Tg 109 Inc

Nonprofit profile at a glance

EIN: 742699723
IRS 990 coverage: 2010–2024
Forms available: Form 990 2024, Form 990-EZ 2009
Location: San Antonio, TX, USA
Phone: 2108214300
Rating: 77
Verdict: SUPPORTED
Rating confidence: Moderate
Sector: Low-Income & Subsidized Rental Housing

Reported finances

Revenue: $5,273
Expenses: $503,494
Assets: $103,516
Liabilities: $2,450

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

Leadership & pay

8 people listed

Executive titles in this filing

JACLYN SWOODEING (EXECUTIVE DIRECTOR)

Highest reported compensation

JACLYN SWOODEING (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 february 21, 1995. The organization mission is to preserve assisted housing for low-income families, develop a strong community, and promote self-sufficiency for all residents.

What it reported doing in 2024

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.the following tax exemptions continued to be received: internal revenue service 501(c)(3) income tax exemption.val verde county, Texas, appraisal district 100% property tax exemption.state of Texas franchise tax exemption.state of Texas sales tax exemption.

Operating model

Revenue model: Mixed. Its operating money came from several sources; no one source provided a clear majority.
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: 9
Growth: 40

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 100%; rating input score 100
Program expense ratio: 99.3%; rating input score 99
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: -9,448.5%; rating input score 2; 2nd percentile among comparable filings
Total-asset coverage ratio: 0.21; rating input score 11; 11th percentile among comparable filings
Liabilities to assets ratio: 0.02; rating input score 25; 25th percentile among comparable filings
Officer compensation ratio: 7.1%; rating input score 17; 17th percentile among comparable filings

Growth

Program expense growth: 4.2% per year; rating input score 100; 64th percentile among comparable filings
Revenue growth: -3.8% per year; rating input score 0; 47th percentile among comparable filings
Asset growth: -2.2% per year; rating input score 0; 30th percentile among comparable filings

Details

Where the money goes: 100% of revenue deployed · 99.3% of spending went to programs
Governance: 5 of 5 board members independent · 8 of 9 filing controls reported
Programs: 1 filed program accomplishment · $500K in reported program spending
Leadership: top reported pay $352K · 8 people listed · 0 of 6 pay-setting controls reported
Consistency: 16 of 16 current checks pass
Schedules: 6 filed schedules · includes grants and executive pay
Filing history: 14 filing years from 2010 to 2024
Contacts: How to reach this organization
Money network: 3 filed money-flow records
Related organizations: 70 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 11/100.
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 17/100.
High — Sustainability: Liabilities to assets ratio scored 25/100.