Tg 304 Inc
- Assets
- $919.4k
- Revenue
- $430.3k
- Investments
- $0.0
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 06/2002
- Data as of
- 12/2023
- EIN
- 74-3019775
Organization Overview
Tg 304 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 304 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 12/2023, Tg 304 Inc generated $430.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $377.9k during the year ending 12/2023. While expenses have increased by 1.4% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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
DURING THE REPORTING PERIOD, THE ORGANIZATION SUSTAINED THE HUD PROPERTY BASED SECTION 8 HAP CONTRACT AND CONTINUED TO MAKE ALL 40 UNITS AVAILABLE FOR LOW-INCOME FAMILIES AND INDIVIDUALS. THE ORGANIZATION MAINTAINED PROPERTY OPERATIONS IN COMPLIANCE WITH THE REGULATIONS OF HUD.THE FOLLOWING TAX EXEMPTIONS CONTINUED TO BE RECEIVED:INTERNAL REVENUE SERVICE 501(C)(3) INCOME TAX EXEMPTION.CALDWELL 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 SERVICESAFTER-SCHOOL YOUTH PROGRAMON-LINE COMPUTER ACCESS AND TRAININGHEALTH FAIRSFINANCIAL LITERACY CLASSESJOB SKILLS CLASSESNATIONAL NIGHT OUT AND HOLIDAY CELEBRATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Audrey Davenport Treasurer | OfficerTrustee | 0.1 | $0 |
Beverly Haug Vice Chair | OfficerTrustee | 0.1 | $0 |
Edgar Chambers Chair | OfficerTrustee | 0.1 | $0 |
Norma Jean Parr Secretary | OfficerTrustee | 0.1 | $0 |
Sue Gail Crouch Assistant Secretary(outgoing) | OfficerTrustee | 0.1 | $0 |
Jaclyn S Woodring 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $427,560 |
| Investment income | $88 |
| 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 | $430,250 |
| 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 | $48,351 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,674 |
| Payroll taxes | $4,010 |
| Fees for services: Management | $29,988 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,001 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,958 |
| Advertising and promotion | $687 |
| Office expenses | $12,764 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $120,385 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $674 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,378 |
| Insurance | $3,402 |
| All other expenses | $1,406 |
| Total functional expenses | $377,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,041 |
| Savings and temporary cash investments | $13,903 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,633 |
| 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 | $15,276 |
| Net Land, buildings, and equipment | $551,295 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $193,252 |
| Total assets | $919,400 |
| Accounts payable and accrued expenses | $26,534 |
| Grants payable | $0 |
| Deferred revenue | $3,532 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $13,102 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $199,559 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $397,887 |
| Total liabilities | $640,614 |
| Net assets without donor restrictions | $278,786 |
| 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 | $919,400 |