Totals
- Total revenue
- $1,118,842
- Total expenses
- $2,253,729
- Contributions and grants received
- $0
- Grants paid
- $2,653
- Program service revenue
- $1,016,584
- Investment income
- $102,258
- Other revenue
- $0
- Total assets, end of year
- $51,204,103
- Total liabilities, end of year
- $39,390
- Net assets or fund balances, end of year
- $51,164,713
- Program services expenses (Part IX)
- $2,022,945
- Management and general expenses
- $230,784
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,022,945
Program services were 89.8% 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 $729,666 · related or exempt $729,666
-
2b · Program service revenue: AFFORDABILITY HOUSING
total $282,408 · related or exempt $282,408
-
2c · Program service revenue: CONSULTING REVENUE
total $4,510 · related or exempt $4,510
-
3 · Investment income
total $102,258 · excluded $102,258
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,653 · program services $2,653
-
5 · Compensation of officers, directors and key employees
total $169,496 · program services $127,122 · management and general $42,374
-
7 · Other salaries and wages
total $98,092 · program services $67,970 · management and general $30,122
-
9 · Other employee benefits
total $12,475 · program services $8,644 · management and general $3,831
-
10 · Payroll taxes
total $18,823 · program services $13,692 · management and general $5,131
-
11b · Fees: legal
total $41,775 · program services $28,974 · management and general $12,801
-
11c · Fees: accounting
total $34,512 · management and general $34,512
-
11f · Fees: investment management
total $22,971 · management and general $22,971
-
11g · Fees: other
total $332,956 · program services $321,193 · management and general $11,763
-
13 · Office expenses
total $15,713 · management and general $15,713
-
14 · Information technology
total $4,599 · management and general $4,599
-
19 · Conferences, conventions and meetings
total $2,543 · management and general $2,543
-
23 · Insurance
total $21,606 · program services $15,896 · management and general $5,710
-
24a · Other expenses: AFFORDABLE HOUSING PROG
total $1,436,801 · program services $1,436,801
-
24b · Other expenses: FRAUD LOSS
total $35,165 · management and general $35,165
-
24c · Other expenses: WEBSITE EXPENSES
total $3,388 · management and general $3,388
-
24d · Other expenses: OTHER EXPENSES
total $161 · management and general $161
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $639,349 · end of year $943,758
-
4 · Accounts receivable
beginning of year $46,070 · end of year $27,696
-
7 · Other notes and loans receivable
beginning of year $47,650,543 · end of year $46,602,737
-
11 · Investments: publicly traded securities
beginning of year $4,828,906 · end of year $3,629,912
-
15 · Other assets
beginning of year $7,304 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $70,984 · end of year $39,390
-
27 · Net assets without donor restrictions
beginning of year $53,101,188 · end of year $51,164,713
Mission and programs · 2022
Mission
TO PROVIDE A LONG-TERM MECHANISM FOR IMPLEMENTING, SUPPORTING, AND FUNDING THE PUBLIC PURPOSES AND BENEFITS THAT DERIVE FROM THE COMMUNITY VISION AND GOALS ASSOCIATED WITH THE REDEVELOPMENT OF THE FORMER ROBERT MUELLER MUNICIPAL AIRPORT SITE IN AUSTIN, TEXAS.
Activities or mission (Part I)
GENERALLY, TO OPERATE EXCLUSIVELY FOR CHARITABLE, OR EDUCATIONAL PURPOSES WITHIN THE MEANING OF 501(C)(3) OF THE IRC, BY PROMOTION AND INCREASING ONE OR MORE OF THE FOLLOWING IN THE GEORGRAPHICAL REGION OF AUSTIN, TEXAS KNOWN AS MUELLER AND OTHER GEOGRAPHIC AREAS CONTAINING A REASONABLE RELATIONSHIP TO THE MUELLER COMMUNITY: (I) THE AVAILABILITY OF QUALITY NEIGHBORHOOD SCHOOLS AND LIFELONG EDUCATION PROGRAMS, (II) THE CREATION OF OPEN SPACE AND PARKS, (III) THE AVAILABILITY OF JOB TRAINING PROGRAMS, (IV) THE PROMOTION OF SUSTAINABLE DEVELOPMENT, (V) THE SUPPORT OF AFFORDABLE HOUSING, AND (VI) SUCH OTHER CHARITABLE AND EDUCATIONAL PURPOSES AS ARE CONSISTENT WITH THE SPIRIT AND INTENT OF THE MUELLER DESIGN BOOK.
-
AS OF YEAR-END 2022, 583 HOMES ARE IN THE AFFORDABLE HOUSING PROGRAM. OF THOSE, 19 WERE "RESOLD" TO NEW AFFORDABLE OWNERS; FOUR WERE SOLD TO MARKET IN 2022. THERE WERE 39 NEW HOMES ADDED IN 2022.
Expenses $2,002,206 · Revenue $1,012,074
-
THE FOUNDATION CONTINUES ITS FULL FOCUS IN 2022 TO PREPARING FOR THETRANSITION FROM "DEVELOPMENT" PHASE TO "SUSTAINABLE" PHASE. DEVELOPMENT OF NEW HOMES IS SCHEDULED TO BE COMPLETE BY DECEMBER, 2024. IN 2022, THE FOUNDATION CONTINUED EXPANDING ORGANIZATIONAL CAPACITY THROUGH NEW STAFFING AND CONTRACTORS, AS WELL AS INCREASED FOCUS ON AFFIRMATIVE MARKETING AND IDENTIFICATION OF LONG TERM POLICIES TO SUPPORT THE SUSTAINABILITY OF THE HOMES.
Expenses $20,739 · Grants $2,653 · Revenue $4,510
As filed on the 2022 return.
Listed in Part VII
-
Gregory J WeaverGREGORY J WEAVER
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Jim WalkerJIM WALKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kerry TateKERRY TATE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Matt WhelanMATT WHELAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Robert D RepassROBERT D REPASS
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Suzanna CaballeroSUZANNA CABALLERO
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Leslie WingoLESLIE WINGO
PRESIDENT & CEO
- Total calculated
- $0
- Hours/week
- 2
-
Frances FergusonFRANCES FERGUSON
EXECUTIVE DIRECTOR
- Total calculated
- $169,496
- From this org
- $160,000
- From related orgs
- $0
- Other
- $9,496
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $160,000
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $9,496
- Filer's total
- $169,496
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
None.
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
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343189349309369
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