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Organizations Housing & Shelter Nueva Esperanza Housing and Economic Development Corporation

Nueva Esperanza Housing and Economic Development Corporation

Fiscal year ending 2024. Filed on May 12, 2025.

4261 North 5th Street
Philadelphia, Pennsylvania 19140

Nueva Esperanza Housing and Economic Development Corporation (EIN: 23-2952060) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Nueva Esperanza Housing and Economic Development Corporation, a 501(c)(3) charitable organization, reported compensation for 2 employees. Among the employees shown here, the average compensation is $245,474. The highest compensated employee at Nueva Esperanza Housing and Economic Development Corporation is Rev Danny Cortes with fiscal year 2024 compensation of $274,293.

Revenue, expenses, and employee compensation

Revenue

$1,114,819

Expenses

$1,271,022

Employee compensation

$864,005
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Rev Danny Cortes
Board Treasurer
$274,293
$0 $256,777 $17,516
Walter Toliver
Board Member
$216,655
$0 $194,625 $22,030

Benchmark Employee Compensation

Non-Employee Board Members

Carlos Ramos
Board Member
Catalina Hunter
Board Member
Enrique Magana
Board Member
Pastor Matt Lin
Board Member
Victor D Figueroa
Board Member

Mission Statement

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.

Revisions to this organization profile

May 12, 2025:
2024 Nueva Esperanza Housing and Economic Development Corporation 990 filed
May 2, 2024:
2023 Nueva Esperanza Housing and Economic Development Corporation 990 filed
May 14, 2023:
2022 Nueva Esperanza Housing and Economic Development Corporation 990 filed

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