2017-08-14T09:10:51-07:00 2016-12-31 ANN E CLIFT CPA PLLC 9937 DERECHO DR AUSTIN TX 78737 990 2016-01-01 742563260 Foundation Communities Inc FOUN 5124472026 3036 South First St Austin TX 78704 Walter Moreau Exec. Director 2017-08-14 true Ann Elise Clift CPA P00088174 5123013160 X 2016 2021-01-29 14:40:06Z 28647038 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 15 559 2669 0 14159847 15958704 7072376 11136215 25837 1552119 0 21258060 28647038 317633 563692 0 10138267 9970074 0 705584 3008314 3732970 13464214 14266736 7793846 14380302 112711216 130360420 35975295 39244197 76735921 91116223 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 3898505 OPENING DOORS TO HOMESImprovement of overall community stability by providing affordable housing alternatives for low income residents.(2,948 housing units at 19 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 - 128 CHI Units in 2016. Case management services provided for SRO communities(600 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) 2982970 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 $56.8 million in tax refunds and credits (34,243 taxpayers provided services by 1,000+ volunteers). 515 clients deposited to savings accounts with matching funds to be used for post-secondary education, home purchases or small business. 722 people completed money management classes or financial coaching, 1,306 clients received assistance completing Free Application for Federal Student Aid. 9,095 households received education/assistance on Affordable Care Act and 5,186 individuals enrolled in health insurance, claiming $14 million Premium Tax Credits. 189 people received $88,186 in Emergency Assistance. 2672804 LEARNING IN A COMMUNITY999 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; 220 adults attended ESL classes. Adults are provided with onsite ESL, financial literacy, exercise and healthy living classes. 411497 9965776 true true false true false false false false true false true false false true false true false true 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 false true 91 0 true 559 true false false false false false false false false 0 false false false true false false false false false false X 15 15 false 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 Board Member 5.00 5.00 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 Jason Qunell Board Member 5.00 5.00 X 0 0 0 Freddy Marichal Treasurer 5.00 5.00 X X 0 0 0 Danny Hamilton Board Member 5.00 5.00 X 0 0 0 Michelle Wallis Board Member 5.00 0.00 X 0 0 0 Christina Cohee Vice Chair 5.00 5.00 X 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 177735 0 13363 Ann Clift CFO 40.00 40.00 X 149472 0 12027 Vicki McDonald Dir.Asset Mgmt 40.00 40.00 X 141746 0 11372 Julian Huerta Deputy Director 40.00 40.00 X 148299 0 12191 Sandra Lumley Dir. Prop. Mgmt 40.00 40.00 X 141494 0 11150 Alice Elizabeth Colvin ICT Director 40.00 0.00 X 109556 0 9598 Sunshine Mathon Dev. Director 40.00 40.00 X 129254 0 10830 997556 80531 7 false true false None over 100000 0 923000 8247106 6788598 983138 15958704 Asset Management Fees 747820 747820 Development Fees 6072106 6072106 Interest on Affil. Notes 1249473 1249473 Management Fees 1186268 1186268 Resident Service Fees 1771033 1771033 109515 109515 11136215 1552119 1552119 0 0 0 0 0 0 0 0 28647038 11136215 1552119 0 563692 563692 0 0 803180 313563 445183 44434 0 7606685 5538695 1760403 307587 293007 252501 20632 19874 600096 510662 62187 27247 667106 601489 30222 35395 0 54236 54236 12397 12397 5429 5429 0 0 230354 221303 9051 140624 72900 412 67312 102479 93578 8045 856 226138 204257 6192 15689 0 308563 295842 8389 4332 130097 125055 1752 3290 0 0 930978 930978 0 220200 220200 24706 24706 Social Service Providers 493290 493290 Program supplies 379935 378824 1111 Uncollectible Pledges 155906 155906 Printing and Publications 91259 80963 8931 1365 226379 122394 81688 22297 14266736 9965776 3595376 705584 476590 619741 10829857 12434197 7659625 8710208 4826556 2828732 0 0 68081688 76697727 0 68466 53486 4753409 1351980 1477322 3401429 0 0 1568940 1567950 0 17722172 24046950 112711216 130360420 4983849 3616414 75000 340790 330419 26442323 31563735 4133333 3733629 35975295 39244197 X 58896734 71868042 