One Commonwealth INC FY2024 filing

Dedham, MAUnknown exempt organizationSince 2024EIN 99-2551833

To promote social welfare and the common good and general welfare of the community in particular with respect towards policies and initiatives for a more affordable Commonwealth with respect to housing

82¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
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
1 of 2
filings with a surplus
Average surplus $27K a year · 3% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$748K
Spent
$578K
To programs
82%
Net assets
$170K
By yearFY2024–FY2025
Revenue
$748K
FY2024
Revenue by fiscal year
FY2024$748K
FY2025$814K
Expenses
$578K
FY2024
Expenses by fiscal year
FY2024$578K
FY2025$930K
Net assets
$170K
FY2024
Net assets by fiscal year
FY2024$170K
FY2025$54K

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $473K Management & general 8% · $49K Fundraising 10% · $56K

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

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See One Commonwealth INC 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

Advocates for affordable housing policies and initiatives to improve community welfare.

Provided by the organization

This section is blank until One Commonwealth INC claims this page.

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1 program service account for $473K of program spending, described in the organization's own filed words · FY2024.
01

Canvassing households advertising and polling

$473Kprogram expense

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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
Total grants receivedfrom 1 funder$5K
Grants paid · 1 grant · $10K · 2024–2024
Yes for NeedhamFY2024$10,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$748K
Ln 12
Gifts and grantsLn 1h$748K
Money outPt IX
$578K
Ln 25
Programscol B$473K
Managementcol C$49K
Fundraisingcol D$56K
Owns and owesPt X
$170K
net assets · Ln 32
Cash and savingsLn 1–2$170K
Total assetsLn 16$170K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$748K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Total revenueLn 12$748K
Assets in detailPt X, end of year
CashLn 1$170K
SavingsLn 2$0
Cash and savings togetherLn 1–2$170K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$170K
LiabilitiesLn 26$0
Net assetsLn 32$170K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6150
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
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$0$170K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$0$170K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$170K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$10K$10K
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Management feesLn 11a$90K$75K$15K$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$21K$7K$7K$7K
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$44K$44K
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$244K$244K$0$0
Advertising and promotionLn 12$137K$137K$0$0
Office expensesLn 13$2K$0$2K$0
Information technologyLn 14$25K$0$25K$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$0$0$0$0
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$5K$0$0$5K
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$0$0$0$0
Total functional expensesLn 25$578K$473K$49K$56K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $814K$930K−$117K$54K 990 PDF
FY2024 Viewing $748K$578K$170K$170K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $748,000 across 13 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$748,000
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$748,000
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$748,000
Part IX · Statement of functional expenses $577,550 across 22 lines filed
IX-1 Grants to domestic organizationsPrograms $10,000$10,000
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-11a Management feesPrograms $75,000 · Management $15,000 · Fundraising $0$90,000
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $7,000 · Management $7,000 · Fundraising $7,000$21,000
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $44,000$44,000
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $244,000 · Management $0 · Fundraising $0$244,000
IX-12 Advertising and promotionPrograms $137,000 · Management $0 · Fundraising $0$137,000
IX-13 Office expensesPrograms $0 · Management $1,885 · Fundraising $0$1,885
IX-14 Information technologyPrograms $0 · Management $24,945 · Fundraising $0$24,945
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$0
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $4,720$4,720
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $473,000 · Management $48,830 · Fundraising $55,720$577,550
Part X · Balance sheet $170,450 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $0$170,450
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $0$170,450
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $0$170,450
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $0$170,450
X-33 Total liabilities and net assetsStart of year $0$170,450
Part XI · Reconciliation of net assets $170,450 net assets at year end
XI-1 Total revenue$748,000
XI-2 Total expenses$577,550
XI-3 Revenue less expenses$170,450
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$170,450

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

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