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Nonprofit · EIN 74-2563260

FOUNDATION COMMUNITIES INC

Tax-exempt · AUSTIN, TX 78704

Financials

$50M$34.1M2024
Revenue Expenses · by fiscal year end
Financials of FOUNDATION COMMUNITIES INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$50,038,857$34,144,476$15,894,381$262,878,362$75,807,567$187,070,795
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$31,297,900
of which government grants
$8,034,459
Program service revenue
$13,269,413
Investment income
$5,471,544
Other revenue
$0

Expenses

Grants and similar amounts paid
$1,053,875
Compensation of officers, directors and key employees
$1,486,276
Salaries, compensation and benefits (total)
$24,618,115
Professional fundraising fees
$0
Legal fees
$28,695
Accounting fees
$16,171
Occupancy
$823,141
Travel
$176,802
Depreciation
$594,132
Program services (functional)
$28,940,398
Management and general (functional)
$3,926,104
Fundraising (functional)
$1,277,974

Balance sheet and other

Total assets, start of year
$236,619,309
Total assets, end of year
$262,878,362
Total liabilities, end of year
$75,807,567
Net assets, end of year
$187,070,795
Land, buildings and equipment
$5,963,739
Net assets without donor restrictions
$158,898,020
Net assets with donor restrictions
$28,172,775
Gross receipts
$50,038,857
Employees
821
Volunteers
3,384
Year formed
1990
State of legal domicile
TX

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
WALTER MOREAUEXEC. DIRECTOR
Officer
40$404,118$25,994
VICKI MCDONALDCHIEF REO
Officer
40$224,817$16,739
ANN CLIFTCFO
Officer
40$199,316$15,473
MARISELA MONTOYACHIEF PROG. OFR
Officer
40$160,157$13,063
SABRINA BUTLERDIR. R.E. DEVELOP.
Officer
40$158,971$13,897
DESIREE GOLDENDIR. PROP. MGMT.
Highest-paid employee
40$156,980$12,726
KATHLEEN PESCHELCPAO
Officer
40$153,079$13,356
JULIE CANDOLIDIR. INST. GIVING
Highest-paid employee
40$135,863$12,192
KRISTEN VASSALLOCHIEF REVENUE OFFICER
Officer
40$139,366$3,432
MANDY LEWISDIR. ASSET MGMT
Highest-paid employee
40$122,486$6,727
MARY C YOUNGDIR. SUPP. HOUSING
Highest-paid employee
40$121,165$6,683
TILLIE CROXDALEDIR. HOUSING DEV.
Highest-paid employee
40$114,363$11,215
NED ISLEIBCFO
Officer
40$39,721$466
TRACY TOMBARICHIEF PROPERTY OFFICER
Officer
40$6,731$0
ANGELA HERRONBOARD MEMBER
Trustee or director
5$0$0
16 more people on this return
NameTitleHours / weekCompensation
JASON RENEAUBOARD MEMBER
Trustee or director, Officer
5$0
ESTRELLITA DOOLINBOARD MEMBER
Trustee or director, Officer
5$0
ANGELIQUE GOODNOUQHSECRETARY
Trustee or director
5$0
TIFFANY NICELY-WILLIAMSBOARD MEMBER
Trustee or director
5$0
JEWEL ARRINGTONCHAIR
Trustee or director
5$0
BANAFSHEH JALALIBOARD SECRETARY
Trustee or director
5$0
DARILYNN CARDONA-BEILERBOARD MEMBER
Trustee or director
5$0
ANDREW CLEMENTSBOARD MEMBER
Trustee or director
5$0
MICHAEL FURROWBOARD MEMBER
Trustee or director
5$0
ELLIE ACUNABOARD MEMBER
Trustee or director
5$0
BETTY WARRENBOARD MEMBER
Trustee or director
5$0
JOHN RIPPELBOARD MEMBER
Trustee or director
5$0
SELINA SERNATREASURER
Trustee or director, Officer
5$0
ERIKA LEVACKBOARD MEMBER
Trustee or director
5$0
ANITA SALMONBOARD MEMBER
Trustee or director
5$0
AYANNA BURNSBOARD MEMBER
Trustee or director
5$0

Address and contacts

Address (IRS master file)
3000 S IH-35 STE 300, AUSTIN, TX 78704-6536
Principal officer (990 for 2024)
WALTER MOREAU, 3000 S IH 35 SUITE 300, AUSTIN, TX 78704
Signed the 990
WALTER MOREAU, EXECUTIVE DIRECTOR
Phone
(512) 447-2026
Return prepared by
NOVOGRADAC & COMPANY LLP

Mission

CREATING HOUSING WHERE FAMILIES SUCCEED. AFFORDABLE HOUSING WITH SUPPORTIVE SOCIAL SERVICES TO EDUCATE, SUPPORT AND IMPROVE THE FINANCIAL STANDING OF THE WORKING POOR AND THEIR COMMUNITIES.

