Overview
What is Fc Mission Plaza Inc?
Fc Mission Plaza Inc is a nonprofit organization situated in Austin, Texas, with its headquarters at 3000 S IH-35 Suite 300. Their primary objective is to support the charitable purposes of Foundation Communities, Inc., as defined in Section 45D of the Internal Revenue Code (IRC). This support takes the form of acquiring, rehabilitating, maintaining, and leasing buildings, specifically Mission Plaza, to qualify as a Qualified Low-Income Community Building (QALICB) under the New Markets Tax Credit Program. The mission plaza facilities will offer space for Foundation Communities, Inc. and other non-profit agencies providing services to economically disadvantaged individuals. Additionally, the Fc Prosper Center will provide essential services to low-income residents of the community, including free income tax return preparation, health insurance enrollment assistance, and financial literacy programs. By offering these services, Fc Mission Plaza Inc. aims to improve the financial standing of the working poor in the community, furthering the mission of Foundation Communities, Inc. in their endeavor to develop affordable housing with supportive social services.
Is Fc Mission Plaza Inc legitimate?
Fc Mission Plaza Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fc Mission Plaza Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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What is the mission statement of Fc Mission Plaza Inc?
Fc Mission Plaza Inc's mission is centered around supporting the charitable objectives of Foundation Communities, Inc. This support is aimed at qualifying as a Qualified Low-Income Community Building (QALICB) under the New Markets Tax Credit Program. The organization acquires, rehabilitates, maintains, and leases buildings to serve this purpose. The facilities at Mission Plaza will house the operations of Foundation Communities, Inc., as well as other non-profit agencies offering services to economically disadvantaged individuals. The FC Prosper Center, a part of these facilities, provides free income tax return preparation, health insurance enrollment assistance, and financial literacy programs to low-income community residents. The administrative office space for Foundation Communities, Inc., located within these facilities, strengthens its ability to develop affordable housing with supportive social services, ultimately aiming to educate, support, and improve the financial standing of the working poor in various communities.
Who is the CEO of Fc Mission Plaza Inc?
Walter Moreau is the Chair of Fc Mission Plaza Inc.
What is the revenue of Fc Mission Plaza Inc?
Fc Mission Plaza Inc's revenue in 2022 was $390,150.
Who are the executives of Fc Mission Plaza Inc and what are their salaries?
Here are 6 key members and their salaries:
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- Related: $334,433
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Where can I find the form 990 for Fc Mission Plaza Inc?
Fc Mission Plaza Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fc Mission Plaza Inc
Fc Mission Plaza Inc, as a supporting entity for Foundation Communities, Inc., is committed to advancing charitable purposes. This commitment is defined under Section 45D of the Internal Revenue Code, making it a Qualified Low-Income Community Building (QALICB). The primary objective of Fc Mission Plaza Inc is to acquire, rehabilitate, maintain, and lease buildings to qualify as a QALICB under the New Markets Tax Credit Program. By doing so, it provides space for the operations of Foundation Communities, Inc. and other non-profit agencies that offer services to economically disadvantaged individuals.
The Fc Mission Plaza Inc facilities, in addition to serving Foundation Communities, Inc., also house various non-profit organizations. These organizations provide essential services such as income tax return preparation, health insurance enrollment assistance, and financial literacy programs to low-income residents in the community. By offering these services, Fc Mission Plaza Inc is contributing to the financial education and improvement of the working poor in local communities.
The administrative office space provided by Fc Mission Plaza Inc to Foundation Communities, Inc. is instrumental in enhancing the organization's capacity to develop affordable housing with supportive social services. This, in turn, helps to educate, support, and improve the financial standing of vulnerable individuals within the community. In essence, Fc Mission Plaza Inc is a vital partner in the mission of Foundation Communities, Inc., working towards improving the lives of economically disadvantaged individuals.
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Impact
October, 2024
Fc Mission Plaza Inc has a significant impact on the Austin community by providing essential support for economically disadvantaged individuals. By acquiring, rehabilitating, maintaining, and leasing facilities known as Mission Plaza, the organization creates a space that houses the operations of Foundation Communities, Inc. and other nonprofit agencies. This collaborative environment enables the delivery of vital services, including free income tax preparation, health insurance enrollment assistance, and financial literacy programs through the FC Prosper Center.
These services play a crucial role in improving the financial standing of low-income residents, offering them the tools and resources necessary for better economic stability. The administrative offices for Foundation Communities enhance the organization’s ability to develop affordable housing combined with supportive social services, effectively addressing the needs of the working poor. Overall, Fc Mission Plaza Inc serves as a catalyst for positive change in the community, promoting economic empowerment and accessibility to essential resources for those in need.
This information is meant to be a general summary of Fc Mission Plaza Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $390,150
- Gross Receipts: $390,150
Assets and Liabilities:
- Total Assets: $18,649,145
- Total Liabilities: $16,231,325
- Net Assets: $2,417,820
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$390,150
Organization Details
Founding Year
2019
Phone
(512) 447-2026Principal Officer
Walter Moreau
Main Address
3000 S IH-35 SUITE 300, AUSTIN, TX, 78704
NTEE Category
Code: L11 - Housing
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