12056730 14015724 5782457 5232457 76735921 91116223 112711216 130360420 14380302 X X false true X true true true X 8284453 6673764 13620255 14159847 15958704 58697023 4862170 5427922 4704050 4857845 11136215 30988202 0 0 0 13146623 12101686 18324305 19017692 27094919 89685225 0 0 89685225 15003 4178 1841937 2240368 1552119 5653605 0 15003 4178 1841937 2240368 1552119 5653605 0 0 13161626 12105864 20166242 21258060 28647038 95338830 0.94070 0.94700 0.05930 0.05300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false true true false false true 900 true true false 900 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 336223 1591837 513302 297956 215346 782645 563124 219521 154677 154677 3401429 Dev. Fees Receivable 9221754 Int. Receivable from Affil. 11932870 Int. Receivable from non-affil. 2281914 Mgmt. Fees & Misc. due from affil. 610412 24046950 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, 2016, Austin Community Foundation had received $168,792 in donations since its inception and the fair market value of the endowment fund was $219,901 at 12-31-2016. 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 1035 163841 Payments for housing Rent and security deposits Household assistance 2611 255486 Purchases Food, utilities & education Transportion/bus passes 2080 15859 Cost of bus passes Daily bus passes Medical assistance 627 128506 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 138472 11000 7754 4273 161499 Julian Huerta Deputy Director 143299 5000 7918 4273 160490 Sandra Lumley Dir. Prop. Mgmt 136494 5000 6877 4273 152644 Vicki McDonald Dir.Asset Mgmt 134246 7500 7099 4273 153118 Walter Moreau Exec. Director 176735 1000 9090 4273 191098 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 177532 Comp. purchase X Imputed Interest 1 805606 Accrual false false 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 2016 REVENUE PER THE FORMS 990 TO THE 2016 AUDITED FINANCIAL STATEMENTS Revenue ExpensesPer Form 990Foundation Communities(74-2563260) 28,647,038 14,266,736Affiliates (74-2678601) 18,854,922 20,080,727Total before Eliminations 47,501,960 34,347,463Less Eliminations (7,249,058) (7,320,751) (see audit report supplemental info)Total after eliminations 40,252,902 27,026,712Plus LP and LLC entities included in2016 Audited Financials but not part of exempt group per status asseparate taxable entities 1,643,274 2,203,858 [LLC entities not included in exempt groupdue to taxable status under IRC 168(h)(6)(F)(ii)] (see audit report supplemental info)2016 Audited Financials 41,896,176 29,230,570 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. 2,610 individuals (2,097 adults and 513 youth) participated in 847 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 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 -26 974 Foundation Communities Inc FC SOLA Housing LLC 3036 South First Street Austin TX 78704 471527249 Low income housing TX -43 1430957 Foundation Communites Inc FC Lakeline Housing LLC 3036 South First Street Austin TX 78704 471541322 Low income housing TX -10 990 Foundation Communities Inc FC 4 Points Housing LLC 3036 South First Street Austin TX 78704 474709273 Low income housing TX 1 2898 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 -472775 5808875 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 -19 780 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 -49 1781 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 -76 1969 false true 0.00010 Capital Studios Hsg LP 3036 South First Street Austin TX 78704 455502632 Low income housing TX FC Dwntown StHsgLLC related -77 1834 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 -69 2561 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 -12 2596 false true 0.00010 Homestead GC JV 3036 South First Street Austin TX 78704 464556445 Construction of low income hsg TX Foundation Comm related 1650 false true 0.99000 FC Southwest Trails Hsg LP 3036 South First Street Austin TX 78704 471524907 Low income housing TX FC Hwy 71 Hsg LLC related -26 1490 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 -43 1953 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 757 false true 0.00010 FC Skyline Terrace Hsg LLC 3036 South First Street Austin TX 78704 205368522 