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Nonprofiteer
← NEVADA H A N D INC

Form 990 for tax year 2024

Filed by NEVADA H A N D INC.

Totals

Total revenue
$5,136,904
Total expenses
$9,139,975
Contributions and grants received
$1,390,431
Grants paid
$0
Program service revenue
$2,578,573
Investment income
$0
Other revenue
$1,167,900
Total assets, end of year
$93,820,081
Total liabilities, end of year
$86,197,322
Net assets or fund balances, end of year
$7,622,759
Program services expenses (Part IX)
$2,453,475
Management and general expenses
$6,260,724
Fundraising expenses
$425,776
Program service expenses (Part III)
$2,453,475

Program services were 26.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $784,612

  • 1e · Government grants (contributions)

    $542,779

  • 1f · All other contributions, gifts and grants

    $63,040

  • 1g · Noncash contributions included above

    $63,040

  • 2a · Program service revenue: INTEREST INCOME

    total $2,325,980 · related or exempt $2,325,980

  • 2b · Program service revenue: PROGRAM SERVICE FEE

    total $252,593 · related or exempt $252,593

  • 11a · Other revenue: OTHER INCOME

    total $1,167,900 · related or exempt $436,154 · excluded $731,746

  • 11e · Other revenue, total

    $1,167,900

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $3,293,984 · management and general $3,293,984

  • 7 · Other salaries and wages

    total $2,021,718 · program services $1,675,453 · management and general $50,902 · fundraising $295,363

  • 9 · Other employee benefits

    total $763,362 · program services $353,487 · management and general $367,105 · fundraising $42,770

  • 10 · Payroll taxes

    total $335,566 · program services $130,738 · management and general $182,234 · fundraising $22,594

  • 11a · Fees: management

    total $240,118 · program services $1,211 · management and general $238,907

  • 11b · Fees: legal

    total $16,155 · management and general $16,155

  • 11c · Fees: accounting

    total $75,151 · management and general $75,151

  • 12 · Advertising and promotion

    total $144,032 · management and general $91,650 · fundraising $52,382

  • 13 · Office expenses

    total $23,130 · management and general $23,130

  • 16 · Occupancy

    total $771,288 · management and general $771,288

  • 17 · Travel

    total $54,044 · program services $10,475 · management and general $43,569

  • 20 · Interest

    total $8,000 · management and general $8,000

  • 22 · Depreciation, depletion and amortization

    total $93,111 · management and general $93,111

  • 23 · Insurance

    total $113,150 · program services $37,850 · management and general $75,300

  • 24a · Other expenses: COMPUTER

    total $384,392 · program services $12,632 · management and general $371,760

  • 24b · Other expenses: OFFICE SUPPLIES

    total $244,711 · program services $146,630 · management and general $98,081

  • 24c · Other expenses: SUPPLIES - IN KIND DONA

    total $63,040 · program services $7,724 · management and general $42,650 · fundraising $12,666

  • 24d · Other expenses: DONATIONS

    total $62,008 · management and general $62,008

  • 24e · All other expenses

    total $433,015 · program services $77,275 · management and general $355,739 · fundraising $1

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,978,831 · end of year $5,293,047

  • 2 · Savings and temporary cash investments

    beginning of year $1,978,552 · end of year $1,993,100

  • 4 · Accounts receivable

    beginning of year $98,432 · end of year $91,366

  • 7 · Other notes and loans receivable

    beginning of year $54,131,174 · end of year $55,342,796

  • 9 · Prepaid expenses and deferred charges

    beginning of year $412,554 · end of year $672,841

  • 10a · Land, buildings and equipment: cost or other basis

    $1,019,532

  • 10b · Land, buildings and equipment: accumulated depreciation

    $536,564

  • 10c · Land, buildings and equipment, net

    beginning of year $354,867 · end of year $482,968

  • 12 · Investments: other securities

    beginning of year $21,812,724 · end of year $26,313,104

  • 15 · Other assets

    beginning of year $0 · end of year $3,630,859

  • 17 · Accounts payable and accrued expenses

    beginning of year $719,941 · end of year $1,112,424

  • 19 · Deferred revenue

    beginning of year $1,941,882 · end of year $1,891,363

  • 24 · Unsecured notes and loans payable

    beginning of year $71,479,481 · end of year $82,810,279

  • 25 · Other liabilities

    beginning of year $0 · end of year $383,256

  • 27 · Net assets without donor restrictions

    beginning of year -$34,864,822 · end of year -$38,524,280

  • 28 · Net assets with donor restrictions

    beginning of year $46,490,652 · end of year $46,147,039

Mission and programs · 2024

Mission

NEVADA H.A.N.D., INC. IS A NONPROFIT ENTITY THAT DEVELOPS AFFORDABLE HOUSING FOR SENIORS AND FAMILIES WITH LOW TO MODERATE INCOMES. NEVADA H.A.N.D., INC. ALSO PROVIDES RESIDENT SERVICES TO COMMUNITIES OWNED OR OPERATED BY THE ORGAINIZATION.

