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.
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

Charts

Compensation % of Expenses Paid to Title
$165,042 8.05% Timothy Flacke Executive Director

Mission

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.

Highly Rated

Charity Name & State Overall Score Overall Rating
Commonwealth (MA) 88.26 three stars
LiftFund (TX) 88.07 three stars
Accion East (NY) 92.29 four stars
World Business Chicago (IL) 86.90 three stars
SaverLife (CA) 91.23 four stars

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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