Nonprofit · EIN 34-1517533
COMMON WEALTH INC
Tax-exempt · YOUNGSTOWN, OH 44505
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $208,039 | $503,596 | -$295,557 | $9,910,672 | $296,427 | $9,614,245 |
| December 31, 2023 | 990 | $729,959 | $556,367 | $173,592 | $10,124,663 | $214,861 | $9,909,802 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $100
- Program service revenue
- $175,584
- Investment income
- $13,141
- Net rental income
- $19,214
- Other revenue
- $19,214
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $56,300
- Other salaries and wages
- $111,329
- Salaries, compensation and benefits (total)
- $183,456
- Professional fundraising fees
- $0
- Occupancy
- $102,799
- Depreciation
- $89,909
- Program services (functional)
- $456,415
- Management and general (functional)
- $46,564
- Fundraising (functional)
- $617
Balance sheet and other
- Total assets, start of year
- $10,124,663
- Total assets, end of year
- $9,910,672
- Total liabilities, end of year
- $296,427
- Net assets, end of year
- $9,614,245
- Land, buildings and equipment
- $825,765
- Net assets without donor restrictions
- $9,614,245
- Gross receipts
- $274,154
- Employees
- 6
- Volunteers
- 12
- Year formed
- 1986
- State of legal domicile
- OH
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PAT ROSENTHAL | EXECUTIVE DIRECTOR Officer | 40 | $32,304 | $2,394 |
| JAMES CONVERSE | SECRETARY Trustee or director, Officer | 15 | $23,995 | $0 |
| DIANNE BOWMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JONATHAN BLACKSHIRE | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| FRANK KRIECH | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| BRIAN CORBIN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| ERIC JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PAT ROSENTHAL | EXECUTIVE DIRECTOR Officer | 40 | $31,062 | $2,394 |
| JAMES CONVERSE | SECRETARY Trustee or director, Officer | 15 | $23,995 | $0 |
| DIANN BOWOMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JONATHAN BLACKSHIRE | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| FRANK KRIECH | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| BRIAN CORBIN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| ERIC JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1221 ELM ST, YOUNGSTOWN, OH 44505-2849
- Principal officer (990 for 2024)
- PAT ROSENTHAL, 1221 ELM STREET, YOUNGSTOWN, OH 44505
- Signed the 990
- PAT ROSENTHAL, EXECUTIVE DIRECTOR
- Phone
- (330) 744-2667
- Return prepared by
- HILL BARTH & KING LLC
Mission
ORGANIZED TO PROVIDE EDUCATION.
Program accomplishments
- PROVIDE EDUCATION, TECHNICAL ASSISTANCE, AND ORGANIZATIONAL DEVELOPMENT ASSISTANCE TO LOW INCOME INDIVIDUALS AND GROUPS TO SOLVE PROBLEMS OF POVERTY AND TO HELP JOB AND HOUSING CREATION IN AN EFFORT TO PROVIDE DECENT HOUSING THAT IS AFFORDABLE TO LOW AND MODERATE INCOME PEOPLE; TO SUPPORT EFFORTS FOR LOW INCOME HOUSING DEVELOPMENT AND PARTICULARLY LAND TRUSTS, GRASS-ROOTS COMMUNITY-BASED EFFORTS, JOBS, AND BUSINESS DEVELOPMENT. MANAGEMENT OF PARTNERSHIPS THAT PROVIDE LOW INCOME HOUSING DEVELOPMENT.Expenses $456,415 · revenue $175,584
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 34-1517533
- 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
- 1987
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30B)
- Assets (IRS master file)
- $9,910,672
- Income (IRS master file)
- $274,154
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $208,039 | $503,596 | $9,910,672 | XML |
| 990 | December 2023 | $729,959 | $556,367 | $10,124,663 | XML |
| 990 | December 2022 | $969,736 | $526,438 | $9,960,606 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 34-1517533).
Questions about COMMON WEALTH INC
- What is the EIN of COMMON WEALTH INC?
- The employer identification number (EIN) of COMMON WEALTH INC is 34-1517533.
- Is COMMON WEALTH INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to COMMON WEALTH INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMMON WEALTH 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 WEALTH INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COMMON WEALTH INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of COMMON WEALTH INC?
- The 990 for the year ended December 31, 2024 names PAT ROSENTHAL.
- Who are the officers and directors of COMMON WEALTH INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 2 received compensation from the organization, the highest $32,304 (PAT ROSENTHAL, EXECUTIVE DIRECTOR).
- How much revenue does COMMON WEALTH INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $208,039, expenses of $503,596 and total assets of $9,910,672 at year end.
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