Nonprofit · EIN 99-0862874
THE COMMONS FOUNDATION
Tax-exempt · L COMPTON, RI 02837
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,527,078 | $69,550 | $1,457,528 | $2,885,025 | $10,402 | $2,874,623 |
| December 31, 2024 | 990 | $1,478,653 | $61,311 | $1,417,342 | $1,415,105 | $0 | $1,415,105 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,482,047
- Program service revenue
- $0
- Investment income
- $45,031
- Net gain from sales of assets
- -$827
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $19,134
- Program services (functional)
- $23,410
- Management and general (functional)
- $39,577
- Fundraising (functional)
- $6,563
Balance sheet and other
- Total assets, start of year
- $1,415,105
- Total assets, end of year
- $2,885,025
- Total liabilities, end of year
- $10,402
- Net assets, end of year
- $2,874,623
- Publicly traded securities
- $2,589
- Net assets without donor restrictions
- $1,664,533
- Net assets with donor restrictions
- $1,210,090
- Gross receipts
- $2,037,143
- Employees
- 0
- Volunteers
- 10
- Year formed
- 2024
- State of legal domicile
- RI
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 |
|---|---|---|---|
| PETER ALDRICH | DIRECTOR Trustee or director | 10 | $0 |
| JOSEPH AZRACK | DIRECTOR Trustee or director | 25 | $0 |
| EDWARD BURNETT | DIRECTOR Trustee or director | 5 | $0 |
| NATHANIAL HOWE | CHAIRMAN Trustee or director, Officer | 20 | $0 |
| JAMES LOCK | PRESIDENT Trustee or director, Officer | 30 | $0 |
| AMY MOONEY | VICE PRESIDE Trustee or director, Officer | 5 | $0 |
| MARK REICHEN | DIRECTOR Trustee or director | 10 | $0 |
| SUSAN TAYLOR | TREASURER Trustee or director, Officer | 30 | $0 |
| DEBORAH WILEY | DIRECTOR Trustee or director | 10 | $0 |
990 for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER ALDRICH | DIRECTOR Trustee or director | 5 | $0 |
| JOSEPH AZRACK | CHAIRMAN Trustee or director, Officer | 5 | $0 |
| NATHANIAL HOWE | SECRETARY Trustee or director, Officer | 10 | $0 |
| JAMES LOCK | PRESIDENT Trustee or director, Officer | 20 | $0 |
| AMY MOONEY | VICE PRESIDE Trustee or director, Officer | 2 | $0 |
| MARK REICHEN | DIRECTOR Trustee or director | 1 | $0 |
| SUSAN TAYLOR | TREASURER Trustee or director, Officer | 2 | $0 |
| DEBORAH WILEY | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 152, L COMPTON, RI 02837-0152
- Principal officer (990 for 2025)
- SUSAN TAYLOR, 15 HOLLY LANE, LITTLE COMPTON, RI 02837
- Signed the 990
- SUSAN TAYLOR, TREASURER
- Phone
- (401) 225-8286
- Website
- WWW.THECOMMONSFOUNDATION.ORG
- Return prepared by
- MYSTIC ACCOUNTING GROUP LLP
Mission
THE COMMONS FOUNDATION PROVIDES FUNDING AND EDUCATIONAL PROGRAMS TO SIGNIFICANTLY EXPAND HOUSING OPTIONS FOR THOSE INTEGRAL TO THE TOWN'S VIBRANCYFOCUSING ON ATTAINABLE HOMEOWNERSHIP AND RENTAL OPPORTUNITIES FOR LOW TO MODERATE-INCOME RESIDENTS, SENIORS,AND THE LOCAL WORKFORCE. WE ACCELERATE PROGRESS BY SUPPORTING HOMEOWNERS, FOUNDATION-LED INITIATIVES TO CREATE HOUSING AND COMMUNITY DEVELOPMENT, WHILE PROVIDING ESSENTIAL EDUCATION ON THE FINANCIAL PATH TO LONG-TERM HOUSING AND ECONOMIC STABILITY.
Program accomplishments
- "TCF HOME PROGRAM: THIS IS OUR PRIMARY DEVELOPMENT ARM, FOCUSED ON INCREASING THE HOUSING STOCK AVAILABLE TO OUR PROGRAM BENEFICIARIES. WE IDENTIFY AND ACQUIRE STRATEGIC LAND OR EXISTING STRUCTURES-SUCH AS THE 209 LONG HIGHWAY PROJECT- TO CREATE NEW OR REFURBISH HOMES THAT "FIT" THE LOCAL LANDSCAPE AND SELL THEM AT BELOW MARKET RATES.Expenses $7,618
- "TCF LOAN PROGRAM: THE TCF LOAN PROGRAM IS DESIGNED TO PROVIDE FINANCIAL SOLUTIONS FOR QUALIFIED HOUSEHOLDS SEEKING TO BUILD, BUY OR RENOVATE HOMES. LOAN PURPOSES INCLUDE CONSTRUCTION, RENOVATION, OR DOWN PAYMENT ASSISTANCE.Expenses $13,757
- "TCF EDUCATION PROGRAM: WE PROVIDE A PUBLIC FINANCIAL LITERACY SERIES. THIS PROGRAM EQUIPS PROSPECTIVE BUYERS AND HOMEOWNERS WITH THE TOOLS TO MANAGE PERSONAL FINANCES AND NAVIGATE WORKING WITH FINANCIAL INSTITUTIONS, ENSURING THEY ARE PREPARED FOR LONG-TERM HOMEOWNERSHIP. ATTENDEES AT OUR WORKSHOPS HAVE INCLUDED LOCAL GOVERNMENT EMPLOYEES, EDUCATORS, RETIREES, LOCAL WORKERS, AND SMALL BUSINESS OWNERS. IN 2025, WE HELD THE FIRST OF FOUR PLANNED SESSIONS: CREDIT 101Expenses $2,035
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 | Check at the IRS |
IRS record
- EIN
- 99-0862874
- 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
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $2,885,025
- Income (IRS master file)
- $2,037,143
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,527,078 | $69,550 | $2,885,025 | IRS |
| 990 | December 2024 | $1,478,653 | $61,311 | $1,415,105 | XML |
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 99-0862874).
Questions about THE COMMONS FOUNDATION
- What is the EIN of THE COMMONS FOUNDATION?
- The employer identification number (EIN) of THE COMMONS FOUNDATION is 99-0862874.
- Is THE COMMONS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to THE COMMONS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE COMMONS FOUNDATION 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 THE COMMONS FOUNDATION 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 THE COMMONS FOUNDATION 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 THE COMMONS FOUNDATION?
- The 990 for the year ended December 31, 2025 names SUSAN TAYLOR.
- Who are the officers and directors of THE COMMONS FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does THE COMMONS FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,527,078, expenses of $69,550 and total assets of $2,885,025 at year end.
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All nonprofits in L COMPTON · Rhode Island · Housing and shelter