2018-06-13T08:31:12-07:00 2017-12-31 464743229 ANN E CLIFT CPA PLLC 9937 DERECHO DR AUSTIN TX 78737 990 2017-01-01 742563260 Foundation Communities Inc FOUN 5124472026 3036 South First Street Austin TX 78704 Walter Moreau Exec. Director 2018-06-11 true Ann Elise Clift CPA P00088174 5123013160 X 2017 2022-09-23 18:48:47Z 25096298 false false 7171 X www.foundcom.org X 1990 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 15 627 2893 0 15958704 16921693 11136215 5404918 1552119 2769687 0 28647038 25096298 563692 602033 0 9970074 10594569 0 845909 3732970 4605649 14266736 15802251 14380302 9294047 130360420 137390680 39244197 36980410 91116223 100410270 X 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 5018560 OPENING DOORS TO HOMESImprovement of overall community stability by providing affordable housing alternatives for low income residents.(3,241 housing units at 22 affordable housing communities in Austin, Dallas-Fort Worth) Strategically pursued new acquisitions, especially for families. Social work case managers provide individual case management to families at or below 30% Median Family Income(CHI program) to assist with issues that risk stability in the household - 142 CHI Units in 2017. Case management services provided for SRO communities(707 units) that house individuals including 60% that have previously been homeless. Property operating costs and revenues are reported at Group Affiliates Form 990 (Tax ID# 74-2678601) 3083781 COMMUNITY ASSET BUILDING PROGRAMS - TAX CENTERS, INSURE CENTRAL TEXAS & FINANCIAL LITERACY PROGRAMS Community tax centers provided free income tax return preparation services for low-income taxpayers that received $57.9 million in tax refunds and credits (36,313 taxpayers provided services by 1,100+ volunteers). 71 clients deposited to savings accounts with matching funds to be used for post-secondary education, home purchases or small business. 913 people completed money management classes or financial coaching, 1,059 clients received assistance completing Free Application for Federal Student Aid. 5,311 people were enrolled in health insurance, claiming $34.4 million Premium Tax Credits. 188 people received $122,719 in Emergency rent or utility assistance. 2777242 LEARNING IN A COMMUNITY1,005 children took part in free after-school and summer learning center programs including pre-literacy, elementary and teen programs, with 98% of students being promoted to next grade level; 211 adults attended ESL classes. Adults are provided with onsite ESL, financial literacy, exercise and healthy living classes. 535028 11414611 true true false true false false false false true false true false false true false true false false false false false false false false false false false false true true false false false false false false false false false false false true false false false true true false false false true 82 0 true 627 true false false false false false false false false 0 false false false true 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 3036 South First Austin TX 787046382 Alicia Wong Secretary 5.00 5.00 X X 0 0 0 David Tandy Treasurer 5.00 5.00 X X 0 0 0 Tom Chmielewski Chair 5.00 5.00 X X 0 0 0 Leslie Pearson Board Member 5.00 5.00 X 0 0 0 Charles DiTullio Board Member 5.00 5.00 X 0 0 0 Jewell Arrington Board Member 5.00 5.00 X 0 0 0 David Hart Board Member 5.00 0.00 X 0 0 0 Freddy Marichal Board Member 5.00 5.00 X 0 0 0 Andrew Clements Board Member 5.00 0.00 X 0 0 0 Michelle Wallis Vice Chair 5.00 0.00 X X 0 0 0 Yvette Boatwright Board Member 5.00 0.00 X 0 0 0 Kellee Coleman Board Member 5.00 5.00 X 0 0 0 Dalton Duffie Board Member 5.00 5.00 X 0 0 0 Anna Sanchez Board Member 5.00 5.00 X 0 0 0 Adrianna Cuellar Rojas Board Member 5.00 5.00 X 0 0 0 Walter Moreau Exec. Director 40.00 40.00 X 192585 0 14268 Ann Clift CFO 40.00 40.00 X 158596 0 12648 Vicki McDonald Dir.Asset Mgmt 40.00 40.00 X 150666 0 11973 Julian Huerta Deputy Director 40.00 40.00 X 149352 0 12416 Sandra Lumley Dir. Prop. Mgmt 40.00 40.00 X 126823 0 10657 Alice Elizabeth Colvin ICT Director 40.00 0.00 X 112910 0 10100 Desiree Golden District Mgr. 40.00 40.00 X 104866 0 9953 995798 