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Community Development : Housing and Neighborhood Development

Commonwealth

We build solutions to make people financially secure.

three stars

88.26

22 Batterymarch Street Suite 501
Boston, MA 02109
tel: (617) 541-9066   Web Site
EIN: 04-3540147

Board Leadership
Peter Tufano
Founder and Chair

CEO
Timothy Flacke
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 88.26 three stars
  Financial 87.58 three stars
  Accountability & Transparency 89.00 three stars
This rating was published 11/01/2019 and includes data from FY2018, the most recent 990 received at that time.

D2D Fund is now Commonwealth

We have spent more than a year reflecting on our first 15 years and thinking deeply about the future - all to realize our fundamental purpose for the next 15 years, to create a stronger and more prosperous society where everyone has financial opportunity.
Unfortunately, too many people in the U.S. today lack financial stability. For people to pursue their full potential, we need more wealth - of opportunity, of tools, of financial assets - and we need that wealth to be more widespread.

We aspire to accomplish that by building innovative solutions that make people financially secure. We collaborate with consumers, the financial services industry, policy makers, and mission-driven organizations to discover ideas, pilot solutions, and drive innovations to scale so wealth can become possible for everyone.

D2D Fund is now Commonwealth

We have spent more than a year reflecting on our first 15 years and thinking deeply about the future - all to realize our fundamental purpose for the next 15 years, to create a stronger and more prosperous society where everyone has financial opportunity.
Unfortunately, too many people in the U.S. today lack financial stability. For people to pursue their full potential, we need more wealth - of opportunity, of tools, of financial assets - and we need that wealth to be more widespread.

We aspire to accomplish that by building innovative solutions that make people financially secure. We collaborate with consumers, the financial services industry, policy makers, and mission-driven organizations to discover ideas, pilot solutions, and drive innovations to scale so wealth can become possible for everyone.

Impact Information

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Financial

three stars

87.58

Accountability & Transparency

three stars

89.00

This rating was published 11/01/2019 and includes data from FY2018, 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)
88.7%
  Administrative Expenses 8.1%
  Fundraising Expenses 3.1%
  Fundraising Efficiency $0.04
  Working Capital Ratio (years) 0.93
  Program Expenses Growth < 0.1%
  Liabilities to Assets 4.5%
All data for Financial Performance Metrics calculations was provided by Commonwealth on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Commonwealth on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Commonwealth (MA) 88.26 three stars
Accion East (NY) 92.29 four stars
Hebrew Free Loan of Metropolitan Detroit (MI) 89.19 three stars
ACCION San Diego (CA) 94.74 four stars
Hope Enterprise Corporation (MS) 87.76 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,200,715
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $1,200,715
   Program Service Revenue $258,570
Total Primary Revenue $1,459,285
   Other Revenue $83,076
TOTAL REVENUE $1,542,361
   
EXPENSES  
   Program Expenses $1,810,802
   Administrative Expenses $166,889
   Fundraising Expenses $69,998
TOTAL FUNCTIONAL EXPENSES $2,047,689
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-505,328
   
Net Assets $1,890,901

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.

Due to an error on this organization's Form 990, we are unable to display program information.

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-09 11/01/2019 88.26 three stars
2017-09 09/01/2018 91.42 four stars
2016-09 02/01/2018 91.72 four stars
2015-09 09/01/2016 92.22 four stars
2014-09 06/01/2016 92.02 four stars
 
CN 2.0
2014-09 11/01/2015 90.60 four stars
2013-09 04/01/2015 92.20 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 04-3540147
Name in IRS Master File BUILD COMMONWEALTH INC
NTEE Code W99
NTEE Classification Public, Society Benefit - Multipurpose and Other N.E.C.
NTEE Type Public, Society Benefit - Multipurpose and Other
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
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 March, 2001
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End September
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • September, 2017
  • September, 2016
  • September, 2015
  • September, 2014
  • September, 2013
Compensation % of Expenses Paid to Title
$165,042 8.05% Timothy Flacke Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Commonwealth (MA) 88.26 three stars
Tides Center (CA) 96.50 four stars
Accion East (NY) 92.29 four stars
Association for Enterprise Opportunity (DC) 92.20 four stars
Opportunity Fund Community Development (CA) 90.13 four stars

Compare These Charities (Highly Rated)

This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Commonwealth
22 Batterymarch Street
Suite 501
Boston, MA 02109
tel: (617) 541-9066
EIN: 04-3540147

Visit Web Site

Board Leadership

Peter Tufano
Founder and Chair

CEO

Timothy Flacke
Executive Director

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