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Nonprofiteer
← TG 303 INC

Form 990 for tax year 2023

Filed by TG 303 INC.

Totals

Total revenue
-$11,183
Total expenses
$6,290
Contributions and grants received
$1,000
Grants paid
$1,000
Program service revenue
$0
Investment income
$0
Other revenue
-$12,183
Total assets, end of year
$34,670
Total liabilities, end of year
$4,180
Net assets or fund balances, end of year
$30,490
Program services expenses (Part IX)
$1,000
Management and general expenses
$5,290
Fundraising expenses
$0
Program service expenses (Part III)
$1,000

Program services were 15.9% 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

    $1,000

  • 9a · Gaming: gross income

    $369,335

  • 9b · Gaming: direct expenses

    $381,618

  • 9c · Net income from gaming

    total -$12,283 · unrelated business -$12,283

  • 11a · Other revenue: PY EXPENSES RECOVERIES

    total $100 · related or exempt $100

  • 11e · Other revenue, total

    $100

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,000 · program services $1,000

  • 11c · Fees: accounting

    total $2,241 · management and general $2,241

  • 23 · Insurance

    total $3,030 · management and general $3,030

  • 24a · Other expenses: ADMINISTRATIVE

    total $19 · management and general $19

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $36,713 · end of year $31,406

  • 4 · Accounts receivable

    beginning of year $12,988 · end of year $1,373

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,639 · end of year $1,891

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,377 · end of year $4,180

  • 27 · Net assets without donor restrictions

    beginning of year $47,963 · end of year $30,490

Mission and programs · 2023

Mission

THE ORGANIZATION WAS INCORPORATED AS A NONPROFIT CORPORATION IN THE STATE OF TEXAS ON MARCH 6, 2000. THE MISSION OF THE ORGANIZATION IS TO PRESERVE AFFORDABLE HOUSING FOR FAMILIES, TO PROMOTE A STRONG RESIDENT COMMUNITY, AND TO ASSIST RESIDENTS TO ACHIEVE SOCIAL AND ECONOMIC STABILITY.

Activities or mission (Part I)

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

  • TO FURTHER ITS MISSION TO PROMOTE STRONG AFFORDABLE HOUSING RESIDENT COMMUNITIES AND TO ASSIST AFFORDABLE HOUSING RESIDENTS TO ACHIEVE SOCIAL AND ECONOMIC STABILITY, THE ORGANIZATION MAKES CONTRIBUTIONS TO HOUSING AND COMMUNITY SERVICES, INC. DBA PROSPERA HOUSING COMMUNITY SERVICES (PHCS). PHCS IS A PROVIDER OF SAFE, HIGH QUALITY, AFFORDABLE HOUSING WITH SUPPORT SERVICES TO LOW-INCOME RESIDENTS.THE FOLLOWING TAX EXEMPTIONS CONTINUED TO BE RECEIVED:INTERNAL REVENUE SERVICE 501(C)(3) INCOME TAX EXEMPTION. NUECES COUNTY, TEXAS, APPRAISAL DISTRICT 100% PROPERTY TAX EXEMPTION.STATE OF TEXAS FRANCHISE TAX EXEMPTION.STATE OF TEXAS SALES TAX EXEMPTION.

    Expenses $1,000 · Grants $1,000 · Revenue $100

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

Listed in Part VII

  • Celia Garcia

    ASST SECRETARY (OUTGOING)

    Total calculated
    $0
    Hours/week
    0.1

  • Cenaida Balboa

    SECRETARY (OUTGOING)

    Total calculated
    $0
    Hours/week
    0.1

  • Cindy Boston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.2 related

  • Debra Smith

    TREASURER

    Total calculated
    $0
    Hours/week
    0.1 + 0.2 related

  • Everett Roy

    CHAIR (OUTGOING)

    Total calculated
    $0
    Hours/week
    0.1 + 0.2 related

  • Guadalupe Feregrino

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • Lamont Taylor

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 0.2 related

  • 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 SVPFA

    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 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 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 FINANCIAL 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 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.

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.

