Civic Intelligence

Common Capital Inc.

990 • Fiscal year 2022 • EIN 22-3051402

Jul 01, 2021 to Jun 30, 2022 • Filed on May 09, 2023

1780 Main StreetSpringfield, MA 01103

(413) 233-1680

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

67th percentile

0.35x

Higher debt load relative to assets than 67% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

82nd percentile

1.15x

Higher debt load relative to revenue than 82% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

93rd percentile

65%

Higher net margin than 93% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

67th percentile

$235,024

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 7.4% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

88th percentile

35%

Faster asset growth than 88% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

93rd percentile

104%

Faster revenue growth than 93% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Up

$10,407,941

Up $2,716,959 (+35%) from 2021

Net Assets

Up

$6,751,246

Up $2,073,015 (+44%) from 2021

Liabilities

Up

$3,656,695

Up $643,944 (+21%) from 2021

Revenue

Up

$3,175,807

Up $1,619,677 (+104%) from 2021

Expenses

Down

$1,102,792

Down $27,894 (-2.5%) from 2021

Net Income

Up

$2,073,015

Up $1,647,571 (+387%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2012: $5,727,279Liabilities 2012: $2,422,470Net Assets 2012: $3,304,8092012Assets 2013: $5,840,020Liabilities 2013: $2,093,925Net Assets 2013: $3,746,0952013Assets 2014: $5,846,226Liabilities 2014: $2,088,348Net Assets 2014: $3,757,8782014Assets 2015: $6,657,309Liabilities 2015: $2,175,268Net Assets 2015: $4,482,0412015Assets 2016: $6,580,191Liabilities 2016: $2,017,598Net Assets 2016: $4,562,5932016Assets 2017: $6,147,591Liabilities 2017: $1,917,871Net Assets 2017: $4,229,7202017Assets 2018: $6,362,011Liabilities 2018: $2,167,314Net Assets 2018: $4,194,6972018Assets 2019: $6,675,702Liabilities 2019: $2,409,177Net Assets 2019: $4,266,5252019Assets 2020: $7,154,318Liabilities 2020: $2,901,531Net Assets 2020: $4,252,7872020Assets 2021: $7,690,982Liabilities 2021: $3,012,751Net Assets 2021: $4,678,2312021Assets 2022: $10,407,941Liabilities 2022: $3,656,695Net Assets 2022: $6,751,2462022Assets 2023: $10,983,074Liabilities 2023: $3,728,364Net Assets 2023: $7,254,7102023Assets 2024: $11,059,939Liabilities 2024: $4,260,938Net Assets 2024: $6,799,0012024

Highlighted filing

2022

Assets$10,407,941
Liabilities$3,656,695
Net Assets$6,751,246

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $2,769,307Expenses 2012: $1,149,835Net Income 2012: $1,619,4722012Revenue 2013: $1,574,888Expenses 2013: $1,136,235Net Income 2013: $438,6532013Revenue 2014: $885,288Expenses 2014: $873,505Net Income 2014: $11,7832014Revenue 2015: $1,818,665Expenses 2015: $1,081,230Net Income 2015: $737,4352015Revenue 2016: $1,042,343Expenses 2016: $966,498Net Income 2016: $75,8452016Revenue 2017: $966,271Expenses 2017: $1,202,496Net Income 2017: -$236,2252017Revenue 2018: $747,091Expenses 2018: $767,593Net Income 2018: -$20,5022018Revenue 2019: $1,211,493Expenses 2019: $1,139,665Net Income 2019: $71,8282019Revenue 2020: $925,720Expenses 2020: $939,458Net Income 2020: -$13,7382020Revenue 2021: $1,556,130Expenses 2021: $1,130,686Net Income 2021: $425,4442021Revenue 2022: $3,175,807Expenses 2022: $1,102,792Net Income 2022: $2,073,0152022Revenue 2023: $1,986,861Expenses 2023: $1,483,397Net Income 2023: $503,4642023Revenue 2024: $1,109,925Expenses 2024: $1,565,634Net Income 2024: -$455,7092024

Highlighted filing

2022

Revenue$3,175,807
Expenses$1,102,792
Net Income$2,073,015
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 9, 2023
Return Version
2021v4.2
Gross Receipts
$3,175,807
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$4,677,414$5,300,649▲ $623,235
Savings and Temporary Cash Investments$2,842,095$4,872,119▲ $2,030,024
Pledges and Grants Receivable$119,005$190,726▲ $71,721
Investments Program Related$31,216$30,405▼ $811
Accounts Receivable$822--
Land, Buildings, and Equipment, Net$234$0▼ $234
Total Assets$7,690,982$10,407,941▲ $2,716,959
Other Assets Total$20,196$14,042▼ $6,154
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,850,879$3,342,963▲ $492,084
Deferred Revenue-$169,584-
Accounts Payable and Accrued Expenses$141,872$124,148▼ $17,724
Escrow Account Liability$20,000$20,000→ $0
Total Liabilities$3,012,751$3,656,695▲ $643,944
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,264,471$6,049,127▲ $1,784,656
Net Assets With Donor Restrictions$413,760$702,119▲ $288,359
Total Net Assets Fund Balance$4,678,231$6,751,246▲ $2,073,015
Total Liabilities and Net Assets / Fund Balance$7,690,982$10,407,941▲ $2,716,959

