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
94 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
27 people listed on the 990; $297K 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'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.
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 FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $12.1M | $13.7M |
| InvestmentsLn 11–13 | $94.8M | $84.5M |
| Land, buildings, equipmentLn 10c | $50.9M | $47.8M |
| Total assetsLn 16 | $167.3M | $155.3M |
| LiabilitiesLn 26 | $74.8M | $72.9M |
| Net assetsLn 32 | $92.4M | $82.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $319K | $224K | $16K | $80K |
| Other salaries and wagesLn 7 | $7.0M | $6.1M | $645K | $276K |
| Other employee benefitsLn 9 | $618K | $511K | $72K | $35K |
| Payroll taxesLn 10 | $588K | $507K | $53K | $28K |
| Other fees for servicesLn 11g | $1.2M | $593K | $336K | $230K |
| Office expensesLn 13 | $493K | $414K | $59K | $20K |
| OccupancyLn 16 | $298K | $298K | ||
| TravelLn 17 | $120K | $101K | $12K | $7K |
| Conferences, conventions and meetingsLn 19 | $28K | $23K | $3K | $2K |
| InterestLn 20 | $2.4M | $2.3M | $55K | $45K |
| Depreciation, depletion and amortizationLn 22 | $2.2M | $1.9M | $279K | |
| InsuranceLn 23 | $386K | $355K | $31K | |
| Other expenses (24a–d)Ln 24 | $26.8M | $26.7M | $40K | $57K |
| All other expensesLn 24e | $1.2M | $986K | $43K | $204K |
| Total functional expensesLn 25 | $43.7M | $41.1M | $1.6M | $984K |
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 |
| FY2023 ViewingFiled with the IRS Aug 21, 2024 | $30.1M | $43.7M | −$13.6M | $82.5M | 990 PDF |
| FY2022Filed 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 FY2023 990 (6 parts)
Part I · Summary $30,085,604 revenue, 12 lines filed
Part VI · Governance 20 of 21 board members independent, no flags
Part VIII · Statement of revenue $30,085,604 across 10 lines filed
Part IX · Statement of functional expenses $43,690,104 across 14 lines filed
Part X · Balance sheet $155,333,150 assets, 16 lines filed
Part XI · Reconciliation of net assets $82,463,728 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
Similar organizations you could support · Compare with another nonprofit
Names, privacy, and removal requests More
The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.
Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.
We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.
Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.
If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.
Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.
If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.