2024-05-01T19:12:36-05:00 2023-06-30 WITHUMSMITHBROWN PC 1835 MARKET STREET SUITE 1710 PHILADELPHIA PA 191032945 990 2022-07-01 232952060 Nueva Esperanza Housing and Economic Development Corporation % ARTEMIO RODRIGUEZ NUEV 2153240746 4261 North 5th Street Philadelphia PA 19140 ARTEMIO RODRIGUEZ Controller 2153240746 2023-09-13 true ARTEMIO RODRIGUEZ 999009999 ERIC M STRAUSS P00991844 2155462140 2 2022 2023-04-26 12:10:37Z ARTEMIO RODRIGUEZ 4261 North 5th Street Philadelphia PA 19140 1275122 false X N/A X 1998 PA BUILDS, REHABILITATES AND IMPROVES FACILITIES TO MAKE QUALITY HOUSING AVAILABLE TO LOWER INCOME PERSONS THROUGH RENTAL/HOMEOWNERSHIP PROGRAMS AND COMMUNITY ECONOMIC DEV. 7 5 0 5 0 1142478 1193164 68428 81918 0 0 1542 40 1212448 1275122 0 0 0 0 546573 765625 0 0 0 324150 288843 870723 1054468 341725 220654 3759474 4941252 1392353 3143763 2367121 1797489 X 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. false false 1003943 81958 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. 1003943 true true false false false false false false false false true false false true true true true true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false false false X 7 5 true true false false false false false true true false false true true true true true true false false false PA X ARTEMIO RODRIGUEZ 2153240746 4261 NORTH 5TH STREET PHILADELPHIA PA 19140 REV DANNY CORTES BOARD TREASURER 2.0 38.0 X X 0 237897 50226 WALTER TOLIVER BOARD MEMBER 2.0 38.0 X 0 183327 26970 CATALINA HUNTER BOARD MEMBER 2.0 0.0 X 0 0 0 Pastor MATT LIN BOARD MEMBER 2.0 0.0 X 0 0 0 VICTOR D FIGUEROA BOARD MEMBER 2.0 0.0 X 0 0 0 ENRIQUE MAGANA BOARD MEMBER 2.0 0.0 X 0 0 0 CARLOS RAMOS BOARD MEMBER 2.0 0.0 X 0 0 0 0 421224 77196 false true false 0 47710 404764 740690 1193164 RENTAL INCOME 531110 81918 81918 81918 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MISCELLANEOUS INCOME 900099 40 40 40 1275122 81958 0 0 0 0 0 0 619186 619186 7966 7966 88165 88165 50308 50308 50525 50525 0 520 520 0 0 0 13714 13714 12223 12223 23391 23391 0 0 61261 61261 9339 9339 0 2106 2106 0 0 28033 28033 59741 59741 PROGRAM COSTS 27990 27990 1054468 1003943 50525 0 X 2015306 2288830 0 0 143216 237297 105868 147519 0 0 0 0 0 0 0 0 3801 7709 1084925 375958 727100 708967 0 0 0 0 0 0 0 0 764183 1550930 3759474 4941252 18069 5290 0 0 1964 793459 0 0 0 0 0 0 0 0 0 0 1372320 2345014 1392353 3143763 X 1215406 1259905 1151715 537584 2367121 1797489 3759474 4941252 220654 -790286 X false true X true false X 626786 621137 1259000 1142478 1193164 4842565 0 0 626786 621137 1259000 1142478 1193164 4842565 0 4842565 0 0 8331 90 17195 1542 40 27198 4869763 594875 0.99442 0.99340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 56996 56996 1027929 375958 651971 708967 DUE FROM AFFILIATES 1550930 1550930 0 DUE TO AFFILIATES 2336839 ESCROW DEPOSITS 8175 2345014 X 1275122 1275122 1275122 1054468 1054468 1054468 SCHEDULE D, PART X, LINE 2 NUEVA ESPERANZA HOUSING AND ECONOMIC DEVELOPMENT CORPORATION (NEHED)is exempt from federal income taxes under Section 501(c)(3) of the internal Revenue Service Code. Accordingly, the financial statements do not reflect a provision for federal