Totals
- Total revenue
- $39,300,431
- Total expenses
- $33,386,256
- Contributions and grants received
- $13,017,048
- Grants paid
- $0
- Program service revenue
- $25,998,764
- Investment income
- $284,619
- Other revenue
- $0
- Total assets, end of year
- $112,241,680
- Total liabilities, end of year
- $136,500,707
- Net assets or fund balances, end of year
- -$24,259,027
- Program services expenses (Part IX)
- $33,386,256
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $33,386,256
Program services were 100.0% 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.
-
1f · All other contributions, gifts and grants
$13,017,048
-
1g · Noncash contributions included above
$13,017,048
-
2a · Program service revenue: RESIDENTIAL RENTS
total $24,937,327 · related or exempt $24,937,327
-
2b · Program service revenue: MISC. PROPERTY INCOME
total $1,061,437 · related or exempt $1,061,437
-
3 · Investment income
total $284,619 · excluded $284,619
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $3,953,999 · program services $3,953,999
-
8 · Pension plan contributions
total $153,068 · program services $153,068
-
9 · Other employee benefits
total $542,459 · program services $542,459
-
10 · Payroll taxes
total $302,632 · program services $302,632
-
11a · Fees: management
total $5,916,488 · program services $5,916,488
-
11b · Fees: legal
total $55,893 · program services $55,893
-
11c · Fees: accounting
total $35,288 · program services $35,288
-
11g · Fees: other
total $1,372,224 · program services $1,372,224
-
12 · Advertising and promotion
total $126,633 · program services $126,633
-
13 · Office expenses
total $64,071 · program services $64,071
-
14 · Information technology
total $5,682 · program services $5,682
-
17 · Travel
total $3,916 · program services $3,916
-
20 · Interest
total $5,530,763 · program services $5,530,763
-
21 · Payments to affiliates
total $835,000 · program services $835,000
-
22 · Depreciation, depletion and amortization
total $6,530,476 · program services $6,530,476
-
23 · Insurance
total $1,076,320 · program services $1,076,320
-
24a · Other expenses: PROPERTY MAINTENANCE
total $2,488,398 · program services $2,488,398
-
24b · Other expenses: PROPERTY SERVICE CONTRA
total $2,104,511 · program services $2,104,511
-
24c · Other expenses: UTILITIES
total $2,032,307 · program services $2,032,307
-
24d · Other expenses: PROPERTY TAXES
total $256,128 · program services $256,128
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $6,963,479 · end of year $4,268,963
-
4 · Accounts receivable
beginning of year $205,049 · end of year $266,571
-
7 · Other notes and loans receivable
beginning of year $1,430,000 · end of year $1,430,000
-
9 · Prepaid expenses and deferred charges
beginning of year $88,578 · end of year $148,738
-
10a · Land, buildings and equipment: cost or other basis
$211,685,627
-
10b · Land, buildings and equipment: accumulated depreciation
$112,346,210
-
10c · Land, buildings and equipment, net
beginning of year $78,119,995 · end of year $99,339,417
-
14 · Intangible assets
beginning of year $5,903,616 · end of year $5,903,183
-
15 · Other assets
beginning of year $758,969 · end of year $884,808
-
17 · Accounts payable and accrued expenses
beginning of year $3,253,584 · end of year $3,384,378
-
19 · Deferred revenue
beginning of year $273,178 · end of year $309,576
-
23 · Secured mortgages and notes payable
beginning of year $54,961,945 · end of year $28,973,646
-
25 · Other liabilities
beginning of year $65,154,181 · end of year $103,833,107
-
27 · Net assets without donor restrictions
beginning of year -$31,798,202 · end of year -$25,584,027
-
28 · Net assets with donor restrictions
beginning of year $1,625,000 · end of year $1,325,000
Mission and programs · 2024
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.
-
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.
Expenses $33,386,256
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jewel ArringtonJEWEL ARRINGTON
CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Erika LevackERIKA LEVACK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Selina SernaSELINA SERNA
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
John RippelJOHN RIPPEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Betty WarrenBETTY WARREN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Ellie AcunaELLIE ACUNA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Michael FurrowMICHAEL FURROW
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Andrew ClementsANDREW CLEMENTS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Darilynn Cardona-BeilerDARILYNN CARDONA-BEILER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Banafsheh JalaliBANAFSHEH JALALI
BOARD SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Anita SalmonANITA SALMON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Tiffany Nicely-WilliamsTIFFANY NICELY-WILLIAMS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Angelique GoodnouqhANGELIQUE GOODNOUQH
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Ayanna BurnsAYANNA BURNS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Jason ReneauJASON RENEAU
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Angela HerronANGELA HERRON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Estrellita DoolinESTRELLITA DOOLIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Tracy TombariTRACY TOMBARI
CHIEF PROPERTY OFFICER
- Total calculated
- $6,731
- From this org
- $0
- From related orgs
- $6,731
- Other
- $0
- Hours/week
- 40
-
Ned IsleibNED ISLEIB
CFO
- Total calculated
- $40,187
- From this org
- $0
- From related orgs
- $39,721
- Other
- $466
- Hours/week
- 40
-
Kristen VassalloKRISTEN VASSALLO
CHIEF REVENUE OFFICER
- Total calculated
- $142,798
- From this org
- $0
- From related orgs
- $139,366
- Other
- $3,432
- Hours/week
- 40
-
Kathleen PeschelKATHLEEN PESCHEL
CPAO
- Total calculated
- $166,435
- From this org
- $0
- From related orgs
- $153,079
- Other
- $13,356
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0 + $147,259 related
- Bonus
- $0 + $5,400 related
- Other
- $0 + $420 related
- Deferred
- $0 + $7,995 related
- Nontaxable benefits
- $0 + $5,361 related
- Filer's total
- $0 + $166,435 related
-
Sabrina ButlerSABRINA BUTLER
DIR. R.E. DEVELOP.
