CommonBond CommunitiesA N N U A L R E P O R T 2 0 1 3

Welcome Home!

CommonBond is a nationally-recognized leader and innovator in the a�ordable housing

industry. It was one of the �rst housing providers to include services for residents - Advantage

Services - in its properties and to insist that its housing be a long-term asset to the surrounding

neighborhood. Engagement with the local community is a priority and point of di�erence for

CommonBond. �e organization has demonstrated that quality a�ordable housing combined

with on-site services can transform lives and communities.

CommonBond Communities

STABLE HOMES. STRONG FUTURES. VIBRANT COMMUNITIES.

651.291.1750 commonbond.org

InspiringUNCOMMON HEROES

Dear Partners and Friends,

�ere are so many inspiring stories of resident courage, hard work, and resiliency that rise out of CommonBond housing communities. �ese “uncommon heroes” overcome barriers, achieve milestones, and realize dreams because of the generosity of our many funders, partners, and friends. Quality, a�ordable housing linked to our Advantage Services is a powerful combination for changing lives and communities.

We hope you enjoy the CommonBond 2013 Annual Report. With your support and partnership, 2013 was perhaps the best year in the history of CommonBond, both �nancially and from the standpoint of impact. We thank you for your commitment to CommonBond and the almost 9,000 residents who call CommonBond home. �e need for what we do is great and CommonBond sta�, at every level, take that challenge and responsibility to deliver the organization’s mission seriously. We look forward to working with you to build stable homes, strong futures, and vibrant communities.

Warm regards,

Paul Fate, President & CEO �omas F. Jasper, 2013 Board Chair

2013Through new construction,

property acquisition, and rehabilitation of existing

properties, CommonBond opened 279 new housing units in 2013.

Almost 1,300 donors showed their commitment and changed

hundreds of lives in 2013 through support of our annual fund

and special events.

CommonBond Advantage Services staff spent over 11,500 service

hours with residents in 2013 helping adults and people with

disabilities maintain their housing, resolve individual and family crisis,

and remain independent and active.

104 Properties *47 Cities3 States5,530 Housing Units

The TallcornH O U S I N G P R O F I L E

Hotel Tallcorn �rst opened its doors on Main Street in Marshalltown, Iowa, in 1928. �e hotel was converted to market-rate housing andrenamed the Tallcorn Tower in the 1970s. Over time it fell into disrepair. Nearly 86 years after it �rst opened, the historic building has come full circle when CommonBond transformed the property into �e Tallcorn, a completely renovated, 49-unit, $11.3 million a�ordable housing development.

In keeping with historical requirements, CommonBond moved entire stairwell sections to their original locations and relocated the street entryways to replicate the historic exterior. Wherever possible, original historical details were preserved and integrated into architectural updates. �e hotel’s ballroom on the ground �oor was restored and building enhancements include a �tness room, community room, craft room, computer lab, Advantage Services and property management o�ces. �e hotel’s restaurant has become commercial retail space in an e�ort to attract more businesses to the neighborhood. Overall, �e Tallcorn is part of an enhancement and revitalization of Marshalltown’s historic Main Street.

�rough its Advantage Services program, CommonBond will o�er on-site services, such as counseling, case management and advocacy. A coordinator will work with local service providers to connect residents with any other services they may need. �e Tallcorn represents the best of what CommonBond does, including historical preservation and award-winning a�ordable housing, combined with life-enhancing services and community engagement. �is grand hotel is once again a valuable long-term asset to the community and the 49 families and individuals who call it home.

2 01 3 BY T H E N U M B E R S

* Includes af�liated & fee based

HERE’S TOvolunteers

Study Buddies exempli�es CommonBond’s commitment to

the communities we serve to provide not only safe, clean, and

affordable housing, but also supportive programs that

engage, enhance, and improve the lives of our residents.

You would be a great volunteer! Learn more at

commonbond.org/volunteerSENI

OR SU

PPOR

T

Wally Kammeier is a resident at CommonBond’s Norwood Square in Fridley, Minnesota. Despite being 86 years old, keeping up with Wally on any given day can be a challenge. He organizes “movie night” and leads the exercise class on Fridays; coordinates the straw bale garden in the summer; is in charge of an annual deep cleaning of all residents’ apartments; and is working with employees of Cummins to complete an energy audit of Norwood to see where they can cut costs. Wally believes it’s crucial to not only remain physically active, but to keep a focus on mental health in order to remain independent. As Wally stated, “We can all get in a rut, but especially for seniors who may have limited mobility or chronic health issues. I believe that the Advantage Services that CommonBond provides has helped to promote mental wellness with the residents.”

