2024-10-24T10:10:11-07:00 2023-12-31 464743229 ANN E CLIFT CPA PLLC 9937 DERECHO DR AUSTIN TX 78737 990 2023-01-01 742678601 Foundation Communities Group Return FOUN 5124472026 3000 S IH 35 Suite 300 Austin TX 78704 Walter Moreau Exec. Director 2024-07-18 true true Ann E Clift P00088174 5129245358 2023 2024-10-15 13:58:12Z Walter Moreau 3000 S IH 35 Suite 300 Austin TX 78704 25916885 true true 7171 X www.foundcom.org X TX 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. 15 15 823 2554 0 2313313 2173383 22328348 23509687 93875 233815 0 24735536 25916885 0 0 3867762 4313254 0 0 21525723 21919890 25393485 26233144 -657949 -316259 84244765 93469686 114101708 123642888 -29856943 -30173202 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. false false 26233144 AFFORDABLE HOUSING & SUPPORTIVE SERVICESImprove overall community stability by providing affordable housing alternatives for low income residents and educational services to expand opportunities for them.(2,874 multi-family and 859 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% median family income to assist with issues that risk stability in the household. Additional case management services provided for communities that house individuals that have previously been homeless. 26233144 true false false false false false false false false false true false false true true true false false false false false false false false false false false false false true true false false false false false false false false false false true false false false true true false false true true 79 0 true 823 true false false false false false false false 0 false false false false false false false X 15 15 true false false false false false false true true false false true true true true true true true false true true X X Ann Clift 5124472026 3000 S IH 35 Suite 300 Austin TX 787046382 Walter Moreau Exec. Director 40.00 40.00 X 0 369104 23714 Vicki McDonald Chief REO 40.00 40.00 X 0 214206 16124 Ann Clift CFO 40.00 40.00 X 0 198937 15624 Marisela Montoya CPO 40.00 40.00 X 0 157119 13061 Sabrina Butler Dir. R.E. Dev. 40.00 40.00 0 154361 13482 Kathleen Peschel CPAO 40.00 40.00 X 0 153654 13026 Desiree Golden Dir. Prop. Mgmt. 40.00 40.00 0 153086 12948 Julie Candoli Dir. Inst. Giving 40.00 40.00 0 136936 11829 Mandy Lewis Dir. Asset Mgmt 40.00 40.00 0 120933 11138 Mary C Young Dir. Supp. Svc. 40.00 40.00 0 120443 11113 Selina Serna Treasurer 5.00 5.00 X X 0 0 0 Estrellita Doolin Board Member 5.00 5.00 X 0 0 0 Angela Herron Board Member 5.00 5.00 X 0 0 0 Andrew Clements Board Member 5.00 5.00 X 0 0 0 Angelique Goodnough Vice Chair 5.00 5.00 X X 0 0 0 Tiffany Nicely-Williams Board Member 5.00 5.00 X 0 0 0 Jewel Arrington Chair 5.00 5.00 X X 0 0 0 Faye Goggins Board Member 5.00 5.00 X 0 0 0 Jason Reneau Board Member 5.00 5.00 X 0 0 0 Betty Warren Board Member 5.00 5.00 X 0 0 0 Phil Redmond Board Member 5.00 5.00 X 0 0 0 David Hart Board Secretary 5.00 5.00 X X 0 0 0 Yvette Flores Board Member 5.00 5.00 X 0 0 0 Michael Furrow Board Member 5.00 0.00 X 0 0 0 Erika Levack Board Member 5.00 0.00 X 0 0 0 1778779 142059 7 false true false All American Roofing 1421 N Loop 12 Irving TX 75061 Roofing installations 2196597 3E1D Services LLC 106 Chesters Cove Cedar Creek TX 78612 Janitorial 1001378 Complete Landscapes Inc PO Box 3824 Pflugerville TX 78691 Landscape svc 577201 iJanitorial PO Box 204882 Dallas TX 75320 Janitorial Svc. 527529 Wilson Plumbing 906 E 47th Austin TX 78751 Plumbing repairs/install 535829 60 2173383 2163383 2173383 Misc. Property Income 531110 824232 824232 Residential