Nueva Esperanza Housing and Economic Development
Public records show a registered, tax-exempt organization in good standing.
What it says it does
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.
- Income
- $1.3 million
- Spending
- $1.2 million
- Spent on programs
- 92%
- Reserves
- 8.2 months of spending
- Largest source of income
- government grants, 49%
- Employees
- 0
- Volunteers
- 5
- Highest pay
- $274,293, board treasurer
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 78 out of 100. Higher than 65% of charities in its peer group (housing, $1m to $10m).
Reserves
28 of 35Spendable reserves would cover 8.2 months of spending.
Debt
5 of 20It owes 73% of what it owns.
Living within its means
15 of 15Income exceeded spending by 8% of income.
Income trend
15 of 15Income rose 13% on the year before.
Spending floor
15 of 1592% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 95 out of 100. Higher than 62% of charities in its peer group (housing, $1m to $10m).
Independent board
25 of 255 of 7 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $1.1 million spent. 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.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since July 1999.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Could it be confused with another charity? Worth knowing.
A much larger organization has a similar name: Ndc Housing and Economic Development Corporation (New York, NY), EIN 91-1884698. If that is the one you meant, check the EIN before giving.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.