Provides affordable housing paired with supportive social services, including free youth after-school programs, adult education, and college coaching for low-income families.
Provides affordable housing paired with supportive social services, including free youth after-school programs, adult education, and college coaching for low-income families.
For fiscal year 2024 it reported $50.0M in revenue, $34.1M in expenses, and $187.1M in net assets.Pt I
Where the money goes · FY2024
Total revenue
$50.0M
Pt VIII · Ln 12
Total expenses
$34.1M
Pt IX · Ln 25
Net assets
$187.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $15.9M
Where spending went · Part IX cols B–D
85%
Program services $0.85 Management & general $0.11 Fundraising $0.04
Program efficiency
85%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
11.4mo
months of highly liquid reserves at operating expense rate▼ -1% vs prior filing year
Surplus margin
+32%
revenue over expenses, this year▲ +19% vs prior filing year
Summary of the Filing
Part I · fiscal year 2024 · Form 990
Revenue
$50.0M
FY2024▲ +21%
$50.0M$25.0M$0
FY2020FY2024
Expenses
$34.1M
FY2024▲ +13%
$34.1M$17.1M$0
FY2020FY2024
Total assets
$262.9M
FY2024▲ +11%
$262.9M$131.4M$0
FY2020FY2024
Total liabilities
$75.8M
FY2024▲ +16%
$75.8M$37.9M$0
FY2020FY2024
Total revenue
$50.0M
Pt VIII · Ln 12
Total expenses
$34.1M
Pt IX · Ln 25
Net assets
$187.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$15.9M
Total assetsPt X · Ln 16$262.9M
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 415
Mission & Programs · Part III
Where the work happens
3 program services account for $26.4M of program spending, described in the organization's own filed words · FY2024.
01
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.
$16.5Mprogram expense
02
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.
$5.0Mprogram expense
03
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.
Walter Moreau’s $404K as Exec. Director
is at the 90th percentile of top reported officer pay among 672 $10–100M housing nonprofits.
Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
Individual Walter Moreau · Reported title EXEC. DIRECTOR · Highest reported compensation $404K · Total expenses $34.1M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $24.6M · Total expenses $34.1M
72%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
85%
—
—
Overhead ratio
11%
—
—
Fundraising cost ratio
4%
—
—
Revenue growth
21%
—
—
Legal fee ratio
0%
—
—
Accounting fee ratio
0%
—
—
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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