Tg 105 Inc
- Assets
- $886.0k
- Revenue
- $20.0k
- Investments
- $0.0
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 11/2002
- Data as of
- 12/2021
- EIN
- 74-2699477
Organization Overview
Tg 105 Inc is located in San Antonio, TX. The organization was established in 2002. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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 105 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 12/2021, Tg 105 Inc generated $20.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.2%) each year. All expenses for the organization totaled $11.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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:
Part 3 - Line 4a
THE ORGANIZATION, THROUGH ITS OVERSIGHT OF THE LPS, MAINTAINED PROPERTY OPERATIONS IN COMPLIANCE WITH THE REGULATIONS OF HUD AND THE TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS (TDHCA). THE ORGANIZATION THROUGH THE LPS HAD PREVIOUSLY RECEIVED FUNDING FOR PROPERTIES ACQUISITION AND REHABILITATION FROM THE TDHCA AS PART OF TAX CREDIT PROGRAMS.THE FOLLOWING TAX EXEMPTIONS CONTINUED TO BE RECEIVED:INTERNAL REVENUE SERVICE 501 (C)(3) INCOME TAX EXEMPTION. CAMERON COUNTY, TEXAS, APPRAISAL DISTRICT 100% PROPERTY TAX EXEMPTION. HIDALGO COUNTY, TEXAS, APPRAISAL DISTRICT 503, PROPERTY TAX EXEMPTION.STATE OF TEXAS FRANCHISE TAX EXEMPTION. STATE OF TEXAS SALES TAX EXEMPTION.THE ORGANIZATION THROUGH ITS OVERSIGHT OF THE CUNNINGHAM MANOR APARTMENTS, 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:ON-LINE COMPUTER ACCESS AND TRAINING ADULT LEARNING OPPORTUNITIES AND YOUTH ACTIVITIES NATIONAL NIGHT OUT AND HOLIDAY CELEBRATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie Alford Chair | OfficerTrustee | 0.1 | $0 |
Joan Cortinas Outgoing Vice Chair/asst Sec | OfficerTrustee | 0.1 | $0 |
Luis Zuniga Secretary/treasurer | OfficerTrustee | 0.1 | $0 |
Rafael Cervantes Director | Trustee | 0.1 | $0 |
Yolanda Garcia Director | Trustee | 0.1 | $0 |
Gilbert M Piette Outgoing Executive Director | Officer | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| 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 | -$11,771 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,982 |
| Statement of Expenses | |
|---|---|
| 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 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 | $171 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,916 |
| Advertising and promotion | $0 |
| Office expenses | $81 |
| 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 | $1,409 |
| All other expenses | $0 |
| Total functional expenses | $11,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,824 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,429 |
| 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 | $1,639 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $876,111 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $886,003 |
| Accounts payable and accrued expenses | $43,771 |
| 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 | $121,413 |
| Total liabilities | $165,184 |
| Net assets without donor restrictions | $720,819 |
| 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 |
| Total liabilities and net assets/fund balances | $720,819 |