Nj Hand Inc

Organization Overview

Nj Hand Inc is located in Lakewood, NJ. The organization was established in 2003. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, NJ Hand Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. NJ Hand Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, NJ Hand Inc generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 65.9% each year . All expenses for the organization totaled $541.7k during the year ending 12/2021. While expenses have increased by 17.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

DEVELOP AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES

Describe the Organization's Program Activity:

Part 3 - Line 4a

DEVELOP AND SELL AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES


TO BUILD LOW INCOME FAMILY HOUSING AND SELL WITH LEASE PURCHASE DOWNPAYMENT.


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Board, Officers & Key Employees

Name (title)Compensation
Sheldon Landman
Assistant VP
$218,001
Shmuel Lefkowitz
Pres.
$172,741
Abe Penzer
Dir.
$0
Gavriel Bodenheimer
Secty/treas.
$0
Gershon Biegeleisen
Dir.
$0
Meyer Grunhut
Dir.
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
J&j Group Llc
Gen. Contractor
$396,658
Prime Resources Group
Project Managem
$132,609
Shmuel Lefkowitz
Project Manager
$172,741
First Class Landscaping
Landscaper
$178,570
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,152,680
All other contributions, gifts, grants, and similar amounts not included above$1,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,153,680
Total Program Service Revenue$492,964
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,987,958
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,634,602

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