Low income housing TX Found Comm C -19 1557931 1.00000 false FC M Station Hsg LLC 3036 South First Street Austin TX 78704 264307826 Low income housing TX Found Comm C -64 1094230 1.00000 false FC Shady Oaks Hsg LLC 3036 South First Street Austin TX 78704 271658922 Low income housing TX Found Comm C -48 547317 1.00000 false FC Downtown Studios Housing LLC 3036 South First Street Austin TX 78704 455426309 Low income housing TX Found Comm C -107380 2809883 0.49000 false FC Homestead Housing LLC 3036 South First Street Austin TX 78704 463515548 Low income housing TX Found Comm C -149 1970 1.00000 false CTSWA Funding Corp 3036 South First Street Austin TX 78704 742973220 Low income housing TX CTSWA Mutual Hsg C -166 817 1.00000 false true true true true true false false false false false false true true true true false true false false Buckingham Mutual Housing Corp c 160000 cash Buckingham Mutual Housing Corp l 354343 cash Buckingham Mutual Housing Corp q 603257 cash Cherry Creek Mutual Housing Corp c 200000 cash Cherry Creek Mutual Housing Corp l 257927 cash Cherry Creek Mutual Housing Corp q 432049 cash Crossroads Mutual Housing Corp e 54926 cash Crossroads Mutual Housing Corp l 150782 cash Crossroads Mutual Housing Corp q 279244 cash Saint Elmo Mutual Housing Corp b 7000 cash Saint Elmo Mutual Housing Corp d 168533 cash Saint Elmo Mutual Housing Corp l 235809 cash Saint Elmo Mutual Housing Corp q 515285 cash Village Green Mutual Housing Corp a 502102 accrual Village Green Mutual Housing Corp b 283004 cash Village Green Mutual Housing Corp d 90000 cash Village Green Mutual Housing Corp l 113703 cash Village Green Mutual Housing Corp q 485444 cash Daffodil Mutual Housing Corp a 47631 accrual Daffodil Mutual Housing Corp b 82791 cash Daffodil Mutual Housing Corp l 29203 cash Daffodil Mutual Housing Corp q 86101 cash Sleepy Hollow Mutual Housing Corp a 40521 accrual Sleepy Hollow Mutual Housing Corp e 11069 cash Sleepy Hollow Mutual Housing Corp l 156408 cash Sleepy Hollow Mutual Housing Corp q 163689 cash Shadow Brook Mutual Housing Corp c 465000 cash Shadow Brook Mutual Housing Corp l 733114 cash Shadow Brook Mutual Housing Corp q 741823 cash Peters Colony Mutual Housing Corp c 98000 cash Peters Colony Mutual Housing Corp l 349704 cash Peters Colony Mutual Housing Corp q 356183 cash Spring Terrace Housing Corp a 230238 accrual Spring Terrace Housing Corp b 262416 accrual Spring Terrace Housing Corp l 84835 cash Spring Terrace Housing Corp q 332254 cash Garden Terrace Housing Corp a 47179 accrual Garden Terrace Housing Corp b 360787 accrual Garden Terrace Housing Corp d 111682 cash Garden Terrace Housing Corp e 61216 cash Garden Terrace Housing Corp l 66377 cash Garden Terrace Housing Corp q 288536 cash Central Texas Searight Housing Corp a 217709 accrual Central Texas Searight Housing Corp l 409744 cash Central Texas Searight Housing Corp q 763420 cash Central Texas SWA Mutual Housing Corp a 55554 accrual Central Texas SWA Mutual Housing Corp b 126923 accrual Central Texas SWA Mutual Housing Corp e 38875 cash Arbor Terrace Housing Corp e 79629 cash Arbor Terrace Housing Corp l 197018 cash Arbor Terrace Housing Corp q 443618 cash SWA Housing Ltd l 146735 cash SWA Housing Ltd q 386936 cash Skyline Terrace Hsg LP a 12910 accrual Skyline Terrace Hsg LP l 38029 cash Skyline Terrace Hsg LP q 290533 cash Shady Oaks Hsg LP a 94964 accrual Shady Oaks Hsg LP l 11025 cash Shady Oaks Hsg LP q 781637 cash M Station Hsg LP a 57549 accrual M Station Hsg LP l 74628 cash M Station Hsg LP q 368427 cash Capital Studios Hsg LP a 42653 accrual Capital Studios Hsg LP e 1310083 cash Capital Studios Hsg LP l 61505 cash Capital Studios Hsg LP q 270795 cash FC SW Housing LP a 98392 accrual FC SW Housing LP e 885100 cash FC SW Housing LP l 141837 cash FC SW Housing LP q 757744 cash FC Rutledge Hsg LP a 187936 accrual FC Rutledge Hsg LP d 2070778 cash FC Rutledge Hsg LP q 38738 cash FC Southwest Trails Hsg LP a 108554 accrual FC Southwest Trails Hsg LP d 2664609 cash FC Southwest Trails Hsg LP q 11327 cash FC Bluebonnet Hsg LP a 188130 accrual FC Bluebonnet Hsg LP d 6151746 cash FC Bluebonnet Hsg LP q 35755 cash FC Cardinal Point Housing LP a 139141 accrual FC Cardinal Point Housing LP d 715362 cash