Commonbond Communities

Organization Overview

Commonbond Communities is located in Saint Paul, MN. The organization was established in 1976. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Commonbond Communities employed 128 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Commonbond Communities is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Commonbond Communities generated $26.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $22.4m during the year ending 12/2022. While expenses have increased by 11.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

COMMONBOND'S MISSION IS TO BUILD STABLE HOMES, STRONG FUTURES AND VIBRANT COMMUNITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ADVANTAGE SERVICES: COMMONBOND'S ADVANTAGE SERVICES PROGRAM PROVIDES HOLISTIC RESIDENT SERVICES THAT SUPPORT HOUSING STABILITY AND PREVENT EVICTIONS FOR RESIDENTS WITH LOW INCOMES AND BARRIERS TO STABILITY. ADVANTAGE SERVICES ARE FOCUSED ON STABILITY AND INDEPENDENCE; EDUCATION AND ADVANCEMENT; HEALTH AND WELLNESS; AND COMMUNITY BUILDING AND ENGAGEMENT. IN 2023, ADVANTAGE SERVICES DIRECTLY SERVED 4,304 COMMONBOND RESIDENTS.SEE SCHEDULE O FOR MORE INFO ON ADVANTAGE SERVICES' ACCOMPLISHMENTS.STABILITY AND INDEPENDENCE: STAFF PROVIDE SUPPORT TO HELP RESIDENTS MAINTAIN STABLE HOUSING INCLUDING RESIDENT LEASE EDUCATION AND SUPPORT TO ADDRESS PAST DUE RENTAL BALANCES, INCLUDING RESOURCE REFERRALS AND ASSISTANCE APPLYING FOR EMERGENCY ASSISTANCE. IN 2023, 83% OF HOUSING EXITS WERE POSITIVE OR NEUTRAL AND 93% OF HOUSEHOLDS WITH A LEASE VIOLATION IN THE LAST YEAR MAINTAINED HOUSING WITH COMMONBOND OR EXITED POSITIVELY OR NEUTRALLY.EDUCATION AND ADVANCEMENT: STAFF WORK WITH ADULTS TO HELP THEM MAINTAIN STABLE HOUSING THROUGH EMPLOYMENT SERVICES, FINANCIAL COACHING AND COUNSELING, AND MAXIMIZING INCOME SUPPORTS. IN 2023, 1,244 ADULTS RECEIVED EMPLOYMENT AND/OR FINANCIAL SERVICES. CHILDREN AND YOUTH HAVE ACCESS TO ACADEMIC SUPPORT AND MENTORSHIP THROUGH STUDY BUDDIES, HOMEWORK CENTERS, TEEN PROGRAMS, AND ENRICHMENT/LEADERSHIP PROGRAMS. IN 2023, THESE PROGRAMS SERVED 226 YOUTH AND TEENS. 100% OF YOUTH DEVELOPED A POSITIVE RELATIONSHIP WITH AN ADULT, 94% OF TEENS ENGAGED IN FUTURE PLANNING.HEALTH AND WELLNESS: SENIORS AND RESIDENTS WITH DISABILITIES BENEFIT FROM EVIDENCE-BASED HEALTH AND WELLNESS PROGRAMS. THE GOAL IS TO KEEP RESIDENTS ACTIVE AND IN THEIR OWN HOMES. IN 2023, 90% OF EXERCISE CLASS PARTICIPANTS IMPROVED OR MAINTAINED THEIR STRENGTH AND COORDINATION. 254 INDIVIDUALS PARTICIPATED IN HEALTH AND WELLNESS PROGRAMS.COMMUNITY BUILDING AND ENGAGEMENT: WE PROVIDE OPPORTUNITIES FOR COMMUNITY-BUILDING, INCLUDING RESIDENT ASSOCIATIONS, WALKING GROUPS, COMMUNITY GARDENS, AND MULTI-GENERATIONAL EVENTS. THE GOAL IS TO EMPOWER RESIDENTS TO DEVELOP ACTIVITIES THAT ARE MEANINGFUL IN THEIR OWN COMMUNITIES. IN 2023, MORE THAN 1,432 RESIDENTS PARTICIPATED IN THESE ACTIVITIES.


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 2023, COMMONBOND OWNED AND MANAGED MORE THAN 7,000 UNITS OF AFFORDABLE HOUSING THAT PROVIDED NEARLY 13,000 PEOPLE (FAMILIES, SENIORS, VETERANS, AND PEOPLE WITH DISABILITIES AND OTHER BARRIERS) A PLACE TO CALL HOME.


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.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Deidre Schmidt
President & CEO
$297,474
Barb Tretheway
Secretary
$0
Cindy Koch
Treasurer
$0
Matt Schriner
Director
$0
Jamal Adam
Director
$0
Wade C Lau
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$748,926
Related organizations$0
Government grants $5,993,095
All other contributions, gifts, grants, and similar amounts not included above$5,235,684
Noncash contributions included in lines 1a–1f $66,828
Total Revenue from Contributions, Gifts, Grants & Similar$11,977,705
Total Program Service Revenue$14,625,559
Investment income $79,205
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $26,682,469

Peer Organizations

Organization NameAssets
Commonbond Communities
Saint Paul, MN
$26,682,469
Southwest Minnesota Housing Partnership
Slayton, MN
$12,931,665
Ho-Chunk Housing And Community Development Agency
Tomah, WI
$11,996,129
Ppl Properties
Minneapolis, MN
$10,418,182
Reach For Your Potential Inc
Iowa City, IA
$10,234,083
Region Xii Council Of Governments Inc
Carroll, IA
$8,194,852
Grand Forks Homes Inc
Grand Forks, ND
$4,265,696
Community Action Region Vi
Jamestown, ND
$4,239,615
Beyond Shelter Inc
Fargo, ND
$7,679,632
Ponderosa Apartments Inc
Spearfish, SD
$2,922,476
3700 Green Tree Corporation
Milwaukee, WI
$2,933,809
Northport Apartments Corporation
Milwaukee, WI
$1,900,041
Nicollet Meadows Housing Group
Slayton, MN
$1,019,249
Plymouth Apartments Corporation
Milwaukee, WI
$1,262,370
Jfs Housing Inc
Milwaukee, WI
$1,614,032
The Village Community
Coralville, IA
$1,369,183
Albert Lea Trades & Labor Assembly Senior Housing Inc
Albert Lea, MN
$1,294,343
Ames Ecumenical Housing Inc
West Des Moines, IA
$1,088,997
Neighborhood Housing Services Of The Black Hills
Deadwood, SD
$1,295,374
6800 Teutonia Corporation
Milwaukee, WI
$793,515
Southern Iowa Rural Housing Agency Inc
Creston, IA
$778,316
Seabury
St Paul, MN
$504,856
Phs Monticello Inc
Roseville, MN
$846,802
Ahepa 192 Inc
Johnston, IA
$636,470
Independence Village Inc
Sioux City, IA
$546,428

Create an account to unlock the data you need.

or