Foundation Communities Inc (EIN 742563260) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Principal Officer

Walter Moreau

Phone

5124472026

Tax Period

2023-01-01 to 2023-12-31

Foundation Communities Inc, founded in 1990, is a mid-sized nonprofit in the Housing & Shelter sector that reported $41.3M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $11.0M, a strong 27% operating margin.

Mission

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.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $26,062,451

Program Service Revenue $10,123,946

Investment Income $5,068,228

Other Revenue $0

TOTAL REVENUE $41,254,625

Expense Breakdown

Grants Paid $1,003,435

Salaries & Benefits $22,707,253

Fundraising Expenses $1,275,370

Program Expenses $26,012,590

Other Expenses $6,519,692

TOTAL EXPENSES $30,230,380

Year-over-Year Comparison

	2023	2022	Change
Revenue	$41,254,625	$44,338,510	-0.1%
Expenses	$30,230,380	$27,216,921	+0.1%
Net Income	$11,024,245	$17,121,589	-0.4%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

823

Volunteers

2554

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,174,569

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Walter Moreau	Exec. Director	40.00	Officer	$369,104	$23,714	$392,818
Vicki McDonald	Chief REO	40.00	Officer	$214,206	$16,124	$230,330
Ann Clift	CFO	40.00	Officer	$198,937	$15,624	$214,561
Marisela Montoya	Chief Prog. Ofr	40.00	Officer	$157,119	$13,061	$170,180
Sabrina Butler	Dir. R.E. Develop.	40.00		$154,361	$13,482	$167,843
Kathleen Peschel	CPAO	40.00	Officer	$153,654	$13,026	$166,680
Desiree Golden	Dir. Prop. Mgmt.	40.00		$153,086	$12,948	$166,034
Julie Candoli	Dir. Inst. Giving	40.00		$136,936	$11,829	$148,765
Mandy Lewis	Dir. Asset Mgmt	40.00		$120,933	$11,138	$132,071
Mary C Young	Dir. Supp. Housing	40.00		$120,443	$11,113	$131,556
Angela Herron	Board Member	5.00	Director	$0	$0	$0
Jason Reneau	Board Member	5.00	Director	$0	$0	$0
Estrellita Doolin	Board Member	5.00	Director	$0	$0	$0
Angelique Goodnough	Vice Chair	5.00	Director	$0	$0	$0
Tiffany Nicely-Williams	Board Member	5.00	Director	$0	$0	$0
Jewel Arrington	Chair	5.00	Officer Director	$0	$0	$0
David Hart	Board Secretary	5.00	Officer Director	$0	$0	$0
Faye Goggins	Board Member	5.00	Director	$0	$0	$0
Andrew Clements	Board Member	5.00	Director	$0	$0	$0
Michael Furrow	Board Member	5.00	Director	$0	$0	$0
Yvette Flores	Board Member	5.00	Director	$0	$0	$0
Betty Warren	Board Member	5.00	Director	$0	$0	$0
Phil Redmond	Board Member	5.00	Director	$0	$0	$0
Selina Serna	Treasurer	5.00	Officer Director	$0	$0	$0
Erika Levack	Board Member	5.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$41,254,625	$30,230,380	$236,619,309	$11,024,245
2022	$44,338,510	$27,216,921	$222,576,163	$17,121,589
2021	$44,085,347	$25,514,683	$201,792,213	$18,570,664
2020	$31,007,217	$22,592,505	$182,366,315	$8,414,712
2019	$35,381,833	$20,604,333	$165,457,290	$14,777,500
2018	$18,146,351	$17,288,917	$152,011,224	$857,434

Foundation Communities Inc