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← MUELLER FOUNDATION

Form 990 for tax year 2024

Filed by MUELLER FOUNDATION.

Totals

Total revenue
$801,139
Total expenses
$2,383,075
Contributions and grants received
$0
Grants paid
$5,000
Program service revenue
$676,065
Investment income
$125,074
Other revenue
$0
Total assets, end of year
$49,340,375
Total liabilities, end of year
$358,048
Net assets or fund balances, end of year
$48,982,327
Program services expenses (Part IX)
$2,197,027
Management and general expenses
$186,048
Fundraising expenses
$0
Program service expenses (Part III)
$2,197,027

Program services were 92.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: COMMUNITY ASSESSMENT F

    total $629,045 · related or exempt $629,045

  • 2b · Program service revenue: STEWARDSHIP AND OTHER

    total $46,070 · related or exempt $46,070

  • 2c · Program service revenue: CONSULTING REVENUE

    total $950 · related or exempt $950

  • 3 · Investment income

    total $186,938 · excluded $186,938

  • 7a · Gross sales of assets other than inventory

    securities $793,802

  • 7b · Less cost or other basis and sales expenses

    securities $855,666

  • 7c · Gain or loss

    securities -$61,864

  • 7d · Net gain or loss

    total -$61,864 · excluded -$61,864

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,000 · program services $5,000

  • 5 · Compensation of officers, directors and key employees

    total $182,534 · program services $146,027 · management and general $36,507

  • 7 · Other salaries and wages

    total $85,511 · program services $42,755 · management and general $42,756

  • 9 · Other employee benefits

    total $13,827 · program services $6,913 · management and general $6,914

  • 10 · Payroll taxes

    total $19,433 · program services $13,642 · management and general $5,791

  • 11b · Fees: legal

    total $63,212 · program services $60,896 · management and general $2,316

  • 11c · Fees: accounting

    total $34,824 · management and general $34,824

  • 11f · Fees: investment management

    total $25,046 · management and general $25,046

  • 11g · Fees: other

    total $45,549 · program services $45,549

  • 13 · Office expenses

    total $8,319 · management and general $8,319

  • 14 · Information technology

    total $9,079 · management and general $9,079

  • 19 · Conferences, conventions and meetings

    total $2,514 · management and general $2,514

  • 23 · Insurance

    total $5,716 · management and general $5,716

  • 24a · Other expenses: AFFORDABLE HOUSING NET

    total $1,840,365 · program services $1,840,365

  • 24b · Other expenses: AFFORDABLE HOUSING SERV

    total $35,880 · program services $35,880

  • 24c · Other expenses: WEBSITE EXPENSES

    total $3,645 · management and general $3,645

  • 24d · Other expenses: EQUIPMENT RENTAL AND MA

    total $2,621 · management and general $2,621

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $860,563 · end of year $1,480,540

  • 4 · Accounts receivable

    beginning of year $261,610 · end of year $22,733

  • 7 · Other notes and loans receivable

    beginning of year $45,362,535 · end of year $43,109,234

  • 11 · Investments: publicly traded securities

    beginning of year $3,926,109 · end of year $4,727,868

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,946 · end of year $358,048

  • 27 · Net assets without donor restrictions

    beginning of year $50,365,871 · end of year $48,982,327

Mission and programs · 2024

Mission

THE MISSION OF THE MUELLER FOUNDATION IS TO PRESERVE AFFORDABLE HOUSING AND TO ADVANCE THE SOCIAL OBJECTIVES OF SUSTAINABILITY WITHIN THE MUELLER AUSTIN COMMUNITY. EMPOWERING OUR COMMUNITY THROUGH AFFORDABLE, QUALITY EDUCATION, AND SUSTAINABLE NEIGHBORHOODS IS AT THE HEART OF OUR MISSION. WE ARE DEDICATED TO PROVIDING ACCESSIBLE EDUCATION THAT ENRICHES LIVES AND STRENGTHENS OUR COMMUNITY. BY FOSTERING SUSTAINABLE NEIGHBORHOODS, WE AIM TO CREATE A THRIVING ENVIRONMENT WHERE INDIVIDUALS AND FAMILIES CAN FLOURISH. OUR COMMITMENT TO AFFORDABILITY ENSURES THAT EVERYONE HAS THE OPPORTUNITY TO ACCESS HIGH-QUALITY EDUCATION AND LIVE IN A SUSTAINABLE, VIBRANT COMMUNITY. THROUGH THESE VALUES, WE STRIVE TO MAKE A POSITIVE IMPACT AND BUILD A BRIGHTER FUTURE FOR GENERATIONS TO COME.

Activities or mission (Part I)

THE MISSION OF THE MUELLER FOUNDATION IS TO PRESERVE AFFORDABLE HOUSING AND TO ADVANCE THE SOCIAL OBJECTIVES OF SUSTAINABILITY WITHIN THE MUELLER AUSTIN COMMUNITY.

  • AS OF YEAR-END 2024, 681 HOMES ARE IN THE AFFORDABLE HOUSING PROGRAM. OF THOSE, TWENTY-FOUR (24) WERE "RESOLD" TO NEW AFFORDABLE OWNERS. DURING 2024, FORTY-SEVEN (47) NEW HOMES WERE ADDED TO THE PORTFOLIO, AND SEVEN (7) HOMES WERE RELEASED TO THE MARKET. THE FOUNDATION CONTINUES ITS FULL FOCUS IN 2024 TO PREPARING FOR THE TRANSITION FROM "DEVELOPMENT" PHASE TO "SUSTAINABLE PHASE". DEVELOPMENT OF NEW HOMES HAS EXTENDED INTO 2025.IN ADDITION, THE FOUNDATION FOCUSED ON BUILDING STRONGER RELATIONSHIPS WITH THE VARIOUS PARTNERS, TO ENSURE SUSTAINABLE OPERATIONS AS THE DEVELOPMENT PHASE WINDS DOWN. A PRIMARY FOCUS IN 2024 HAS BEEN STRENGTHENING THE TOOLS OF THE FOUNDATION TO ENFORCE ITS 30-YEAR COVENANTS.

    Expenses $2,197,027 · Grants $5,000 · Revenue $676,065

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • GREGORY J WEAVER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JIM WALKER

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • KERRY TATE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MATT WHELAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ROBERT D REPASS

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • SUZANNA CABALLERO

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • LESLIE WINGO

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • FRANCES FERGUSON

    EXECUTIVE DIRECTOR

    Total calculated
    $182,535
    From this org
    $176,250
    From related orgs
    $0
    Other
    $6,285
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,250
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $6,285
    Filer's total
    $182,535

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202523219349305842

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