Liabilities / Assets
74th percentile
Higher debt load relative to assets than 74% of similar nonprofits.
990 • Fiscal year 2021 • EIN 22-3051402
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
74th percentile
Higher debt load relative to assets than 74% of similar nonprofits.
Liabilities / Revenue
89th percentile
Higher debt load relative to revenue than 89% of similar nonprofits.
Net Margin
72nd percentile
Higher net margin than 72% of similar nonprofits.
Top Officer Pay
65th percentile
Higher top officer pay than 65% of similar nonprofits.
Top officer pay equals 10.0% of source-year revenue.
Asset Growth
45th percentile
Faster asset growth than 45% of similar nonprofits.
Revenue Growth
83rd percentile
Faster revenue growth than 83% of similar nonprofits.
Assets
Up$7,690,982
Up $536,664 (+7.5%) from 2020
Net Assets
Up$4,678,231
Up $425,444 (+10%) from 2020
Liabilities
Up$3,012,751
Up $111,220 (+3.8%) from 2020
Revenue
Up$1,556,130
Up $630,410 (+68%) from 2020
Expenses
Up$1,130,686
Up $191,228 (+20%) from 2020
Net Income
Up$425,444
Up $439,182 (+3197%) from 2020
Common capital, inc. Is a nonprofit community development financial institution (cdfi) certified by the u.s. Treasury department working to grow and strengthen the regional economy by strengthening local businesses and community organizations in western and central massachusetts. Common capital, inc. Provides business loans and technical assistance to help business owners and organizations establish and grow in order to improve income levels, expand job opportunities, and strengthen the local communities. Common caputal, inc. Also provides direct access to alternative financing sources and predominately serves economically-distressed, low-wealth communities.
Common capital, inc. Is a nonprofit community development financial institution, certified by the u.s. Treasury department, working to improve the regional economy.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Other Notes and Loans Receivable, Net | $5,035,712 | $4,677,414 | ▼ $358,298 |
| Savings and Temporary Cash Investments | $1,903,537 | $2,842,095 | ▲ $938,558 |
| Pledges and Grants Receivable | $162,724 | $119,005 | ▼ $43,719 |
| Investments Program Related | $38,984 | $31,216 | ▼ $7,768 |
| Accounts Receivable | $5,155 | $822 | ▼ $4,333 |
| Land, Buildings, and Equipment, Net | $623 | $234 | ▼ $389 |
| Total Assets | $7,154,318 | $7,690,982 | ▲ $536,664 |
| Other Assets Total | $7,583 | $20,196 | ▲ $12,613 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $2,609,716 | $2,850,879 | ▲ $241,163 |
| Accounts Payable and Accrued Expenses | $271,815 | $141,872 | ▼ $129,943 |
| Escrow Account Liability | $20,000 | $20,000 | → $0 |
| Total Liabilities | $2,901,531 | $3,012,751 | ▲ $111,220 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $3,975,787 | $4,264,471 | ▲ $288,684 |
| Net Assets With Donor Restrictions | $277,000 | $413,760 | ▲ $136,760 |
| Total Net Assets Fund Balance | $4,252,787 | $4,678,231 | ▲ $425,444 |
| Total Liabilities and Net Assets / Fund Balance | $7,154,318 | $7,690,982 | ▲ $536,664 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $234 | $67,800 | $68,034 |
| Name | Title | Full / Part Time | Other | Total |
|---|---|---|---|---|
| Raymond Lanza-weil | CEO | FT | $140,204 | $140,204 |
| Keith Fairey | Vice Chair | - | $110,499 | $110,499 |
| Name | Title |
|---|---|
| James Hickson | Chair |
| Claire Higgins | Director |
| Frank Robinson | Director |
| Jonathan Daen | Director |
| Richard Sullivan | Director |
| Samalid Hogan | Director |
| Sarah La Cour | Director |
| Pascale Desir | Assistant Clerk |
| Linda Dunlavy | Clerk |
| Jay Leonard | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $623,647 |
| Salaries, Compensation, and Employee Benefits | $507,039 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $291,895 | - | - | $291,895 |
| Current Officers, Directors, Trustees, and Key Employees | - | $144,025 | - | $144,025 |
| Fees for Services Other | $37,563 | $17,265 | - | $54,828 |
| Interest | $46,787 | - | - | $46,787 |
| Fees for Services Accounting | $3,011 | $32,996 | - | $36,007 |
| Payroll Taxes | $25,535 | $10,300 | - | $35,835 |
| Other Employee Benefits | $35,284 | - | - | $35,284 |
| Other Expenses | $3,362 | $26,713 | - | $30,075 |
| Information Technology | $29,194 | - | - | $29,194 |
| Occupancy | $29,076 | - | - | $29,076 |
| Insurance | $15,534 | $1 | - | $15,535 |
| Fees for Services Legal | - | $10,940 | - | $10,940 |
| Office Expenses | $3,730 | $4,164 | - | $7,894 |
| Conferences and Meetings | - | $975 | - | $975 |
| Travel | $592 | $8 | - | $600 |
| Depreciation Depletion | - | $389 | - | $389 |
| Total Functional Expenses | $827,284 | $303,402 | $0 | $1,130,686 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $117,088,284 |
| Expenses Not Reported on Form 990 | $115,957,598 |
| Expenses per Audited Statements | $1,130,686 |
| Total Expenses per Form 990 | $1,130,686 |
| Expenses Not Reported on Financial Statements | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“The following officers and directors are also employees of way finders, inc.: keith fairey, pascale desir raymond lanza-weil.”