82015 7 false true false Hatch Ulland Owen Architects 1010 E 11th Street Austin TX 78702 Arch. design 196950 1 501912 1144288 4907494 10367999 927160 16921693 Asset Management Fees 768347 768347 Development Fees 1298069 1298069 Management Fees 1369004 1369004 Misc. Reimbursements,etc. 15029 15029 Resident Service Fees 1954469 1954469 5404918 2769687 2769687 0 0 0 0 0 0 0 0 25096298 5404918 2769687 0 602033 602033 0 0 995798 217776 692538 85484 0 7870193 5775920 1613410 480863 316204 272649 18794 24761 652392 566420 29870 56102 759982 685669 39292 35021 0 18543 18543 11809 9566 2243 5000 5000 0 0 68219 68219 134321 67714 66607 109574 101519 4962 3093 241107 225929 5750 9428 0 263121 250998 4041 8082 132558 125505 6115 938 0 0 1015783 94685 921098 1120270 1120270 251080 251080 41551 39371 952 1228 Program supplies 333353 333316 37 Predevelopment 227392 227392 Social Service Providers 154874 154874 Uncollectible Pledges 128274 128274 348820 282948 55517 10355 15802251 11414611 3541731 845909 619741 613929 8514031 9369077 8710208 7429591 2828732 2225177 0 0 76697727 85862241 0 53486 78910 4932963 1603060 3401429 3329903 3920166 5715478 0 1567950 1568950 0 24046950 21197424 130360420 137390680 3616414 3090898 330419 179875 31563735 28487652 3733629 5221985 39244197 36980410 X 71868042 79688411 14015724 16489402 5232457 4232457 91116223 100410270 130360420 137390680 9294047 X X false true X true true true X 6673764 13620255 14159847 15958704 16921693 67334263 5427922 4704050 4857845 11136215 5404918 31530950 0 0 0 12101686 18324305 19017692 27094919 22326611 98865213 0 0 98865213 4178 1841937 2240368 1552119 2769687 8408289 0 4178 1841937 2240368 1552119 2769687 8408289 0 0 12105864 20166242 21258060 28647038 25096298 107273502 0.92160 0.94070 0.07840 0.05930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false true false false false true 5000 true false false 5000 false false Part II-B, Line 1i - Other Activities Description Various staff may spend time on communications to inform local and state lawmakers of issues related to low-income housing projects and predatory lending issues that impact low-income households. false true X 1374725 1374725 1928060 402350 1525710 493604 356523 137081 981897 689510 292387 154677 154677 3329903 Dev. Fees Receivable 6518309 Escrow deposits 110000 Int. Receivable from Affil. 10517434 Int. Receivable from non-affil. 3455514 Mgmt. Fees & Misc. due from affil. 596166 Rounding 1 21197424 X Part IV, Line 2b: Explanation of escrow account liability Foundation Communities holds funds from grant sources and internally designated funds for a matched savings program and scholarships as part of a Financial Literacy education program. Matched savings program participant's savings are matched with funds from the escrow for three eligible purposes - home purchase, secondary education or small business start-up. Part V, Line 4: Intended uses of the endowment fund. Neighborworks America has granted Capital funds for the establishment of a revolving loan pool that Foundation Communities uses to acquire and improve low-income housing. Foundation Communities loans these funds to affiliate organizations for the acquisition and improvements made to low income properties.Additional endowment funds are held by Austin Community Foundation as designated by donors for future support of Foundation Communities. As of December 31, 2017, Austin Community Foundation had received $168,792 in donations since its inception and the fair market value of the endowment fund was $257,500 at 12-31-2017. 