Common Capital, INC. Is a nonprofit community development financial institution (cdfi) certified by the u.s. Treasury department working to grow and strengthen the regional economy by strengthening local businesses and community organizations in western and central massachusetts. Common Capital, INC. Provides business loans and technical assistance to help business owners and organizations establish and grow in order to improve income levels, expand job opportunities, and strengthen the local communities. Common caputal, INC. Also provides direct access to alternative financing sources and predominately serves economically-distressed, low-wealth communities.

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $417K a year · 24% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
30 mo
of spending, in cash
Looks good: 30.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $154K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$3.0M
39% of total assets
Looks good: liabilities are 39% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
+68% vs prior year
Spent
$1.1M
To programs
73%
Net assets
$4.7M
By yearFY2020–FY2025
Revenue
$1.6M
FY2021▲ +68%
Tap a bar for its year
Revenue by fiscal year
FY2020$926K
FY2021$1.6M
FY2022$3.2M
FY2023$2.0M
FY2024$1.1M
FY2025$1.8M
Expenses
$1.1M
FY2021▲ +20%
Tap a bar for its year
Expenses by fiscal year
FY2020$939K
FY2021$1.1M
FY2022$1.1M
FY2023$1.5M
FY2024$1.6M
FY2025$1.8M
Net assets
$4.7M
FY2021▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.3M
FY2021$4.7M
FY2022$6.8M
FY2023$7.3M
FY2024$6.8M
FY2025$6.8M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1990.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $827K Management & general 27% · $303K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Assistant Clerk
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Raymond Lanza-Weil’s $150K as CEO is at the 46th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2020
Raymond Lanza-Weil$150,051$142,632$127,593$47,834—
Sam Ortiz————$107,230

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Invests in local businesses and communities to boost the regional economy.

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Provided by the organization

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1 program · $827K · in their own filed words · FY2020
01

Provides business loans and technical assistance to help business owners and organizations establish and grow in order to improve income levels, expand job opportunities and strengthen the local communities. Also provides direct access to alternative financing sources.

$827Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 4 funders →
Grants paid · 1 grant · $15K · 2021–2021
Unitemized GrantFY2021$14,750