Rents 531110 22685455 22685455 23509687 233815 233815 0 0 0 0 0 0 0 0 25916885 23509687 233815 0 0 0 0 0 0 3469533 3469533 143911 143911 422238 422238 277572 277572 5559624 5559624 36939 36939 30906 30906 0 0 0 790972 790972 95420 95420 51349 51349 6335 6335 0 0 3726 3726 0 0 2245056 2245056 830000 830000 5870596 5870596 731935 731935 Prop. Maintenance 2094327 2094327 Utilities 1700189 1700189 Property Service Contracts 1378653 1378653 Property taxes 250753 250753 243110 243110 26233144 26233144 0 0 2656528 0 1592703 6963479 0 207919 205049 0 0 1430000 1430000 0 79880 88578 184121464 106001469 71658241 78119995 0 0 0 1725 1092 6617769 6661493 84244765 93469686 2614349 3253584 318172 273178 50272367 54961945 60896820 65154181 114101708 123642888 X -31481943 -31798202 1625000 1625000 -29856943 -30173202 84244765 93469686 -316259 X X false true X true true true X 1273668 1315063 3872759 2313313 2173383 10948186 20318144 21128487 21757708 22392850 23509687 109106876 0 0 0 21591812 22443550 25630467 24706163 25683070 120055062 0 0 120055062 148113 97908 59487 93875 233815 633198 0 148113 97908 59487 93875 233815 633198 0 0 21739925 22541458 25689954 24800038 25916885 120688260 0.99480 0.99650 0.00520 0.00350 X 25378587 25378587 138653187 98913945 39739242 20089690 7087524 13002166 78119995 Escrow deposits 172500 Goodwill 5902524 Interest rate swap agreements 350064 Interest receivable 250250 Partnership Interest -13846 Rounding 1 6661493 Due to affiliates-accrued interest etc. 16745027 Notes payable to Affiliates 47646894 Resident security deposits 762260 65154181 X Part V, Line 4: Intended uses of the endowment fund. Endowment funds held by Austin Community Foundation are designated by donors for future support of Foundation Communities, Inc. Part X : FIN48 Footnote In June 2006, the FASB issued new guidance within ASC740-10, Income Taxes, effective for years beginning after December 15, 2008. It clarified the accounting for uncertainty in income taxes recognized in the consolidated financial statements. Foundation Communities adopted the amended provisions during the year ended December 31, 2009. This standard had no effect on Foundation Communities' consolidated financial position, results of operations or cash flows. X X X X false false false false false false false true false Ann Clift CFO 184358 21000 10251 5373 220982 Desiree Golden Dir. Prop. Mgmt. 147086 6000 7714 5234 166034 Kathleen Peschel CPAO 136500 20300 7849 5177 169826 Marisela Montoya CPO 136500 21000 7884 5177 170561 Sabrina Butler Dir. R.E. Dev. 133661 20700 8272 5210 167843 Vicki McDonald Chief REO 184358 31000 10751 5373 231482 Walter Moreau Exec. Director 339900 49000 17806 5908 412614 Part I, Line 7: Non-Fixed payments not listed above 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. A Crawford Cultural Fac Co 821643033 2019-06-25 6840000 Saint Elmo Mutual Housing Corp false A 6840000 4401 6835599 false true true true A false false false false false true false false false Impute Interest 40 2163383 accrual false false false Form 990, Part VI, Section A, Line 2 Various board members work with organizations that have strategic service relationships and have provided grant funds for mutual service projects such as the school district, local health district, etc. Other board members are residents of organization's low income housing communities that are required to be a component of the board of directors to satisfy the Community Housing Development Organization's charter requirements. One board member is related to a staff member by marriage.Organization's conflict of interest disclosure policy requires annual disclosure and abstaining from any votes or decision making on activities that would include a related party. Form 990, Part VI, Section B, Line 11b Form 990 is reviewed by senior staff and then the Finance/Audit Committee prior to filing with IRS. Form 990, Part VI, Section B, Line 12c All board and staff submit an annual statement regarding conflicts of interest and disclosing any possible conflicts. Statements are summarized by Human Resources department and reviewed by the Executive Director. Form 990, Part VI, Section B, Line 15a Executive Committee reviews and approves compensation of Executive Director. Form 990, Part VI, Section B, Line 15b Executive Committee reviews and approves compensation of Executive Director. Executive Director reviews and approves compensation of all other employees. Form 990, Part VI, Section C, Line 19 Mailed or emailed upon request. Also available on Guidestar website. Form 990, Part XII, Line 2c Audit Committee selects auditor. Auditors meet with committee annually to present audited financial statement report and management letter. Audited Financial Statement - Part X Foundation Communities' affiliates are included in a consolidated audit and single audit report for the combined group. Subordinates Included List of subordinates included is attached Statement Note 1 Foundation Communities' Group Affiliates - EIN 74-2678601, Group Exemption Number 7171Attachment to Form 8868, Application for Automatic Extension of Time to File Certain Excise, Income, Information and Other ReturnsList of Affiliates to be included in Form 990:Name of Affiliate EINCherry Creek Mutual Housing Corporation 74-2539401Crossroads Mutual Housing Corporation 74-2564401Saint Elmo Mutual Housing Corporation 74-2592916Buckingham Mutual Housing Corporation 74-2602616Peter's Colony Mutual Housing Corporation 74-2748151Shadow Brook Mutual Housing Corporation 74-2748153Sleepy Hollow Mutual Housing Corporation 74-2748154Daffodil Mutual Housing Corporation 74-2763624Central Texas Searight Housing Corporation 74-2877220Village Green Mutual Housing Corporation 74-2941951Central Texas-SWA Mutual Housing Corporation 74-2914069Garden Terrace Housing Corporation 74-3019950Spring Terrace Housing Corporation 20-3499523 Arbor Terrace Housing Corporation 20-8832910(formerly FC Austin One Housing Corporation) Skyline Terrace Housing Corporation 83-1580963(formerly FC Austin Ten Housing Corporation) FC Balcones Terrace Housing Corporation 87-1732514 FC Burleson Housing Corporation 92-0347356 FC Austin Six Housing Corporation 61-1711763 FC Austin Eleven Housing Corporation 83-1594966FC Austin Twelve Housing Corporation 83-1606631FC Hwy. 71 Housing, LLC 47-1524782FC SOLA Housing, LLC 47-1527249FC Lakeline Housing, LLC 47-1541322FC 4 Points Housing, LLC 47-4709273FC Tilley Housing, LLC 82-2471788FC North Studios Housing, LLC 83-0881482FC Braker Lane Housing, LLC 84-2697044 FC Highway 45 Housing, LLC 84-3652178FC 1508 S Lamar Housing, LLC 85-2312000FC 2105 Parker Housing LLC 87-2181372FC 11630 N Lamar Housing LLC 92-0349749FC 3811 Tannehill Housing LLC 92-0487646Affiliates incorporated to own future affordable housing projects but with no assets and no activity as of 12/31/2023Central Texas PC Mutual Housing Corporation 74-2951149FC Maxwell Housing Corporation 74-3018423FC Manchester Housing Corporation 74-3018422FC Ashford Housing Corporation 74-3018421FC Austin Two Housing Corporation 20-8832986FC Austin Three Housing Corporation 45-2536080FC Austin Four Housing Corporation 