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$68,034$68,034
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Raymond Lanza-weilCEOFT$47,834$94,557$142,391

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,781,568
Program Service Revenue
$394,544
Investment Income
$-305
Other Revenue
$0
All Other Contributions
$1,535,750
Change in Net Assets
$2,073,015

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,175,807
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$176,052,773
Total Revenue per Audited Statements
$179,228,580
Total Revenue per Form 990
$3,175,807
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$569,983
Other Expenses$518,059
Grants and Similar Amounts Paid$14,750
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$339,429--$339,429
Current Officers, Directors, Trustees, and Key Employees$132,542$1,500-$134,042
Fees for Services Other$70,137$15,642-$85,779
Advertising$57,751$2,250-$60,001
Interest$51,008--$51,008
Other Employee Benefits$50,097--$50,097
Payroll Taxes$43,994$2,421-$46,415
Occupancy$32,899--$32,899
Other Expenses$2,957$25,368-$28,325
Fees for Services Accounting$1,919$24,144-$26,063
Information Technology$20,093$-234-$19,859
Grants to Domestic Individuals$14,750--$14,750
Insurance$10,039--$10,039
Office Expenses$4,639$4,052-$8,691
Fees for Services Legal-$8,268-$8,268
Travel$443$6-$449
Depreciation Depletion-$234-$234
Conferences and Meetings-$75-$75
Total Functional Expenses$978,786$124,006$0$1,102,792

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$181,916,874
Expenses Not Reported on Form 990$180,814,082
Expenses per Audited Statements$1,102,792
Total Expenses per Form 990$1,102,792
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

The following officers and directors are also employees of way finders, inc.: keith fairey and pascale desir.

Form 990, Part VI, Section A, Line 6

Way finders, inc., a 501(c)(3) public charity, is the sole member of the organization.

Form 990, Part VI, Section A, Line 7A

Way finders, inc., the sole member, has the power to elect or appoint one or more members to the organization's governing board

Form 990, Part VI, Section B, Line 11B

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.

Form 990, Part VI, Section B, Line 12C

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.

Form 990, Part VI, Section B, Line 15A

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.

Form 990, Part VI, Section C, Line 19

Documents are availble by request to derek j. Morris, cfo, way finders, inc., 1780 main street, springfield, ma 01103.

Filing and Contact Details

Filer

Filer Name
Common Capital Inc
EIN
22-3051402
Phone
4132331680
Address
1780 MAIN STREET, SPRINGFIELD, MA 01103

Signing Officer

Name
Raymond Lanza-weil
Title
President
Phone
4132331687
Signed
2023-05-09

Organization Details

Principal Officer
Raymond Lanza-weil
Formed
1990
Legal Domicile
Ma
Voting Board Members
11
Independent Board Members
11
Employees
7
Volunteers
15

Preparer

Firm
Daniel Dennis and Company Llp
Address
990 WASHINGTON STREET, DEDHAM, MA 02026
Preparer
Michael Driscoll
Phone
6172629898
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

This process has not changed from prior year.

Financial Statement Notes

PART IV, LINE 2B:

The organization is holding $20,000 in escrow as a loan loss reserve account for certain qualifying loans receivable.

PART X, LINE 2:

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, 2022, common capital, inc. Believes that it has no uncertain tax positions within its open tax returns (fiscal years 2019-2021).

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Revenue from consolidated affiliates 176,052,773.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Expenses from consolidated affiliates 180,814,082.

