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Community Development : Housing and Neighborhood Development

CommonBond Communities

Building stable homes, strong futures and vibrant communities since 1971

four stars

91.16

1080 Montreal Ave St. Paul, MN 55116
tel: (651) 291-1750   Web Site
EIN: 41-1260469

Board Leadership
Carleen Rhodes
Chair

CEO
Deidre Schmidt
President, CEO

  Score
(out of 100)
Rating
Overall Score & Rating 91.16 four stars
  Financial 87.50 three stars
  Accountability & Transparency 100.00 four stars
This rating was published 12/01/2020 and includes data from FY2019, the most recent 990 received at that time.

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.

Financial

three stars

87.50

Accountability & Transparency

four stars

100.00

This rating was published 12/01/2020 and includes data from FY2019, the most recent 990 received at that time.
Overall Rating Chart
  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%
All data for Financial Performance Metrics calculations was provided by CommonBond Communities on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by CommonBond Communities on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
CommonBond Communities (MN) 91.16 four stars
Building Goodness Foundation (VA) 90.44 four stars
Corporation for Supportive Housing (NY) 91.96 four stars
Rebuilding Together Peninsula (CA) 88.85 three stars
The Fuller Center for Housing of Greater New York City (NY) 89.27 three stars

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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%

Ratings History
CommonBond Communities has received 6 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-12 12/01/2020 91.16 four stars
2018-12 10/01/2019 90.83 four stars
2017-12 11/01/2018 92.27 four stars
2016-12 02/01/2018 96.46 four stars
2015-12 12/01/2016 93.73 four stars
2014-12 06/01/2016 98.23 four stars
 
CN 2.0
2014-12 12/22/2015 99.54 four stars
2013-12 05/01/2015 87.16 three stars
2012-12 05/01/2014 92.71 four stars
2011-12 03/01/2013 93.10 four stars
2010-06 11/06/2012 94.42 four stars

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!)
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$278,532 1.39% Deidre Schmidt President & CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
CommonBond Communities (MN) 91.16 four stars
Home Repair Services (MI) 86.06 three stars
CHN Housing Partners (OH) 91.78 four stars
The Fuller Center for Housing of Greater New York City (NY) 89.27 three stars
HomeAid America (CA) 99.15 four stars

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Charity Contact Info

CommonBond Communities
1080 Montreal Ave
St. Paul, MN 55116
tel: (651) 291-1750
fax: (651) 291-1003
EIN: 41-1260469

Visit Web Site

Board Leadership

Carleen Rhodes
Chair

CEO

Deidre Schmidt
President, CEO

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