Nonprofit · EIN 41-1260469
COMMONBOND COMMUNITIES
Tax-exempt · ST PAUL, MN 55116
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $48,906,055 | $34,063,024 | $14,843,031 | $204,100,189 | $69,575,969 | $134,524,220 |
| December 31, 2024 | 990 | $52,378,170 | $38,037,828 | $14,340,342 | $212,412,152 | $104,728,647 | $107,683,505 |
| December 31, 2023 | 990 | $30,085,604 | $43,690,104 | -$13,604,500 | $155,333,150 | $72,869,422 | $82,463,728 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $19,366,433
- of which government grants
- $9,267,571
- Program service revenue
- $19,040,290
- Investment income
- $7,742,226
- Net gain from sales of assets
- $7,497,992
- Other revenue
- $2,757,106
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $700,050
- Other salaries and wages
- $7,223,226
- Salaries, compensation and benefits (total)
- $9,310,515
- Professional fundraising fees
- $0
- Occupancy
- $92,771
- Travel
- $103,398
- Depreciation
- $3,171,590
- Program services (functional)
- $29,887,545
- Management and general (functional)
- $2,552,610
- Fundraising (functional)
- $1,622,869
Balance sheet and other
- Total assets, start of year
- $212,412,152
- Total assets, end of year
- $204,100,189
- Total liabilities, end of year
- $69,575,969
- Net assets, end of year
- $134,524,220
- Land, buildings and equipment
- $56,637,675
- Net assets without donor restrictions
- $115,020,669
- Net assets with donor restrictions
- $19,503,551
- Gross unrelated business income
- $383,704
- Gross receipts
- $57,355,240
- Employees
- 147
- Volunteers
- 456
- Year formed
- 1971
- State of legal domicile
- MN
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DEIDRE SCHMIDT | PRESIDENT & CEO Trustee or director, Officer | 40 | $298,332 | $0 | $22,445 |
| THOMAS ADAMS | EXECUTIVE VP OF HOUSING SERVICES Highest-paid employee | 1 | $0 | $237,179 | $26,413 |
| JENNIFER ANDERSON | CHEIF FINANCIAL OFFICER Officer | 1 | $95,290 | $129,790 | $18,164 |
| KAREN LAW | EXECUTIVE VP OF TALENT EQUITY, CULTURE Highest-paid employee | 1 | $72,708 | $115,409 | $14,347 |
| HEIDI RATHMANN | INTERIM VP OF A&D Highest-paid employee | 1 | $187,225 | $0 | $8,210 |
| TASHA ALEXANDER | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CINDY KOCH | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BARB TRETHEWAY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MOHAMED OMAR | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JAMAL ADAM | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ADAM BERNIER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NICOLE BROOKSHIRE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHAELA CLUBB | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BILL CUMMINGS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JENNIFER THAO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAURA LIU | DIRECTOR Trustee or director | 1 | $0 |
| VALERIEVAL SPENCER | DIRECTOR Trustee or director | 1 | $0 |
| JACKIE TURNER | DIRECTOR Trustee or director | 1 | $0 |
| JOCELYN WHITFIELD | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 25 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DEIDRE SCHMIDT | PRESIDENT & CEO Trustee or director, Officer | 40 | $297,141 | $0 | $21,254 |
| THOMAS ADAMS | EXECUTIVE VP OF HOUSING SERVICES Highest-paid employee | 1 | $0 | $201,976 | $23,297 |
| KAREN LAW | EXECUTIVE VP OF TALENT EQUITY, CULTURE Highest-paid employee | 1 | $0 | $188,250 | $13,683 |
| HEIDI RATHMANN | INTERIM VP OF A&D Highest-paid employee | 1 | $171,322 | $0 | $10,079 |
| ANGELA RILEY | EVP OF RISK MANAGEMENT Officer | 1 | $0 | $158,971 | $15,031 |
| JENNIFER ANDERSON | INTERIM CFO Officer | 1 | $0 | $91,315 | $6,194 |
