NonprofitsCommonbond Communities

Commonbond Communities

ST PAUL, MN

Total revenue

$52.4M

Total expenses

$38.0M

Net assets

$107.7M

Grants received

$24.0M

295 grants

EIN

411260469

Tax year

2024

Mission

Commonbond's mission is to build stable homes, strong futures and vibrant communities.

Programs

2 programs

Housing development, property management and asset management: since 1971, commonbond communities has been providing homes and hope for those most in need in our community. As a premier nonprofit developer and manager of affordable housing, commonbond is best positioned to address the critical need for more affordable housing in our region. In order to achieve its goal of serving 15,000 per year by 2025, commonbond has been aggressively growing its real estate pipeline, developing financing tools internally and with stakeholders, and evaluating its existing portfolio for upcoming needs. See schedule o for more info on housing development, property management, and asset management's accomplishments.during 2024, commonbond owned more than 7,000 units of affordable housing that served nearly 13,000 residents including families, youth, seniors, veterans, and people with disabilities and other barriers to stability.

Expenses: $28.5M

Community engagement: integral to our work are the relationships that are formed to benefit our resident community and our housing communities in general. Community members work hand-in-hand with staff and residents at our housing communities. Hundreds of residents, critical service providers, local business owners, municipalities, community groups, faith communities, and other neighborhood organizations serve on boards and committees to help foster understanding and support the housing communities and the people who live there. This model promotes resident leadership and helps break down barriers that sometimes arise between an affordable housing site and its surrounding neighborhood.

Expenses: $135K

Financials

FY 2024

Revenue

Contributions & grants$27.7M
Program service revenue$17.7M
Investment income$7.0M
Other revenue
Total revenue$52.4M

Expenses

Grants paid
Salaries & benefits$8.1M
Fundraising$2.4M
Other expenses$29.9M
Total expenses$38.0M
Total assets$212.4M
Net assets$107.7M

