Overview
What is Sharing Connexion Inc?
Sharing Connexion Inc is a dedicated nonprofit organization based in Denver, Colorado. Their primary mission is to support affordable housing organizations and other nonprofits by providing them with real estate expertise, funding, and preservation. They have aided a sex trafficking victim housing nonprofit in purchasing a rescued property and preserved an Aurora food bank facility from displacement. By acquiring these facilities, Sharing Connexion established reduced and stable rent, and a purchase option for three years, shielding the properties from market appreciation, giving the nonprofits time to buy the facilities themselves. Their Real Estate Impact Program has seen the successful repayment of loans for affordable housing development and a nonprofit warehouse. Sharing Connexion also works on developing partnerships with other nonprofits and creates educational resources about their programs and missional real estate lending. Under their Real Estate Donation Program, they facilitate various real estate donations from different nonprofits, generating income for the organizations while designating a small portion for real estate impact and rescue projects.
Official website here: www.sharingconnexion.org
Is Sharing Connexion Inc legitimate?
Sharing Connexion Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sharing Connexion Inc 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:
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Other Salaries and Wages: $94,593
For more financial information, click here
Official website here: www.sharingconnexion.org
What is the mission statement of Sharing Connexion Inc?
Sharing Connexion Inc's mission is centered around providing affordable housing organizations and nonprofits with necessary real estate expertise, funding, and preservation. This organization strives to assist these entities in various ways, such as helping a nonprofit purchase a property for housing sex trafficking victims and preserving a food bank facility from displacement. Under its Real Estate Impact Program, Sharing Connexion has supported affordable housing developments and nonprofit warehouses with loans. The organization also facilitates real estate donations from various nonprofits, generating income for them while dedicating a portion to real estate impact and rescue projects. Sharing Connexion Inc further enhances its mission by creating educational resources about real estate lending and donations and developing partnerships with other nonprofits.
Official website here: www.sharingconnexion.org
Who is the CEO of Sharing Connexion Inc?
Edwin Anderson Iii is the President And Director of Sharing Connexion Inc.
Official website here: www.sharingconnexion.org
What is the revenue of Sharing Connexion Inc?
Sharing Connexion Inc's revenue in 2022 was $244,281.
Official website here: www.sharingconnexion.org
Who are the executives of Sharing Connexion Inc and what are their salaries?
The average compensation at Sharing Connexion Inc during 2022 was $47,296. There are 2 employees and 21 volunteers at Sharing Connexion Inc.
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Official website here: www.sharingconnexion.org
Where can I find the form 990 for Sharing Connexion Inc?
Sharing Connexion Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sharingconnexion.org
Learn more at the official website: www.sharingconnexion.org
Mission Statement of Sharing Connexion Inc
Sharing Connexion Inc, a dedicated organization, is committed to providing affordable housing organizations and nonprofits with essential real estate expertise, funding, and preservation. Their mission is centered around empowering these entities, ensuring they have the necessary resources to provide adequate housing solutions. By offering their expertise, Sharing Connexion Inc aims to support organizations in acquiring and maintaining properties, particularly those serving vulnerable populations such as survivors of sex trafficking. Furthermore, the organization has demonstrated its commitment to preserving nonprofits' facilities, as evident in their assistance with the Aurora Food Bank. By acquiring and securing reduced rent and a purchase option for three years, Sharing Connexion Inc shielded the property from market fluctuations, giving the nonprofit enough time to purchase the facility. This proactive approach to real estate preservation is a testament to Sharing Connexion Inc's mission to support and strengthen the capacity of affordable housing organizations and nonprofits.
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Impact
October, 2024
Sharing Connexion Inc has made significant strides in addressing the critical need for affordable housing and essential services. Through its Real Estate Rescue Program, the organization has successfully assisted nonprofits in purchasing properties to support vulnerable populations, including housing for sex trafficking victims. This strategic approach not only provides immediate shelter but also fosters long-term recovery and stability for individuals in need.
In another impactful initiative, Sharing Connexion Inc preserved an Aurora food bank facility from displacement by acquiring it and establishing reduced, stable rent terms coupled with a purchase option for three years. This ensures the food bank can continue its vital work without the threat of sudden market changes, thus safeguarding access to food for those in the community who depend on it.
The organization has also facilitated impactful real estate loans, with a focus on affordable housing development and creating essential community spaces like warehouses. By developing educational resources and forming partnerships with other organizations, Sharing Connexion Inc has enhanced real estate impact lending, equipping nonprofits with the knowledge and tools necessary to expand their initiatives.
Through its Real Estate Donation Program, Sharing Connexion Inc has enabled various nonprofits to benefit from property donations, generating income that can be reinvested into further impact projects. This year alone, a significant property sale was completed, allowing for a portion of the proceeds to fund real estate impact and rescue initiatives.
Overall, Sharing Connexion Inc's initiatives reflect a profound commitment to fostering a sustainable and supportive environment for both affordable housing organizations and the individuals they serve, greatly enriching the community of Denver and its surroundings.
This information is meant to be a general summary of Sharing Connexion Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $62,364
- Program Service Revenue: $60,762
- Gross Receipts: $294,664
Assets and Liabilities:
- Total Assets: $4,019,874
- Total Liabilities: $3,374,686
- Net Assets: $645,188
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$18,000
PROGRAM FEE INCOME
Revenue
$40,500
OTHER PROGRAM INCOME
Revenue
$2,262
Organization Details
Founding Year
2015
Phone
(303) 205-6760Principal Officer
Edwin Anderson Iii
Main Address
1440 BLAKE STREET Suite 320, DENVER, CO, 80202
Website
www.sharingconnexion.orgNTEE Category
Code: L41 - Housing
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