CommonBond Communities

Nonprofit profile at a glance

EIN
411260469
IRS 990 coverage
2011–2025
Official website data refreshed
Sep 2026
Forms available
Form 990 2025, Form 990-T 2025
Location
St. Paul, MN, US
Phone
651-291-1750
Rating
81
Verdict
STRONG
Rating confidence
Standard

Official website

Reported finances

Revenue
$48,906,055
Expenses
$34,063,024
Assets
$204,100,189
Liabilities
$69,575,969

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

19 people listed

Executive titles in this filing

  • DEIDRE SCHMIDT (PRESIDENT & CEO)

Highest reported compensation

  • DEIDRE SCHMIDT (PRESIDENT & CEO): $320,777 total reported compensation
  • THOMAS ADAMS (EXECUTIVE VP OF HOUSING SERVICES): $263,592 total reported compensation
  • JENNIFER ANDERSON (CHEIF FINANCIAL OFFICER): $243,244 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

CommonBond Communities builds stable homes, strong futures, and vibrant communities.

What it reported doing in 2025

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.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 79
  • Accountability: 96
  • Sustainability: 77
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 72.3%; rating input score 72
  • Program expense ratio: 87.7%; rating input score 88
  • Fundraising efficiency: $11.93 raised per $1 spent on fundraising; rating input score 39; 39th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 93.3%; rating input score 93; 22nd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 30.4%; rating input score 84; 84th percentile among comparable filings
  • Total-asset coverage ratio: 5.99; rating input score 81; 81st percentile among comparable filings
  • Liabilities to assets ratio: 0.34; rating input score 37; 37th percentile among comparable filings
  • Officer compensation ratio: 2.2%; rating input score 79; 79th percentile among comparable filings

Growth

  • Program expense growth: 10.4% per year; rating input score 100; 68th percentile among comparable filings
  • Revenue growth: 7.4% per year; rating input score 100; 60th percentile among comparable filings
  • Asset growth: 9.2% per year; rating input score 100; 63rd percentile among comparable filings

Details

  • What they do: 5 programs and campaigns described on the official site · 4 operating locations identified
  • Where the money goes: 72.3% of revenue deployed · 87.7% of spending went to programs
  • Governance: 14 of 15 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $29.9M in reported program spending
  • Leadership: top reported pay $321K · 19 people listed · 2 of 6 pay-setting controls reported
  • Consistency: 30 of 30 current checks pass
  • Schedules: 8 filed schedules · includes major donors and executive pay
  • Filing history: 15 filing years from 2011 to 2025
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 140 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 39/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 37/100.