Tg 302 Inc
- Assets
- $1.7m
- Revenue
- $582.5k
- Investments
- $0.0
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 02/2002
- Data as of
- 12/2022
- EIN
- 74-2939665
Organization Overview
Tg 302 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 302 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 302 Inc generated $582.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $698.8k during the year ending 12/2022. While expenses have increased by 6.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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:
THE ORGANIZATION SUSTAINED THE HUD PROPERTY BASED SECTION 8 HAP CONTRACT AND CONTINUED TO MAKE ALL 50 UNITS AVAILABLE FOR LOW-INCOME FAMILIES AND INDIVIDUALS. THE ORGANIZATION MAINTAINED PROPERTY OPERATIONS IN COMPLIANCE WITH THE REGULATIONS OF HUDTHE 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, STATE OF TEXAS FRANCHISE TAX EXEMPTION, STATE OF TEXAS SALES TAX EXEMPTION.THE ORGANIZATION CONTINUED TO OPERATE AN ON-SITE HUD CERTIFIED NEIGHBORHOOD NETWORKS CENTER AT WHICH THE ORGANIZATION PROVIDED PROGRAMS, ACTIVITIES, AND SERVICES FOR THE YOUTH AND ADULT RESIDENTS AND SURROUNDING COMMUNITY. PROGRAMS, ACTIVITIES, AND SERVICES INCLUDED:CASE MANAGEMENT (INFORMAL) AND REFERRAL SERVICES AFTER-SCHOOL YOUTH PROGRAMON-LINE COMPUTER ACCESS AND TRAININGADULT LEARNING OPPORTUNITIESARTS & CRAFTS FINANCIAL/BUDGETING CLASSES NUTRITION CLASSESNATIONAL NIGHT OUT AND HOLIDAY CELEBRATIONSNATIONAL AFFORDABLE HOUSING MANAGEMENT ASSOCIATION (NAHMA) DRUG FREE POSTER ART CONTEST
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie Alford Chair | OfficerTrustee | 0.1 | $0 |
Dora Gonzalez Outgoing Director | Trustee | 0.1 | $0 |
Joan Cortinas Outgoing Asst.secretary | OfficerTrustee | 0.1 | $0 |
John Colunga Vice Chair/secretary | OfficerTrustee | 0.1 | $0 |
Luis Zuniga Treasurer | OfficerTrustee | 0.1 | $0 |
Gilbert M Piette Executive Director | Officer | 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 | $2,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,000 |
| Total Program Service Revenue | $570,058 |
| Investment income | $43 |
| 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 | $3,396 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $582,485 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $191,280 |
| 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 | $75,258 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,155 |
| Payroll taxes | $7,592 |
| Fees for services: Management | $48,160 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,205 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,744 |
| Advertising and promotion | $738 |
| Office expenses | $15,062 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $125,568 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,205 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $67,088 |
| Insurance | $3,368 |
| All other expenses | $3,455 |
| Total functional expenses | $698,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173,824 |
| Savings and temporary cash investments | $12,630 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,465 |
| 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 | $18,120 |
| Net Land, buildings, and equipment | $1,252,523 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $196,984 |
| Total assets | $1,666,546 |
| Accounts payable and accrued expenses | $35,126 |
| Grants payable | $0 |
| Deferred revenue | $5,178 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $9,000 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $382,324 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $138,778 |
| Total liabilities | $570,406 |
| Net assets without donor restrictions | $1,096,140 |
| 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 | $1,666,546 |