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. true 0 0 Rent assistance 243 161239 Payments for housing Rent and security deposits Household assistance 6668 338264 Purchases Food, utilities & education Transportation/bus passes 765 16113 Cost of bus passes Daily bus passes Medical assistance 97 86417 Cost pd. to providers Medical services Grantmaker's Description of How Grants are Used Grant funds and assistance to individuals are monitored through approval processes to disburse funds directly to service providers. true X X X X false false false false false false false true false false Ann Clift CFO 142596 16000 8220 4428 171244 Julian Huerta Deputy Director 141352 8000 7988 4428 161768 Vicki McDonald Dir.Asset Mgmt 134666 16000 7545 4428 162639 Walter Moreau Exec. Director 176585 16000 9840 4428 206853 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. X Imputed Interest 1 927160 accrual false true false Client Note 1 Client Note 1 - 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 2017 REVENUE PER THE FORMS 990 TO THE 2017 AUDITED FINANCIAL STATEMENTS Revenue ExpensesPer Form 990Foundation Communities(74-2563260) 25,096,298 15,802,251Affiliates (74-2678601) 21,379,615 22,737,238Total before Eliminations 46,475,913 38,539,489Less Eliminations (7,119,873) (7,615,589) (see audit report supplemental info)Total after eliminations 39,356,040 30,923,900Plus LP and LLC entities included in2017 Audited Financials but not part of exempt group per status asseparate taxable entities 143,012 231,799 [LLC entities not included in exempt groupdue to taxable status under IRC 168(h)(6)(F)(ii)] (see audit report supplemental info)2017 Audited Financials 39,499,052 31,155,699 Form 990, Part III, Line 4d: Other Program Services Description OTHER PROGRAM SERVICES 4: HEALTHY LIVING - Classes and activities provided at no cost to community residents on nutrition, exercise and healthy lifestyle choices. 3,114 individuals (2,115 adults and 999 youth) participated in 1,296 exercise activities, nutrition classes and health fairs. Staff wellness activities included biometric screenings, athletic events and health insurance incentives. Health Initiatives staff worked with on-site learning centers to wrap health and wellness goals into after school programs and supportive housing facilities via physical activity programs and nutrition education curriculum. Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et 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, Line 11b: Form 990 Review Process Form 990 is reviewed by senior staff and then the Finance/Audit committee before filing with IRS. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts 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, Line 15a: Compensation Review & Approval Process - CEO, Top Management Executive Committee reviews performance annually and approves top management compensation. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees Executive Committee reviews and approves compensation of Executive Director. Executive Director reviews and approves compensation of all other employees. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Mailed or e-mailed upon request. Also available on Guidestar website Form 990, Part XII, Line 2: Change of Oversight or Selection Process 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, Inc. is included in the audited financial statements and single audit report for the combined group of Foundation Communities, Inc. and its affiliates. FC Highway 71 Housing LLC 3036 South First Street Austin TX 78704 471524782 Low income housing TX -63 937 Foundation Communities Inc FC SOLA Housing LLC 3036 South First Street Austin TX 78704 471527249 Low income housing TX -69 1430890 Foundation Communites Inc FC Lakeline Housing LLC 3036 South First Street Austin TX 78704 471541322 Low income housing TX -154 846 Foundation Communities Inc FC 4 Points Housing LLC 3036 South First Street Austin TX 78704 474709273 Low income housing TX -11 2888 Foundation Communities Inc FC Tilley Housing LLC 3036 South First Street Austin TX 78704 822471788 Low income housing TX 1000 Foundation Communities Inc Buckingham Mutual Housing Corp 3036 South First St Austin TX 78704 742602616 Low income housing TX 501(c)(3) 9 Foundation Communities Inc false Cherry Creek Mutual Housing Corp 3036 S First St Austin TX 78704 742539401 Low income housing TX 501(c)(3) 9 Foundation Communities Inc false Crossroads Mutual Housing Corp 3036 S First St Austin TX 78704 742564401 Low income housing TX 501(c)(3) 9 Foundation Communities Inc false Saint Elmo Mutual Housing Corp 3036 S First St Austin TX 78704 742592916 Low income housing TX 501(c)(3) 9 Foundation Communities Inc false Village Green Mutual Housing Corp 3036 S First St Austin TX 