SAN ANTONIO, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)TG 109 INC, founded in 1995, is a micro nonprofit in the Housing & Shelter sector that reported $44K in total revenue in fiscal year 2023. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $815K exceeded revenue, resulting in a 1732% operating deficit.
THE ORGANIZATION WAS INCORPORATED AS A NONPROFIT CORPORATION IN THE STATE OF TEXAS ON FEBRUARY 21, 1995. THE ORGANIZATION MISSION IS TO PRESERVE ASSISTED HOUSING FOR LOW-INCOME FAMILIES, DEVELOP A STRONG COMMUNITY, AND PROMOTE SELF SUFFICIENCY FOR ALL RESIDENTS.THE PRIMARY ACTIVITY OF THE ORGANIZATION IS WAS THE OWNERSHIP AND OPERATION OF THE RIO MANOR APARTMENTS, A 48-UNIT APARTMENT COMPLEX LOCATED AT 600 CANTU ROAD, DEL RIO, TX 78840 FOR THE BENEFIT OF LOW-INCOME FAMILIES AND INDIVIDUALS MAKING 60% OR LESS OF AREA MEDIAN INCOME (AMI). THE ORGANIZATION MAINTAINS MAINTAINED A U. S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) PROPERTY BASED SECTION 8 HOUSING ASSISTANCE PAYMENT (HAP) RENTAL ASSISTANCE CONTRACT FOR 27 UNITS. THE HAP RENT ASSISTED UNITS WERE MADE AVAILABLE TO FAMILIES AND INDIVIDUALS WITH INCOMES OF LESS THAN 30% OF AMI.
DURING THE REPORTING PERIOD, THE ORGANIZATION SUSTAINED THE HUD PROPERTY BASED SECTION 8 HAP CONTRACT AND CONTINUED TO MAKE 27 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 27 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.VAL VERDE COUNTY, TEXAS, APPRAISAL DISTRICT 100% PROPERTY TAX EXEMPTION.STATE OF TEXAS FRANCHISE TAX EXEMPTION.STATE OF TEXAS SALES TAX EXEMPTION.THE ORGANIZATION CONTINUED TO PROVIDE RESIDENT ACTIVITIES INCLUDING:NATIONAL AFFORDABLE HOUSING MANAGEMENT ASSOCIATION (NAHMA) DRUG FREE POSTER ART CONTESTNATIONAL NIGHT OUT AND HOLIDAY CELEBRATIONS.THE APARTMENTS WERE SOLD TO PHCS RIO MANOR, LP ON DECEMBER 12, 2023, TO BE PRESERVED AS AFFORDABLE HOUSING IN A REHABILITATION AND RECONSTRUCTION PROJECT UNDER A LOW-INCOME HOUSING TAX CREDIT PROGRAM.AS DESCRIBED IN SCHEDULE I, THE ORGANIZATION TO FURTHER ITS MISSION CONTRIBUTED A $450,000 PROMISSORY NOTE RECEIVABLE BY ASSIGNMENT TO HOUSING AND COMMUNITY SERVICES, INC. DBA PROSPERA HOUSING COMMUNITY SERVICES (PHCS). PHCS IS A 501(C)(3) INCOME TAX-EXEMPT, NON-PROFIT TEXAS CORPORATION PROVIDER OF SAFE, HIGH-QUALITY, AFFORDABLE HOUSING WITH SUPPORT SERVICES TO LOW-INCOME RESIDENTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $44,468 | $443,133 | -0.9% |
| Expenses | $814,517 | $437,663 | +0.9% |
| Net Income | $-770,049 | $5,470 | -141.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CAROLE BUFFLER | DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| DARRELL DEMING | DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| NANCY HARD | VICE CHAIR | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| RAFAEL TORRES | CHAIR | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| VIRGINIA DELERME | SECRETARY | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| WILLIAM NASH | TREASURER | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| JACLYN SWOODEING | EXECUTIVE DIRECTOR | 0.10 |
Officer
|
$0 | $20,876 | $317,976 |
| JAMES BUTCHER | MANAGEMENT AGENT CFO | 0.10 |
Officer
|
$0 | $6,729 | $204,819 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $44,468 | $814,517 | $618,764 | $-770,049 |
| 2022 | $443,133 | $437,663 | $1,426,411 | $5,470 |
| 2021 | $237,955 | $204,588 | $1,426,303 | $33,367 |
| 2021 | $548,514 | $439,884 | $1,384,001 | $108,630 |
| 2020 | $429,565 | $413,699 | $1,279,548 | $15,866 |
| 2019 | $417,512 | $431,149 | $1,274,648 | $-13,637 |
| 2018 | $419,850 | $360,249 | $1,267,937 | $59,601 |
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