What is HANAC?
Founded in 1972, HANAC, Inc. is a New York City-based social services organization dedicated to serving vulnerable populations. The company offers a comprehensive suite of programs, including affordable housing, senior services, youth initiatives, and adult literacy, impacting over 30,000 clients annually. With a substantial team of 300 employees, HANAC collaborates extensively with city agencies and community partners to elevate the quality of life for residents. Their core mission revolves around fostering community progress and delivering essential support to families in need, positioning them as a vital pillar in the city's social infrastructure.
How much funding has HANAC raised?
HANAC has raised a total of $2M across 1 funding round:
Debt
$2M
Debt (2020): $2M with participation from PPP
What's next for HANAC?
The recent major strategic investment, within the context of HANAC's overall enterprise-level funding, signals a period of potential growth and enhanced service delivery. This capital infusion is likely to bolster existing programs, facilitate the expansion of critical initiatives such as affordable housing and senior care, and potentially enable the development of new support services. HANAC's focus on community progress and client impact suggests that future endeavors will continue to align with its mission of providing essential support to New York City's most vulnerable residents, solidifying its long-term sustainability and reach.
See full HANAC company page
