Nevada H.A.N.D.

What Nevada H.A.N.D. does

Nevada HAND (legally Nevada HAND, Inc.) is a 501(c)(3) nonprofit organization founded in 1993 that operates as the largest developer, builder, and manager of affordable rental housing in Nevada, serving low-income seniors, working families, and young adults aging out of foster care across Southern Nevada. The organization operates four service lines — Development, Construction, Property Management, and Resident Services — and runs an integrated affordable housing platform anchored by 37 communities containing over 5,400 units that house more than 8,300 residents in the Las Vegas, North Las Vegas, Henderson, Reno, and Mesquite markets. Its property portfolio spans income-qualified family apartments (e.g., Boulder Pines Family Apartments at $950–$2,195/month), senior apartment communities (Rome Pines Senior Apartments at 220 units, Decatur Commons senior units), and two affordable assisted living facilities (Deer Springs and Silver Sky) with inclusive monthly rates of $2,893–$3,732. Nevada HAND's Resident Services program is CORES-certified (Certified Organization for Resident Engagement & Services) and operates around four pillars — Education, Health and Wellness, Economic Stability, and Engagement — with on-site coordinators at every community.

The business model combines three primary revenue streams: recurring rental income from income-qualified leases governed by HUD AMI guidelines (typically 30%–80% of Area Median Income), subscription-based monthly assisted living fees, and grants and public funding from sources including FHLBank San Francisco's Nevada Targeted Fund, HOME Funds from Clark County and municipalities, National Housing Trust Fund allocations, Low-Income Housing Tax Credit equity, and conventional permanent financing from banks such as Bank of America and Citibank. Prospective residents are acquired through on-site leasing offices, an online RENTCafé/Securecafe portal, project-based vouchers administered by the Southern Nevada Regional Housing Authority, and referrals from a network of 20+ community partners including Catholic Charities, Three Square, United Way, Boys and Girls Club, UNLV, and Touro University Nevada. The underlying technology stack is operational rather than product-oriented — a Yardi RENTCafé property management/resident portal, a Securecafe online leasing platform, and Google Analytics — with no disclosed AI, proprietary models, or developer-facing APIs. The organization is led by President and CEO Audra Hamernik, Chairman of the Board Greg McKinley, and VP of Resident Services Brittani Gray.

Name

Nevada H.A.N.D.

Legal name

NEVADA HAND, INC.

Website

https://nevadahand.org

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

101–250 employees

Short description

Nevada HAND is a 501(c)(3) nonprofit founded in 1993 and Nevada's largest affordable housing developer, builder, and manager, operating 37 communities with 5,400+ units serving over 8,300 low-income seniors, working families, and foster youth across Southern Nevada.

Ownership category

akta.pro rank

Product category

Affordable Housing

NAICS

Rental and Leasing Services (532), Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (62331)

SIC

Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD)

akta.pro secondary industries

Affordable/Subsidized Independent Living (HUD/LIHTC) Communities (HLADAAAB), Rental / Fee-for-Service CCRCs (HLADAEAB), Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF)

Keywords

• Affordable housing development
• Property management services
• Assisted living facilities
• Resident services programs
• Senior housing communities

Headquarters

HQ city

Las Vegas

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Affordable Housing Rental Revenue: Nevada HAND generates primary revenue from rental income across its portfolio of 37 affordable housing communities serving low-income seniors and working families. Rent is set according to income-qualified guidelines based on HUD AMI levels.
2. Assisted Living Fees: Deer Springs Assisted Living charges monthly inclusive rates ranging from $2,893 to $3,732 for comprehensive senior care services including meals, housekeeping, medication management, and activities. Additional fees apply for transfers, incontinence care, and pharmacy services.
3. Grants and Public Funding: Nevada HAND receives grants from FHLBank San Francisco's Nevada Targeted Fund, government housing trust funds, HOME funds from Clark County and cities, National Housing Trust Fund allocations, and tax credit equity from investors like Bank of America and Citibank.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Nevada H.A.N.D. develops, builds, owns, and manages affordable rental apartment communities for low-income seniors and working families in Southern Nevada. Its portfolio of 37 communities with over 5,400 units generates revenue through rent and assisted living fees, complemented by two dedicated assisted living facilities (Deer Springs and Silver Sky) and a CORES-certified Resident Services program covering education, health and wellness, economic stability, and community engagement.