People

25 listed

NameRoleCompensation

DEIDRE SCHMIDT

PRESIDENT & CEO

Board

$297K

40 hrs/wk

CINDY KOCH

TREASURER

Board

1 hrs/wk

MATT SCHRINER

DIRECTOR

Board

1 hrs/wk

JAMAL ADAM

DIRECTOR

Board

1 hrs/wk

WADE C LAU

DIRECTOR

Board

1 hrs/wk

TASHA ALEXANDER

VICE CHAIR

Board

1 hrs/wk

EVA STEVENS

DIRECTOR

Board

1 hrs/wk

NICOLE BROOKSHIRE

DIRECTOR

Board

1 hrs/wk

ADAM BERNIER

CHAIR

Board

1 hrs/wk

R PARTICIA TRISH KELLY

DIRECTOR

Board

1 hrs/wk

MEGAN REMARK

DIRECTOR

Board

1 hrs/wk

SITA MORANTZ

DIRECTOR

Board

1 hrs/wk

VALERIE SPENCER

DIRECTOR

Board

1 hrs/wk

JENNIFER THAO

DIRECTOR

Board

1 hrs/wk

SHAILJA AMBROSE

DIRECTOR

Board

1 hrs/wk

FATIMA MOORE

DIRECTOR

Board

1 hrs/wk

MOHAMED OMAR

DIRECTOR

Board

1 hrs/wk

MARK RUNKEL

DIRECTOR

Board

1 hrs/wk

JACKIE TURNER

DIRECTOR

Board

1 hrs/wk

ANGELA RILEY

EVP OF RISK MANAGEMENT

Board

1 hrs/wk

JENNIFER ANDERSON

INTERIM CFO

Board

1 hrs/wk

BARB TRETHEWAY

SECRETARY

Board

1 hrs/wk

HEIDI RATHMANN

INTERIM VP OF A&D

Staff

$171K

1 hrs/wk

THOMAS ADAMS

EXECUTIVE VP OF HOUSING SERVICES

Staff

1 hrs/wk

KAREN LAW

EXECUTIVE VP OF TALENT EQUITY, CULTURE

Staff

1 hrs/wk

Grants received

Showing 200 of 295

FromAmountPurposeYear
$451K
DONOR ADVISED, HUMAN SERVICES
2024
$225K
for general operating support
2024
$125K
GENERAL OPERATING SUPPORT
2024
$125K
GENERAL OPERATIONS
2024
$100K
ECONOMIC OPPORTUNITY - HOMETOWN
2024
$100K
for general operating support
2024
$100K
GENERAL FUND
2024
$70K
UNRESTRICTED GENERAL SUPPORT
2024
$62K
RENTAL ASSISTANCE
2024
$46K
MULTIPLE GRANTS FOR MULTIPLE PURPOSES
2024
$45K
GENERAL OPERATING SUPPORT
2024
$45K
GENERAL OPERATIONS
2024
$40K
ADVANTAGE SERVICES IN WASHINGTON CTY
2024
$34K
GENERAL OPERATIONS
2024
$27K
Health Promotion Services (Title IIID OAA)
2024
$25K
COMMONBOND SUPPORTING HOUSING- 4YR PLEDGE, PMT 1
2024
$25K
ADVANTAGE SERVICES FOR OLDER ADULTS WITH LOW INCOMES
2024
$17K
HUMAN SERVICE
2024
$15K
GENERAL FUND
2024
$15K
FINANCIAL ASSISTANCE
2024
$14K
PARTNER SUSTAINABILITY GENERAL
2024
$14K
PROGRAM COSTS
2024
$14K
GENERAL OPERATING, PROGRAM SUPPORT
2024
$7K
COMMUNITY ROOM REFRESH PHASE 2
2024
$6K
PROGRAM SUPPORT
2024
$5K
GENERAL OPERATING SUPPORT
2024
$5K
Further the mission of the organization for affordable housing.
2024
$4K
GENERAL CHARITABLE PURPOSES
2024
$3K
PROGRAM SUPPORT
2024
$2K
CHARITABLE CONTRIBUTION
2024
$270
Affordable Housing
2024
$200
GOS
2024
$2M
SUPPORT FOR THE CAMPAIGN FOR COMMONBOND COMMUNITIES
2023
$356K
DONOR-ADVISED, HUMAN SERVICES
2023
$250K
TORRE DE SAN MIGUEL
2023
$250K
GENERAL FUND
2023
$240K
MULTIPLE GRANTS FOR PROGRAMS, OPERATIONS, OR OTHER PURPOSES
2023
$225K
CAPITAL CAMPAIGN FOR PEOPLE, PLACES
2023
$225K
For general operating support - CommonBond Communities' mission is to address racial and economic disparities in communities through the development and management of affordable housing.
2023
$200K
CHARITABLE
2023
