Overview
What is La Nueva Esperanza Inc?
La Nueva Esperanza Inc is a nonprofit organization situated in Brooklyn, New York, specifically at 213 JOHNSON AVE. Funded by the NYC Medical Health Research Association/Public Health Solution, their primary mission is to provide food, nutrition, and outreach services to communities with a substantial population of individuals struggling with substance abuse and living with HIV/AIDS. Their program includes offering breakfast, lunch, and dinner from Monday to Friday, as well as providing pantry bags filled with food to last over the weekends. This organization serves as a crucial support system for these communities, offering essential resources and assistance. With a team of 14 dedicated employees, La Nueva Esperanza Inc strives to improve the lives of those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
La Nueva Esperanza Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial transparency. With an overall score based entirely on accountability and finance, the organization demonstrates excellent governance practices, including a fully independent board and rigorous audit processes.
The charity's financial health is robust, with an impressive program expense ratio of 86.58%, indicating that the majority of funds are directed towards its programs rather than administrative costs. The organization has no reported material diversion of assets, showcasing its integrity in managing resources effectively.
While the rating highlights numerous strengths, it does not detail the organization's specific programmatic impacts or community feedback. Thus, while La Nueva Esperanza Inc excels in financial governance, stakeholders may benefit from additional insights into its operational effectiveness and the tangible outcomes of its initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is La Nueva Esperanza Inc legitimate?
La Nueva Esperanza Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. La Nueva Esperanza Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $195,388
Professional Fundraising Fees: $0
Other Salaries and Wages: $483,609
For more financial information, click here
What is the mission statement of La Nueva Esperanza Inc?
La Nueva Esperanza Inc, as an organization, focuses on providing essential services to communities in Brooklyn that have a significant population of individuals struggling with substance abuse and HIV/AIDS. Their mission is centered around offering food, nutrition, and outreach support. Specifically, they run a food nutrition program funded by the NYC Medical Health Research Association/Public Health Solution, providing breakfast, lunch, and dinner daily, along with weekly pantry bags to ensure sufficient food supply over the weekends. This initiative aims to improve the lives of those affected, offering a vital source of nourishment and support in their respective journeys.
Who is the CEO of La Nueva Esperanza Inc?
Annette Roque is the Executive Director of La Nueva Esperanza Inc.
What is the revenue of La Nueva Esperanza Inc?
La Nueva Esperanza Inc's revenue in 2023 was $1,915,050.
Who are the executives of La Nueva Esperanza Inc and what are their salaries?
The average compensation at La Nueva Esperanza Inc during 2023 was $48,500. There are 14 employees at La Nueva Esperanza Inc.
Here are 9 key members and their salaries:
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Where can I find the form 990 for La Nueva Esperanza Inc?
La Nueva Esperanza Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of La Nueva Esperanza Inc
La Nueva Esperanza Inc, a nonprofit organization, is dedicated to serving communities in Brooklyn that are significantly impacted by substance abuse and HIV/AIDS. Their mission is centered around providing essential food, nutrition, and outreach services. By doing so, they aim to support individuals and families who are grappling with these challenges and improve their overall well-being.
Specifically, La Nueva Esperanza Inc offers a food nutrition program funded by the NYC Medical Health Research Association/Public Health Solutions. This program provides nourishing breakfast, lunch, and dinner options from Monday to Friday, ensuring that participants have adequate meals throughout the week. Additionally, they distribute pantry bags filled with food supplies, ensuring that individuals can sustain themselves over the weekends. This holistic approach to nutrition support is a testament to La Nueva Esperanza Inc's commitment to improving the lives of those in need.
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Impact
October, 2024
La Nueva Esperanza Inc has a significant impact on communities in Brooklyn, particularly among individuals affected by substance abuse and HIV/AIDS. By offering essential food, nutrition, and outreach services, the organization addresses critical public health needs in areas with high prevalence rates of these issues.
The food nutrition program provides vital meals—breakfast, lunch, and dinner—five days a week, ensuring that individuals living with HIV/AIDS have access to nutritious food that can bolster their health. Additionally, the provision of pantry bags filled with food for the weekends helps to alleviate food insecurity, allowing individuals the opportunity to focus on their health and recovery without the constant worry of where their next meal will come from.
Funded by a grant from the NYC Medical Health Research Association/Public Health Solutions, La Nueva Esperanza Inc plays a crucial role in promoting wellness and improving the quality of life for some of Brooklyn’s most vulnerable populations. Through its targeted outreach services, the organization not only meets immediate nutritional needs but also fosters a sense of community and support for those affected, ultimately contributing to better health outcomes and resilience in the face of ongoing challenges.
This information is meant to be a general summary of La Nueva Esperanza Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $3,808
- Gross Receipts: $1,915,050
Assets and Liabilities:
- Total Assets: $864,294
- Total Liabilities: $254,533
- Net Assets: $609,761
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Organization Details
Founding Year
2006
Principal Officer
Annette Roque
Main Address
213 JOHNSON AVE, BROOKLYN, NY, 11206
NTEE Category
Code: G81 - Disease
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