Product overview

Nevada HAND is Nevada's largest developer, builder, and manager of affordable rental homes for low-income seniors and working families. The company operates 37 apartment communities serving over 8,300 residents in Southern Nevada, organized around four service lines: Development (real estate development of new communities), Construction (building affordable housing properties), Property Management (managing existing communities), and Resident Services (supportive programs). Core product offerings include family apartment communities (Boulder Pines Family Apartments, Decatur Commons family units), senior apartment communities (Rome Pines Senior Apartments, Decatur Commons senior units), and assisted living facilities (Deer Springs Assisted Living, Silver Sky). The Resident Services Program, CORES-certified and aligned around Four Pillars (Education, Health and Wellness, Economic Stability, Engagement), distinguishes Nevada HAND's affordable housing from market-rate competitors by providing wraparound supportive services described as 'More Than a Home.'

Differentiator

Problem solved

Functional benefit

Products and services

• Rome Pines Senior Apartments 220-unit affordable housing community in North Las Vegas serving low-income seniors with one- and two-bedroom apartments, Energy Star appliances, solar power, and on-site Resident Services.
• Decatur Commons 480-unit mixed-use affordable housing community in Las Vegas with 240 family units and 240 senior units for households earning 30%-80% of Area Median Income, developed in partnership with George Gekakis, Inc.
• Sunrise Ranch Apartments 144-unit affordable family housing community in Henderson with up to 60 units for young adults transitioning from foster care; features clubhouse, computer lab, fitness center, and playground.
• Boulder Pines Family Apartments Family affordable rental housing community at 4375 Boulder Hwy, Las Vegas, offering 2-bedroom ($950-$1,900/month) and 3-bedroom ($1,097-$2,195/month) apartments with income-qualified rents.
• Buffalo Cactus Senior Apartments New affordable senior housing community in southwest Las Vegas offering apartment homes for low-income seniors aged 55+.
• Deer Springs Assisted Living Affordable assisted living community for seniors at 6741 N. Decatur Blvd., Las Vegas, with inclusive monthly rate of $2,893-$3,732 covering meals, housekeeping, laundry, medication management, daily activities, transportation, and 24-hour caregivers.
• Silver Sky Assisted Living Affordable assisted living facility for seniors offering private apartments with on-site dining, life enrichment activities, medication management, therapy dog visits, and care coordination with healthcare professionals.
• Resident Services Program CORES-certified wraparound supportive services program available at all Nevada HAND communities, offering financial literacy workshops, computer classes, food pantries, senior transportation, and community engagement programming.

Quantifiable outcome

• Serving over 8,300 residents across 37 communities
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Partnerships

19 partnerships are on record, tiered core and minor.

