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Nonprofiteer
← NEVADA H A N D INC

Form 990 for tax year 2023

Filed by NEVADA H A N D INC.

Totals

Total revenue
$4,545,993
Total expenses
$8,364,423
Contributions and grants received
$1,424,307
Grants paid
$0
Program service revenue
$2,513,764
Investment income
$0
Other revenue
$607,922
Total assets, end of year
$85,767,134
Total liabilities, end of year
$74,141,304
Net assets or fund balances, end of year
$11,625,830
Program services expenses (Part IX)
$2,043,586
Management and general expenses
$6,320,837
Fundraising expenses
$0
Program service expenses (Part III)
$2,043,586

Program services were 24.4% 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

    $762,644

  • 1e · Government grants (contributions)

    $587,618

  • 1f · All other contributions, gifts and grants

    $74,045

  • 1g · Noncash contributions included above

    $74,045

  • 2a · Program service revenue: INTEREST INCOME

    total $2,266,711 · related or exempt $2,266,711

  • 2b · Program service revenue: PROGRAM SERVICE FEE

    total $247,053 · related or exempt $247,053

  • 11a · Other revenue: OTHER INCOME

    total $607,922 · related or exempt $30,275 · excluded $577,647

  • 11e · Other revenue, total

    $607,922

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $3,065,122 · management and general $3,065,122

  • 7 · Other salaries and wages

    total $1,814,053 · program services $1,406,985 · management and general $407,068

  • 9 · Other employee benefits

    total $555,534 · program services $234,744 · management and general $320,790

  • 10 · Payroll taxes

    total $308,325 · program services $109,784 · management and general $198,541

  • 11a · Fees: management

    total $592,491 · program services $1,153 · management and general $591,338

  • 11b · Fees: legal

    total $9,548 · management and general $9,548

  • 11c · Fees: accounting

    total $75,750 · management and general $75,750

  • 12 · Advertising and promotion

    total $151,682 · management and general $151,682

  • 13 · Office expenses

    total $31,660 · management and general $31,660

  • 16 · Occupancy

    total $380,708 · management and general $380,708

  • 17 · Travel

    total $93,110 · program services $10,364 · management and general $82,746

  • 20 · Interest

    total $8,375 · management and general $8,375

  • 22 · Depreciation, depletion and amortization

    total $123,362 · management and general $123,362

  • 23 · Insurance

    total $113,353 · program services $35,321 · management and general $78,032

  • 24a · Other expenses: COMPUTER

    total $311,819 · program services $6,509 · management and general $305,310

  • 24b · Other expenses: OFFICE SUPPLIES

    total $162,071 · program services $108,037 · management and general $54,034

  • 24c · Other expenses: MISCELLANEOUS

    total $75,079 · program services $57,746 · management and general $17,333

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

    total $74,045 · program services $20,721 · management and general $53,324

  • 24e · All other expenses

    total $418,336 · program services $52,222 · management and general $366,114

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $125,321 · end of year $6,978,831

  • 2 · Savings and temporary cash investments

    beginning of year $2,689,329 · end of year $1,978,552

  • 4 · Accounts receivable

    beginning of year $147,055 · end of year $98,432

  • 7 · Other notes and loans receivable

    beginning of year $53,732,339 · end of year $54,131,174

  • 9 · Prepaid expenses and deferred charges

    beginning of year $332,178 · end of year $412,554

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

    $1,047,142

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

    $692,275

  • 10c · Land, buildings and equipment, net

    beginning of year $431,919 · end of year $354,867

  • 12 · Investments: other securities

    beginning of year $24,196,802 · end of year $21,812,724

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,091,007 · end of year $719,941

  • 19 · Deferred revenue

    beginning of year $2,241,068 · end of year $1,941,882

  • 24 · Unsecured notes and loans payable

    beginning of year $62,878,608 · end of year $71,479,481

  • 27 · Net assets without donor restrictions

    beginning of year -$31,866,029 · end of year -$34,864,822

  • 28 · Net assets with donor restrictions

    beginning of year $47,310,289 · end of year $46,490,652

Mission and programs · 2023

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 $587,618 · Revenue $2,266,711

  • 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 $2,043,586 · Grants $836,689 · Revenue $247,053

  • 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 $607,922

As filed on the 2023 return.

