Tg 304 INC

Tax-deductible

San Antonio, TX501(c)(3)HousingEIN 74-3019775

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

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Run by 6 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
4 of 5
filings with a surplus
Average surplus $14K a year · 3% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$644K
69% of total assets
Worth a look: liabilities are 69% of assets; over 65%.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$452K
+5% vs prior year
Spent
$446K
To programs
84%
Net assets
$285K
By yearFY2020–FY2024
Revenue
$452K
FY2024▲ +5%
Revenue by fiscal year
FY2020$379K
FY2021$401K
FY2021$205K
FY2022$413K
FY2023$430K
FY2024$452K
Expenses
$446K
FY2024▲ +18%
Expenses by fiscal year
FY2020$363K
FY2021$412K
FY2021$224K
FY2022$405K
FY2023$378K
FY2024$446K
Net assets
$285K
FY2024▲ +2%
Net assets by fiscal year
FY2020$248K
FY2021$238K
FY2021$219K
FY2022$226K
FY2023$279K
FY2024$285K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

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

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $374K Management & general 16% · $72K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Chair (outgoing)
$0Pt VII · Sec A
Secretary (outgoing)
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Management Agent CFO
$0Pt VII · Sec A
See Tg 304 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 to low-income residents.

Provided by the organization

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1 program · $374K · 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 all 40 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…

$374Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$452K
Ln 12
Fees for servicesLn 2g$447K
Other incomeLn 4–11$3K
Investment incomeLn 3$1K
Money outPt IX
$446K
Ln 25
Programscol B$374K
Managementcol C$72K
Owns and owesPt X
$285K
net assets · Ln 32
Cash and savingsLn 1–2$103K
Total assetsLn 16$929K
LiabilitiesLn 26$644K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$447K
Investment incomeLn 3$1K
Other incomeLn 4–11$3K
Total revenueLn 12$452K
Assets in detailPt X, end of year
CashLn 1$84K
SavingsLn 2$19K
Cash and savings togetherLn 1–2$103K
Land, buildings, equipmentLn 10c$570K
Other assetsLn 15$234K
Total assetsLn 16$929K
LiabilitiesLn 26$644K
Net assetsLn 32$285K
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
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$156K$103K
Land, buildings, equipmentLn 10c$551K$570K
Total assetsLn 16$919K$929K
LiabilitiesLn 26$641K$644K
Net assetsLn 32$279K$285K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$61K$56K$5K
Other employee benefitsLn 9$11K$11K
Payroll taxesLn 10$4K$4K
Management feesLn 11a$31K$31K
Accounting feesLn 11c$14K$11K$3K
Other fees for servicesLn 11g$20K$10K$10K
Advertising and promotionLn 12$837$837
Office expensesLn 13$14K$14K
OccupancyLn 16$151K$151K
Conferences, conventions and meetingsLn 19$1K$1K
Depreciation, depletion and amortizationLn 22$31K$31K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$102K$99K$2K
All other expensesLn 24e$389$389
Total functional expensesLn 25$446K$374K$72K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $452K$446K$6K$285K 990 PDF
FY2023 $430K$378K$52K$279K 990 PDF
FY2022 $413K$405K$8K$226K 990 PDF
FY2021 $401K$412K−$11K$238K 990 PDF
FY2020 $379K$363K$16K$248K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $451,897 across 4 lines filed
Lines not itemized here account for $227 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $447,387$447,387
VIII-3 Investment incomeExcluded from tax $1,308$1,308
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,975$2,975
VIII-12 Total revenueRelated to mission $450,589 · Unrelated business $0 · Excluded from tax $1,308$451,897
Part IX · Statement of functional expenses $445,645 across 14 lines filed
IX-7 Other salaries and wagesPrograms $55,895 · Management $4,702$60,597
IX-9 Other employee benefitsPrograms $11,371$11,371
IX-10 Payroll taxesPrograms $4,425$4,425
IX-11a Management feesManagement $31,235$31,235
IX-11c Accounting feesPrograms $11,378 · Management $3,110$14,488
IX-11g Other fees for servicesPrograms $10,000 · Management $10,008$20,008
IX-12 Advertising and promotionManagement $837$837
IX-13 Office expensesManagement $14,326$14,326
IX-16 OccupancyPrograms $150,581$150,581
IX-19 Conferences, conventions and meetingsManagement $1,458$1,458
IX-22 Depreciation, depletion and amortizationPrograms $30,572$30,572
IX-23 InsuranceManagement $3,683$3,683
IX-24 Other expenses (24a–d)Programs $99,231 · Management $2,444$101,675
IX-24e All other expensesPrograms $389$389
IX-25 Total functional expensesPrograms $373,842 · Management $71,803 · Fundraising $0$445,645
Part X · Balance sheet $928,542 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $142,041$84,088
X-2 Savings and temporary cash investmentsStart of year $13,903$18,743
X-4 Accounts receivableStart of year $3,633$4,482
X-9 Prepaid expenses and deferred chargesStart of year $15,276$16,548
X-10c Land, buildings and equipment, netStart of year $551,295$570,366
X-15 Other assetsStart of year $193,252$234,315
X-16 Total assetsStart of year $919,400$928,542
X-17 Accounts payable and accrued expensesStart of year $26,534$26,446
X-19 Deferred revenueStart of year $3,532$2,922
X-25 Other liabilitiesStart of year $397,887$414,562
X-26 Total liabilitiesStart of year $640,614$643,504
X-27 Net assets without donor restrictionsStart of year $278,786$285,038
X-32 Total net assets or fund balancesStart of year $278,786$285,038
X-33 Total liabilities and net assetsStart of year $919,400$928,542
Part XI · Reconciliation of net assets $285,038 net assets at year end
XI-1 Total revenue$451,897
XI-2 Total expenses$445,645
XI-3 Revenue less expenses$6,252
XI-4 Net assets at start of year$278,786
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$285,038

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

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