Nonprofit · EIN 72-1530634
TG 306 INC
Also known as POESTA CREEK APARTMENTS
Tax-exempt · SAN ANTONIO, TX 78217
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $638,610 | $648,395 | -$9,785 | $3,296,426 | $3,341,435 | -$45,009 |
| December 31, 2023 | 990 | $609,375 | $674,769 | -$65,394 | $3,347,440 | $3,382,664 | -$35,224 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $627,212
- Investment income
- $3,977
- Other revenue
- $7,421
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $8,470
- Other salaries and wages
- $71,245
- Salaries, compensation and benefits (total)
- $97,210
- Professional fundraising fees
- $0
- Legal fees
- $16
- Accounting fees
- $16,037
- Occupancy
- $261,940
- Depreciation
- $130,040
- Program services (functional)
- $607,243
- Management and general (functional)
- $41,152
Balance sheet and other
- Total assets, start of year
- $3,347,440
- Total assets, end of year
- $3,296,426
- Total liabilities, end of year
- $3,341,435
- Net assets, end of year
- -$45,009
- Land, buildings and equipment
- $2,824,630
- Net assets without donor restrictions
- -$45,009
- Gross receipts
- $638,610
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2002
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JACLYN S WOODRING | EXECUTIVE DIRECTOR Officer | 0.1 | $7,752 | $314,748 | $29,794 |
| JAMES BUTCHER | MANAGEMENT AGENT CFO Officer | 0.1 | $0 | $198,077 | $6,001 |
| ANGELITA WOLF | SECRETARY Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| CINDY BOSTON | CHAIR Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| DEBRA SMITH | TREASURER Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| LAMONT TAYLOR | VICE CHAIR Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JACLYN S WOODRING | EXECUTIVE DIRECTOR Officer | 0.1 | $6,000 | $291,100 | $20,876 |
| JAMES BUTCHER | MANAGEMENT AGENT CFO Officer | 0.1 | $0 | $198,090 | $6,729 |
| ANGELITA WOLF | SECRETARY Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| CINDY BOSTON | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| DEBRA SMITH | ASST SEC/TREASURER Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| EVERETT ROY | CHAIR (OUTGOING) Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| LAMONT TAYLOR | VICE CHAIR Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3419 NACOGDOCHES ROAD, SAN ANTONIO, TX 78217-3377
- In care of
- % WEDGE MGMT INC
- Principal officer (990 for 2024)
- JACLYN S WOODRING, 3419 NACOGDOCHES ROAD, SAN ANTONIO, TX 782173377
- Signed the 990
- JAMES BUTCHER, MANAGEMENT AGENT CFO
- Phone
- (210) 821-4300
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
THE ORGANIZATION WAS INCORPORATED AS A NONPROFIT CORPORATION IN THE STATE OF TEXAS ON JULY 23, 2002. THE MISSION OF THE ORGANIZATION IS TO PRESERVE AFFORDABLE HOUSING FOR FAMILIES, TO PROMOTE A STRONG COMMUNITY, AND TO ASSIST RESIDENTS TO ACHIEVE ECONOMIC INDEPENDENCE.THE PRIMARY ACTIVITY OF THE ORGANIZATION IS THE OWNERSHIP AND OPERATION OF THE POESTA CREEK APARTMENTS, A 5O-UNIT APARTMENT COMPLEX LOCATED AT 1301 SOUTH TYLER STREET, BEEVILLE, TEXAS 78102 FOR THE BENEFIT OF VERY-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 50 UNITS. THE HAP RENT ASSISTED UNITS ARE MADE AVAILABLE TO FAMILIES AND INDIVIDUALS WITH INCOMES OF LESS THAN 30% OF AREA MEDIAN INCOME.
