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Nonprofit · EIN 74-2678601

FOUNDATION COMMUNITIES

Also known as GROUP RETURN

Tax-exempt · AUSTIN, TX 78704

Financials

$39.3M$33.4M2024
Revenue Expenses · by fiscal year end
Financials of FOUNDATION COMMUNITIES by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$39,300,431$33,386,256$5,914,175$112,241,680$136,500,707-$24,259,027
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$13,017,048
Program service revenue
$25,998,764
Investment income
$284,619
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$3,953,999
Salaries, compensation and benefits (total)
$4,952,158
Professional fundraising fees
$0
Legal fees
$55,893
Accounting fees
$35,288
Travel
$3,916
Depreciation
$6,530,476
Program services (functional)
$33,386,256

Balance sheet and other

Total assets, start of year
$93,469,686
Total assets, end of year
$112,241,680
Total liabilities, end of year
$136,500,707
Net assets, end of year
-$24,259,027
Land, buildings and equipment
$99,339,417
Net assets without donor restrictions
-$25,584,027
Net assets with donor restrictions
$1,325,000
Gross receipts
$39,300,431
Employees
821
Volunteers
3,384
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 / weekCompensationFrom related orgsOther / benefits
WALTER MOREAUEXEC. DIRECTOR
Officer
40$0$404,118$25,994
VICKI MCDONALDCHIEF REO
Officer
40$0$224,817$16,739
ANN CLIFTCFO
Officer
40$0$199,316$15,473
MARISELA MONTOYACHIEF PROG. OFR
Officer
40$0$160,157$13,063
SABRINA BUTLERDIR. R.E. DEVELOP.
Officer
40$0$158,971$13,897
DESIREE GOLDENDIR. PROP. MGMT.
Highest-paid employee
40$0$156,980$12,726
KATHLEEN PESCHELCPAO
Officer
40$0$153,079$13,356
JULIE CANDOLIDIR. INST. GIVING
Highest-paid employee
40$0$135,863$12,192
KRISTEN VASSALLOCHIEF REVENUE OFFICER
Officer
40$0$139,366$3,432
MANDY LEWISDIR. ASSET MGMT
Highest-paid employee
40$0$122,486$6,727
MARY C YOUNGDIR. SUPP. HOUSING
Highest-paid employee
40$0$121,165$6,683
TILLIE CROXDALEDIR. HOUSING DEV.
Highest-paid employee
40$0$114,363$11,215
NED ISLEIBCFO
Officer
40$0$39,721$466
TRACY TOMBARICHIEF PROPERTY OFFICER
Officer
40$0$6,731$0
JEWEL ARRINGTONCHAIR
Trustee or director
5$0$0$0
16 more people on this return
NameTitleHours / weekCompensation
ERIKA LEVACKBOARD MEMBER
Trustee or director
5$0
SELINA SERNATREASURER
Trustee or director, Officer
5$0
JOHN RIPPELBOARD MEMBER
Trustee or director
5$0
BETTY WARRENBOARD MEMBER
Trustee or director
5$0
ELLIE ACUNABOARD MEMBER
Trustee or director
5$0
MICHAEL FURROWBOARD MEMBER
Trustee or director
5$0
ANDREW CLEMENTSBOARD MEMBER
Trustee or director
5$0
DARILYNN CARDONA-BEILERBOARD MEMBER
Trustee or director
5$0
BANAFSHEH JALALIBOARD SECRETARY
Trustee or director
5$0
ANITA SALMONBOARD MEMBER
Trustee or director
5$0
TIFFANY NICELY-WILLIAMSBOARD MEMBER
Trustee or director
5$0
ANGELIQUE GOODNOUQHSECRETARY
Trustee or director
5$0
AYANNA BURNSBOARD MEMBER
Trustee or director
5$0
JASON RENEAUBOARD MEMBER
Trustee or director, Officer
5$0
ANGELA HERRONBOARD MEMBER
Trustee or director
5$0
ESTRELLITA DOOLINBOARD MEMBER
Trustee or director, Officer
5$0

Address and contacts

Address (IRS master file)
3000 S IH-35 SUITE 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

  • AFFORDABLE HOUSING & SUPPORTIVE SERVICESIMPROVE OVERALL COMMUNITY STABILITY BY PROVIDING AFFORDABLE HOUSING ALTERNATIVES FOR LOW-INCOME RESIDENTS AND EDUCATIONAL SERVICES TO EXPAND OPPORTUNITIES FOR THEM (3,300 MULTI-FAMILY UNITS AND 1,095 SRO HOUSING UNITS). PROPERTIES ARE MANAGED AND SUPERVISED BY FOUNDATION COMMUNITIES, INC. - SEE SEPARATE FORM 990 (TAX ID #74-2563260). ON-SITE LEARNING CENTERS PROVIDE FREE AFTER-SCHOOL AND SUMMER LEARNING PROGRAMS FOR CHILDREN. ADULTS ARE PROVIDED WITH ESL, FINANCIAL LITERACY, EXERCISE AND HEALTHY LIVING CLASSES. SOCIAL WORK CASE MANAGERS PROVIDE INDIVIDUAL CASE MANAGEMENT TO FAMILIES AT OR BELOW 30% OF MEDIAN FAMILY INCOME TO ADDRESS ISSUES THAT RISK STABILITY IN THE HOUSEHOLD. ADDITIONAL CASE MANAGEMENT SERVICES PROVIDED FOR COMMUNITIES THAT HOUSE INDIVIDUALS THAT HAVE PREVIOUSLY BEEN HOMELESSNESS.
    Expenses $33,386,256

What it must file and when

IRS records say it files Group return. Included in a group return filed by its parent. 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
74-2678601
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Exempt since
1990
Accounting year ends
December
Files
Group return
Assets (IRS master file)
$112,241,680
Income (IRS master file)
$39,300,431

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$25,916,885$26,233,144$93,469,686IRS
990December 2022$24,735,536$25,393,485$84,244,765IRS
990December 2021$25,689,954$24,364,521$78,215,940IRS
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

What is the EIN of FOUNDATION COMMUNITIES?
The employer identification number (EIN) of FOUNDATION COMMUNITIES is 74-2678601.
Is FOUNDATION COMMUNITIES tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
Which annual return does FOUNDATION COMMUNITIES file?
Form Group return. Included in a group return filed by its parent.
When is the next return of FOUNDATION COMMUNITIES 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 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?
The 990 for the year ended December 31, 2024 names WALTER MOREAU.
Who are the officers and directors of FOUNDATION COMMUNITIES?
The 990 for the year ended December 31, 2024 lists 31 people; 0 received compensation from the organization.
How much revenue does FOUNDATION COMMUNITIES have?
On its 990 for the year ended December 31, 2024 it reported revenue of $39,300,431, expenses of $33,386,256 and total assets of $112,241,680 at year end.

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