Overview
What is The Esperanza Group?
The Esperanza Group is a nonprofit organization with a mission to offer housing opportunities to families with moderate to low income. Situated in Michigan, specifically at 64323 Kildare Drive, Washington, the organization has taken steps to fulfill its purpose. It acquires homes, renovates them, and subsequently sells them to individuals who fall under the income bracket it serves. Furthermore, The Esperanza Group also engages in land contracts with low-income individuals. This approach allows it to contribute to the housing needs of a significant portion of the community.
Is The Esperanza Group legitimate?
The Esperanza Group is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Esperanza Group 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The Esperanza Group?
The Esperanza Group, as a corporation, is dedicated to providing housing solutions for families with low to moderate income. Their primary objective is to purchase homes, rehabilitate them, and sell them to individuals falling under the low-income bracket. Additionally, the organization enters into land contracts with low-income individuals, further expanding its housing aid initiatives.
Who is the CEO of The Esperanza Group?
Neil Docherty is the President of The Esperanza Group.
What is the revenue of The Esperanza Group?
The Esperanza Group's revenue in 2022 was $343,074.
Who are the executives of The Esperanza Group and what are their salaries?
There 3 volunteers at The Esperanza Group.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $20,000
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Esperanza Group?
The Esperanza Group's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Esperanza Group
The Esperanza Group is a nonprofit organization with a mission focused on providing housing opportunities for families with modest to moderate incomes. To accomplish this, the corporation has taken steps to acquire homes, refurbish them, and subsequently sell them to qualified low-income individuals. Furthermore, The Esperanza Group has also entered into land contracts with lower-income individuals, demonstrating its commitment to making housing accessible to a broad range of families in need.
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Impact
October, 2024
The Esperanza Group plays a significant role in addressing housing needs for low to moderate income families in Washington, Michigan. By purchasing homes that require rehabilitation, the organization transforms them into viable housing options and facilitates their sale to low-income individuals. Additionally, through land contracts, The Esperanza Group provides accessible pathways to homeownership for those who may otherwise struggle in the housing market. This impact not only promotes stability for families but also contributes to the revitalization of the community by ensuring that affordable housing remains available, fostering a sense of belonging and security among residents.
This information is meant to be a general summary of The Esperanza Group. 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 2022.
- Investment Income: $4,612
- Program Service Revenue: $338,462
- Gross Receipts: $374,831
Assets and Liabilities:
- Total Assets: $164,144
- Total Liabilities: $223,106
- Net Assets: -$58,962
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REHABBED LOW INCOME HO
Revenue
$315,000
LAND CONTRACT INCOME/I
Revenue
$14,533
REHAB WORK
Revenue
$8,929
Organization Details
Founding Year
2019
Phone
(586) 707-2662Principal Officer
Neil Docherty
Main Address
64323 KILDARE DRIVE, WASHINGTON, MI, 48095
NTEE Category
Code: L80 - Housing
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