78704 742941951 Low income housing TX 501(c)(3) 9 Foundation Communities Inc false Daffodil Mutual Housing Corp 3036 S First St Austin TX 78704 742763624 Low income housing TX 501(c)(3) 9 Foundation Communities Inc false Sleepy Hollow Mutual Housing Corp 3036 S First St Austin TX 78704 742748154 Low income housing TX 501(c)(3) 9 Foundation Communities Inc false Shadow Brook Mutual Housing Corp 3036 S First St Austin TX 78704 742748153 Low income housing TX 501(c)(3) 9 Foundation Communities Inc false Peters Colony Mutual Housing Corp 3036 S First St Austin TX 78704 742748151 Low income housing TX 501(c)(3) 9 Foundation Communities Inc false Spring Terrace Housing Corp 3036 S First St Austin TX 78704 203499523 Low income housing TX 501(c)(3) 9 Foundation Communities Inc false Garden Terrace Housing Corp 3036 S First St Austin TX 78704 743019950 Low income housing TX 501(c)(3) 9 Foundation Communities Inc false Central Texas Searight Housing Corp 3036 S First St Austin TX 78704 742877220 Low income housing TX 501(c)(3) 9 Foundation Communities Inc false Central Texas SWA Mutual Housing Corp 3036 S First St Austin TX 78704 742914069 Low income housing TX 501(c)(3) 9 Foundation Communities Inc false Central Texas PC Mutual Housing Corp 3036 S First St Austin TX 78704 742951149 Low income housing TX 501(c)(3) 9 Foundation Communities Inc false Arbor Terrace Housing Corp 3036 S First St Austin TX 78704 208832910 Low income housing TX 501(c)(3) 9 Foundation Communities Inc false FC Austin Two Housing Corp 3036 S First St Austin TX 78704 208832986 Low income housing TX 501(c)(3) 9 Foundation Communities Inc false FC Austin Three Housing Corp 3036 South First Street Austin TX 78704 452536080 Low income housing TX 501c3 9 Foundation Communities Inc false FC Austin Four Housing Corp 3036 South First Street Austin TX 78704 452536121 Low income housing TX 501c3 9 Foundation Communities Inc false FC Maxwell Housing Corp 3036 South First St Austin TX 78704 743018423 Low income housing TX 501c3 9 Foundation Communities Inc false FC Manchester Housing Corp 3036 South First Street Austin TX 78704 743018422 Low income housing TX 501c3 9 Foundation Communities Inc false FC Austin Five Housing Corp 3036 South First Street Austin TX 78704 611711649 Low income housing TX 501c3 9 Foundation Communities Inc false FC Austin Six Housing Corp 3036 South First Street Austin TX 78704 611711763 Low income housing TX 501c3 9 Foundation Communities Inc false FC Austin Seven Housing Corp 3036 South First Street Austin TX 78704 383905974 Low income housing TX 501c3 9 Foundation Communities Inc false FC Ashford Housing Corporation 3036 South First St Austin TX 78704 743018421 Low income housing TX 501c3 9 Foundation Communities Inc false SWA Housing Ltd 3036 S First Street Austin TX 78704 742914068 Low income housing TX SWA Funding Corp related -65264 false true 1.00000 Skyline Terrace Hsg LP 3036 S First St Austin TX 78704 205250955 Low income housing TX FC Skyline Hsg LLC related -20 67 false true 0.00010 Shady Oaks Hsg LP 3036 South First Street Austin TX 78704 271658966 Low income housing TX FC Shady Oaks HsgLLC related -30 1732 false true 0.00010 M Station Hsg LP 3036 South First Street Austin TX 78704 264307919 Low income housing TX FC M Station Hsg LLC related -62 1945 false true 0.00010 Capital Studios Hsg LP 3036 South First Street Austin TX 78704 455502632 Low income housing TX FC Dwntown StHsgLLC related -76 1761 false true 0.00010 FC SW Housing LP 3036 South First Street Austin TX 78704 463523931 Low income housing TX FC Homestead Hsg LLC related -138 2359 false true 0.00010 FC Rutledge Hsg LP 3036 South First Street Austin TX 78704 471541369 Low income housing TX FC Lakeline Hsg LLC related -154 2677 false true 0.00010 FC Southwest Trails Hsg LP 3036 South First Street Austin TX 78704 471524907 Low income housing TX FC Hwy 71 Hsg LLC related -60 1460 false true 0.00010 FC Bluebonnet Hsg LP 3036 South First Street Austin TX 78704 471527271 Low income housing TX FC SOLA Hsg LLC related -69 1940 false true 0.00010 FC Cardinal Point Housing LP 3036 South First St Austin TX 78704 474720972 Low income housing TX FC 4 Points