| BARB TRETHEWAY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CINDY KOCH | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MATT SCHRINER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JAMAL ADAM | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| WADE C LAU | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TASHA ALEXANDER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| EVA STEVENS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NICOLE BROOKSHIRE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ADAM BERNIER | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| R PARTICIA TRISH KELLY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MEGAN REMARK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SITA MORANTZ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| VALERIE SPENCER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JENNIFER THAO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SHAILJA AMBROSE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| FATIMA MOORE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MOHAMED OMAR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARK RUNKEL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JACKIE TURNER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 27 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DEIDRE SCHMIDT | PRESIDENT & CEO Trustee or director, Officer | 40 | $297,474 | $0 | $21,914 |
| THOMAS ADAMS | EXECUTIVE VP OF HOUSING SERVICE Highest-paid employee | 1 | $0 | $202,488 | $18,918 |
| ANGELA RILEY | CFO & VP-ADMIN Officer | 1 | $0 | $195,428 | $18,845 |
| CECILE BEDOR | EXECUTIVE VP OF REAL ESTATE Highest-paid employee | 1 | $0 | $195,469 | $13,968 |
| MICHAEL LANG | CHIEF INFORMATION OFFICER Highest-paid employee | 1 | $0 | $178,577 | $22,549 |
| KAREN LAW | EXECUTIVE VP OF TALENT EQ, AND CULTURE Highest-paid employee | 1 | $0 | $182,224 | $13,414 |
| TERESA HARRINGTON | HR DIRECTOR/CHIEF DIVERSITY OFFICER Highest-paid employee | 1 | $0 | $144,505 | $21,620 |
| BARB TRETHEWAY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CINDY KOCH | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MATT SCHRINER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JAMAL ADAM | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| WADE C LAU | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TASHA ALEXANDER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| EVA STEVENS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NICOLE BROOKSHIRE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ADAM BERNIER | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| R PARTICIA TRISH KELLY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MEGAN REMARK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SITA MORANTZ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| VALERIE SPENCER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JENNIFER THAO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SHAILJA AMBROSE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| FATIMA MOORE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MOHAMED OMAR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARK RUNKEL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JACKIE TURNER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SEAN RICE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1080 MONTREAL AVE, ST PAUL, MN 55116-2694
- In care of
- % PAYROLL /JOY RANFT
- Principal officer (990 for 2025)
- JENNIFER ANDERSON, 1080 MONTREAL AVENUE, SAINT PAUL, MN 55116
- Signed the 990
- JENNIFER ANDERSON, CHEIF FINANICAL OFFICER
- Phone
- (651) 291-1750
- Website
- WWW.COMMONBOND.ORG
- Return prepared by
- MAHONEY ULBRICH CHRISTIANSEN & RUSS PA
Mission
