Nonprofit · EIN 23-2952060
NUEVA ESPERANZA HOUSING AND ECONOMIC DEVELOPMENT
Tax-exempt · PHILADELPHIA, PA 19140
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,260,774 | $1,159,738 | $101,036 | $5,846,979 | $4,267,032 | $1,579,947 |
| June 30, 2024 | 990 | $1,114,819 | $1,271,022 | -$156,203 | $5,070,168 | $3,428,882 | $1,641,286 |
| June 30, 2023 | 990 | $1,275,122 | $1,054,468 | $220,654 | $4,941,252 | $3,143,763 | $1,797,489 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,204,559
- of which government grants
- $618,983
- Program service revenue
- $38,665
- Investment income
- $0
- Other revenue
- $17,550
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $609,410
- Salaries, compensation and benefits (total)
- $786,570
- Professional fundraising fees
- $0
- Accounting fees
- $728
- Occupancy
- $24,718
- Travel
- $10,679
- Depreciation
- $12,514
- Program services (functional)
- $1,069,116
- Management and general (functional)
- $90,622
Balance sheet and other
- Total assets, start of year
- $5,070,168
- Total assets, end of year
- $5,846,979
- Total liabilities, end of year
- $4,267,032
- Net assets, end of year
- $1,579,947
- Land, buildings and equipment
- $321,156
- Net assets without donor restrictions
- $1,114,221
- Net assets with donor restrictions
- $465,726
- Gross receipts
- $1,260,774
- Employees
- 0
- Volunteers
- 5
- Year formed
- 1998
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| REV DANNY CORTES | BOARD TREASURER Trustee or director, Officer | 2 | $0 | $256,777 | $17,516 |
| WALTER TOLIVER | BOARD MEMBER Trustee or director | 2 | $0 | $194,625 | $22,030 |
| VICTOR FIGUEROA | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| CATALINA HUNTER | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| Pastor MATT LIN | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| ENRIQUE MAGANA | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| CARLOS RAMOS | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| REV DANNY CORTES | BOARD TREASURER Trustee or director, Officer | 2 | $0 | $256,777 | $17,516 |
| WALTER TOLIVER | BOARD MEMBER Trustee or director | 2 | $0 | $194,625 | $22,030 |
| CATALINA HUNTER | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| Pastor MATT LIN | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| VICTOR D FIGUEROA | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| ENRIQUE MAGANA | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| CARLOS RAMOS | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| REV DANNY CORTES | BOARD TREASURER Trustee or director, Officer | 2 | $0 | $237,897 | $50,226 |
| WALTER TOLIVER | BOARD MEMBER Trustee or director | 2 | $0 | $183,327 | $26,970 |
| CATALINA HUNTER | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| Pastor MATT LIN | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| VICTOR D FIGUEROA | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| ENRIQUE MAGANA | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| CARLOS RAMOS | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $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)
- ARTEMIO RODRIGUEZ, 4261 North 5th Street, Philadelphia, PA 19140
- Signed the 990
- ARTEMIO RODRIGUEZ, Controller
- Phone
- (215) 324-0746
- Return prepared by
- WITHUMSMITHBROWN PC
Mission
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.
Program accomplishments
- 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.Expenses $1,069,116 · revenue $38,665
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
- 23-2952060
- 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
- 1999
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $5,846,979
- Income (IRS master file)
- $1,260,774
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,260,774 | $1,159,738 | $5,846,979 | IRS |
| 990 | June 2024 | $1,114,819 | $1,271,022 | $5,070,168 | IRS |
| 990 | June 2023 | $1,275,122 | $1,054,468 | $4,941,252 | XML |
| 990 | June 2022 | $1,212,448 | $870,723 | $3,759,474 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 23-2952060).
Questions about NUEVA ESPERANZA HOUSING AND ECONOMIC DEVELOPMENT
- What is the EIN of NUEVA ESPERANZA HOUSING AND ECONOMIC DEVELOPMENT?
- The employer identification number (EIN) of NUEVA ESPERANZA HOUSING AND ECONOMIC DEVELOPMENT is 23-2952060.
- Is NUEVA ESPERANZA HOUSING AND ECONOMIC DEVELOPMENT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to NUEVA ESPERANZA HOUSING AND ECONOMIC DEVELOPMENT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NUEVA ESPERANZA HOUSING AND ECONOMIC DEVELOPMENT 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 HOUSING AND ECONOMIC DEVELOPMENT 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 HOUSING AND ECONOMIC DEVELOPMENT 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 HOUSING AND ECONOMIC DEVELOPMENT?
- The 990 for the year ended June 30, 2025 names ARTEMIO RODRIGUEZ.
- Who are the officers and directors of NUEVA ESPERANZA HOUSING AND ECONOMIC DEVELOPMENT?
- The 990 for the year ended June 30, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does NUEVA ESPERANZA HOUSING AND ECONOMIC DEVELOPMENT have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,260,774, expenses of $1,159,738 and total assets of $5,846,979 at year end.
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