Totals
- Total revenue
- $1,167,458
- Total expenses
- $331,481
- Contributions and grants received
- $1,135,322
- Grants paid
- $0
- Program service revenue
- $30,900
- Investment income
- $130
- Other revenue
- $1,106
- Total assets, end of year
- $1,463,542
- Total liabilities, end of year
- $332,723
- Net assets or fund balances, end of year
- $1,130,819
- Program services expenses (Part IX)
- $249,401
- Management and general expenses
- $82,080
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $249,401
Program services were 75.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$315,300
-
1f · All other contributions, gifts and grants
$820,022
-
1g · Noncash contributions included above
$333,778
-
2a · Program service revenue: Rental Income
total $30,900 · related or exempt $30,900
-
3 · Investment income
total $130 · related or exempt $130
-
11a · Other revenue: Other Revenue
total $1,106 · related or exempt $1,106
-
11e · Other revenue, total
$1,106
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $97,058 · program services $53,951 · management and general $43,107
-
10 · Payroll taxes
total $11,826 · program services $6,996 · management and general $4,830
-
11a · Fees: management
total $9,675 · program services $6,525 · management and general $3,150
-
11g · Fees: other
total $4,918 · program services $890 · management and general $4,028
-
12 · Advertising and promotion
total $1,919 · program services $239 · management and general $1,680
-
13 · Office expenses
total $5,028 · management and general $5,028
-
14 · Information technology
total $100 · management and general $100
-
16 · Occupancy
total $17,870 · program services $15,536 · management and general $2,334
-
20 · Interest
total $8,285 · program services $3,359 · management and general $4,926
-
22 · Depreciation, depletion and amortization
total $19,047 · program services $18,672 · management and general $375
-
23 · Insurance
total $12,204 · program services $4,171 · management and general $8,033
-
24a · Other expenses: Constructions Repairs &
total $138,132 · program services $137,557 · management and general $575
-
24b · Other expenses: Vehicle Expense
total $3,084 · management and general $3,084
-
24c · Other expenses: Miscellaneous
total $1,535 · program services $705 · management and general $830
-
24d · Other expenses: Equipment Rental & Main
total $800 · program services $800
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $150,576 · end of year $356,188
-
10a · Land, buildings and equipment: cost or other basis
$1,129,525
-
10b · Land, buildings and equipment: accumulated depreciation
$22,171
-
10c · Land, buildings and equipment, net
beginning of year $147,128 · end of year $1,107,354
-
17 · Accounts payable and accrued expenses
beginning of year $2,862 · end of year $19,848
-
23 · Secured mortgages and notes payable
end of year $300,875
-
24 · Unsecured notes and loans payable
end of year $12,000
-
27 · Net assets without donor restrictions
beginning of year $294,842 · end of year $1,043,180
-
28 · Net assets with donor restrictions
end of year $87,639
Mission and programs · 2023
Mission
The organizations primary mission is to develop and steward sustainable, permanantly affordable homes that build wealth and security for poor and working people. They believe that all residents, regardless of income or identity, should be able to benefit from stable homes that they love and are invested in.
Activities or mission (Part I)
Focused on creating sustainable, permanantly affordable homes that build wealth in Meadville, PA.
-
The organization is a community land trust dedicted to developing and stewarding sustainable, permanently affordable homes that build wealth and security for low-income households. Common Roots worked in a partnership with local government and other community institutions to acquire vacant and/or blighted properties and redevelop them as permanently affordable housing. In 2023, the organization added 6 properties to its portfolio.
Expenses $60,845 · Revenue $1,236
-
Common Roots operated 12 affordable rental units in 2023 and developed a renting cooperative program that empowers low-income households to build financial assets and community ties by working together to care for and govern their homes. The first cooperative members moved into their new homes in July of 2023.
Expenses $179,379 · Revenue $30,900
-
Common Roots engaged in workforce development and educational initiatives to community capacity to rehabilitate and care for homes. In 2023, the organization started working to launch a public benefit construction company dedicted to furthering the organization's mission while providing meaningful, well-paying jobs for low-income people in recovery.
Expenses $9,177
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Don Goldstein
President
- Total calculated
- $0
- Hours/week
- 0
-
Robert Ackerman
Vice President
- Total calculated
- $0
- Hours/week
- 0
-
Samantha Travis
Treasurer
- Total calculated
- $0
- Hours/week
- 0
-
Emily Rose Bowman
Secretary
- Total calculated
- $0
- Hours/week
- 0
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 11 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403189349301705
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