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Created: 06/09/2008 05:45:48 PM - Followers: 340 - Board type: Free - Posts Today: 0
Beneficial Holdings, Inc.
Beneficial Holdings Inc (BFHJ) Stock Message Board - InvestorsHub

Beneficial Holdings, Inc. is a Nevada Corporation headquartered in New Jersey. The Company is traded in the Pinksheets/OTC Markets under the symbol BFHJ.

Value From Market Knowledge


Our goal is to generate strong long-term financial returns from actively managed investments in operating companies. We are achieving our goal by acquiring, building and managing business that will enable us to be a leading integrator of value added technology and services for the Built Environment (Infrastructure, Buildings, Public Sector and Institutional Facilities).

Our core competencies are project management, commercial energy efficiency solutions, clean energy solutions, building management systems and data analytics.

The Company’s management team has successfully built and operated several mid-cap businesses over the past two decades. The team has real estate, capital markets and governmental contacts and has assembled access and rights to cutting edge technology, an extensive sales pipeline and world-class strategic partners.

The Company implements value added solutions for its real estate, government and institutional clients, originating and maintaining long term relationships upon which it can build a sustainable/profitable revenue stream. The Company’s mantra is “Value From Market Knowledge”. The Company relies on the long term relationships of its management to access under the radar opportunities. The Company designs, installs, finances, monitors, operates and maintains mid size and large scale solutions for its customers and clients, continually building and profiting from its long term relationships.

Beneficial Holdings, Inc. is a Nevada Corporation headquartered in New Jersey. The Company is traded in the Pinksheets/OTC Markets under the symbol BFHJ.


Gregory N Senkevitch –Chairman, President and Chief Executive Officer of Beneficial Holdings since April, 2012. He has a proven track record in creating value in growth oriented situations. Mr. Senkevitch is also Chairman, President and CEO of Somerset Property Trust, a real estate investment trust in formation. He is a graduate of Rider University (B.S. 1979). His previous business experience includes Ernst & Young, Prudential Financial, DKM Building Enterprises and Advance Realty Group.

John Johnson – President Real Estate Services Group. John has more than 30 years experience in the real estate industry, concentrating on commercial and residential development, management and brokerage. Previously he was Executive Managing Director -Whiteweld Barrister & Brown, Managing Director Newmark, Knight Frank, Senior Vice President – Alexander Summer and Vice President-Development – Jos. L. Muscarelle. John is a graduate of Pace University (BBA 1980) and completed and advanced program in real estate analysis at NYU in 1986.

Nicholas DiBitetto – Senior Vice President and Chief Financial Officer. Nick has 30 years experience in finance and accounting functions in the real estate industry. He is a Certified Public Accountant. Previously he was President of Edison Tax Services, an investor in real estate tax liens. He has held senior financial and accounting positions at: Advance Realty Group, SJP Properties, VIB Real Estate, The Related Companies and KPMG. He is a graduate of Baruch College.


Please contact us at:

Value From Market Knowledge
BFHJ Project Solutions, LLC
Solutions for the Built Environment
Real Estate Services Group - Beneficial Holdings, Inc.

Project Solutions provides real estate development,  asset,  property and construction management services to owners of commercial real estate, corporations, institutions and public sector entities. Our professionals have a deep and diverse skill set which allows us to provide solutions to a wide range of real estate applications.

Our professional team has been involved in over 150 million square feet of real estate solutions over the past 30 years. We have planned, financed, built, leased, managed, acquired and sold a diverse set of projects including residential, office, industrial, flex, retail, hospitality and mixed-use properties. Our team has gained their experience as real estate owners, managers, brokers and contractors; working for financial institutions, home builders, developers and service firms.

Our focus is on the solution. We strive to maximize the achieved metrics our clients’ objectives at minimal cost with the highest caliber professional talent.  Recent engagements by the Project Solutions professional team include:
In October, 2018 Project Solutions, entered into a joint venture with a landowner to develop a 250 unit multifamily rental property in northern New Jersey (the “Bergen JV”). The Bergen JV has entered into various agreements to acquire the land and development rights necessary to develop the project. Project Solutions is currently completing the land assemblage in order to commence the development.

Value From Market Knowledge


BFHJ Clean Energy Solutions, LLC
Solar - Combined Heat and Power - Waste to Energy
Our Clean Energy Group concentrates on Commercial Solar Projects, Combined Heat and Power Projects and Waste to Energy Projects.

Value From Market Knowledge


BFHJ Energy Solutions, LLC
Comprehensive Turn-key Energy Management Solutions

BFHJ Energy Solutions, LLC is an integrator of value added energy conservation technologies and services for the Built Environment (Infrastructure, Buildings, Public Sector and Institutional Facilities). Energy Solutions provides comprehensive turn-key solutions including, evaluation, design, installation, finance, operations, monitoring, maintenance and analytics.


