Nueva Esperanza Housing And Economic Development
EIN: 232952060 · Philadelphia, PA · NTEE: L20
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $1.1M |
| Net Assets | $1.8M |
Is Nueva Esperanza Housing And Economic Development Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Nueva Esperanza Housing And Economic Development
Nueva Esperanza Housing And Economic Development (EIN: 232952060) is a nonprofit organization based in Philadelphia, PA, classified under NTEE code L20. The organization reported total revenue of $1.1M and total assets of $5.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nueva Esperanza Housing And Economic Development's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nueva Esperanza Housing And Economic Development is a mid-size nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$221K |
| Total Assets | $4.9M |
| Total Liabilities | $3.1M |
| Net Assets | $1.8M |
| Operating Margin | 17.3% |
| Debt-to-Asset Ratio | 63.6% |
| Months of Reserves | 56.2 months |
Financial Health Grade: A
In 2023, Nueva Esperanza Housing And Economic Development reported a surplus of $221K with revenue exceeding expenses, holds 56.2 months of operating reserves (strong position), has a debt-to-asset ratio of 63.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Nueva Esperanza Housing And Economic Development's revenue has grown at a compound annual growth rate (CAGR) of 14.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.2% | +21.1% | +31.4% |
| 2022 | -44.8% | +5.2% | +38.6% |
| 2021 | +151.3% | +24.6% | +16.8% |
| 2020 | +3.9% | -21.6% | +5.9% |
| 2019 | +30.8% | +11.9% | +4.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Nueva Esperanza Housing And Economic Development has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Nueva Esperanza Housing And Economic Development with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $221K, with revenue exceeding expenses.
- Debt-to-asset ratio: 63.6%.
Frequently Asked Questions about Nueva Esperanza Housing And Economic Development
Is Nueva Esperanza Housing And Economic Development a legitimate charity?
Nueva Esperanza Housing And Economic Development (EIN: 232952060) is a registered tax-exempt nonprofit based in Pennsylvania. It has 13 years of IRS 990 filings on record. Total revenue: $1.1M. No red flags identified. Financial health grade: A.
How does Nueva Esperanza Housing And Economic Development spend its money?
Nueva Esperanza Housing And Economic Development reported $1.1M in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Nueva Esperanza Housing And Economic Development tax-deductible?
Nueva Esperanza Housing And Economic Development is registered as a tax-exempt nonprofit (EIN: 232952060). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Nueva Esperanza Housing And Economic Development located?
Nueva Esperanza Housing And Economic Development is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 232952060. It is classified under NTEE code L20.
How many years of IRS 990 filings does Nueva Esperanza Housing And Economic Development have?
Nueva Esperanza Housing And Economic Development has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.1M in total revenue.
Filing History
IRS 990 filing history for Nueva Esperanza Housing And Economic Development showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Nueva Esperanza Housing And Economic Development's revenue has grown by 428.5%, moving from $241K to $1.3M. Total assets increased by 381.6% over the same period, from $1.0M to $4.9M. Total functional expenses rose by 319.7%, from $251K to $1.1M. In its most recent filing year (2023), Nueva Esperanza Housing And Economic Development reported a surplus of $221K, with revenue exceeding expenses. The organization holds $3.1M in liabilities against $4.9M in assets (debt-to-asset ratio: 63.6%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.1M | $4.9M | $3.1M | — | View 990 |
| 2022 | $1.2M | $871K | $3.8M | $1.4M | — | View 990 |
| 2021 | $2.2M | $828K | $2.7M | $688K | — | View 990 |
| 2020 | $874K | $664K | $2.3M | $1.7M | — | View 990 |
| 2019 | $841K | $847K | $2.2M | $1.7M | — | View 990 |
| 2018 | $643K | $757K | $2.1M | $1.6M | — | View 990 |
| 2017 | $680K | $703K | $2.2M | $1.7M | — | View 990 |
| 2016 | $925K | $851K | $2.3M | $1.7M | — | View 990 |
| 2015 | $785K | $641K | $2.9M | $2.4M | — | View 990 |
| 2014 | $896K | $504K | $2.6M | $2.2M | — | View 990 |
| 2013 | $379K | $359K | $921K | $937K | — | View 990 |
| 2012 | $228K | $397K | $792K | $829K | — | View 990 |
| 2011 | $241K | $251K | $1.0M | $893K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.1M, and assets of $4.9M (revenue +5.2% year-over-year).
- 2022: Revenue of $1.2M, expenses of $871K, and assets of $3.8M (revenue -44.8% year-over-year).
- 2021: Revenue of $2.2M, expenses of $828K, and assets of $2.7M (revenue +151.3% year-over-year).
- 2020: Revenue of $874K, expenses of $664K, and assets of $2.3M (revenue +3.9% year-over-year).
- 2019: Revenue of $841K, expenses of $847K, and assets of $2.2M (revenue +30.8% year-over-year).
- 2018: Revenue of $643K, expenses of $757K, and assets of $2.1M (revenue -5.5% year-over-year).
- 2017: Revenue of $680K, expenses of $703K, and assets of $2.2M (revenue -26.5% year-over-year).
- 2016: Revenue of $925K, expenses of $851K, and assets of $2.3M (revenue +17.9% year-over-year).
- 2015: Revenue of $785K, expenses of $641K, and assets of $2.9M (revenue -12.4% year-over-year).
- 2014: Revenue of $896K, expenses of $504K, and assets of $2.6M (revenue +136.5% year-over-year).
- 2013: Revenue of $379K, expenses of $359K, and assets of $921K (revenue +66.1% year-over-year).
- 2012: Revenue of $228K, expenses of $397K, and assets of $792K (revenue -5.5% year-over-year).
- 2011: Revenue of $241K, expenses of $251K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nueva Esperanza Housing And Economic Development:
Data Sources and Methodology
This transparency report for Nueva Esperanza Housing And Economic Development is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.