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.
Key facts about Nueva Esperanza Inc
In short: Nueva Esperanza Inc gave $361K across 10 grants in 2025 (avg $36K), top state New York. 30% of 2025 grantees were new. Source: 2025 IRS Form 990.
- EIN
- 23-2552707
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $360,786
- Grants made (2025)
- 10
- Average grant
- $36,079
- Median grant
- $25,881
- New grantees (estimate)
- 30% first-time grantees (3 of 10, 2025)
- Total assets
- $56,550,300
- Primary geography
- New York (47% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$56.6M
+6.1% YoY
Annual Giving
$361K
-78.5% YoY
Grant Count
10
-47.4% YoY
Avg Grant Size
$36K
-59.1% YoY
Is Nueva Esperanza Inc open to new grantees?
30%
first-time grantees, 2025
In 2025, 3 of 10 grantees (30%) were first-time recipients. First grants averaged $11K; repeat grants $47K. How we count
Medians: $9K first-time, $35K repeat.
- 60% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (−14%). Method
Estimate from itemized grant lists in IRS Form 990 filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
About Nueva Esperanza Inc
Based on IRS filings
Nueva Esperanza Inc is a nonprofit organization focused on Employment, based in Philadelphia, PA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $56.6M in total assets. In 2025, it awarded 10 grants totaling $361K. Net investment income was $218K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 10 itemized 2025 grant dollars.
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
56 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| HOUSING AND FAMILY SERVICES OF GREATER NEW YORK IN Brooklyn, NY | Housing Counseling | $141,862 |
| Centro Familia Nueva Esperanza Simi Valley, CA | HOUSING COUNSELING | $51,480 |
| Detroit Hispanic Development Corporation Detroit, MI | Housing Counseling | $39,047 |
| Our Casas Resident Council Inc San Antonio, TX | Housing Counseling | $34,718 |
| GREATER SOUTHWEST DEVELOPMENT CORPORATION Chicago, IL | HOUSING COUNSELING | $30,781 |
| Sandhills Community Action Program Inc Southern Pines, NC | HOUSING COUNSELING | $20,981 |
| Housing Help Inc Greenlawn, NY | Housing Counseling | $17,734 |
| Keystone Community Development Corporation Deer Park, TX | Housing Counseling | $9,974 |
| Strycker's Bay Neighborhood Council Inc New york, NY | HOUSING COUNSELING | $8,709 |
| Maria Child Care LLC Philadelphia, PA | Early Childhood Education | $5,500 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $56,550,300 | $53,277,636 | $44,544,879 |
| Revenue | $18,047,181 | $14,160,091 | $13,454,615 |
| Expenses | $16,723,518 | $15,667,637 | $13,006,335 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $218,023 | $185,885 | $68,076 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Nueva Esperanza Inc is led by Reverend Luis Cortes Jr., President & CEO on filings since 2020; 7 of 20 officers listed in 2025 are compensated.
Officers on the 2025 filing
Reverend Luis Cortes Jr.
President & CEO
On filings since 2020
40 hrs/week
$293K (2020) → $396K (2025)
Reverend Bonnie Camarda
Chair
Board Vice Chair → Chair, 2025
On filings since 2020
2 hrs/week
No compensation reported
Reverend Danny Cortes
Executive Vice President
Executive Vice President → Executive Vice President & Chief of Staff, 2021
Executive Vice President & Chief of Staff → Executive Vice President, 2025
On filings since 2020
40 hrs/week
$128K (2020) → $275K (2025)
Walter Toliver
Executive Vice President & General Counsel
Senior Vice President & General Council → Executive Vice President & General Counsel, 2025
On filings since 2020
40 hrs/week
$148K (2020) → $201K (2025)
William R. Rhoads
Senior Vice President of Arts Center
Senior Vice President → Senior Vice President & Esperanza Arts Center, 2023
Senior Vice President & Esperanza Arts Center → Senior Vice President of Arts Center, 2025
On filings since 2020
40 hrs/week
$115K (2020) → $144K (2025)
Christine Nieves
Senior Vice President of Development
On filings since 2024
40 hrs/week
$130K (2024) → $139K (2025)
Marli D Nascimiento
Senior Vice President of Facilities
Facilities Director → Senior Vice President of Facilities, 2025
On filings since 2024
40 hrs/week
$117K (2024) → $121K (2025)
Matthew M Lentz
Chief Financial Officer
New on the 2025 filing
