Foundation Communities

Organization Overview

Foundation Communities is located in Austin, TX. The organization was established in 1990. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Foundation Communities employed 721 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Foundation Communities is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Foundation Communities generated $25.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $24.4m during the year ending 12/2021. While expenses have increased by 3.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

AFFORDABLE HOUSING & SUPPORTIVE SERVICESIMPROVE OVERALL COMMUNITY STABILITY BY PROVIDING AFFORDABLE HOUSING ALTERNATIVES FOR LOW INCOME RESIDENTS AND EDUCATIONAL SERVICES TO EXPAND OPPORTUNITIES FOR THEM.(2,786 MULTI-FAMILY AND 859 SRO HOUSING UNITS) PROPERTIES ARE MANAGED AND SUPERVISED BY FOUNDATION COMMUNITIES, INC. - SEE SEPARATE FORM 990 (TAX ID#74-2563260) ON-SITE LEARNING CENTERS PROVIDE FREE AFTER-SCHOOL AND SUMMER LEARNING PROGRAMS FOR CHILDREN. ADULTS ARE PROVIDED WITH ESL, FINANCIAL LITERACY, EXERCISE AND HEALTHY LIVING CLASSES. SOCIAL WORK CASE MANAGERS PROVIDE INDIVIDUAL CASE MANAGEMENT TO FAMILIES AT OR BELOW 30% MEDIAN FAMILY INCOME TO ASSIST WITH ISSUES THAT RISK STABILITY IN THE HOUSEHOLD. ADDITIONAL CASE MANAGEMENT SERVICES PROVIDED FOR COMMUNITIES THAT HOUSE INDIVIDUALS THAT HAVE PREVIOUSLY BEEN HOMELESS.


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Board, Officers & Key Employees

Name (title)Compensation
Andrew Clements
Treasurer
$0
Jewel Arrington
Vice Chair
$0
Yvette Boatwright
Chair
$0
David Hart
Board Secretary
$0
Adrianna Cuellar Rojas
Chair
$0
Julian Huerta
Deputy Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Alpha Barnes Real Estate
Apt. Management
$109,630
3e1d Services Llc
Janitorial
$591,492
Central Texas Refuse Llc
Trash Removal
$185,399
Ijanitorial
Janitorial Svc.
$111,773
Complete Landscapes Inc
Landscape Services
$297,076
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$2,100,453
Government grants $1,772,306
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $3,872,759
Total Revenue from Contributions, Gifts, Grants & Similar$3,872,759
Total Program Service Revenue$21,757,708
Investment income $59,487
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $25,689,954

Grants Recieved

Over the last fiscal year, we have identified 48 grants that Foundation Communities has recieved totaling $1,985,873.

Awarding OrganizationAmount
Michael & Susan Dell Foundation

Austin, TX

PURPOSE: EMPOWERING CHILDREN AND FAMILIES TO ACHIEVE EDUCATIONAL SUCCESS AND FINANCIAL STABILITY

$666,000
Genevieve And Ward Orsinger Foundation

San Antonio, TX

PURPOSE: STRENGTHENING THE FAMILY UNIT/DUALGEN/COVID 19

$200,000
Genevieve And Ward Orsinger Foundation

San Antonio, TX

PURPOSE: 2022 STRENGTHENING THE FAMILY UNIT/DUAL GEN INITIATIVE

$200,000
Michael & Susan Dell Foundation

Austin, TX

PURPOSE: BOLSTERING REENGAGEMENT EFFORTS IN LOCAL COMMUNITIES DURING COVID-19

$125,000
Greater Texas Foundation

Bryan, TX

PURPOSE: TO SUPPORT TRANSFER, TRANSITION, AND ADVISING THROUGHOUT AUSTIN AND THE CENTRAL TEXAS REGION.

$120,833
Madrono Foundation

Denver, CO

PURPOSE: GENERAL SUPPORT

$100,000
View Grant Recipient Profile

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