  • 810910NORTHFRIOSTREETLP

    LOW INCOME HOUSING · TX

  • CAMBRIAN EAST RIVERSIDE LP

    LOW INCOME HOUSING · TX

  • CUNNINGHAMMANORLP

    LOW INCOME HOUSING · TX

  • EASTERLING CULEBRA APARTMENTS LP

    LOW INCOME HOUSING · TX

  • GALAXYHOUSING&COMMUNITYSVCS

    LOW INCOME HOUSING · TX

  • GUILD PARK LP

    LOW INCOME HOUSING · TX

  • HCSAMSTARJOINTVENTURE1

    LOW INCOME HOUSING · TX

  • KINGSVILLELULACMANORLP

    LOW INCOME HOUSING · TX

  • MONTABELLA POINTE LTD

    LOW INCOME HOUSING · TX

  • OMOVLP

    LOW INCOME HOUSING · TX

  • PHCS RIO MANOR LP

    LOW INCOME HOUSING · TX

  • PHCS VILLAGE AT ROOSEVELT LP

    LOW INCOME HOUSING · TX

  • PROSPERAFRANKLIN JOINT VENTURE #1

    LOW INCOME HOUSING · TX

  • PROSPERAHCS CALALLEN LP

    LOW INCOME HOUSING · TX

  • PV COUNTRY CLUB VILLAGE LP

    LOW INCOME HOUSING · TX

  • TG 105 WESLACO VILLAGE LP

    LOW INCOME HOUSING · TX

  • TG 110 CASA DE MANANA LP

    LOW INCOME HOUSING · TX

  • TG 110 GLENOAK LP

    LOW INCOME HOUSING · TX

  • TG 110 LEXINGTON LP

    LOW INCOME HOUSING · TX

  • TG 110 PALMS AT BLUCHER PARK LP

    LOW INCOME HOUSING · TX

  • TG 110 SAMUEL PLACE LP

    LOW INCOME HOUSING · TX

  • TG 110 VILLAGE AT HENDERSON LP

    LOW INCOME HOUSING · TX

  • TG 110 VILLAGE AT MCARDLE LP

    LOW INCOME HOUSING · TX

  • THE PALMS AT LEOPARD LTD

    LOW INCOME HOUSING · TX

  • VILLAGE AT NOGALITOS LP

    LOW INCOME HOUSING · TX

  • WCA LP

    LOW INCOME HOUSING · TX

  • WESTDURANGOLP

    LOW INCOME HOUSING · TX

Related corporations and trusts

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

  • 810910NORTHFRIOSTREETGPLLC

    C · PROPERTY MGMT · TX

  • CAMBRIAN EAST RIVERSIDE GP LLC

    C · LOW INCOME HOUSING · TX

  • CUNNINGHAMMANORGPLLC

    C · PROPERTY MGMT · TX

  • EASTERLING CULEBRA APARTMENTS GP LLC

    C · LOW INCOME HOUSING · TX

  • GUILD PARK GP LLC

    C · LOW INCOME HOUSING · TX

  • HCS MONTABELLA POINTE LLC

    C · LOW INCOME HOUSING · TX

  • HCS PORT ROYAL GP LLC

    C · LOW INCOME HOUSING · TX

  • HSC MISSION DEL RIO GP LLC

    C · LOW INCOME HOUSING · TX

  • KINGSVILLELULACMANORGPLLC

    C · PROPERTY MGMT · TX

  • MORTGAGE BANKERS CORPORATION

    C · PROPERTY MGMT · TX

  • NHMC NATIONAL HOUSING MANAGEMENT CORPORATION

    C · PROPERTY MGMT · TX

  • PHCS RIO MANOR GP LLC

    C · PROPERTY MGMT · TX

  • PHCS VILLAGE AT ROOSEVELT GP LLC

    C · LOW INCOME HOUSING · TX

  • PROSPERA HQ LLC

    C · LOW INCOME HOUSING · TX

  • PROSPERAHCS CALALLEN GP LLC

    C · LOW INCOME HOUSING · TX

  • PV COUNTRY CLUB VILLAGE GP LLC

    C · PROPERTY MGMT · TX

  • TG 105 WESLACO VILLAGE GP LLC

    C · PROPERTY MGMT · TX

  • TG 110 CASA DE MANANA GP LLC

    C · LOW INCOME HOUSING · TX

  • TG 110 GLENOAK GP LLC

    C · LOW INCOME HOUSING · TX

  • TG 110 LEXINGTON GP LLC

    C · LOW INCOME HOUSING · TX

  • TG 110 PALMS AT BLUCHER PARK GP LLC

    C · LOW INCOME HOUSING · TX

  • TG 110 SAMUEL PLACE GP LLC

    C · LOW INCOME HOUSING · TX

  • TG 110 VILLAGE AT HENDERSON GP LLC

    C · LOW INCOME HOUSING · TX

  • TG 110 VILLAGE AT MCARDLE GP LLC

    C · LOW INCOME HOUSING · TX

  • THE PALMS AT LEOPARD GP LLC

    C · LOW INCOME HOUSING · TX

  • VILLAGE AT NOGALITOS GP LLC

    C · PROPERTY MGMT · TX

  • VILLAGE AT NOGALITOS GP LLC

    C · LOW INCOME HOUSING · TX

  • WCA GP LLC

    C · LOW INCOME HOUSING · TX

  • WEDGE MANAGEMENT INC

    C · PROPERTY MGMT · TX

  • WESTDURANGOGPLLC

    C · PROPERTY MGMT · TX

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202403209349301815

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