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← HOUSING AND NEIGHBORHOOD DEVELOPMENT SERVICES INC

Form 990 for tax year 2023

Filed by HOUSING AND NEIGHBORHOOD DEVELOPMENT SERVICES INC.

Totals

Total revenue
$2,459,531
Total expenses
$1,883,383
Contributions and grants received
$1,217,311
Grants paid
$0
Program service revenue
$1,026,146
Investment income
$209
Other revenue
$215,865
Total assets, end of year
$11,056,588
Total liabilities, end of year
$6,401,854
Net assets or fund balances, end of year
$4,654,734
Program services expenses (Part IX)
$1,689,214
Management and general expenses
$170,994
Fundraising expenses
$23,175
Program service expenses (Part III)
$1,689,214

Program services were 89.7% 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.

  • 1c · Fundraising events

    $15,276

  • 1e · Government grants (contributions)

    $648,360

  • 1f · All other contributions, gifts and grants

    $553,675

  • 2a · Program service revenue: RENTAL INCOME

    total $1,026,146 · related or exempt $1,026,146

  • 3 · Investment income

    total $209 · excluded $209

  • 8a · Fundraising events: gross income

    $2,274

  • 8a · Fundraising events: contributions included on line 1c

    $15,276

  • 8b · Fundraising events: direct expenses

    $2,274

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: OTHER INCOME

    total $215,865 · related or exempt $215,865

  • 11e · Other revenue, total

    $215,865

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $149,998 · program services $115,498 · management and general $16,500 · fundraising $18,000

  • 7 · Other salaries and wages

    total $12,626 · program services $9,722 · management and general $1,389 · fundraising $1,515

  • 8 · Pension plan contributions

    total $2,239 · program services $1,724 · management and general $246 · fundraising $269

  • 9 · Other employee benefits

    total $12,396 · program services $9,545 · management and general $1,364 · fundraising $1,487

  • 10 · Payroll taxes

    total $15,866 · program services $12,217 · management and general $1,745 · fundraising $1,904

  • 11c · Fees: accounting

    total $49,000 · program services $40,275 · management and general $8,725

  • 11g · Fees: other

    total $314,983 · program services $258,894 · management and general $56,089

  • 13 · Office expenses

    total $21,377 · program services $11,943 · management and general $9,434

  • 17 · Travel

    total $2,752 · management and general $2,752

  • 20 · Interest

    total $218,411 · program services $218,411

  • 22 · Depreciation, depletion and amortization

    total $222,302 · program services $215,633 · management and general $6,669

  • 23 · Insurance

    total $48,004 · management and general $48,004

  • 24a · Other expenses: RENTAL PROPERTY EXPENSE

    total $525,177 · program services $525,177

  • 24b · Other expenses: COMMUNITY PROGRAM EXPEN

    total $211,117 · program services $211,117

  • 24c · Other expenses: BANK FEES

    total $47,967 · program services $40,182 · management and general $7,785

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $18,876 · program services $18,876

  • 24e · All other expenses

    total $10,292 · management and general $10,292

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $247,928 · end of year $214,839

