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Foundation Communities Inc

EIN 74-2563260 · Austin, TX

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong96 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

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.

Income
$50.0 million
Spending
$34.1 million
Spent on programs
85%
Reserves
53.7 months of spending
Largest source of income
donations and private grants, 47%
Employees
821
Volunteers
3,384
Highest pay
$430,112, exec. director

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 96 out of 100. Higher than 91% of charities in its peer group (housing, $10m to $100m).

  • Reserves

    35 of 35

    Spendable reserves would cover 53.7 months of spending.

  • Debt

    16 of 20

    It owes 29% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 32% of income.

  • Income trend

    15 of 15

    Income rose 21% on the year before.

  • Spending floor

    15 of 15

    85% of spending went to programs and raising each dollar of donations cost 4 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 44% of charities in its peer group (housing, $10m to $100m).

  • Independent board

    25 of 25

    15 of 15 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $16.5 million spent. OPENING DOORS TO HOMES - AFFORDABLE HOUSING AND SUPPORTIVE SERVICESIMPROVE COMMUNITY STABILITY BY PROVIDING AFFORDABLE HOUSING FOR LOW-INCOME RESIDENTS 4395 UNITS AT 32 AFFORDABLE HOUSING COMMUNITIES IN AUSTIN, NORTH TEXAS AREA) CASE MANAGERS PROVIDE SUPPORT TO 242 FAMILIES AT OR BELOW 30% MEDIAN FAMILY INCOME (CHI PROGRAM) OR WHICH WERE FORMERLY HOMELESS. LAST YEAR, 969 INDIVIDUALS LIVED IN OUR SRO COMMUNITIES, OVER 53% OF WHOM WERE FORMERLY HOMELESS. CASE MANAGERS IN OUR SUPPORTIVE HOUSING COMMUNITIES FOR SINGLE ADULTS FOCUS THEIR WORK ON 6 MAIN AREAS OF SUPPORT INCLUDING PRIMARY/DENTAL CARE, BEHAVIORAL HEALTH, HOUSING STABILITY, INCOME STABILITY, SOCIAL CONNECTEDNESS AND EDUCATION/EMPLOYMENT. CASE MANAGEMENT FOR FAMILIES IS COMMITTED TO PROVIDING COMPREHENSIVE SERVICES THAT MEET THE DIVERSE NEEDS OF EVERY FAMILY MEMBER WITHIN EACH HOUSEHOLD. WE UTILIZE A TRAUMA-INFORMED APPROACH TO SUPPORT, EMPHASIZING SELF-DETERMINATION AND THE DEVELOPMENT OF SMART GOALS TO EMPOWER FAMILIES. OUR CASE MANAGERS EXPERTLY APPLY TECHNIQUES FROM BOTH THE PROGRESSIVE ENGAGEMENT AND INTENSIVE FINANCIAL STABILITY MODELS, ALLOWING THEM TO TAILOR THEIR METHODS TO FIT THE UNIQUE CIRCUMSTANCES OF EACH RESIDENT.THE CHILDREN'S HOME INITIATIVE PROGRAM FOCUSES ON FOSTERING LONG-TERM SUCCESS IN KEY AREAS, INCLUDING HOUSING STABILITY, FINANCIAL SECURITY, CHILDREN'S HEALTH AND WELL-BEING, EDUCATION, EMPLOYMENT, AND MENTAL AND PHYSICAL HEALTH. FROM THE MOMENT FAMILIES MOVE INTO THEIR HOMES, WE OFFER A VARIETY OF VALUABLE SERVICES, INCLUDING ACCESS TO BASIC NEEDS, MEDICAL AND BEHAVIORAL HEALTH SERVICES, RESOURCES TO INCREASE INCOME, COMMUNITY-BUILDING INITIATIVES, PARENTING AND FINANCIAL EDUCATION SUPPORT, SCHOOL ADVOCACY, ADULT EDUCATION OPPORTUNITIES, AFTER-SCHOOL PROGRAMMING, AND CAREER GUIDANCE . PROPERTY OPERATIONS ARE REPORTED AT GROUP AFFILIATES FORM 990 (TAX ID#74-2678601)
  2. $4.9 million spent. PROSPER CENTER PROGRAMS - TAX HELP, HEALTH COVERAGE, FINANCIAL WELLNESSFOUNDATION COMMUNITIES' COMMUNITY TAX HELP PROGRAMS IN AUSTIN, DALLAS AND ARLINGTON PROVIDED FREE INCOME TAX RETURN PREPARATION SERVICES FOR LOW-INCOME TAXPAYERS THAT RECEIVED $42,971,618 MILLION IN TAX REFUNDS. MORE THAN 741 STAFF AND VOLUNTEERS PREPARED 30,550 TAX RETURNS. THE HEALTH COVERAGE PROGRAM HELPED 5,421 PEOPLE ENROLL IN HEALTH INSURANCE, CLAIMING $40,184,216 IN PREMIUM TAX CREDITS. ADDITIONALLY, THE HEALTH COVERAGE AND BENEFITS ASSISTANCE PROGRAMS HELPED 2,160 PEOPLE APPLY FOR CHIP OR MEDICAID. USING OUR FINANCIAL WELLNESS SERVICES, 212 RESIDENTS RECEIVED MORE THAN $199,914 IN EMERGENCY RENT OR UTILITY ASSISTANCE FUNDS AND 501 RESIDENTS PARTICIPATED IN A PROGRAM DESIGNED TO IMPROVE THEIR CREDIT SCORES.
  3. $5.0 million spent. LEARNING IN A COMMUNITY - YOUTH AND ADULT LEARNING546 ELEMENTARY CHILDREN TOOK PART IN FREE AFTER-SCHOOL AND SUMMER LEARNING CENTER PROGRAMS FOR ELEMENTARY AND 62 PARTICIPATED IN TEEN OUT OF SCHOOL TIME PROGRAMS. ADDITIONALLY, ADULTS ARE PROVIDED WITH ONSITE AND VIRTUAL ESL CLASSES, DIGITAL LITERACY SUPPORT, AS WELL AS COLLEGE AND CAREER COACHING. 275 ADULTS PARTICIPATED IN OUR ADULT EDUCATION PROGRAMS, INCLUDING 179 THROUGH ESL, AND 96 THROUGH DIGITAL LITERACY. THE COLLEGE HUB PROVIDED COLLEGE SUPPORT SERVICES TO 796 STUDENTS THROUGH INDIVIDUAL APPOINTMENTS AND SECURED $985,284 IN GRANTS AND SCHOLARSHIPS. THE TEAM FACILITATED OR PARTICIPATED IN 22 TOTAL COMMUNITY EVENTS, CONNECTING WITH 1,287 TOTAL ATTENDEES. 138 SUCCEED STUDENTS WITH 1340 STUDENT APPOINTMENTS. OUR CAREER PROJECT SERVED 113 NEW INDIVIDUALS IN THE PAST YEAR.
  4. $2.5 million spent. HEALTHY LIVING - HEALTH AND WELLNESS SUPPORTIVE PROGRAMMING IS PROVIDED AT NO COST TO RESIDENTS AND THE COMMUNITY. SERVICES AND PROGRAMS INCLUDE HEALTH EDUCATION, PHYSICAL FITNESS, ON-SITE HEALTHY FOOD PANTRIES, HEALTH SCREENINGS AND VACCINATIONS, HEALTH COORDINATION/CHRONIC DISEASE MANAGEMENT THROUGH COMMUNITY HEALTH WORKERS AND EMPLOYEE WELLNESS PROGRAMMING. IN 2024, 13,778 PEOPLE PARTICIPATED IN HEALTH INITIATIVES PROGRAMMING WHICH INCLUDED 1,602 FITNESS AND HEALTH EDUCATION PARTICIPANTS AND 12,176 HEALTH AND NUTRITION SERVICE PARTICIPANTS. THE AUSTIN AND NORTH TEXAS FOOD PANTRIES PROVIDED 372,691 POUNDS OF FOOD IN 2024. ADDITIONALLY, 383 DOSES OF FLU VACCINE AND 51 DOSES OF COVID-19 VACCINE WERE PROVIDED AT ONSITE CLINICS.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.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since May 1990.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.