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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$53.3M
+19.6% YoY
Annual Giving
$1.7M
+259.7% YoY
Grant Count
19
+111.1% YoY
Avg Grant Size
$88K
+70.4% YoY
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 2024. As of 2024, the organization holds $53.3M in total assets. In 2024, it awarded 19 grants totaling $1.7M. Net investment income was $186K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $53,277,636 | $44,544,879 | $25,298,175 |
| Revenue | $14,160,091 | $13,454,615 | $11,856,124 |
| Expenses | $15,667,637 | $13,006,335 | $10,142,179 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $185,885 | $68,076 | $10,291 |
| Distributable Amount | — | — | — |
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 2024
Grant Size Distribution
62 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include 199 Hunting Park Corporation ($803,000), HOUSING and FAMILY SERVICES OF GREATER NEW YORK ($242,040), Esperanza Immigration Legal Services ($150,579).
| Recipient | Purpose | Amount |
|---|---|---|
| Centro Familia Nueva Esperanza Simi Valley, CA | HOUSING COUNSELING | $77,984 |
| NEWSED COMMUNITY DEVELOPMENT CORPORATION INC DENVER, CO | HOUSING COUNSELING | $27,919 |
| Nueva Esperanza Housing and Economic Development PHILADELPHIA, PA | Housing Counseling | $121,377 |
| HOUSING and FAMILY SERVICES OF GREATER NEW YORK BROOKLYN, NY | HOUSING COUNSELING | $242,040 |
| DETROIT HISPANIC DEVELOPMENT CORPORATION DETROIT, MI | HOUSING COUNSELING | $40,622 |
| Housing Foundation of America Inc Pembroke Pines, FL | Housing Counseling | $22,260 |
| 199 Hunting Park Corporation PHILADELPHIA, PA | Capital Campaign | $803,000 |
| GREATER SOUTHWEST DEVELOPMENT CORPORATION CHICAGO, IL | HOUSING COUNSELING | $32,652 |
| OUR CASAS RESIDENT COUNCIL INC San Antonio, TX | Housing Counseling | $37,283 |
| Eastern University St Davids, PA | Education | $33,604 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| REVEREND LUIS CORTES JR | PRESIDENT & CEO | 40 | $396,023 |
| REVEREND DANNY CORTES | EXEC. VP/CHIEF OF STAFF | 40 | $256,777 |
| WALTER TOLIVER | SR. VP/GENERAL COUNCIL | 40 | $194,625 |
| Christine Nieves | Senior Vice President of Devel | 40 | $129,980 |
| Martha A Fisher | Legal Counsel | 40 | $131,139 |
| WILLIAM RHODES | SR. VP, ESPERANZA ARTS CENTER | 40 | $136,826 |
| Marli D Nascimiento | FACILITIES DIRECTOR | 40 | $117,127 |
| JUDITH TORRES - LYNCH | CHAIR | 2 | — |
| REV BONNIE CAMARDA | VICE CHAIR | 2 | — |
| JUAN LOPEZ | TREASURER | 2 | — |
| JOSUE FIGUEROA | SECRETARY | 2 | — |
| William Smith | BOARD MEMBER | 2 | — |
| Tiffany Taveraz | BOARD MEMBER | 2 | — |
| RONALD GILG | BOARD MEMBER | 2 | — |
| Martin Droz | BOARD MEMBER | 2 | — |
| Tom Caramanico | BOARD MEMBER | 2 | — |
| Gilbert Alfaro | BOARD MEMBER | 2 | — |
| BETH MORALES SINGH | BOARD MEMBER | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Nueva Esperanza Inc?
Nueva Esperanza Inc is a nonprofit organization focused on Employment, based in PHILADELPHIA, PA. It holds $53.3M in total assets as of 2024.
How large is Nueva Esperanza Inc?
As of 2024, Nueva Esperanza Inc holds $53.3M in total assets with $14.2M in annual revenue. It awarded 19 grants totaling $1.7M in 2024.
Where does Nueva Esperanza Inc operate?
Nueva Esperanza Inc has awarded grants in California, Colorado, Florida, Georgia, Illinois, Michigan, North Carolina, New York, Pennsylvania, Texas.
What size grants does Nueva Esperanza Inc award?
In 2024, Nueva Esperanza Inc awarded 19 grants totaling $1.7M — an average of about $88K per grant, based on its IRS Form 990 filings.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Nueva Esperanza Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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