Activities or mission (Part I)

NEVADA H.A.N.D., INC. DEVELOPS AFFORDABLE HOUSING FOR SENIORS, FAMILIES WITH LOW TO MODERATE INCOMES. NEVADA H.A.N.D., INC. ALSO PROVIDES RESIDENT SERVICES TO COMMUNITIES OWNED OR OPERATED BY THE ORGANIZATION.

  • MANAGED THE DEVELOPMENT OF VARIOUS PROJECTS WHICH WILL PROVIDE HOME OWNERSHIP OPPORTUNITIES TO LOW TO MODERATE INCOME INDIVIDUALS, SENIORS, AND FAMILIES.

    Grants $542,779 · Revenue $2,325,980

  • WORKED TO ENSURE THAT OUR RESIDENTS RECEIVE APPROPRIATE SERVICES BY COORDINATING WITH SOCIAL SERVICES AND NONPROFIT AGENCIES ON SUCH ACTIVITIES AS PROVIDING OPPORTUNITIES FOR FINANCIAL EMPOWERMENT AND ENHANCED QUALITY OF LIFE.

    Expenses $2,453,475 · Grants $847,652 · Revenue $252,593

  • THE ORGANIZATION OFFERS AN AFFORDABLE RENTAL PROGRAM TO INDIVIDUALS, SENIORS, AND FAMILIES WHO ARE CONSIDERED LOW OR MODERATE-INCOME. THE ORGANIZATION PROVIDES HOUSING AT A LOW MONTHLY RENT.

    Revenue $1,167,900

As filed on the 2024 return.

Listed in Part VII

  • Terry Shirey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.8
  • Earline Lovelace

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.8
  • Sarah Odia

    TREASURER

    Total calculated
    $0
    Hours/week
    0.8
  • Edmund Ng

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.8
  • Sam Loya

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.8
  • Bradley Barrie

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.8
  • Marie Wilson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.8
  • Cynthia Tavares

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.8
  • Eric Horn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.8
  • Bob White

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.8
  • Greg McKinley

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.8
  • Eloiza Martinez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.8
  • Roy Ewing

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.8
  • Audra Hamernik

    PRESIDENT AND CEO

    Total calculated
    $604,823
    From this org
    $577,068
    From related orgs
    $0
    Other
    $27,755
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $411,205
    Bonus
    $165,863
    Other
    $0
    Deferred
    $13,800
    Nontaxable benefits
    $13,955
    Filer's total
    $604,823
  • Timothy Veenstra

    COO

    Total calculated
    $420,076
    From this org
    $394,254
    From related orgs
    $0
    Other
    $25,822
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $292,421
    Bonus
    $101,833
    Other
    $0
    Deferred
    $11,963
    Nontaxable benefits
    $13,859
    Filer's total
    $420,076
  • Megan Schimick

    CFO

    Total calculated
    $414,825
    From this org
    $401,510
    From related orgs
    $0
    Other
    $13,315
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $301,468
    Bonus
    $100,042
    Other
    $0
    Deferred
    $11,969
    Nontaxable benefits
    $1,346
    Filer's total
    $414,825
  • Ralph Murphy

    SENIOR VP OF DEVELOPMENT

    Total calculated
    $307,893
    From this org
    $288,125
    From related orgs
    $0
    Other
    $19,768
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $225,088
    Bonus
    $63,037
    Other
    $0
    Deferred
    $11,408
    Nontaxable benefits
    $8,360
    Filer's total
    $307,893
  • Tracy Wortham

    VP OF HUMAN RESOURCES

    Total calculated
    $278,923
    From this org
    $254,661
    From related orgs
    $0
    Other
    $24,262
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $208,497
    Bonus
    $46,164
    Other
    $0
    Deferred
    $10,403
    Nontaxable benefits
    $13,859
    Filer's total
    $278,923
  • Kathalene Carpenter

    VP OF ASSET MANAGEMENT

    Total calculated
    $271,408
    From this org
    $254,921
    From related orgs
    $0
    Other
    $16,487
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $208,034
    Bonus
    $46,887
    Other
    $0
    Deferred
    $7,657
    Nontaxable benefits
    $8,830
    Filer's total
    $271,408
  • Waldon Swenson

    VP OF CORPORATE AFFAIRS

    Total calculated
    $282,644
    From this org
    $260,981
    From related orgs
    $0
    Other
    $21,663
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $212,101
    Bonus
    $48,880
    Other
    $0
    Deferred
    $9,238
    Nontaxable benefits
    $12,425
    Filer's total
    $282,644
  • Kristin Friedli

