Overview
What is Tg 107 Inc?
Tg 107 Inc, established in Texas in 1994, is a nonprofit organization dedicated to providing low-income housing and supporting its residents through social and educational services. They own and manage Seguin Manor Apartments, an 80-unit complex in Seguin, offering housing assistance to families and individuals with incomes below 80% of the area median income. The organization operates in compliance with the regulations of HUD and the Texas Department of Housing and Community Affairs, ensuring property maintenance and funding for renovations. Tg 107 Inc also operates a Neighborhood Networks Center, offering various programs and activities for youth and adults, such as case management, after-school programs, computer access, adult learning opportunities, food banks, and community events.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%
Tg 107 Inc has achieved a remarkable Four-Star out of Four Star rating from Charity Navigator, indicating a high level of accountability and financial health. With a score of 94%, the organization demonstrates excellent governance practices, including a fully independent board and robust financial oversight mechanisms. These strengths reflect a commitment to transparency and responsible management of resources.
The charity boasts an impressive program expense ratio of 97.07%, suggesting that nearly all of its expenditures are directed towards its mission-related activities. Additionally, the organization has no reported material diversion of assets, which further underscores its integrity in financial operations. The presence of comprehensive policies, such as conflict of interest and whistleblower protections, contributes to a strong ethical framework.
While the ratings highlight numerous strengths, specific performance metrics beyond financial accountability were not detailed in the available information. Nevertheless, the overall assessment paints a positive picture of Tg 107 Inc as a well-managed organization dedicated to its charitable objectives.
This AI summary has been generated from information found on Charity Navigator.
Is Tg 107 Inc legitimate?
Tg 107 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tg 107 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: $101,498
For more financial information, click here
What is the mission statement of Tg 107 Inc?
Tg 107 Inc, established as a nonprofit corporation in Texas, focuses on providing affordable housing for low-income families. Their mission is twofold: firstly, to preserve and maintain assisted housing units for these families, and secondly, to promote self-sufficiency and a strong community among its residents. The primary activity of Tg 107 Inc is the management of the Seguin Manor Apartments, an 80-unit complex located in Seguin, Texas. The organization also manages a U.S. Department of Housing and Urban Development (HUD) contract for Section 8 housing assistance, making 52 units available to families and individuals with incomes lower than 30% of the area median income (AMI).
Who is the CEO of Tg 107 Inc?
Jaclyn S Woodring is the Assistant Secretary of Tg 107 Inc.
What is the revenue of Tg 107 Inc?
Tg 107 Inc's revenue in 2022 was $758,404.
Who are the executives of Tg 107 Inc and what are their salaries?
There 5 volunteers at Tg 107 Inc.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- 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 107 Inc?
Tg 107 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tg 107 Inc
Tg 107 Inc, a charitable organization established in Texas, is dedicated to preserving assisted housing for low-income families and promoting self-sufficiency within its residential community. The organization's primary mission is to ensure that low-income families, earning less than 80% of the Area Median Income (AMI), have access to affordable housing. To achieve this, Tg 107 Inc manages Seguin Manor Apartments, an 80-unit complex located in Seguin, Texas.
One of the critical initiatives taken by Tg 107 Inc is its partnership with the U.S. Department of Housing and Urban Development (HUD) for a Property-Based Section 8 Housing Assistance Payment (HAP) Rental Assistance contract. This agreement allows the organization to offer HAP-assisted housing units to families and individuals with incomes of less than 30% of the AMI. By providing these affordable housing options, Tg 107 Inc plays a significant role in supporting the community's low-income residents and contributing to their well-being.
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Impact
July, 2024
Tg 107 Inc's impact can be seen in its commitment to providing low-income housing and essential services to the community. By sustaining the HUD property-based Section 8 HAP contract, the organization offers 52 units to low-income families and individuals, ensuring they have a place to call home. Additionally, Tg 107 Inc operates an on-site HUD certified neighborhood networks center, offering a range of programs and services such as case management, after-school youth programs, computer access and training, adult learning opportunities, food bank services, and more.
Through its efforts, Tg 107 Inc not only provides housing but also fosters a sense of community and promotes self-sufficiency among its residents. By upholding its mission to preserve assisted housing and support low-income families, the organization plays a crucial role in improving the lives of individuals in need in San Antonio, TX, and beyond.
This information is meant to be a general summary of Tg 107 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: $36
- Program Service Revenue: $689,825
- Gross Receipts: $758,404
Assets and Liabilities:
- Total Assets: $1,906,108
- Total Liabilities: $143,583
- Net Assets: $1,762,525
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL INCOME
Revenue
$434,507
TENANT ASSISTANCE PAYM
Revenue
$255,318
Organization Details
Founding Year
1994
Phone
(210) 821-4300Principal Officer
Jaclyn S Woodring
Main Address
3419 NACOGDOCHES ROAD, SAN ANTONIO, TX, 78217
NTEE Category
Code: L210 - Housing
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