• Clark County (Social Services - Step Up Program)coreStrategic or Co-development Partner · 3 March 2025Clark County Social Services provides the Step Up program for on-site support services for up to 60 young adults aging out of foster care at Sunrise Ranch Apartments. Deputy Director Alisha Barrett spoke at the groundbreaking.
• Southern Nevada Regional Housing AuthoritycoreStrategic or Co-development Partner · 3 March 2025SNRHA providing long-term rental assistance (project-based vouchers) for 33 units at Sunrise Ranch development, ensuring access to high-quality housing and long-term financial stability for residents.
• George Gekakis, Inc.coreStrategic or Co-development Partner · 3 November 2022Development partnership for Decatur Commons, Nevada HAND's 480-unit mixed-use community (240 family + 240 senior units) that opened in 2022. Received NAIOP Spotlight Honor Award for Mixed-Use Development.
• Boys and Girls Club of Southern NevadacoreStrategic or Co-development PartnerCommunity partner providing after-school programming and activities for children at Nevada HAND family communities.
• Catholic Charities of Southern NevadacoreStrategic or Co-development PartnerCommunity partner providing social services and support resources for Nevada HAND residents.
• Three Square (Southern Nevada Food Bank)coreStrategic or Co-development PartnerCommunity partner providing food assistance programs including Senior Choice Food Pantries and summer nutrition programs for children (Meet Up and Eat Up).
• United Way of Southern NevadacoreStrategic or Co-development PartnerCommunity partner providing resources and support services for Nevada HAND residents.
• UNLVcoreStrategic or Co-development PartnerUniversity partner providing educational programming, student volunteers, and health/wellness resources for Nevada HAND residents.
• Touro University NevadaminorStrategic or Co-development PartnerUniversity partner providing health and wellness resources and services for Nevada HAND residents.
• Compassion Care HospiceminorStrategic or Co-development PartnerCommunity partner providing hospice and end-of-life care support services for Nevada HAND senior residents.
• Economic Opportunity BoardminorStrategic or Co-development PartnerCommunity partner providing economic opportunity programs and resources for Nevada HAND residents.
• Lutheran Social Services of NevadaminorStrategic or Co-development PartnerCommunity partner providing social services for Nevada HAND residents.
• Hope LinkminorStrategic or Co-development PartnerCommunity partner providing resources and support services for Nevada HAND residents in the Henderson area.
• Vegas PBSminorStrategic or Co-development PartnerEducational media partner providing programming and educational resources for Nevada HAND residents.
• Future SmilesminorStrategic or Co-development PartnerCommunity partner providing dental services and screenings for children at Nevada HAND Back-to-School Wellness events.
• East Valley Family ServicesminorStrategic or Co-development PartnerCommunity partner providing family support services for Nevada HAND residents in the East Las Vegas area.
• Arizona Charlie'sminorOthersLead sponsor of the Decatur Commons Grand Opening event, supporting the celebration and ribbon cutting ceremony.
• WalgreensminorOthersVendor sponsor providing vaccines at the Senior Wellness Festival.
• YMCA (Bill and Lillie Heinrich YMCA)minorOthersVenue partner hosting the Senior Wellness Festival event; provides in-kind sponsorship and exercise programming.

Scale indicators11 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• The NHP Foundation: Nonprofit affordable housing owner/operator focused on LIHTC-financed multifamily and senior communities. Comparable mission, ownership structure, and reliance on tax credit equity and government subsidy programs.
• Enterprise Community Partners: National nonprofit that develops and operates affordable housing combined with resident services and community development programming. Comparable scale, nonprofit structure, and 'housing plus services' approach to Nevada HAND.
• National Church Residences: Nonprofit affordable senior housing developer and operator with significant assisted living exposure. Directly comparable to Nevada HAND's senior-focused affordable housing and assisted living portfolio, including services-rich operating model.
• Mercy Housing: National 501(c)(3) nonprofit affordable housing developer and operator serving low-income families, seniors, and people with special needs. Closely comparable to Nevada HAND as a vertically integrated nonprofit combining development, property management, and supportive resident services.
• Volunteers of America: National nonprofit operating affordable and supportive housing for low-income seniors, families, and special needs populations. Comparable in combining property management with wraparound supportive services and government funding reliance.
• BRIDGE Housing: Nonprofit affordable housing developer and manager with a portfolio of LIHTC-financed rental communities serving low-income families and seniors. Comparable in nonprofit ownership, mixed family/senior portfolio, and West Coast geographic exposure.
• Preservation of Affordable Housing (POAH): Nonprofit acquirer, developer, and operator of affordable rental housing with on-site resident services. Comparable in combining affordable housing operations with services-based resident programming across multiple states.

Broad incumbents

• The Michaels Organization: National affordable and workforce housing developer and manager with deep LIHTC and HUD exposure. Comparable in developing and managing affordable rental communities, though operates as a larger for-profit incumbent across multiple states.
• Related Companies (Affordable Division): Large diversified real estate firm with a substantial affordable housing development arm producing LIHTC-financed communities nationally. Comparable product (affordable multifamily) but operates as a much larger for-profit incumbent rather than a nonprofit specialist.
• WinnCompanies: Large multifamily owner/manager with significant affordable housing (LIHTC) portfolio. Overlaps with Nevada HAND on property management of affordable communities but is a much larger for-profit operator without the nonprofit/mission-driven focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/nevadahandlv
• YouTubeyoutube.com/channel/UCzYC9LJhQ3A42Sm54OLo9Dw?view_as=subscriber
• Facebookfacebook.com/nevadahandlv
• LinkedInlinkedin.com/company/nevada-hand
• Instagraminstagram.com/nevadahandlv

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nevada H.A.N.D.