990 for the year ended December 31, 2024

Program accomplishments

  • OPENING DOORS TO HOMES - AFFORDABLE HOUSING AND SUPPORTIVE SERVICESIMPROVE COMMUNITY STABILITY BY PROVIDING AFFORDABLE HOUSING FOR LOW-INCOME RESIDENTS 4395 UNITS AT 32 AFFORDABLE HOUSING COMMUNITIES IN AUSTIN, NORTH TEXAS AREA) CASE MANAGERS PROVIDE SUPPORT TO 242 FAMILIES AT OR BELOW 30% MEDIAN FAMILY INCOME (CHI PROGRAM) OR WHICH WERE FORMERLY HOMELESS. LAST YEAR, 969 INDIVIDUALS LIVED IN OUR SRO COMMUNITIES, OVER 53% OF WHOM WERE FORMERLY HOMELESS. CASE MANAGERS IN OUR SUPPORTIVE HOUSING COMMUNITIES FOR SINGLE ADULTS FOCUS THEIR WORK ON 6 MAIN AREAS OF SUPPORT INCLUDING PRIMARY/DENTAL CARE, BEHAVIORAL HEALTH, HOUSING STABILITY, INCOME STABILITY, SOCIAL CONNECTEDNESS AND EDUCATION/EMPLOYMENT. CASE MANAGEMENT FOR FAMILIES IS COMMITTED TO PROVIDING COMPREHENSIVE SERVICES THAT MEET THE DIVERSE NEEDS OF EVERY FAMILY MEMBER WITHIN EACH HOUSEHOLD. WE UTILIZE A TRAUMA-INFORMED APPROACH TO SUPPORT, EMPHASIZING SELF-DETERMINATION AND THE DEVELOPMENT OF SMART GOALS TO EMPOWER FAMILIES. OUR CASE MANAGERS EXPERTLY APPLY TECHNIQUES FROM BOTH THE PROGRESSIVE ENGAGEMENT AND INTENSIVE FINANCIAL STABILITY MODELS, ALLOWING THEM TO TAILOR THEIR METHODS TO FIT THE UNIQUE CIRCUMSTANCES OF EACH RESIDENT.THE CHILDREN'S HOME INITIATIVE PROGRAM FOCUSES ON FOSTERING LONG-TERM SUCCESS IN KEY AREAS, INCLUDING HOUSING STABILITY, FINANCIAL SECURITY, CHILDREN'S HEALTH AND WELL-BEING, EDUCATION, EMPLOYMENT, AND MENTAL AND PHYSICAL HEALTH. FROM THE MOMENT FAMILIES MOVE INTO THEIR HOMES, WE OFFER A VARIETY OF VALUABLE SERVICES, INCLUDING ACCESS TO BASIC NEEDS, MEDICAL AND BEHAVIORAL HEALTH SERVICES, RESOURCES TO INCREASE INCOME, COMMUNITY-BUILDING INITIATIVES, PARENTING AND FINANCIAL EDUCATION SUPPORT, SCHOOL ADVOCACY, ADULT EDUCATION OPPORTUNITIES, AFTER-SCHOOL PROGRAMMING, AND CAREER GUIDANCE . PROPERTY OPERATIONS ARE REPORTED AT GROUP AFFILIATES FORM 990 (TAX ID#74-2678601)
    Expenses $16,524,142 · grants $965,034
  • PROSPER CENTER PROGRAMS - TAX HELP, HEALTH COVERAGE, FINANCIAL WELLNESSFOUNDATION COMMUNITIES' COMMUNITY TAX HELP PROGRAMS IN AUSTIN, DALLAS AND ARLINGTON PROVIDED FREE INCOME TAX RETURN PREPARATION SERVICES FOR LOW-INCOME TAXPAYERS THAT RECEIVED $42,971,618 MILLION IN TAX REFUNDS. MORE THAN 741 STAFF AND VOLUNTEERS PREPARED 30,550 TAX RETURNS. THE HEALTH COVERAGE PROGRAM HELPED 5,421 PEOPLE ENROLL IN HEALTH INSURANCE, CLAIMING $40,184,216 IN PREMIUM TAX CREDITS. ADDITIONALLY, THE HEALTH COVERAGE AND BENEFITS ASSISTANCE PROGRAMS HELPED 2,160 PEOPLE APPLY FOR CHIP OR MEDICAID. USING OUR FINANCIAL WELLNESS SERVICES, 212 RESIDENTS RECEIVED MORE THAN $199,914 IN EMERGENCY RENT OR UTILITY ASSISTANCE FUNDS AND 501 RESIDENTS PARTICIPATED IN A PROGRAM DESIGNED TO IMPROVE THEIR CREDIT SCORES.
    Expenses $4,864,804
  • LEARNING IN A COMMUNITY - YOUTH AND ADULT LEARNING546 ELEMENTARY CHILDREN TOOK PART IN FREE AFTER-SCHOOL AND SUMMER LEARNING CENTER PROGRAMS FOR ELEMENTARY AND 62 PARTICIPATED IN TEEN OUT OF SCHOOL TIME PROGRAMS. ADDITIONALLY, ADULTS ARE PROVIDED WITH ONSITE AND VIRTUAL ESL CLASSES, DIGITAL LITERACY SUPPORT, AS WELL AS COLLEGE AND CAREER COACHING. 275 ADULTS PARTICIPATED IN OUR ADULT EDUCATION PROGRAMS, INCLUDING 179 THROUGH ESL, AND 96 THROUGH DIGITAL LITERACY. THE COLLEGE HUB PROVIDED COLLEGE SUPPORT SERVICES TO 796 STUDENTS THROUGH INDIVIDUAL APPOINTMENTS AND SECURED $985,284 IN GRANTS AND SCHOLARSHIPS. THE TEAM FACILITATED OR PARTICIPATED IN 22 TOTAL COMMUNITY EVENTS, CONNECTING WITH 1,287 TOTAL ATTENDEES. 138 SUCCEED STUDENTS WITH 1340 STUDENT APPOINTMENTS. OUR CAREER PROJECT SERVED 113 NEW INDIVIDUALS IN THE PAST YEAR.
    Expenses $5,002,221 · grants $26,770
  • HEALTHY LIVING - HEALTH AND WELLNESS SUPPORTIVE PROGRAMMING IS PROVIDED AT NO COST TO RESIDENTS AND THE COMMUNITY. SERVICES AND PROGRAMS INCLUDE HEALTH EDUCATION, PHYSICAL FITNESS, ON-SITE HEALTHY FOOD PANTRIES, HEALTH SCREENINGS AND VACCINATIONS, HEALTH COORDINATION/CHRONIC DISEASE MANAGEMENT THROUGH COMMUNITY HEALTH WORKERS AND EMPLOYEE WELLNESS PROGRAMMING. IN 2024, 13,778 PEOPLE PARTICIPATED IN HEALTH INITIATIVES PROGRAMMING WHICH INCLUDED 1,602 FITNESS AND HEALTH EDUCATION PARTICIPANTS AND 12,176 HEALTH AND NUTRITION SERVICE PARTICIPANTS. THE AUSTIN AND NORTH TEXAS FOOD PANTRIES PROVIDED 372,691 POUNDS OF FOOD IN 2024. ADDITIONALLY, 383 DOSES OF FLU VACCINE AND 51 DOSES OF COVID-19 VACCINE WERE PROVIDED AT ONSITE CLINICS.CREATING HOUSING WHERE FAMILIES SUCCEED. AFFORDABLE HOUSING WITH SUPPORTIVE SOCIAL SERVICES TO EDUCATE, SUPPORT AND IMPROVE THE FINANCIAL STANDING OF THE WORKING POOR AND THEIR COMMUNITIES.
    Expenses $2,549,231 · grants $62,071