Your support in 2013 kept seniors stable, active, and independent!

In 2013, 708 seniors were

prevented fromnursing home

placement because ofAdvantage

Services focusedon their needs.

STUD

Y BUD

DIES

179 youth and volunteer mentors participated in the Study Buddies program

567 youth participated in the Homework Center

1,229 children and youth attended Summer Fun structured programs

174 children were enrolled in the Early Childhood Literacy Program

100% of youth made homework progress

71% of the kids below grade level in math/reading made progress

CommonBond provides on-site services that truly meet residents where they live, including youth. �e goal is to engage kids in quality, consistent, and intentional programs by partnering with parents, schools, community resources and, perhaps most importantly, volunteers. �e Study Buddies program, which engages volunteers with youth as homework mentors, has had measurable impact and success year after year. Youth in the program bene�t from weekly one-on-one tutoring while, at the same time, forming friendships with other “buddies” in the program.

Your support helped youth achieve new heights in 2013!

2 0 1 3 B Y T H E N U M B E R S

Buddies 90% of teens who participated in Advantage

Services programs moved on to higher education.

2,000 housing units stabilized, preserved, or built new

$25 million in social innovation funds raised

Providing focused resident services withclear outcomes

$4 million raised in annual contributions

$10 million Advantage Services endowment achieved

Inclusivity and diversity plan implemented

NeighborWorks America Green Certi�cation achieved

For a full copy of the CommonBond strategic plan visit commonbond.org or call 651.291.1750

L O O K I N G A H E A D

CommonBond recently completed a 2014-2016 strategic plan. Some of the key metrics include:

Ann and Bill Wernz have graciously included CommonBond in their annual giving for nearly 30 years. �eir desire to help provide a�ordable and safe housing is rooted in their strong belief that housing is a cornerstone for success in life. As Ann states, “Housing is absolutely critical, but having a stable and supportive community for a family is crucial. O�ering a stable home and showing

kids the vision of what a good education can do is a powerful combination.”

Our fundraising results in 2013 were exceptional

and, in some cases, unprecedented. We exceeded all

expectations in terms of operating support in 2013

by raising $2,726,159, which was up 18% over 2012.

Thank you . . .

Allyson Knudsen is a senior executive with Wells Fargo, a long-term partner of CommonBond. “We believe that the community is stronger and more vibrant because of CommonBond. Along with our �nancial support, Wells Fargo team members have found it deeply ful�lling to provide �nancial education to CommonBond residents. On a personal note, I strongly believe that we all have a

responsibility and an opportunity to help lift people up so that they can improve their economic situation and live productive full lives.”

REVENUEContributionsFees for Service Property Management Housing Development Advantage Services Other Fees & ReimbursementsGovernment GrantsInterest & DividendsProperty Related Gains/Misc

TOTAL REVENUE

EXPENSESProperty ManagementHousing DevelopmentAdvantage ServicesAsset ManagementCommunity EngagementSupportive Services

TOTAL EXPENSESChange in net assets before other income

OTHER INCOMERealized & Unrealized Gains on InvestmentsLoss from Partnerships

CHANGE IN NET ASSETS

$3,480

3,9744,5961,354

4371,238

5281,801

$17,408

$3,0941,3074,152

54919

1,682

$10,803

$6,605

659<65>

$7,199

Shoes By the DoorBECAUSE OF YOUR SUPPORT

2 0 1 3 B Y T H E N U M B E R S

*

*(In thousands)

2013 was a year of unprecedented support for CommonBond and the people we serve. Your donations and �nancial contributions meant that more families enjoyed the simple pleasure of having a front door and a place to set their shoes. A home that provides the safety, security, and stability that an individual or a family needs to organize and improve their lives.

CommonBond climbed to number39 of the top 50 affordable housing developers in 2013.39

With over 5,500 housing units, CommonBond is advancing its vision that every person deserves a digni�ed, affordable home.

