Nevada H A N D Inc
- Assets
- $77.1m
- Revenue
- $13.6m
- Investments
- $14.2m
- Employees
- 69
- Location
- Las Vegas, NV
- Founding
- 06/1997
- Data as of
- 12/2021
- EIN
- 84-1247057
Organization Overview
Nevada H A N D Inc is located in Las Vegas, NV. The organization was established in 1997. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Nevada H A N D Inc employed 69 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Nevada H A N D 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, Nevada H A N D Inc generated $13.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $7.3m during the year ending 12/2021. While expenses have increased by 4.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGED THE DEVELOPMENT OF VARIOUS PROJECTS WHICH WILL PROVIDE HOME OWNERSHIP OPPORTUNITIES TO LOW TO MODERATE INCOME INDIVIDUALS, SENIORS, AND FAMILIES.
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Audra Hamernik President | Officer | 45 | $497,294 |
Timothy Veenstra COO | Officer | 45 | $340,381 |
Megan Schimick CFO | Officer | 45 | $331,793 |
David Paull VP Of Development | Officer | 45 | $240,803 |
Waldon Swenson VP Of Corporate Affairs | Officer | 45 | $230,448 |
Kathalene Carpenter VP Asset Management | Officer | 45 | $217,588 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,008,888 |
| Government grants | $534,345 |
| All other contributions, gifts, grants, and similar amounts not included above | $71,166 |
| Noncash contributions included in lines 1a–1f | $71,166 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,614,399 |
| Total Program Service Revenue | $2,369,657 |
| Investment income | $8,535,297 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,558,861 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,661,205 |
| Compensation of current officers, directors, key employees. | $2,661,205 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,445,323 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $478,303 |
| Payroll taxes | $249,921 |
| Fees for services: Management | $712,252 |
| Fees for services: Legal | $30,805 |
| Fees for services: Accounting | $76,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $59,854 |
| Office expenses | $5,281 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $350,628 |
| Travel | $27,811 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,086 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $106,681 |
| Insurance | $115,144 |
| All other expenses | $323,039 |
| Total functional expenses | $7,300,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,216,794 |
| Savings and temporary cash investments | $2,864,187 |
| Pledges and grants receivable | $100,000 |
| Accounts receivable, net | $103,477 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $53,164,712 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $140,090 |
| Net Land, buildings, and equipment | $371,176 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $14,161,622 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $77,122,058 |
| Accounts payable and accrued expenses | $1,077,348 |
| Grants payable | $0 |
| Deferred revenue | $2,448,510 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $54,756,088 |
| Other liabilities | $0 |
| Total liabilities | $58,281,946 |
| Net assets without donor restrictions | -$30,303,510 |
| Net assets with donor restrictions | $49,143,622 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $77,122,058 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Nevada H A N D Inc has recieved totaling $289,430.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $100,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $100,000 |
Three Square Las Vegas, NV PURPOSE: CHARITABLE | $51,729 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $30,000 |
Nv Energy Charitable Foundation Reno, NV PURPOSE: AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES & SENIORS | $7,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $151 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neighborhood Partnerships Inc Portland, OR | $30,268,238 | $16,325,065 |
Coalition Of Homeless Services Providers Seaside, CA | $4,824,470 | $13,798,349 |
Applied Materials Foundation Santa Clara, CA | $3,893,946 | $2,033,120 |
Cal Poly Pomona Philanthropic Foundation Pomona, CA | $212,751,456 | $20,250,176 |
Intuitive Foundation Sunnyvale, CA | $66,087,520 | $30,041,225 |
Cal State Fullerton Philanthropic Foundation Fullerton, CA | $185,411,080 | $61,222,330 |
The Center For Common Concerns Inc San Francisco, CA | $4,578,561 | $9,221,724 |
Lacentra-Sumerlin Foundation Santa Barbara, CA | $23,655,418 | $9,034,857 |
Nevada H A N D Inc Las Vegas, NV | $77,122,058 | $13,558,861 |
Los Angeles Brotherhood Crusade - Black United Fund Inc Los Angeles, CA | $11,518,152 | $7,122,704 |
Ninos Latinos Unidos Foster Family Agency Bellflower, CA | $3,255,645 | $6,207,449 |
Earn Inc San Francisco, CA | $4,666,013 | $6,096,745 |