Tg 106 Inc
Nonprofit profile at a glance
- EIN
- 742699478
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2023
- Location
- San Antonio, TX, USA
- Phone
- 2108214300
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $89,247
- Expenses
- $8,214,057
- Assets
- $169,875
- Liabilities
- $76,255
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 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 august 3, 1994. The mission of the organization is to preserve assisted housing for families, to develop a strong community, and to promote self-sufficiency for residents.
What it reported doing in 2024
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.to further its mission to preserve assisted housing for families, to develop a strong community, and to promote self-sufficiency for residents, 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 Texas 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 100% 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: 68
- Accountability: 95
- Sustainability: 6
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; 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: -9,103.7%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 0.02; rating input score 6; 6th percentile among comparable filings
- Liabilities to assets ratio: 0.45; rating input score 11; 11th percentile among comparable filings
- Officer compensation ratio: 0.4%; rating input score 20; 20th percentile among comparable filings
Growth
- Program expense growth: 12.3% per year; rating input score 100; 78th percentile among comparable filings
- Revenue growth: -1% per year; rating input score 0; 56th percentile among comparable filings
- Asset growth: -1.8% per year; rating input score 0; 32nd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: 5 of 5 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $8.2M in reported program spending
- Leadership: top reported pay $352K · 7 people listed · 0 of 6 pay-setting controls reported
- Consistency: 19 of 19 current checks pass
- Schedules: 6 filed schedules · includes grants and executive pay
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 69 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 2/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 6/100.
- High — Growth: Asset growth scored 0/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Liabilities to assets ratio scored 11/100.
- High — Sustainability: Officer compensation ratio scored 20/100.