The accompanying schedule of expenditures of federal and city awards presents the activities in all the federal financial assistance programs of Nueva Esperanza, Inc. (“NEI”). Financial assistance received directly as well as financial assistance passed through other governmental agencies or not-for-profit organizations are included on the schedule. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”) and the City of Philadelphia Subrecipient Audit Guide. Because the Schedule presents only a selected portion of the operations of NEI, it is not intended to and does not present the financial position, changes in net assets, or cash flows of NEI.
The consolidated financial statements of Nueva Esperanza, Inc. include the accounts and activities of Nueva Esperanza, Inc. and its affiliated entities (the “Organization”). The federal and city award expenditures for three of the Organization’s affiliated entities, Esperanza Academy Charter School, Esperanza Cyber Charter School and Eastern North Philadelphia Workforce Development Corporation in the amounts of $4,301,293, $2,079,054 and $5,487,041, respectively, have not been included in the accompanying schedule of expenditures of federal and city awards for the year ended June 30, 2025. Esperanza Academy Charter School, Esperanza Cyber Charter School and Eastern North Philadelphia Workforce Development Corporation’s federal and city expenditures have been included in Esperanza Academy Charter School, Esperanza Cyber Charter School and Eastern North Philadelphia Workforce Development Corporation’s schedule of expenditures of federal and city awards, which is included in its separate Uniform Guidance single audit for the year ended June 30, 2025 under Employer Identification Number 23-2853988, 45-5472199 and 23-2978010, respectively.
Subrecipient Amount Centro Familiar Nueva Esperanza $ 29,479 Housing Help Inc. 24,205 Detroit Hispanic Development Corporation 24,835 Greater Southwest Development Corporation 10,432 Family Tree 15,237 Housing and Family Services of Greater New York, Inc. 72,752 Sandhills Community Action Program Inc. 15,166 Keystone Community Development Corporation 6,001 Our Casas Resident Council, Inc. 25,950 Strycker's Bay Neighborhood 8,708 Total ALN Number 14.169 232,765 Nueva Esperanza Academy 230,478 Total ALN Number 84.282E 230,478 Total subrecipient $ 463,243