Community Connections Real Estate Foundation
- Assets
- $18.2m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 11/2004
- Data as of
- 09/2020
- EIN
- 01-0818232
Organization Overview
Community Connections Real Estate Foundation is located in Washington, DC. The organization was established in 2004. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Connections Real Estate Foundation 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 09/2020, Community Connections Real Estate Foundation generated $2.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $1.0m during the year ending 09/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
HOLDING AND OPERATION OF REAL ESTATE IN SUPPORT OF THE CHARITABLE OPERATIONS OF CCI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOLDING AND OPERATION OF REAL ESTATE AND OTHER ASSETS USED IN, AND OTHER FUNCTIONS IN SUPPORT OF, THE CHARITABLE OPERATIONS OF COMMUNITY CONNECTIONS, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maxine Harris PHD Chief Executive Officer/di | OfficerTrustee | 0.5 | $0 |
Joseph Cullinan Chief Administrative Offic | Officer | 8 | $0 |
Derek Harps Director | Trustee | 1 | $0 |
Mark Smith Director | Trustee | 1 | $0 |
Richard Rome Director | Trustee | 1 | $0 |
Skipwith Calvert Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Palm Facility Services Llc Property And Facility Management | 9/29/21 | $213,613 |
Commercial Real Estate Advisors Building Engineering Management | 9/29/21 | $153,119 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $100,908 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $347,056 |
| Net Gain/Loss on Asset Sales | -$45,675 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,022,505 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $45,116 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,034 |
| Payroll taxes | $3,778 |
| Fees for services: Management | $28,980 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,180 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,933 |
| Fees for services: Other | $1,363 |
| Advertising and promotion | $0 |
| Office expenses | $23,612 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $382,012 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $245,431 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $212,998 |
| Insurance | $15,841 |
| All other expenses | $0 |
| Total functional expenses | $1,002,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $825,592 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $210,539 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,437 |
| Investments—publicly traded securities | $3,641,384 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,917,039 |
| Total assets | $18,151,113 |
| Accounts payable and accrued expenses | $191,851 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $5,887,525 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,013,339 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $51,963 |
| Total liabilities | $9,144,678 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $9,006,435 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Capital Corporation - Sonia Gutierrez Campus Washington, DC | $0 | $6,304,492 |
Bit Holdings Three Inc Baltimore, MD | $969,623,957 | $40,242,400 |
Northern Virginia Assoc Of Realtors Incorporated Fairfax, VA | $24,558,097 | $7,651,355 |
1800 Massachusetts Avenue Corp Washington, DC | $77,332,269 | $5,465,941 |
Richmond Board Of Realtors Richmond, VA | $32,077,110 | $4,626,448 |
American Diabetes Association Property Title Holding Corporation Arlington, VA | $20,277,269 | $1,938,970 |
Greater Baltimore Board Of Realtors Inc Lutherville Timonium, MD | $9,621,072 | $2,245,768 |
Anne Arundel County Assoc Of Realtors Inc Arnold, MD | $9,217,447 | $1,607,042 |
Realtor Association Of Prince William Woodbridge, VA | $4,982,034 | $1,059,299 |
Southern Maryland Association Of Realtors Inc Hughesville, MD | $2,652,658 | $970,611 |
Community Connections Real Estate Foundation Washington, DC | $18,151,113 | $2,022,505 |
National Realty Development Corporation Easton, MD | $9,598,572 | $1,231,758 |