Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 76-0651319

COMMONWEALTH MULTIFAMLY HOUSING CORPORATION

Tax-exempt · TEMPLE, TX 76504

Financials

$16.9M$21.2M2023$14.5M$19.2M2024
Revenue Expenses · by fiscal year end
Financials of COMMONWEALTH MULTIFAMLY HOUSING CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$14,451,584$19,244,991-$4,793,407$104,329,337$106,495,467-$2,166,130
December 31, 2023990$16,891,417$21,156,490-$4,265,073$109,994,773$108,883,693$1,111,080
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$14,053,908
Investment income
$85,840
Other revenue
$311,836

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$171,924
Travel
$61,344
Depreciation
$6,877,490
Program services (functional)
$18,943,894
Management and general (functional)
$301,097

Balance sheet and other

Total assets, start of year
$109,994,773
Total assets, end of year
$104,329,337
Total liabilities, end of year
$106,495,467
Net assets, end of year
-$2,166,130
Land, buildings and equipment
$91,909,481
Net assets without donor restrictions
-$2,166,130
Gross unrelated business income
$311,836
Gross receipts
$14,451,584
Employees
7
Volunteers
0
Year formed
2000
State of legal domicile
PA

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.

NameTitleHours / weekCompensation
JOHN A CARLISIPRESIDENT/TREASURER
Trustee or director, Officer
20.25$150,000
DAVID P COLEVICE PRESIDENT/SECRETARY
Trustee or director, Officer
20.25$150,000
PATRICIA RAINWATERDIRECTOR
Trustee or director
0.25$0
MARGARET MCFARLANDDIRECTOR
Trustee or director
0.25$0
JACQUE H WOODRINGDIRECTOR
Trustee or director
0.25$0
ASHLEY MARSHALLDIRECTOR
Trustee or director
0.25$0
ESTHER CHAVEZDIRECTOR
Trustee or director
0.25$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
JOHN A CARLISIPRESIDENT/TREASURER
Trustee or director, Officer
20.25$150,000
DAVID P COLEVICE PRESIDENT/SECRETARY
Trustee or director, Officer
20.25$150,000
PATRICIA RAINWATERDIRECTOR
Trustee or director
0.25$0
MARGARET MCFARLANDDIRECTOR
Trustee or director
0.25$0
JACQUE H WOODRINGDIRECTOR
Trustee or director
0.25$0
ASHLEY MARSHALLDIRECTOR
Trustee or director
0.25$0
ESTHER CHAVEZDIRECTOR
Trustee or director
0.25$0

Address and contacts

Address (IRS master file)
1610 S 31ST ST STE 200, TEMPLE, TX 76504-6726
In care of
% DAVID COLE
Principal officer (990 for 2024)
DAVID P COLE, 1610 S 31ST ST 201, TEMPLE, TX 76504
Signed the 990
DAVID P COLE, EXECUTIVE VICE PRESIDENT
Phone
(254) 774-7766
Return prepared by
NOVOGRADAC & COMPANY LLP

Mission

PROVIDE AFFORDABLE HOUSING FOR RELIEF OF POOR AND DISTRESSED.

990 for the year ended December 31, 2024

Program accomplishments

  • AFFORDABLE RENTS: THE ORGANIZATION HAS MAINTAINED ITS RENTS FOR 75% OR MORE OF THE RESIDENTIAL UNITS AT AT A LEVEL WHICH IS AFFORDABLE FOR RESIDENTS MAKING 80% OR LESS OF AREA MEDIAN INCOME (AMI) IN THE METROPOLITAN AREAS WHERE EACH OF ITS APARTMENT PROPERTIES ARE LOCATED.
    revenue $13,655,138
  • ENHANCED COMMUNITIES: THE ORGANIZATION PROVIDES LOW- AND VERY-LOW-INCOME RESIDENTS WITH AN AFFORDABLE, SAFE COMMUNITY ENHANCED BY SPECIALLY TRAINED AFFORDABLE HOUSING MANAGEMENT PROFESSIONALS WHO BRING NURTURING AND SUPPORTIVE ATTITUDES TO THE STAFF-RESIDENT RELATIONSHIP AND PROVIDE SERVICES WHICH GO FAR BEYOND SIMPLE LEASING, COLLECTION AND MAINTENANCE.
    Expenses $17,715,608 · revenue $484,610
  • CAPITAL IMPROVEMENTS: THE ORGANIZATION CONTINUES TO BE ENGAGED IN A PROGRAM OF CAPITAL IMPROVEMENTS DESIGNED TO MAINTAIN ITS PROPERTIES AS SAFE, SANITARY AND DESIRABLE COMMUNITIES WHILE RETAINING THEIR AFFORDABILITY.
    Expenses $1,228,286

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
76-0651319
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2001
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$104,329,337
Income (IRS master file)
$14,451,584

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$14,451,584$19,244,991$104,329,337XML
990December 2023$16,891,417$21,156,490$109,994,773XML
990December 2022$15,668,421$22,789,816$136,139,637IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 76-0651319).

Questions about COMMONWEALTH MULTIFAMLY HOUSING CORPORATION

What is the EIN of COMMONWEALTH MULTIFAMLY HOUSING CORPORATION?
The employer identification number (EIN) of COMMONWEALTH MULTIFAMLY HOUSING CORPORATION is 76-0651319.
Is COMMONWEALTH MULTIFAMLY HOUSING CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
Are donations to COMMONWEALTH MULTIFAMLY HOUSING CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does COMMONWEALTH MULTIFAMLY HOUSING CORPORATION 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 COMMONWEALTH MULTIFAMLY HOUSING CORPORATION 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 COMMONWEALTH MULTIFAMLY HOUSING CORPORATION 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 COMMONWEALTH MULTIFAMLY HOUSING CORPORATION?
The 990 for the year ended December 31, 2024 names DAVID P COLE.
Who are the officers and directors of COMMONWEALTH MULTIFAMLY HOUSING CORPORATION?
The 990 for the year ended December 31, 2024 lists 7 people; 2 received compensation from the organization, the highest $150,000 (JOHN A CARLISI, PRESIDENT/TREASURER).
How much revenue does COMMONWEALTH MULTIFAMLY HOUSING CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $14,451,584, expenses of $19,244,991 and total assets of $104,329,337 at year end.

Other nonprofits in TEMPLE

All nonprofits in TEMPLE · Texas · Housing and shelter