45-2536121FC Austin Five Housing Corporation 61-1711649FC Austin Seven Housing Corporation 38-3905974FC Austin Nine Housing Corporation 83-1562744FC Austin Thirteen Housing Corporation 83-1622869FC Austin Fourteen Housing Corporation 83-1647935FC Austin Fifteen Housing Corporation 83-1657116 FC Austin Sixteen Housing Corporation 92-0374597FC Austin Seventeen Housing Corporation 92-0376245FC Austin Eighteen Housing Corporation 92-0396622FC Austin Nineteen Housing Corporation 92-0397062FC Austin Twenty Housing Corporation 92-0417457 Affiliate not included in Group Exemption per election under IRC 168(h)(6)F)(ii)to not be treated as a tax exempt entityFC Skyline Terrace Housing LLC 20-5368522FC M Station Housing, LLC 26-4307826FC Shady Oaks Housing, LLC 27-1658922 FC Downtown Studios Housing, LLC 45-5426309 FC Homestead Housing, LLC 46-3515548 Statement Note 2 Schedule D, Part XI, XII, and XIII - Reconciliation of Revenue per Audited Financial Statements with Revenue per ReturnFoundation Communities, Inc. and Affiliates' audited financial statements are prepared on a combined/consolidated basis with all 100% owned affiliates included. Based on the group exemption filing requirements per IRS instructions two separate Forms 990 are prepared - one showing only the parent entity, Foudation Communities, Inc. (74-2563260) and another one which combines all the group affiliates (74-2678601). Shown below is a reconciliation between the separate 990's and the combined audit report.FOUNDATION COMMUNITIES, INC. AND AFFILIATESRECONCILIATION OF 2023 REVENUE AND EXPENSE PER THE FORMS 990 TO THE 2023 AUDITED FINANCIAL STATEMENTS Revenue ExpensesPer Form 990Foundation Communities(74-2563260) 41,254,625 30,230,380FC Mission Plaza, Inc. Form 990 426,698 934,010(83-4321982) Group Affiliates Form 990 25,916,885 26,233,144(74-2678601) Total before Eliminations 67,598,208 57,397,534Less Eliminations (8,941,782) (8,927,364) (see audit report supplemental info)Total after eliminations 58,656,426 48,470,170JV Partnership Form 1065 (64,497) (41)(87-3165238) Plus LP and LLC entities included in2023 Audited Financials but not part of exempt group per status asseparate taxable entities 164,885 244,198 [LLC entities not included in exempt groupdue to taxable status under IRC 168(h)(6)(F)(ii)] 2023 Audited Financials 58,756,814 48,714,327 Statement Note 3 Foundation Communities' Group Affiliates - EIN 74-2678601, Group Exemption Number 7171List of Affiliates to be included in 2023 Form 990 Group #7171:Name of Affiliate EINCherry Creek Mutual Housing Corporation, 74-2539401Crossroads Mutual Housing Corporation, 74-2564401Saint Elmo Mutual Housing Corporation, 74-2592916Buckingham Mutual Housing Corporation, 74-2602616Peter's Colony Mutual Housing Corporation, 74-2748151Shadow Brook Mutual Housing Corporation, 74-2748153Sleepy Hollow Mutual Housing Corporation, 74-2748154Daffodil Mutual Housing Corporation, 74-2763624Central Texas Searight Housing Corporation, 74-2877220Village Green Mutual Housing Corporation, 74-2941951Central Texas-SWA Mutual Housing Corporation, 74-2914069Garden Terrace Housing Corporation, 74-3019950Spring Terrace Housing Corporation, 20-3499523 Arbor Terrace Housing Corporation, 20-8832910(formerly FC Austin One Housing Corporation) Skyline Terrace Housing Corporation, 83-1580963(formerly FC Austin Ten Housing Corporation) FC Balcones Terrace Housing Corporation 87-1732514 FC Burleson Housing Corporation 92-0347356 FC Austin Six Housing Corporation 61-1711763 FC Austin Eleven Housing Corporation 83-1594966FC Austin Twelve Housing