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
74-2563260
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Group exemption
Exempt since
1990
Accounting year ends
December
Files
Form 990 or 990-EZ
Group exemption
7171 (57 member organizations)
Assets (IRS master file)
$262,878,362
Income (IRS master file)
$50,038,857

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990-TDecember 2024–––IRS
990December 2023$41,254,625$30,230,380$236,619,309IRS
990-TDecember 2023–––IRS
990December 2022$44,338,510$27,216,921$222,576,163IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about FOUNDATION COMMUNITIES INC

What is the EIN of FOUNDATION COMMUNITIES INC?
The employer identification number (EIN) of FOUNDATION COMMUNITIES INC is 74-2563260.
Is FOUNDATION COMMUNITIES INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
Are donations to FOUNDATION COMMUNITIES INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Group exemption).
Which annual return does FOUNDATION COMMUNITIES INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of FOUNDATION COMMUNITIES INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FOUNDATION COMMUNITIES INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of FOUNDATION COMMUNITIES INC?
The 990 for the year ended December 31, 2024 names WALTER MOREAU.
Who are the officers and directors of FOUNDATION COMMUNITIES INC?
The 990 for the year ended December 31, 2024 lists 31 people; 14 received compensation from the organization, the highest $404,118 (WALTER MOREAU, EXEC. DIRECTOR).
How much revenue does FOUNDATION COMMUNITIES INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $50,038,857, expenses of $34,144,476 and total assets of $262,878,362 at year end.

Organizations in its group exemption (57)

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