Nevada H A N D INC EIN 84-1247057

Nevada H A N D INC

EIN  84-1247057 Public foundation / grantmaker Las Vegas, NV
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/23/26 · see original filing: IRS
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Size
$1–10M
What they do
Develops affordable housing and provides resident services for seniors and low-income families.
Leadership
Audra Hamernik · President and CEO · $577K
Money in and out
$5.1M revenue, $9.1M expenses
Bottom line
27% program efficiency

Develops affordable housing and provides resident services for seniors and low-income families. For fiscal year 2024 it reported $5.1M in revenue, $9.1M in expenses, and $7.6M in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$5.1M
Pt VIII · Ln 12
Total expenses
$9.1M
Pt IX · Ln 25
Net assets
$7.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$4.0M
Where spending went · Part IX cols B–D
Program services $0.27 Management & general $0.68 Fundraising $0.05
Program efficiency
27%
of spending reaches programs▲ +10% vs prior filing year
Operating runway
44.4mo
months of highly liquid reserves at operating expense rate0% vs prior filing year
Surplus margin
-78%
revenue over expenses, this year▲ +7% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$5.1M
FY2024▲ +13%
Expenses
$9.1M
FY2024▲ +9%
Total assets
$93.8M
FY2024▲ +9%
Total liabilities
$86.2M
FY2024▲ +16%
Total revenue
$5.1M
Pt VIII · Ln 12
Total expenses
$9.1M
Pt IX · Ln 25
Net assets
$7.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$4.0M
Total assetsPt X · Ln 16$93.8M
Program-expense ratioPt IX · col B27%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413
Mission & Programs · Part III

Where the work happens

3 program services account for $2.5M of program spending, described in the organization's own filed words · FY2024.
01

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.

$2.5Mprogram expense
02

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.

Pt IX · col B
03

Managed the development of various projects which will provide home ownership opportunities to low to moderate income individuals, seniors, and families.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNevada H A N D INC
EINHdr · item D84-1247057
Principal addressHdr · item CLas Vegas, NV
WebsiteHdr · item Jwww.nevadahand.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNV
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T99Z)
Ruling yearIRS BMFJun 1997

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President and CEO
$577,068Pt VII · Sec A
$401,510Pt VII · Sec A
$394,254Pt VII · Sec A
Senior VP of Development
$288,125Pt VII · Sec A
VP of Corporate Affairs
$260,981Pt VII · Sec A
VP of Asset Management
$254,921Pt VII · Sec A
VP of Human Resources
$254,661Pt VII · Sec A
Controller
$209,020Pt VII · Sec A

Audra Hamernik’s $577K as President and CEO is at the 100th percentile of top reported officer pay among 1688 $1–10M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Audra Hamernik$577,068$556,001$525,750$497,294$376,267
Megan Schimick$401,510$379,272$355,653$331,793$286,150
Timothy Veenstra$394,254$378,899$359,049$340,381$172,332
Hilliary Jeffries$289,242
Ralph Murphy$288,125$247,645$181,291$152,146$136,905
Waldon Swenson$260,981$252,550$239,249$230,448$179,385
Kathalene Carpenter$254,921$244,065$228,504$217,588$205,009
Tracy Wortham$254,661$233,346$220,703$201,055$123,597

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$2.6M · 50%
Contributions & grants$1.4M · 27%
Other revenue$1.2M · 23%
Program service revenue50%$2.6M
Contributions & grants27%$1.4M
Other revenue23%$1.2M
— government grantsLn 1e$543K
Total revenueLn 12$5.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.27 Management & general $0.68 Fundraising $0.05
Program services27%$2.5M
Management & general68%$6.3M
Fundraising5%$426K
Total functional expensesLn 25$9.1M

Balance Sheet

Part X · end of year
CashLn 1$7.3M
Total assetsLn 16$93.8M
Total liabilitiesLn 26$86.2M
Total net assetsLn 32$7.6M
Months of cash on handcomputed9.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $33.6M · Operating expenses (Pt IX) $9.1M · Less non-cash grants $63K · Cash operating expenses/yr $9.1M
44.4 months
Where the money goes
Program services
Program services $2.5M · Total expenses $9.1M
27%
Management & General
Management & general $6.3M · Total expenses $9.1M
68%
Fundraising
Fundraising $426K · Total expenses $9.1M
5%
Cost to raise $1
Fundraising expense (3-yr avg) $142K · Solicited contributions (3-yr avg) $807K
$0.18 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.4M · Total revenue $5.1M
27%
Government reliance
Government grants $543K · Total revenue $5.1M
11%
Earned-income share
Program service revenue $2.6M · Total revenue $5.1M
50%
Investment reliance
Investment income $0 · Total revenue $5.1M
0%
Program self-sufficiency
Program service revenue $2.6M · Total expenses $9.1M
28%
Growth & trend
Revenue growth (YoY)
This year $5.1M · Prior year $4.5M
+13%
Revenue CAGR
FY2020 $4.8M · FY2024 $5.1M
+2%
Net-asset trend (YoY)
End of year $7.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $5.1M · Expenses $9.1M
-78%
Liabilities-to-Assets
Total liabilities — · Total assets $93.8M
Net-asset ratio
Net assets $7.6M · Total assets $93.8M
8%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $26.3M · Total assets (Pt X, ln 16) $93.8M
28%
People & payroll
Highest Reported Total Compensation
Individual Audra Hamernik · Reported title PRESIDENT AND CEO · Highest reported compensation $577K · Total expenses $9.1M
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $6.4M · Total expenses $9.1M
70%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 27%
Overhead ratio 68%
Fundraising cost ratio 31%
Revenue growth 13%
Legal fee ratio 0%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$32K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$5.1M revenue · viewing · ⤓ 990 PDF
FY2023$4.5M revenue · ⤓ 990 PDF
FY2022$4.6M revenue · ⤓ 990 PDF
FY2021$13.6M revenue · ⤓ 990 PDF
FY2020$4.8M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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