June 25, 2024 – Community Hope, Inc., a local non-profit organization dedicated to serving individuals with mental illness and homeless veterans, has received a $50,000 grant from Bank of America (BofA).
The grant will help Community Hope continue to provide essential shelter, food, clothing, and medicine to the individuals under its care, while improving economic mobility in New Jersey.
In the months following the expiration of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the need for essential services, particularly shelter for unhoused veterans, exponentially increased across the counties that Community Hope services. Community Hope was able to meet the demand and prepare for future spikes, thanks in part to support from Bank of America.
Community Hope has been providing individuals with housing and support services since 1985. In that year, it opened its first mental health transitional housing program. Today, it serves hundreds of people suffering from mental illness on an annual basis. It also provides housing and support services to homeless veterans in its veterans transitional housing programs, including the 95-bed Hope for Veterans Program, and to veterans and their families through its Supportive Services for Veteran Families program. In the nearly 40 years that it has been in operation, it has helped thousands of individuals rise above the conditions that have led to their homelessness.
“Community Hope is thrilled to have been selected to receive an award from Bank of America. The Foundation’s generosity will go a long way toward allowing us to continue to provide essential services to some of the most at-risk and underserved members of New Jersey communities,” says Carmine V. Deo, MBA, MSW, LCSW, Chief Executive Officer of Community Hope. “We appreciate BofA’s generous support and continued investment in our activities throughout New Jersey.”
The grant is part of Bank of America’s philanthropic giving efforts in local communities. Awardees were selected for their commitment to improving the lives of individuals and families, including health and jobs.
“Access to safe and suitable housing is a core issue that determines many factors for an individual, including health, education, and future employment opportunities,” said Alberto Garofalo, president, Bank of America New Jersey. “Individuals with mental illness and our veterans deserve the utmost support and resources, and thanks to partners like Community Hope, not only is access to housing provided but also crucial support services – like transitional housing and mental health services which are necessary for the path to success.”
About Community Hope
Community Hope, a NJ non-profit organization, provides housing and support services to thousands of veterans, veteran families, active military members and people living with mental illness each year. Since 1985, our team of over 170 employees has provided clinical case management, housing (emergency, transitional, and affordable), and homelessness prevention services enabling thousands to recover from mental illness, homelessness, substance use, and poverty.
To learn more about Community Hope, visit communityhope-nj.org and follow us on Instagram: CommunityHope_NJ, Twitter @CommunityHopeNJ, and Facebook at facebook.com/CommunityHopeNJ
Bank of America
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 69 million consumer and small business clients with approximately 3,800 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 57 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC).
Reporters may contact: Margaret Banko, mbanko@communityhope-nj.org