$200K
CAPITAL SUPPORT
2023
$125K
GENERAL OPERATING SUPPORT
2023
$125K
GENERAL OPERATIONS
2023
$122K
GENERAL OPERATING, PROGRAM SUPPORT
2023
$100K
ECONOMIC OPPORTUNITY - HOMETOWN
2023
$56K
COMMUNITY WELFARE
2023
$50K
RISE Early Learning Childcare Center
2023
$50K
GENERAL FUND
2023
$45K
GENERAL OPERATING SUPPORT
2023
$41K
For grant recipient's exempt purposes
2023
$36K
GENERAL OPERATIONS
2023
$36K
GRANADA YOUTH PROGRAMS
2023
$30K
GOS
2023
$30K
UNRESTRICTED GENERAL SUPPORT
2023
$26K
MANUFACTURED HOUSING
2023
$22K
Health Promotion Services (Title IIID OAA)
2023
$20K
GRANT IS FOR RECIPIENTS GENERAL FUND
2023
$20K
GENERAL OPERATIONS
2023
$20K
SUPPORTING ENTITIES THAT PROVIDE COMMUNITY AND EDUCATIONAL SERVICES AS WELL AS THOSE THAT PROMOTE HOUSING, COMMUNITY DEVELOPMENT AND/OR JOB CREATION FOR LOW-INCOME INDIVIDUALS OR COMMUNITIES.
2023
$17K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$16K
GENERAL DONATIONS
2023
$15K
ADVANTAGE SERVICES FOR OLDER ADULTS WITH LOW INCOMES
2023
$15K
GENERAL FUND
2023
$13K
HUMAN SERVICE
2023
$12K
TO SUPPORT THE IMPROVEMENT OF RENTER STABILITY THROUGH RESPONSIBLE LANDLORD PRACTICES AND EXPAND SUPPLY OF AFFORDABLE RENTAL HOUSING.
2023
$10K
CHARITABLE DONATION
2023
$10K
COMMUNITY VITALITY MATCH PAYROLL DEDUCTION (501(C)3)
2023
$10K
Affordable Housing with Resident Services
2023
$10K
GENERAL OPERATING
2023
$10K
PROGRAM SUPPORT
2023
$10K
Emergency Financial Assistance Redesign
2023
$10K
FINANCIAL ASSISTANCE
2023
$8K
524 - WORKSHEET SCHEDULE I
2023
$8K
TICKETS TO KIDS
2023
$7K
PROGRAM COSTS
2023
$6K
PROGRAM SUPPORT
2023
$5K
General Operations
2023
$5K
GENERAL OPERATING SUPPORT
2023
$4K
AFFORDABLE HOUSING WITH SERVICES FOR FAMILIES WITH LOW INCOMES
2023
$3K
General Operations
2023
$3K
FINANCIAL SUPPORT
2023
$3K
GENERAL OPERATING FUND
2023
$2K
PROGRAM/OPERATING SUPPORT
2023
$1K
ANNUAL CONTRIBUTION
2023
$1K
GENERAL OPERATING
2023
$500
CHARITABLE CONTRIBUTION
2023
$500
PROGRAM/OPERATING SUPPORT
2023
$200
GOS
2023
$200
GOS
2023
$1.8M
COMMUNITY WELFARE
2022
$500K
GENERAL DONATION
2022
$200K
For general operating support
2022
$200K
CHARITABLE
2022
$125K
GENERAL OPERATIONS
2022
$101K
DONOR-RECOMMENDED, COMMUNITY & ECONOMIC DEVELOPMENT
2022
$100K
GENERAL OPERATING SUPPORT
2022
$66K
For grant recipient's exempt purposes
2022
$56K
CAMPAIGN GIFT, GENERAL OPER
2022
$50K
MULTIPLE GRANTS FOR MULTIPLE PURPOSES
2022
$50K
GENERAL FUND
2022
$36K
Health Promotion Services (Title IIID OAA)
2022
$33K
GENERAL OPERATING
2022
$29K
HUMAN SERVICES
2022
$29K
GENERAL SUPPORT
2022
$28K
GRANADA YOUTH PROGRAMS
2022
$25K
GENERAL OPERATIONS
2022
$25K
GENERAL OPERATIONS
2022
$25K
SUPPORTING ENTITIES THAT PROVIDE COMMUNITY AND EDUCATIONAL SERVICES AS WELL AS THOSE THAT PROMOTE HOUSING, COMMUNITY DEVELOPMENT AND/OR JOB CREATION FOR LOW-INCOME INDIVIDUALS OR COMMUNITIES.
2022
$22K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$15K
UNRESTRICTED GENERAL SUPPORT
2022
$15K
