2024-05-10T08:21:45-05:00 2023-12-31 943108253 NOVOGRADAC & COMPANY LLP 11401 CENTURY OAKS TERRACE SUITE 260 AUSTIN TX 78758 990 2023-01-01 834321982 FC MISSION PLAZA INC FCMI 5124472026 3000 S IH-35 SUITE 300 AUSTIN TX 78704 WALTER MOREAU PRESIDENT 5124472026 2024-05-10 1 WALTER MOREAU XXX-XX-XXXX 0 SUSAN WILSON P00545142 5123400420 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z WALTER MOREAU 3000 S IH-35 SUITE 300 AUSTIN TX 78704 426699 0 X N/A X 2019 TX SUPPORT THE CHARITABLE PURPOSES OF FOUNDATION COMMUNITIES, INC. AND AND SHALL CONSTITUTE A QALICB 6 6 0 0 0 0 0 0 390150 397953 0 28746 0 0 390150 426699 0 0 0 0 0 0 0 0 0 620392 934012 620392 934012 -230242 -507313 18649145 18165185 16231325 16254678 2417820 1910507 SUPPORT THE CHARITABLE PURPOSES OF FOUNDATION COMMUNITIES, INC. AND SHALL CONSTITUTE A QALICB, AS DEFINED IN SECTION 45D OF IRC. 0 0 893926 397953 ACQUIRING,REHABILITATING,MAINTAINING,AND LEASING THE BUILDINGS LOCATED IN AUSTIN,TEXAS,KNOWN AS MISSION PLAZA TO QUALIFY AS A QALICB UNDER THE NEW MARKETS TAX CREDIT PROGRAM. MISSION PLAZA FACILITIES WILL PROVIDE SPACE FOR THE OPERATIONS OF FOUNDATION COMMUNITIES, INC. AND OTHER NON-PROFIT AGENCIES PROVIDING SERVICES TO ECONOMICALLY DISADVANTAGED INDIVIDUALS. THE FC PROSPER CENTER WILL DELIVER FREE INCOME TAX RETURN PREPARATION, HEALTH INSURANCE ENROLLMENT ASSISTANCE AND FINANCIAL LITERACY PROGRAMS TO LOW-INCOME RESIDENTS OF THE COMMUNITY. THE OFFICE SPACE FOR THE ADMINISTRATIVE OPERATIONS OF FOUNDATION COMMUNITIES, INC. HELPS FURTHER THE ORGANIZATION'S ABILITY TO DEVELOP AFFORDABLE HOUSING WITH SUPPORTIVE SOCIAL SERVICES TO EDUCATE, SUPPORT AND IMPROVE THE FINANCIAL STANDING OF THE WORKING POOR IN OUR COMMUNITIES. 893926 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X WALTER MOREAU 5124472026 3000 S IH 35 SUITE 300 AUSTIN TX 78704 SELINA SERNA TREASURER 1.00 X X 0 0 0 JEWEL ARRINGTON SECRETARY 1.00 X X 0 0 0 JASON RENEAU CHAIR 1.00 X X 0 0 0 MELISSA GARCIA VICE CHAIR 1.00 X X 0 0 0 JASON QUNELL BOARD MEMBER 1.00 X X 0 0 0 WALTER MOREAU PRESIDENT 1.00 X 0 369104 0 0 369104 0 0 0 1 0 0 RENTAL INCOME 532000 397953 397953 397953 28746 28746 426699 397953 0 28746 38500 38500 208762 208762 300000 300000 385164 385164 GENERAL AND ADMINISTRAT 1586 1586 934012 893926 40086 0 612004 587976 926 18806995 1513488 17678671 17293507 358470 282776 18649145 18165185 16231325 16254678 16231325 16254678 X 2417820 1910507 2417820 1910507 18649145 18165185 -507313 0 X X 0 1 X 1 0 X X X 1 FOUNDATION COMMUNITIES INC 742563260 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 3785578 3785578 14790358 1464067 13326291 231059 49421 181638 17293507 X 426699 0 426699 0 426699 934012 0 934012 0 934012 PART X, LINE 2: THE CORPORATION IS A NONPROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAX UNDER SECTION 501 (C) (3) OF THE INTERNAL REVENUE CODE. THE CORPORATION HAS NOT TAKEN UNSUBSTANTIATED TAX POSITION THAT WOULD REQUIRE PROVISION OF A LIABILITY UNDER FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS UPDATE 2009-06, "IMPLEMENTATION GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND DISCLOSURE AMENDMENTS FOR NONPUBLIC ENTITIES." THE CORPORATION IS NOT CURRENTLY INVOLVED IN ANY FEDERAL INCOME TAX EXAMINATIONS. 0 0 0 0 0 0 0 0 0 WALTER MOREAU PRESIDENT 0 369104 0 0 0 0 0 0 0 0 0 369104 0 0 FORM 990, PART VI, SECTION A, LINE 2 JASON QUNELL, SELINA SERNA, AND JEWEL ARRINGTON ARE EACH VOLUNTEER BOARD MEMBERS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE PRESIDENT IS REQUIRED TO REPORT THE RESULTS FROM THE ANNUAL TAX RETURN TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C AVAILABLE UPON REQUEST FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FOUNDATION COMMUNITIES INC 3000 S IH-35 SUITE 300 AUSTIN TX 78704 742563260 CREATE AND MAINTAIN HIGH-QUALITY HOUSING FOR LOW-INCOME PERSONS TX 501(C)(3) LINE 10 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 FOUNDATION COMMUNITIES INC A 397953 COST FOUNDATION COMMUNITIES INC B 300000 COST