Corporation 83-1606631 FC Hwy. 71 Housing, LLC 47-1524782FC SOLA Housing, LLC 47-1527249FC Lakeline Housing, LLC 47-1541322FC 4 Points Housing, LLC 47-4709273FC Tilley Housing, LLC 82-2471788FC North Studios Housing, LLC 83-0881482FC Braker Lane Housing, LLC 84-2697044 FC Highway 45 Housing, LLC 84-3652178FC 1508 S Lamar Housing, LLC 85-2312000FC 2105 Parker Housing LLC 87-2181372FC 11630 N Lamar Housing LLC 92-0349749FC 3811 Tannehill Housing LLC 92-0487646Affiliates incorporated to own future affordable housing projects but with no assets and no activity as of 12/31/2023Central Texas PC Mutual Housing Corporation, 74-2951149FC Maxwell Housing Corporation, 74-3018423FC Manchester Housing Corporation, 74-3018422FC Ashford Housing Corporation, 74-3018421FC Austin Two Housing Corporation, 20-8832986FC Austin Three Housing Corporation, 45-2536080FC Austin Four Housing Corporation, 45-2536121FC Austin Five Housing Corporation, 61-1711649FC Austin Seven Housing Corporation, 38-3905974FC Austin Nine Housing Corporation, 83-1562744FC Austin Thirteen Housing Corporation, 83-1622869FC Austin Fourteen Housing Corporation, 83-1647935FC Austin Fifteen Housing Corporation, 83-1657116 FC Austin Sixteen Housing Corporation 92-0374597FC Austin Seventeen Housing Corporation 92-0376245FC Austin Eighteen Housing Corporation 92-0396622FC Austin Nineteen Housing Corporation 92-0397062FC Austin Twenty Housing Corporation 92-0417457 Statement Note 4 Foundation Communities' Group Affiliates - EIN 74-2678601, Group Exemption Number 7171List of Affiliates not included in 2023 Form 990 Group #7171:FC Mission Plaza, Inc. 83-4321982FC M Station Housing, LLC 26-4307826FC Shady Oaks Housing, LLC 27-1658922FC Downtown Studios Housing, LLC 45-5426309FC Homestead Housing, LLC 46-3515548 FC Highway 71 Housing LLC 3000 S IH 35 Suite 300 Austin TX 78704 471524782 Low income housing TX -56 575 Foundation Communities Inc FC SOLA Housing LLC 3000 S IH 35 Suite 300 Austin TX 78704 471527249 Low income housing TX -64 1680250 Foundation Communities Inc FC Lakeline Housing LLC 3000 S IH 35 Suite 300 Austin TX 78704 471541322 Low income housing TX -63 469 Foundation Communities Inc FC 4 Points Housing LLC 3000 S IH 35 Suite 300 Austin TX 78704 474709273 Low income housing TX 3393 5327 Foundation Communities Inc FC Tilley Housing LLC 3000 S IH 35 Suite 300 Austin TX 78704 822471788 Low income housing TX -54 735 Foundation Communities Inc FC North Studios Housing LLC 3000 S IH 35 Suite 300 Austin TX 78704 830881482 Low income housing TX -70 Foundation Communities Inc FC Braker Housing LLC 3000 S IH 35 Suite 300 Austin TX 78704 842697044 Low income housing TX -85 Foundation Communities Inc FC 1508 S Lamar Housing LLC 3000 S IH 35 Suite 300 Austin TX 78704 852312000 Low income housing TX -125 21453 Foundation Communities Inc FC Highway 45 Housing LLC 3000 S IH 35 Suite 300 Austin TX 78704 843652178 Low income housing TX Foundation Communities Inc FC 2105 Parker Housing LLC 3000 S IH 35 Suite 300 Austin TX 78704 872181372 Low income housing TX 7 3007 Foundation Communities Inc FC 11630 N Lamar Housing LLC 3000 S IH 35 Suite 300 Austin TX 78704 920349749 Low income housing TX 5604 5604 Foundation Communities Inc FC 3811 Tannehill Housing LLC 3000 S IH 35 Suite 300 Austin TX 78704 920487646 Low income housing TX 773 773 Foundation Communities Inc Foundation Communities Inc 3000 S IH 35 Suite 300 Austin TX 78704 742563260 Low income housing and social services TX 501(c)(3) 10 NA false FC Mission Plaza Inc 3000 S Interstate 35 Suite 300 Austin TX 78704 834321982 Community