EIN 23-2952060

Nueva Esperanza Housing and Economic Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
1998
Most recent tax filings
2023-06-01
Description
Nueva Esperanza Housing and Economic Development Corporation builds, rehabilitates, and improves facilities to make quality housing available to lower income persons through rental/homeownership programs and community economic development. The organization serves the Hispanic community of North Philadelphia as a non-profit corporation with a primary purpose of improving the physical, economic, and social environment.
Related structure
Nueva Esperanza Housing and Economic Development Corporation is a subordinate organization under Esperanza Academy Charter School.
Total revenues
$1,275,122
2023
Total expenses
$1,054,468
2023
Total assets
$4,941,252
2023
Num. employees
0
2023

Program areas at Nueva Esperanza Housing and Economic Development Corporation

Nueva Esperanza Housing and Economic Development Corporation ("nehed") is a non-profit Corporation serving the hispanic community of north philadelphia. The primary purpose of the organization is the improvement of the physical, Economic, and social environment of the target area bounded by roosevelt boulevard, 9th street, erie avenue, and front street in philadelphia, pa by addressing the needs of low-income persons, including Housing for lower income persons and activities on a not-for-profit and charitable basis. Nehed's mission is to transform hunting park into a destination and a model neighborhood by empowering its people and fostering community engagement, Economic and physical Development, and education.

Who funds Nueva Esperanza Housing and Economic Development Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Temple University (TU)Research Subcontract$47,564

Personnel at Nueva Esperanza Housing and Economic Development Corporation

NameTitleCompensation
Dr. Jon MarshSenior Vice President and Chief Executive Officer
Rev. Luis Cortes, JR.Founder, President and Chief Executive Officer$0
Jamile TellezSenior Vice President Community
Rafael AlvarezVice President for Advocacy and Community
Uriel RendonSenior Vice President of Marketing
...and 13 more key personnel

Financials for Nueva Esperanza Housing and Economic Development Corporation

RevenuesFYE 06/2023
Total grants, contributions, etc.$1,193,164
Program services$81,918
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$40
Total revenues$1,275,122

Form 990s for Nueva Esperanza Housing and Economic Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-01990View PDF
2022-062023-05-14990View PDF
2021-062022-05-11990View PDF
2020-062021-05-26990View PDF
2019-062020-09-03990View PDF
...and 9 more Form 990s

Organizations like Nueva Esperanza Housing and Economic Development Corporation

OrganizationLocationRevenue
Urban Neighborhood InitiativeKansas City, MO$1,488,749
Kentucky Mountain Housing Development CorporationManchester, KY$494,936
Habitat for Humanity Community FundNew York, NY$892,158
Habitat for Humanity - Taos HFH ofTaos, NM$721,083
Habitat for Humanity - Bulloch County HFH ofStatesboro, GA$326,342
Habitat for Humanity - Avery County HFHNewland, NC$709,245
Newvue CommunitiesFitchburg, MA$3,743,042
Twelfth Street Heritage Development CorporationKansas City, MO$718,785
Safe Housing and Economic Development (SHED)Welch, WV$476,733
Jones Memorial Community Development CorporationPhiladelphia, PA$448,155
Data update history
August 11, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 2, 2024
Updated personnel
Identified 2 new personnel
July 13, 2024
Received grants
Identified 1 new grant, including a grant for $47,564 from Temple University (TU)
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 9, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Housing and shelter organizationsChapter / child organizationsCharities
Issues
Human servicesCommunity improvementHousingHispanicEconomic development
Characteristics
State / local levelReceives government fundingTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
4261 N 5th St
Philadelphia, PA 19140
Metro area
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
County
Philadelphia County, PA
Website URL
esperanza.us/ 
Phone
(215) 324-0746
IRS details
EIN
23-2952060
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1998
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L20: Housing Development, Construction, Management
NAICS code, primary
62422: Community Housing Services
Parent/child status
Subordinate organization
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