Public Charity

COMMONBOND COMMUNITIES

COMMONBOND COMMUNITIES, of SAINT PAUL, MN, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $48.9M in revenue, $34.1M in expenses, $204.1M in total assets. 180 publicly reported grants to this organization, totaling roughly $14.6M, appear in IRS filings.

EIN: 411260469 SAINT PAUL, MN Latest filing: 2025
Total Revenue$48.9M
Total Expenses$34.1M
Total Assets$204.1M
Grant Records180
Funding Total$14.6M
Filing Years2021–2025

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.

Where $100 goes at Commonbond Communities

How Commonbond Communities divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$90 Programs the work itself
$4 Management running the organization
$6 Fundraising raising the next dollar

Inside the $90 for programs

$70
Housing development, property management and asset management: since 1971, Commonbond Communities has been providing homes and hope for those most in need in our community
77% of program spending · Reported in the filing: 7,000 units of affordable; 13,000 residents
$20
Commonbond prioritizes designing and delivering services in partnership with residents
22% of program spending · Reported in the filing: 6,560 residents; 1,343 residents; 230 youth
<$1
Community engagement
1% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Adam Bernier
SECRETARY Barb Tretheway
DIRECTOR Bill Cummings
VICE-CHAIR Cindy Koch
PRESIDENT & CEO Deidre Schmidt
INTERIM VP OF A&D Heidi Rathmann

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$9,364,315 113 grants
Human & Social Services
$2,909,716 15 grants
Health & Medicine
$718,162 18 grants
Civil Rights & Social Justice
$186,000 1 grant
Economic Development
$165,850 2 grants

Financial Trends

Year Revenue Expenses Assets
2025 $48.9M $34.1M $204.1M
2024 $52.4M $38.0M $212.4M
2023 $30.1M $43.7M $155.3M
2022 $26.7M $22.4M $167.3M
2021 $28.1M $22.4M $162.4M

Between 2021 and 2025, reported annual revenue grew from $28.1M to $48.9M (+74%), with total assets most recently reported at $204.1M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for COMMONBOND COMMUNITIES

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