2014-08-14T07:37:12-07:00 2013-12-31 ANN E CLIFT CPA PLLC 248 ADDIE ROY RD STE B301 AUSTIN TX 787464101 990 2013-01-01 742563260 Foundation Communities Inc FOUN 5124472026 3036 South First St Austin TX 78704 Walter Moreau Exec. Director 2014-08-14 true Ann Elise Clift CPA P00088174 5123013160 X 2013 2015-11-30 17:44:51Z Walter Moreau 3036 S First Suite 200 Austin TX 78704 12512653 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. 14 14 424 2180 0 8284453 6673765 4862170 5427922 15003 410966 0 13161626 12512653 376301 493332 0 5519245 6223390 0 724868 1548805 3602684 7444351 10319406 5717275 2193247 63838013 81500065 12032917 20893722 51805096 60606343 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. true false 3693910 493332 OPENING DOORS TO HOMESImprovement of overall community stability by providing affordable housing alternatives for low income residents.(2,673 housing units at 17 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 - 101 CHI Units in 2013. Case management services provided for SRO communities that house individuals that have previously been homeless(465 units). Property operating costs and revenues are reported at Group Affiliates Form 990 (Tax ID# 74-2678601) 2060509 LEARNING IN A COMMUNITY1005 children took part in free after-school, pre-literacy, elementary and teen programs or summer learning center programs, with 92% of students being promoted to next grade level; 180 adults attended ESL classes. 1521071 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 $35.3 million in tax refunds and credits (19,689 taxpayers provided services by 600+ volunteers). 103 families deposited to savings accounts with matching funds to be used for post-secondary education, home purchases or small business. 120 people completed money management classes. 1,134 clients received assistance completing the Free Application for Federal Student Aid, 59 clients received small business guidance, 172 clients participated in credit counseling, 456 clients received one-on-one financial coaching. 7275490 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 false false false false false true false false false false true 65 0 true 424 true false false false false false false false false 0 false false false false false false false false false false X 14 14 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 Board Member 5.00 5.00 X 0 0 0 David Tandy Board Member 5.00 5.00 X 0 0 0 Tom Chmielewski Vice Chair 5.00 5.00 X X 0 0 0 Leslie Pearson Treasurer 5.00 5.00 X X 0 0 0 Charles DiTullio Board Member 5.00 5.00 X 0 0 0 Socar Chatmon-Thomas Board Member 5.00 5.00 X 0 0 0 Jason Qunell Chair 5.00 5.00 X X 0 0 0 Freddy Marichal Board Member 5.00 5.00 X 0 0 0 Danny Hamilton Board Member 5.00 5.00 X 0 0 0 Lew Aldridge Board Member 5.00 5.00 X 0 0 0 Christina Cohee Secretary 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 Walter Moreau Exec. Director 40.00 40.00 X 162780 0 11761 Ann Clift CFO 40.00 40.00 X 117557 0 9583 Vicki McDonald Asset Manager 40.00 40.00 X 122400 0 9578 Julian Huerta Deputy Director 40.00 40.00 X 127343 0 10258 Sandra Lumley Prop Director 40.00 40.00 X 120486 0 9508 650566 50688 5 false true false None over 100000 0 361613 580000 1565530 4166622 6673765 Asset Management Fees 367200 367200 Development Fees 1716948 1716948 Interest on Affil. Notes 1238368 1238368 Management Fees 939672 939672 Resident Service Fees 1100937 1100937 64797 64797 5427922 410966 410966 0 0 0 0 0 0 0 0 12512653 4189554 1649334 0 493332 493332 0 0 650566 426150 183721 40695 0 4545889 2677990 1501520 366379 186026 110729 57735 17562 364927 208519 124165 32243 475982 331114 106575 38293 0 3009 3009 7129 7129 40000 40000 0 0 171012 99285 53566 18161 201218 124287 76931 126318 81933 40751 3634 108800 80440 26695 1665 0 179743 105789 71897 2057 108715 86736 19661 2318 0 11692 11224 468 31744 31744 1730466 1730466 131194 61582 52478 17134 54658 36373 14628 3657 Program/project costs 485835 485835 License,fees & dues 48725 26960 17775 3990 Property taxes 47606 23804 19042 4760 Uncollectible Pledges 31585 31585 83235 41198 18701 23336 10319406 7275490 2319048 724868 343390 894409 6441974 16616573 2617449 2578084 591287 1951087 0 0 34485408 43070003 0 53014 96435 2474046 1005434 1478065 1468612 0 0 1558950 1561950 0 16268476 13262912 63838013 81500065 489028 2203935 231572 330880 11312317 13458907 4900000 12032917 20893722 X 41090192 48451813 4642447 5352073 6072457 6802457 51805096 60606343 63838013 81500065 X 2193247 1228000 5380000 X X false true X true true true X 3729244 6534215 6913143 8284453 6673764 32134819 2421069 3435971 4126613 4862170 5427922 