Sharing Connexion Inc
- Assets
- $4.0m
- Revenue
- $244.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Denver, CO
- Founding
- 11/2015
- Data as of
- 06/2022
- EIN
- 47-5051123
Organization Overview
Sharing Connexion Inc is located in Denver, CO. The organization was established in 2015. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Sharing Connexion Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sharing Connexion 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 06/2022, Sharing Connexion Inc generated $244.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 21.8% each year . All expenses for the organization totaled $283.6k during the year ending 06/2022. 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
TO PROVIDE AFFORDABLE HOUSING ORGANIZATIONS AND NONPROFITS WITH REAL ESTATE EXPERTISE, FUNDING, AND PRESERVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNDER OUR REAL ESTATE RESCUE PROGRAM, WE HAVE ASSISTED A NONPROFIT IN PURCHASING A RESCUED PROPERTY, FOR USE AS HOUSING FOR SEX TRAFFICKING VICTIMS. ADDITIONALLY, WE WERE ABLE TO HELP PRESERVE AN AURORA FOOD BANK NONPROFIT FACILITY FROM DISPLACEMENT. WE ACQUIRED THE FACILITY, SET UP REDUCED AND STABLE RENT, AND CREATED A PURCHASE OPTION FOR THREE YEARS, SHIELDING THE PROPERTY FROM MARKET APPRECIATION AND GIVING THE NONPROFIT TIME TO BUY THE FACILITY. UNDER OUR REAL ESTATE IMPACT PROGRAM, TWO OF OUR OUTSTANDING REAL ESTATE IMPACT LOANS WERE PAID OFF IN PRIOR YEARS, ONE LOAN WAS FOR AFFORDABLE HOUSING DEVELOPMENT, AND THE OTHER LOAN WAS FOR A NONPROFIT WAREHOUSE. WE ALSO CREATED MORE EDUCATIONAL RESOURCES ABOUT THIS PROGRAM AND MISSIONAL REAL ESTATE LENDING AND WORKED ON DEVELOPING PARTNERSHIPS WITH OTHER NONPROFITS. UNDER OUR REAL ESTATE DONATION PROGRAM, WE FACILITATED SEVERAL DIFFERENT REAL ESTATE DONATIONS FROM DIFFERENT NONPROFITS. THIS YEAR, ONE DONATED PROPERTY SALE WAS FULLY COMPLETED, GENERATING INCOME FOR THE NONPROFIT WITH A SMALL PORTION DESIGNATED FOR REAL ESTATE IMPACT AND RESCUE PROJECTS. WE ALSO CREATED MORE EDUCATIONAL RESOURCES ABOUT REAL ESTATE DONATIONS TO HELP NONPROFIT FUNDRAISERS DEVELOP THEIR ORGANIZATIONS WITH THESE GIFTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edwin Anderson President And Director | OfficerTrustee | 20 | $0 |
David Chasnow Vice President & Director | OfficerTrustee | 20 | $0 |
Diane Austin Treasurer And Director | OfficerTrustee | 6 | $0 |
John Daskam Secretary & Director | OfficerTrustee | 3 | $0 |
Stephanie Fox Director | Trustee | 3 | $0 |
Rob Gillis Director | Trustee | 2 | $0 |
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 | $121,155 |
| Noncash contributions included in lines 1a–1f | $49,875 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $121,155 |
| Total Program Service Revenue | $60,762 |
| Investment income | $62,691 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$327 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $244,281 |
| 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 | $94,593 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,623 |
| Payroll taxes | $9,014 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,910 |
| Fees for services: Accounting | $26,999 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,915 |
| Advertising and promotion | $8,734 |
| Office expenses | $868 |
| Information technology | $17,717 |
| Royalties | $0 |
| Occupancy | $3,457 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,693 |
| Interest | $57,457 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,981 |
| Insurance | $5,527 |
| All other expenses | $0 |
| Total functional expenses | $283,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $222,739 |
| Savings and temporary cash investments | $73,133 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,521 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,700,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $948 |
| Net Land, buildings, and equipment | $493,783 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $498,750 |
| Total assets | $4,019,874 |
| Accounts payable and accrued expenses | $10,764 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $492,329 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $129,989 |
| Secured mortgages and notes payable | $2,741,604 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,374,686 |
| Net assets without donor restrictions | $645,188 |
| 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 | $4,019,874 |