Overview
What is Tg 304 Inc?
Tg 304 Inc, incorporated in Texas in 1994, serves as a charitable organization, primarily focused on providing low-income housing. Situated in New Braunfels, Texas, Tg 304 Inc manages the Bavarian Manor Apartments, comprising 53 units, ensuring that these are accessible to families and individuals with low incomes. The organization maintains a compliance with the regulations of the U.S. Department of Housing and Urban Development (HUD) and the Texas Department of Housing and Community Affairs, receiving funding for property rehabilitation. Tg 304 Inc is also committed to fostering a strong community and promoting self-sufficiency. The organization provides various social and educational services at an on-site community learning center, such as case management, after-school programs, computer access, adult learning opportunities, food bank services, summer activities, National Night Out, and holiday celebrations.
Is Tg 304 Inc legitimate?
Tg 304 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tg 304 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: $61,426
For more financial information, click here
What is the mission statement of Tg 304 Inc?
Tg 304 Inc, established as a nonprofit organization in Texas, has a mission to preserve and provide assisted housing for families in need. The organization aims to foster a strong community and promote independence and self-sufficiency among its residents. The primary activity of Tg 304 Inc is the ownership and operation of the Bavarian Manor Apartments, a 53-unit complex, which provides affordable housing for individuals and families with income levels below 30% of the area median income. The organization maintains a HUD-assisted Section 8 Housing Assistance Payment contract, ensuring the availability of rent-assisted units for eligible individuals.
Who is the CEO of Tg 304 Inc?
Jacklyn S Woodring is the Treasurer of Tg 304 Inc.
What is the revenue of Tg 304 Inc?
Tg 304 Inc's revenue in 2022 was $412,886.
Who are the executives of Tg 304 Inc and what are their salaries?
There 5 volunteers at Tg 304 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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- 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 304 Inc?
Tg 304 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tg 304 Inc
Tg 304 Inc, established as a nonprofit corporation in Texas in 1994, is dedicated to a mission that encompasses three key areas. The organization seeks to preserve assisted housing for families in need, foster a strong community, and promote independence and self-sufficiency. Tg 304 Inc primarily engages in the ownership and operation of the Bavarian Manor Apartments, a 53-unit complex located in Texas. This housing complex is specifically designed for low-income families and individuals, with income levels not exceeding 30% of the area median income. To support these residents, Tg 304 Inc maintains a U.S. Department of Housing and Urban Development (HUD) Property Based Section 8 Housing Assistance Payment (HAP) rental assistance contract for all 53 units. This contract ensures that eligible families and individuals can afford the housing, providing a stable living environment that fosters community growth and personal development.
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Impact
October, 2024
Tg 304 Inc significantly impacts the San Antonio area by providing low-income housing and facilitating access to essential social and educational services for families and individuals in need. Through its management of the Bavarian Manor Apartments, the organization maintains 53 affordable housing units, ensuring that resources are available for those whose incomes are at or below 30% of the area median income.
The organization's commitment extends beyond just providing shelter; it aims to foster a strong community and promote independence among its residents. Tg 304 Inc offers a variety of programs and services through its on-site community learning center. These include after-school programs for youth, adult learning opportunities, and access to technology training, which are crucial for skill development and personal growth.
In addition to these educational initiatives, the organization addresses immediate needs by operating a food bank and organizing community events such as holiday celebrations and National Night Out. These activities not only provide essential resources but also enhance community ties and a sense of belonging among residents.
By adhering to regulations established by HUD and the Texas Department of Housing and Community Affairs, Tg 304 Inc ensures compliance and accountability, further solidifying its role as a reliable provider of low-income housing. This combination of secure housing, educational programming, and community engagement exemplifies Tg 304 Inc's dedication to uplifting individuals and families, fostering a pathway to self-sufficiency, and contributing to the overall well-being of the community.
This information is meant to be a general summary of Tg 304 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: $38
- Program Service Revenue: $409,818
- Gross Receipts: $412,886
Assets and Liabilities:
- Total Assets: $895,645
- Total Liabilities: $669,212
- Net Assets: $226,433
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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
$282,339
TENANT RENTAL INCOME
Revenue
$127,479
Organization Details
Founding Year
2001
Phone
(210) 821-4300Principal Officer
Jacklyn S Woodring
Main Address
3419 NACOGDOCHES ROAD, SAN ANTONIO, TX, 782173377
NTEE Category
Code: L21 - Housing
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