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Nonprofit · EIN 74-3019775

TG 304 INC

Also known as NOLAN TERRACE APARTMENTS

Tax-exempt · SAN ANTONIO, TX 78217

Financials

$430K$378K2023$452K$446K2024
Revenue Expenses · by fiscal year end
Financials of TG 304 INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$451,897$445,645$6,252$928,542$643,504$285,038
December 31, 2023990$430,250$377,897$52,353$919,400$640,614$278,786
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$447,387
Investment income
$1,308
Other revenue
$3,202

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$60,597
Salaries, compensation and benefits (total)
$76,393
Professional fundraising fees
$0
Accounting fees
$14,488
Occupancy
$150,581
Depreciation
$30,572
Program services (functional)
$373,842
Management and general (functional)
$71,803

Balance sheet and other

Total assets, start of year
$919,400
Total assets, end of year
$928,542
Total liabilities, end of year
$643,504
Net assets, end of year
$285,038
Land, buildings and equipment
$570,366
Net assets without donor restrictions
$285,038
Gross receipts
$451,897
Employees
0
Volunteers
4
Year formed
2001
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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
JACLYN S WOODRINGEXECUTIVE DIRECTOR
Officer
0.1$0$322,500$29,794
JAMES BUTCHERMANAGEMENT AGENT CFO
Officer
0.1$0$198,077$6,001
BEVERLY HAUGCHAIR
Trustee or director, Officer
0.1$0$0$0
EDGAR CHAMBERSCHAIR (OUTGOING)
Trustee or director, Officer
0.1$0$0$0
NORMA JEAN PARRSECRETARY (OUTGOING)
Trustee or director, Officer
0.1$0$0$0
RICHARD PENADIRECTOR
Trustee or director
0.1$0$0$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
JACLYN S WOODRINGEXECUTIVE DIRECTOR
Officer
0.1$0$297,100$20,876
JAMES BUTCHERMANAGEMENT AGENT CFO
Officer
0.1$0$198,090$6,729
AUDREY DAVENPORTTREASURER
Trustee or director, Officer
0.1$0$0$0
BEVERLY HAUGVICE CHAIR
Trustee or director, Officer
0.1$0$0$0
EDGAR CHAMBERSCHAIR
Trustee or director, Officer
0.1$0$0$0
NORMA JEAN PARRSECRETARY
Trustee or director, Officer
0.1$0$0$0
SUE GAIL CROUCHASSISTANT SECRETARY(OUTGOING)
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 OCTOBER 10, 2001. THE MISSION OF THE ORGANIZATION IS TO PRESERVE AFFORDABLE HOUSING FOR FAMILIES, TO PROMOTE A STRONG RESIDENT COMMUNITY, AND TO ASSIST RESIDENTS TO ACHIEVE SOCIAL AND ECONOMIC INDEPENDENCE.THE PRIMARY ACTIVITY OF THE ORGANIZATION IS THE OWNERSHIP AND OPERATION OF THE NOLAN TERRACE APARTMENTS, A 40-UNIT APARTMENT COMPLEX LOCATED AT 221 PEACH STREET, LULING, TEXAS 78648 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 40 UNITS. THE HAP RENT ASSISTED UNITS ARE MADE AVAILABLE TO FAMILIES AND INDIVIDUALS WITH INCOMES OF LESS THAN 30% OF AREA MEDIAN INCOME.

990 for the year ended December 31, 2024

Program accomplishments

  • DURING THE REPORTING PERIOD, THE ORGANIZATION SUSTAINED THE HUD PROPERTY BASED SECTION 8 HAP CONTRACT AND CONTINUED TO MAKE ALL 40 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.CALDWELL 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 TRAININGHEALTH FAIRSFINANCIAL LITERACY CLASSESJOB SKILLS CLASSESNATIONAL NIGHT OUT AND HOLIDAY CELEBRATIONS.
    Expenses $373,842 · revenue $450,589

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
74-3019775
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
2002
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$928,542
Income (IRS master file)
$451,897

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$430,250$377,897$919,400IRS
990December 2022$412,886$404,962$895,645IRS
990December 2021–––IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about TG 304 INC

What is the EIN of TG 304 INC?
The employer identification number (EIN) of TG 304 INC is 74-3019775.
Is TG 304 INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
Are donations to TG 304 INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does TG 304 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 304 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 304 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 304 INC?
The 990 for the year ended December 31, 2024 names JACLYN S WOODRING.
Who are the officers and directors of TG 304 INC?
The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does TG 304 INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $451,897, expenses of $445,645 and total assets of $928,542 at year end.

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