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Tg 104 Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 742699476 ✦ San antonio, TX ✦ Designated as a 501(c)(3)

Overview

What is Tg 104 Inc?

Tg 104 Inc, established in Texas in 1994, operates as a nonprofit organization with a mission to provide low-income housing and promote independence and self-sufficiency. During the reporting period, Tg 104 Inc continued to manage a HUD-funded Section 8 housing complex, Bavarian Manor Apartments, offering 53 units to families and individuals with income levels below 30% of the area median income. The organization operated in compliance with both HUD and the Texas Department of Housing and Community Affairs regulations. Additionally, Tg 104 Inc provided on-site social and educational services for residents, including case management, after-school programs, computer training, adult learning opportunities, food bank services, and holiday celebrations. The organization also maintained a 100% property tax exemption and sales tax exemption in Comal County, Texas.


Is Tg 104 Inc legitimate?

Tg 104 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tg 104 Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $98,079

For more financial information, click here


What is the mission statement of Tg 104 Inc?
Who is the CEO of Tg 104 Inc?
What is the revenue of Tg 104 Inc?
Who are the executives of Tg 104 Inc and what are their salaries?
Where can I find the form 990 for Tg 104 Inc?

Mission Statement of Tg 104 Inc

Tg 104 Inc, established as a nonprofit corporation in Texas in 1994, is committed to a mission that involves preserving assisted housing for families in need, fostering a strong community, and promoting independence and self-sufficiency. This organization primarily engages in the ownership and operation of the Bavarian Manor Apartments, a 53-unit complex located in New Braunfels, Texas. Tg 104 Inc's primary activity is providing Section 8 Housing Assistance Payment (HAP) rental assistance for these units, making them accessible to families and individuals with incomes below 30% of the area median income. The organization maintains a contract with the U.S. Department of Housing and Urban Development (HUD) to ensure these units remain affordable for those in need.

Impact

This information is meant to be a general summary of Tg 104 Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Wednesday, July 24, 2024

Tg 104 Inc's impact is significant in providing low-income housing and social educational services to the community. By sustaining the HUD property-based Section 8 HAP contract and maintaining all 53 units for low-income families and individuals, the organization plays a vital role in ensuring affordable housing options. Additionally, through its community learning center, Tg 104 Inc offers crucial programs, activities, and services for both youth and adult residents, promoting independence and self-sufficiency. Overall, Tg 104 Inc's efforts contribute to preserving assisted housing for those in need and developing a strong, supportive community in San Antonio, Texas.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,610
  • Program Service Revenue: $623,618
  • Gross Receipts: $702,967

    • Assets and Liabilities:
  • Total Assets: $2,416,749
  • Total Liabilities: $440,600
  • Net Assets: $1,976,149
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    TENANT ASSISTANCE PAYM

    Revenue

    $456,173

    TENANT RENTAL INCOME

    Revenue

    $167,445

    Organization Details

    Founding Year

    1994

    Principal Officer

    Jacklyn S Woodring

    Main Address

    3419 NACOGDOCHES ROAD, SAN ANTONIO, TX, 782173377

    NTEE Category

    Code: L210 - Housing

    If you are a representative of Tg 104 Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.