Community Development : Housing and Neighborhood Development

CommonBond Communities

Building stable homes, strong futures and vibrant communities since 1971

four stars

96.46

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

Board Leadership
Kyle Hansen
Chair

CEO
Deidre Schmidt
President, CEO

  Score
(out of 100)
Rating
Overall Score & Rating 96.46 four stars
  Financial 95.00 four stars
  Accountability & Transparency 100.00 four stars
This rating was published 02/01/2018 and includes data from FY2016, 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.

Results Information

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Financial

four stars

95.00

Accountability & Transparency

four stars

100.00

This rating was published 02/01/2018 and includes data from FY2016, 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)
87.8%
  Administrative Expenses 4.6%
  Fundraising Expenses 7.5%
  Fundraising Efficiency $0.07
  Working Capital Ratio (years) 3.42
  Program Expenses Growth 11.7%
  Liabilities to Assets 43.2%
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.
REVENUE  
Contributions  
   Contributions, Gifts & Grants $3,015,901
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $362,014
   Related Organizations $0
   Government Grants $3,154,251
Total Contributions $6,532,166
   Program Service Revenue $18,103,046
Total Primary Revenue $24,635,212
   Other Revenue $-6,760,946
TOTAL REVENUE $17,874,266
   
EXPENSES  
   Program Expenses $8,295,949
   Administrative Expenses $921,649
   Fundraising Expenses $1,441,338
TOTAL FUNCTIONAL EXPENSES $10,658,936
   
Payments to Affiliates $0
Excess (or Deficit) for the year $7,215,330
   
Net Assets $57,535,840

Charts

Compensation % of Expenses Paid to Title
$241,804 2.26% Deidre Schmidt President, CEO

Mission

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.

Highly Rated

Charity Name & State Overall Score Overall Rating
CommonBond Communities (MN) 96.46 four stars
HomeAid America (CA) 96.69 four stars
CHN Housing Partners (OH) 85.01 three stars
HomeFront, CT/NY (CT) 87.97 three stars
Good Works, Inc. (PA) 85.08 three stars

Compare These Charities (Highly Rated)

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

Kyle Hansen
Chair

CEO

Deidre Schmidt
President, CEO