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.
Executive compensation
Form 990 · Part VII & Schedule J · 2 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Housing & Shelter organizations nationwide.
| Position | Total |
|---|---|
Board Member 25th percentile to median | $22k $25k |
Board Treasurer Median to 75th percentile | $18k $20k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 5 unpaid individuals.
Top pay as a share of expenses
In 2023, the highest total compensation at Nueva Esperanza Housing and Economic Development Corporation equaled 2% of the organization's total expenses. The median for housing & shelter organizations is 7%.
Based on 7,888 housing & shelter organizations, each measured at its most recent filing year with reported expenses and compensation.
Down 56%
from 2022
From $50k in 2022 to $22k in 2023.
Estimated with Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.
Board Member pay fell 18% from 2022 to 2023, while revenue fell 13%.
- Board Treasurer pay fell 65% from 2022 to 2023.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about Nueva Esperanza Housing and Economic Development Corporation
What does the Board Member of Nueva Esperanza Housing and Economic Development Corporation earn?
In 2023, the Board Member of Nueva Esperanza Housing and Economic Development Corporation received $22,030 in total compensation. This pay is below the median (the midpoint) for Board Member roles among Housing & Shelter organizations nationwide, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.
How does Board Member pay at Nueva Esperanza Housing and Economic Development Corporation compare with similar nonprofits?
Compared with the same role at Housing & Shelter organizations nationwide, the 2023 pay of the Board Member at Nueva Esperanza Housing and Economic Development Corporation falls between the 25th percentile and the median. In 2023, the highest total compensation at Nueva Esperanza Housing and Economic Development Corporation equaled 2% of the organization's total expenses. The median for housing & shelter organizations is 7%.
What are Nueva Esperanza Housing and Economic Development Corporation's revenue and expenses?
In 2023, Nueva Esperanza Housing and Economic Development Corporation reported $1.1M in total revenue and $1.3M in total expenses on its IRS Form 990.
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