“Way finders, inc., a 501(c)(3) public charity, is the sole member of the organization.”
“Way finders, inc., the sole member, has the power to elect or appoint one or more members to the organization's governing board”
“The treasurer of the board of directors reviews the form 990 prior to filing. A standing invitation is given to all other board members to review the 990 if they would like. The treasurer makes a presentation to the board that he has reviewed the 990 and the board votes to accept the 990 based on his review.”
“All board members, staf members and volunteers are given a copy of the conflict of interest policy at the commencement of that person's relationship with common capital, inc. Full disclosure in writing is required to be made by all interested parties to the board in all conflicts of interest. Anyone who is in a position to make decisions about spending common capital, inc.'s resources and who also stand to benefit from that decision has a duty to disclose that information as soon as it arises. Following full disclosure, the board of directors determines whether a conflict of interest exists. If so, the board votes to authorize or reject the transaction to protect common capital, inc.'s best interests.”
“A review of the chief executive officer's salary is performed by the executive committee of the board. The committee uses the independent salary comparibility study prepared by opportunity financine network. An annual performance review is conducted and the results and the decision on the salary amount are presented to the full board of directors for approval.”
“Documents are availble by request to derek j. Morris, cfo, way finders, inc., 1780 main street, springfield, ma 01103.”
“This process has not changed from prior year.”
“The organization is holding $20,000 in escrow as a loan loss reserve account for certain qualifying loans receivable.”
“Common capital, inc. Evaluates tax positions taken or expected to be taken in its tax returns to determine whether the tax positions are "more-likely-than-not" of being sustained by the applicable tax authority. At june 30, 2021, common capital, inc. Believes that it has no uncertain tax positions within its open tax returns (fiscal years 2018-2020).”
“Revenue from consolidated affiliates 115,464,574.”
“Expenses from consolidated affiliates 115,957,598.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 271815 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 141872 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 5155 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 822 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | COMMON CAPITAL, INC. IS A NONPROFIT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION, CERTIFIED BY THE U.S. TREASURY DEPARTMENT, WORKING TO IMPROVE THE REGIONAL ECONOMY. |
| IRS990/AllOtherContributionsAmt | 0 | 619008 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | DEREK J MORRIS |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 4132331658 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1780 MAIN STREET |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | SPRINGFIELD |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 01103 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 144025 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 144025 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt | 0 | 975 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 975 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 1 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 1094054 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | -6334 |
| IRS990/CYOtherExpensesAmt | 0 | 623647 |
| IRS990/CYOtherRevenueAmt | 0 | 27308 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 441102 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 425444 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 507039 |
| IRS990/CYTotalExpensesAmt | 0 | 1130686 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 1556130 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 389 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 389 |
| IRS990/Desc | 0 | PROVIDES BUSINESS LOANS AND TECHNICAL ASSISTANCE TO HELP BUSINESS OWNERS AND ORGANIZATIONS ESTABLISH AND GROW IN ORDER TO IMPROVE INCOME LEVELS, EXPAND JOB OPPORTUNITIES AND STRENGTHEN THE LOCAL COMMUNITIES. ALSO PROVIDES DIRECT ACCESS TO ALTERNATIVE FINANCING SOURCES. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 277000 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 413760 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 5 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/EscrowAccountLiabilityGrp/BOYAmt | 0 | 20000 |
| IRS990/EscrowAccountLiabilityGrp/EOYAmt | 0 | 20000 |
| IRS990/ExpenseAmt | 0 | 827284 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 1 |
| IRS990/FederalGrantAuditPerformedInd | 0 | 1 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 1 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 32996 |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 3011 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 36007 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 10940 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 10940 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 17265 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 37563 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 54828 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 37.50 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 10161 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 7279 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 14341 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | JAMES HICKSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | LINDA DUNLAVY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | PASCALE DESIR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | FRANK ROBINSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | CLAIRE HIGGINS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | RICHARD SULLIVAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | SAMALID HOGAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | SARAH LA COUR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | JAY LEONARD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | KEITH FAIREY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | JONATHAN DAEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | RAYMOND LANZA-WEIL |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 145465 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 103220 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 125863 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | CLERK |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | ASSISTANT CLERK |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | VICE CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | CEO |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1990 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 11 |
| IRS990/GovernmentGrantsAmt | 0 | 475046 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 1556130 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 11 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 29194 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 29194 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 1 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 15534 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 15535 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 46787 |
| IRS990/InterestGrp/TotalAmt | 0 | 46787 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | -6334 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | -6334 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsProgramRelatedGrp/BOYAmt | 0 | 38984 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 31216 |
| IRS990/IRPDocumentCnt | 0 | 95 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 67800 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 623 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 234 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 68034 |
