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Nonprofiteer
← NEVADA H A N D INC

Form 990 for tax year 2022

Filed by NEVADA H A N D INC.

Totals

Total revenue
$4,567,076
Total expenses
$7,962,928
Contributions and grants received
$1,341,714
Grants paid
$0
Program service revenue
$2,480,222
Investment income
$0
Other revenue
$745,140
Total assets, end of year
$81,654,943
Total liabilities, end of year
$66,210,683
Net assets or fund balances, end of year
$15,444,260
Program services expenses (Part IX)
$1,830,020
Management and general expenses
$6,132,908
Fundraising expenses
$0
Program service expenses (Part III)
$1,830,020

Program services were 23.0% 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

    $527,271

  • 1e · Government grants (contributions)

    $605,147

  • 1f · All other contributions, gifts and grants

    $209,296

  • 1g · Noncash contributions included above

    $209,296

  • 2a · Program service revenue: INTEREST INCOME

    total $2,240,111 · related or exempt $2,240,111

  • 2b · Program service revenue: PROGRAM SERVICE FEE

    total $240,111 · related or exempt $240,111

  • 11a · Other revenue: OTHER INCOME

    total $745,140 · related or exempt -$89,228 · excluded $834,368

  • 11e · Other revenue, total

    $745,140

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,995,474 · management and general $2,995,474

  • 7 · Other salaries and wages

    total $1,345,567 · program services $1,270,882 · management and general $74,685

  • 9 · Other employee benefits

    total $510,852 · program services $231,041 · management and general $279,811

  • 10 · Payroll taxes

    total $270,054 · program services $100,542 · management and general $169,512

  • 11a · Fees: management

    total $763,401 · program services $1,113 · management and general $762,288

  • 11b · Fees: legal

    total $6,478 · management and general $6,478

  • 11c · Fees: accounting

    total $77,750 · management and general $77,750

  • 12 · Advertising and promotion

    total $106,235 · management and general $106,235

  • 13 · Office expenses

    total $29,907 · management and general $29,907

  • 16 · Occupancy

    total $374,450 · management and general $374,450

  • 17 · Travel

    total $51,865 · program services $7,519 · management and general $44,346

  • 20 · Interest

    total $8,500 · management and general $8,500

  • 22 · Depreciation, depletion and amortization

    total $129,188 · management and general $129,188

  • 23 · Insurance

    total $114,861 · program services $37,837 · management and general $77,024

  • 24a · Other expenses: COMPUTER

    total $305,633 · program services $13,460 · management and general $292,173

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

    total $209,296 · program services $13,800 · management and general $195,496

  • 24c · Other expenses: DONATIONS

    total $165,242 · management and general $165,242

  • 24d · Other expenses: OFFICE SUPPLIES

    total $131,890 · program services $82,553 · management and general $49,337

  • 24e · All other expenses

    total $366,285 · program services $71,273 · management and general $295,012

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,216,794 · end of year $125,321

  • 2 · Savings and temporary cash investments

    beginning of year $2,864,187 · end of year $2,689,329

  • 3 · Pledges and grants receivable

    beginning of year $100,000 · end of year $0

  • 4 · Accounts receivable

    beginning of year $103,477 · end of year $147,055

  • 7 · Other notes and loans receivable

    beginning of year $53,164,712 · end of year $53,732,339

  • 9 · Prepaid expenses and deferred charges

    beginning of year $140,090 · end of year $332,178

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

    $1,129,180

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

    $697,261

  • 10c · Land, buildings and equipment, net

    beginning of year $371,176 · end of year $431,919

  • 12 · Investments: other securities

    beginning of year $14,161,622 · end of year $24,196,802

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,077,348 · end of year $1,091,007

  • 19 · Deferred revenue

    beginning of year $2,448,510 · end of year $2,241,068

  • 24 · Unsecured notes and loans payable

    beginning of year $54,756,088 · end of year $62,878,608

  • 27 · Net assets without donor restrictions

    beginning of year -$30,303,510 · end of year -$31,866,029

  • 28 · Net assets with donor restrictions

    beginning of year $49,143,622 · end of year $47,310,289

Mission and programs · 2022

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 $605,147 · Revenue $2,240,111

  • 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 $1,830,020 · Grants $736,567 · Revenue $240,111

  • 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 $745,140

As filed on the 2022 return.