20273745 0 0 0 6150313 9970186 11039756 13146623 12101686 52408564 0 0 52408564 32253 21801 16404 15003 4178 89639 0 32253 21801 16404 15003 4178 89639 0 0 6182566 9991987 11056160 13161626 12105864 52498203 0.99830 0.99600 0.00170 0.00400 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 227747 500 false false true true true 40000 false false true 10000 true true 1000 true 176747 227747 false false Part I-A, Line 1 - Direct and Indirect Political Campaign Activities Staff and volunteers dedicated time to communications regarding a local bond campaign to provide funds for affordable housing projects in 2013. Part II-B, Line 1i - Other Activities Description Various staff dedicated time to communications to inform public of issues related to local bonds to provide funds for low-income housing projects. false true X 307132 307132 1121413 252117 869296 299470 195074 104396 646010 458222 187788 100021 100021 1468612 Dev. Fees Receivable 4080700 Escrow deposits 75000 Int. Receivable from Affil. 6994503 Int. Receivable from non-affil. 1930523 Mgmt. Fees & Misc. due from affil. 182186 13262912 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 participants as part of a Financial Literacy education program. Participants 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 in Texas. 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, 2013, Austin Community Foundation had received $168,458 in donations since its inception and the fair market value of the endowment fund was $215,195 at 12-31-2013. 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 196 160131 Payments for housing Rent and security deposits Household assistance 2673 53654 Cost Food & Util. Transportion/bus passes 1645 22705 Cost of bus passes Daily bus passes Medical assistance 191 256842 Cost pd. to providers Med. services Grantmaker's Description of How Grants are Used Grant funds and assistance to individuals are monitored through approval processed to disburse funds directly to service providers. X false false false false false false false false false false Walter Moreau Exec. Director 162780 8303 3458 174541 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 2013 REVENUE PER THE FORMS 990 TO THE 2013 AUDITED FINANCIAL STATEMENTS Revenue ExpensesPer Form 990Foundation Communities(74-2563260) 12,512,653 10,319,406Affiliates (74-2678601) 19,103,393 19,156,296Total before Eliminations 31,616,046 29,475,702Less Eliminations (6,070,836) (6,069,282) (see audit report supplemental info)Total after eliminations 25,545,210 23,406,4202013 Audited Financials 25,577,485 23,443,843 2013 Audited Financials 32,275 37,423 [LLC entities not included in exempt groupdue to taxable status under IRC 169(h)(6)(F)(ii)] (see audit report supplemental info)Difference -0- -0- Form 990, Part III, Line 2: New Services Foundation Communities launched "Insure Central Texas" program in 2013 aimed at assisting low income households through the application process for health insurance coverage as provided for by the Affordable Care Act. 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 Other Changes In Net Assets Or Fund Balances - Other Increases Transfer from affiliate refinancing = $5380000 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. Buckingham Mutual Housing Corporation 3036 South First St Austin TX 78704 742602616 Low income housing TX 501(c)(3) 9 Foundation Communities Inc false Cherry Creek Mutual Housing Corporation 3036 S First St Austin TX 78704 742539401 Low income housing TX 501(c)(3) 9 Foundation Communities Inc false Crossroads Mutual Housing Corporation 3036 S First St Austin TX 78704 742564401 Low income housing TX 501(c)(3) 9 Foundation Communities Inc false Saint Elmo Mutual Housing Corporation 3036 S First St Austin TX 78704 742592916 Low income housing TX 501(c)(3) 9 Foundation Communities Inc false Village Green Mutual Housing Corporation 3036 S First St Austin TX 78704 742941951 Low income housing TX 501(c)(3) 9 Foundation Communities Inc false Daffodil Mutual Housing Corporation 3036 S First St Austin TX 78704 742763624 Low income housing TX 501(c)(3) 9 Foundation Communities Inc false Sleepy Hollow Mutual Housing Corporation 3036 S First St Austin TX 78704 742748154 Low income housing TX 501(c)(3) 9 Foundation Communities Inc false Shadow Brook Mutual Housing Corporation 3036 S First St Austin TX 78704 742748153 Low income housing TX 501(c)(3) 9 Foundation Communities Inc false Peters Colony Mutual Housing Corporatio 3036 S First St Austin TX 78704 742748151 Low income housing TX 501(c)(3) 9 Foundation Communities Inc false Spring Terrace Housing Corporation 3036 S First