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Nonprofiteer
← TG 102 INC

Form 990 for tax year 2024

Filed by TG 102 INC.

Totals

Total revenue
$24,893
Total expenses
$3,755,802
Contributions and grants received
$0
Grants paid
$3,676,104
Program service revenue
$23,882
Investment income
$1,011
Other revenue
$0
Total assets, end of year
$631,039
Total liabilities, end of year
$8,861
Net assets or fund balances, end of year
$622,178
Program services expenses (Part IX)
$3,748,518
Management and general expenses
$7,284
Fundraising expenses
$0
Program service expenses (Part III)
$3,748,518

Program services were 99.8% 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.

  • 2a · Program service revenue: PROGRAM RELATED INVEST

    total $23,882 · related or exempt $23,882

  • 3 · Investment income

    total $1,011 · excluded $1,011

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,676,104 · program services $3,676,104

  • 11b · Fees: legal

    total $1,500 · management and general $1,500

  • 11c · Fees: accounting

    total $2,400 · program services $2,400

  • 11g · Fees: other

    total $70,008 · program services $70,008

  • 23 · Insurance

    total $3,249 · management and general $3,249

  • 24a · Other expenses: ADMINISTARTIVE

    total $2,535 · management and general $2,535

  • 24b · Other expenses: K-1:OM/OV

    total $6 · program services $6

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $77,048 · end of year $209,610

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,028 · end of year $2,034

  • 13 · Investments: program-related

    beginning of year $4,249,805 · end of year $419,395

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,658 · end of year $8,846

  • 25 · Other liabilities

    beginning of year $15 · end of year $15

  • 27 · Net assets without donor restrictions

    beginning of year $4,322,208 · end of year $622,178

Mission and programs · 2024

Mission

THE ORGANIZATION WAS INCORPORATED AS A NONPROFIT CORPORATION IN THE STATE OF TEXAS ON MAY 10, 1994. THE MISSION OF THE ORGANIZATION IS TO PROVIDE DECENT, SAFE AND SANITARY HOUSING FOR LOW-INCOME HOUSEHOLDS AND TO CREATE OPPORTUNITIES AND INCENTIVES FOR RESIDENTS TO ACHIEVE SELF-SUFFICIENCY. THE ORGANIZATION IS SOLE MEMBER OF OM/OV GP, LLC, GENERAL PARTNER OF OM/OV, LP. THE ORGANIZATION PROVIDES OVERSIGHT AND GUIDANCE FOR THE OWNERSHIP AND OPERATION OF OM/OV, LP OPERATING AS OAK MANOR APARTMENTS, WHICH IS A 229-UNIT APARTMENT COMPLEX LOCATED AT 2330 AUSTIN HIGHWAY, SAN ANTONIO, TEXAS 78218. THE ORGANIZATION, THROUGH ITS OVERSIGHT OF OM/OV, LP, MAINTAINS A. U. S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) PROPERTY BASED SECTION 8 HOUSING ASSISTANCE PAYMENT (HAP) RENTAL ASSISTANCE CONTRACT FOR 220 UNITS. THE HAP RENT ASSISTED UNITS ARE MADE AVAILABLE TO FAMILIES AND INDIVIDUALS WITH INCOMES OF LESS THAN 30% OF AREA MEDIAN INCOME.

Activities or mission (Part I)

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

  • THE ORGANIZATION, THROUGH ITS OVERSIGHT OF OM/OV, LP, SUSTAINED THE HUD PROPERTY BASED SECTION 8 HAP CONTRACT AND CONTINUED TO MAKE 220 UNITS AVAILABLE FOR LOW-INCOME FAMILIES AND INDIVIDUALS. THE ORGANIZATION MAINTAINED PROPERTY OPERATIONS INCOMPLIANCE WITH THE REGULATIONS OF HUD AS WELL AS THE TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS (TDHCA) AND THE CITY OF SAN ANTONIO (COSA). THE ORGANIZATION THROUGH OM/OV, LP HAD PREVIOUSLY RECEIVED FUNDING FOR PROPERTY ACQUISITION AND REHABILITATION FROM THE TDHCA AS PART OF A TAX CREDIT EXCHANGE PROGRAM AND FOR REHABILITATION FROM COSA AS PART OF A RENTAL REHABILITATION PROGRAM AGREEMENT.THE FOLLOWING TAX EXEMPTIONS CONTINUED TO BE RECEIVED:INTERNAL REVENUE SERVICE 501(C) (3) INCOME TAX EXEMPTION.BEXAR COUNTY, TEXAS, APPRAISAL DISTRICT 100% PROPERTY TAX EXEMPTION.STATE OF TEXAS FRANCHISE TAX EXEMPTION.STATE OF TEXAS SALES TAX EXEMPTION. THE ORGANIZATION THROUGH ITS OVERSIGHT OF OM/OV, LP, 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:CASE MANAGEMENT (INFORMAL) AND REFERRAL SERVICESAFTER-SCHOOL YOUTH PROGRAMON-LINE COMPUTER ACCESS AND TRAININGADULT LEARNING OPPORTUNITIES AND SUMMER YOUTH ACTIVITIES PROGRAMNATIONAL NIGHT OUT AND HOLIDAY CELEBRATIONSTO FURTHER ITS MISSION, THE ORGANIZATION MAKES CONTRIBUTIONS TO HOUSING AND COMMUNITY SERVICES, INC. DBA PROSPERA HOUSING COMMUNITY SERVICES (PHCS). PHCS IS A 501(C)(3) INCOME TAX-EXEMPT, NON-PROFIT TAX CORPORATION PROVIDER OF SAFE, HIGH-QUALITY, AFFORDABLE HOUSING WITH SUPPORT SERVICES TO LOW-INCOME RESIDENTS.

    Expenses $3,748,518 · Grants $3,676,104 · Revenue $23,882

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DARRELL DEMING

    CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 1.3 related

  • NANCY HARD

    TREASURER

    Total calculated
    $0
    Hours/week
    0.1 + 2.3 related

  • PATRICIA CASEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.2 related

  • SHIRLEY BATES

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • JACLYN S WOODRING

    EXECUTIVE DIRECTOR

    Total calculated
    $352,294
    From this org
    $0
    From related orgs
    $322,500
    Other
    $29,794
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $249,998 related
    Bonus
    $0 + $62,501 related
    Other
    $0 + $10,001 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $29,794 related
    Filer's total
    $0 + $352,294 related

  • JAMES BUTCHER

    MANAGEMENT AGENT CFO

    Total calculated
    $204,078
    From this org
    $0
    From related orgs
    $198,077
    Other
    $6,001
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $198,077 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $6,001 related
    Filer's total
    $0 + $204,078 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 THE 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

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 104 INC

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

    Directly controlled by HCS

  • TG 105 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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • OMOV GPLLC

    LOW- INCOME HOUSING · TX · income -$4 · assets $420,395

    Directly controlled by TG 102 INC

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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2024
Filed
11 November 2025
IRS schema version
2024v5.2
Source object
202543169349301249

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