2024-05-06T16:14:26-05:00 2023-06-30 042734675 DANIEL DENNIS AND COMPANY LLP 990 WASHINGTON STREET DEDHAM MA 02026 990 2022-07-01 223051402 COMMON CAPITAL INC COMM 4132331680 1780 MAIN STREET SPRINGFIELD MA 01103 RAYMOND LANZA-WEIL PRESIDENT 4132331687 2024-04-26 RAYMOND LANZA-WEIL XXX-XX-XXXX 1 MICHAEL DRISCOLL P01347837 6172629898 2024-04-26 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RAYMOND LANZA-WEIL 1780 MAIN STREET SPRINGFIELD MA 01103 1986861 0 X WWW.COMMON-CAPITAL.ORG X 1990 MA COMMON CAPITAL, INC. IS A NONPROFIT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION, CERTIFIED BY THE U.S. TREASURY DEPARTMENT, WORKING TO IMPROVE THE REGIONAL ECONOMY. 11 11 8 16 0 0 2781568 1485120 394544 499536 -305 2205 0 0 3175807 1986861 14750 0 0 0 569983 722057 0 0 0 518059 761340 1102792 1483397 2073015 503464 10407941 10983074 3656695 3728364 6751246 7254710 X 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. 0 0 1264194 499536 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. 1264194 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 68 0 1 8 1 0 0 0 0 0 0 0 0 0 0 X 11 11 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X X DEREK J MORRIS 4132331658 1780 MAIN STREET SPRINGFIELD MA 01103 JAMES HICKSON CHAIR 1.00 X X 0 0 0 LINDA DUNLAVY CLERK 1.00 X X 0 0 0 PASCALE DESIR ASSISTANT CLERK 1.00 40.00 X X 0 147745 10878 LEONARD UNDERWOOD DIRECTOR 1.00 X 0 0 0 JODI RATHBUN-BRIGGS DIRECTOR 1.00 X 0 0 0 RICHARD SULLIVAN DIRECTOR 1.00 X 0 0 0 TRENDA LOFTIN DIRECTOR 1.00 X 0 0 0 DIANE SMITH DIRECTOR 1.00 X 0 0 0 JAY LEONARD TREASURER 1.00 X X 0 0 0 KEITH FAIREY VICE CHAIR 1.00 40.00 X X 0 222645 15197 JONATHAN DAEN DIRECTOR 1.00 X 0 0 0 RAYMOND LANZA-WEIL CEO 37.50 X 127593 0 16109 127593 370390 42184 1 0 1 0 0 644584 840536 1485120 LOAN INTEREST INCOME 900099 466183 466183 LENDING AND PROGRAM FE 900099 33353 33353 499536 2205 2205 1986861 499536 0 2205 159329 114304 45025 471323 471323 41974 41974 49431 45953 3478 12799 12799 30455 2625 27830 101782 98414 3368 44218 44113 105 12137 5279 6858 31626 29259 2367 41713 37898 3815 17419 5087 12332 5719 5719 49511 49511 14684 14684 LOAN LOSS RESERVE ADJUS 300460 300460 OTHER EXPENSES 64078 18 64060 DUES AND FEES 34739 3292 31447 1483397 1264194 219203 0 4872119 3253316 190726 810019 5300649 6865804 68034 68034 0 0 30405 30405 14042 23530 10407941 10983074 124148 156549 169584 15000 20000 20000 3342963 3536815 3656695 3728364 X 6049127 6484508 702119 770202 6751246 7254710 10407941 10983074 503464 0 X X 0 1 X 1 1 1 X 670358 500814 1094054 2781568 1485120 6531914 670358 500814 1094054 2781568 1485120 6531914 6531914 2280 3488 -6334 -305 2205 1334 6533248 0.99980 0.99950 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 68034 68034 0 0 X 122433414 120446553 120446553 1986861 0 1986861 127029023 125545626 125545626 1483397 0 1483397 PART IV, LINE 2B: THE ORGANIZATION IS HOLDING $20,000 IN ESCROW AS A LOAN LOSS RESERVE ACCOUNT FOR CERTAIN QUALIFYING LOANS RECEIVABLE. PART X, LINE 2: COMMON CAPITAL, INC. EVALUATES TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN ITS TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. AT JUNE 30, 2023, COMMON CAPITAL, INC. BELIEVES THAT IT HAS NO UNCERTAIN TAX POSITIONS WITHIN ITS OPEN TAX RETURNS (FISCAL YEARS 2020-2022). PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE FROM CONSOLIDATED AFFILIATES 120,446,553. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM CONSOLIDATED AFFILIATES 125,545,626. 0 0 0 0 0 0 0 0 0 KEITH FAIREY VICE CHAIR 0 222645 0 0 0 0 0 0 0 15197 0 237842 0 0 PASCALE DESIR ASSISTANT CLERK 0 147745 0 0 0 0 0 0 0 10878 0 158623 0 0 FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING OFFICERS AND DIRECTORS ARE ALSO EMPLOYEES OF WAY FINDERS, INC.: KEITH FAIREY AND PASCALE DESIR. FORM 990, PART VI, SECTION A, LINE 6 WAY FINDERS, INC., A 501(C)(3) PUBLIC CHARITY, IS THE SOLE MEMBER OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A WAY FINDERS, INC., THE SOLE MEMBER, HAS THE POWER TO ELECT OR APPOINT ONE OR MORE MEMBERS TO THE ORGANIZATION'S GOVERNING BOARD FORM 990, PART VI, SECTION B, LINE 11B THE TREASURER OF THE BOARD OF DIRECTORS REVIEWS THE FORM 990 PRIOR TO FILING. A STANDING INVITATION IS GIVEN TO ALL OTHER BOARD MEMBERS TO REVIEW THE 990 IF THEY WOULD LIKE. THE TREASURER MAKES A PRESENTATION TO THE BOARD THAT HE HAS REVIEWED THE 990 AND THE BOARD VOTES TO ACCEPT THE 990 BASED ON HIS REVIEW. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS, STAF MEMBERS AND VOLUNTEERS ARE GIVEN A COPY OF THE CONFLICT OF INTEREST POLICY AT THE COMMENCEMENT OF THAT PERSON'S RELATIONSHIP WITH COMMON CAPITAL, INC. FULL DISCLOSURE IN WRITING IS REQUIRED TO BE MADE BY ALL INTERESTED PARTIES TO THE BOARD IN ALL CONFLICTS OF INTEREST. ANYONE WHO IS IN A POSITION TO MAKE DECISIONS ABOUT SPENDING COMMON CAPITAL, INC.'S RESOURCES AND WHO ALSO STAND TO BENEFIT FROM THAT DECISION HAS A DUTY TO DISCLOSE THAT INFORMATION AS SOON AS IT ARISES. FOLLOWING FULL DISCLOSURE, THE BOARD OF DIRECTORS DETERMINES WHETHER A CONFLICT OF INTEREST EXISTS. IF SO, THE BOARD VOTES TO AUTHORIZE OR REJECT THE TRANSACTION TO PROTECT COMMON CAPITAL, INC.'S BEST INTERESTS. FORM 990, PART VI, SECTION B, LINE 15A A REVIEW OF THE CHIEF EXECUTIVE OFFICER'S SALARY IS PERFORMED BY THE EXECUTIVE COMMITTEE OF THE BOARD. THE COMMITTEE USES THE INDEPENDENT SALARY COMPARIBILITY STUDY PREPARED BY OPPORTUNITY FINANCINE NETWORK. AN ANNUAL PERFORMANCE REVIEW IS CONDUCTED AND THE RESULTS AND THE DECISION ON THE SALARY AMOUNT ARE PRESENTED TO THE FULL BOARD OF DIRECTORS FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILBLE BY REQUEST TO DEREK J. MORRIS, CFO, WAY FINDERS, INC., 1780 MAIN STREET, SPRINGFIELD, MA 01103. FORM 990, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. WAY FINDERS INC 1780 MAIN STREET SPRINGFIELD MA 01103 AFFORDABLE HOUSING AND COMMUNITY DEVELOPMENT MA 501(C)(3) LINE 7 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 WAY FINDERS INC A 25472 INT PAYMENT BASED ON LOAN AGMT