Nonprofit · EIN 23-2552707
NUEVA ESPERANZA
Tax-exempt · PHILADELPHIA, PA 19140
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $18,047,181 | $16,723,518 | $1,323,663 | $56,550,300 | $40,233,612 | $16,316,688 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $8,087,465
- of which government grants
- $3,127,800
- Program service revenue
- $8,608,862
- Investment income
- $218,023
- Other revenue
- $1,132,831
Expenses
- Grants and similar amounts paid
- $1,264,937
- Compensation of officers, directors and key employees
- $892,884
- Other salaries and wages
- $5,208,132
- Salaries, compensation and benefits (total)
- $7,590,496
- Professional fundraising fees
- $0
- Legal fees
- $8,071
- Accounting fees
- $285,876
- Occupancy
- $1,936,977
- Travel
- $60,805
- Depreciation
- $93,076
- Program services (functional)
- $8,586,982
- Management and general (functional)
- $7,536,457
- Fundraising (functional)
- $600,079
Balance sheet and other
- Total assets, start of year
- $53,277,636
- Total assets, end of year
- $56,550,300
- Total liabilities, end of year
- $40,233,612
- Net assets, end of year
- $16,316,688
- Land, buildings and equipment
- $1,443,605
- Net assets without donor restrictions
- $9,519,493
- Net assets with donor restrictions
- $6,797,195
- Gross receipts
- $18,047,181
- Employees
- 142
- Volunteers
- 13
- Year formed
- 1988
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Reverend Luis Cortes JR | President & CEO Trustee or director, Officer | 40 | $396,023 | $88,269 |
| Reverend Danny Cortes | Executive Vice President Officer | 40 | $275,432 | $19,688 |
| Matthew M Lentz | Chief Financial Officer Highest-paid employee | 40 | $233,354 | $6,324 |
| Walter Toliver | Executive VP & General counsel Highest-paid employee | 40 | $201,320 | $24,815 |
| William Rhoads | SR. VP of Arts center Highest-paid employee | 40 | $144,255 | $27,612 |
| Christine Nieves | SR. VP of development Highest-paid employee | 40 | $138,749 | $28,904 |
| Marli D Nascimiento | SR. vp of facilities Highest-paid employee | 40 | $121,123 | $3,397 |
| William Smith | Board Member Trustee or director | 2 | $0 | $0 |
| Tiffany Taveraz | Board Member Trustee or director | 2 | $0 | $0 |
| Ronald Gilg | Board Member Trustee or director | 2 | $0 | $0 |
| Martin Droz | Vice-Chair Trustee or director, Officer | 2 | $0 | $0 |
| Tom Caramanico | Board Member Trustee or director | 2 | $0 | $0 |
| Gilbert Alfaro | Board Member Trustee or director | 2 | $0 | $0 |
| Beth Morales Singh | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Josue Figueroa | Board Member Trustee or director | 2 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Juan Lopez | Treasurer Trustee or director, Officer | 2 | $0 |
| Reverend Bonnie Camarda | Chair Trustee or director, Officer | 2 | $0 |
| Carolina Cabrera DiGiorgio | Board Member Trustee or director | 2 | $0 |
| Diana Cortes | Board Member Trustee or director | 2 | $0 |
| Anthony A Rosado | Board Member Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 4261 N 5TH ST, PHILADELPHIA, PA 19140-2615
- In care of
- % ARTEMIO RODRIGUEZ
- Principal officer (990 for 2024)
- LUIS CORTES JR, 4261 North 5th Street, Philadelphia, PA 19140
- Signed the 990
- LUIS CORTES JR, PRESIDENT & CEO
- Phone
- (215) 324-0746
- Return prepared by
- WITHUMSMITHBROWN PC
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.
Program accomplishments
- 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 $5,516,756 · revenue $2,758,381
- 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 $1,835,724 · grants $1,264,937 · revenue $5,353,855
- IMPACTO ADS - ESPERANZA PROVIDES THE HISPANIC COMMUNITY WITH RELEVANT INFORMATION AND CONTENT TO PROMOTE COMMUNITY CULTURAL, EDUCATIONAL, AND ECONOMIC GROWTH.Expenses $580,469 · revenue $496,626
- EMPLOYEE TRAININGExpenses $333,317
- Housing & Economic impactExpenses $320,716
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-2552707
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1989
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Employment (J220)
- Assets (IRS master file)
- $56,550,300
- Income (IRS master file)
- $18,047,181
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990 | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $13,454,615 | $13,006,335 | $44,544,879 | IRS |
| 990 | June 2022 | $11,856,124 | $10,142,179 | $25,298,175 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about NUEVA ESPERANZA
- What is the EIN of NUEVA ESPERANZA?
- The employer identification number (EIN) of NUEVA ESPERANZA is 23-2552707.
- Is NUEVA ESPERANZA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to NUEVA ESPERANZA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NUEVA ESPERANZA file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NUEVA ESPERANZA due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NUEVA ESPERANZA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NUEVA ESPERANZA?
- The 990 for the year ended June 30, 2025 names LUIS CORTES JR.
- Who are the officers and directors of NUEVA ESPERANZA?
- The 990 for the year ended June 30, 2025 lists 20 people; 7 received compensation from the organization, the highest $396,023 (Reverend Luis Cortes JR, President & CEO).
- How much revenue does NUEVA ESPERANZA have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $18,047,181, expenses of $16,723,518 and total assets of $56,550,300 at year end.
Other nonprofits in PHILADELPHIA
- PHILADELPHIA WORKS INC EIN 23-3048942 · last filed 990 for 2025
- EASTERN ATLANTIC STATES CARPENTERS TECHNICAL COLLEGE EIN 23-1518467 · last filed 990 for 2025
- IMPACT SERVICES CORP EIN 23-2087348 · last filed 990 for 2025
- WORKERS UNITED EIN 26-4459382 · last filed 990 for 2024
- COMMUNITY INTEGRATED SERVICES EIN 23-2648381 · last filed 990 for 2025
- INTERNATIONAL ASSOCIATION OF SHEET METAL AIR RAIL & TRANSPORTATION EIN 23-1077755 · last filed 990 for 2025
- SPARC SERVICES EIN 23-2593714 · last filed 990 for 2025
- PROGRAMS EMPLOYING PEOPLE EIN 23-7118847 · last filed 990 for 2025