Focused on creating sustainable, permanantly affordable homes that build wealth in Meadville, PA.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
Run by 65 volunteers and 10 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $528K a year · 56% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
5 mo
of spending, in cash
Looks good: 4.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $52K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$779K
37% of total assets
Looks good: liabilities are 37% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 9 voting members
Concern: none of 9 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$725K
-38% vs prior year
Spent
$505K
To programs
74%
Net assets
$1.4M
By yearFY2021–FY2024
Revenue
$725K
FY2024▼ -38%
Tap a bar for its year
Revenue by fiscal year
FY2021$47K
FY2022$186K
FY2023$1.2M
FY2024$725K
Expenses
$505K
FY2024▲ +52%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022Not on file
FY2023$331K
FY2024$505K
Net assets
$1.4M
FY2024▲ +19%
Tap a bar for its year
Net assets by fiscal year
FY2021$128K
FY2022$295K
FY2023$1.1M
FY2024$1.4M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2017.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $376K Management & general 26% · $129K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Common Roots executive salaries →

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Builds permanently affordable homes to create wealth in Meadville.

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Provided by the organization

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3 programs · $376K · in their own filed words · FY2024
01

Common Roots operated 15 affordable rental units in 2024 and expanded a renting cooperative program that empowers low-income households to build financial assets and community ties by working together to care for and govern their homes. The first cooperative members moved into their new homes in July of 2023.

$144Kprogram expense
02

The organization is a community land trust dedicted to developing and stewarding sustainable, permanently affordable homes that build wealth and security for low-income households. Common Roots worked in a partnership with local government and other community institutions to acquire vacant and/or blighted properties and redevelop them as…

$119Kprogram expense
03

Common Roots engaged in workforce development and educational initiatives to community capacity to rehabilitate and care for homes. In 2023, the organization started working to launch a public benefit construction company dedicted to furthering the organization's mission while providing meaningful, well-paying jobs for low-income people…

$114Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$52K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$725K
Ln 12
Gifts and grantsLn 1h$633K
Fees for servicesLn 2g$90K
Investment incomeLn 3$2K
Money outPt IX
$505K
Ln 25
Programscol B$376K
Managementcol C$129K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$202K
Total assetsLn 16$2.1M
LiabilitiesLn 26$779K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$633K
Government grantsLn 1e$124K
Noncash giftsLn 1g$25K
Fees for servicesLn 2g$90K
Investment incomeLn 3$2K
Other incomeLn 4–11$290
Total revenueLn 12$725K
Assets in detailPt X, end of year
CashLn 1$202K
Cash and savings togetherLn 1–2$202K
Land, buildings, equipmentLn 10c$1.9M
Total assetsLn 16$2.1M
LiabilitiesLn 26$779K
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 510
VolunteersI 665
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$356K$202K
Land, buildings, equipmentLn 10c$1.1M$1.9M
Total assetsLn 16$1.5M$2.1M
LiabilitiesLn 26$333K$779K
Net assetsLn 32$1.1M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$167K$115K$52K
Payroll taxesLn 10$23K$16K$7K
Other fees for servicesLn 11g$3K$3K$561
Advertising and promotionLn 12$6K$2K$4K
Office expensesLn 13$4K$786$4K
Information technologyLn 14$4K$120$4K
OccupancyLn 16$63K$54K$8K
InterestLn 20$23K$18K$5K
Depreciation, depletion and amortizationLn 22$44K$43K$900
InsuranceLn 23$20K$14K$6K
Other expenses (24a–d)Ln 24$140K$105K$35K
All other expensesLn 24e$7K$4K$3K
Total functional expensesLn 25$505K$376K$129K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $725K$505K$220K$1.4M 990 PDF
FY2023 $1.2M$331K$836K$1.1M 990 PDF
FY2022 $186K$295K 990 PDF
FY2021 $47K$128K 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 M · Noncash O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $724,828 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,135,322$632,918
I-9 Program service revenuePrior year $30,900$89,607
I-10 Investment incomePrior year $130$2,013
I-11 Other revenuePrior year $1,106$290
I-12 Total revenuePrior year $1,167,458$724,828
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 $108,884$190,330
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $222,597$314,428
I-18 Total expensesPrior year $331,481$504,758
I-19 Revenue less expensesPrior year $835,977$220,070
Part VI · Governance 0 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members0
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $724,828 across 8 lines filed
VIII-1e Government grants$124,382
VIII-1f All other contributions, gifts and grants$508,536
VIII-1g Noncash contributions (included above)$25,218
VIII-1h Total contributions, gifts and grants$632,918
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $89,607$89,607
VIII-3 Investment incomeRelated to mission $2,013$2,013
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $290$290
VIII-12 Total revenueRelated to mission $91,910 · Unrelated business $0 · Excluded from tax $0$724,828
Part IX · Statement of functional expenses $504,758 across 12 lines filed
IX-7 Other salaries and wagesPrograms $115,456 · Management $51,872$167,328
IX-10 Payroll taxesPrograms $15,871 · Management $7,131$23,002
IX-11g Other fees for servicesPrograms $2,530 · Management $561$3,091
IX-12 Advertising and promotionPrograms $1,721 · Management $4,047$5,768
IX-13 Office expensesPrograms $786 · Management $3,657$4,443
IX-14 Information technologyPrograms $120 · Management $3,854$3,974
IX-16 OccupancyPrograms $54,394 · Management $8,185$62,579
IX-20 InterestPrograms $18,105 · Management $4,562$22,667
IX-22 Depreciation, depletion and amortizationPrograms $43,493 · Management $900$44,393
IX-23 InsurancePrograms $14,410 · Management $5,945$20,355
IX-24 Other expenses (24a–d)Programs $105,363 · Management $35,060$140,423
IX-24e All other expensesPrograms $3,787 · Management $2,948$6,735
IX-25 Total functional expensesPrograms $376,036 · Management $128,722 · Fundraising $0$504,758
Part X · Balance sheet $2,130,074 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $356,188$202,400
X-10c Land, buildings and equipment, netStart of year $1,107,354$1,927,674
X-16 Total assetsStart of year $1,463,542$2,130,074
X-17 Accounts payable and accrued expensesStart of year $19,848$4,828
X-19 Deferred revenue$100,000
X-24 Unsecured notes and loans payableStart of year $12,000$12,000
X-26 Total liabilitiesStart of year $332,723$779,185
X-27 Net assets without donor restrictionsStart of year $1,043,180$1,350,889
X-28 Net assets with donor restrictionsStart of year $87,639$0
X-32 Total net assets or fund balancesStart of year $1,130,819$1,350,889
X-33 Total liabilities and net assetsStart of year $1,463,542$2,130,074
Part XI · Reconciliation of net assets $1,350,889 net assets at year end
XI-1 Total revenue$724,828
XI-2 Total expenses$504,758
XI-3 Revenue less expenses$220,070
XI-4 Net assets at start of year$1,130,819
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,350,889

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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