Overview
What is Foundation Communities Inc?
Foundation Communities Inc is a renowned nonprofit organization based in Austin, Texas. Their primary mission is to enhance community stability by offering affordable housing options for low-income residents. They currently manage 3,733 units across 26 affordable housing communities in Austin and Dallas-Fort Worth. The organization also pursues new acquisitions to expand their reach. Foundation Communities Inc goes beyond just providing shelter by offering supportive services. Case managers work with 1,047 families and individuals, including those at or below 30% Median Family Income, and those living in Single Room Occupancy (SRO) communities. A significant portion of the SRO residents were formerly homeless. The organization's case management services aim to promote housing stability and encourage physical and mental health well-being. They provide access to essential needs, medical and behavioral health services, income-increasing tools, community-building activities, parenting support, school advocacy, and career case management. Foundation Communities Inc's vision is to create an environment where families thrive by providing affordable housing and supportive social services, ultimately improving the financial standing of the working poor and their communities.
Official website here: www.foundcom.org
Is Foundation Communities Inc legitimate?
Foundation Communities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation Communities Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $942,318
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,179,628
For more financial information, click here
Official website here: www.foundcom.org
What is the mission statement of Foundation Communities Inc?
Foundation Communities Inc is dedicated to creating an environment where families can thrive by providing them with affordable housing and essential supportive services. Through this approach, the organization aims to improve the financial standing of the working poor and their communities. With over 3,733 units of affordable housing across 26 communities, Foundation Communities Inc has made strides in enhancing community stability. Their case management services, offered to families at or below 30% Median Family Income and individuals living in Single Room Occupancy (SRO) communities, provide vital support to ensure housing stability and promote physical and mental health well-being. These services encompass access to basic needs, medical and behavioral health care, income-increasing tools, community building activities, parenting support, school advocacy, and career development assistance.
Official website here: www.foundcom.org
Who is the CEO of Foundation Communities Inc?
Walter Moreau is the Exec. Director of Foundation Communities Inc.
Official website here: www.foundcom.org
What is the revenue of Foundation Communities Inc?
Foundation Communities Inc's revenue in 2022 was $44,338,510.
Official website here: www.foundcom.org
Who are the executives of Foundation Communities Inc and what are their salaries?
The average compensation at Foundation Communities Inc during 2022 was $20,564. There are 784 employees and 1,906 volunteers at Foundation Communities Inc.
Here are 24 key members and their salaries:
- Walter Moreau (Exec. Director)
- Vicki Mcdonald (Chief Reo)
- Ann Clift (Cfo)
- Desiree Golden (Dir. Prop. Mgmt.)
- Sabrina Butler (Dir. R.E. Develop.)
- Julie Candoli (Dir. Inst. Giving)
- Marisela Montoya (Cpo)
- Mandy Lewis (Dir. Asset Mgmt)
- Kathleen Peschel (Cpao)
- Mary C Young (Dir. Supp. Housing)
- Angela Herron (Board Member) [Trustee/Director]
- Jason Reneau (Board Member) [Trustee/Director]
- Estrellita Doolin (Board Member) [Trustee/Director]
- Angelique Goodnough (Vice Chair) [Trustee/Director]
- Tiffany Nicely-Williams (Board Member) [Trustee/Director]
- Jewel Arrington (Chair) [Trustee/Director]
- David Hart (Board Secretary) [Trustee/Director]
- Faye Goggins (Board Member) [Trustee/Director]
- Andrew Clements (Board Member) [Trustee/Director]
- Yvette Flores (Board Member) [Trustee/Director]
- Betty Warren (Board Member) [Trustee/Director]
- Phil Redmond (Board Member) [Trustee/Director]
- Selina Serna (Treasurer) [Trustee/Director]
- Adrianna Cuellar Rojas (Board Member) [Trustee/Director]
Official website here: www.foundcom.org
Where can I find the form 990 for Foundation Communities Inc?
The Foundation Communities Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.foundcom.org
Learn more at the official website: www.foundcom.org
Mission Statement of Foundation Communities Inc
Foundation Communities Inc, a renowned nonprofit organization, is dedicated to creating an environment where families can thrive. By providing affordable housing and supportive social services, they aim to educate, empower, and elevate the financial standing of the working poor and their communities.
Through their commitment to community stability, Foundation Communities Inc manages over 3,733 units of affordable housing across 26 communities in Austin and Dallas-Fort Worth. They go beyond just offering affordable housing, as their team of case managers offers individualized support to families and individuals in need. With a focus on those at or below 30% Median Family Income, the organization provides essential services to 1,047 individuals.
These services extend beyond the basics, with a focus on promoting housing stability, enhancing physical and mental well-being, and increasing income. Foundation Communities Inc offers access to various resources, including medical and behavioral health services, tools to expand income, community-building activities, and educational and career guidance. By providing a comprehensive support system, Foundation Communities Inc empowers families to improve their lives and create a more stable future.
Impact
This information is meant to be a general summary of Foundation Communities Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Foundation Communities Inc's impact can be seen in its efforts to create housing where families can succeed. By providing affordable housing combined with supportive social services, the organization is improving the financial standing and overall well-being of the working poor and their communities. With a focus on opening doors to homes, Foundation Communities Inc has improved community stability by offering affordable housing to low-income residents. They currently manage 3,733 units across 26 affordable housing communities in Austin and Dallas-Fort Worth.
Furthermore, the organization's case managers provide crucial support to families and individuals in need, including those living at or below 30% Median Family Income and individuals in Single Room Occupancy (SRO) communities, half of whom were formerly homeless. These case managers help promote housing stability as well as physical and mental health well-being by offering access to basic needs, medical and behavioral health services, income-increasing tools and support, community activities, parenting support, school advocacy, and career case management.
Overall, Foundation Communities Inc's impact can be seen in its dedication to creating a positive and supportive environment for families in need, ultimately working towards a stronger and more stable community for all.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Asset Management Fees
Revenue
$853,755
Development Fees
Revenue
$2,282,896
Management Fees
Revenue
$2,117,421
Misc. Reimbursements,etc.
Revenue
$542,078
Resident Service Fees
Revenue
$2,710,832
Organization Details
Founding Year
1990
Phone
(512) 447-2026
Principal Officer
Walter Moreau
Main Address
3000 S IH 35 Suite 300, Austin, TX, 78704
Website
www.foundcom.org
NTEE Category
Code: L20 - Housing
If you are a representative of Foundation Communities Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.