- Total calculated
- $172,868
- From this org
- $0
- From related orgs
- $158,971
- Other
- $13,897
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0 + $147,751 related
- Bonus
- $0 + $10,800 related
- Other
- $0 + $420 related
- Deferred
- $0 + $8,518 related
- Nontaxable benefits
- $0 + $5,379 related
- Filer's total
- $0 + $172,868 related
-
Marisela MontoyaMARISELA MONTOYA
CHIEF PROG. OFR
- Total calculated
- $173,220
- From this org
- $0
- From related orgs
- $160,157
- Other
- $13,063
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0 + $153,737 related
- Bonus
- $0 + $6,000 related
- Other
- $0 + $420 related
- Deferred
- $0 + $7,702 related
- Nontaxable benefits
- $0 + $5,361 related
- Filer's total
- $0 + $173,220 related
-
Ann CliftANN CLIFT
CFO
- Total calculated
- $214,789
- From this org
- $0
- From related orgs
- $199,316
- Other
- $15,473
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0 + $183,316 related
- Bonus
- $0 + $16,000 related
- Other
- $0
- Deferred
- $0 + $10,017 related
- Nontaxable benefits
- $0 + $5,456 related
- Filer's total
- $0 + $214,789 related
-
Vicki McDonaldVICKI MCDONALD
CHIEF REO
- Total calculated
- $241,556
- From this org
- $0
- From related orgs
- $224,817
- Other
- $16,739
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0 + $188,817 related
- Bonus
- $0 + $36,000 related
- Other
- $0
- Deferred
- $0 + $11,283 related
- Nontaxable benefits
- $0 + $5,456 related
- Filer's total
- $0 + $241,556 related
-
Walter MoreauWALTER MOREAU
EXEC. DIRECTOR
- Total calculated
- $430,112
- From this org
- $0
- From related orgs
- $404,118
- Other
- $25,994
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0 + $349,698 related
- Bonus
- $0 + $54,000 related
- Other
- $0 + $420 related
- Deferred
- $0 + $20,195 related
- Nontaxable benefits
- $0 + $5,799 related
- Filer's total
- $0 + $430,112 related
-
Tillie CroxdaleTILLIE CROXDALE
DIR. HOUSING DEV.
- Total calculated
- $125,578
- From this org
- $0
- From related orgs
- $114,363
- Other
- $11,215
- Hours/week
- 40
-
Mandy LewisMANDY LEWIS
DIR. ASSET MGMT
- Total calculated
- $129,213
- From this org
- $0
- From related orgs
- $122,486
- Other
- $6,727
- Hours/week
- 40
-
Mary C YoungMARY C YOUNG
DIR. SUPP. HOUSING
- Total calculated
- $127,848
- From this org
- $0
- From related orgs
- $121,165
- Other
- $6,683
- Hours/week
- 40
-
Julie CandoliJULIE CANDOLI
DIR. INST. GIVING
- Total calculated
- $148,055
- From this org
- $0
- From related orgs
- $135,863
- Other
- $12,192
- Hours/week
- 40
-
Desiree GoldenDESIREE GOLDEN
DIR. PROP. MGMT.
- Total calculated
- $169,706
- From this org
- $0
- From related orgs
- $156,980
- Other
- $12,726
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0 + $150,560 related
- Bonus
- $0 + $6,000 related
- Other
- $0 + $420 related
- Deferred
- $0 + $7,805 related
- Nontaxable benefits
- $0 + $4,921 related
- Filer's total
- $0 + $169,706 related
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 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS CONDUCTS AN ANNUAL EVALUATION AND DETERMINES SALARY FOR THE EXECUTIVE DIRECTOR.
- PART I, LINE 7
- BONUS AMOUNTS ARE APPROVED BY BOARD OF DIRECTORS TO EXECUTIVE DIRECTOR AND ED APPROVES ANY BONUS TO STAFF BASED ON EXCEPTIONAL PERFORMANCE OR MERIT. ADDITIONALLY, ALL STAFF RECEIVE HOLIDAY BONUS BASED ON YEARS OF SERVICE AND CAPPED AT $1,000 PER PERSON.