Listed in Part VII

  • Ken Ladd

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.8
  • 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
  • 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
    $552,441
    From this org
    $525,750
    From related orgs
    $0
    Other
    $26,691
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $369,212
    Bonus
    $156,538
    Other
    $0
    Deferred
    $12,200
    Nontaxable benefits
    $14,491
    Filer's total
    $552,441
  • Timothy Veenstra

    COO

    Total calculated
    $383,246
    From this org
    $359,049
    From related orgs
    $0
    Other
    $24,197
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $262,018
    Bonus
    $97,031
    Other
    $0
    Deferred
    $10,338
    Nontaxable benefits
    $13,859
    Filer's total
    $383,246
  • Megan Schimick

    CFO

    Total calculated
    $367,546
    From this org
    $355,653
    From related orgs
    $0
    Other
    $11,893
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $264,078
    Bonus
    $91,575
    Other
    $0
    Deferred
    $10,548
    Nontaxable benefits
    $1,345
    Filer's total
    $367,546
  • Ralph Murphy

    SENIOR VP OF DEVELOPMENT

    Total calculated
    $197,528
    From this org
    $181,291
    From related orgs
    $0
    Other
    $16,237
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $164,079
    Bonus
    $17,212
    Other
    $0
    Deferred
    $7,169
    Nontaxable benefits
    $9,068
    Filer's total
    $197,528
  • Tracy Wortham

    VP OF HUMAN RESOURCES

    Total calculated
    $243,607
    From this org
    $220,703
    From related orgs
    $0
    Other
    $22,904
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $176,715
    Bonus
    $43,988
    Other
    $0
    Deferred
    $8,467
    Nontaxable benefits
    $14,437
    Filer's total
    $243,607
  • Kathalene Carpenter

    VP OF ASSET MANAGEMENT

    Total calculated
    $246,452
    From this org
    $228,504
    From related orgs
    $0
    Other
    $17,948
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $183,935
    Bonus
    $44,569
    Other
    $0
    Deferred
    $7,776
    Nontaxable benefits
    $10,172
    Filer's total
    $246,452
  • Waldon Swenson

    VP OF CORPORATE AFFAIRS

    Total calculated
    $257,614
    From this org
    $239,249
    From related orgs
    $0
    Other
    $18,365
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $192,674
    Bonus
    $46,575
    Other
    $0
    Deferred
    $9,606
    Nontaxable benefits
    $8,759
    Filer's total
    $257,614
  • Kristin Friedli

    CONTROLLER

    Total calculated
    $194,858
    From this org
    $176,838
    From related orgs
    $0
    Other
    $18,020
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $150,414
    Bonus
    $26,424
    Other
    $0
    Deferred
    $7,240
    Nontaxable benefits
    $10,780
    Filer's total
    $194,858
  • Lisa Siebrecht

    DIRECTOR OF HUMAN RESOURCE

    Total calculated
    $131,863
    From this org
    $116,988
    From related orgs
    $0
    Other
    $14,875
    Hours/week
    45
  • Marissa Shoop

    DIRECTOR OF RESIDENT SERVICES

    Total calculated
    $121,263
    From this org
    $102,727
    From related orgs
    $0
    Other
    $18,536
    Hours/week
    45
  • David Paull

    FORMER VP OF DEVELOPMENT

    Total calculated
    $178,814
    From this org
    $167,204
    From related orgs
    $0
    Other
    $11,610
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $105,403
    Bonus
    $61,801
    Other
    $0
    Deferred
    $6,770
    Nontaxable benefits
    $4,840
    Filer's total
    $178,814
  • Alaina Leadbeter

    FORMER DIRECTOR OF COMMUNICATIONS AND MARKETING

    Total calculated
    $120,242
    From this org
    $107,023
    From related orgs
    $0
    Other
    $13,219
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $95,845
    Bonus
    $11,178
    Other
    $0
    Deferred
    $4,288
    Nontaxable benefits
    $8,931
    Filer's total
    $120,242

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 -$731,227 · share of assets $4,155,195

  • LAS VEGAS HOUSING PARTNERS LIMITED PARTNERSHIP

    INVESTMENT · LOW INCOME HOUSING · NV · 0.5% owned · share of income $1,781 · general or managing partner

  • MOJAVE HOUSING LIMITED PARTNERSHIP

    INVESTMENT · LOW INCOME HOUSING · NV · 1% owned · share of income $401 · general or managing partner

  • HENDERSON HOUSING PARTNERS LLC

    INVESTMENT · LOW INCOME HOUSING · NV · 1% owned · share of income $2,662 · general or managing partner

  • SILVER SKY ASSISTED LIVING A NEVADA LP

    INVESTMENT · LOW INCOME HOUSING · MA · 99.99% owned · share of income $960,000 · share of assets $696,135

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 -$2,300 · share of assets $300

    Directly controlled by NEVADA HAND INC

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202313179349308156

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