Nueva Esperanza Inc

Nonprofit profile at a glance

EIN
232552707
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Philadelphia, PA, USA
Phone
2153240746
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Job Training

Official website

Reported finances

Revenue
$18,047,181
Expenses
$16,723,518
Assets
$56,550,300
Liabilities
$40,233,612

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

20 people listed

Executive titles in this filing

  • Reverend Luis Cortes JR (President & CEO)
  • Reverend Danny Cortes (Executive Vice President)

Highest reported compensation

  • Reverend Luis Cortes JR (President & CEO): $484,292 total reported compensation
  • Reverend Danny Cortes (Executive Vice President): $295,120 total reported compensation
  • Matthew M Lentz (Chief Financial Officer): $239,678 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

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.

What it reported doing in 2024

National - esperanza works partially as an intermediary between government agencies and hispanic faith and community-based organizations. Together with over 10,000 hispanic churches and organizations, esperanza has emerged as a leading voice for hispanics of faith in the nation. Esperanza has several national initiatives that continue the work of nueva esperanza, inc. On a national scale, serving the needs of the hispanic community as well as strengthening the work of hispanic faith-based organizations.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 85% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 48
  • Transparency & Controls: 66
  • Accountability: 96
  • Sustainability: 56
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 47%; rating input score 47
  • Program expense ratio: 51.3%; rating input score 51
  • Fundraising efficiency: $13.48 raised per $1 spent on fundraising; rating input score 47; 47th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 8th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 28.5%; rating input score 29; 9th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 92.9%; rating input score 93; 25th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 7.3%; rating input score 61; 61st percentile among comparable filings
  • Total-asset coverage ratio: 3.38; rating input score 78; 78th percentile among comparable filings
  • Liabilities to assets ratio: 0.71; rating input score 17; 17th percentile among comparable filings
  • Officer compensation ratio: 10.2%; rating input score 19; 19th percentile among comparable filings

Growth

  • Program expense growth: 5.7% per year; rating input score 100; 47th percentile among comparable filings
  • Revenue growth: 5.2% per year; rating input score 100; 46th percentile among comparable filings
  • Asset growth: 16% per year; rating input score 100; 83rd percentile among comparable filings

Details

  • Where the money goes: 47% of revenue deployed · 51.3% of spending went to programs
  • Governance: 13 of 14 board members independent · 9 of 9 filing controls reported
  • Programs: 5 filed program accomplishments · $8.6M in reported program spending
  • Leadership: top reported pay $484K · 20 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $677K reported
  • Consistency: 30 of 31 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 17 filed money-flow records
  • Related organizations: 24 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 47/100.
  • Review — Financial Efficiency: Program expense ratio scored 51/100.
  • High — Transparency & Controls: Grant itemization coverage scored 29/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 47/100.
  • High — Sustainability: Liabilities to assets ratio scored 17/100.
  • High — Sustainability: Officer compensation ratio scored 19/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.