Foundation Communities
Legal name: Foundation Communities Inc
Nonprofit profile at a glance
- EIN
- 742563260
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Austin, TX, US
- Phone
- (512) 447-2026
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $50,038,857
- Expenses
- $34,144,476
- Assets
- $262,878,362
- Liabilities
- $75,807,567
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
31 people listed
Highest reported compensation
- WALTER MOREAU (EXEC. DIRECTOR): $430,112 total reported compensation
- VICKI MCDONALD (CHIEF REO): $241,556 total reported compensation
- ANN CLIFT (CFO): $214,789 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Foundation Communities provides affordable homes and free on-site support services that empower families to achieve educational success, financial stability, and healthier lives.
What it reported doing in 2024
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. Last year, 969 individuals lived in our sro communities, over 53% of whom were formerly homeless. Case managers in our supportive housing communities for single adults focus their work on 6 main areas of support including primary/dental care, behavioral health, housing stability, income stability, social connectedness and education/employment. Case management for families is committed to providing comprehensive services that meet the diverse needs of every family member within each household. We utilize a trauma-informed approach to support, emphasizing self-determination and the development of smart goals to empower families. Our case managers expertly apply techniques from both the progressive engagement and intensive financial stability models, allowing them to tailor their methods to fit the unique circumstances of each resident.the children's home initiative program focuses on fostering long-term success in key areas, including housing stability, financial security, children's health and well-being, education, employment, and mental and physical health. From the moment families move into their homes, we offer a variety of valuable services, including access to basic needs, medical and behavioral health services, resources to increase income, community-building initiatives, parenting and financial education support, school advocacy, adult education opportunities, after-school programming, and career guidance . Property operations are reported at group affiliates form 990 (tax id#74-2678601)
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 93% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 87
- Accountability: 95
- Sustainability: 78
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 62.4%; rating input score 62
- Program expense ratio: 84.8%; rating input score 85
- Fundraising efficiency: $24.49 raised per $1 spent on fundraising; rating input score 62; 62nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 31.8%; rating input score 93; 93rd percentile among comparable filings
- Total-asset coverage ratio: 7.7; rating input score 89; 89th percentile among comparable filings
- Liabilities to assets ratio: 0.29; rating input score 57; 57th percentile among comparable filings
- Officer compensation ratio: 6.7%; rating input score 8; 8th percentile among comparable filings
Growth
- Program expense growth: 11.4% per year; rating input score 100; 79th percentile among comparable filings
- Revenue growth: 10.3% per year; rating input score 100; 78th percentile among comparable filings
- Asset growth: 10.5% per year; rating input score 100; 72nd percentile among comparable filings
Details
- What they do: 3 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 62.4% of revenue deployed · 84.8% of spending went to programs
- Governance: 15 of 15 board members independent · 8 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $28.9M in reported program spending
- Leadership: top reported pay $430K · 31 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $2.9M reported
- Consistency: 35 of 35 current checks pass
- Schedules: 10 filed schedules · includes major donors, grants, and executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 14 filed money-flow records
- Related organizations: 76 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Officer compensation ratio scored 8/100.
- Review — Sustainability: Liabilities to assets ratio scored 57/100.