  • 2 · Savings and temporary cash investments

    beginning of year $682,486 · end of year $783,795

  • 3 · Pledges and grants receivable

    beginning of year $39,538 · end of year $26,874

  • 4 · Accounts receivable

    beginning of year $44,951 · end of year $360,794

  • 6 · Loans and receivables from disqualified persons

    beginning of year $75,000 · end of year $58,240

  • 8 · Inventories for sale or use

    beginning of year $2 · end of year $2

  • 9 · Prepaid expenses and deferred charges

    beginning of year $26,287 · end of year $18,219

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

    $11,945,738

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

    $3,298,919

  • 10c · Land, buildings and equipment, net

    beginning of year $8,766,980 · end of year $8,646,819

  • 13 · Investments: program-related

    beginning of year $699,228 · end of year $698,731

  • 15 · Other assets

    beginning of year $215,114 · end of year $248,275

  • 17 · Accounts payable and accrued expenses

    beginning of year $377,514 · end of year $181,066

  • 19 · Deferred revenue

    beginning of year $1,246 · end of year $20,093

  • 23 · Secured mortgages and notes payable

    beginning of year $5,922,921 · end of year $5,734,382

  • 25 · Other liabilities

    beginning of year $417,247 · end of year $466,313

  • 27 · Net assets without donor restrictions

    beginning of year $3,906,829 · end of year $4,482,977

  • 28 · Net assets with donor restrictions

    beginning of year $171,757 · end of year $171,757

Mission and programs · 2023

Mission

HANDS' MISSION IS TO KEEP THE NEIGHBORHOODS OF ORANGE AND EAST ORANGE PLACES WHERE PEOPLE CAN AND DO CHOOSE TO RAISE THEIR FAMILY AND RUN THEIR BUSINESS.

Activities or mission (Part I)

HANDS' MISSION IS TO BUILD COMMUNITY AND STRENGTHEN NEIGHBORHOODS IN AND AROUND ORANGE, NJ.

  • REAL ESTATE DEVELOPMENT- COMPLETE AND SELL AN AFFORDABLE REHABBED HOME. MANAGE THE PREDEVELOPMENT OF TWO MIXED-USE ARTS-RELATED DEVELOPMENTS IN THE VALLEY ARTS DISTRICT.

    Expenses $1,378,697 · Revenue $1,242,011

  • COMMUNITY BUILDING AND ORGANIZING- BUILDING CIVIC ENGAGEMENT AND EMPOWERMENT THROUGH DEVELOPING RESIDENT LEADERSHIP FOR ADVOCAY AND PROGRAMMING. WORK IN COLLABORATION WITH PARTNERS ON INITIATIVES IN COMMUNITY ARTS, PROGRAMMING FOR RAISING COMMUNITY HEALTH AND PLANNING AND ADVOCACY TO IMPROVEMENT THE BUILT ENVIRONMENT AND COMMUNITY PROGRAMS.

    Expenses $308,586

  • HOMEOWNERSHIP PROMOTION- OFFERING FINANCIAL CAPABILITIES WORKSHOPS AND COACHING REFERRALS TO ASSIST COMMUNITY RESIDENTS TO TAKE CONTROL OF THEIR FINANCIAL FUTURE, IMPROVE THEIR FINANCIAL MANAGEMENT HABITS AND IMPROVE THEIR READINESS TO PURCHASE A HOME OR MEET OTHER FINANCIAL GOALS. SELL QUALITY AFFORDABLE HOMES TO PREPARED BUYERS.

    Expenses $1,931

As filed on the 2023 return.

Listed in Part VII

  • Steven Gomez

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Rebecca Doggett

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Scott Schultz

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Harold Simon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mindy Thompson Fullilove MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Naeema Campbell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Regina Barboza

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Lisa Boyd

    EXECUTIVE DIRECTOR

    Total calculated
    $99,998
    From this org
    $99,998
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

  • Tesha Kelley

    DIRECTOR OF FINANCE

    Total calculated
    $50,000
    From this org
    $50,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

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.

Grants on this return

No itemized grants to organizations on this return.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • VILLITA ARTES

    REAL ESTATE · NJ · income $525,136 · assets $5,028,738

    Directly controlled by HANDS INC

  • VALLEY RENAISSANCE URBAN RENEWAL ENTITY

    REAL ESTATE · NJ

    Directly controlled by HANDS INC

Related partnerships

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

  • OPERATION NEIGHBORHOOD RECOVERY

    REAL ESTATE · NJ · 41.38% owned · share of assets $1,917 · general or managing partner

  • VALLEY REVITALIZATION LLC

    REAL ESTATE · NJ · 50% owned · share of assets $552,399 · general or managing partner

Provenance

Return type
form_990
Tax year
2023
Filed
9 May 2025
IRS schema version
2023v6.0
Source object
202521339349303522

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