EIN 22-3051402

Common Capital

IRS 501(c) type
501(c)(3)
Num. employees
8
Year formed
1990
Most recent tax filings
2023-06-01
NTEE code, primary
Description
Common Capital, Inc. is a nonprofit community development financial institution certified by the U.S. Treasury Department. It works to improve the regional economy by providing business loans and technical assistance to help business owners and organizations establish and grow. The organization aims to strengthen local businesses and community organizations in Western Massachusetts, expand job opportunities, improve income levels, and offer direct access to alternative financing.
Also known as...
Western Massachusetts Enterprise Fund; Raymond Lanza-Weil
Total revenues
$1,986,861
2023
Total expenses
$1,483,397
2023
Total assets
$10,983,074
2023
Num. employees
8
2023

Program areas at Common Capital

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.

Who funds Common Capital

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Berkshire Bank FoundationSmall and Micro Business Lending and Business Assistance Expansion- Multi-Year$33,333
Community Foundation of Western MassachusettsGeneral Purpose$30,000
Peoplesbank Charitable FoundationExempt Purpose$25,000

Personnel at Common Capital

NameTitleCompensation
Raymond Lanza-WeilChief Executive Officer / President$127,593
Pascale DesirAssistant Clerk$0
Keith FaireyVice Chair / President and Chief Executive Officer$0
Linda DunlavyClerk / Board Member$0
James HicksonChair / President$0
...and 5 more key personnel

Financials for Common Capital

RevenuesFYE 06/2023
Total grants, contributions, etc.$1,485,120
Program services$499,536
Investment income and dividends$2,205
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,986,861

Form 990s for Common Capital

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-06990View PDF
2022-062024-05-16990View PDF
2021-062022-04-01990View PDF
2021-062022-03-18990View PDF
2020-062021-05-11990View PDF
...and 10 more Form 990s
Data update history
August 19, 2024
Posted financials
Added Form 990 for fiscal year 2022
August 11, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 2, 2024
Updated personnel
Identified 4 new personnel
May 19, 2024
Received grants
Identified 2 new grant, including a grant for $30,000 from Community Foundation of Western Massachusetts
October 23, 2023
Received grants
Identified 2 new grant, including a grant for $33,333 from Berkshire Bank Foundation
Nonprofit Types
Business and community development organizationsCommunity Development Financial InstitutionsCharities
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
LobbyingState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
1780 Main St
Springfield, MA 01103
Metro area
Springfield, MA
County
Hampden County, MA
Website URL
common-capital.org/ 
Phone
(413) 233-1680
IRS details
EIN
22-3051402
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1990
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
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