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CDC2 signals

Esperanza

Filed as Nueva Esperanza
EIN 23-2552707Philadelphia, PA
IRS filings on ProPublica →News coverage →
First on record
2011
Latest filing
2023
Years filed
13
Latest revenue
$13,454,615
Latest staff

Current leadership

Form 990 Part VII, FY 2023
Executive
Reverend Luis Cortes Jr
President & Ceo
Reported pay
$396,023
NameRoleReported pay
Reverend Luis Cortes JrPresident & Ceo$396,023
Reverend Danny CortesExecutive Vice President$275,432
Matthew M LentzChief Financial Officer$233,354
Walter ToliverExecutive Vp & General Counsel$201,320
William RhoadsSr. Vp Of Arts Center$144,255
Christine NievesSr. Vp Of Development$138,749
Marli D NascimientoSr. Vp Of Facilities$121,123
William SmithBoard Member
Tiffany TaverazBoard Member
Ronald GilgBoard Member

Current as of the latest Form 990. A “departed” tag is the date that filing recorded an officer leaving, a documented transition.

CDC Tax Credit

City of Philadelphia program
Status
Active participant
In the program since 2013
Annual contribution
$85,000

A business sponsor contributes to this CDC for a tax credit against city business tax. Recorded in the 2015, 2019, 2020 annual reports. Source PDF →

Operational lifespan

Each block is one year
20112023

Revenue and expenses

Structural size over time
$0$6.7M$13.5M20112016201720192023
Revenue Expenses Possible leadership transition

Officer compensation

Leadership-transition signal
$0$420K$841K20112016201720192023
Total officer pay Possible leadership transition

Officer compensation shifted sharply in 2016 and 2019, each a candidate year for an executive-director change worth confirming against the 990 itself.

Year by year

From IRS Form 990
YearRevenueExpensesAssetsOfficer payStaff990
2023$13,454,615$13,006,335$44,544,879$739,206PDF
2022$11,856,124$10,142,179$25,298,175$714,757PDF
2021$12,218,705$8,471,132$22,032,264$772,032PDF
2020$10,961,159$8,664,252$17,535,597$750,509
2019$8,609,201$8,402,862$11,951,310$796,340PDF
2018$9,414,737$8,909,541$10,732,341$610,881PDF
2017$8,414,632$8,242,402$10,643,999$840,456PDF
2016$8,776,229$12,550,850$10,983,636$840,871PDF
2015$11,254,626$8,578,552$14,090,587$439,330PDF
2014$11,855,236$8,320,461$10,698,857$496,297PDF
2013$8,347,622$8,455,938$6,013,833$624,869PDF
2012$6,856,656$6,954,867$6,137,099$612,144PDF
2011$6,545,793$6,645,099$7,136,887$514,543PDF