Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1990.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
85 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
31 people listed on the 990; $2.1M paid to officers and key staff.
Walter Moreau’s $404K as Exec. Director is at the 90th percentile of top reported officer pay among 676 $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
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Walter Moreau | $404,118 | $369,104 | $334,433 | $261,864 | $244,440 |
| Vicki McDonald | $224,817 | $214,206 | $185,428 | $181,465 | $171,641 |
| Ann Clift | $199,316 | $198,937 | $183,075 | $181,465 | $164,780 |
| Julian Huerta | — | — | — | $182,104 | $167,786 |
| Marisela Montoya | $160,157 | $157,119 | $123,294 | — | — |
| Sabrina Butler | $158,971 | $154,361 | $138,866 | $135,686 | $117,041 |
| Desiree Golden | $156,980 | $153,086 | $139,840 | $130,933 | $145,213 |
| Kathleen Peschel | $153,079 | $153,654 | $116,088 | — | — |
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.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Provides affordable housing paired with supportive social services, including free youth after-school programs, adult education, and college coaching for low-income families.
Questions for Foundation Communities INC
Your first name shows with your question. Foundation Communities INC answers here, for everyone.
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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.
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.
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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
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| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $27.5M | $30.9M |
| InvestmentsLn 11–13 | $17K | $16K |
| Land, buildings, equipmentLn 10c | $5.7M | $6.0M |
| Total assetsLn 16 | $236.6M | $262.9M |
| LiabilitiesLn 26 | $65.4M | $75.8M |
| Net assetsLn 32 | $171.2M | $187.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $1.1M | $1.1M | ||
| Pay of current officers, directors and key staffLn 5 | $1.5M | $1.5M | ||
| Pay of disqualified personsLn 6 | $19.3M | $15.9M | $2.5M | $955K |
| Pension plan contributionsLn 8 | $740K | $615K | $95K | $30K |
| Other employee benefitsLn 9 | $1.5M | $1.2M | $287K | $59K |
| Payroll taxesLn 10 | $1.6M | $1.3M | $163K | $73K |
| Legal feesLn 11b | $29K | $16K | $12K | |
| Accounting feesLn 11c | $16K | $3K | $13K | |
| Lobbying feesLn 11d | $49K | $44K | $5K | |
| Other fees for servicesLn 11g | $641K | $337K | $290K | $13K |
| Advertising and promotionLn 12 | $242K | $164K | $100 | $78K |
| Office expensesLn 13 | $142K | $118K | $19K | $5K |
| Information technologyLn 14 | $262K | $155K | $101K | $6K |
| OccupancyLn 16 | $823K | $525K | $292K | $7K |
| TravelLn 17 | $177K | $169K | $6K | $2K |
| InterestLn 20 | $1.6M | $1.6M | ||
| Payments to affiliatesLn 21 | $981K | $981K | ||
| Depreciation, depletion and amortizationLn 22 | $594K | $543K | $47K | $4K |
| InsuranceLn 23 | $156K | $131K | $19K | $6K |
| Other expenses (24a–d)Ln 24 | $2.5M | $2.4M | $103K | $38K |
| All other expensesLn 24e | $237K | $218K | $16K | $3K |
| Total functional expensesLn 25 | $34.1M | $28.9M | $3.9M | $1.3M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $50.0M | $34.1M | $15.9M | $187.1M | 990 PDF |
| FY2023 | $41.3M | $30.2M | $11.0M | $171.2M | 990 PDF |
| FY2022 | $44.3M | $27.2M | $17.1M | $160.2M | 990 PDF |
| FY2021 | $44.1M | $25.5M | $18.6M | $143.0M | 990 PDF |
| FY2020 | $31.0M | $22.6M | $8.4M | $124.5M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $50,038,857 revenue, 12 lines filed
Part VI · Governance 15 of 15 board members independent, 1 to look at
Part VIII · Statement of revenue $50,038,857 across 8 lines filed
Part IX · Statement of functional expenses $34,144,476 across 21 lines filed
Part X · Balance sheet $262,878,362 assets, 16 lines filed
Part XI · Reconciliation of net assets $187,070,795 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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