Tg 303 Inc

Nonprofit profile at a glance

EIN
742948330
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2023
Location
San Antonio, TX, USA
Phone
2108214300
Rating confidence
Limited
Sector
Low-Income & Subsidized Rental Housing

Reported finances

Revenue
$0
Expenses
$5,640
Assets
$29,450
Liabilities
$4,600

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 march 6, 2000. The mission of the organization is to preserve affordable housing for families, to promote a strong resident community, and to assist residents to achieve social and economic stability.

What it reported doing in 2024

To further its mission to promote strong affordable housing resident communities and to assist affordable housing residents to achieve social and economic stability, the organization makes contributions to housing and community services, inc. Dba prospera housing community services (phcs). Phcs is a 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. Nueces county, Texas, appraisal district 100% property tax exemption.state of Texas franchise tax exemption.state of Texas sales tax exemption.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 60
  • Accountability: 95
  • Sustainability: 17
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 0%; rating input score 0
  • 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: Limited
  • 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: Limited
  • Total-asset coverage ratio: 5.22; rating input score 50; 50th percentile among comparable filings
  • Liabilities to assets ratio: 0.16; rating input score 16; 16th percentile among comparable filings
  • Officer compensation ratio: 634.7%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: -13.7% per year; rating input score 0; 24th percentile among comparable filings
  • Revenue growth: -15.1% per year; rating input score 0; 24th percentile among comparable filings
  • Asset growth: -11.3% per year; rating input score 0; 12th percentile among comparable filings

Details

  • Where the money goes: 0% of spending went to programs
  • Governance: 4 of 4 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $352K · 6 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 14 of 14 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 68 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 — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 50/100.
  • High — Sustainability: Officer compensation ratio scored 1/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 16/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.