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FOUNDATION COMMUNITIES INC

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Public IRS 990 nonprofit record

FOUNDATION COMMUNITIES INC

EIN 74-2563260 · Housing & Shelter (L20Z)

What they do

CREATING HOUSING WHERE FAMILIES SUCCEED. AFFORDABLE HOUSING WITH SUPPORTIVE SOCIAL SERVICES to EDUCATE, SUPPORT and IMPROVE THE FINANCIAL STANDING of THE WORKING POOR and THEIR COMMUNITIES.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $84.80 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders31 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

57.84%of revenue went to mission work84.8% of expenses · Program services
2.55%of revenue went to fundraising3.7% of expenses
$68.24spent for every $100 of revenueRevenue covered expenses this year.
7.85%of revenue went to management and office costs11.5% of expenses
$7.70in assets for every $1 spent this yearSome assets cannot be spent right away.
62.5%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $430,112 for WALTER MOREAU (EXEC. DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$50,038,857
Mission workProgram services$28,940,39857.84% of revenue84.8% of expenses
ManagementOffice and general costs$3,926,1047.85% of revenue11.5% of expenses
FundraisingAsking for donations$1,277,9742.55% of revenue3.7% of expenses
Revenue left after expensesReported annual surplus$15,894,38131.76% of revenueShown in gray on the chart
Total expenses$34,144,47668.24% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 84.8% mission · 11.5% management · 3.7% fundraisingTotal expenses: 68.24% of revenue
2023Expense mix: 86.0% mission · 9.7% management · 4.2% fundraisingTotal expenses: 73.28% of revenue
2022Expense mix: 86.8% mission · 8.8% management · 4.4% fundraisingTotal expenses: 61.38% of revenue
2021Expense mix: 72.8% mission · 22.4% management · 4.8% fundraisingTotal expenses: 57.88% of revenue
2020Expense mix: 71.1% mission · 24.4% management · 4.5% fundraisingTotal expenses: 72.86% of revenue
2019Expense mix: 71.7% mission · 23.2% management · 5.1% fundraisingTotal expenses: 58.23% of revenue
2018Expense mix: 70.1% mission · 23.7% management · 6.2% fundraisingTotal expenses: 95.27% of revenue
2017Expense mix: 72.2% mission · 22.4% management · 5.4% fundraisingTotal expenses: 62.97% of revenue

Money in and money out

Revenue$50,038,857
Expenses$34,144,476
Annual surplus $15,894,381 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$28,940,398 · 84.8% of expenses
Management and office costs$3,926,104 · 11.5% of expenses
Fundraising$1,277,974 · 3.7% of expenses
See all reported dollar amounts
Revenue$50,038,857
Expenses$34,144,476
Assets$262,878,362
Income$50,038,857
Contributions$31,297,900
Mission work (program services)$28,940,398
Fundraising$1,277,974
Management and general$3,926,104
Executive compensation (total)$1,356,714
Accounting fees$16,171
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
WALTER MOREAUEXEC. DIRECTOR · 40 hrs/week $430,112Base $404,118 · Other $25,994
VICKI MCDONALDCHIEF REO · 40 hrs/week $241,556Base $224,817 · Other $16,739
ANN CLIFTCFO · 40 hrs/week $214,789Base $199,316 · Other $15,473
MARISELA MONTOYACHIEF PROG. OFR · 40 hrs/week $173,220Base $160,157 · Other $13,063
SABRINA BUTLERDIR. R.E. DEVELOP. · 40 hrs/week $172,868Base $158,971 · Other $13,897
DESIREE GOLDENDIR. PROP. MGMT. · 40 hrs/week $169,706Base $156,980 · Other $12,726
KATHLEEN PESCHELCPAO · 40 hrs/week $166,435Base $153,079 · Other $13,356
JULIE CANDOLIDIR. INST. GIVING · 40 hrs/week $148,055Base $135,863 · Other $12,192
KRISTEN VASSALLOCHIEF REVENUE OFFICER · 40 hrs/week $142,798Base $139,366 · Other $3,432
MANDY LEWISDIR. ASSET MGMT · 40 hrs/week $129,213Base $122,486 · Other $6,727
MARY C YOUNGDIR. SUPP. HOUSING · 40 hrs/week $127,848Base $121,165 · Other $6,683
TILLIE CROXDALEDIR. HOUSING DEV. · 40 hrs/week $125,578Base $114,363 · Other $11,215

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (31)

WALTER MOREAUEXEC. DIRECTOR

VICKI MCDONALDCHIEF REO

ANN CLIFTCFO

MARISELA MONTOYACHIEF PROG. OFR

SABRINA BUTLERDIR. R.E. DEVELOP.

DESIREE GOLDENDIR. PROP. MGMT.

KATHLEEN PESCHELCPAO

JULIE CANDOLIDIR. INST. GIVING

KRISTEN VASSALLOCHIEF REVENUE OFFICER

MANDY LEWISDIR. ASSET MGMT

MARY C YOUNGDIR. SUPP. HOUSING

TILLIE CROXDALEDIR. HOUSING DEV.

NED ISLEIBCFO

TRACY TOMBARICHIEF PROPERTY OFFICER

TIFFANY NICELY-WILLIAMSBOARD MEMBER

SELINA SERNATREASURER

JOHN RIPPELBOARD MEMBER

MICHAEL FURROWBOARD MEMBER

ANDREW CLEMENTSBOARD MEMBER

JEWEL ARRINGTONCHAIR

JASON RENEAUBOARD MEMBER

ESTRELLITA DOOLINBOARD MEMBER

ERIKA LEVACKBOARD MEMBER

ELLIE ACUNABOARD MEMBER

DARILYNN CARDONA-BEILERBOARD MEMBER

BETTY WARRENBOARD MEMBER

BANAFSHEH JALALIBOARD SECRETARY

AYANNA BURNSBOARD MEMBER

ANITA SALMONBOARD MEMBER

ANGELIQUE GOODNOUQHSECRETARY

ANGELA HERRONBOARD MEMBER

About this charity

Recognized since
January 1990
Location
3000 S IH-35 STE 300, AUSTIN, TX 78704-6536
County
Travis
In care of
WALTER MOREAU
Primary officer
WALTER MOREAU, EXECUTIVE DIRECTOR

How to reach them

WebsiteVisit the charity’s website Phone(512) 447-2026

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
NOVOGRADAC & COMPANY LLP
NTEE classification
Housing & Shelter (L20Z)
IRS tax category
Other Community Housing Services

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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