Overview
What is Tg 104 Inc?
Tg 104 Inc, established in Texas in 1994, operates as a nonprofit organization with a mission to provide low-income housing and promote independence and self-sufficiency. During the reporting period, Tg 104 Inc continued to manage a HUD-funded Section 8 housing complex, Bavarian Manor Apartments, offering 53 units to families and individuals with income levels below 30% of the area median income. The organization operated in compliance with both HUD and the Texas Department of Housing and Community Affairs regulations. Additionally, Tg 104 Inc provided on-site social and educational services for residents, including case management, after-school programs, computer training, adult learning opportunities, food bank services, and holiday celebrations. The organization also maintained a 100% property tax exemption and sales tax exemption in Comal County, Texas.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%
Tg 104 Inc has achieved a Four-Star out of Four Star rating from Charity Navigator, indicating a strong commitment to accountability and finance. The overall score is based solely on an accountability and finance beacon score, demonstrating the organization's transparency and responsible financial management practices.
The charity scored exceptionally well in several key areas, including a perfect score for having an entirely independent board and comprehensive financial oversight. Their program expense ratio of 97.43% suggests that a significant portion of their funds is directed toward their mission, reflecting a focus on maximizing impact rather than administrative costs.
While the data highlights numerous strengths, it does not provide insights into program effectiveness or community feedback, which are essential for a complete understanding of the charity's impact. Overall, Tg 104 Inc exemplifies financial integrity and governance practices, earning recognition as a trustworthy organization.
This AI summary has been generated from information found on Charity Navigator.
Is Tg 104 Inc legitimate?
Tg 104 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tg 104 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $98,079
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What is the mission statement of Tg 104 Inc?
Tg 104 Inc, established as a nonprofit corporation in Texas in 1994, is primarily focused on providing low-income housing and social and educational services. Its mission is to preserve assisted housing for families in need, foster a strong community, and promote independence and self-sufficiency. The organization manages the Bavarian Manor Apartments, a 53-unit complex, offering housing assistance contracts through the U.S. Department of Housing and Urban Development (HUD) for families and individuals with incomes below 30% of the area median income.
Who is the CEO of Tg 104 Inc?
Jacklyn S Woodring is the Secretary of Tg 104 Inc.
What is the revenue of Tg 104 Inc?
Tg 104 Inc's revenue in 2022 was $702,967.
Who are the executives of Tg 104 Inc and what are their salaries?
There 5 volunteers at Tg 104 Inc.
Here are 8 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Related: $162,403
- Other: $5,486
- Compensation: $0
- Related: $227,279
- Other: $16,994
- Compensation: $0
- Related: $190,311
- Other: $6,414
Where can I find the form 990 for Tg 104 Inc?
Tg 104 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tg 104 Inc
Tg 104 Inc, established as a nonprofit corporation in Texas in 1994, is committed to a mission that involves preserving assisted housing for families in need, fostering a strong community, and promoting independence and self-sufficiency. This organization primarily engages in the ownership and operation of the Bavarian Manor Apartments, a 53-unit complex located in New Braunfels, Texas. Tg 104 Inc's primary activity is providing Section 8 Housing Assistance Payment (HAP) rental assistance for these units, making them accessible to families and individuals with incomes below 30% of the area median income. The organization maintains a contract with the U.S. Department of Housing and Urban Development (HUD) to ensure these units remain affordable for those in need.
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Impact
July, 2024
Tg 104 Inc's impact is significant in providing low-income housing and social educational services to the community. By sustaining the HUD property-based Section 8 HAP contract and maintaining all 53 units for low-income families and individuals, the organization plays a vital role in ensuring affordable housing options. Additionally, through its community learning center, Tg 104 Inc offers crucial programs, activities, and services for both youth and adult residents, promoting independence and self-sufficiency. Overall, Tg 104 Inc's efforts contribute to preserving assisted housing for those in need and developing a strong, supportive community in San Antonio, Texas.
This information is meant to be a general summary of Tg 104 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.
- Investment Income: $1,610
- Program Service Revenue: $623,618
- Gross Receipts: $702,967
Assets and Liabilities:
- Total Assets: $2,416,749
- Total Liabilities: $440,600
- Net Assets: $1,976,149
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYM
Revenue
$456,173
TENANT RENTAL INCOME
Revenue
$167,445
Organization Details
Founding Year
1994
Phone
(210) 821-4300Principal Officer
Jacklyn S Woodring
Main Address
3419 NACOGDOCHES ROAD, SAN ANTONIO, TX, 782173377
NTEE Category
Code: L210 - Housing
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