Nj Hand Inc
- Assets
- $17.0m
- Revenue
- $484.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Lakewood, NJ
- Founding
- 10/2003
- Data as of
- 12/2022
- EIN
- 30-0148129
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 12/2022, 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 12/2022, NJ Hand Inc generated $484.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $578.9k during the year ending 12/2022. While expenses have increased by 15.8% per year over the past 8 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
2022
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) | Role | Hours | Compensation |
|---|---|---|---|
Sheldon Landman Assistant VP | Officer | 50 | $175,541 |
Gershon Biegeleisen Dir. | Trustee | 1 | $0 |
Gavriel Bodenheimer Secty/treas. | Trustee | 1 | $0 |
Meyer Grunhut Dir. | Trustee | 1 | $0 |
Abe Penzer Dir. | Trustee | 1 | $0 |
Shmuel Lefkowitz Pres. | Officer | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
J&j Group Llc Gen. Contractor | 12/30/22 | $580,834 |
Builders Firstsource Building Suppli | 12/30/22 | $1,802,151 |
George Masonry Inc Masonry | 12/30/22 | $572,515 |
B&r Heating & Cooling Hvac | 12/30/22 | $392,200 |
Atlantic Site Construction Con Struction | 12/30/22 | $563,179 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,500 |
| Total Program Service Revenue | $547,971 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$64,573 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $484,898 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,378 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $41,283 |
| Payroll taxes | $9,038 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,371 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,635 |
| Advertising and promotion | $7,355 |
| Office expenses | $51,018 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $118,111 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $167,043 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,069 |
| Insurance | $16,167 |
| All other expenses | $11,203 |
| Total functional expenses | $578,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $436,253 |
| Savings and temporary cash investments | $4,682,058 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $474,678 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $345,098 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,065,617 |
| Total assets | $17,003,704 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $4,000,000 |
| 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 | $0 |
| Other liabilities | $7,985,861 |
| Total liabilities | $11,985,861 |
| Net assets without donor restrictions | $5,017,843 |
| Net assets with donor restrictions | $0 |
| 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 | $17,003,704 |