income taxes. NEHED adopted the pronouncement related to income taxes effective July 1, 2009 and there were no uncertain tax positions at the date of adoption or at June 30, 2023. In addition, NEHED had no income tax related penalties or interest for the years reported in these financial statements. false false false false false false false false false REV DANNY CORTES BOARD TREASURER 0 237897 0 0 0 0 0 29144 0 21082 0 288123 0 0 WALTER TOLIVER BOARD MEMBER 0 183327 0 0 0 0 0 0 0 26970 0 210297 0 0 SCHEDULE J, PART I, LINE 3 COMPENSATION OF OFFICERS IS DETERMINED BY RELATED PARTY, NUEVA ESPERANZA, INC. THROUGH THE USE OF FORM 990S OF COMPARABLE ORGANIZATIONS, COMPENSATION SURVEYS AND APPROVAL BY BOARD. FORM 990, PART VI, SECTION A, QUESTION 2 THE BOARD CHAIRPERSON OF THE ORGANIZATION (LUIS CORTES) HAS A FAMILY RELATIONSHIP WITH THE BOARD TREASURER (DANNY CORTES). FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEWS THE FORM 990. IT IS DISTRIBUTED TO THE BOARD AT LEAST 10 DAYS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND OFFICERS ARE REVIEWED AND MONITORED ON AN ANNUAL BASIS - DUE TO THE LIMITED NUMBER OF BOARD MEMBERS AND OFFICERS THESE ACTIVITIES CAN CURRENTLY BE MONITORED AND EVALUATED ON SPECIFIC CASE BY CASE BASIS. FORM 990, PART VI, SECTION C, LINE 19 ALL REQUIRED PUBLIC NOTICES ARE MADE IN LOCAL NEWSPAPERS AND ALL PUBLIC RECORDS ARE ON SITE AND AVAILABLE FOR REVIEW. Form 990, Part XI, Line 8 - Prior Period Adjustment NEHED restated its July 1, 2021, net assets to correct a material error made in prior year resulting from the incorrect recognition of deferred revenue as restricted revenue that was not in accordance with U.S. GAAP. Net assets with donor restriction was decreased by $790,286 as a result of this correction of error. NUEVA ESPERANZA INC 4261 N 5TH STREET PHILADELPHIA PA 19140 232552707 COMMUNITY DEV PA 501(C)(3) 7 NA false ESPERANZA IMMIGRATION LEGAL SERVICES 4261 N 5TH STREET PHILADELPHIA PA 19140 300239154 LEGAL SVCS PA 501(C)(3) 7 NEI INC false ESPERANZA ACADEMY CHARTER SCHOOL 4261 N 5TH STREET PHILADELPHIA PA 19140 232853988 SCHOOL PA 501(C)(3) 2 NA false 199 HUNTING PARK 4261 N 5TH STREET PHILADELPHIA PA 19140 264300365 REAL ESTATE PA 501(C)(3) 10 NEI INC false 4530 CORPORATION 4261 N 5TH STREET PHILADELPHIA PA 19140 233085653 ECONOMIC DEV PA 501(C)(2) N/A NEI INC false ARTISTAS Y MUSICOS LATINO AMERICANOS 4261 N 5TH STREET PHILADELPHIA PA 19140 311616972 ARTS ED. PA 501(C)(3) 7 NEI INC false ESPERANZA CYBER CHARTER SCHOOL 4261 N 5TH STREET PHILADELPHIA PA 19140 455472199 SCHOOL PA 501(C)(3) 2 NA false EASTERN NORTH PHILADELPHIA WORKFORCE DEV 4261 N 5TH STREET PHILADELPHIA PA 19140 232978010 WORKFORCE DEV PA 501(C)(3) 7 NEI INC false 322 HUNTING PARK CORP 4261 NORTH 5TH STREET PHILADELPHIA PA 19140 822103923 REAL ESTATE PA 501(c)(2) N/A NEI Inc false Roberto Clemente Homes LP 4261 North 5th Street Philadelphia PA 19140 384002101 Housing PA NUEVA ESPERANZA false false 3921 Corporation 4261 North 5th Street Philadelphia PA 19140 810809400 Housing PA Nueva Esperanza C CORP false false false false false false false false false false false false false false false false false false false false