Nonprofit · EIN 22-3051402
COMMON CAPITAL INC
Also known as RAYMOND LANZA-WEIL
Tax-exempt · SPRINGFIELD, MA 01103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,768,948 | $1,797,966 | -$29,018 | $11,930,932 | $5,160,949 | $6,769,983 |
| June 30, 2024 | 990 | $1,109,925 | $1,565,634 | -$455,709 | $11,059,939 | $4,260,938 | $6,799,001 |
| June 30, 2023 | 990 | $1,986,861 | $1,483,397 | $503,464 | $10,983,074 | $3,728,364 | $7,254,710 |
| June 30, 2022 | 990 | $3,175,807 | $1,102,792 | $2,073,015 | $10,407,941 | $3,656,695 | $6,751,246 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $838,111
- of which government grants
- $329,634
- Program service revenue
- $926,901
- Investment income
- $3,936
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $192,444
- Other salaries and wages
- $534,969
- Salaries, compensation and benefits (total)
- $897,033
- Professional fundraising fees
- $0
- Legal fees
- $20,619
- Accounting fees
- $6,314
- Occupancy
- $51,399
- Travel
- $17,016
- Depreciation
- $11,526
- Program services (functional)
- $1,544,465
- Management and general (functional)
- $253,501
Balance sheet and other
- Total assets, start of year
- $11,059,939
- Total assets, end of year
- $11,930,932
- Total liabilities, end of year
- $5,160,949
- Net assets, end of year
- $6,769,983
- Land, buildings and equipment
- $47,743
- Net assets without donor restrictions
- $6,741,872
- Net assets with donor restrictions
- $28,111
- Gross receipts
- $1,768,948
- Employees
- 9
- Volunteers
- 17
- Year formed
- 1990
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KEITH FAIREY | VICE CHAIR Trustee or director, Officer | 1 | $0 | $234,175 | $27,576 |
| PASCALE DESIR | ASSISTANT CLERK Trustee or director, Officer | 1 | $0 | $163,578 | $10,757 |
| RAYMOND LANZA-WEIL | CEO Officer | 37.5 | $150,051 | $0 | $17,576 |
| JAMES HICKSON | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LINDA DUNLAVY | CLERK Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LEONARD UNDERWOOD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JODI RATHBUN-BRIGGS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RICHARD SULLIVAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DIANE SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JAY LEONARD | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JONATHAN DAEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KEITH FAIREY | VICE CHAIR Trustee or director, Officer | 1 | $0 | $226,569 | $22,838 |
| PASCALE DESIR | ASSISTANT CLERK Trustee or director, Officer | 1 | $0 | $149,645 | $7,880 |
| RAYMOND LANZA-WEIL | CEO Officer | 37.5 | $142,632 | $0 | $14,419 |
| JAMES HICKSON | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LINDA DUNLAVY | CLERK Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LEONARD UNDERWOOD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JODI RATHBUN-BRIGGS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RICHARD SULLIVAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TRENDA LOFTIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DIANE SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JAY LEONARD | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JONATHAN DAEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KEITH FAIREY | VICE CHAIR Trustee or director, Officer | 1 | $0 | $222,645 | $15,197 |
| PASCALE DESIR | ASSISTANT CLERK Trustee or director, Officer | 1 | $0 | $147,745 | $10,878 |
| RAYMOND LANZA-WEIL | CEO Officer | 37.5 | $127,593 | $0 | $16,109 |
| JAMES HICKSON | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LINDA DUNLAVY | CLERK Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LEONARD UNDERWOOD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JODI RATHBUN-BRIGGS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RICHARD SULLIVAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TRENDA LOFTIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DIANE SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JAY LEONARD | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JONATHAN DAEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2022: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KEITH FAIREY | VICE CHAIR Trustee or director, Officer | 1 | $0 | $218,619 | $16,405 |
| PASCALE DESIR | ASSISTANT CLERK Trustee or director, Officer | 1 | $0 | $145,078 | $10,112 |
| RAYMOND LANZA-WEIL | CEO Officer | 37.5 | $47,834 | $78,462 | $16,095 |
| JAMES HICKSON | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LINDA DUNLAVY | CLERK Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LEONARD UNDERWOOD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JODI RATHBUN-BRIGGS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RICHARD SULLIVAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TRENDA LOFTIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SARAH LA COUR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JAY LEONARD | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JONATHAN DAEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1780 MAIN ST, SPRINGFIELD, MA 01103-1000
- In care of
- % CHRIS SIKES
- Principal officer (990 for 2024)
- RAYMOND LANZA-WEIL, 1780 MAIN STREET, SPRINGFIELD, MA 01103
- Signed the 990
- RAYMOND LANZA-WEIL, PRESIDENT
- Phone
- (413) 233-1680
- Website
- WWW.COMMON-CAPITAL.ORG
- Return prepared by
- DANIEL DENNIS AND COMPANY LLP
Mission
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.
Program accomplishments
- 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.Expenses $1,544,465 · revenue $926,901
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 22-3051402
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1990
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S430)
- Assets (IRS master file)
- $11,930,932
- Income (IRS master file)
- $1,768,948
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,768,948 | $1,797,966 | $11,930,932 | IRS |
| 990 | June 2024 | $1,109,925 | $1,565,634 | $11,059,939 | IRS |
| 990 | June 2023 | $1,986,861 | $1,483,397 | $10,983,074 | XML |
| 990 | June 2022 | $3,175,807 | $1,102,792 | $10,407,941 | XML |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-3051402).
Questions about COMMON CAPITAL INC
- What is the EIN of COMMON CAPITAL INC?
- The employer identification number (EIN) of COMMON CAPITAL INC is 22-3051402.
- Is COMMON CAPITAL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to COMMON CAPITAL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMMON CAPITAL INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COMMON CAPITAL INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COMMON CAPITAL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of COMMON CAPITAL INC?
- The 990 for the year ended June 30, 2025 names RAYMOND LANZA-WEIL.
- Who are the officers and directors of COMMON CAPITAL INC?
- The 990 for the year ended June 30, 2025 lists 11 people; 1 received compensation from the organization.
- How much revenue does COMMON CAPITAL INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,768,948, expenses of $1,797,966 and total assets of $11,930,932 at year end.
Other nonprofits in SPRINGFIELD
- LOOMIS SENIOR LIVING INC EIN 04-3314106 · last filed 990 for 2024
- SPIRIT OF SPRINGFIELD INC EIN 22-3036584 · last filed 990 for 2025
- AMERIPEN EIN 27-4010795 · last filed 990 for 2024
- SPRINGFIELD BUSINESS IMPROVEMENT DISTRICT INC EIN 04-3428312 · last filed 990 for 2025
- EDC 413WORKS INC EIN 86-1491313 · last filed 990 for 2024
- LATINO ECONOMIC DEVELOPMENT CORPORATION INC EIN 88-1698006 · last filed 990 for 2025
- DEVELOPSPRINGFIELD CORPORATION EIN 26-3862976 · last filed 990 for 2025
- PAPER RECEIPTS CONVERTING ASSOCIATION EIN 84-2239392 · last filed 990 for 2025
All nonprofits in SPRINGFIELD · Massachusetts · Community improvement and capacity building