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← NUEVA ESPERANZA HOUSING AND ECONOMIC DEVELOPMENT

Form 990 for tax year 2022

Filed by NUEVA ESPERANZA HOUSING AND ECONOMIC DEVELOPMENT.

Totals

Total revenue
$1,275,122
Total expenses
$1,054,468
Contributions and grants received
$1,193,164
Grants paid
$0
Program service revenue
$81,918
Investment income
$0
Other revenue
$40
Total assets, end of year
$4,941,252
Total liabilities, end of year
$3,143,763
Net assets or fund balances, end of year
$1,797,489
Program services expenses (Part IX)
$1,003,943
Management and general expenses
$50,525
Fundraising expenses
$0
Program service expenses (Part III)
$1,003,943

Program services were 95.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • REV DANNY CORTES

    BOARD TREASURER

    Total calculated
    $288,123
    From this org
    $0
    From related orgs
    $237,897
    Other
    $50,226
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $237,897 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $29,144 related
    Nontaxable benefits
    $0 + $21,082 related
    Filer's total
    $0 + $288,123 related

  • WALTER TOLIVER

    BOARD MEMBER

    Total calculated
    $210,297
    From this org
    $0
    From related orgs
    $183,327
    Other
    $26,970
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $183,327 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $26,970 related
    Filer's total
    $0 + $210,297 related

  • CATALINA HUNTER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Pastor MATT LIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • VICTOR D FIGUEROA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ENRIQUE MAGANA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • CARLOS RAMOS

    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

None.

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

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3
COMPENSATION OF OFFICERS IS DETERMINED BY RELATED PARTY, NUEVA ESPERANZA, INC. THROUGH THE USE OF FORM 990S OF COMPARABLE ORGANIZATIONS, COMPENSATION SURVEYS AND APPROVAL BY BOARD.

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

No itemized grants to organizations on this return.

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.

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
13 September 2023
IRS schema version
2022v5.0
Source object
202401229349302870

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