Overview
What is Tg 305 Inc?
Tg 305 Inc is a nonprofit organization based in San Antonio, Texas, with a primary focus on providing affordable housing for low-income families and individuals. They maintain a 36-unit apartment complex known as Meadow Park Village, upholding a U.S. Department of Housing and Urban Development (HUD) contract. The organization offers additional social and educational programs for its residents, such as after-school programs, computer access and training, health fairs, financial literacy classes, job skills classes, and community events. Their mission extends beyond housing, aiming to foster a strong resident community and assist residents in achieving social and economic independence. The nonprofit also operates a Neighborhood Networks Center, offering various programs and services to the surrounding community.
Is Tg 305 Inc legitimate?
Tg 305 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tg 305 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: $60,354
For more financial information, click here
What is the mission statement of Tg 305 Inc?
Tg 305 Inc, established as a nonprofit corporation in Texas, has a mission to preserve affordable housing for families and promote a strong residential community. The organization aims to assist its residents in achieving social and economic independence. The primary activity of Tg 305 Inc is the management of the Meadow Park Village Apartments, a 36-unit complex, providing housing for very low-income families and individuals. The organization holds a U.S. Department of Housing and Urban Development (HUD) Property-Based Section 8 Housing Assistance Payment (HAP) Rental Assistance contract, making the rent-assisted units accessible to families and individuals whose income is less than 30% of the area median income.
Who is the CEO of Tg 305 Inc?
Jaclyn S Woodring is the Vice Chair of Tg 305 Inc.
What is the revenue of Tg 305 Inc?
Tg 305 Inc's revenue in 2022 was $440,042.
Who are the executives of Tg 305 Inc and what are their salaries?
There 6 volunteers at Tg 305 Inc.
Here are 9 key members and their salaries:
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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 305 Inc?
Tg 305 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tg 305 Inc
Tg 305 Inc, incorporated as a nonprofit corporation in Texas, is committed to preserving affordable housing for families and promoting a strong residential community. Their mission is to assist residents in achieving social and economic independence. As the primary activity of the organization, Tg 305 Inc owns and operates Meadow Park Village Apartments, a 36-unit complex in Lockhart, Texas, providing affordable housing for very low-income families and individuals. The organization ensures that its units are rent-assisted through a U.S. Department of Housing and Urban Development (HUD) Property Based Section 8 Housing Assistance Payment (HAP) contract, making them available to families and individuals with incomes less than 30% of the area median income. In essence, Tg 305 Inc strives to provide affordable housing and support services to those in need, helping them build a stable and independent life.
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Impact
October, 2024
Tg 305 Inc significantly contributes to the well-being of very low-income families and individuals in San Antonio, Texas, by sustaining affordable housing and providing essential social and educational services. Operating the Meadow Park Village Apartments, a 36-unit complex, it ensures that these residences are available to those with incomes below 30% of the area median, thereby addressing critical housing needs in the community.
The organization maintains compliance with regulations and continues to support these low-income units through a HUD property-based Section 8 Housing Assistance Payment contract. This effort not only provides stable housing but also promotes a strong resident community.
In addition to housing, Tg 305 Inc enhances the quality of life for residents and the surrounding community through various programs and services offered at its on-site HUD certified Neighborhood Networks Center. Initiatives such as after-school youth programs, health fairs, financial literacy classes, job skills training, and community celebrations foster personal development and social connections. These efforts enable residents to work towards economic independence and improve their overall well-being, creating a positive ripple effect in the local community.
This information is meant to be a general summary of Tg 305 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: $32
- Program Service Revenue: $436,888
- Gross Receipts: $440,042
Assets and Liabilities:
- Total Assets: $1,263,527
- Total Liabilities: $1,250,072
- Net Assets: $13,455
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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
$319,770
TENANT RENTAL INCOME
Revenue
$117,118
Organization Details
Founding Year
2001
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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