Program accomplishments
- DURING THE REPORTING PERIOD, THE ORGANIZATION SUSTAINED THE HUD PROPERTY BASED SECTION 8 HAP CONTRACT AND CONTINUED TO MAKE ALL 50 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 50L(C)(3) INCOME TAX EXEMPTION.BEE 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 COMPUTER LEARNING CENTER ADMINISTERED BY THE PROPERTY MANAGER THAT WAS AVAILABLE TO RESIDENTS ON A DAILY BASIS. THE ORGANIZATION CONTINUED TO PROVIDE RESIDENT ACTIVITIES INCLUDING:NATIONAL AFFORDABLE HOUSING MANAGEMENT ASSOCIATION (NAHMA) DRUG FREE POSTER ART CONTESTNATIONAL NIGHT OUT AND HOLIDAY CELEBRATIONS.AFTER SCHOOL PROGRAM 1-2 DAYS PER WEEK OPERATED BY RESIDENT VOLUNTEERS.REHABILITATION PROJECT:THE ORGANIZATION COMPLETED A PROJECT IN FISCAL YEAR 2020 TO REHABILITATE THE 50 UNITS OF THE APARTMENT COMPLEX AND CERTAIN OF ITS LAND IMPROVEMENTS. IN FISCAL YEAR 2020, THE ORGANIZATION PLACED INTO SERVICE $2,701,882 OF FIXED ASSETS FROM THE PROJECT. REHABILITATION COSTS WERE FUNDED FROM OWNER NON-OPERATING CASH, LOANS, RELATED PARTY ADVANCES, GRANTS, INSURANCE, AND CONTRIBUTIONS OF PROFESSIONAL SERVICES.THE ORGANIZATION PROVIDED NON-OPERATING FUNDS OF $167,000 AS PART OF ITS COMMITMENT. THE TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS (TDHCA) AWARDED THE ORGANIZATION A $2,000,000 HOME PROGRAM MULTIFAMILY DIRECT LOAN. HOUSING AND COMMUNITY SERVICES, INC. PROVIDED A LOAN OF $371,012 AS WELL AS ADVANCING ADDITIONAL FUNDS OF $628,618 AS DIRECT PAYMENTS TO VENDORS ON BEHALF OF THE ORGANIZATION. THE TDHCA AWARDED A $50,000 OPERATING EXPENSES GRANT FOR COMMUNITY HOUSING DEVELOPMENT ORGANIZATION (CHDO) HOME CONTRACT. THE CITY OF BEEVILLE, TEXAS THROUGH THE BEEVILLE ECONOMIC IMPROVEMENT BOARD AWARDED A $50,000 GRANT TO SUPPLEMENT REHABILITATION COSTS AND TO MEET LOCAL PARTICIPATION REQUIREMENTS. TG 110, INC., AN INCOME TAX EXEMPT 501(C)(3) ENTITY, PROVIDED A $150,000 GRANT TO FUND REPLACEMENT OF THE ROOFS. INSURANCE CLAIM PROCEEDS OF $19,072 RESULTING FROM HURRICANE DAMAGE WAS ALSO RECEIVED. PROFESSIONAL SERVICES PROVIDERS CONTRIBUTED PERFORMED SERVICES OF $122,630.Expenses $607,243 · revenue $634,633
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 72-1530634
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L21)
- Assets (IRS master file)
- $3,296,426
- Income (IRS master file)
- $638,610
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $638,610 | $648,395 | $3,296,426 | IRS |
| 990 | December 2023 | $609,375 | $674,769 | $3,347,440 | XML |
| 990 | December 2022 | $556,284 | $714,223 | $3,418,868 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 72-1530634).
Questions about TG 306 INC
- What is the EIN of TG 306 INC?
- The employer identification number (EIN) of TG 306 INC is 72-1530634.
- Is TG 306 INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to TG 306 INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TG 306 INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TG 306 INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TG 306 INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of TG 306 INC?
- The 990 for the year ended December 31, 2024 names JACLYN S WOODRING.
- Who are the officers and directors of TG 306 INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $7,752 (JACLYN S WOODRING, EXECUTIVE DIRECTOR).
- How much revenue does TG 306 INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $638,610, expenses of $648,395 and total assets of $3,296,426 at year end.
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