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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · LOW INCOME HOUSING AND SOCIAL SERVICES · TX
-
501(C)(3) · COMMUNITY BUSINESS OFFICE RENTAL · TX
Directly controlled by FOUNDATION COMMUNITIES INC
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
SHADY OAKS HSG LP
RELATED · LOW INCOME HOUSING · TX · 0.01% owned · share of income -$42 · share of assets $1,332 · general or managing partner
Directly controlled by FC SHADY OAKS HSG LLC
-
M STATION HSG LP
RELATED · LOW INCOME HOUSING · TX · 0.01% owned · share of income -$83 · share of assets $1,316 · general or managing partner
Directly controlled by FC M STATION HSG LLC
-
CAPITAL STUDIOS HSG LP
RELATED · LOW INCOME HOUSING · TX · 0.01% owned · share of income -$34 · share of assets $1,468 · general or managing partner
Directly controlled by FC DWNTOWN ST HSG LLC
-
FC SW HOUSING LP
RELATED · LOW INCOME HOUSING · TX · 0.01% owned · share of income -$50 · share of assets $1,882 · general or managing partner
Directly controlled by FC HOMESTEAD HOUSING LLC
-
FC RUTLEDGE HSG LP
RELATED · LOW INCOME HOUSING · TX · 0.01% owned · share of income -$67 · share of assets $2,283 · general or managing partner
Directly controlled by FC LAKELINE HOUSING LLC
-
FC SOUTHWEST TRAILS HSG LP
RELATED · LOW INCOME HOUSING · TX · 0.01% owned · share of income -$59 · share of assets $1,179 · general or managing partner
Directly controlled by FC HIGHWAY 71 HOUSING LLC
-
FC BLUEBONNET HSG LP
RELATED · LOW INCOME HOUSING · TX · 0.01% owned · share of income -$56 · share of assets $1,688 · general or managing partner
Directly controlled by FC SOLA HOUSING LLC
-
FC CARDINAL POINT HOUSING LP
RELATED · LOW INCOME HOUSING · TX · 0.01% owned · share of income -$63 · share of assets $2,125 · general or managing partner
Directly controlled by FC 4POINTS HOUSING LLC
-
FC MUELLER HOUSING LP
RELATED · LOW INCOME HOUSING · TX · 0.01% owned · share of income -$60 · share of assets $2,379 · general or managing partner
Directly controlled by FC TILLEY HOUSING LLC
-
FC WATERS PARK HOUSING LP
RELATED · LOW INCOME HOUSING · TX · 0.01% owned · share of income -$43 · share of assets $2,466 · general or managing partner
Directly controlled by FC NORTH STUDIOS HOUSING LLC
-
FC N LAMAR HOUSING LP
RELATED · LOW INCOME HOUSING · TX · 0.01% owned · share of income -$82 · share of assets $2,507 · general or managing partner
Directly controlled by FC BRAKER HOUSING LLC
-
FC ZILKER HOUSING LP
RELATED · LOW INCOME HOUSING · TX · 0.01% owned · share of income -$89 · share of assets $2,552 · general or managing partner
Directly controlled by FC 1508 S LAMAR HOUSING LLC
-
FC LAKELINE MALL HOUSING LP
RELATED · LOW INCOME HOUSING · TX · 0.01% owned · share of income -$167 · share of assets $3,393 · general or managing partner
Directly controlled by FC HIGHWAY 45 LLC
-
FC PARKER HOUSING LP
RELATED · LOW INCOME HOUSING · TX · 0.01% owned · share of income -$79 · share of assets $4,526 · general or managing partner
Directly controlled by FC 2105 PARKER HOUSING LLC
-
PARKER GC JOINT VENTURE LLC
RELATED · CONSTRUCTION OF LOW INCOME HOUSING · TX · 0.01% owned · share of income -$11 · share of assets $3,219,717 · general or managing partner
Directly controlled by FOUNDATION COMMUNITIES INC
-
FC BURLESON HOUSING LP
RELATED · LOW INCOME HOUSING · TX · 0.01% owned · share of income $1 · share of assets $335 · general or managing partner
Directly controlled by FC 7905 BURLESON ROAD HOUSING LLC
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
FC M STATION HSG LLC
C · LOW INCOME HOUSING · TX · 100% owned · share of income -$251 · share of assets $963,024
Directly controlled by FOUNDATION COMMUNITIES INC
-
FC SHADY OAKS HSG LLC
C · LOW INCOME HOUSING · TX · 100% owned · share of income -$33 · share of assets $10,075
Directly controlled by FOUNDATION COMMUNITIES INC
-
FC DOWNTOWN STUDIOS HOUSING LLC
C · LOW INCOME HOUSING · TX · 100% owned · share of income -$80,537 · share of assets $2,261,779
Directly controlled by FOUNDATION COMMUNITIES INC
-
FC HOMESTEAD HOUSING LLC
C · LOW INCOME HOUSING · TX · 100% owned · share of income -$47 · share of assets $20,647
Directly controlled by FOUNDATION COMMUNITIES INC
-
CAPITAL STUDIOS HOMEOWNERS ASSOCIATION INC
C · CONDO. ASSOC. MGMT · TX · 100% owned
Directly controlled by FOUNDATION COMMUNITIES INC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 19 January 2026
- IRS schema version
- 2024v5.5
- Source object
- 202610199349300326
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