La Nueva Esperanza
- Assets
- $762.1k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 19
- Location
- Brooklyn, NY
- Founding
- 09/2007
- Data as of
- 06/2024
- EIN
- 20-4393724
Organization Overview
La Nueva Esperanza is located in Brooklyn, NY. The organization was established in 2007. According to its NTEE Classification (G81) the organization is classified as: AIDS, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 06/2024, LA Nueva Esperanza employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. LA Nueva Esperanza is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, LA Nueva Esperanza generated $1.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $2.0m during the year ending 06/2024. While expenses have increased by 6.2% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES FOOD, NUTRITION, AND OUTREACH SERVICES TO COMMUNITIES IN BROOKLYN THAT HAVE A LARGE POPULATION OF SUBSTANCE ABUSE AND HIV/AIDS INFECTED INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS PROGRAM IS FUNDED BY A GRANT FROM NYC MEDICAL HEALTH RESEARCH ASSOCIATION/PUBLIC HEALTH SOLUTION. ITS A FOOD NUTRITION PROGRAM FOR INDIVIDUALS WITH HIV/AIDS AND PROVIDES BREAKFAST, LUNCH AND DINNNERS MONDAY TO FRIDAY, ALONG WITH PANTRY BAGS THAT CONTAIN ENOUGH FOOD TO LAST OVER THE WEEKENDS.
THIS PROGRAM IS FUNDED BY A GRANT FROM NYS DOH MULTIPLE SERVICE AGENCIES. IT PROVIDES EDUCATIONAL INFORMATION ABOUT HIV/AIDS. IT ALSO SEEKS OUT INDIVIDUALS AND GROUPS WHO ARE AT RISK OF BECOMING INFECTED WITH HIV/AIDS AND EDUCATES THEM ON HOW THE DISEASE IS TRANSMITTED AND WAYS TO MINIMIZE THE RISK OF BECOMING INFECTED WITH IT.
THIS PROGRAM IS FUNDED BY THE NYC DEPT OF HEALTH/PUBLIC HEALTH SOLUTIONS AND ONECITY HEALTH SERVICES. THE ORGANIZATION USES THESE FUNDS TO FULFILL THE NEEDS OR GAPS IN SERVICES OF CASE MANAGEMENT, PRIMARY CARE AND MEDICAL REGIMENS. THE PROGRAM IS TARGETED TOWARDS LATINO AND AFRICAN AMERICANS WHO HAVE ISSUES WITH SUBSTANCE USE, LANGUAGE, LITERACY AND MENTAL ILLNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Annette Roque Executive Director | OfficerTrustee | 40 | $215,519 |
Juan Roman Board Member | Trustee | 1 | $0 |
Reverenda Milagros Solorzano Board Member | Trustee | 1 | $0 |
Judge Richard Velaquez Board Member | Trustee | 1 | $0 |
Carlos Pagan Vice Chairman | Trustee | 1 | $0 |
Jerrietta R Hollinger Chairwoman | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,753,876 |
| All other contributions, gifts, grants, and similar amounts not included above | $72,477 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,826,353 |
| Total Program Service Revenue | $0 |
| Investment income | $5,015 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,831,368 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $215,519 |
| Compensation of current officers, directors, key employees. | $24,138 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $577,751 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $72,956 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,378 |
| Advertising and promotion | $1,961 |
| Office expenses | $20,984 |
| Information technology | $22,632 |
| Royalties | $0 |
| Occupancy | $222,794 |
| Travel | $41,106 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $21,055 |
| All other expenses | $429,026 |
| Total functional expenses | $2,016,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154,075 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $605,233 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,827 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $762,135 |
| Accounts payable and accrued expenses | $337,110 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $337,110 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $425,025 |
| Total liabilities and net assets/fund balances | $762,135 |