GRANT IS FOR RECIPIENTS MANKATO ADVANTAGE SERVICES
2022
$15K
ADVANTAGE SERVICES FOR OLDER ADULTS WITH LOW INCOMES
2022
$15K
GENERAL FUND
2022
$14K
CHARITABLE DONATION
2022
$13K
HUMAN SERVICE
2022
$12K
PROGRAM COSTS
2022
$10K
COMMUNITY VITALITY / MATCHING FUNDS
2022
$10K
GOS
2022
$10K
PROGRAM SUPPORT
2022
$10K
GENERAL OPERATING
2022
$10K
GENERAL OPERATIONS OF THE ORGANIZATION
2022
$10K
FINANCIAL ASSISTANCE
2022
$6K
GENERAL OPERATIONS
2022
$6K
PROGRAM SUPPORT
2022
$5K
DONOR DESIGNATIONS
2022
$5K
FINANCIAL SUPPORT
2022
$3K
Milwaukee Operations
2022
$1K
CHARITABLE CONTRIBUTION
2022
$1K
In appreciation of Maureen Michalski's participation during the August 2022 board meeting
2022
$308
GOS
2022
$100
MATCHING GIFTS
2022
$200K
for general operating support
2021
$200K
for general operating support
2021
$150K
FITZGERALD FLATTS CAPITAL SUPPORT
2021
$100K
GENERAL OPERATIONS
2021
$65K
DONOR-RECOMMENDED, COMMUNITY & ECONOMIC DEVELOPMENT
2021
$36K
MULTIPLE GRANTS FOR MULTIPLE PURPOSES
2021
$34K
HUMAN SERVICES
2021
$31K
RESIDENT SERVICES SUPPORT, COUNSELING OUTREACH & INCENTIVES
2021
$28K
GRANADA YOUTH PROGRAMS
2021
$19K
For grant recipient's exempt purposes
2021
$19K
For grant recipient's exempt purposes
2021
$17K
CHARITABLE DONATION
2021
$15K
GENERAL FUND
2021
$15K
CHARITABLE
2021
$13K
CHARITABLE
2021
$10K
MATCHING EMPLOYEE DONATION / ECONOMIC SUSTAINABILITY GRANT
2021
$10K
GENERAL OPERATING
2021
$6K
UNRESTRICTED
2021
$2K
FINANCIAL SUPPORT
2021
$1K
CHARITABLE CONTRIBUTION
2021
$500
AFFORDABLE HOUSING
2021
$450K
GENERAL OPERATING SUPPORT
2020
$250K
CAPITAL
2020
$225K
For general operating support, and for a feasibility study on an umbrella partnership real estate investment trust (UPREIT)
2020
$225K
For general operating support, and for a feasibility study on an umbrella partnership real estate investment trust (UPREIT)
2020
$150K
GENERAL OPERATING
2020
$125K
COMMITTED IN 2019 - HOMETOWN - RACIAL EQUITY; 2-YEAR GRANT
2020
$114K
MULTIPLE PURPOSES
2020
$100K
TO SUPPORT THE HOUSING STABILITY OF HOUSEHOLDS IMPACTED BY COVID-19 THROUGH RESIDENT SERVICES
2020
$100K
GENERAL OPERATING SUPPORT
2020
$95K
Health Promotion Services (Title IIID OAA)
2020
$80K
TRANSITION FUNDING
2020
$75K
EMERGENCY SUPPORT DURING COVID-19
2020

Funded by

$24.0M from 101 funders · 295 grants · 2017–2024

Neighborhood Reinvestment Corporation

$4.5M · 7 grants · 2017–2023

Fred C and Katherine B Andersen Foundation

$2.7M · 4 grants · 2020–2024

Margaret A Cargill Foundation

$2.0M · 2 grants · 2020–2023

Black Hills Area Community

$1.9M · 2 grants · 2022–2023

The Minneapolis Foundation

$1.6M · 8 grants · 2017–2024

The McKnight Foundation

$1.6M · 9 grants · 2020–2024

Otto Bremer Trust

$820K · 8 grants · 2019–2024

Saint Paul & Minnesota Foundation

$676K · 7 grants · 2018–2024

Details

EIN411260469
Subsection03
Ruling date1976-01
Formed1971
Employees121
Volunteers167
COMMONBOND COMMUNITIES — Mission, Financials & Grants Received | Grantivo