Energy Solutions is concentrating on three major technology platforms –  LED relamping installations, solar and on-grid LED streetlights and comprehensive building management systems.


Energy Solutions has developed solar street light applications as well as environmental monitoring systems and protocols for the Built Environment. These technologies were developed in conjunction with established technology companies and we retain all US marketing rights.


We have established the Virtual Property ManagerSM branding for our system and retain rights to the service mark.

Currently, BES is operating in 12 states, and has successfully completed more than 250 projects

Value From Market Knowledge


1.      The Company seeks to acquire and invest in existing operating businesses that are engaged in providing services.
2.      The Company seeks businesses that are concentrated in the real estate, clean energy, financial services and energy management sectors.
3.      The Company will retain interests in all the projects it originates and manages.
4.      Investments and acquisitions are designed to take the form of common stock, preferred stock, debt (and debt assumptions) and cash.
5.      We prefer businesses located in lower-cost metropolitan areas that can be expanded nationally.
6.      At the present, we prefer businesses which generate a majority of their income from U.S. domestic sales and operations.
7.      We prefer businesses that have a stable base of employees and an energetic management team that has the capacity and vision for growth.
8.       The Company plans to provide corporate oversight and administration. Investees must be committed to eliminating local administrative functions to obtain value enhancement.

A Summary of Business Operations:

Beneficial Holdings, Inc., a Nevada Corporation, (the "Company") was incorporated on December 20, 1990. Since its formation, the Company has been engaged in several lines of business. The Company operates businesses which provide solutions and technology the built environment. As such it competes in the real estate services sector, the infrastructure sector and the clean energy sector.The Company's common stock is quoted on the OTC Pink Market under the symbol "BFHJ."The company has been engaged in the business of providing services to the Built Environment since March, 2012.

From March, 2012 to March, 2020 the Company, through its wholly owned subsidiary, BFHJ Project Solutions, LLC (“Project Solutions”) was engaged in managing a small portfolio of multifamily and retail properties in the southeast for a private owner. The multifamily properties were sold in 2014, the retail projects were sold in 2020 and the engagement was terminated upon the final sale.

In 2013 the Company invested $125,000 in a LED lighting manufacturer and installation company (the “LED Company”). The investment was a secured note receivable guaranteed by the principal and secured by all hard assets and intellectual property. The principal pledged his voting control of the LED Company to the Company as part of the transaction. Additionally the principal agreed to merge the LED Company into the Company upon the Company completing a 5,000:1 reverse stock split (the 2013 Reverse Split). The 2013 Reverse Split was completed, however, the principal of the LED Company defaulted on the merger agreement, the Note and several other agreements associated with the transaction. The Company has been successful in obtaining a judgement against LED Company, its subsidiaries and affiliates, as well as the principal of the LED Company. The balance of the Note, along with accrued interest and penalties is $454,106 at March 31, 2021, $438,576 at December 31, 2020 and $380,711 at December 31, 2019. The Company, through its wholly owned subsidiary, Genco International Technologies, LLC (“Genco”) is vigorously pursuing collection. Green Econometrics, LLC (“Green Econ”) acted as an advisor to LED Company in the prospective transaction. In conjunction with the default by LED Company as noted above, the Company terminated its agreement to acquire Green Econ for common shares of the Company in December, 2015 and terminated all contractual relationships with Green Econ and the principal of Green Econ.

In January, 2014 the Company through a wholly owned subsidiary, BFHJ Energy Solutions, LLC (“BES”), began development of a solar powered LED streetlight with a Malaysian technology company. Several working prototypes were produced. BES retains the rights to the technology.

In January, 2015 the Company, through BES, entered into an agreement with a Taiwanese technology company to jointly develop a sensor-based building monitoring system Virtual Property Manager SM for application in the United States commercial property market. Working prototypes of the sensors were produced as well as monitoring protocols. BES retains the rights to the technology and the service mark.

In May,2015 the Company, through BES, acquired certain assets of a privately held energy conservation measures and solarphotovoltaic (solar pv) project contractor (the “EPC Company”) for $1 million cash. BES completed all work in process of EPC Company during 2015 and 2016 and terminated the contractor activities of BES.

In July,2016 the Company formed a wholly-owned clean energy development company (BFHJ Clean Energy. LLC, “Clean Energy”) to pursue opportunities to develop, own and operate solar pv, energy storage, waste to energy and combined heat and power projects.

