Foundation Communities Inc

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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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.

Program Service Accomplishments

Program 1

Expenses: $13,875,825

OPENING DOORS TO HOMES - AFFORDABLE HOUSING PLUS SUPPORTIVE SERVICESImprove community stability by providing affordable housing for low income residents(3,970 units at 28 affordable housing...

OPENING DOORS TO HOMES - AFFORDABLE HOUSING PLUS SUPPORTIVE SERVICESImprove community stability by providing affordable housing for low income residents(3,970 units at 28 affordable housing communities in Austin, Dallas-Fort Worth) Pursued new acquisitions of affordable housing. Case managers provide support to 224 families at or below 30% Median Family Income(CHI program) and 969 individuals living in our SRO communities, 50% of whom were formerly homeless. Case management supports promote housing stability, physical and mental health well-being. Services include access to basic needs, medical and behavioral health services, tools and supports to increase income,community building activities, parenting support, school advocacy and career case management. Property operations are reported at Group Affiliates Form 990 (Tax ID#74-2678601)

Program 2

Expenses: $5,266,920

PROSPER CENTER PROGRAMS-TAX HELP, HEALTH COVERAGE, FINANCIAL WELLNESS & COLLEGE HUB Foundation Communities' Community Tax Help programs in Austin, Dallas and Arlington provided free income tax return preparation services for low-income taxpayers that received $40 million in tax refunds. More than 523 staff and volunteers prepared 27,092 tax returns. The Health Coverage program helped 5,717 people enroll in health insurance, claiming $32 million in premium tax credits. Using our Financial Wellness services, 260 residents received more than $240,000 in emergency rent or utility assistance funds and 214 residents enrolled in a program designed to improve their credit scores.

Program 3

Expenses: $4,543,985

LEARNING IN A COMMUNITY503 children took part in free after-school and summer learning center programs for elementary and 77 participated in teen out of school time programs. Additionally, adults are provided with onsite and virtual ESL, digital literacy support, as well as college and career coaching. 386 adults participated in our Adult Education Programs, including 330 ESL, 56 Digital Literacy. The College HUB provided college support services to 996 students through individual appointments and secured $419,649 in grants and scholarships. The team facilitated or participated in 35 total community events, connecting with 2,857 total attendees with 104 Succeed students and 610 student appointments. Our Career Project served 179 individuals in the past year.

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Trantor Score

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

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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

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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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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