Overview
What is Tg 108 Inc?
Tg 108 Inc, established in Texas in 1994, is a charitable organization committed to providing affordable housing and supportive services for low-income families and individuals. During the reporting period, they maintained a HUD-contracted Section 8 housing program, offering 20 units to eligible residents. Their mission includes fostering a strong community among residents and promoting self-sufficiency. Located at Laredo Manor Apartments, they own and operate a 100-unit complex in Laredo, Texas. Besides housing, they offer various programs and activities, such as informal case management, after-school youth programs, computer access, adult learning opportunities, food banks, summer activities, community events, and nutrition programs for the elderly. They also operate a Neighborhood Networks Center for youth and adult residents, offering services and activities.
Is Tg 108 Inc legitimate?
Tg 108 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tg 108 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.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $170,487
For more financial information, click here
Mission Statement of Tg 108 Inc
Tg 108 Inc, established as a nonprofit corporation in Texas, has a mission centered around preserving assisted housing for families and individuals with low, moderate, and very low incomes. The organization's primary objective is to foster a strong community within its residents and promote self-sufficiency. The heart of Tg 108 Inc's activities is the management and operation of the Laredo Manor Apartments, a 100-unit complex located in Laredo, Texas. This housing complex is specifically designed to benefit low-income families and individuals whose income falls below 80% of the area median income (AMI).
To further support its mission, Tg 108 Inc holds a U.S. Department of Housing and Urban Development (HUD) Property-Based Section 8 Housing Assistance Payment (HAP) Rental Assistance contract for 20 units. These HAP-assisted units are offered to families and individuals with incomes lower than 30% of the AMI. By providing affordable housing and rental assistance, Tg 108 Inc plays a significant role in supporting vulnerable households, helping them maintain stable living conditions while striving towards self-sufficiency.
Impact
This information is meant to be a general summary of Tg 108 Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Tg 108 Inc's impact is significant in providing low-income housing and essential social and educational services to the community. Through its ownership and operation of the Laredo Manor Apartments, the organization ensures that low-income families and individuals have access to affordable housing, particularly those making less than 80% of the area median income. By maintaining a HUD property-based Section 8 Housing Assistance Payment contract for 20 units, Tg 108 Inc plays a crucial role in supporting individuals with incomes of less than 30% of the area median income.
Furthermore, Tg 108 Inc operates an on-site HUD certified Neighborhood Networks Center, where a variety of programs and services are provided to enhance the well-being and self-sufficiency of the residents and surrounding community. These include case management and referral services, after-school youth programs, computer access and training, adult learning opportunities, food bank services, summer youth activities, holiday celebrations, and nutrition programs for the elderly such as Meals on Wheels.
Overall, Tg 108 Inc's impact extends beyond just providing housing, as it actively works towards building a strong resident community, promoting self-sufficiency, and addressing the diverse needs of low-income individuals and families in the San Antonio area.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL INCOME
Revenue
$726,742
TENANT ASSISTANCE PAYM
Revenue
$101,016
Organization Details
Founding Year
1994
Phone
(210) 821-4300
Principal Officer
Jacklyn S Woodring
Main Address
3419 NACOGDOCHES ROAD, SAN ANTONIO, TX, 78217
NTEE Category
Code: L200 - Housing
If you are a representative of Tg 108 Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.