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Nonprofiteer
← TG 105 INC

Form 990 for tax year 2023

Filed by TG 105 INC.

Totals

Total revenue
$92,614
Total expenses
$34,229
Contributions and grants received
$2,000
Grants paid
$2,000
Program service revenue
$100,065
Investment income
$0
Other revenue
-$9,451
Total assets, end of year
$1,512,825
Total liabilities, end of year
$203,667
Net assets or fund balances, end of year
$1,309,158
Program services expenses (Part IX)
$27,635
Management and general expenses
$6,594
Fundraising expenses
$0
Program service expenses (Part III)
$27,635

Program services were 80.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,000

  • 2a · Program service revenue: PROGRAM RELATED INVEST

    total $70,010 · related or exempt $70,010

  • 2b · Program service revenue: CONTRACT SERVICES

    total $30,055 · related or exempt $30,055

  • 9a · Gaming: gross income

    $273,496

  • 9b · Gaming: direct expenses

    $282,947

  • 9c · Net income from gaming

    total -$9,451 · unrelated business -$9,451

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,000 · program services $2,000

  • 11c · Fees: accounting

    total $5,803 · program services $5,803

  • 11g · Fees: other

    total $19,832 · program services $19,832

  • 23 · Insurance

    total $6,518 · management and general $6,518

  • 24a · Other expenses: ADMINISTRATIVE

    total $76 · management and general $76

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $27,667 · end of year $18,290

  • 4 · Accounts receivable

    beginning of year $10,450 · end of year $1,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,814 · end of year $4,517

  • 13 · Investments: program-related

    beginning of year $1,252,732 · end of year $1,489,018

  • 17 · Accounts payable and accrued expenses

    beginning of year $48,158 · end of year $48,710

  • 25 · Other liabilities

    beginning of year $135,125 · end of year $154,957

  • 27 · Net assets without donor restrictions

    beginning of year $1,111,380 · end of year $1,309,158

Mission and programs · 2023

Mission

SEE SCHEDULE O

Activities or mission (Part I)

AS A CHARITY, PROVIDES LOW-INCOME HOUSING AND RESIDENT SOCIAL AND EDUCATIONAL SERVICES.

  • 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 50%, 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, YOUTH ACTIVITIES, NATIONAL NIGHT OUT, AND HOLIDAY CELEBRATIONS.

    Expenses $27,635 · Grants $2,000 · Revenue $100,065

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DEBBIE ALFORD

    CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • LUIS ZUNIGA

    SECRETARY/TREASURER (OUTGOING)

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • RAFAEL CERVANTES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • YOLANDA GARCIA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • JACLYN S WOODRING

    EXECUTIVE DIRECTOR

    Total calculated
    $317,976
    From this org
    $0
    From related orgs
    $297,100
    Other
    $20,876
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $250,000 related
    Bonus
    $0 + $37,100 related
    Other
    $0 + $10,000 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $20,876 related
    Filer's total
    $0 + $317,976 related

  • JAMES BUTCHER

    MANAGEMENT AGENT CFO

    Total calculated
    $204,819
    From this org
    $0
    From related orgs
    $198,090
    Other
    $6,729
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $172,443 related
    Bonus
    $0 + $25,647 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $6,729 related
    Filer's total
    $0 + $204,819 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
HOUSING AND COMMUNITY SERVICES, INC. (HCS), IS A RELATED 501(C) (3) TAX EXEMPT ORGANIZATION THAT PROVIDES OVERSIGHT SERVICES AND RESIDENT SERVICES COORDINATION TO THE ORGANIZATION. HCS MAINTAINS CONTROL OF THE ORGANIZATION BY ITS POWER TO APPOINT THE MAJORITY OF THE MEMBERS OF THE BOARD. THE EXECUTIVE DIRECTOR (ED) OF HCS ALSO SERVES AS THE UNCOMPENSATED ED OF THE ORGANIZATION. THE HCS BOARD OF DIRECTORS ESTABLISHES A COMPENSATION COMMITTEE ANNUALLY TO REVIEW COMPENSATION FOR THE ED. NONE OF THE ED COMPENSATION IS PAID BY THE ORGANIZATION. WEDGE MANAGEMENT, INC. (WMI) IS A RELATED TAXABLE CORPORATION THAT PROVIDES PROPERTY MANAGEMENT AND ACCOUNTING SERVICES TO THE ORGANIZATION. THE ED OF THE ORGANIZATION IS ALSO THE CEO OF WMI. TOGETHER HCS, WMI, AND THREE OTHER HCS ASSOCIATES PAY THE COMPENSATION AND BENEFITS (C&B) FOR THE ED. THE CHIEF EXECUTIVE OFFICER(CFO) FOR HCS AND WMI ALSO SERVES AS THE UNCOMPENSATED CFO FOR THE ORGANIZATION. HCS PAYS THE C&B FOR THE CFO. THE ED WITH OVERSIGHT FROM THE HCS COMPENSATION COMMITTEE ANNUALLY REVIEWS THE COMPENSATION FOR THE CFO. NONE OF THE CFO COMPENSATION IS PAID BY THE ORGANIZATION. THE ORGANIZATION HAS ELECTED TO USE OPTION 1 (FORM W-2 METHOD) TO REPORT THE C&B OF THE ED AND CFO.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • HCS HOUSTON HOUSE INC

    501(C)(3) · LOW-INCOME HOUSING · TX

    Directly controlled by HCS

  • HOUSING AND COMMUNITY SERVICES INC

    501(C)(3) · LOW-INCOME HOUSING · TX

    Directly controlled by HCS

  • TG 102 INC

    501(C)(3) · LOW-INCOME HOUSING · TX

    Directly controlled by HCS

  • TG 104 INC

    501(C)(3) · LOW-INCOME HOUSING · TX

    Directly controlled by HCS

  • TG 106 INC

    501(C)(3) · LOW-INCOME HOUSING · TX

    Directly controlled by HCS

  • TG 107 INC

    501(C)(3) · LOW-INCOME HOUSING · TX

    Directly controlled by HCS

  • TG 108 INC

    501(C)(3) · LOW-INCOME HOUSING · TX

    Directly controlled by HCS

  • TG 109 INC

    501(C)(3) · LOW-INCOME HOUSING · TX

    Directly controlled by HCS

  • TG 110 INC

    501(C)(3) · LOW-INCOME HOUSING · TX

    Directly controlled by HCS

  • TG 301 INC

    501(C)(3) · LOW-INCOME HOUSING · TX

    Directly controlled by HCS

  • TG 302 INC

    501(C)(3) · LOW-INCOME HOUSING · TX

    Directly controlled by HCS

  • TG 303 INC

    501(C)(3) · LOW-INCOME HOUSING · TX

    Directly controlled by HCS

  • TG 304 INC

    501(C)(3) · LOW-INCOME HOUSING · TX

    Directly controlled by HCS

  • TG 305 INC

    501(C)(3) · LOW-INCOME HOUSING · TX

    Directly controlled by HCS

  • TG 306 INC

    501(C)(3) · LOW-INCOME HOUSING · TX

    Directly controlled by HCS

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202423209349301632

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