Minnesota · Nonprofit
COMMONBOND COMMUNITIES
COMMONBOND COMMUNITIES (Minnesota) receives grants from 127 organizations whose IRS filings report $30,997,526 to it, the largest being NEIGHBORHOOD REINVESTMENT CORPORATION ($5,856,750). 86 of them have funded it in more than one year.
- Revenue FY2024
- $52M
- Funders on record
- 127
- Grants received
- $31M
- Net assets
- $108M
What Commonbond Communities does
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.
As stated on its FY2024 Form 990.
Programs
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+…
$6,680,245 spent$1,331,163 earned by the program22% of program spendingHousing 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.
$23,076,738 spent$20,082,529 earned by the program77% of program spendingCommunity 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.
$130,562 spent0% of program spending
The 3 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $29,887,545.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $155M to $212M (+37%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 5% · 2018 6% · 2019 9% · 2020 7% · 2021 21% · 2022 22% · 2023 6% · 2024 27%. Grants only. Government contracts and fees sit inside program revenue.
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Deidre Schmidt
President & CEO
Board chair
Tasha Alexander
Chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 24 funders to 67 funders, grant income rose $1.3M → $8.8M.
28 of 127 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 23% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of COMMONBOND COMMUNITIES’s funders (the co-funder graph). Top 30 of 127 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
COMMONBOND COMMUNITIES has a broad base — no single funder exceeds 19% of grant income, and it takes 6 funders to reach half.
the vertical line marks half of all grant income — 6 funders to its left
48% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund COMMONBOND COMMUNITIES.
Largest funder’s share by year: 2017 57% · 2018 54% · 2019 33% · 2020 24% · 2021 20% · 2022 38% · 2023 28% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
54% of COMMONBOND COMMUNITIES's funders are still giving 3 years after their first grant; 68% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
68% of COMMONBOND COMMUNITIES's grant income comes from Minnesota funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $7.1M arriving through sponsors registered in 16 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Government funding COMMONBOND COMMUNITIES receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $5.8M on record.
- Department of the Treasury$4.0M
- Department of Housing and Urban Development$1.8M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like COMMONBOND COMMUNITIES
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Minnesota
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
91% of spending goes to programs.
Governance
Public support
89%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 3 states
Part of a family of 185 related entities
- Urban View 2 LLC · disregarded
- Commonbond Acqusition LLC · disregarded
- Cb Sunrise Manor LLC · disregarded
- Cbc River Mill LLC · disregarded
- Whittier Community LLC · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for COMMONBOND COMMUNITIES: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds COMMONBOND COMMUNITIES?
- COMMONBOND COMMUNITIES (Minnesota) receives grants from 127 organizations whose IRS filings report $30,997,526 to it, the largest being NEIGHBORHOOD REINVESTMENT CORPORATION ($5,856,750). 86 of them have funded it in more than one year.
- How many funders does COMMONBOND COMMUNITIES have?
- IRS filings report 127 organizations giving $30,997,526 in grants to COMMONBOND COMMUNITIES, 86 of which have funded it in more than one year.
- Who is the largest funder of COMMONBOND COMMUNITIES?
- NEIGHBORHOOD REINVESTMENT CORPORATION is the largest funder on record, with $5,856,750 in grants. The full list of funders is on this page.
- How can an organization like COMMONBOND COMMUNITIES find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Commonbond Communities →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 127 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing