T G 108 Inc
- Assets
- $3.6m
- Revenue
- $424.4k
- Investments
- $0.0
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 11/2002
- Data as of
- 12/2021
- EIN
- 74-2699491
Organization Overview
T G 108 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. T G 108 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, T G 108 Inc generated $424.4k 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 (9.5%) each year. All expenses for the organization totaled $494.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.0%) 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
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Castaneda Chair | OfficerTrustee | 0.1 | $0 |
Josefina Luera Secretary - Ended In Tax Year | OfficerTrustee | 0.1 | $0 |
Rafael Torres Asst Sec/treasurer | OfficerTrustee | 0.1 | $0 |
Rene Gonzalez Secretary | OfficerTrustee | 0.1 | $0 |
Maria Vasquez Vice Chair | OfficerTrustee | 0.1 | $0 |
James Butcher Mgt Agent Svpfa - See Sch O | Officer | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Professional Employer Services Inc Staff Leasing | 6/29/19 | $176,610 |
Cubit Contracting Llc General Construction | 6/29/19 | $115,682 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $405,760 |
| Investment income | $175 |
| 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 | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $424,360 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $81,988 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,854 |
| Payroll taxes | $6,204 |
| Fees for services: Management | $38,443 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,482 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,358 |
| Advertising and promotion | $437 |
| Office expenses | $15,054 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $117,857 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $305 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $95,552 |
| Insurance | $1,572 |
| All other expenses | $5,789 |
| Total functional expenses | $494,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $220,542 |
| Savings and temporary cash investments | $20,700 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $523 |
| 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 | $30,432 |
| Net Land, buildings, and equipment | $2,663,303 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $702,223 |
| Total assets | $3,637,723 |
| Accounts payable and accrued expenses | $39,945 |
| Grants payable | $0 |
| Deferred revenue | $10,048 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $17,742 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,204,655 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $267 |
| Total liabilities | $1,272,657 |
| Net assets without donor restrictions | $2,365,066 |
| 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 | $3,637,723 |
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Provident Commonwealth Education Resources Ii Baton Rouge, LA | $154,926,817 | $6,407,611 |
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