Overview
What is Tg 109 Inc?
Tg 109 Inc, situated in San Antonio, Texas, serves as a charitable organization primarily focused on providing low-income housing and related social and educational services. During the reporting period, they maintained a HUD property-based Section 8 HAP contract, ensuring that 27 units remained accessible for families and individuals within their income bracket. The organization adhered to HUD regulations while operating the property. Additionally, Tg 109 Inc received various tax exemptions, including an IRS 501(c)(3) income tax exemption, a 100% property tax exemption from Val Verde County, and sales tax exemptions from the state of Texas. In terms of recreational activities, they organized events such as the National Affordable Housing Management Association (NAHMA) Drug-Free Poster Art Contest, National Night Out, and holiday celebrations for their residents.
Is Tg 109 Inc legitimate?
Tg 109 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tg 109 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: $83,654
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What is the mission statement of Tg 109 Inc?
Tg 109 Inc, as a charitable organization, primarily focuses on providing housing and social services for individuals and families with low income. The organization's main activity is the management of Rio Manor Apartments, a 48-unit complex, offering affordable living spaces to families and individuals earning 60% or less of the area median income (AMI). Tg 109 Inc also maintains a contract with the U.S. Department of Housing and Urban Development (HUD) for Section 8 Housing Assistance Payments (HAP), providing rental assistance to families and individuals with income levels below 30% of AMI. The organization's mission aims to improve the living conditions and offer support services to this demographic.
What is the revenue of Tg 109 Inc?
Tg 109 Inc's revenue in 2023 was $44,468.
Who are the executives of Tg 109 Inc and what are their salaries?
There 6 volunteers at Tg 109 Inc.
Here are 8 key members and their salaries:
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- Related: $297,100
- Other: $20,876
- Compensation: $0
- Related: $198,090
- Other: $6,729
Where can I find the form 990 for Tg 109 Inc?
Tg 109 Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Tg 109 Inc
Tg 109 Inc, as a charitable organization, is dedicated to providing low-income families and individuals with housing and supportive services. The primary objective of this nonprofit is to manage and operate the Rio Manor Apartments, a 48-unit complex located in Del Rio, Texas. This complex is specifically designed to accommodate families and individuals whose income falls below 60% of the area median income (AMI).
To ensure affordability, Tg 109 Inc holds a U.S. Department of Housing and Urban Development (HUD) Property-Based Section 8 Housing Assistance Payment (HAP) rental assistance contract for 27 units within the Rio Manor Apartments. These 27 HAP-assisted units are specifically allocated for families and individuals with income levels lower than 30% of the AMI. By offering these subsidized housing options, Tg 109 Inc is able to contribute significantly to the well-being of vulnerable communities, providing them with a stable living environment while helping them navigate the challenges associated with low income.
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Impact
October, 2024
Tg 109 Inc plays a significant role in enhancing the quality of life for low-income individuals and families in the San Antonio area through its provision of affordable housing and associated social and educational services. By operating the Rio Manor Apartments, a 48-unit complex, the organization directly impacts the community by ensuring that residents earning 60% or less of the area median income have access to stable, safe, and affordable housing.
The organization maintains compliance with HUD regulations and sustains a property-based Section 8 Housing Assistance Payment (HAP) contract for 27 units, which provides critical rental assistance to households with incomes at or below 30% of the area median income. This initiative is crucial in combatting homelessness and housing insecurity among vulnerable populations.
Beyond housing, Tg 109 Inc actively engages residents through various community activities and programs. Events such as the National Affordable Housing Management Association's drug-free poster art contest, National Night Out, and holiday celebrations foster a sense of community and promote social interaction among residents. These initiatives collectively contribute to the overall well-being and empowerment of residents, enhancing their quality of life and strengthening community ties.
Furthermore, the organization benefits from several tax exemptions at both the federal and state levels, allowing it to allocate more resources toward its housing mission and services. Ultimately, Tg 109 Inc is instrumental in addressing housing needs within the community, supporting resident engagement, and promoting stability among low-income households in Del Rio, Texas.
This information is meant to be a general summary of Tg 109 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 2023.
- Investment Income: $8,922
- Program Service Revenue: $214,501
- Gross Receipts: $745,696
Assets and Liabilities:
- Total Assets: $1,426,411
- Total Liabilities: $57,075
- Net Assets: $1,369,336
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYMENT
Revenue
$114,904
TENANT RENTAL INCOME
Revenue
$99,597
Organization Details
Founding Year
1995
Principal Officer
Jaclyn S Woodring
NTEE Category
Code: L210 - Housing
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