Skip to content
Nonprofiteer
← TG 304 INC

Form 990 for tax year 2023

Filed by TG 304 INC.

Totals

Total revenue
$430,250
Total expenses
$377,897
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$427,560
Investment income
$88
Other revenue
$2,602
Total assets, end of year
$919,400
Total liabilities, end of year
$640,614
Net assets or fund balances, end of year
$278,786
Program services expenses (Part IX)
$338,225
Management and general expenses
$39,672
Fundraising expenses
$0
Program service expenses (Part III)
$338,225

Program services were 89.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • AUDREY DAVENPORT

    TREASURER

    Total calculated
    $0
    Hours/week
    0.1

  • BEVERLY HAUG

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • EDGAR CHAMBERS

    CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • NORMA JEAN PARR

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.1

  • SUE GAIL CROUCH

    ASSISTANT SECRETARY(OUTGOING)

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 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 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 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 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.

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
202443209349301854

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.