Totals
- Total revenue
- $14,160,091
- Total expenses
- $15,667,637
- Contributions and grants received
- $7,153,095
- Grants paid
- $2,025,116
- Program service revenue
- $6,463,328
- Investment income
- $185,885
- Other revenue
- $357,783
- Total assets, end of year
- $53,277,636
- Total liabilities, end of year
- $38,286,213
- Net assets or fund balances, end of year
- $14,991,423
- Program services expenses (Part IX)
- $7,508,322
- Management and general expenses
- $7,653,074
- Fundraising expenses
- $506,241
- Program service expenses (Part III)
- $7,508,322
Program services were 47.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$100,000
-
1d · Related organizations
$1,314,785
-
1e · Government grants (contributions)
$3,692,850
-
1f · All other contributions, gifts and grants
$2,045,460
-
2a · Program service revenue: MANAGEMENT FEES
total $4,508,230 · related or exempt $4,508,230
-
2b · Program service revenue: PROGRAM SERVICE REVENUE
total $1,654,554 · related or exempt $1,654,554
-
2c · Program service revenue: NEWSPAPER REVENUE (IMPACTO ADS)
total $300,544 · related or exempt $300,544
-
3 · Investment income
total $185,885 · excluded $185,885
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: MISCELLANEOUS INCOME
total $357,783 · related or exempt $357,783
-
11e · Other revenue, total
$357,783
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,025,116 · program services $2,025,116
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $859,489 · management and general $859,489
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $4,748,768 · program services $2,230,331 · management and general $2,238,111 · fundraising $280,326
-
8 · Pension plan contributions
total $110,448 · program services $48,034 · management and general $55,497 · fundraising $6,917
-
9 · Other employee benefits
total $652,720 · program services $336,186 · management and general $268,126 · fundraising $48,408
-
10 · Payroll taxes
total $349,259 · program services $151,896 · management and general $175,491 · fundraising $21,872
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $2,655 · program services $193 · management and general $2,280 · fundraising $182
-
11c · Fees: accounting
total $279,050 · program services $20,344 · management and general $239,605 · fundraising $19,101
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $1,455,622 · program services $106,251 · management and general $1,249,861 · fundraising $99,510
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $646,161 · program services $914,889 · management and general -$280,710 · fundraising $11,982
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $1,382,029 · program services $1,063,651 · management and general $303,353 · fundraising $15,025
-
17 · Travel
total $46,109 · program services $28,235 · management and general $17,081 · fundraising $793
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $193,251 · program services $52,094 · management and general $139,032 · fundraising $2,125
-
20 · Interest
total $236,621 · program services $306 · management and general $236,315
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $111,794 · program services $74,648 · management and general $37,146
-
23 · Insurance
total $453,890 · program services $364,155 · management and general $89,735
-
24a · Other expenses: PROGRAM COSTS
total $1,159,478 · program services $193,931 · management and general $965,547
-
24b · Other expenses: OTHER OPERATING EXPENSES
total $813,657 · program services -$243,458 · management and general $1,057,115
-
24c · Other expenses: BAD DEBT EXPENSE
total $141,520 · program services $141,520
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,230,433 · end of year $4,889,354
-
2 · Savings and temporary cash investments
beginning of year $9,027,586 · end of year $9,215,369
-
3 · Pledges and grants receivable
beginning of year $1,058,436 · end of year $1,584,522
-
4 · Accounts receivable
beginning of year $3,448,105 · end of year $2,166,638
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $558,872 · end of year $12,081,272
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $110,742 · end of year $123,038
-
10a · Land, buildings and equipment: cost or other basis
$2,890,133
-
10b · Land, buildings and equipment: accumulated depreciation
$1,303,684
-
10c · Land, buildings and equipment, net
beginning of year $1,680,392 · end of year $1,586,449
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $27,430,313 · end of year $21,630,994
-
17 · Accounts payable and accrued expenses
beginning of year $683,830 · end of year $1,444,362
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $730,524
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $3,644,702 · end of year $13,171,197
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $23,718,293 · end of year $22,940,130
-
27 · Net assets without donor restrictions
beginning of year $10,056,093 · end of year $9,187,229
-
28 · Net assets with donor restrictions
beginning of year $6,441,961 · end of year $5,804,194
Mission and programs · 2023
Mission
THE ORIGINAL MISSION OF NEI WAS TO PROVIDE SUPPORT TO THE HISPANIC COMMUNITY OF NORTH PHILADELPHIA THROUGH COMMUNITY DEVELOPMENT. OVER THE PAST 31 PLUS YEARS, NEI HAS GROWN TO ENCOMPASS LOCAL AND NATIONAL WORK. WITH A STRONG LOCAL COMMUNITY DEVELOPMENT PRESENCE, MULTIPLE EDUCATIONAL INSTITUTIONS, AND ADVOCACY AND CAPACITY BUILDING INITIATIVES TAKING PLACE WITHIN A ROBUST NATIONAL NETWORK OF OVER 13,000 CLERGY, CONGREGATIONS, OVER 500 FAITH-BASED ORGANIZATIONS AND HUNDREDS OF COMMUNITY LEADERS, NEI NOW SERVES A BROAD CONSTITUENCY IN A VARIETY OF CAPACITIES.
