EIN 74-2678601

Foundation Communities Group Return

IRS 501(c) type
501(c)(3)
Num. employees
823
City
State
Year formed
1990
Most recent tax filings
2023-12-01
Description
Foundation Communities Group Return creates affordable housing and offers supportive social services to educate and empower low-income families and their communities. Their mission is to improve overall community stability by expanding opportunities for the working poor through affordable housing alternatives and educational services. They currently manage 2,786 multi-family units and 859 SRO housing units in Austin, TX.
Related structure
Foundation Communities Group Return is child organization, under the parent exemption from Foundation Communities.
Also known as...
Foundation Communities-Group Affiliates; Group Return
Total revenues
$25,916,885
2023
Total expenses
$26,233,144
2023
Total assets
$93,469,686
2023
Num. employees
823
2023

Program areas at Foundation Communities Group Return

AFFORDABLE HOUSING & SUPPORTIVE SERVICESImprove overall community stability by providing affordable housing alternatives for low income residents and educational services to expand opportunities for them.(2,874 multi-family and 859 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% median family income to assist with issues that risk stability in the household. Additional case management services provided for communities that house individuals that have previously been homeless.

Who funds Foundation Communities Group Return

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Trellis FoundationGeneral Operations$100,000
Dallas AfterschoolReplace Supplies After Winter Storm$20,000

Personnel at Foundation Communities Group Return

NameTitleCompensation
A. CliftChief Financial Officer
Kathleen PeschelChief People and Administrative Officer$0
Marisela MontoyaChief Program Officer$0
Kristen VassalloChief Revenue Officer
Sabrina ButlerChief Real Estate Development Officer$0
...and 48 more key personnel

Financials for Foundation Communities Group Return

RevenuesFYE 12/2023
Total grants, contributions, etc.$2,173,383
Program services$23,509,687
Investment income and dividends$233,815
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$25,916,885

Form 990s for Foundation Communities Group Return

Fiscal year endingDate received by IRSFormPDF link
2023-122024-10-24990View PDF
2022-122023-11-03990View PDF
2021-122023-03-24990View PDF
2020-122021-09-03990View PDF
2019-122021-07-08990View PDF
...and 10 more Form 990s
Data update history
November 6, 2024
Updated personnel
Identified 25 new personnel
September 21, 2024
Received grants
Identified 1 new grant, including a grant for $100,000 from Trellis Foundation
January 23, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 23, 2024
Updated personnel
Identified 5 new personnel
January 2, 2024
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Housing and shelter organizationsChapter / child organizationsCharities
Issues
Human servicesHousing
Characteristics
State / local levelCommunity 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
IRS details
EIN
74-2678601
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1990
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L21: Public Housing Facilities
NAICS code, primary
62422: Community Housing Services
Parent/child status
Child within group exemption
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