GOLD2023

Sharing Connexion

Empowering Nonprofits. Expanding Affordable Housing.

aka Sharing Connexion   |   DENVER, CO   |  http://sharingconnexion.org

Mission

Our mission is to provide affordable housing organizations and nonprofits with real estate expertise, funding, and preservation.

Ruling year info

2015

Operations Director

Emily Nilsen

Main address

1440 BLAKE ST STE 320

DENVER, CO 80202 USA

Show more contact info

EIN

47-5051123

NTEE code info

Other Housing Support Services (L80)

Philanthropy / Charity / Voluntarism Promotion (General) (T50)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Communication

Blog

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

Many nonprofits are unequipped with the real estate expertise needed to solve some of their pressing issues; we identified three problem areas for nonprofits and housing organizations. First, many large charitable institutions frequently do not accept certain real estate donations or quickly sell and liquidate the property due to confusion or risk aversion in general. They need expert assistance at below-market prices. Second, nonprofits and housing organizations need to access capital for their own real estate projects. Nonprofits and affordable housing organizations can have trouble accessing loans for building, purchasing or renovating projects. Third, nonprofits are often at-risk of displacement due to rising rents, creating a difficult environment for leasing space. While nonprofits are being gentrified, individual community members are also suffering from a lack of affordable housing. Preservation tools for affordable housing and nonprofit program space is highly needed.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Real Estate Impact

Real Estate Impact provides necessary and strategic funding to nonprofit program spaces and affordable housing organizations who are looking to buy, build, and renovate their properties but do not have access to capital. Sharing Connexion's loan products offer low-interest solutions for mission-based real estate serving low-income and underprivileged populations. Sharing Connexion provides important funding sources to ensure that these organizations can purchase properties in their communities and/or expand services to new locations. Our loans aim to expand affordable housing and empower nonprofits.

Population(s) Served
Adults

Many nonprofits suffer from the threat of displacement because they do not own their building, and many households are priced out of their neighborhoods. This program aims to preserve and protect nonprofit and community real estate assets through our short-term acquisition solution. Sharing Connexion has the capacity to purchase and “rescue” or “preserve” at-risk program spaces and housing options. Sharing Connexion will purchase an asset for a short-term holding period, acting as a mission-minded property owner, creating reduced and stabilized rent, and shielding the property from market appreciation for 3 years. Sharing Connexion sets up a purchase option, so the nonprofit (or a selected housing organization in the case of housing preservation) can buy the facility. Real Estate Rescue provides stability along with additional time for fundraising and financing so these projects can remain with mission-driven organizations and launch them into long-term stability through ownership.

Population(s) Served

The Real Estate Donation program assists nonprofits who receive complex real estate donations. Real estate donations can be tricky and risky for both small and large nonprofits. There could be debt on the property or compliance issues -- not to mention how time consuming they are for staff to manage. Sharing Connexion teams up with nonprofits to make real estate donations less complicated. With our expertise
and partnership, we mitigate the nonprofit’s risk, maximize the value of the property, and arrange the sale, thus growing the nonprofit's funds and capacity to serve their mission. This provides essential capacity building for charitable organizations, while also provide a small allocation supporting our Capital Fund (designated for Impact & Rescue projects).

Population(s) Served
Adults

Sharing Connexion Hawai'i is an initiative of Sharing Connexion. In 2021, Sharing Connexion identified the tremendous need for attainable housing in Hawai’i and launched a team on Maui to help with this important work. Sharing Connexion Hawai'i focuses on community development, mission minded master planning, and a community land trust for affordable housing. Learn more at www.sharingconnexionhawaii.org.

Population(s) Served
Adults
Adults

Where we work

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

First, our mission is to provide affordable housing organizations and nonprofits with real estate expertise, funding and preservation. Second, our vision is as follows: Real estate philanthropy will empower nonprofits and expand affordable housing options. Third, we believe in our defined set of values and goals, and we aim to create a legacy of affordable housing organizations and nonprofits who are stabilized and have grown in capacity. These are our goals:

1. Sharing Connexion desires that nonprofits’ and housing organizations’ real estate needs are met with innovative and dynamic solutions.
2. Sharing Connexion will assist nonprofits in stabilizing their finances and growing wealth through real estate transactions (donations, ownership, facility expansion), setting them up for greater impact in their communities.
3. Sharing Connexion supports the affordable housing industry and desires to make key investments to ensure the shelter needs of low-income residents are being cared for.
4. Sharing Connexion’s aim is to provide real estate solutions to nonprofits’ needs and build a nonprofit (and housing) community supported by the real estate community.

Our Real Estate Donation program assists nonprofits who receive or are designated to receive complex real estate donations. Many large charitable institutions frequently do not accept certain real estate donations or quickly sell and liquidate the property due to complexities or risk aversion in general, especially with leveraged real estate or properties with compliance issues. Sharing Connexion takes title to the property, identifies and makes key improvements, and arranges the sale. With our expertise, we maximize the value of the property, thus growing the assets of the partnering nonprofit. This provides essential capacity building for charitable organizations, while also growing our Capital Fund which is designated for our mission and used toward program operations.

