Tg 102 Inc

Nonprofit profile at a glance

EIN
742699473
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2023
Location
San Antonio, TX, USA
Phone
2108214300
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Low-Income & Subsidized Rental Housing

Reported finances

Revenue
$24,893
Expenses
$3,755,802
Assets
$631,039
Liabilities
$8,861

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • JACLYN S WOODRING (EXECUTIVE DIRECTOR)

Highest reported compensation

  • JACLYN S WOODRING (EXECUTIVE DIRECTOR): $352,294 total reported compensation
  • JAMES BUTCHER (MANAGEMENT AGENT CFO): $204,078 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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.

What it reported doing in 2024

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.

Operating model

Revenue model
Earned-program. 96% of the money available for current operations came from fees and other program revenue.
Distribution model
Grant intermediary. The nonprofit sent 98% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 72
  • Accountability: 95
  • Sustainability: 9
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 99.8%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -14,987.8%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0.17; rating input score 10; 10th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 27; 27th percentile among comparable filings
  • Officer compensation ratio: 1%; rating input score 20; 20th percentile among comparable filings

Growth

  • Program expense growth: 33.8% per year; rating input score 100; 91st percentile among comparable filings
  • Revenue growth: -2.8% per year; rating input score 0; 50th percentile among comparable filings
  • Asset growth: -3.6% per year; rating input score 0; 24th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 99.8% of spending went to programs
  • Governance: 4 of 4 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $3.7M in reported program spending
  • Leadership: top reported pay $352K · 6 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 18 of 18 current checks pass
  • Schedules: 7 filed schedules · includes grants and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 71 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 10/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • High — Sustainability: Officer compensation ratio scored 20/100.
  • High — Sustainability: Liabilities to assets ratio scored 27/100.