| IRS990/LegalDomicileStateCd | 0 | MA |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 1 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | COMMON CAPITAL, INC. IS A NONPROFIT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) CERTIFIED BY THE U.S. TREASURY DEPARTMENT WORKING TO GROW AND STRENGTHEN THE REGIONAL ECONOMY BY STRENGTHENING LOCAL BUSINESSES AND COMMUNITY ORGANIZATIONS IN WESTERN AND CENTRAL MASSACHUSETTS. COMMON CAPITAL, INC. PROVIDES BUSINESS LOANS AND TECHNICAL ASSISTANCE TO HELP BUSINESS OWNERS AND ORGANIZATIONS ESTABLISH AND GROW IN ORDER TO IMPROVE INCOME LEVELS, EXPAND JOB OPPORTUNITIES, AND STRENGTHEN THE LOCAL COMMUNITIES. COMMON CAPUTAL, INC. ALSO PROVIDES DIRECT ACCESS TO ALTERNATIVE FINANCING SOURCES AND PREDOMINATELY SERVES ECONOMICALLY-DISTRESSED, LOW-WEALTH COMMUNITIES. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 2609716 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 2850879 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 4252787 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 4678231 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 3975787 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 4264471 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 29076 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 29076 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 4164 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 3730 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 7894 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 7583 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 20196 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 35284 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 35284 |
| IRS990/OtherExpensesGrp/Desc | 0 | LOAN LOSS RESERVE ADJUS |
| IRS990/OtherExpensesGrp/Desc | 1 | OTHER EXPENSES |
| IRS990/OtherExpensesGrp/Desc | 2 | DUES AND FEES |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 55626 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 26713 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 248675 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 57046 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 3362 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 248675 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 112672 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 30075 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 291895 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 291895 |
| IRS990/OtherWebsiteInd | 0 | X |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 5035712 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 4677414 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 10300 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 25535 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 35835 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 162724 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 119005 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | RAYMOND LANZA-WEIL |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 900099 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 900099 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | LOAN INTEREST INCOME |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | LENDING AND PROGRAM FE |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 382817 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 58285 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 382817 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 58285 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 500814 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 3488 |
| IRS990/PYOtherExpensesAmt | 0 | 460345 |
| IRS990/PYOtherRevenueAmt | 0 | 87412 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 334006 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -13738 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 479113 |
| IRS990/PYTotalExpensesAmt | 0 | 939458 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 925720 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 425444 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 468410 |
| IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 27308 |
| IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt | 0 | 27308 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 1903537 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 2842095 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 1094054 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 500814 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 670358 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 309454 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 679002 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 3253682 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | -6334 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 3488 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 2280 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 3807 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 1588 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 4829 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.99850 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.99500 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 3253682 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 1094054 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 500814 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 670358 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 309454 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 679002 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 3253682 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 3258511 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/AgentTrusteeEtcInd | 0 | 0 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 234 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 67800 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 68034 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 115957598 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 1130686 |
| IRS990ScheduleD/ExplanationProvidedInd | 0 | X |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/InclEscrowCustodialAcctLiabInd | 0 | 1 |
| IRS990ScheduleD/OtherExpensesIncludedAmt | 0 | 115957598 |
| IRS990ScheduleD/OtherRevenueAmt | 0 | 115464574 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 115464574 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 1556130 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATION IS HOLDING $20,000 IN ESCROW AS A LOAN LOSS RESERVE ACCOUNT FOR CERTAIN QUALIFYING LOANS RECEIVABLE. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | COMMON CAPITAL, INC. EVALUATES TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN ITS TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. AT JUNE 30, 2021, COMMON CAPITAL, INC. BELIEVES THAT IT HAS NO UNCERTAIN TAX POSITIONS WITHIN ITS OPEN TAX RETURNS (FISCAL YEARS 2018-2020). |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 2 | REVENUE FROM CONSOLIDATED AFFILIATES 115,464,574. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 3 | EXPENSES FROM CONSOLIDATED AFFILIATES 115,957,598. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART IV, LINE 2B: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | PART X, LINE 2: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | PART XI, LINE 2D - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | PART XII, LINE 2D - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 234 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 1130686 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 1556130 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 117020704 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 117088284 |
| IRS990ScheduleJ/AnyNonFixedPaymentsInd | 0 | 0 |
| IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd | 0 | 0 |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | 0 |
| IRS990ScheduleJ/InitialContractExceptionInd | 0 | 0 |
| IRS990/ScheduleJRequiredInd | 0 | 1 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 0 | 145465 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 0 | 10161 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | PASCALE DESIR |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | ASSISTANT CLERK |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 0 | 155626 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | 0 |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE FOLLOWING OFFICERS AND DIRECTORS ARE ALSO EMPLOYEES OF WAY FINDERS, INC.: KEITH FAIREY, PASCALE DESIR RAYMOND LANZA-WEIL. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | WAY FINDERS, INC., A 501(C)(3) PUBLIC CHARITY, IS THE SOLE MEMBER OF THE ORGANIZATION. |
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Displayed year
2021 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.