In August,2016 the Company, through Clean Energy, entered into a joint venture with a solar development company in Tennessee (the “TVA JV”) to develop six projects, totaling 6 MW, under the Tennessee Valley Authority Solar Solutions Initiative.

In December, 2016 the Company, through Clean Energy, acquired development rights to 8 MW of solar pv projects in New Hampshire for $20,000.

In December, 2017 the Company, through Clean Energy, entered into a series of agreements with a Taiwanese solar panel manufacturer (“Taiwan Solar Company”) to assist Taiwan Solar Company with two solar pv projects in New Hampshire. Additionally, Clean Energy retains the right to acquire the solar pv projects for $3.2 million.

In February, 2018 the TVA JV entered into an agreement with a solar project owner (the “CA Solar Company”) to sell three of the projects controlled by the TVA JV to CA Solar Company upon completion. Only one project was completed and sold as the CA Solar Company defaulted on the balance of its agreements. The TVA JV retains all development rights to the remaining 5 projects.

In February, 2018 the Company, through Clean Energy, entered into a contract to sell upwards of 10MW of solar projects in New Hampshire upon completion to CA Solar Company. CA Solar Company defaulted on this agreement in July, 2018. Clean Energy retains all rights to the New Hampshire projects.

In October, 2018 the Company, through Project Solutions, entered into a joint venture with a land owner to develop a 250 unit multifamily rental property in northern New Jersey (the “Bergen JV”). The Bergen JV has entered into various agreements to acquire the land and development rights necessary to develop the project. Project Solutions is currently completing the land assemblage in order to commence the development.

In May, 2019 the Company, through Clean Energy, entered into an agreement with a Korean power engineering company (the “Korean ESS Company”) to jointly develop battery storage projects in the United States.

In December, 2019 the Company, through Clean Energy, entered into an agreement with a Korean electric utility company (the “Korean Utility”) to pursue the acquisition of operating solar projects and develop new solar and battery projects in the United States (the “BFHJ-Korean JV”). Presently, the BFHJ-Korean JV is pursuing the acquisition of $280 million of operating solar projects and the development of $1 billion of new solar pv and battery projects. As part of these activities, through June, 2021 the BFHJ-Korean JV has entered into several joint ventures with local developers in Nevada and Puerto Rico to develop in excess of 50 MW of solar pv projects and 300 MWH of battery storage. The Korean ESS Company is providing engineering support for all battery storage applications.

In August of 2021, The BFHJ
-Korean JV was notified that one of its Puerto Rican joint ventures was awarded the right to negotiate a contract for a 48 MW solar pv project with 80 MWH of battery storage. During the past 90 days, the BFHJ Korean JV expanded its activities in Nevada, adding 2 additional phases to that project so that the company's Nevada project pipeline now totals 142 MW of solar pv projects and 250 MWH of battery storage.

In March 2022, The Puerto Rico Financial Oversight Management Board announced that a number of solar pv and battery projects
awarded by PREPA, the Puerto Rican electric utility, were affirmed. This is an important step in the finalization of the projects awarded to the BFHJ-Korean JV and its contract for a 48 MW solar pv project with 98 MWH of battery storage. The JV also has
interest in three projects totaling 142 MW solar pv and 250MWH of battery storage in Nevada. In January, 2022, the JV entered into an agreement to sell one of the Nevada projects to a large domestic utility, upon final development approvals, which as of the date of this report is expected to be in the first quarter of 2023.

5 New BFHJ Subsidiaries:

BFHJ Energy Solutions, LLC

BFHJ Project Solutions, LLC
BFHJ Clean Energy Solutions, LLC
GENCO International Technologies, LLC
Beneficial Power, LLC
BFHJ-KOEN Solar Partners, LLC
Alicity-BFHJ Clean Energy Partners, LLC
Basin Street Solar, LLC

Recent News Releases:
Value From Market Knowledge
 6/30/21  Quarterly Report QUARTERLY REPORT Q2 2021
 6/30/21  3/31/21 Unaudited Financial Statements  3/31/21 Unaudited Financial Statements
 8/31/21  Quarterly Report  QUARTERLY REPORT Q3 2021
 8/31/21  6/30/21 Unaudited Financial Statements  6/30/21 Unaudited Financial Statements
10/17/21  Quarterly Report  QUARTERLY REPORT Q4 2021
10/17/21  9/30/21 Unaudited Financial Statements  9/30/21 Unaudited Financial Statements
3/31/22  12/31/21 Unaudited Financial Statements  12/31/21 Unaudited Financial Statements
3/31/22   Quarterly Report  Quarterly Report Q1 2022
6/20/22  3/31/22 Unaudited Finanacial Statements  3/31/22 Unaudited Financial Statements
6/20/22  Quarterly Report  Quarterly Report Q2 2022
Independent Public Accountants GBH CPAs, PC