business office rental TX 501(c)(3) 12 Foundation Communities Inc false M Station Housing LP 3000 S IH 35 Suite 300 Austin TX 78704 264307919 Low income housing TX FC M St Hsg LLC related -66 1376 false true 0.00010 Shady Oaks Housing LP 3000 S IH 35 Suite 300 Austin TX 78704 271658966 Low income housing TX FCShady Oaks Hsg LLC related -20 1434 false true 0.00010 Capital Studios Housing LP 3000 S IH 35 Suite 300 Austin TX 78704 455502632 Low income housing TX FC Dwntn Std Hsg LLC related -42 1503 false true 0.00010 FC SW Housing LP Homestead 3000 S IH 35 Suite 300 Austin TX 78704 463523931 Low income housing TX FC Homestead Hsg LLC related -51 1935 false true 0.00010 FC Rutledge Housing LP 3000 S IH 35 Suite 300 Austin TX 78704 471541369 Low income housing TX FC Lakeline Hsg LLC related -63 2328 false true 0.00010 FC Southwest Trails Housing LP 3000 S IH 35 Suite 300 Austin TX 78704 471524907 Low income housing TX FC Hwy 71 Hsg LLC related -56 1216 false true 0.00010 FC Bluebonnet Housing LP 3000 S IH 35 Suite 300 Austin TX 78704 471527271 Low income housing TX FC SOLA Hsg LLC related -64 1713 false true 0.00010 FC Cardinal Point Housing LP 3000 S IH 35 Suite 300 Austin TX 78704 474720972 Low income housing TX FC 4 Points Hsg LLC related -49 2191 false true 0.00010 FC Mueller Housing LP 3000 S IH 35 Suite 300 Austin TX 78704 822482947 Low income housing TX FC Tilley Hsg LLC related -54 2441 false true 0.00010 FC Waters Park Housing LP 3000 S IH 35 Suite 300 Austin TX 78704 830891603 Low income housing TX FC N Studios HsgLLC related -70 2531 false true 0.00010 FC N Lamar Housing LP 3000 S IH 35 Suite 300 Austin TX 78704 842894040 Low income housing TX FC Braker Hsg LLC related -85 2576 false true 0.00010 FC Zilker Housing LP 3000 S IH 35 Suite 300 Austin TX 78704 852352440 Low income housing TX FC 1508 S Lamar Hsg related -125 2608 false true 0.00010 FC Lakeline Mall Housing LP 3000 S IH 35 Suite 300 Austin TX 78704 843671479 Low income housing TX FC Hwy 45 Hsg LLC related -103 3403 false true 0.00010 FC Parker Housing LP 3000 S IH 35 Suite 300 Austin TX 78704 872206484 Low income housing TX FC 2105 Parker Hsg related 6 2981 false true 0.00010 Parker GC Joint Venture LLC 3000 S IH 35 Suite 300 Austin TX 78704 873165238 Low income housing const. TX Foundation Communit related -63811 4582848 false false 0.99000 FC M Station Housing LLC 3000 S IH 35 Suite 300 Austin TX 78704 264307826 Low income housing TX Found Comm C -166 950470 1.00000 false FC Shady Oaks Housing LLC 3000 S IH 35 Suite 300 Austin TX 78704 271658922 Low income housing TX Found Comm C -5012 6415 1.00000 false FC Downtown Studios Housing LLC 3000 S IH 35 Suite 300 Austin TX 78704 455426309 Low income housing TX Found Comm C -68611 2401259 1.00000 false FC Homestead Housing LLC 3000 S IH 35 Suite 300 Austin TX 78704 463515548 Low income housing TX Found Comm C -55 16528 1.00000 false true true true true false false false false false false false false true false true false true false false Foundation Communities Inc a 3841860 accrual Foundation Communities Inc b 353956 accrual Foundation Communities Inc c 830000 cash Foundation Communities Inc d 16182039 cash Foundation Communities Inc m 7033942 cash Foundation Communities Inc o 6389641 cash Foundation Communities Inc q 14492505 cash FC Juniper Creek Housing LP 3000 S IH 35 Suite 300 Austin TX 78704 920417634 Low income housing TX related true 5424 1032 false false 0.00005 AHFC-FC Norman Housing LP 3000 S IH 35 Suite 300 Austin TX 78704 884166025 Low income housing TX related true 773 212 false false 0.00005