Overview
What is Tg 301 Inc?
Tg 301 Inc, established in Texas in 1996, serves as a charitable organization, primarily focused on providing low-income housing and offering social and educational services to its residents. The organization's main activity involves the ownership and operation of the Sutton Square Duplexes, a 30-unit apartment complex located in San Antonio, Texas. The complex, in compliance with HUD regulations, offers housing assistance payments (HAP) to families and individuals with income levels below 30% of the area median income. In addition to housing, Tg 301 Inc also operates an on-site center certified by HUD, offering programs, activities, and services for the youth and adults living in the community. The organization's efforts extend beyond its residents, providing informal case management and referral services for the surrounding community. Tg 301 Inc maintains its operations in accordance with HUD and TDHCA regulations, while also benefiting from various tax exemptions, including those from the IRS, Bexar County, and the State of Texas. These exemptions help the organization to continue its mission of preserving low-income housing and serving its residents effectively.
Is Tg 301 Inc legitimate?
Tg 301 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tg 301 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: $33,244
For more financial information, click here
What is the mission statement of Tg 301 Inc?
Tg 301 Inc, established as a nonprofit organization in Texas, is dedicated to preserving low-income housing and providing social and educational services to its residents. The organization's primary activity involves the ownership and operation of the Sutton Square Duplexes, a 30-unit apartment complex. This complex is designed to benefit low-income families and individuals, with a U.S. Department of Housing and Urban Development (HUD) Property Based Section 8 Housing Assistance Payment (HAP) rental assistance contract in place for all units. The HAP rent-assisted units are made available to families and individuals whose income is less than 30% of the area median income. The mission of Tg 301 Inc is to ensure these individuals have access to affordable housing and supportive services.
Who is the CEO of Tg 301 Inc?
Jaclyn S Woodring is the Chair of Tg 301 Inc.
What is the revenue of Tg 301 Inc?
Tg 301 Inc's revenue in 2022 was $287,718.
Who are the executives of Tg 301 Inc and what are their salaries?
There 7 volunteers at Tg 301 Inc.
Here are 10 key members and their salaries:
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- Related: $227,279
- Other: $16,994
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- Related: $162,403
- Other: $5,486
- Compensation: $0
- Related: $190,311
- Other: $6,414
Where can I find the form 990 for Tg 301 Inc?
Tg 301 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tg 301 Inc
Tg 301 Inc, a nonprofit organization incorporated in Texas, has a mission to preserve low-income housing and provide social and educational services to its residents. Established on December 20, 1996, this charity's primary activity involves the ownership and operation of the Sutton Square Duplexes, a 30-unit apartment complex. Located in San Antonio, Texas, this housing complex is specifically designed to benefit low-income families and individuals. Tg 301 Inc ensures that these units are made available to families and individuals with incomes below 30% of the area median income, through a U.S. Department of Housing and Urban Development (HUD) Property-Based Section 8 Housing Assistance Payment (HAP) Rental Assistance Contract. By providing affordable housing and accompanying social and educational services, Tg 301 Inc aims to support and uplift its community, ensuring that individuals and families can live with dignity and security.
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Impact
October, 2024
Tg 301 Inc plays a vital role in addressing housing insecurity for low-income families and individuals in San Antonio, Texas. By maintaining a 30-unit apartment complex—Sutton Square Duplexes—exclusively for those with incomes below 30% of the area median, the organization ensures that vulnerable populations have access to safe and affordable living conditions.
Through its operations, Tg 301 Inc sustains compliance with HUD regulations and secures necessary funding for property rehabilitation and maintenance. This commitment not only enriches the physical landscape of the community but also supports residents' stability. Additionally, the organization fosters community development by offering social and educational services through its on-site HUD certified Neighborhood Networks center, providing essential programs and resources that promote personal growth and interaction among residents.
The comprehensive services—from case management to educational activities—contribute to a stronger, more connected community while addressing the broader challenges faced by low-income individuals. Overall, Tg 301 Inc's impact extends beyond housing, creating a supportive environment that empowers residents and strengthens the social fabric of the neighborhood.
This information is meant to be a general summary of Tg 301 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: $22
- Program Service Revenue: $285,286
- Gross Receipts: $287,718
Assets and Liabilities:
- Total Assets: $1,012,432
- Total Liabilities: $518,636
- Net Assets: $493,796
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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
$198,587
TENANT RENTAL INCOME
Revenue
$86,699
Organization Details
Founding Year
1996
Phone
(210) 821-4300Principal Officer
Jaclyn S Woodring
Main Address
3419 NACOGDOCHES ROAD, SAN ANTONIO, TX, 782173377
NTEE Category
Code: L210 - Housing
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