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$1.1M
Fees for servicesLn 2g$441K
Other incomeLn 4–11$21K
Money outPt IX
$1.1M
Ln 25
Programscol B$827K
Managementcol C$303K
Owns and owesPt X
$4.7M
net assets · Ln 32
Cash and savingsLn 1–2$2.8M
Total assetsLn 16$7.7M
LiabilitiesLn 26$3.0M
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Government grantsLn 1e$475K
Fees for servicesLn 2g$441K
Investment incomeLn 3−$6K
Other incomeLn 4–11$21K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
SavingsLn 2$2.8M
Cash and savings togetherLn 1–2$2.8M
InvestmentsLn 11–13$31K
Land, buildings, equipmentLn 10c$234
Other assetsLn 15$20K
Total assetsLn 16$7.7M
LiabilitiesLn 26$3.0M
Net assetsLn 32$4.7M
OperationsPt I, VI
EmployeesI 59
VolunteersI 617
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.9M$2.8M
InvestmentsLn 11–13$39K$31K
Land, buildings, equipmentLn 10c$623$234
Total assetsLn 16$7.2M$7.7M
LiabilitiesLn 26$2.9M$3.0M
Net assetsLn 32$4.3M$4.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$144K$144K
Other salaries and wagesLn 7$292K$292K
Other employee benefitsLn 9$35K$35K
Payroll taxesLn 10$36K$26K$10K
Legal feesLn 11b$11K$11K
Accounting feesLn 11c$36K$3K$33K
Other fees for servicesLn 11g$55K$38K$17K
Office expensesLn 13$8K$4K$4K
Information technologyLn 14$29K$29K
OccupancyLn 16$29K$29K
TravelLn 17$600$592$8
Conferences, conventions and meetingsLn 19$975$975
InterestLn 20$47K$47K
Depreciation, depletion and amortizationLn 22$389$389
InsuranceLn 23$16K$16K$1
Other expenses (24a–d)Ln 24$391K$309K$82K
Total functional expensesLn 25$1.1M$827K$303K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.8M$1.8M−$29K$6.8M 990 PDF
FY2024 $1.1M$1.6M−$456K$6.8M 990 PDF
FY2023 $2.0M$1.5M$503K$7.3M 990 PDF
FY2022 $3.2M$1.1M$2.1M$6.8M 990 PDF
FY2021 Viewing $1.6M$1.1M$425K$4.7M 990 PDF
FY2020 $926K$939K−$14K$4.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $1,556,130 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $500,814$1,094,054
I-9 Program service revenuePrior year $334,006$441,102
I-10 Investment incomePrior year $3,488−$6,334
I-11 Other revenuePrior year $87,412$27,308
I-12 Total revenuePrior year $925,720$1,556,130
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $479,113$507,039
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $460,345$623,647
I-18 Total expensesPrior year $939,458$1,130,686
I-19 Revenue less expensesPrior year −$13,738$425,444
Part VI · Governance 11 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,556,130 across 7 lines filed
VIII-1e Government grants$475,046
VIII-1f All other contributions, gifts and grants$619,008
VIII-1h Total contributions, gifts and grants$1,094,054
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $441,102$441,102
VIII-3 Investment incomeExcluded from tax −$6,334−$6,334
VIII-5 RoyaltiesRelated to mission $27,308$27,308
VIII-12 Total revenueRelated to mission $468,410 · Unrelated business $0 · Excluded from tax −$6,334$1,556,130
Part IX · Statement of functional expenses $1,130,686 across 16 lines filed
IX-5 Pay of current officers, directors and key staffManagement $144,025$144,025
IX-7 Other salaries and wagesPrograms $291,895$291,895
IX-9 Other employee benefitsPrograms $35,284$35,284
IX-10 Payroll taxesPrograms $25,535 · Management $10,300$35,835
IX-11b Legal feesManagement $10,940$10,940
IX-11c Accounting feesPrograms $3,011 · Management $32,996$36,007
IX-11g Other fees for servicesPrograms $37,563 · Management $17,265$54,828
IX-13 Office expensesPrograms $3,730 · Management $4,164$7,894
IX-14 Information technologyPrograms $29,194$29,194
IX-16 OccupancyPrograms $29,076$29,076
IX-17 TravelPrograms $592 · Management $8$600
IX-19 Conferences, conventions and meetingsManagement $975$975
IX-20 InterestPrograms $46,787$46,787
IX-22 Depreciation, depletion and amortizationManagement $389$389
IX-23 InsurancePrograms $15,534 · Management $1$15,535
IX-24 Other expenses (24a–d)Programs $309,083 · Management $82,339$391,422
IX-25 Total functional expensesPrograms $827,284 · Management $303,402 · Fundraising $0$1,130,686
Part X · Balance sheet $7,690,982 assets, 13 lines filed
Asset lines not itemized here account for $4,677,414; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $1,903,537$2,842,095
X-3 Pledges and grants receivableStart of year $162,724$119,005
X-4 Accounts receivableStart of year $5,155$822
X-10c Land, buildings and equipment, netStart of year $623$234
X-13 Program-related investmentsStart of year $38,984$31,216
X-15 Other assetsStart of year $7,583$20,196
X-16 Total assetsStart of year $7,154,318$7,690,982
X-17 Accounts payable and accrued expensesStart of year $271,815$141,872
X-26 Total liabilitiesStart of year $2,901,531$3,012,751
X-27 Net assets without donor restrictionsStart of year $3,975,787$4,264,471
X-28 Net assets with donor restrictionsStart of year $277,000$413,760
X-32 Total net assets or fund balancesStart of year $4,252,787$4,678,231
X-33 Total liabilities and net assetsStart of year $7,154,318$7,690,982
Part XI · Reconciliation of net assets $4,678,231 net assets at year end
XI-1 Total revenue$1,556,130
XI-2 Total expenses$1,130,686
XI-3 Revenue less expenses$425,444
XI-4 Net assets at start of year$4,252,787
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,678,231

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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