40 hrs/week
$233K (2025)
Josue Figueroa
Board Member
Board Member → Secretary, 2024
Secretary → Board Member, 2025
On filings since 2020
2 hrs/week
No compensation reported
Juan Lopez
Treasurer
Treasurer → Treasurer - Member, 2022
Treasurer - Member → Treasurer, 2024
On filings since 2020
2 hrs/week
No compensation reported
Ronald Gilg
Board Member
On filings since 2020
2 hrs/week
No compensation reported
Tiffany Taveraz
Board Member
On filings since 2020
2 hrs/week
No compensation reported
Tom Caramanico
Board Member
On filings since 2020
2 hrs/week
No compensation reported
William Bill Smith
Board Member
On filings since 2020
2 hrs/week
No compensation reported
Beth Morales Singh
Secretary
Secretary - Member → Board Member, 2024
Board Member → Secretary, 2025
On filings since 2021
2 hrs/week
No compensation reported
Martin Droz
Vice Chair
Board Member → Vice Chair, 2025
On filings since 2021
2 hrs/week
No compensation reported
Gilbert Alfaro
Board Member
On filings since 2023
2 hrs/week
No compensation reported
Anthony A Rosado
Board Member
New on the 2025 filing
2 hrs/week
No compensation reported
Carolina Cabrera DiGiorgio
Board Member
New on the 2025 filing
2 hrs/week
No compensation reported
Diana Cortes
Board Member
New on the 2025 filing
2 hrs/week
No compensation reported
Former officers (17)
- Former: Judith Torres - Lynch (2020–2024) — Chair
- Former: Bonnie Camarda (2022–2024) — Vice Chair
- Former: William Rhodes (2022–2024) — Senior Vice President & Esperanza Arts Center
- Former: Martha A Fisher (2024) — Legal Counsel
- Former: Marilyn Marsh (2022–2023) — Executive Dean of Esperanza College
- Former: Tiffany Tavarez (2022–2023) — Board Member
- Former: Rinku Modi (2023) — Chief Financial Officer
- Former: Jennifer I. Rodriguez (2020–2022) — Board Member
- Former: Senator Art Haywood (2021–2022) — Board Member
- Former: Danny Cortes (2022) — Executive Vice President & Chief of Staff
- Former: Ernest Flores (2022) — Board Member
- Former: The Rev Luis A. Cortes Jr. (2022) — President & CEO
- Former: Reverend Ernest Flores (2020–2021) — Board Member
- Former: Andrew Laskowski (2021) — Senior Vice President of Finance
- Former: Dario Bellot (2020) — Board Treasurer
- Former: Earline Williams (2020) — Former Senior Vice President of Finance
- Former: Thomas Ridington (2020) — Senior Vice President Institutional Advancemen
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
Frequently asked questions about Nueva Esperanza Inc
How much does Nueva Esperanza Inc give each year?
Nueva Esperanza Inc gave $361K across 10 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $1.7M across 19 grants.
What is Nueva Esperanza Inc's typical grant size?
Nueva Esperanza Inc's median grant in 2025 was $25,881, and its average grant was $36,079, across 10 grants on its 2025 IRS Form 990. Organizations receiving their first grant from Nueva Esperanza Inc that year got $11K on average.
Where does Nueva Esperanza Inc give grants?
Nueva Esperanza Inc's top state is New York, with 47% of the grant dollars itemized on its 2025 IRS Form 990. The next largest states were California (14%) and Texas (12%).
Does Nueva Esperanza Inc give general operating support?
Not in 2025: none of the 10 grants with a stated purpose on Nueva Esperanza Inc's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Housing Counseling" (9 grants).
Who are Nueva Esperanza Inc's largest grantees?
Nueva Esperanza Inc's largest 2025 grantees include Housing and Family Services of Greater New York IN ($141,862), Centro Familia Nueva Esperanza ($51,480) and Detroit Hispanic Development Corporation ($39,047), according to its 2025 IRS Form 990. Together they received 64% of its itemized 2025 grant dollars.
How large is Nueva Esperanza Inc?
Nueva Esperanza Inc reported $56.6M in total assets on its 2025 IRS Form 990. Its revenue that year was $18.0M.
What is Nueva Esperanza Inc?
Nueva Esperanza Inc is a nonprofit organization focused on Employment, based in Philadelphia, PA. It holds $56.6M in total assets as of 2025.
What is Nueva Esperanza Inc's EIN?
Nueva Esperanza Inc's EIN (Employer Identification Number) is 23-2552707. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Nueva Esperanza Inc by hand.
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