FOUNDATION COMMUNITIES GROUP RETURN

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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

Legal Domicile

Principal Officer

WALTER MOREAU

Phone

5124472026

Tax Period

2024-01-01 to 2024-12-31

FOUNDATION COMMUNITIES GROUP RETURN is a mid-sized nonprofit in the Housing & Shelter sector that reported $39.3M in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.9M, a strong 15% 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: $33,386,256

AFFORDABLE HOUSING & SUPPORTIVE SERVICESIMPROVE OVERALL COMMUNITY STABILITY BY PROVIDING AFFORDABLE HOUSING ALTERNATIVES FOR LOW-INCOME RESIDENTS AND EDUCATIONAL SERVICES TO EXPAND OPPORTUNITIES FOR THEM (3,300 MULTI-FAMILY UNITS AND 1,095 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% OF MEDIAN FAMILY INCOME TO ADDRESS ISSUES THAT RISK STABILITY IN THE HOUSEHOLD. ADDITIONAL CASE MANAGEMENT SERVICES PROVIDED FOR COMMUNITIES THAT HOUSE INDIVIDUALS THAT HAVE PREVIOUSLY BEEN HOMELESSNESS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $13,017,048

Program Service Revenue $25,998,764

Investment Income $284,619

Other Revenue $0

TOTAL REVENUE $39,300,431

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,952,158

Fundraising Expenses $0

Program Expenses $33,386,256

Other Expenses $28,434,098

TOTAL EXPENSES $33,386,256

Year-over-Year Comparison

	2024	2023	Change
Revenue	$39,300,431	$25,916,885	+0.5%
Expenses	$33,386,256	$26,233,144	+0.3%
Net Income	$5,914,175	$-316,259	-19.7%

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

821

Volunteers

3384

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

$1,588,696

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEWEL ARRINGTON	CHAIR	5.00	Director	$0	$0	$0
ERIKA LEVACK	BOARD MEMBER	5.00	Director	$0	$0	$0
SELINA SERNA	TREASURER	5.00	Officer Director	$0	$0	$0
JOHN RIPPEL	BOARD MEMBER	5.00	Director	$0	$0	$0
BETTY WARREN	BOARD MEMBER	5.00	Director	$0	$0	$0
ELLIE ACUNA	BOARD MEMBER	5.00	Director	$0	$0	$0
MICHAEL FURROW	BOARD MEMBER	5.00	Director	$0	$0	$0
ANDREW CLEMENTS	BOARD MEMBER	5.00	Director	$0	$0	$0
DARILYNN CARDONA-BEILER	BOARD MEMBER	5.00	Director	$0	$0	$0
BANAFSHEH JALALI	BOARD SECRETARY	5.00	Director	$0	$0	$0
ANITA SALMON	BOARD MEMBER	5.00	Director	$0	$0	$0
TIFFANY NICELY-WILLIAMS	BOARD MEMBER	5.00	Director	$0	$0	$0
ANGELIQUE GOODNOUQH	SECRETARY	5.00	Director	$0	$0	$0
AYANNA BURNS	BOARD MEMBER	5.00	Director	$0	$0	$0
JASON RENEAU	BOARD MEMBER	5.00	Officer Director	$0	$0	$0
ANGELA HERRON	BOARD MEMBER	5.00	Director	$0	$0	$0
ESTRELLITA DOOLIN	BOARD MEMBER	5.00	Officer Director	$0	$0	$0
TRACY TOMBARI	CHIEF PROPERTY OFFICER	40.00	Officer	$0	$0	$6,731
NED ISLEIB	CFO	40.00	Officer	$0	$466	$40,187
KRISTEN VASSALLO	CHIEF REVENUE OFFICER	40.00	Officer	$0	$3,432	$142,798
KATHLEEN PESCHEL	CPAO	40.00	Officer	$0	$13,356	$166,435
SABRINA BUTLER	DIR. R.E. DEVELOP.	40.00	Officer	$0	$13,897	$172,868
MARISELA MONTOYA	CHIEF PROG. OFR	40.00	Officer	$0	$13,063	$173,220
ANN CLIFT	CFO	40.00	Officer	$0	$15,473	$214,789
VICKI MCDONALD	CHIEF REO	40.00	Officer	$0	$16,739	$241,556
WALTER MOREAU	EXEC. DIRECTOR	40.00	Officer	$0	$25,994	$430,112
TILLIE CROXDALE	DIR. HOUSING DEV.	40.00	Highest	$0	$11,215	$125,578
MANDY LEWIS	DIR. ASSET MGMT	40.00	Highest	$0	$6,727	$129,213
MARY C YOUNG	DIR. SUPP. HOUSING	40.00	Highest	$0	$6,683	$127,848
JULIE CANDOLI	DIR. INST. GIVING	40.00	Highest	$0	$12,192	$148,055
DESIREE GOLDEN	DIR. PROP. MGMT.	40.00	Highest	$0	$12,726	$169,706

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	$39,300,431	$33,386,256	$112,241,680	$5,914,175
2023	$25,916,885	$26,233,144	$93,469,686	$-316,259
2022	$24,735,536	$25,393,485	$84,244,765	$-657,949
2021	$25,689,954	$24,364,521	$78,215,940	$1,325,433
2020	$22,441,458	$23,573,716	$63,577,418	$-1,132,258
2018	$21,823,510	$22,500,973	$59,864,755	$-677,463