TG 108 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 108 INC, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $939K in total revenue in fiscal year 2024. Expenses of $1.1M exceeded revenue, resulting in a 14% operating deficit.

Mission

THE ORGANIZATION WAS INCORPORATED AS A NONPROFIT CORPORATION IN THE STATE OF TEXAS ON DECEMBER 20, 1994. THE MISSION OF THE ORGANIZATION IS TO PRESERVE ASSISTED HOUSING FOR VERY LOW, LOW AND MODERATE INCOME FAMILIES, DEVELOP A STRONG RESIDENT COMMUNITY AND PROMOTE SELF-SUFFICIENCY.THE PRIMARY ACTIVITY OF THE ORGANIZATION IS THE OWNERSHIP AND OPERATION OF THE LAREDO MANOR APARTMENTS, WHICH IS A 100-UNIT APARTMENT COMPLEX LOCATED AT 300 MANN ROAD, LAREDO, TX 78041 FOR THE BENEFIT OF LOW-INCOME FAMILIES AND INDIVIDUALS 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 20 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: $869,673 Revenue: $935,943

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...

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 REVENUE SERVICE 501(C)(3) INCOME TAX EXEMPTION. WEBB 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 TRAINING ADULT LEARNING OPPORTUNITIESFOOD BANK SERVICESSUMMER YOUTH ACTIVITIES PROGRAMNATIONAL NIGHT OUTHOLIDAY CELEBRATIONSA LUNCH NUTRITION PROGRAM FOR THE ELDERLYMEALS ON WHEELS NUTRITION PROGRAM

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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 $906,021

Investment Income $3,454

Other Revenue $29,922

TOTAL REVENUE $939,397

Expense Breakdown

Grants Paid $0

Salaries & Benefits $203,949

Fundraising Expenses $0

Program Expenses $869,673

Other Expenses $864,291

TOTAL EXPENSES $1,068,240

Year-over-Year Comparison

	2024	2023	Change
Revenue	$939,397	$904,893	+0.0%
Expenses	$1,068,240	$997,899	+0.1%
Net Income	$-128,843	$-93,006	+0.4%

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
ANGELICA GRANADOS	VICE CHAIR	0.10	Officer Director	$0	$0	$0
EMILY CASTANEDA	CHAIR	0.10	Officer Director	$0	$0	$0
MARIA VASQUEZ	VICE CHAIR (OUTGOING)	0.10	Officer Director	$0	$0	$0
RAFAEL TORRES	ASST SECRETARY/TREASURER	0.10	Officer Director	$0	$0	$0
RENE GONZALEZ	SECRETARY	0.10	Officer Director	$0	$0	$0
JACLYN S WOODRING	EXECUTIVE DIRECTOR	0.10	Officer	$0	$29,794	$352,294
JAMES BUTCHER	MANAGEMENT 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	$939,397	$1,068,240	$3,048,345	$-128,843
2023	$904,893	$997,899	$3,249,331	$-93,006
2022	$875,829	$1,027,881	$3,442,862	$-152,052
2021	$424,360	$494,008	$3,637,723	$-69,648
2021	$846,445	$1,034,721	$3,747,091	$-188,276
2020	$833,586	$915,129	$4,025,272	$-81,543
2019	$818,832	$894,580	$4,157,552	$-75,748
2018	$865,148	$931,149	$4,290,368	$-66,001