Share Inc
- Assets
- $1.6m
- Revenue
- $463.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Ridgewood, NJ
- Founding
- 09/1982
- Data as of
- 12/2021
- EIN
- 22-2334189
Organization Overview
Share Inc is located in Ridgewood, NJ. The organization was established in 1982. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Share Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Share 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 12/2021, Share Inc generated $463.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $507.4k during the year ending 12/2021. While expenses have increased by 0.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING TO INDEPENDENT SENIORS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A SHARED RESIDENCE TO INDEPENDENT SENIORS OFFERING THE BENEFITS OF FAMILY STYLE LIVING. RESIDENTS ARE PROVIDED A ROOM, MEALS, AND UTILITIES, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Mccann Executive Director | Officer | 35 | $48,014 |
Roberta Sonenfeld Treasurer/executive Director | OfficerTrustee | 35 | $43,898 |
Lorri Steinbacher Secretary | OfficerTrustee | 5 | $0 |
Diane Cunningham Treasurer | OfficerTrustee | 5 | $0 |
Gwenn Hauck President | OfficerTrustee | 20 | $0 |
Jeff Voigt Vice President | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $33,940 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,731 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,671 |
| Total Program Service Revenue | $402,056 |
| Investment income | $777 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $463,504 |
| 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. | $93,940 |
| Compensation of current officers, directors, key employees. | $46,663 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $90,207 |
| Pension plan accruals and contributions | $1,792 |
| Other employee benefits | $0 |
| Payroll taxes | $15,336 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,324 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,163 |
| Advertising and promotion | $950 |
| Office expenses | $25,055 |
| Information technology | $2,305 |
| Royalties | $0 |
| Occupancy | $39,378 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,792 |
| Insurance | $43,512 |
| All other expenses | $0 |
| Total functional expenses | $507,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $312,594 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $3,307 |
| Net Land, buildings, and equipment | $1,262,224 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,578,125 |
| Accounts payable and accrued expenses | $6,850 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $149,900 |
| Other liabilities | $0 |
| Total liabilities | $156,750 |
| Net assets without donor restrictions | $1,421,375 |
| 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 | $1,578,125 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Share Inc has recieved totaling $17,445.
| Awarding Organization | Amount |
|---|---|
Aaron And Marion Gural Foundation New York, NY PURPOSE: TO FURTHER DONEE'S EXEMPT PURPOSE | $10,000 |
Columbia Bank Foundation Fair Lawn, NJ PURPOSE: CHEF KITCHEN UPGRADE/APPLIANCE REPLACEMENT | $4,900 |
Columbia Bank Foundation Fair Lawn, NJ PURPOSE: CHARITABLE GIVING | $1,000 |
Columbia Bank Foundation Fair Lawn, NJ PURPOSE: COTTAGE HOUSE FRONT PORCH MAKEOVER CLEANING SUPPLIES FOR WEEK OF GIVING | $845 |
Jade Foundation Plainview, NY PURPOSE: GENERAL SUPPORT | $700 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cedar Crest Village Llc Pompton Plains, NJ | $458,841,206 | $94,228,748 |
Ann S Choice Inc Warminster, PA | $390,463,878 | $78,899,329 |
Acts Retirement Services Inc Fort Washington, PA | $53,774,543 | $61,999,737 |
Lantern Hill Inc New Providence, NJ | $464,665,892 | $49,148,353 |
Whitemarsh Continuing Care Retirement Community Lafayette Hill, PA | $237,675,792 | $39,315,037 |
New York Foundation For Senior Citizens Home Attendant Services I New York, NY | $24,976,445 | $43,263,283 |
Caringhouse Projects Incorporated Pleasantville, NJ | $35,651,045 | $47,839,367 |
Concordia Lutheran Ministries Of Pittsburgh Pittsburgh, PA | $101,461,859 | $42,844,424 |
Sjf Ccrc Inc Voorhees, NJ | $105,324,676 | $30,989,570 |
Hudson Lutheran Housing Corporation Secaucus, NJ | $0 | $195,483 |
Active Retirement Community Inc South Setauket, NY | $204,676,750 | $34,139,621 |
Lutheran Home For The Aged Erie, PA | $0 | $39,821,403 |