Real Estate Impact Investing provides necessary funding to nonprofits and affordable housing organizations who are looking to build, develop and rehabilitate their properties but do not have access to capital or are looking for a competitive alternative to traditional banking. We craft strategic impact investments in the form of low-interest loans and gap financing for low-income housing projects and nonprofit program spaces. Sharing Connexion provides important funding sources to ensure that these organizations can purchase properties in their communities and/or expand services to new locations.

The Real Estate Rescue program aims to preserve nonprofit and community assets by making key short-term investments to save nonprofit spaces and affordable housing. With the ability to act quickly, Sharing Connexion can acquire property to ensure that nonprofits and housing projects are not displaced. Sharing Connexion can purchase and own the property, so the nonprofit can conduct a fundraising campaign to acquire its facility. For rent restricted units approaching the end of the land use restriction, or for residential properties in gentrifying neighborhoods, Sharing Connexion can act quickly to purchase a property for a partnering affordable housing organization, serving a role as a short-term partner and holding the property until our partner can acquire it.

Since most nonprofits do not have real estate expertise, our nonprofit organization is unique. Across the Board of Directors, we have a combined 230+ years of real estate experience. The Founder and Board President, Ed Anderson, established and remains the Chief Executive Officer for a for-profit real estate investment firm, which has done over $1 billion in commercial real estate. None of the board is compensated for these services, but gives their volunteer time to solve complex real estate issues. We have established committees and a vetting process to select other experienced members willing to volunteer their insights. Furthermore, we have a very extensive advisory committee, full of with local industry leaders in various fields (i.e. real estate lawyers, bankers, real estate finance, development, housing providers, philanthropists, etc.). We have also worked out a rigorous business plan outlining our project models and have run pilot programs for each of our programs, demonstrating competency and productive results.

In 2020, we had many landmark achievements. Here are a few exciting ways that we met our mission and what's next for these programs:

Under the Real Estate Donation program, we successfully completed our landmark Estes Park project for Children’s Hospital Colorado Foundation. The result was over $1 million to their foundation. (To learn more, read our case study on sharingconnexion.org). With another nonprofit partner, we processed a real estate donation in Tennessee and sold the property on their behalf. We have another property donation that we processed in New York in December. We have also been creating materials and speaking at education events, informing and explaining this new type of fundraising model. We anticipate many more partnerships in the future.

Under the Real Estate Impact program, we originated a $1,750,000 bridge loan for Spring Creek Apartments, an affordable housing project in Eagle County. (Check out our blog on our website)! We also continue to monitor the bridge loan for the nonprofit Bud's Warehouse, assisting them through the COVID-19 crisis. We received a lot of demand and pursued some underwriting opportunities, and anticipate to secure a more projects in the coming years. We are also committed to industry best practices and are strengthening our internal process for loan due diligence, policies, and priorities.

Under the Real Estate Rescue program, we completed our assistance of Extended Hands of Hope (EHH). After two years, EHH had the stability to no longer worry about displacement and was able to fundraise and successfully purchase the facility. We are continuing to source potential acquisition needs, assisting nonprofits and housing organizations with purchases in a difficult market. We are currently working on a project and if all goes smooth, we will have an early 2021 announcement.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals

  • Which of the following feedback practices does your organization routinely carry out?

    We aim to collect feedback from as many people we serve as possible, We engage the people who provide feedback in looking for ways we can improve in response

  • What challenges does the organization face when collecting feedback?

    We don’t have the right technology to collect and aggregate feedback efficiently, It is difficult to find the ongoing funding to support feedback collection, Staff find it hard to prioritize feedback collection and review due to lack of time

Financials

Sharing Connexion
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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lock

Connect with nonprofit leaders

Subscribe

Build relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. Try a low commitment monthly plan today.

  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.

Sharing Connexion

Board of directors
as of 06/02/2023
SOURCE: Self-reported by organization
Board chair

Ed Anderson

Connexion Asset Group

Term: 2015 -

David Chasnow

Connexion Asset Group

John Daskam

Milgrom & Daskam

Rob Gillis

Prologis

Jim Mellor

Pinkard Construction

Stefanie Fox

Colorado Enterprise Fund

Lauren Schevets

Gorman & Comapny

Alejandro Monarez

CHFA

Jessica Rawson

Merrick Capital

Justin Gilmore

Gilmore Construction

David Ogunsanya

Elevation Community Land Trust

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? No
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 9/12/2022

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

Disability

Equity strategies

Last updated: 09/12/2022

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We ask team members to identify racial disparities in their programs and / or portfolios.
  • We analyze disaggregated data and root causes of race disparities that impact the organization's programs, portfolios, and the populations served.
  • We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
  • We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
  • We disaggregate data by demographics, including race, in every policy and program measured.
Policies and processes
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
  • We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.