Logo for "Foundation Communities Inc"

Foundation Communities Inc

Foundation Communities Inc

Austin, TX, US
501(c)(3)
EIN
74-2563260
Parent Organization
Logo for "Foundation Communities Inc"

Foundation Communities Inc

Austin, TX, US
501(c)(3)
EIN
74-2563260
Parent Organization

Overview

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Est.

1990

Fiscal Year Start

Jan 1

Organization Type

Grantseeker
AI Summary
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Foundation Communities Inc is a nonprofit organization focused on housing development, dedicated to creating affordable housing where families can thrive. With an operating budget of $33.1 million and total revenue of $50 million for the 2024 filing year, the organization emphasizes supportive social services aimed at educating and improving the financial stability of the working poor and their communities. The organization does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its mission. For more information, visit www.foundcom.org.

Mission Statement

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.
Revenues

$50M

Expenses

$34.1M

Net Income:
+$15.9M
Assets

$262.9M

Liabilities

$75.8M

Net Assets:
+$187.1M
Operating Budget

$33.1M

Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants

28

Median grant size
$40K
Largest grant received
$5.8M
A
Ann Clift
Board Member
N
Ned Isleib
Board Member
M
Michael Furrow
Board Member

Frequently Asked Questions

What is Foundation Communities Inc’s budget?
In 2024, Foundation Communities Inc reported an annual operating budget of around $33.1 million. More detailed financial information is available to registered users.
What causes does Foundation Communities Inc support?
Foundation Communities Inc supports work in Housing development.
Where does Foundation Communities Inc operate?
Foundation Communities Inc is headquartered in Austin, TX.
Who funded Foundation Communities Inc recently?
In 2025, Foundation Communities Inc received grants from AMERICAN ONLINE GIVING FOUNDATION INC, RAYMOND JAMES CHARITABLE ENDOWMENT FUND, and CHARITIES AID FOUNDATION AMERICA. More information on this organization’s funders is available to registered users.
What is the largest grant Foundation Communities Inc received in 2024?
The largest grant to Foundation Communities Inc in 2024 exceeds $5.8 million.
What is Foundation Communities Inc’s reliance on government grants?
Foundation Communities Inc relied on government grants for more than 15% of their total revenue in 2024.
Overview
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