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IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0-234
IRS990/InformationTechnologyGrp/ProgramServicesAmt020093
IRS990/InformationTechnologyGrp/TotalAmt019859
IRS990/InsuranceGrp/ProgramServicesAmt010039
IRS990/InsuranceGrp/TotalAmt010039
IRS990/InterestGrp/ProgramServicesAmt051008
IRS990/InterestGrp/TotalAmt051008
IRS990/InvestmentIncomeGrp/ExclusionAmt0-305
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0-305
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt031216
IRS990/InvestmentsProgramRelatedGrp/EOYAmt030405
IRS990/IRPDocumentCnt0112
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt068034
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0234
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt068034
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0COMMON 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/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02850879
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03342963
IRS990/NetAssetsOrFundBalancesBOYAmt04678231
IRS990/NetAssetsOrFundBalancesEOYAmt06751246
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt04264471
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt06049127
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt032899
IRS990/OccupancyGrp/TotalAmt032899
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04052
IRS990/OfficeExpensesGrp/ProgramServicesAmt04639
IRS990/OfficeExpensesGrp/TotalAmt08691
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt020196
IRS990/OtherAssetsTotalGrp/EOYAmt014042
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt050097
IRS990/OtherEmployeeBenefitsGrp/TotalAmt050097
IRS990/OtherExpensesGrp/Desc0LOAN LOSS RESERVE ADJUS
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc2DUES AND FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt040280
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt125368
IRS990/OtherExpensesGrp/ProgramServicesAmt0146089
IRS990/OtherExpensesGrp/ProgramServicesAmt12957
IRS990/OtherExpensesGrp/TotalAmt0146089
IRS990/OtherExpensesGrp/TotalAmt140280
IRS990/OtherExpensesGrp/TotalAmt228325
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0339429
IRS990/OtherSalariesAndWagesGrp/TotalAmt0339429
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt04677414
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt05300649
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02421
IRS990/PayrollTaxesGrp/ProgramServicesAmt043994
IRS990/PayrollTaxesGrp/TotalAmt046415
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0119005
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0190726
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0RAYMOND LANZA-WEIL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/Desc1LENDING AND PROGRAM FE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0364893
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt129651
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0364893
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt129651
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01094054
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-6334
IRS990/PYOtherExpensesAmt0623647
IRS990/PYOtherRevenueAmt027308
IRS990/PYProgramServiceRevenueAmt0441102
IRS990/PYRevenuesLessExpensesAmt0425444
IRS990/PYSalariesCompEmpBnftPaidAmt0507039
IRS990/PYTotalExpensesAmt01130686
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01556130
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt02073015
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0394544
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02842095
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04872119
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02781568
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01094054
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0500814
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0670358
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0309454
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05356248
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0-305
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0-6334
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03488
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02280
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt03807
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02936
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99950
IRS990ScheduleA/PublicSupportPY170Pct00.99850
IRS990ScheduleA/PublicSupportTotal170Amt05356248
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02781568
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01094054
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0500814
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0670358
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0309454
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05356248
IRS990ScheduleA/TotalSupportAmt05359184
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt068034
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt068034
IRS990ScheduleD/ExpensesNotReportedAmt0180814082
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01102792
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/OtherExpensesIncludedAmt0180814082
IRS990ScheduleD/OtherRevenueAmt0176052773
IRS990ScheduleD/RevenueNotReportedAmt0176052773
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03175807
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS HOLDING $20,000 IN ESCROW AS A LOAN LOSS RESERVE ACCOUNT FOR CERTAIN QUALIFYING LOANS RECEIVABLE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COMMON 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, 2022, COMMON CAPITAL, INC. BELIEVES THAT IT HAS NO UNCERTAIN TAX POSITIONS WITHIN ITS OPEN TAX RETURNS (FISCAL YEARS 2019-2021).
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2REVENUE FROM CONSOLIDATED AFFILIATES 176,052,773.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3EXPENSES FROM CONSOLIDATED AFFILIATES 180,814,082.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01102792
IRS990ScheduleD/TotalRevenuePerForm990Amt03175807
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0179228580
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0181916874
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt014750
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0AWARDS FUNDED BY MASS GROWTH CAPITAL CORPORATION FOR CAPITAL EXPENSES, TOOLS AND SERVICES TO DEVELOP BUSINESS DIGITAL CAPABILITIES
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt03
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0COMMON CAPITAL FOLLOWS THE GUIDELINES ESTABLISHED BY ITS FUNDING SOURCES TO ISSUE AND MONITOR THE BENEFITS AWARDED UNDER ITS PROGRAMS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0218619
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1145078
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.1$4.26$6.80$1.11$1.57$0.46
2023Summary only. Only limited summary data is available for this year.$11.0$3.73$7.25$1.99$1.48$0.50
2022Detailed filing. Detailed filing data is available for this year.$10.4$3.66$6.75$3.18$1.10$2.07
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.69$3.01$4.68$1.56$1.13$0.43
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.15$2.90$4.25$0.93$0.94$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.68$2.41$4.27$1.21$1.14$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.36$2.17$4.19$0.75$0.77$0.02
2017Summary only. Only limited summary data is available for this year.$6.15$1.92$4.23$0.97$1.20$0.24
2016Summary only. Only limited summary data is available for this year.$6.58$2.02$4.56$1.04$0.97$0.08
2015Summary only. Only limited summary data is available for this year.$6.66$2.18$4.48$1.82$1.08$0.74
2014Summary only. Only limited summary data is available for this year.$5.85$2.09$3.76$0.89$0.87$0.01
2013Summary only. Only limited summary data is available for this year.$5.84$2.09$3.75$1.57$1.14$0.44
2012Summary only. Only limited summary data is available for this year.$5.73$2.42$3.30$2.77$1.15$1.62