Sharon Ridge Expansion Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 465761700 ✦ Sharon, CT ✦ Designated as a 501(c)(3)

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Overview

What is Sharon Ridge Expansion Corporation?

Sharon Ridge Expansion Corporation is a nonprofit organization situated in Sharon, Connecticut. Its primary mission is to offer affordable housing solutions to low-income individuals and families residing in the town. The organization is dedicated to ensuring that housing remains accessible for those who may struggle financially, thereby contributing to the community's social fabric. The corporation's activities are centered around providing low-income housing, ensuring that these families have a secure and comfortable living environment in Sharon, Connecticut.

Is Sharon Ridge Expansion Corporation legitimate?

Sharon Ridge Expansion Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sharon Ridge Expansion Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,842

For more financial information, click here

What is the mission statement of Sharon Ridge Expansion Corporation?

The Sharon Ridge Expansion Corporation's mission is centered around providing affordable housing solutions for individuals and families with limited income. This non-profit organization strives to make housing accessible for this demographic, ensuring they have a place to call home. Through their initiatives, they aim to alleviate the housing burden for these individuals, thereby contributing positively to their overall well-being. The corporation's activities are focused on providing affordable housing options, ultimately promoting a more equitable living environment for those in need.

Who is the CEO of Sharon Ridge Expansion Corporation?

Brent Colley is the Chairman of Sharon Ridge Expansion Corporation.

What is the revenue of Sharon Ridge Expansion Corporation?

Sharon Ridge Expansion Corporation's revenue in 2022 was $154,976.

Who are the executives of Sharon Ridge Expansion Corporation and what are their salaries?

There 6 volunteers at Sharon Ridge Expansion Corporation.


Here are 5 key members and their salaries:


Brent Colley (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Manasse (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeannette Moss (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Whelan (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald Castonguay (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Sharon Ridge Expansion Corporation?

Sharon Ridge Expansion Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Sharon Ridge Expansion Corporation

Sharon Ridge Expansion Corporation, as a nonprofit organization, is dedicated to providing affordable housing solutions for low-income individuals and families. Their mission is centered around making housing accessible and affordable within the community, ensuring that those in need have a roof over their heads. By offering affordable housing options, this organization aims to contribute positively to the lives of its recipients, providing them with a stable living environment. The focus on low-income households demonstrates Sharon Ridge Expansion Corporation's commitment to social equality and ensuring that everyone, regardless of their financial situation, has equal opportunities to secure a decent living space.

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Impact




October, 2024

Sharon Ridge Expansion Corporation plays a crucial role in addressing the housing needs of low-income individuals and families in Sharon, Connecticut. By providing affordable housing options, it helps to alleviate financial burdens for those who may struggle to find suitable accommodations in the area. This initiative not only improves the quality of life for residents but also enhances community stability by ensuring that families have a safe and secure place to live. By focusing on affordability, Sharon Ridge helps to foster a more inclusive community, allowing individuals and families to thrive and contribute positively to the local economy and social fabric.




This information is meant to be a general summary of Sharon Ridge Expansion Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$154,976 (2022)
Expenses
$229,274 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $12
  • Program Service Revenue: $154,964
  • Gross Receipts: $154,976

Assets and Liabilities:

  • Total Assets: $3,121,487
  • Total Liabilities: $943,606
  • Net Assets: $2,177,881

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$150,896

ANCILLARY FEES

Revenue

$4,068

Organization Details

Founding Year

2014

Principal Officer

Brent Colley

Main Address

12 E SHARON RIDGE ROAD, SHARON, CT, 06069

NTEE Category

Code: L21 - Housing

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