Tg 102 Inc
- Assets
- $4.4m
- Revenue
- $101.3k
- Investments
- $0.0
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 11/2002
- Data as of
- 12/2022
- EIN
- 74-2699473
Organization Overview
Tg 102 Inc is located in San Antonio, TX. The organization was established in 2002. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tg 102 Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Tg 102 Inc generated $101.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $593.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
AS A CHARITY, PROVIDES LOW-INCOME HOUSING AND RESIDENT SOCIAL AND EDUCATIONAL SERVICES.
Describe the Organization's Program Activity:
EXEMPT PURPOSE ACHIEVEMENTS: THE ORGANIZATION, THROUGH ITS OVERSIGHT OF OM/OV, LP, SUSTAINED THE HUD PROPERTY BASED SECTION 8 HAP CONTRACT AND CONTINUED TO MAKE 220 UNITS AVAILABLE FOR LOW-INCOME FAMILIES AND INDIVIDUALS. THE ORGANIZATION MAINTAINED PROPERTY OPERATIONS INCOMPLIANCE WITH THE REGULATIONS OF HUD AS WELL AS THE TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS {TDHCA) AND THE CITY OF SAN ANTONIO (COSA). THE ORGANIZATION THROUGH OM/OV, LP HAD PREVIOUSLY RECEIVED FUNDING FOR PROPERTY ACQUISITION AND REHABILITATION FROM THE TDHCA AS PART OF A TAX CREDIT EXCHANGE PROGRAM AND FOR REHABILITATION FROM COSA AS PART OF A RENTAL REHABILITATION PROGRAM AGREEMENT.THE FOLLOWING TAX EXEMPTIONS CONTINUED TO BE RECEIVED:INTERNAL REVENUE SERVICE 501(C) (3) INCOME TAX EXEMPTION.BEXAR COUNTY, TEXAS, APPRAISAL DISTRICT 100% PROPERTY TAX EXEMPTION.STATE OF TEXAS FRANCHISE TAX EXEMPTION.STATE OF TEXAS SALES TAX EXEMPTION. THE ORGANIZATION THROUGH ITS OVERSIGHT OF OM/OV, LP, CONTINUED TO OPERATE AN ON-SITE COMMUNITY LEARNING CENTER AT WHICH THE ORGANIZATION PROVIDED PROGRAMS, ACTIVITIES, AND SERVICES FOR THE YOUTH AND ADULT RESIDENTS.PROGRAMS, ACTIVITIES, AND SERVICES INCLUDED:CASE MANAGEMENT (INFORMAL) AND REFERRAL SERVICESAFTER-SCHOOL YOUTH PROGRAMON-LINE COMPUTER ACCESS AND TRAININGADULT LEARNING OPPORTUNITIES AND SUMMER YOUTH ACTIVITIES PROGRAMNATIONAL NIGHT OUT AND HOLIDAY CELEBRATIONSTO FURTHER ITS MISSION, THE ORGANIZATION MADE CONTRIBUTIONS TO HOUSING AND COMMUNITY SERVICES, INC. DBA PROSPERA HOUSING COMMUNITY SERVICES (PHCS). PHCS IS A PROVIDER OF SAFE, HIGH-QUALITY, AFFORDABLE HOUSING WITH SUPPORT SERVICES TO LOW-INCOME RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anita Remerowski Outgoing Chair | OfficerTrustee | 0.1 | $0 |
Shirley Bates Vice-Chair | OfficerTrustee | 0.1 | $0 |
Darrell Deming Secretary | OfficerTrustee | 0.1 | $0 |
Nancy Hard Treasurer | OfficerTrustee | 0.1 | $0 |
Herb Friedrich Asst Secretary | OfficerTrustee | 0.1 | $0 |
Patricia Casey Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $80,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,200 |
| Total Program Service Revenue | $39,712 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | -$18,577 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $101,335 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $505,200 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,003 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $70,008 |
| Advertising and promotion | $0 |
| Office expenses | $9 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,090 |
| All other expenses | $0 |
| Total functional expenses | $593,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,577 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $64,404 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,674 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $4,245,862 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,401,517 |
| Accounts payable and accrued expenses | $17,666 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15 |
| Total liabilities | $17,681 |
| Net assets without donor restrictions | $4,383,836 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,401,517 |
Grants Awarded
Over the last fiscal year, Tg 102 Inc has awarded $505,200 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HOUSING AND COMMUNITY SERVICES INC PURPOSE: RESIDENT SUPPORT SVC | $80,200 |
HOUSING AND COMMUNITY SERVICES INC PURPOSE: AFFORDABLE HOUSING | $425,000 |