EIN 74-2563260

Foundation Communities

IRS 501(c) type
501(c)(3)
Num. employees
823
City
State
Year formed
1990
Most recent tax filings
2023-12-01
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
$41,254,625
2023
Total expenses
$30,230,380
2023
Total assets
$236,619,309
2023
Num. employees
823
2023

Program areas at Foundation Communities

OPENING DOORS TO HOMES - AFFORDABLE HOUSING PLUS SUPPORTIVE SERVICESImprove community stability by providing affordable housing for low income residents(3,970 units at 28 affordable housing communities in Austin, Dallas-Fort Worth) Pursued new acquisitions of affordable housing. Case managers provide support to 224 families at or below 30% Median Family Income(CHI program) and 969 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 COMMUNITY503 children took part in free after-school and summer learning center programs for elementary and 77 participated in teen out of school time programs. Additionally, adults are provided with onsite and virtual ESL, digital literacy support, as well as college and career coaching. 386 adults participated in our Adult Education Programs, including 330 ESL, 56 Digital Literacy. The College HUB provided college support services to 996 students through individual appointments and secured $419,649 in grants and scholarships. The team facilitated or participated in 35 total community events, connecting with 2,857 total attendees with 104 Succeed students and 610 student appointments. Our Career Project served 179 individuals in the past year.
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 523 staff and volunteers prepared 27,092 tax returns. The Health Coverage program helped 5,717 people enroll in health insurance, claiming $32 million in premium tax credits. Using our Financial Wellness services, 260 residents received more than $240,000 in emergency rent or utility assistance funds and 214 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
WaterStoneGeneral Support$1,000,000
NeighborWorks AmericaGeneral Support$520,250
...and 67 more grants received totalling $9,305,587

Personnel at Foundation Communities

NameTitleCompensation
A. CliftChief Financial Officer
Kathleen PeschelChief People and Administrative Officer$153,654
Marisela MontoyaChief Program Officer$157,119
Kristen VassalloChief Revenue Officer
Sabrina ButlerChief Real Estate Development Officer$154,361
...and 49 more key personnel

Financials for Foundation Communities

RevenuesFYE 12/2023
Total grants, contributions, etc.$26,062,451
Program services$10,123,946
Investment income and dividends$4,999,522
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$68,706
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$41,254,625

Form 990s for Foundation Communities

Fiscal year endingDate received by IRSFormPDF link
2023-122024-07-18990View PDF
2022-122023-09-12990View PDF
2021-122022-08-16990View PDF
2020-122021-09-03990View PDF
2019-122021-02-09990View PDF
...and 11 more Form 990s

Organizations like Foundation Communities

OrganizationLocationRevenue
Reach Community DevelopmentPortland, OR$25,254,357
New Destiny Housing CorporationNew York, NY$10,782,857
Champlain Housing TrustBurlington, VT$50,180,184
Midwest Housing Equity Group (MHEG)Omaha, NE$19,164,596
Accessible Space (ASI)Saint Paul, MN$30,017,732
Jewish Apartments and ServicesSouthfield, MI$14,725,881
Shelter HouseFairfax, VA$15,166,156
Community Solutions InternationalNew York, NY$29,723,761
Arbor Housing and DevelopmentCorning, NY$13,538,091
Chinatown Community Development CenterSan Francisco, CA$32,240,314
Data update history
October 4, 2024
Updated personnel
Identified 35 new personnel
September 1, 2024
Posted financials
Added Form 990 for fiscal year 2023
September 1, 2024
Updated personnel
Identified 2 new personnel
August 25, 2024
Received grants
Identified 18 new grant, including a grant for $1,000,000 from WaterStone
May 18, 2024
Received grants
Identified 2 new grant, including a grant for $48,400 from United Way of Tarrant County
Nonprofit Types
Housing and shelter organizationsHeadquarter / parent organizationsCharities
Issues
Human servicesHousing
Characteristics
Political advocacyLobbyingReceives government fundingCommunity engagement / volunteeringTax deductible donationsAccepts online 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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