BOARD OF DIRECTORS 2013

2013

Members

Margaret Belanger, CSJCarondelet Village

Mary BennettMorgan Stanley Wealth Management

Dana S. CottrellXcel Energy

Debora FrodlGE Capital

Kyle HansenU.S. Bank

Thomas J. HauschildThe TEGRA Group

Lori HumeWIPFLi

Tom JoyceDorsey & Whitney, LLP

Paul J. JungquistSit Investment Associates

Executive Committee

Thomas F. Jasper, ChairTCF Financial Corporation

Paul Fate, PresidentCommonBond Communities

Eduardo Padilla, Vice ChairNorthMarq Capital

William J. Cosgriff, SecretaryBriggs and Morgan, PA(Retired)

James Woell, TreasurerMcGladrey, LLP

Vicki DuncombDolan Media, The Dolan Company

Todd WilkinsonDatacard Group

Jane Windmeier Target Corporation

Allyson KnudsenWells Fargo Home Mortgage

James A. KumpTravelers

Rev. Kevin McDonoughChurch of Saint Peter Claver

Michele MeyerSmall Planet Foods, General Mills

Mark RauenhorstMarren Properties

Carleen RhodesMinnesota Philanthropy Partners

Tim SheehanBest Buy

Terri ThaoNexus Community Partners

Judith TitcombPulse Innovation

Richard WickaFrauenshuh HealthCare Real Estate Solutions

Arbor CommonsArbor Lakes Bassett Creek Bii Di Gain Dash Anwebi * Bloomington Family TownhomesBoulevard GardensCathedral Hill Homes Century TrailsCity Flats Commerce ApartmentsCommerce Historic Concordia ArmsCrown Ridge Apartments Delano CommonsDovetail CooperativeEast Shore PlaceEast Village Fair�eld TerraceFord House, Inc.Four Seasons Community HousingGarden TerraceGarden Terrace CommonsGoldendale HomesGranada Lakes Townhomes *Greenvale PlaceGreenwood Apartments of MinneapolisHoward Lake ApartmentsKingsley CommonsKosciolek HouseLake Shore Townhomes Lexington CommonsLinden Place Little Falls Meadowridge

Maple HillsMaple TerraceMaples ApartmentsMetro ApartmentsMount Carmel ManorMulberry FlatsNew Village North GablesNorwood SquareOak Ridge Assisted LivingOak Ridge ManorOak TerracePleasant Place ApartmentsRamsey CommonsRed Rock ManorRipple River TownhomesRiverview Apartments *Robbins Way Robert WillSt. Anne's CommunitySt. Michael'sSeward Tower East *Seward Tower West *Shingle Creek Silver Lake PointeSkyline Tower South HavenSouth Shore ParkSpruce Place of Farmington Success Family Housing Summit PointSunrise ManorTorre De San Miguel

Trails Edge Townhomes Valley Square CommonsVicksburg Commons   Views at City WalkVista VillageWellstone CommonsWestminster PlaceWestonka EstatesWhittier Community HousingWinnetka WestYorkdale Townhomes

Bishop's Creek Brewery PointFlorist GardensFranklin Senior HousingGlenbrook CommunityHistoric Hotel NorthernHistoric Teweles SeedRiver Mill Senior Residence

Bloomsbury VillageDes Moines Street VillageStewart Park ApartmentsStewart Park Townhomes * The MeadowsThe TallcornUnity Square Townhomes

C O M M O N B O N D P R O P E R T I E S 2 0 1 3

MINNESOTA

WISCONSIN

IOWA

* Denotes co-owned property

commonbond.org651.291.1750

MISSIONCommonBond Communities’ mission is to build stable homes, strong futures, and vibrant communities.

VISIONEvery person has a digni�ed, affordable home that supports independence and advancement within a �ourishing community.

VALUESRespect: We believe dignity, gratitude, and inclusiveness for all people are the foundation of our mission.

Integrity: We believe in taking responsibility for our actions and we are honest, transparent, and ethical in all aspects of our work.

Partnership: We believe diverse and strategic collaborations with others will maximize our impact with residents and communities.

Innovation: We believe in being a nimble, learning organization that resolves challenges through creative solutions.

Excellence: We believe in setting a high standard for quality, professionalism, and competence.