Overview
What is Tg 102 Inc?
Tg 102 Inc, established in Texas, operates as a nonprofit organization, primarily focused on providing low-income housing and associated social and educational services. As the sole member of OM/OV GP, LLC, they oversee OM/OV, LP, which manages Oak Manor Apartments, a 229-unit complex. This organization ensures compliance with regulations from various entities, including HUD, TDHCA, and COSA, while offering a Community Learning Center for residents with programs, activities, and services. These initiatives aim to foster self-sufficiency, providing after-school programs, computer access, adult learning opportunities, and social events. Furthermore, Tg 102 Inc contributes to other housing and community services organizations, such as Prospera Housing Community Services.
Is Tg 102 Inc legitimate?
Tg 102 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tg 102 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 Tg 102 Inc?
Tg 102 Inc, established as a nonprofit corporation in Texas in 1994, is dedicated to providing affordable housing and social and educational services to low-income households. Its mission is to offer decent, safe, and sanitary living spaces while creating opportunities and incentives for residents to achieve self-sufficiency. The organization maintains oversight and guidance for Oak Manor Apartments, a 229-unit complex, and manages a Property-Based Section 8 Housing Assistance Payment (HAP) rental assistance contract with the US Department of Housing and Urban Development (HUD), making 220 units available to families and individuals with incomes less than 30% of the area median income.
Who is the CEO of Tg 102 Inc?
Jacklyn S Woodring is the Outgoing Chair of Tg 102 Inc.
What is the revenue of Tg 102 Inc?
Tg 102 Inc's revenue in 2022 was $101,335.
Who are the executives of Tg 102 Inc and what are their salaries?
There 7 volunteers at Tg 102 Inc.
Here are 10 key members and their salaries:
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- Related: $227,279
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- Related: $190,311
- Other: $6,414
Where can I find the form 990 for Tg 102 Inc?
Tg 102 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tg 102 Inc
Tg 102 Inc, established as a nonprofit corporation in Texas in 1994, is dedicated to providing decent, safe, and sanitary housing for low-income households. The organization's mission is to create opportunities and incentives for its residents to achieve self-sufficiency. In pursuit of this goal, Tg 102 Inc oversees and guides the ownership and operation of OM/OV, LP, which operates as Oak Manor Apartments, a 229-unit complex. Through this oversight, Tg 102 Inc maintains a HUD Property-Based Section 8 Housing Assistance Payment (HAP) rental assistance contract for 220 units. These HAP-assisted units are made available to families and individuals with incomes below 30% of the area median income.
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Impact
October, 2024
Tg 102 Inc significantly impacts the San Antonio community by providing essential low-income housing and a range of social and educational services to residents. Through its oversight of the Oak Manor Apartments, the organization maintains 220 affordable housing units for families and individuals with incomes below 30% of the area median income, ensuring that some of society's most vulnerable populations have access to safe, decent, and sanitary living conditions.
The organization not only focuses on housing but also emphasizes the importance of community support. It operates an on-site community learning center that offers various programs and services, including after-school youth programs, adult learning opportunities, and computer access and training. These initiatives are designed to foster self-sufficiency and enhance residents' quality of life.
Tg 102 Inc collaborates with local government agencies and other organizations to sustain its services. Their compliance with HUD regulations and partnerships for property rehabilitation indicate a commitment to maintaining high standards in housing and community services. Additionally, their tax-exempt status allows them to allocate more resources to their mission, further enhancing their ability to support low-income families.
Through these efforts, Tg 102 Inc plays a vital role in not only providing housing but also empowering residents through educational resources and community engagement, ultimately contributing to stronger, more self-sufficient families and neighborhoods.
This information is meant to be a general summary of Tg 102 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: $39,712
- Gross Receipts: $1,399,650
Assets and Liabilities:
- Total Assets: $4,401,517
- Total Liabilities: $17,681
- Net Assets: $4,383,836
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM RELATED INVESTMENT INC
Revenue
$39,712
Organization Details
Founding Year
1994
Phone
(210) 821-4300Principal Officer
Jacklyn S Woodring
Main Address
3419 NACOGDOCHES ROAD, SAN ANTONIO, TX, 78217
NTEE Category
Code: L210 - Housing
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