Activities or mission (Part I)
ORGANIZATION DEVELOPMENT, HIGHER EDUCATION, COORDINATION OF NATIONAL PROGRAMS AND CAPACITY BUILDING OF HISPANIC FAITH AND COMMUNITY BASED ORGANIZATIONS.
-
EDUCATION - ESPERANZA COLLEGE, A BRANCH CAMPUS OF EASTERN UNIVERSITY, IS THE ONLY HISPANIC SERVING INSTITUTION (HSI) IN PA AND THE ONLY PROGRAM OF ITS KIND IN THE COUNTRY WHERE STUDENTS STUDY IN SPANISH, WHILE LEARNING ENGLISH. UPON EARNING THEIR ASSOCIATE DEGREES, STUDENTS ARE PREPARED TO TRANSFER TO FOUR-YEAR COLLEGES AND UNIVERSITIES.
Expenses $5,145,721 · Revenue $1,654,554
-
NATIONAL - ESPERANZA WORKS PARTIALLY AS AN INTERMEDIARY BETWEEN GOVERNMENT AGENCIES AND HISPANIC FAITH AND COMMUNITY-BASED ORGANIZATIONS. TOGETHER WITH OVER 10,000 HISPANIC CHURCHES AND ORGANIZATIONS, ESPERANZA HAS EMERGED AS A LEADING VOICE FOR HISPANICS OF FAITH IN THE NATION. ESPERANZA HAS SEVERAL NATIONAL INITIATIVES THAT CONTINUE THE WORK OF NUEVA ESPERANZA, INC. ON A NATIONAL SCALE, SERVING THE NEEDS OF THE HISPANIC COMMUNITY AS WELL AS STRENGTHENING THE WORK OF HISPANIC FAITH-BASED ORGANIZATIONS.
Expenses $1,719,043 · Grants $2,025,116 · Revenue $4,508,230
-
IMPACTO ADS - ESPERANZA PROVIDES THE HISPANIC COMMUNITY WITH RELEVANT INFORMATION AND CONTENT TO PROMOTE COMMUNITY CULTURAL, EDUCATIONAL, AND ECONOMIC GROWTH.
