EIN 74-2563260

Foundation Communities

IRS 501(c) type
501(c)(3)
Num. employees
784
City
State
Year formed
1990
Most recent tax filings
2022-12-01
Description
Providing attractive, affordable homes and support services for thousands of low-income families and individuals, empowering them with the tools they need to succeed.
Related structure
Foundation Communities is a parent organization to a group of 52 other organizations.
Total revenues
$44,338,510
2022
Total expenses
$27,216,921
2022
Total assets
$222,576,163
2022
Num. employees
784
2022

Program areas at Foundation Communities

OPENING DOORS TO HOMES - AFFORDABLE HOUSING PLUS SUPPORTIVE SERVICESImprove community stability by providing affordable housing for low income residents(3,733 units at 26 affordable housing communities in Austin, Dallas-Fort Worth) Pursued new acquisitions of affordable housing. Case managers provide support to 188 families at or below 30% Median Family Income(CHI program) and 859 individuals living in our SRO communities, 50% of whom were formerly homeless. Case management supports promote housing stability, physical and mental health well-being. Services include access to basic needs, medical and behavioral health services, tools and supports to increase income,community building activities, parenting support, school advocacy and career case management. Property operations are reported at Group Affiliates Form 990 (Tax ID#74-2678601)
LEARNING IN A COMMUNITY494 children took part in free after-school and summer learning center programs including pre-K, elementary and teen programs. Additionally, adults are provided with onsite and virtual ESL, digital literacy support, as well as college and career coaching. 321 adults participated in our Adult Education Programs, including 251 ESL, 50 Digital Literacy and 20 through our college humanities class, FreeMinds. The College HUB provided college support services to 623 students and staff facilitated 59 community events connecting with 1,676 total attendees.
PROSPER CENTER PROGRAMS-TAX HELP, HEALTH COVERAGE, FINANCIAL WELLNESS & COLLEGE HUB Foundation Communities' Community Tax Help programs in Austin, Dallas and Arlington provided free income tax return preparation services for low-income taxpayers that received $40 million in tax refunds. More than 300 staff and volunteers prepared 23,386 tax returns. The Health Coverage program helped 4,366 people enroll in health insurance, claiming $26.5 million in premium tax credits. Financial Wellness services provided for 204 residents received more than $450,000 in emergency rent or utility assistance funds and 114 residents enrolled in a program designed to improve their credit scores.

Who funds Foundation Communities

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
St David's Foundation (SDF)Health Access Grant$4,222,533
NeighborWorks AmericaGeneral Support$476,500
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$470,675
...and 76 more grants received totalling $8,676,699

Personnel at Foundation Communities

NameTitleCompensation
Ann CliftChief Financial Officer$183,075
Marisela MontoyaChief Product Officer$123,294
Walter MoreauExecutive Director$334,433
Mandy LewisDirector Asset Management$113,191
Megan MatthewsDirector Design Devel. / Director of Design / Director Design Dev.$107,725
...and 16 more key personnel

Financials for Foundation Communities

RevenuesFYE 12/2022
Total grants, contributions, etc.$30,951,700
Program services$8,952,776
Investment income and dividends$4,434,034
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$44,338,510

Form 990s for Foundation Communities

Fiscal year endingDate received by IRSFormPDF link
2022-122023-09-12990View PDF
2021-122022-08-16990View PDF
2020-122021-09-03990View PDF
2019-122021-02-09990View PDF
2018-122019-10-28990View PDF
...and 10 more Form 990s
Data update history
October 28, 2023
Posted financials
Added Form 990 for fiscal year 2022
October 27, 2023
Updated personnel
Identified 6 new personnel
October 25, 2023
Received grants
Identified 12 new grant, including a grant for $476,500 from NeighborWorks America
August 19, 2023
Received grants
Identified 52 new grant, including a grant for $3,496,333 from St David's Foundation (SDF)
July 17, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Housing and shelter organizationsHeadquarter / parent organizationsCharities
Issues
Human servicesHousing
Characteristics
Political advocacyLobbyingReceives government fundingCommunity engagement / volunteeringTax deductible donations
General information
Address
3000 S Ih 35 Suite 300
Austin, TX 78704
Metro area
Austin-Round Rock-Georgetown, TX
County
Travis County, TX
Website URL
foundcom.org/ 
Phone
(512) 447-2026
Facebook page
FoundationCommunities 
Twitter profile
@foundcom 
IRS details
EIN
74-2563260
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1990
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L20: Housing Development, Construction, Management
NAICS code, primary
62422: Community Housing Services
Parent/child status
Parent of group exemption
Central organization
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