As a charity, provides low-income housing and resident social and educational services.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Run by 5 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $129K a year · 15% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.1M
35% of total assets
Looks good: liabilities are 35% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$939K
+4% vs prior year
Spent
$1.1M
To programs
81%
Net assets
$2.0M
By yearFY2020–FY2024
Revenue
$939K
FY2024▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$834K
FY2021$846K
FY2021$424K
FY2022$876K
FY2023$905K
FY2024$939K
Expenses
$1.1M
FY2024▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$915K
FY2021$1.0M
FY2021$494K
FY2022$1.0M
FY2023$998K
FY2024$1.1M
Net assets
$2.0M
FY2024▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.6M
FY2021$2.4M
FY2021$2.4M
FY2022$2.2M
FY2023$2.1M
FY2024$2.0M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $870K Management & general 19% · $199K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair (outgoing)
$0Pt VII · Sec A
Asst Secretary/Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Management Agent CFO
$0Pt VII · Sec A
See T G 108 INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides affordable housing and support services for low-income residents.

Questions for T G 108 INC

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Provided by the organization

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1 program · $870K · in their own filed words · FY2024
01

During the reporting period, the organization sustained the hud property based section 8 hap contract and continued to make 20 units available for low-income families and individuals. The organization maintained property operations in compliance with the regulations of HUD.THE following tax exemptions continued to be received: internal…

$870Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$939K
Ln 12
Fees for servicesLn 2g$906K
Other incomeLn 4–11$30K
Investment incomeLn 3$3K
Money outPt IX
$1.1M
Ln 25
Programscol B$870K
Managementcol C$199K
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$54K
Total assetsLn 16$3.0M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$906K
Investment incomeLn 3$3K
Other incomeLn 4–11$30K
Total revenueLn 12$939K
Assets in detailPt X, end of year
CashLn 1$24K
SavingsLn 2$30K
Cash and savings togetherLn 1–2$54K
Land, buildings, equipmentLn 10c$2.2M
Other assetsLn 15$709K
Total assetsLn 16$3.0M
LiabilitiesLn 26$1.1M
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$69K$54K
Land, buildings, equipmentLn 10c$2.4M$2.2M
Total assetsLn 16$3.2M$3.0M
LiabilitiesLn 26$1.1M$1.1M
Net assetsLn 32$2.1M$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$156K$113K$43K
Other employee benefitsLn 9$36K$36K
Payroll taxesLn 10$11K$11K
Management feesLn 11a$85K$85K
Accounting feesLn 11c$20K$13K$8K
Other fees for servicesLn 11g$79K$55K$24K
Advertising and promotionLn 12$687$687
Office expensesLn 13$22K$22K
OccupancyLn 16$345K$345K
Conferences, conventions and meetingsLn 19$6K$6K
Depreciation, depletion and amortizationLn 22$182K$182K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$112K$112K
All other expensesLn 24e$10K$3K$7K
Total functional expensesLn 25$1.1M$870K$199K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $939K$1.1M−$129K$2.0M 990 PDF
FY2023 $905K$998K−$93K$2.1M 990 PDF
FY2022 $876K$1.0M−$152K$2.2M 990 PDF
FY2021 $846K$1.0M−$188K$2.4M 990 PDF
FY2020 $834K$915K−$82K$2.6M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $939,397 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $873,054$906,021
I-10 Investment incomePrior year $2,154$3,454
I-11 Other revenuePrior year $29,685$29,922
I-12 Total revenuePrior year $904,893$939,397
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $244,156$203,949
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $753,743$864,291
I-18 Total expensesPrior year $997,899$1,068,240
I-19 Revenue less expensesPrior year −$93,006−$128,843
Part VI · Governance 4 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $939,397 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $906,021$906,021
VIII-3 Investment incomeExcluded from tax $3,454$3,454
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $29,922$29,922
VIII-12 Total revenueRelated to mission $935,943 · Unrelated business $0 · Excluded from tax $3,454$939,397
Part IX · Statement of functional expenses $1,068,240 across 14 lines filed
IX-7 Other salaries and wagesPrograms $113,297 · Management $43,084$156,381
IX-9 Other employee benefitsPrograms $36,126$36,126
IX-10 Payroll taxesPrograms $11,442$11,442
IX-11a Management feesManagement $84,730$84,730
IX-11c Accounting feesPrograms $12,578 · Management $7,775$20,353
IX-11g Other fees for servicesPrograms $54,912 · Management $23,995$78,907
IX-12 Advertising and promotionManagement $687$687
IX-13 Office expensesManagement $21,541$21,541
IX-16 OccupancyPrograms $345,276$345,276
IX-19 Conferences, conventions and meetingsManagement $6,058$6,058
IX-22 Depreciation, depletion and amortizationPrograms $181,552$181,552
IX-23 InsuranceManagement $3,438$3,438
IX-24 Other expenses (24a–d)Programs $111,659$111,659
IX-24e All other expensesPrograms $2,831 · Management $7,259$10,090
IX-25 Total functional expensesPrograms $869,673 · Management $198,567 · Fundraising $0$1,068,240
Part X · Balance sheet $3,048,345 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $42,389$24,385
X-2 Savings and temporary cash investmentsStart of year $27,100$29,650
X-4 Accounts receivableStart of year $576$489
X-9 Prepaid expenses and deferred chargesStart of year $47,195$51,949
X-10c Land, buildings and equipment, netStart of year $2,414,821$2,233,269
X-15 Other assetsStart of year $717,250$708,603
X-16 Total assetsStart of year $3,249,331$3,048,345
X-17 Accounts payable and accrued expensesStart of year $44,395$50,110
X-19 Deferred revenueStart of year $5,097$4,861
X-26 Total liabilitiesStart of year $1,129,323$1,057,180
X-27 Net assets without donor restrictionsStart of year $2,120,008$1,991,165
X-32 Total net assets or fund balancesStart of year $2,120,008$1,991,165
X-33 Total liabilities and net assetsStart of year $3,249,331$3,048,345
Part XI · Reconciliation of net assets $1,991,165 net assets at year end
XI-1 Total revenue$939,397
XI-2 Total expenses$1,068,240
XI-3 Revenue less expenses−$128,843
XI-4 Net assets at start of year$2,120,008
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,991,165

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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