COMMONBOND'S MISSION IS TO BUILD STABLE HOMES, STRONG FUTURES AND VIBRANT COMMUNITIES. AS THE LARGEST NONPROFIT PROVIDER OF AFFORDABLE HOMES IN THE UPPER MIDWEST, COMMONBOND HAS BEEN BUILDING AND SUSTAINING HOMES WITH SERVICES TO FAMILIES, SENIORS, AND INDIVIDUALS WITH DISABILITIES SINCE 1971. COMMONBOND COMBINES AFFORDABLE HOUSING WITH ADVANTAGE SERVICES WITH THE GOAL OF HELPING ACHIEVE STABILITY, ADVANCEMENT, AND INDEPENDENCE.
Program accomplishments
- COMMONBOND PRIORITIZES DESIGNING AND DELIVERING SERVICES IN PARTNERSHIP WITH RESIDENTS. THE APPROACH IS GROUNDED IN LISTENING, INFORMED BY LIVED EXPERIENCE, AND SHAPED AROUND RESIDENTS' PRIORITIES WITH A FOCUS ON HOUSING STABILITY AND EVICTION PREVENTION. STAFF OFFER A CONTINUUM OF SUPPORT FROM SERVICE COORDINATION TO COMPREHENSIVE HOUSING CASE MANAGEMENT FOR LOW-INCOME RESIDENTS LIVING IN COMMONBOND COMMUNITIES. ADVANTAGE SERVICES ARE FOCUSED ON STABILITY AND INDEPENDENCE; EDUCATION AND ADVANCEMENT; HEALTH AND WELLNESS; AND COMMUNITY-BUILDING AND ENGAGEMENT. IN 2025, ADVANTAGE SERVICES DIRECTLY SERVED 6,560 COMMONBOND RESIDENTS.SEE SCHEDULE O FOR MORE INFO ON ADVANTAGE SERVICES' ACCOMPLISHMENTS.STABILITY AND INDEPENDENCE: COMMONBOND STAFF PROVIDE SUPPORT TO HELP RESIDENTS MAINTAIN STABLE HOUSING, CREATING A PLATFORM FOR RESIDENTS TO FEEL SECURE, REDUCE STRESS, AND FOCUS ON WHAT MATTERS MOST. STAFF WORK WITH RESIDENTS TO REMOVE BARRIERS TO OTHER SERVICES INCLUDING FOOD ACCESS, HEALTH CARE AND/OR MENTAL HEALTHCARE ACCESS, CHILDCARE, INCOME SUPPORTS, ETC. IN 2025, 79% OF HOUSING EXITS WERE POSITIVE OR NEUTRAL AND 82% OF RESIDENTS MAINTAINED STABLE HOUSING WITH COMMONBOND FOR 12+ MONTHS. EDUCATION AND ADVANCEMENT: STAFF WORK WITH ADULTS AND YOUNG PEOPLE TO PROVIDE LEARNING, TRAINING, AND GOAL PLANNING THAT HELP THEM BUILD CONFIDENCE AND TAKE STEPS TOWARD THE FUTURE THEY WANT. THIS INCLUDES HELPING RESIDENTS MAINTAIN STABLE HOUSING THROUGH EMPLOYMENT SERVICES, FINANCIAL COACHING AND COUNSELING, AND MAXIMIZING INCOME SUPPORTS. IN 2025, 1,343 ADULT RESIDENTS RECEIVED EMPLOYMENT AND/OR FINANCIAL SERVICES. YOUTH AND TEEN PROGRAMS PROVIDE ACADEMIC SUPPORT, SOCIAL-EMOTIONAL LEARNING, MENTORSHIP, LEADERSHIP, AND POST-SECONDARY SUPPORT FOR YOUTH RESIDENTS IN GRADES K-12. IN 2025, THESE PROGRAMS SERVED 230 YOUTH AND TEENS. 85% OF ELEMENTARY-AGED STUDENTS IMPROVED THEIR READING LEVELS THROUGH OUR STUDY BUDDIES PROGRAM, AND 93% OF TEENS ENGAGED IN FUTURE PLANNING.HEALTH AND WELLNESS: OLDER ADULTS AND RESIDENTS WITH DISABILITIES BENEFIT FROM EVIDENCE-BASED PROGRAMS THAT SUPPORT THEIR PHYSICAL AND MENTAL HEALTH, BUILDING STRENGTH, CONFIDENCE, AND INDEPENDENCE. IN 2025, 724 OLDER ADULTS PARTICIPATED IN HEALTH AND WELLNESS PROGRAMS, AND 91% OF EXERCISE CLASS PARTICIPANTS MAINTAINED OR IMPROVED THEIR STRENGTH AND COORDINATION. COMMUNITY-BUILDING AND ENGAGEMENT: STAFF HELP FOSTER MEANINGFUL RELATIONSHIPS AND SHARED EXPERIENCES THAT CREATE BELONGING AND STRENGTHEN COMMUNITIES FOR EVERYONE. RESIDENT-DRIVEN COMMUNITY EVENTS SUCH AS WALKING GROUPS, COMMUNITY GARDENING, CULTURAL CELEBRATIONS, AND INTER-GENERATIONAL EVENTS SUPPORT RESIDENTS IN BUILDING THESE CONNECTIONS THAT HELP THEM MAINTAIN STABLE HOUSING. IN 2025, 3,626 RESIDENTS PARTICIPATED IN COMMUNITY-BUILDING ACTIVITIES.Expenses $6,680,245 · revenue $1,331,163
