Foundation Communities INC
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
- Founded
- 1990
- Type
- Public charity (501(c)(3)) · Housing
- Location
- Austin, TX
- Website
- www.foundcom.org
- Filings
- 5 on file (2020–2024)
More identity details & actions ⌄
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
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
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Walter Moreau | $404,118 | — | — | — | — |
| Walter Moreau | — | $369,104 | $334,433 | $261,864 | $244,440 |
| Vicki McDonald | $224,817 | — | — | — | — |
| Vicki McDonald | — | $214,206 | $185,428 | $181,465 | $171,641 |
| Ann Clift | $199,316 | — | — | — | — |
| Ann Clift | — | $198,937 | $183,075 | $181,465 | $164,780 |
| Julian Huerta | — | — | — | $182,104 | $167,786 |
| Marisela Montoya | $160,157 | — | — | — | — |
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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Where the work happens
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.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
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 | 0.08% | — | — |
| Accounting fee ratio | 0.05% | — | — |
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.
Grants
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Filings & Schedule Manifest
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Sources
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