Foundation Communities
Foundation Communities reported $50.0 million in revenue and $34.1 million in expenses for calendar year 2024. Of every $100 it spent, $84.76 went to program services, $11.50 to management and general costs and $3.74 to fundraising. Its largest source of revenue was contributions and grants: 62.5% of the total. Government grants made up 16.1%. The highest compensation it reported for one person was $430,112 (EXEC. DIRECTOR). 12 people received more than $100,000 in reportable compensation. Revenue rose 41% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $34MFor context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $50MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 84.8% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 11.5% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.7% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.04 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 62.5% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 16.1% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 26.5% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $430,112 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.26% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 12 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 65.7 | 10.0 |
| Independent voting board members Part VI 1a–1b | 15 of 15 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseOpening 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…
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. The health coverage program helped 5,421 people enroll in health insurance, claiming $40,184,216 in premium tax credits. Additionally, the health coverage and benefits assistance programs helped 2,160 people apply for chip or medicaid. Using our…
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. 275 adults participated in our adult education programs, including 179 through esl, and 96 through digital literacy. The college hub provided college support services to 796 students through individual appointments and secured $985,284 in grants and…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EXEC. DIRECTOR Officer, 40.00 hrs/week | $404,118 | $0 | $25,994 | $430,112 |
| CHIEF REO Officer, 40.00 hrs/week | $224,817 | $0 | $16,739 | $241,556 |
| CFO Officer, 40.00 hrs/week | $199,316 | $0 | $15,473 | $214,789 |
| CHIEF PROG. OFR Officer, 40.00 hrs/week | $160,157 | $0 | $13,063 | $173,220 |
| DIR. R.E. DEVELOP. Officer, 40.00 hrs/week | $158,971 | $0 | $13,897 | $172,868 |
| DIR. PROP. MGMT. Highest compensated employee, 40.00 hrs/week | $156,980 | $0 | $12,726 | $169,706 |
| CPAO Officer, 40.00 hrs/week | $153,079 | $0 | $13,356 | $166,435 |
| DIR. INST. GIVING Highest compensated employee, 40.00 hrs/week | $135,863 | $0 | $12,192 | $148,055 |
12 people received more than $100,000 in reportable compensation from Foundation Communities (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.5M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b15 · 15 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5821
- Volunteers Part I, line 63,384
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| 3E1D SERVICES LLC General contractor | $769,117 |
| CHARTER COMMUNICATIONS HOLDINGS LLC Telecommunications | $625,235 |
| IJANITORIAL Janitorial services | $620,418 |
| AUSTIN COOLMAX LLC General contractor | $535,315 |
| NOVOGRADAC & COMPANY LLP Accounting services | $351,370 |
Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Foundation Communities's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Foundation Communities, you can publish a response that is linked from this page.
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Of every $100 Foundation Communities spent in 2024, $84.76 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Knox Area Rescue MinistriesKnoxville, TN · revenue $50M · programs 91.9% · FY2025
- Immanuel Retirement CommunitiesOmaha, NE · revenue $50M · programs 87.5% · FY2025
- Apf SupportAtlanta, GA · revenue $50M · programs 47.8% · 2024
- Baruch SlsGrand Rapids, MI · revenue $50M · programs 86.0% · 2024
- Lantern HillNew Providence, NJ · revenue $50M · programs 86.3% · 2024
All housing & shelter charities · Largest charities in Texas
Questions people ask
How much of Foundation Communities's spending goes to programs?
In calendar year 2024, Foundation Communities reported that 84.8% of its $34.1 million in expenses went to program services, 11.5% to management and general and 3.7% to fundraising (Form 990, Part IX).
How much does Foundation Communities pay its top executive?
The largest total compensation Foundation Communities reported for one person in calendar year 2024 was $430,112, for the role of EXEC. DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Foundation Communities get its money?
Of $50.0 million in revenue in calendar year 2024, 62.5% came from contributions and grants (including 16.1% from government grants) and 26.5% from program service revenue (Form 990, Part VIII).
Is Foundation Communities a registered charity?
The IRS lists EIN 74-2563260 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202513189349307476 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202442009349300114 · read the filing
- 2022: Form 990 for calendar year 2022, object 202312559349300716 · read the filing
- 2021: Form 990 for calendar year 2021, object 202222289349300147 · read the filing
- 2020: Form 990 for calendar year 2020, object 202102289349303675 · read the filing
- 2019: Form 990 for calendar year 2019, object 202011989349301611 · read the filing
All filings for EIN 74-2563260: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.