TG 107 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

2024-01-01 to 2024-12-31

TG 107 INC, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $820K in total revenue in fiscal year 2024. Expenses of $919K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE ORGANIZATION WAS INCORPORATED AS A NONPROFIT CORPORATION IN THE STATE OF TEXAS ON SEPTEMBER 6, 1994. THE MISSION OF THE ORGANIZATION IS TO PRESERVE ASSISTED HOUSING FOR LOW- INCOME FAMILIES AND TO PROMOTE A STRONG COMMUNITY AND SELF-SUFFICIENCY FOR ALL RESIDENTS.THE PRIMARY ACTIVITY OF THE ORGANIZATION IS THE OWNERSHIP AND OPERATION OF THE SEGUIN MANOR APARTMENTS, WHICH IS AN 80-UNIT APARTMENT COMPLEX LOCATED AT 800 NORTH BYPASS 123, SEGUIN, TEXAS 78155 FOR THE BENEFIT OF LOW-INCOME RESIDENTS MAKING LESS THAN 80% OF AREA MEDIAN INCOME (AMI). 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 52 UNITS. THE HAP RENT ASSISTED UNITS ARE MADE AVAILABLE TO FAMILIES AND INDIVIDUALS WITH INCOMES OF LESS THAN 30% OF AMI.

Program Service Accomplishments

Program 1

Expenses: $762,313 Revenue: $815,190

DURING THE REPORTING PERIOD, THE ORGANIZATION SUSTAINED THE HUD PROPERTY BASED SECTION 8 HAP CONTRACT AND CONTINUED TO MAKE 52 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 52 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 FROM WHICH THE CORPORATION RECEIVED FUNDING FOR PROPERTY REHABILITATION. THE FOLLOWING TAX EXEMPTIONS CONTINUED TO BE RECEIVED:INTERNAL REVENUE SERVICE 501(C)(3) INCOME TAX EXEMPTION.GUADALUPE 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 HUD CERTIFIED NEIGHBORHOOD NETWORKS CENTER AT WHICH THE ORGANIZATION PROVIDED PROGRAMS, ACTIVITIES, AND SERVICES FOR THE YOUTH AND ADULT RESIDENTS AND SURROUNDING COMMUNITY. PROGRAMS, ACTIVITIES, AND SERVICES INCLUDED:CASE MANAGEMENT (INFORMAL) AND REFERRAL SERVICESAFTER-SCHOOL YOUTH PROGRAMON- LINE COMPUTER ACCESS AND TRAININGADULT LEARNING OPPORTUNITIESFOOD BANK SERVICESSUMMER YOUTH ACTIVITIES PROGRAMNATIONAL NIGHT OUTHOLIDAY CELEBRATIONSADULT HEALTH FAIR

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $736,153

Investment Income $4,512

Other Revenue $79,037

TOTAL REVENUE $819,702

Expense Breakdown

Grants Paid $0

Salaries & Benefits $133,585

Fundraising Expenses $0

Program Expenses $762,313

Other Expenses $785,480

TOTAL EXPENSES $919,065

Year-over-Year Comparison

	2024	2023	Change
Revenue	$819,702	$791,453	+0.0%
Expenses	$919,065	$784,412	+0.2%
Net Income	$-99,363	$7,041	-15.1%

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

$556,372

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
MYRNA AVALOS	VICE CHAIR	0.10	Officer Director	$0	$0	$0
RICHARD GUERRERO	TREASURER	0.10	Officer Director	$0	$0	$0
SHELDON JEFFERSON	ASSISSTANT SECRETARY (OUTGOING)	0.10	Officer Director	$0	$0	$0
SUSAN HARMER	CHAIR	0.10	Officer Director	$0	$0	$0
JACLYN S WOODRING	EXECUTIVE DIRECTOR	0.10	Officer	$0	$29,794	$352,294
JAMES BUTCHER	MGT AGENT CFO	0.10	Officer	$0	$6,001	$204,078

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	$819,702	$919,065	$1,801,503	$-99,363
2023	$791,453	$784,412	$1,875,668	$7,041
2022	$758,404	$890,682	$1,906,108	$-132,278
2021	$361,836	$426,502	$2,022,827	$-64,666
2021	$694,721	$784,068	$2,057,215	$-89,347
2020	$681,289	$780,813	$2,138,672	$-99,524
2019	$664,284	$725,544	$2,250,711	$-61,260
2018	$678,527	$645,724	$2,339,636	$32,803