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Nueva Esperanza Housing And Economic Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 232952060 ✦ Philadelphia, PA ✦ Designated as a 501(c)(3)

Overview

What is Nueva Esperanza Housing And Economic Development Corporation?

Nueva Esperanza Housing and Economic Development Corporation, based in North Philadelphia, Pennsylvania, is a nonprofit organization primarily focused on serving the Hispanic community. Its primary objective is to enhance the physical, economic, and social environment within the area bounded by Roosevelt Boulevard, 9th Street, Erie Avenue, and Front Street in Philadelphia. To achieve this, the corporation addresses the needs of low-income individuals, particularly in providing housing options, through rental and ownership programs. The organization also engages in community economic development activities on a not-for-profit and charitable basis. Its mission is to transform Hunting Park into a vibrant destination and model neighborhood by empowering its community, fostering engagement, promoting development, and enhancing education.


Is Nueva Esperanza Housing And Economic Development Corporation legitimate?

Nueva Esperanza Housing And Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nueva Esperanza Housing And Economic Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $110,003
Professional Fundraising Fees: $0
Other Salaries and Wages: $343,322

For more financial information, click here


What is the mission statement of Nueva Esperanza Housing And Economic Development Corporation?
Who is the CEO of Nueva Esperanza Housing And Economic Development Corporation?
What is the revenue of Nueva Esperanza Housing And Economic Development Corporation?
Who are the executives of Nueva Esperanza Housing And Economic Development Corporation and what are their salaries?
Where can I find the form 990 for Nueva Esperanza Housing And Economic Development Corporation?

Mission Statement of Nueva Esperanza Housing And Economic Development Corporation

Nueva Esperanza Housing and Economic Development Corporation, a non-profit organization, is dedicated to improving the living conditions of lower-income individuals in its community. With a primary focus on the Hispanic population of North Philadelphia, the corporation aims to enhance the physical, economic, and social environment within a specified area. To achieve this, Nueva Esperanza engages in various activities, including the provision of affordable housing options through rental and homeownership programs. Their mission extends beyond physical improvement, as they are also committed to fostering community engagement, economic development, and education within the area. By empowering its people and addressing their needs, the organization strives to transform the neighborhood of Hunting Park into a model community, improving the quality of life for its residents.

Impact

This information is meant to be a general summary of Nueva Esperanza Housing And Economic Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Nueva Esperanza Housing And Economic Development Corporation plays a vital role in providing quality housing to lower-income individuals through rental and homeownership programs. Additionally, it is dedicated to improving the physical, economic, and social environment of the Hispanic community in North Philadelphia. The organization's mission is to empower the residents of Hunting Park, foster community engagement, drive economic and physical development, and enhance education opportunities. Through its efforts, Nueva Esperanza is transforming Hunting Park into a thriving neighborhood and a model community, making a significant impact on the lives of those it serves.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $68,428
  • Gross Receipts: $1,212,448

    • Assets and Liabilities:
  • Total Assets: $3,759,474
  • Total Liabilities: $1,392,353
  • Net Assets: $2,367,121
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTAL INCOME

    Revenue

    $68,428

    Organization Details

    Founding Year

    1998

    Principal Officer

    Artemio Rodriguez

    Main Address

    4261 North 5th Street, Philadelphia, PA, 19140

    NTEE Category

    Code: L20 - Housing

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