Stock Transfer Agent:

Action Stock Transfer Corp.
Corporate Communications and Investor Relations: Greg McAndrews & Associates

06/10/22 Share Structure:
Authorized Shares: 200,000,000
Outstanding Shares: 10,941,069
Held at DTC/Float: 941,069






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nice nosfelle 06/30/2022 01:31:13 PM
Lol yuppers made over 6 figures on that retiredminer3 06/30/2022 01:04:47 PM
yep and that sweet hotel lol nosfelle 06/30/2022 12:16:12 PM
Lol me too plus was in it when retiredminer3 06/30/2022 10:19:47 AM
yeah you're not alone my friend nosfelle 06/30/2022 10:16:57 AM
I’ve waited seven years or more retiredminer3 06/30/2022 08:32:58 AM
my pleasure miner nosfelle 06/29/2022 02:22:27 PM
Thanks for all the updates buddy retiredminer3 06/29/2022 01:40:27 PM
NOTE 9 – SUBSEQUENT EVENTS nosfelle 06/28/2022 03:12:18 PM
fins page 3 suggests being on track for nosfelle 06/28/2022 09:14:41 AM
Q1 financials out nosfelle 06/28/2022 08:49:38 AM
Yeah that’s why I posted the current link nosfelle 06/21/2022 08:20:26 AM
The domain is for sale. geo58 06/20/2022 05:37:36 PM
#96365 nosfelle 06/20/2022 12:38:26 PM
that's a lot of revenue for a trip-2 nosfelle 06/18/2022 03:11:16 PM
#96363 nosfelle 06/18/2022 01:01:14 PM
from 6/10 nosfelle 06/17/2022 12:56:09 PM
What happened to that stifflers mom character,the guy geo58 06/03/2022 01:31:05 PM
#96360 nosfelle 05/12/2022 03:35:59 PM
yes especially by the time that these deals nosfelle 04/04/2022 03:17:45 PM
Now if the could only get current! titan11 04/04/2022 02:44:26 PM
wow nice developments from yesterday's 10k... nosfelle 04/01/2022 11:46:06 AM
03/11/2022 nosfelle 03/16/2022 10:43:13 AM
02/14 update with $94 MC lol nosfelle 02/15/2022 11:50:48 AM
01/10/22 update nosfelle 01/14/2022 03:38:26 PM
also, should be seeing Q4 numbers within a nosfelle 01/10/2022 03:50:23 PM
Interesting titan11 01/10/2022 03:50:12 PM
$300k / 10,000,000 sh = $.03/sh nosfelle 01/10/2022 02:28:17 PM
Did he get $300k worth of shares at .0001 titan11 01/10/2022 01:11:36 PM
true...not sure I'd spend $300k just to prove nosfelle 01/04/2022 05:52:15 PM
Well it would seem that it’s currently worthless titan11 01/04/2022 03:38:23 PM
Lol Greg! titan11 12/16/2021 04:20:25 PM
who's George? nosfelle 12/16/2021 01:38:46 PM
Yes, the reason is that George Senkevitch is titan11 12/16/2021 01:21:03 PM
12/10 SS update, which does not include Senkevitch's nosfelle 12/15/2021 01:04:43 PM
Who knows? GS did just pay himself $300k nosfelle 12/03/2021 06:32:18 PM
Subsequent to September 30, 2021, the Company was nosfelle 11/23/2021 03:13:14 PM
seems like Senkevitch is making things happen nosfelle 11/18/2021 05:02:27 AM
and much, much more revenue to follow nosfelle 11/18/2021 04:59:04 AM
not sure if this is the same, but nosfelle 11/18/2021 04:56:57 AM
looks like big changes are happening, as Anchor nosfelle 11/18/2021 04:55:26 AM
Does that even matter at this point? titan11 11/16/2021 09:41:09 AM
941,069 OS count as of 11/12/21 nosfelle 11/16/2021 01:02:13 AM
straight from $BFHJ new subsidiary basin street solar nosfelle 10/24/2021 03:25:07 PM
lol thanks Gatsby nosfelle 10/20/2021 11:00:43 AM
Nice find. Gatsby 10/20/2021 10:43:40 AM
looks like we gained a new cfo a nosfelle 10/18/2021 07:37:41 AM
10/08 SS update nosfelle 10/17/2021 01:47:19 PM
Hey Greg Senkevitch , pull your head out titan11 10/12/2021 09:50:58 AM
At what price? titan11 10/08/2021 04:01:46 PM
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