St Austin TX 78704 203499523 Low income housing TX 501(c)(3) 9 Foundation Communities Inc false Garden Terrace Housing Corporation 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 FC Ashford Housing Corp 3036 S First St Austin TX 78704 743018421 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 Austin Eight Housing Corp 3036 South First Street Austin TX 78704 300782026 Low income housing TX 501c3 9 Foundation Communities Inc false Searight Housing LP 3036 S First Street Austin TX 78704 742877221 Low income housing TX Central Tx Searight related 601721 false false 1.00000 SWA Housing LP 3036 S First Street Austin TX 78704 742914068 Low income housing TX SWA Funding Corp related true true 0.00010 Skyline Terrace Hsg LP 3036 S First St Austin TX 78704 205250955 Low income housing TX FC Skyline Hsg LLC related false false 0.00010 Shady Oaks Hsg LP 3036 South First Street Austin TX 78704 271658966 Low income housing TX FC Shady Oaks HsgLLC related -52 false false 0.00010 M Station Hsg LP 3036 South First Street Austin TX 78704 264307919 Low income housing TX FC M Station Hsg LLC related false false 0.00010 Capital Studios Housing LP 3036 South First Street Austin TX 78704 455502632 Low income housing TX FC Dwntown StHsgLLC related false false 0.00010 FC SW Housing LP 3036 South First Street Austin TX 78704 463523931 Low income housing TX FC Homestead Hsg LLC related false false 0.00010 FC South Lamar Housing LP 3036 South First Street Austin TX 78704 611711462 Low income housing TX FC Skyway St HsgLLC related false false 0.00010 FC Skyline Terrace Hsg LLC 3036 South First Street Austin TX 78704 205368522 Low income housing TX Found Comm C -23 1557864 1.00000 false FC M Station Hsg LLC 3036 South First Street Austin TX 78704 264307826 Low income housing TX Found Comm C 4286 1052940 1.00000 false FC Shady Oaks Hsg LLC 3036 South First Street Austin TX 78704 271658922 Low income housing TX Found Comm C -52 511279 1.00000 false FC Downtown Studios Housing LLC 3036 South First Street Austin TX 78704 455426309 Low income housing TX Found Comm C -6741 1220433 0.49000 false FC Homestead Housing LLC 3036 South First Street Austin TX 78704 463515548 Low income housing TX Found Comm C 1000 1.00000 false FC Skyway Studios Housing LLC 3036 South First Street Austin TX 78704 462496926 Low income housing TX Found Comm C 1.00000 false CTSWA Funding Corp 3036 South First Street Austin TX 78704 742973220 Low income housing TX CTSWA Mutual Hsg C 661 0.79900 false true true true true false false false false true false false true false true true true true true false Buckingham Mutual Housing Corporation a 415 cash Buckingham Mutual Housing Corporation c 5610000 cash Buckingham Mutual Housing Corporation d 6000000 loan agreement Buckingham Mutual Housing Corporation q 421943 cash Cherry Creek Mutual Housing Corporation a 415 cash Cherry Creek Mutual Housing Corporation c 135000 cash Cherry Creek Mutual Housing Corporation q 551261 cash Crossroads Mutual Housing Corporation a 472 cash Crossroads Mutual Housing Corporation q 417911 cash Saint Elmo Mutual Housing Corporation a 315 cash Saint Elmo Mutual Housing Corporation c 80000 cash Saint Elmo Mutual Housing Corporation q 478393 cash Village Green Mutual Housing Corporation d 273012 cash Village Green Mutual Housing Corporation q 445095 cash Daffodil Mutual Housing Corporation c 73629 cash Daffodil Mutual Housing Corporation q 65096 cash Sleepy Hollow Mutual Housing Corporation a 30638 cash Sleepy Hollow Mutual Housing Corporation q 135317 cash Shadow Brook Mutual Housing Corporation a 1887 cash Shadow Brook Mutual Housing Corporation b 135000 cash Shadow Brook Mutual Housing Corporation q 384272 cash Peters Colony Mutual Housing Corporatio q 179950 cash Spring Terrace Housing Corporation d 290000 cash Spring Terrace Housing Corporation q 402418 cash Garden Terrace Housing Corporation a 590 cash Garden Terrace Housing Corporation d 30000 cash Garden Terrace Housing Corporation q 395904 Central Texas Searight Housing Corp b 153825 cash Central Texas Searight Housing Corp i 8792639 pshp dissolutio Central Texas Searight Housing Corp q 768923 cash Arbor Terrace Housing Corp q 421943 cash Searight Housing LP i 8792639 pshp dissolutio Searight Housing LP q 7698923 cash SWA Housing LP q 251058 Skyline Terrace Hsg LP q 205801 cash Shady Oaks Hsg LP q 411692 cash M Station Hsg LP q 269442 cash M Station Hsg LP r 1137553 cash Capital Studios Housing LP d 700136 cash Capital Studios Housing LP r 1141738 cash FC SW Housing LP d 42787410 cash FC South Lamar Housing LP d 1010000 cash FC Downtown Studios Housing LLC d 550000 cash