Nueva Esperanza Inc in Holyoke, Massachusetts (MA)
Table of contents:
| Nueva Esperanza Inc | |
| Employer Identification Number (EIN) | 042774010 |
| Name of Organization | Nueva Esperanza Inc |
| Address | 401 Main St, Holyoke, MA 01040-5609 |
| Activities | Area development, redevelopment of renewal |
| Subsection | Charitable Organization |
| Ruling Date | 08/1983 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Tax Period | 06/2011 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $824,992 |
| Amount of Income | $126,428 |
| Form 990 Revenue Amount | $126,428 |
| National Taxonomy of Exempt Entities (NTEE) | Housing, Shelter: Housing Development, Construction, Management |
Non-representatives - add comments:
Amount of income in 2011: $126,428 (it was $320,755 in 2010)
| Nueva Esperanza Inc: | $126,428 |
| Other organizations performing similar types of work: | $345,298 |
Assets in 2011: $824,992 (it was $1,259,776 in 2010)
| This organization: | $824,992 |
| Other organizations performing similar types of work: | $1,142,570 |
Expenses in 2011: $307,388
| Nueva Esperanza Inc: | $307,388 |
| Other organizations performing similar types of work: | $349,008 |
Income to expenses ratio in 2011: 0.4
| Nueva Esperanza Inc: | 0.4 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2011: 66.5%
| Nueva Esperanza Inc: | 66.5% |
| Other organizations performing similar types of work: | 47.4% |
Revenue for 2011
Functional expenses for 2011
Support schedule
| Statements Regarding Other IRS Filings and Tax Compliance (for 2011) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2011) | |
| Total revenue | $126,428 |
| Contributions, Gifts, Grants and Other Similar Amounts | $84,014 |
| Program Service Revenue | $0 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $218 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $42,196 |
| Gross rents (Real / Personal) | $42,196 / $0 |
| Less: rental expenses (Real / Personal) | $0 / $0 |
| Rental income or (loss) (Real / Personal) | $42,196 / $0 |
| Net gain from sales of assets other than inventory | $0 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $0 |
| Statement of Functional Expenses (for 2011) | |
| Total functional expenses | $307,388 |
| Compensation of current officers, directors, trustees, and key employees | $0 |
| Other salaries and wages | $58,877 |
| Payroll taxes | $10,992 |
| Professional fundraising services | $0 |
| Other | $237,519 |
| Balance Sheet (for 2011) | |
| Total assets | $824,992 |
| Total liabilities | $103,532 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $80,912 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $22,620 |
| Total net assets or fund balances | $721,460 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2011) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011) | |
| 2007 - 2011 Total | |
|---|---|
| Total Support | $1,817,107 |
| Gifts, grants, contributions, and membership fees received | $1,816,486 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $621 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Springhouse Inc | 44 Allandale Street, Jamaica Plain, MA 02130-3449 | MA | 1994-10 | $10,519,606 |
| 2 | Tenants Development Corporation | 400 Massachusetts Ave, Boston, MA 02115-4935 | MA | 1972-09 | $2,150,771 |
| 3 | Twin Cities Community Development Corporation | 470 Main Street, Fitchburg, MA 01420-8173 | MA | 1982-01 | $1,589,159 |
| 4 | West Fenway Elderly Housing Corp | 73 Hemenway Street, Boston, MA 02115-2941 | MA | 1994-03 | $978,622 |
| 5 | South Boston Community Housing Inc | 365 W Broadway, S Boston, MA 02127-1936 | MA | 1989-10 | $809,198 |
| 6 | Stop It Now Inc, Dba Child Sex Abuse Prevention | 351 Pleasant Str Suite B 319, Northampton, MA 01060-3900 | MA | 1992-08 | $764,925 |
| 7 | Southampton Housing For The Elderly Inc | C/O Hap Inc 322 Main Street, Springfield, MA 01105 | MA | 1985-08 | $629,896 |
| 8 | Rural Development Inc | 80 Canal St, Turners Falls, MA 01376-1106 | MA | 1992-04 | $608,447 |
| 9 | Sonoma Maple & Schuyler Tenants Association Inc | 1 Maple Ct Ste A, Dorchester, MA 02121-3000 | MA | 1996-11 | $224,916 |
| 10 | Turner House Living Center For Veterans Inc | PO BOX 71, Williamstown, MA 01267-0071 | MA | 1994-03 | $178,884 |
| 11 | Taino Tower Development Corporation | 405 Shawmut Ave, Boston, MA 02118-2029 | MA | 1990-06 | $130,766 |
| 12 | Stow Elderly Housing Corp | 22 Johnston Way, Stow, MA 01775-2102 | MA | 1981-07 | $33,000 |
| 13 | National Affordable Housing Foundation Haverhill Inc | 151 Tremont Street, Boston, MA 02111-1125 | MA | 1996-12 | $1 |
| 14 | Affordable Residential Financing Inc | 264 Griffin Street, Fall River, MA 02724 | MA | 1992-05 | $0 |
| 15 | Building Our Swords Into Plowshares | 32 Lillian St, Greenfield, MA 01301-1144 | MA | 1995-12 | $0 |
| 16 | Fund For Affordable Housing Inc | 17 Mahaiwe St Ste 2, Gt Barrington, MA 01230-1973 | MA | 1991-09 | $0 |
| 17 | Gilead Inc | 127 How St, Haverhill, MA 01830-5615 | MA | 1992-04 | $0 |
| 18 | Nashoba Valley Housing Corp | 18 Pond St, Ayer, MA 01432-1656 | MA | 1996-06 | $0 |
| 19 | North Canal Tenant Council Inc | 450 Merrimack St, Lowell, MA 01854-3907 | MA | 1995-10 | $0 |
| 20 | Prospect Estates Inc | 10 Golden Hts, Webster, MA 01570-1651 | MA | 1996-10 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,995 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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