THE COMMONS FOUNDATION

EIN: 990862874 501(c)(3) Housing & Shelter

LITTLE COMPTON, RI

Total Revenue
$1,478,653
Total Expenses
$61,311
Total Assets
$1,415,105
Net Assets
$1,415,105
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2024
Legal Domicile
RI
Principal Officer
SUSAN TAYLOR
Phone
4012258286
Tax Period
2024-01-22 to 2024-12-31

THE COMMONS FOUNDATION, founded in 2024, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2024. The organization ran a surplus of $1.4M, a strong 96% operating margin.

Mission

THE COMMONS FOUNDATION PROVIDES EDUCATIONAL PROGRAMS AND FUNDS TO HELP SIGNIFICANTLY INCREASE THE STOCK OF COMMUNITY HOUSING IN LITTLE COMPTON, RHODE ISLAND, FOCUSING ON HOME OWNERSHIP FOR THE WORKING MIDDLE INCOME, SENIORS, LOCAL WORKFORCE, AND PROVIDE COMMUNITY EDUCATION IN THE FINANCIAL IMPLICATIONS OF HOME OWNERSHIP.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,478,653
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,478,653

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $846
Program Expenses $58,984
Other Expenses $61,311
TOTAL EXPENSES $61,311

Year-over-Year Comparison

2024 2023 Change
Revenue $1,478,653 N/A N/A
Expenses $61,311 N/A N/A
Net Income $1,417,342 N/A N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER ALDRICH DIRECTOR 5.00
Director
$0 $0 $0
JOSEPH AZRACK CHAIRMAN 5.00
Officer Director
$0 $0 $0
NATHANIAL HOWE SECRETARY 10.00
Officer Director
$0 $0 $0
JAMES LOCK PRESIDENT 20.00
Officer Director
$0 $0 $0
AMY MOONEY VICE PRESIDE 2.00
Officer Director
$0 $0 $0
MARK REICHEN DIRECTOR 1.00
Director
$0 $0 $0
SUSAN TAYLOR TREASURER 2.00
Officer Director
$0 $0 $0
DEBORAH WILEY DIRECTOR 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $1,478,653 $61,311 $1,415,105 $1,417,342
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