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COMMON CAPITAL INC

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Public nonprofit record

COMMON CAPITAL INC

EIN 22-3051402 · Community Improvement & Capacity Building (S430)

What they do

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.

Money

Financial picture

Tax year 2024
Revenue$1,768,948
Expenses$1,797,966
Assets$11,930,932
Income$1,768,948
Contributions$838,111
Management$253,501
Executive compensation$139,060
Accounting fees$6,314

About this charity

Recognized since
January 1990
Location
1780 MAIN STREET, SPRINGFIELD, MA 01103
County
Hampden
In care of
RAYMOND LANZA-WEIL
Primary officer
RAYMOND LANZA-WEIL, PRESIDENT

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
DANIEL DENNIS AND COMPANY LLP
NTEE classification
Community Improvement & Capacity Building (S430)
IRS tax category
Other Management Consulting Services
More public IRS record details

These are classification codes from the organization’s public nonprofit record.

Subsection
03
Affiliation
3
Classification
1000
Deductibility
1
Foundation
15
Activity
602000000
Organization
1
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About this report: Information comes from public nonprofit records and may show the latest filing available.

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