Overview
What is Commonbond Communities?
Commonbond Communities is a nonprofit organization based in St. Paul, Minnesota, dedicated to providing safe and affordable housing for individuals in need. Their mission extends beyond just shelter, as they aim to help residents gain stability and build community. On-site Advantage Centers offer various programs addressing residents' needs, with a focus on stability and independence, education and advancement, health and wellness, and community building and engagement. These services are provided free of charge to eliminate transportation and financial barriers. During 2022, the program helped adults maintain housing and achieve their economic goals, as well as provided academic mentoring for children and youth, health and wellness programs for seniors and residents with disabilities, and opportunities for community building and engagement for over 1,276 residents.
Official website here: www.commonbond.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Star rating)
CommonBond Communities has achieved an impressive Four-Star rating from Charity Navigator, reflecting their strong commitment to accountability and financial health. The organization scored a perfect 100% in its Accountability & Finance metrics, indicating robust governance and prudent financial management. This high score emphasizes the nonprofit's dedication to transparency and effective use of resources.
One of the key strengths of CommonBond Communities is its independent governance structure, with 95% of its board members being independent. This independence enhances the quality of oversight and decision-making within the organization. Additionally, the nonprofit has established comprehensive policies, including conflict of interest and whistleblower protections, further demonstrating its commitment to ethical practices.
Although the ratings highlight significant strengths, the review does not mention any specific limitations or areas for improvement, suggesting that CommonBond Communities is currently operating at a high standard in terms of accountability and financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Commonbond Communities?
50% of the 27 reviewers on Facebook recommend CommonBond Communities. Here is a summary of their reviews:
There are serious concerns raised regarding the organization's employee background checks and overall management, particularly centered around a specific incident involving a former employee. The negative review highlights a tragic event that occurred under the supervision of this employee, leading to a significant loss and allegations about the worker's troubling history.
On the other hand, the mix of opinions suggests that while there may be severe issues concerning at least one staff member, the experiences of other users remain unexpressed within the reviews available. Without broader perspective, it’s challenging to assess the full impact of their services or the reliability of the organization overall.
This AI summary has been generated from reviews found on Facebook.
Is Commonbond Communities legitimate?
Commonbond Communities is a legitimate nonprofit organization registered as a 501(c)(3) entity. Commonbond Communities submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $433,458
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,459,902
For more financial information, click here
Official website here: www.commonbond.org
What is the mission statement of Commonbond Communities?
Commonbond Communities' mission is centered around building stable homes, fostering strong futures, and creating vibrant communities. As the leading non-profit provider of affordable housing in the Upper Midwest, Commonbond has been constructing and maintaining homes accompanied by essential services for families, seniors, and individuals with disabilities since 1971. Through the merging of affordable housing and advantage services, Commonbond aims to help residents achieve stability, advancement, and independence.
Official website here: www.commonbond.org
Who is the CEO of Commonbond Communities?
Angela Riley is the President & Ceo of Commonbond Communities. The CEO's salary of Commonbond Communities is $296,586 and their total compensation is $317,103.
Official website here: www.commonbond.org
What is the revenue of Commonbond Communities?
Commonbond Communities's revenue in 2022 was $26,682,469.
Official website here: www.commonbond.org
Who are the executives of Commonbond Communities and what are their salaries?
The average compensation at Commonbond Communities during 2022 was $41,526. There are 166 employees and 276 volunteers at Commonbond Communities.
Here are 29 key members and their salaries (Commonbond Communities's CEO's salary is $296,586 and their total compensation is $317,103):
- Compensation: $296,586
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- Other: $20,517
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- Related: $191,412
- Other: $17,893
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- Related: $183,576
- Other: $14,224
- Compensation: $104,280
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- Other: $12,075
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- Related: $192,283
- Other: $17,781
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- Related: $156,055
- Other: $15,509
- Compensation: $0
- Related: $170,385
- Other: $17,761
Official website here: www.commonbond.org
Where can I find the form 990 for Commonbond Communities?
Commonbond Communities's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.commonbond.org
Learn more at the official website: www.commonbond.org
Mission Statement of Commonbond Communities
Commonbond Communities, a leading nonprofit organization in the Upper Midwest, is dedicated to constructing stable homes, fostering strong futures, and sustaining vibrant communities. With a rich history dating back to 1971, Commonbond has been committed to providing affordable housing and essential services to families, seniors, and individuals with disabilities.
The mission of Commonbond Communities goes beyond just building homes. It encompasses creating an environment that fosters stability, advancement, and independence. By combining affordable housing with supportive services, Commonbond addresses the unique needs of its residents, enabling them to overcome challenges and build brighter futures.
Commonbond Communities is the largest nonprofit provider of affordable housing in the Upper Midwest. Through its comprehensive approach, it not only provides a safe and affordable place to call home but also offers a range of services designed to help residents thrive. These services may include access to education, employment opportunities, health and wellness programs, and financial assistance.
By focusing on the long-term stability of its residents, Commonbond Communities creates thriving communities where individuals and families can build strong foundations for the future. Its unwavering commitment to affordability, services, and community development has made it an essential resource for those in need.
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Impact
October, 2024
CommonBond Communities significantly impacts the lives of residents by providing safe, affordable housing and a comprehensive suite of support services that foster stability and community engagement.
By offering on-site Advantage Centers, CommonBond addresses essential resident needs through programs focused on stability, education, health, and community building. Residents receive crucial assistance to maintain housing stability, including support for managing rental payments and accessing emergency assistance, which helps to prevent eviction.
In the realm of education and advancement, CommonBond empowers adults and youth with resources like employment services and financial coaching. In 2022, over 60% of adults placed in jobs retained their positions for six months or more, while more than 93% of youth participating in academic programs improved their reading levels, showcasing the tangible benefits of their educational initiatives.
For health and wellness, seniors and residents with disabilities have access to evidence-based exercise programs aimed at increasing physical activity and reducing fall risks. Notably, over 80% of participants reported having zero falls, highlighting the program's effectiveness in promoting safe, healthy living.
Community building is another critical aspect of CommonBond’s impact. By facilitating initiatives like resident associations, community gardens, and intergenerational events, they empower residents to cultivate a sense of belonging and connection both within their housing and with the surrounding community. In 2022, more than 1,276 residents engaged in these activities, fostering a vibrant community spirit.
Through these multifaceted approaches, CommonBond Communities not only provides housing but also nurtures thriving, resilient communities that enhance the quality of life for all residents.
This information is meant to be a general summary of Commonbond Communities. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $79,205
- Program Service Revenue: $14,625,559
- Gross Receipts: $26,682,469
Assets and Liabilities:
- Total Assets: $167,271,935
- Total Liabilities: $74,847,477
- Net Assets: $92,424,458
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUES
Revenue
$7,062,587
DEVELOPMENT FEES
Revenue
$4,592,266
ADVANTAGE SERVICE FEES
Revenue
$1,970,947
INTEREST INC ON LOANS
Revenue
$456,899
MISCELLANEOUS REVENUE
Revenue
$326,476
Organization Details
Founding Year
1971
Phone
(651) 291-1750Principal Officer
Angela Riley
Main Address
1080 MONTREAL AVENUE, ST PAUL, MN, 55116
Website
www.commonbond.orgNTEE Category
Code: L21 - Housing
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