    CONTROLLER

    Total calculated
    $227,815
    From this org
    $209,020
    From related orgs
    $0
    Other
    $18,795
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $179,411
    Bonus
    $29,609
    Other
    $0
    Deferred
    $8,547
    Nontaxable benefits
    $10,248
    Filer's total
    $227,815
  • Daigo Ishikawa

    DIRECTOR OF REAL ESTATE DE

    Total calculated
    $173,888
    From this org
    $158,971
    From related orgs
    $0
    Other
    $14,917
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $144,342
    Bonus
    $14,629
    Other
    $0
    Deferred
    $6,392
    Nontaxable benefits
    $8,525
    Filer's total
    $173,888
  • Andrew Kilduff

    DIRECTOR OF REAL ESTATE DE

    Total calculated
    $164,190
    From this org
    $155,625
    From related orgs
    $0
    Other
    $8,565
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $155,625
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,565
    Filer's total
    $164,190
  • April Deane

    ASSISTANT CONTROLLER

    Total calculated
    $147,499
    From this org
    $133,682
    From related orgs
    $0
    Other
    $13,817
    Hours/week
    45

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • HAND CONSTRUCTION COMPANY

    SECTION 501(C)(3) · CONSTRUCTS AFFORDABLE HSG FOR SENIORS, FAMILIES W/ LOW TO MODERATE INCOMES · NV

    Directly controlled by NEVADA HAND INC

  • HAND DEVELOPMENT GROUP

    SECTION 501(C)(3) · ORGANIZED FOR THE PREDEVELOPMENT AND SALES OF A LOW-MODERATE FAMILY HSG · NV

    Directly controlled by NEVADA HAND INC

  • HAND DEVELOPMENT COMPANY

    SECTION 501(C)(3) · ORGANIZED FOR THE DEVELOPMENT OF IRC 42, LOW-MODERATE INCOME HSG PROJECTS · NV

    Directly controlled by NEVADA HAND INC

  • HAND ENTERPRISES INC

    SECTION 501(C)(3) · ORGANIZED TO BE A GENERAL PARTNER OF CERTAIN AFFORDABLE HSG PSHIPS · NV

    Directly controlled by NEVADA HAND INC

  • HAND PROPERTY MANAGEMENT INC

    SECTION 501(C)(3) · ORGANIZED TO MANAGE LOW-MODERATE INCOME HSG · NV

    Directly controlled by NEVADA HAND INC

  • HAND PROPERTY HOLDING COMPANY

    SECTION 501(C)(3) · ORGANIZED TO SUPPORT AND CARRY OUT CHARITABLE PURPOSES · NV

    Directly controlled by NEVADA HAND INC

  • HAND FINANCE COMPANY

    SECTION 501(C)(3) · ORGANIZED TO SUPPORT AND CARRY OUT CHARITABLE PURPOSES · NV

    Directly controlled by NEVADA HAND INC

  • HAND KP2 HOLDING COMPANY

    SECTION 501(C)(3) · ORGANIZED FOR THE DEVELOPMENT OF IRC 42, LOW-MODERATE INCOME HSG PROJECTS · NV

    Directly controlled by NEVADA HAND INC

  • HAND SENIOR LIVING COMPANY

    SECTION 501(C)(3) · ORGANIZED TO SUPPORT AND CARRY OUT CHARITABLE PURPOSES · NV

    Directly controlled by NEVADA HAND INC

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • SILVER SKY ASSISTED LIVING LLC

    INVESTMENT · LOW INCOME HOUSING · MA · 50% owned · share of income -$394,888 · share of assets $4,585,319

  • LAS VEGAS HOUSING PARTNERS LIMITED PARTNERSHIP

    INVESTMENT · LOW INCOME HOUSING · NV · 0.5% owned · share of income $1,894 · general or managing partner

  • MOJAVE HOUSING LIMITED PARTNERSHIP

    INVESTMENT · LOW INCOME HOUSING · NV · 1% owned · share of income $422 · general or managing partner

  • HENDERSON HOUSING PARTNERS LLC

    INVESTMENT · LOW INCOME HOUSING · NV · 1% owned · share of income $2,647 · general or managing partner

  • SILVER SKY ASSISTED LIVING A NEVADA LP

    INVESTMENT · LOW INCOME HOUSING · MA · 99.99% owned

  • SOUTHERN PINES LP

    INVESTMENT · LOW INCOME HOUSING · NV

  • SOUTHERN PINES 2 LP

    INVESTMENT · LOW INCOME HOUSING · NV

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • HAND F-P CORPORATION

    C · ORGANIZED TO BE A SPECIAL LIMITED PARTNER OF CERTAIN AFFORDABLE HSG PSHIPS · NV · 100% owned · share of income -$2,742 · share of assets $300

    Directly controlled by NEVADA HAND INC

Provenance

Return type
form_990
Tax year
2024
Filed
5 November 2025
IRS schema version
2024v5.2
Source object
202533099349304203

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