Expenses $223,871 · Revenue $300,544
-
Housing & Economic impact
Expenses $279,674
-
EMPLOYEE TRAINING
Expenses $140,013
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Reverend Luis Cortes JrREVEREND LUIS CORTES JR
PRESIDENT & CEO
- Total calculated
- $482,037
- From this org
- $396,023
- From related orgs
- $0
- Other
- $86,014
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $396,023
- Bonus
- $0
- Other
- $0
- Deferred
- $69,094
- Nontaxable benefits
- $16,920
- Filer's total
- $482,037
-
Reverend Danny CortesREVEREND DANNY CORTES
EXEC. VP/CHIEF OF STAFF
- Total calculated
- $274,293
- From this org
- $256,777
- From related orgs
- $0
- Other
- $17,516
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $256,777
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $17,516
- Filer's total
- $274,293
-
Walter ToliverWALTER TOLIVER
SR. VP/GENERAL COUNCIL
- Total calculated
- $216,655
- From this org
- $194,625
- From related orgs
- $0
- Other
- $22,030
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $194,625
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $22,030
- Filer's total
- $216,655
-
Christine Nieves
Senior Vice President of Devel
- Total calculated
- $156,099
- From this org
- $129,980
- From related orgs
- $0
- Other
- $26,119
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $129,980
- Bonus
- $0
- Other
- $0
- Deferred
- $4,029
- Nontaxable benefits
- $22,090
- Filer's total
- $156,099
-
Martha A Fisher
Legal Counsel
- Total calculated
- $150,605
- From this org
- $131,139
- From related orgs
- $0
- Other
- $19,466
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $131,139
- Bonus
- $0
- Other
- $0
- Deferred
- $3,636
- Nontaxable benefits
- $15,830
- Filer's total
- $150,605
-
William RhodesWILLIAM RHODES
SR. VP, ESPERANZA ARTS CENTER
- Total calculated
- $139,623
- From this org
- $136,826
- From related orgs
- $0
- Other
- $2,797
- Hours/week
- 40
-
Marli D Nascimiento
FACILITIES DIRECTOR
- Total calculated
- $129,667
- From this org
- $117,127
- From related orgs
- $0
- Other
- $12,540
- Hours/week
- 40
-
Judith Torres - LynchJUDITH TORRES - LYNCH
CHAIR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Rev Bonnie CamardaREV BONNIE CAMARDA
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Juan LopezJUAN LOPEZ
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Josue FigueroaJOSUE FIGUEROA
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
William Smith
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Tiffany Taveraz
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Ronald GilgRONALD GILG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Martin Droz
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Tom Caramanico
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Gilbert Alfaro
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Beth Morales SinghBETH MORALES SINGH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$803,000
Capital Campaign
-
HOUSING COUNSELING
-
ESPERANZA IMMIGRATION LEGAL SERVICES
$150,579
Education/Training
-
Housing Counseling
-
Centro Familia Nueva Esperanza
$77,984
HOUSING COUNSELING
-
HOUSING COUNSELING
-
OUR CASAS RESIDENT COUNCIL INC
$37,283
Housing Counseling
-
$33,604
Education
-
HOUSING COUNSELING
-
Housing Counseling
The 10 largest by cash amount. The API serves every itemized grant.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
Nueva Esperanza Housing & Economic Dev
501(C)(3) · ECONOMIC DEV · PA
Directly controlled by NEI Inc
-
Esperanza Academy Charter School
501(C)(3) · SCHOOL · PA
Directly controlled by NA
-
Artistas Y Musicos Latino Americanos
501(C)(3) · ARTS ED. · PA
Directly controlled by NEI Inc
-
Esperanza Immigration Legal Services
501(C)(3) · LEGAL SVCS · PA
Directly controlled by NEI Inc
-
501(C)(2) · ECONOMIC DEV · PA
Directly controlled by NEI Inc
-
501(C)(3) · REAL ESTATE · PA
Directly controlled by NEI Inc
-
Eastern North Philadelphia Workforce Dev
501(C)(3) · Workforce Dev · PA
Directly controlled by NA
-
ESPERANZA CYBER CHARTER SCHOOL
501(C)(3) · SCHOOL · PA
Directly controlled by NA
-
501(c)(2) · REAL ESTATE · PA
Directly controlled by NEI Inc
-
501(C)(4) · SOCIAL WELFAR · PA
Directly controlled by NEI INC
-
ESPERANZA COMMUNITY LAND TRUST
501(C)(3) · CHARITABLE · PA
Directly controlled by NEI INC
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
IMPACTO ADS LLC
NEWSPAPER · PA · income $469,296 · assets $518,630
Directly controlled by NEI INC
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
ROBERTO CLEMENTE HOMES LP
HOUSING · PA
Directly controlled by 3921 CORP
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
3921 CORPORATION
C CORP · HOUSING · PA · 100% owned
Directly controlled by NUEVA ESPERANZA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511339349308691
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.