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Community Development : Housing and Neighborhood Development
Board Leadership
Carleen Rhodes
Chair
CEO
Deidre Schmidt
President, CEO
|
CommonBond Communities' mission is to build stable homes, strong futures, and vibrant communities with the vision that every person has a dignified, affordable home that supports independence and advancement within a flourishing community. Since 1971, CommonBond has been providing homes and hope for those most in need in our community. Today, CommonBond is the largest nonprofit provider of affordable rental homes in the Upper Midwest. Our nationally recognized integrated housing approach that includes high quality development, long term management and resident services has proven to make a difference in the lives of residents and the community. CommonBond is committed to providing safe, affordable housing with services for people with low incomes. More than 9,000 people live in CommonBond housing.
CommonBond Communities' mission is to build stable homes, strong futures, and vibrant communities with the vision that every person has a dignified, affordable home that supports independence and advancement within a flourishing community. Since 1971, CommonBond has been providing homes and hope for those most in need in our community. Today, CommonBond is the largest nonprofit provider of affordable rental homes in the Upper Midwest. Our nationally recognized integrated housing approach that includes high quality development, long term management and resident services has proven to make a difference in the lives of residents and the community. CommonBond is committed to providing safe, affordable housing with services for people with low incomes. More than 9,000 people live in CommonBond housing.
87.50
100.00
Program Expenses (Percent of the charity's total expenses spent on the programs and services it delivers) |
86.4% | |
Administrative Expenses | 4.5% | |
Fundraising Expenses | 8.9% | |
Fundraising Efficiency | $0.21 | |
Working Capital Ratio (years) | 4.34 | |
Program Expenses Growth | 28.3% | |
Liabilities to Assets | 51.6% |
Charity Name & State | Overall Score | Overall Rating |
---|---|---|
CommonBond Communities (MN) | 91.16 | |
Rebuilding Together (DC) | 96.19 | |
Housing and Community Development Network of New Jersey (NJ) | 91.66 | |
Rebuilding Together Peninsula (CA) | 90.63 | |
CHN Housing Partners (OH) | 91.78 |
REVENUE | |
Contributions | |
Contributions, Gifts & Grants | $4,561,356 |
Federated Campaigns | $0 |
Membership Dues | $0 |
Fundraising Events | $969,546 |
Related Organizations | $0 |
Government Grants | $2,055,938 |
Total Contributions | $7,586,840 |
Program Service Revenue | $15,878,246 |
Total Primary Revenue | $23,465,086 |
Other Revenue | $2,028 |
TOTAL REVENUE | $23,467,114 |
EXPENSES | |
Program Expenses | $17,511,342 |
Administrative Expenses | $814,467 |
Fundraising Expenses | $1,613,604 |
TOTAL FUNCTIONAL EXPENSES | $19,939,413 |
Payments to Affiliates | $0 |
Excess (or Deficit) for the year | $3,527,701 |
Net Assets | $71,196,930 |
Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.
Program Name | Amount Spent | % of Program Expenses |
---|---|---|
Housing Development, Property Management & Asset Management | $11,565,445 | 66.0% |
Advantage Services | $5,637,324 | 32.2% |
Community Engagement | $308,573 | 1.8% |
Form 990 FYE | Date Published | Overall Score | Overall Rating | ||||||
---|---|---|---|---|---|---|---|---|---|
CN 2.1 | |||||||||
2019-12 | 12/01/2020 | 91.16 | |||||||
2018-12 | 10/01/2019 | 90.83 | |||||||
2017-12 | 11/01/2018 | 92.27 | |||||||
2016-12 | 02/01/2018 | 96.46 | |||||||
2015-12 | 12/01/2016 | 93.73 | |||||||
2014-12 | 06/01/2016 | 98.23 | |||||||
CN 2.0 | |||||||||
2014-12 | 12/22/2015 | 99.54 | |||||||
2013-12 | 05/01/2015 | 87.16 | |||||||
2012-12 | 05/01/2014 | 92.71 | |||||||
2011-12 | 03/01/2013 | 93.10 | |||||||
2010-06 | 11/06/2012 | 94.42 |
The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).
EIN | 41-1260469 |
Name in IRS Master File | COMMONBOND COMMUNITIES |
NTEE Code | [Not Provided by IRS] |
NTEE Classification | [Not Provided by IRS] |
NTEE Type | [Not Provided by IRS] |
Classification | Charitable Organization |
Subsection | 501(c)(3) (View the list of codes) |
Activities | (381) Low and moderate income housing (398) Instruction and guidance on housing (399) Other housing activities |
Foundation Status | Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi) |
Deductibility | Contributions are deductible |
Affiliation | Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations). |
Group Name | [Not Applicable] |
Ruling Date | January, 1976 |
Filing Requirement | 990 (all other) or 990EZ return |
Fiscal Year End | December |
IRS Forms 990 (provided courtesy of Foundation Center) |
(Log In or Register Now to View Forms 990!)
|
Compensation | % of Expenses | Paid to | Title | |
---|---|---|---|---|
$278,532 | 1.39% | Deidre Schmidt | President & CEO |
Charity Name & State | Overall Score | Overall Rating |
---|---|---|
CommonBond Communities (MN) | 91.16 | |
Appalachia Service Project (TN) | 92.29 | |
Rebuilding Together Peninsula (CA) | 90.63 | |
Rebuilding Together (DC) | 96.19 | |
Housing and Community Development Network of New Jersey (NJ) | 91.66 |
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CommonBond Communities
1080 Montreal Ave
St. Paul,
MN 55116
tel: (651) 291-1750
fax: (651) 291-1003
EIN: 41-1260469
Carleen Rhodes
Chair
Deidre Schmidt
President, CEO
Charity Navigator
299 Market Street Suite 250
Saddle Brook, NJ 07663
EIN: 13-4148824
BRIDGE ID: 3108588923