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Esperanza39th Street Partners Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 931210345 ✦ Los angeles, CA ✦ Designated as a 501(c)(3)

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Overview

What is Esperanza39th Street Partners Corporation?

Esperanza39th Street Partners Corporation is a nonprofit organization situated in Los Angeles, California. Their primary focus is the development, operation, and maintenance of low-income housing, as supported by the HUD. This project, housed at 3655 S Grand Ave, aims to provide affordable living spaces for families in need. By undertaking this mission, Esperanza39th Street Partners Corporation contributes to the betterment of the local community, offering housing solutions for those who may otherwise struggle to secure adequate living arrangements.

Is Esperanza39th Street Partners Corporation legitimate?

Esperanza39th Street Partners Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Esperanza39th Street Partners Corporation 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: $80,176

For more financial information, click here

What is the mission statement of Esperanza39th Street Partners Corporation?

Esperanza39th Street Partners Corporation is dedicated to developing, operating, and maintaining low-income housing units. Their primary objective is to provide suitable living spaces for families with limited income. The organization has developed a 45-unit apartment project, situated in Los Angeles, California, specifically designed for these households. Their mission encompasses ensuring the ongoing maintenance of these properties to ensure a comfortable living environment for the residents.

Who is the CEO of Esperanza39th Street Partners Corporation?

Nancy Halpern Ibrahim is the President of Esperanza39th Street Partners Corporation.

What is the revenue of Esperanza39th Street Partners Corporation?

Esperanza39th Street Partners Corporation's revenue in 2022 was $369,985.

Who are the executives of Esperanza39th Street Partners Corporation and what are their salaries?

There 4 volunteers at Esperanza39th Street Partners Corporation.


Here are 5 key members and their salaries:


Nancy Halpern Ibrahim (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Max Harris (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pastor Brian Eklund (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Penne Hassan (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Takao Suzuki (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Esperanza39th Street Partners Corporation?

Esperanza39th Street Partners Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Esperanza39th Street Partners Corporation

Esperanza39th Street Partners Corporation is committed to a mission that involves the development, operation, and maintenance of low-income housing projects. This nonprofit organization focuses on providing suitable living spaces for families in need, specifically in the 45-unit apartment project they have established. By taking on this mission, Esperanza39th Street Partners Corporation is contributing to the housing needs of low-income families, ensuring they have access to comfortable and secure living arrangements.

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Impact




October, 2024

Esperanza39th Street Partners Corporation plays a crucial role in addressing the housing needs of low-income families in Los Angeles, California. By developing, operating, and maintaining a 45-unit apartment complex specifically designed for low-income households, the organization contributes to the creation of safe and affordable housing options in a city where such opportunities are scarce.

The impact of Esperanza39th Street extends beyond just providing shelter; it fosters stability and hope for families striving for a better quality of life. By delivering reliable housing solutions, the organization supports social stability, enables access to essential services, and promotes community development. This initiative not only enhances the living conditions for its residents but also contributes to the overall well-being of the local community by reducing homelessness and fostering economic growth.




This information is meant to be a general summary of Esperanza39th Street Partners Corporation. 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.

Revenue
$369,985 (2022)
Expenses
$619,478 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $348
  • Program Service Revenue: $356,784
  • Gross Receipts: $369,985

Assets and Liabilities:

  • Total Assets: $1,404,261
  • Total Liabilities: $239,894
  • Net Assets: $1,164,367

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LOW-INCOME RENTAL

Revenue

$356,784

Organization Details

Founding Year

1996

Principal Officer

Nancy Halpern Ibrahim

Main Address

3655 S GRAND AVE, LOS ANGELES, CA, 90007

NTEE Category

Code: L25 - Housing

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