Nueva Esperanza Inc
Nueva Esperanza Inc is a Philadelphia, Pennsylvania–based public charity. Its work includes local community development and education, as well as national initiatives supporting Hispanic faith and community organizations; its 2025 filing also reports grants to organizations in multiple states.
Nueva Esperanza Inc at a glance
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.
- Annual giving (2025)
- $360,786
- -78.5% vs 2024
- Grants made (2025)
- 10
- -47.4% vs 2024
- Average grant
- $36,079
- -59.1% vs 2024
- Median grant
- $25,881
- Total assets
- $56,550,300
- +6.1% vs 2024
- New grantees (estimate)
- 30% first-time grantees (3 of 10, 2025; small sample)
- Primary geography
- New York (47% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Nueva Esperanza Inc
- How to Apply
-
The Hispanic Ministry Small Grant Fund accepts proposals on a rolling basis through its online application process.
- Review Cycle
- No application deadline is stated. The listed application cycle opening date, March 1, 2025, is past.
- Deadline
- No application deadline is stated.
- Contact
Mailing address: 4261 North 5Th Street, Philadelphia, PA 19140
Phone: (215) 324-0746
Website: https://esperanza.us
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Nueva Esperanza Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Housing and Family Services of Greater New York IN ($142K). Together the top 10 received $361K.
Grant Size Distribution
56 grants across all recorded years
The most common grant size was under $50K: 40 grants of 56 (71%).
Geographic Focus
Where this funder awards grants
The organization’s website describes its community work as centered in Hunting Park and North Philadelphia. The Hispanic Ministry Small Grant Fund is limited to churches serving Philadelphia County. Its housing counseling work is national: the website describes a network of nonprofit counseling agencies across the country, and 2025 grants went to recipients in New York, California, Texas, Michigan, Illinois, North Carolina, and Pennsylvania. New York accounted for 47% of 2025 grant dollars, California 14%, Texas 12%, Michigan 11%, and Illinois 9%.
Grant Distribution by State
Share of 2025 grant dollars across all 10 itemized grants.
Cities
Is Nueva Esperanza Inc open to new grantees?
30%
first-time grantees, 2025
In 2025, 3 of 10 grantees (30%) were first-time recipients. With only 10 grantees, that is a small sample: one grantee more or less moves the share by about 10 points. 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $361K (2025) to $1.7M (2024). In 2025 it made 10 grants totaling $361K.
Grants by year
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 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $56,550,300 | $18,047,181 | $16,723,518 | $360,786 | 10 | $218,023 |
| 2024 | $53,277,636 | $14,160,091 | $15,667,637 | $1,675,300 | 19 | $185,885 |
| 2023 | $44,544,879 | $13,454,615 | $13,006,335 | $465,702 | 9 | $68,076 |
| 2022 | $25,298,175 | $11,856,124 | $10,142,179 | $417,915 | 8 | $10,291 |
| 2021 | $22,032,264 | $12,218,705 | $8,471,132 | $498,191 | 10 | $5,220 |
| 2020 | $17,535,597 | $10,961,159 | $8,664,252 | $642,032 | 16 | $3,874 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
In its 2024 filing, the organization said its original mission was to support North Philadelphia’s Hispanic community through community development. It described later work spanning local community development, educational institutions, advocacy, and capacity building through a national network.
The Esperanza Hispanic Ministry Small Grant Fund supports Latino/Hispanic churches and church leadership in Philadelphia County. Eligible projects focus on church leadership development, youth ministry, collaboration with other churches, or service to the Latino/Hispanic community. The fund describes its intended applicants as Hispanic-serving churches, including churches with budgets of $500,000 or less that serve Philadelphia County and are open to collaboration.
The organization also supports housing counseling through a national affiliate network. Its website says participating organizations must be 501(c)(3) nonprofits in good standing with their state, have administered a housing counseling program for at least one year, have a counselor who passed the HUD Housing Counselor Certification Exam before applying, and have sufficient resources for the proposed plan.
Among 2025 grantees, Detroit Hispanic Development Corporation describes its mission as creating opportunities for youth and families, primarily in Southwest Detroit. Our Casas Resident Council says it helps low-income families move toward self-sufficiency, employment, and home ownership. Greater Southwest Development Corporation describes work to sustain and improve the Greater Southwest Chicago community. Sandhills Community Action Program says it provides support to economically disadvantaged, disabled, and elderly people in several North Carolina counties. Housing Help Inc describes affordable housing services, including counseling and development. Strycker’s Bay Neighborhood Council describes youth and family programming, senior services, and eviction prevention and tenants’ rights work.
Grantmaking
In filing year 2025, Nueva Esperanza reported 10 grants totaling $360,786. Grants ranged from $5,500 to $141,862, with a median of $25,881. All ten listed grants were for housing counseling except a $5,500 grant for early childhood education.
The largest reported grants were $141,862 to Housing and Family Services of Greater New York Inc. for housing counseling; $51,480 to Centro Familia Nueva Esperanza for housing counseling; $39,047 to Detroit Hispanic Development Corporation for housing counseling; $34,718 to Our Casas Resident Council Inc. for housing counseling; and $30,781 to Greater Southwest Development Corporation for housing counseling.
For the Hispanic Ministry Small Grant Fund, the website says proposals are accepted on a rolling basis and applicants may receive no more than one award per fiscal year. The listed application process is online. For housing counseling network applicants, the website provides the eligibility requirements described above and says network organizations may qualify for HUD and other national funds.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Reverend Luis Cortes Jr. as President and CEO; Reverend Danny Cortes as Executive Vice President; Matthew M. Lentz as Chief Financial Officer; Walter Toliver as Executive Vice President and General Counsel; William Rhoads as Senior Vice President of the Arts Center; Christine Nieves as Senior Vice President of Development; and Marli D. Nascimiento as Senior Vice President of Facilities. It also lists William Smith, Tiffany Taveraz, and Ronald Gilg as board members.
The 2024 filing states that Executive Vice President Reverend Danny Cortes has a family relationship with President Reverend Luis Cortes. It also says officers and board members are reviewed and monitored annually.
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
The highest reported compensation on the 2025 filing was $396K, to Reverend Luis Cortes JR (President & CEO). 7 officers or directors reported compensation on that 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 does Nueva Esperanza Inc fund?
In its 2024 filing, the organization said its original mission was to support North Philadelphia’s Hispanic community through community development. It described later work spanning local community development, educational institutions, advocacy, and capacity building through a national network. See mission & focus areas ↑
How do I apply for a grant from Nueva Esperanza Inc?
The Hispanic Ministry Small Grant Fund accepts proposals on a rolling basis through its online application process. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS May 17, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 11, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 13, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 8, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 13, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Nueva Esperanza Inc funds
Employment Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Nueva Esperanza Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Nueva Esperanza Inc funder profile. GrantGraph. Retrieved October 19, 2026, from https://grantable.co/funders/nueva-esperanza-inc-morg_ad9c178af7cd43878dbb099af27a9537
BibTeX
@misc{grantable_232552707_2026,
author = {{Grantable}},
title = {{Nueva Esperanza Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/nueva-esperanza-inc-morg_ad9c178af7cd43878dbb099af27a9537},
note = {Accessed 2026-10-19. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Nueva Esperanza Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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