- HOUSING DEVELOPMENT, PROPERTY MANAGEMENT AND ASSET MANAGEMENT: SINCE 1971, COMMONBOND COMMUNITIES HAS BEEN PROVIDING HOMES AND HOPE FOR THOSE MOST IN NEED IN OUR COMMUNITY. AS A PREMIER NONPROFIT DEVELOPER AND OWNER OF AFFORDABLE HOUSING, COMMONBOND IS BEST POSITIONED TO ADDRESS THE CRITICAL NEED FOR MORE AFFORDABLE HOUSING IN OUR REGION. IN ORDER TO SUPPORT OVER 13,000 PEOPLE A YEAR, COMMONBOND HAS BEEN ACTIVELY MANAGING ITS REAL ESTATE DEVELOPMENT PIPELINE, DEVELOPING FINANCING TOOLS INTERNALLY AND WITH STAKEHOLDERS, AND SUPPORTING ITS EXISTING PORTFOLIO FOR CURRENT AND UPCOMING NEEDS.SEE SCHEDULE O FOR MORE INFO ON HOUSING DEVELOPMENT, PROPERTY MANAGEMENT, AND ASSET MANAGEMENT'S ACCOMPLISHMENTS.DURING 2025, COMMONBOND PROVIDED 7,000 UNITS OF AFFORDABLE HOUSING THROUGHOUT 60 CITIES IN FOUR STATES, HOUSING OVER 13,000 RESIDENTS, INCLUDING FAMILIES, YOUTH, SENIORS, VETERANS, AND PEOPLE WITH DISABILITIES AND OTHER BARRIERS TO STABILITY.Expenses $23,076,738 · revenue $20,082,529
- COMMUNITY ENGAGEMENT: INTEGRAL TO OUR WORK ARE THE RELATIONSHIPS THAT ARE FORMED TO BENEFIT OUR RESIDENT COMMUNITY AND OUR HOUSING COMMUNITIES IN GENERAL. COMMUNITY MEMBERS WORK HAND-IN-HAND WITH STAFF AND RESIDENTS AT OUR HOUSING COMMUNITIES. HUNDREDS OF RESIDENTS, CRITICAL SERVICE PROVIDERS, LOCAL BUSINESS OWNERS, MUNICIPALITIES, COMMUNITY GROUPS, FAITH COMMUNITIES, AND OTHER NEIGHBORHOOD ORGANIZATIONS SERVE ON BOARDS AND COMMITTEES TO HELP FOSTER UNDERSTANDING AND SUPPORT THE HOUSING COMMUNITIES AND THE PEOPLE WHO LIVE THERE. THIS MODEL PROMOTES RESIDENT LEADERSHIP AND HELPS BREAK DOWN BARRIERS THAT SOMETIMES ARISE BETWEEN AN AFFORDABLE HOUSING SITE AND ITS SURROUNDING NEIGHBORHOOD.Expenses $130,562
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 | 990 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
- 41-1260469
- 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
- 1976
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $204,100,189
- Income (IRS master file)
- $57,355,240
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $48,906,055 | $34,063,024 | $204,100,189 | XML |
| 990-T | December 2025 | – | – | – | IRS |
| 990 | December 2024 | $52,378,170 | $38,037,828 | $212,412,152 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $30,085,604 | $43,690,104 | $155,333,150 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $26,682,469 | $22,407,633 | $167,271,935 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 41-1260469).
Questions about COMMONBOND COMMUNITIES
- What is the EIN of COMMONBOND COMMUNITIES?
- The employer identification number (EIN) of COMMONBOND COMMUNITIES is 41-1260469.
- Is COMMONBOND COMMUNITIES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1976.
- Are donations to COMMONBOND COMMUNITIES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMMONBOND COMMUNITIES 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 COMMONBOND COMMUNITIES due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COMMONBOND COMMUNITIES last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of COMMONBOND COMMUNITIES?
- The 990 for the year ended December 31, 2025 names JENNIFER ANDERSON.
- Who are the officers and directors of COMMONBOND COMMUNITIES?
- The 990 for the year ended December 31, 2025 lists 19 people; 4 received compensation from the organization, the highest $298,332 (DEIDRE SCHMIDT, PRESIDENT & CEO).
- How much revenue does COMMONBOND COMMUNITIES have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $48,906,055, expenses of $34,063,024 and total assets of $204,100,189 at year end.
Other nonprofits in ST PAUL
- UNIVERSITY OF ST THOMAS EIN 41-0693970 · last filed 990 for 2025
- THE TRAVELERS COMPANIES INC EIN 41-1336475 · last filed 990 for 2025
- AMHERST H WILDER FOUNDATION EIN 41-0693889 · last filed 990 for 2025
- BUSH FOUNDATION EIN 41-6017815 · last filed 990-PF for 2024
- 3M EMPLOYEES WELFARE BENEFITS ASSOCIATION TRUST I EIN 41-1294448 · last filed 990 for 2024
- GREATER MINNESOTA HOUSING FUND EIN 41-1836919 · last filed 990 for 2024
- COMMUNITY ACTION PARTNERSHIP OF RAMSEY AND WASHINGTON COUNTIES EIN 41-0883443 · last filed 990 for 2025
- TRAVELERS FOUNDATION EIN 41-1924256 · last filed 990-PF for 2025