Hsg LLC related -36 2508 false true 0.00010 FC Mueller Housing LP 3036 South First Street Austin TX 78704 822482947 Low income housing TX FC Tilley Hsg LLC related 160 false true 0.00010 FC Skyline Terrace Hsg LLC 3036 South First Street Austin TX 78704 205368522 Low income housing TX Found Comm C 1557952 1.00000 false FC M Station Hsg LLC 3036 South First Street Austin TX 78704 264307826 Low income housing TX Found Comm C 17017 1111431 1.00000 false FC Shady Oaks Hsg LLC 3036 South First Street Austin TX 78704 271658922 Low income housing TX Found Comm C 557451 1.00000 false FC Downtown Studios Housing LLC 3036 South First Street Austin TX 78704 455426309 Low income housing TX Found Comm C 109270 2775452 0.49000 false FC Homestead Housing LLC 3036 South First Street Austin TX 78704 463515548 Low income housing TX Found Comm C 5001 6928 1.00000 false CTSWA Funding Corp 3036 South First Street Austin TX 78704 742973220 Low income housing TX CTSWA Mutual Hsg C 287878 1.00000 false true true true true true false false false false false false true true true false true true false false Buckingham Mutual Housing Corp a 2941 accrued Buckingham Mutual Housing Corp c 210000 cash disb. Buckingham Mutual Housing Corp l 368314 fees pd. Buckingham Mutual Housing Corp p 9480 cash disb. Cherry Creek Mutual Housing Corp a 1918 accrued Cherry Creek Mutual Housing Corp b 160000 cash disb. Cherry Creek Mutual Housing Corp l 269360 fees pd. Cherry Creek Mutual Housing Corp p 8213 cash disb. Crossroads Mutual Housing Corp a 51778 accrued Crossroads Mutual Housing Corp b 110000 cash disb. Crossroads Mutual Housing Corp l 157614 fees pd Crossroads Mutual Housing Corp p 5622 cash disb Saint Elmo Mutual Housing Corp a 28712 accrued Saint Elmo Mutual Housing Corp b 22147 cash disb. Saint Elmo Mutual Housing Corp c 245000 cash disb. Saint Elmo Mutual Housing Corp l 245840 fees pd. Saint Elmo Mutual Housing Corp p 10310 cash disb. Village Green Mutual Housing Corp a 501458 accrued Village Green Mutual Housing Corp b 239457 cash disb Village Green Mutual Housing Corp l 120665 fees pd. Village Green Mutual Housing Corp q 18645 cash disb. Daffodil Mutual Housing Corp a 47631 accrued Daffodil Mutual Housing Corp b 93214 accrued Daffodil Mutual Housing Corp l 29649 fees pd. Daffodil Mutual Housing Corp p 5882 Sleepy Hollow Mutual Housing Corp a 12900 accrued Sleepy Hollow Mutual Housing Corp c 44000 cash disb. Sleepy Hollow Mutual Housing Corp e 12000 cash disb. Sleepy Hollow Mutual Housing Corp l 156815 fees pd. Sleepy Hollow Mutual Housing Corp p 8202 cash disb. Shadow Brook Mutual Housing Corp c 225000 cash disb. Shadow Brook Mutual Housing Corp e 3733629 loan repayment Shadow Brook Mutual Housing Corp l 747043 cash disb. Shadow Brook Mutual Housing Corp p 20019 cash disb. Peters Colony Mutual Housing Corp c 70000 cash disb. Peters Colony Mutual Housing Corp l 363044 fees pd. Peters Colony Mutual Housing Corp p 10070 cash disb. Spring Terrace Housing Corp a 229868 accrued Spring Terrace Housing Corp b 288398 accrued Spring Terrace Housing Corp l 86512 fees pd. Spring Terrace Housing Corp p 11153 cash disb. Garden Terrace Housing Corp a 29585 accrued Garden Terrace Housing Corp b 353034 accrued Garden Terrace Housing Corp d 1458459 const. loans Garden Terrace Housing Corp e 63710 loan pmts. Garden Terrace Housing Corp l 65093 fees pd. Garden Terrace Housing Corp p 35199 cash disb. Central Texas Searight Housing Corp a 252069 accrued Central Texas Searight Housing Corp l 423777 fees pd. Central Texas Searight Housing Corp p 7730 cash disb. Central Texas SWA Mutual Housing Corp a 176783 accrued Central Texas SWA Mutual Housing Corp b 124020 accrued Central Texas SWA Mutual Housing Corp c 61289 cash disb. Central Texas SWA Mutual Housing Corp l 157698 cash disb. Central Texas SWA Mutual Housing Corp p 15005 cash disb. Arbor Terrace Housing Corp a 2413 accrued Arbor Terrace Housing Corp c 1900 cash disb. Arbor Terrace Housing Corp e 58587 cash disb. Arbor Terrace Housing Corp l 197511 fees pd. Arbor Terrace Housing Corp p 10454 cash disb. FC Downtown Studios Housing LLC l 9444 fees pd. FC Downtown Studios Housing LLC p 1678 cash disb.