TG 104 INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

JACLYN S WOODRING

Phone

2108214300

Tax Period

2023-01-01 to 2023-12-31

TG 104 INC, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $712K in total revenue in fiscal year 2023. Expenses of $806K exceeded revenue, resulting in a 13% operating deficit.

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 IN NEED, DEVELOP A STRONG COMMUNITY, AND PROMOTE INDEPENDENCE AND SELF- SUFFICIENCY.THE PRIMARY ACTIVITY OF THE ORGANIZATION IS THE OWNERSHIP AND OPERATION OF THE BAVARIAN MANOR APARTMENTS, WHICH IS A 53-UNIT APARTMENT COMPLEX LOCATED AT 614 BAVARIAN DRIVE, NEW BRAUNFELS, TEXAS 78130 FOR THE BENEFIT OF LOW- INCOME FAMILIES AND INDIVIDUALS. THE ORGANIZATION MAINTAINS A U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) PROPERTY BASED SECTION 8 HOUSING ASSISTANCE PAYMENT (HAP) RENTAL ASSISTANCE CONTRACT FOR ALL 53 UNITS. THE HAP RENT ASSISTED UNITS ARE MADE AVAILABLE TO FAMILIES AND INDIVIDUALS WITH INCOMES OF LESS THAN 30% OF THE AREA MEDIAN INCOME.

Program Service Accomplishments

Program 1

Expenses: $794,202 Revenue: $705,618

DURING THE REPORTING PERIOD, THE ORGANIZATION SUSTAINED THE HUD PROPERTY BASED SECTION 8 HAP CONTRACT AND CONTINUED TO MAKE ALL 53 UNITS AVAILABLE FOR LOW-INCOME FAMILIES AND INDIVIDUALS. THE...

DURING THE REPORTING PERIOD, THE ORGANIZATION SUSTAINED THE HUD PROPERTY BASED SECTION 8 HAP CONTRACT AND CONTINUED TO MAKE ALL 53 UNITS AVAILABLE FOR LOW-INCOME FAMILIES AND INDIVIDUALS. THE ORGANIZATION MAINTAINED PROPERTY OPERATIONS IN COMPLIANCE WITH THE REGULATIONS OF HUD AND THE TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS (TDHCA) FROM WHICH THE ORGANIZATION RECEIVED FUNDING FOR PROPERTY REHABILITATION.THE FOLLOWING TAX EXEMPTIONS CONTINUED TO BE RECEIVED:INTERNAL REVENUE SERVICE 501 (C) (3) INCOME TAX EXEMPTION. COMAL COUNTY, TEXAS, APPRAISAL DISTRICT 100% PROPERTY TAX EXEMPTION. STATE OF TEXAS FRANCHISE TAX EXEMPTION. STATE OF TEXAS SALES TAX EXEMPTION.THE ORGANIZATION CONTINUED TO OPERATE AN ON-SITE COMMUNITY LEARNING CENTER AT WHICH THE ORGANIZATION PROVIDED PROGRAMS, ACTIVITIES, AND SERVICES FOR THE YOUTH AND ADULT RESIDENTS. PROGRAMS, ACTIVITIES, AND SERVICES INCLUDED:CASE MANAGEMENT (INFORMAL) AND REFERRAL SERVICESAFTER-SCHOOL YOUTH PROGRAMON-LINE COMPUTER ACCESS AND TRAININGADULT LEARNING OPPORTUNITIES, INCLUDING PARENTING CLASSESFOOD BANK SERVICESSUMMER YOUTH ACTIVITIES PROGRAMNATIONAL NIGHT OUTHOLIDAY CELEBRATIONS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,400

Program Service Revenue $668,586

Investment Income $4,385

Other Revenue $37,032

TOTAL REVENUE $712,403

Expense Breakdown

Grants Paid $0

Salaries & Benefits $151,400

Fundraising Expenses $0

Program Expenses $794,202

Other Expenses $654,537

TOTAL EXPENSES $805,937

Year-over-Year Comparison

	2023	2022	Change
Revenue	$712,403	$702,967	+0.0%
Expenses	$805,937	$832,310	0.0%
Net Income	$-93,534	$-129,343	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$522,795

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CURTIS LINDESAY	SECRETARY	0.10	Officer Director	$0	$0	$0
DEVINNE PACE	DIRECTOR	0.10	Director	$0	$0	$0
RICHARD GUERRERO	VICE CHAIR	0.10	Officer Director	$0	$0	$0
SUSAN HARMER	CHAIR	0.10	Officer Director	$0	$0	$0
TRUDE CARRILLO	TREASURER/ASST SECRETARY	0.10	Officer Director	$0	$0	$0
JACLYN S WOODRING	EXECUTIVE DIRECTOR	0.10	Officer	$0	$20,876	$317,976
JAMES BUTCHER	MANAGEMENT AGENT CFO	0.10	Officer	$0	$6,729	$204,819

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$712,403	$805,937	$2,295,052	$-93,534
2022	$702,967	$832,310	$2,416,749	$-129,343
2021	$344,325	$363,564	$2,588,956	$-19,239
2021	$697,121	$819,448	$2,648,308	$-122,327
2020	$655,094	$695,333	$2,770,680	$-40,239
2019	$629,562	$674,456	$2,824,716	$-44,894
2018	$590,336	$526,767	$2,904,200	$63,569