Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1976.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
89 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
29 people listed on the 990; $401K paid to officers and key staff.
Compensation history total reportable pay by year · 6 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Deidre Schmidt | $298,332 | $297,141 | $297,474 | $296,586 | $282,058 | $264,782 |
| Heidi Rathmann | $187,225 | $171,322 | — | — | — | — |
| Derek Madsen | — | — | — | $104,280 | $163,493 | $169,570 |
| Tamara Fallon | — | — | — | — | — | $108,858 |
| Jennifer Anderson | $95,290 | — | — | — | — | — |
| Karen Law | $72,708 | — | — | — | — | — |
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.
See Commonbond Communities executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Builds affordable housing and provides community support services to help residents achieve stable homes, strong futures, and vibrant neighborhoods.
Questions for Commonbond Communities
Your first name shows with your question. Commonbond Communities answers here, for everyone.
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.
Advantage Services
Commonbond is dedicated to providing safe, affordable housing for community members in need. However, as important as safe housing is for residents, commonbond's communities are more than shelter -- they are places for residents to gain stability and build community.
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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Federal money
Plus 1 smaller program.
The auditor reported no findings.
Plus 1 smaller program.
The auditor reported 1 finding: a material weakness in money controls.
Plus 1 smaller program.
The auditor reported 1 finding: a material weakness in money controls.
Plus 2 smaller programs.
The auditor reported no findings.
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $21.6M | $12.1M |
| InvestmentsLn 11–13 | $77.4M | $94.8M |
| Land, buildings, equipmentLn 10c | $57.2M | $50.9M |
| Total assetsLn 16 | $162.4M | $167.3M |
| LiabilitiesLn 26 | $74.7M | $74.8M |
| Net assetsLn 32 | $87.7M | $92.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $433K | $234K | $22K | $178K |
| Other salaries and wagesLn 7 | $6.5M | $5.5M | $270K | $649K |
| Other employee benefitsLn 9 | $592K | $506K | $5K | $81K |
| Payroll taxesLn 10 | $549K | $461K | $23K | $65K |
| Other fees for servicesLn 11g | $1.0M | $609K | $171K | $256K |
| Office expensesLn 13 | $540K | $444K | $37K | $59K |
| OccupancyLn 16 | $229K | $229K | ||
| TravelLn 17 | $145K | $121K | $4K | $20K |
| Conferences, conventions and meetingsLn 19 | $89K | $74K | $2K | $12K |
| InterestLn 20 | $2.0M | $1.9M | $12K | $87K |
| Depreciation, depletion and amortizationLn 22 | $2.0M | $1.9M | $177K | |
| InsuranceLn 23 | $407K | $376K | $31K | |
| Other expenses (24a–d)Ln 24 | $6.2M | $6.2M | $29K | $35K |
| All other expensesLn 24e | $1.6M | $1.4M | $38K | $190K |
| Total functional expensesLn 25 | $22.4M | $20.0M | $821K | $1.6M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Jul 16, 2026 | $48.9M | $34.1M | $14.8M | $134.5M | 990 PDF |
| FY2024Filed with the IRS Jul 8, 2025 | $52.4M | $38.0M | $14.3M | $107.7M | 990 PDF |
| FY2023Filed with the IRS Aug 21, 2024 | $30.1M | $43.7M | −$13.6M | $82.5M | 990 PDF |
| FY2022 ViewingFiled with the IRS Jun 26, 2023 | $26.7M | $22.4M | $4.3M | $92.4M | 990 PDF |
| FY2021Filed with the IRS Jun 14, 2022 | $28.1M | $22.4M | $5.7M | $87.7M | 990 PDF |
| FY2020Filed with the IRS Jun 4, 2021 | $26.3M | $22.1M | $4.2M | $76.5M | 990 PDF |
Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $26,682,469 revenue, 12 lines filed
Part VI · Governance 22 of 23 board members independent, no flags
Part VIII · Statement of revenue $26,682,469 across 9 lines filed
Part IX · Statement of functional expenses $22,407,633 across 14 lines filed
Part X · Balance sheet $167,271,935 assets, 16 lines filed
Part XI · Reconciliation of net assets $92,424,458 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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