Listed in Part VII

  • Terry Shirey

    CHAIRMAN

    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
  • Ken Ladd

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.8
  • Vicky Vanmeetren

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.8
  • Sam Loya

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.8
  • Bruce Spotleson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.8
  • Marie Wilson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.8
  • Candace Rosiak

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.8
  • Eric Horn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.8
  • Kathy Silver

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.8
  • Bob White

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.8
  • Greg McKinley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.8
  • Eloiza Martinez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.8
  • Audra Hamernik

    PRESIDENT AND CEO

    Total calculated
    $583,756
    From this org
    $556,001
    From related orgs
    $0
    Other
    $27,755
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $391,637
    Bonus
    $164,364
    Other
    $0
    Deferred
    $13,200
    Nontaxable benefits
    $14,555
    Filer's total
    $583,756
  • Timothy Veenstra

    COO

    Total calculated
    $404,147
    From this org
    $378,899
    From related orgs
    $0
    Other
    $25,248
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $277,986
    Bonus
    $100,913
    Other
    $0
    Deferred
    $11,389
    Nontaxable benefits
    $13,859
    Filer's total
    $404,147
  • Megan Schimick

    CFO

    Total calculated
    $391,807
    From this org
    $379,272
    From related orgs
    $0
    Other
    $12,535
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $280,134
    Bonus
    $99,138
    Other
    $0
    Deferred
    $11,189
    Nontaxable benefits
    $1,346
    Filer's total
    $391,807
  • Ralph Murphy

    SENIOR VP OF DEVELOPMENT

    Total calculated
    $265,900
    From this org
    $247,645
    From related orgs
    $0
    Other
    $18,255
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $214,576
    Bonus
    $33,069
    Other
    $0
    Deferred
    $9,787
    Nontaxable benefits
    $8,468
    Filer's total
    $265,900
  • Tracy Wortham

    VP OF HUMAN RESOURCES

    Total calculated
    $257,308
    From this org
    $233,346
    From related orgs
    $0
    Other
    $23,962
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $187,599
    Bonus
    $45,747
    Other
    $0
    Deferred
    $9,503
    Nontaxable benefits
    $14,459
    Filer's total
    $257,308
  • Kathalene Carpenter

    VP OF ASSET MANAGEMENT

    Total calculated
    $261,701
    From this org
    $244,065
    From related orgs
    $0
    Other
    $17,636
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $197,601
    Bonus
    $46,464
    Other
    $0
    Deferred
    $8,206
    Nontaxable benefits
    $9,430
    Filer's total
    $261,701
  • Waldon Swenson

    VP OF CORPORATE AFFAIRS

    Total calculated
    $271,448
    From this org
    $252,550
    From related orgs
    $0
    Other
    $18,898
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $204,112
    Bonus
    $48,438
    Other
    $0
    Deferred
    $10,139
    Nontaxable benefits
    $8,759
    Filer's total
    $271,448
  • Kristin Friedli

    CONTROLLER

    Total calculated
    $209,102
    From this org
    $190,469
    From related orgs
    $0
    Other
    $18,633
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $161,402
    Bonus
    $29,067
    Other
    $0
    Deferred
    $7,785
    Nontaxable benefits
    $10,848
    Filer's total
    $209,102
  • Daigo Ishikawa

    DIRECTOR OF REAL ESTATE DEVELOPMENT

    Total calculated
    $149,929
    From this org
    $135,378
    From related orgs
    $0
    Other
    $14,551
    Hours/week
    45
  • Marissa Shoop

    DIRECTOR OF RESIDENT SERVICES

    Total calculated
    $140,735
    From this org
    $121,375
    From related orgs
    $0
    Other
    $19,360
    Hours/week
    45
  • April Deane

    ASSISTANT CONTROLLER

    Total calculated
    $129,291
    From this org
    $119,354
    From related orgs
    $0
    Other
    $9,937
    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 -$342,371 · share of assets $4,374,456

  • LAS VEGAS HOUSING PARTNERS LIMITED PARTNERSHIP

    INVESTMENT · LOW INCOME HOUSING · NV · 0.5% owned · share of income $1,851 · general or managing partner

  • MOJAVE HOUSING LIMITED PARTNERSHIP

    INVESTMENT · LOW INCOME HOUSING · NV · 1% owned · share of income $413 · general or managing partner

  • HENDERSON HOUSING PARTNERS LLC

    INVESTMENT · LOW INCOME HOUSING · NV · 1% owned · share of income $2,652 · general or managing partner

  • SILVER SKY ASSISTED LIVING A NEVADA LP

    INVESTMENT · LOW INCOME HOUSING · MA · 99.99% owned · share of income $7,737

  • SOUTHERN PINES LP

    INVESTMENT · LOW INCOME HOUSING · NV · 99.99% owned

  • SOUTHERN PINES 2 LP

    INVESTMENT · LOW INCOME HOUSING · NV · 99.99% owned

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 -$2,550 · share of assets $248,250

    Directly controlled by NEVADA HAND INC

Provenance

Return type
form_990
Tax year
2023
Filed
6 November 2024
IRS schema version
2023v5.1
Source object
202403139349302480

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