Tg 102 Inc.

“Delegate control of management duties: the organization contracts with wedge management, inc., a related taxable corporation, to serve as its management agent and as management agent for the operational activities of its low income housing property.”

“Document committee meetings and actions: the organization board of directors maintains no committees. However, if committees are appointed, then committee meetings and actions taken would be contemporaneously documented.”

“Form 990 review: the executive director is charged with the timely and accurate preparation and filing of the annual form 990. An independent cpa firm prepares a draft of the form 990. The management agent chief financial officer, vice president of financial compliance, and nonprofit controller review the form 990. The executive director reviews and signs the final form 990 and then has it filed. A copy of the form 990 that was filed is provided to the board of directors at the board meeting subsequent to the filing of the form 990.”

“CONFLICT OF INTEREST policy: AT THE ANNUAL MEETING OF THE BOARD MEMBERS, ALL ARE ASKED TO REVIEW AND SIGN A NEW POLICY STATEMENT AND ADVISE THE BOARD IF ANY CONFLICTS EXIST.”

“Determination of compensation: housing and community services, inc. (hcs), a 501(c)(3) tax exempt organization, maintains control of the organization by its power to appoint the majority of the members of the board. The executive director of hcs also serves as the uncompensated executive director (ed) of the organization. The hcs board of directors establishes a compensation committee annually to review compensation for the ed. None of the ed compensation is paid by the organization. Wedge management, inc. (wmi) is a related taxable corporation that provides property management and accounting services to the organization. The ed of the organization is also the ceo of wmi. Together hcs, wmi, and three other hcs affiliates pay the compensation and benefits (c&b) for the ed. The chief operating officer (coo) for the organization is also the coo for hcs and wmi. Together hcs and wmi pay the compensation and benefits (c&b) for the coo. The ed with oversight from the hcs compensation committee anually reviews the compensation for the coo. None of the coo compensation is paid by the organization. The chief financial officer (cfo) for the organization is also the cfo for hcs and wmi. Together hcs and wmi pay the compensation and benefits (c&b) for the cfo. The ed with oversight from the hcs compensation committee annually reviews the compensation for the cfo. None of the cfo compensation is paid by the organization.”

“Disclosure of organizational documents and policy to public: all documents are available upon request. The annual form 990 is available on the guidestar website.”

“Officers and directors reportable and other compensation from the organization and related organizations: officers and directors compensation and other compensation reported as applicable in columns e to f were the compensation paid to the top officials of the related management agent required to be reported as if the organizaton had directly paid the compensation, although it had not.”

“Organizations mission: the organization was incorporated as a nonprofit corporation in the state of texas on may 10, 1994. The mission of the organization is to provide decent, safe and sanitary housing for low-income households and to create opportunities and incentives for residents to achieve self-sufficiency. The organization is sole member of om/ov gp, llc, general partner of om/ov, lp. The organization provides oversight and guidance for the ownership and operation of om/ov, lp operating as oak manor apartments, which is a 229-unit apartment complex located at 2330 austin highway, san antonio, texas 78218. The organization, through its oversight of om/ov, lp, maintains a u. S. Department of housing and urban development (hud) property based section 8 housing assistance payment (hap) rental assistance contract for 220 units. The hap rent assisted units are made available to families and individuals with incomes of less than 30% of area median income.”

“Exempt purpose achievements: during the reporting period, the organization, through its oversight of om/ov, lp, sustained the hud property based section 8 hap contract and continued to make 220 units available for low-income families and individuals. The organization maintained property operations in compliance with the regulations of hud as well as the texas department of housing and community affairs (tdhca) and the city of san antonio (cosa). The organization through om/ov, lp had previously received funding for property acquisition and rehabilitation from the tdhca as part of a tax credit exchange program and for rehabilitation from cosa as part of a rental rehabilitation program agreement. The following tax exemptions continued to be received: internal revenue service 501(c)(3) income tax exemption. Bexar county, texas, appraisal district 100% property tax exemption. State of texas franchise tax exemption. State of texas sales tax exemption. The organization through its oversight of om/ov, lp, continued to operate an on-site community learning center at which the organization provided programs, activities, and services for the youth and adult residents. Programs, activities, and services included: case management (informal) and referral services after-school youth program on-line computer access and training adult learning opportunities and summer youth activities program national night out and holiday celebrations”

“Number of employees reported on w-3: the organization had no employees during the period and does not expect to pay wages in the future. The organization was not required to file a form w-3, because it leased all operating personnel from employers resource management company, a professional employer organization. The organization reported employee leasing costs in form 990, part ix, lines 7 to 10, as applicable, as if the leased employees were directly paid employees of the organization.”

“Other line 11g amount exceeds 10% of column (a), line 25 (total paid $58,000) list expenses: the organzation incurred fees totaling $47,992 to housing and community services, inc. (see above) in accordance with a project oversight agreement to provide administrative oversight services for the organization and its low income housing property. The organzation incurred fees totaling $10,008 to lucas & associates, l.p., an unrelated financial consultant, in accordance with a financial monitoring agreement to provide financial monitoring for the organization and its low income housing property.”

“AUDIT COMMITTEE: THE ORGANIZATION DOES NOT OBTAIN SEPARATE, INDEPENDENT AUDITED FINANCIAL STATEMENTS. INSTEAD HOUSING AND COMMUNITY SERVICES, INC. (HCS), AS THE CONTROLLING ENTITY, INCLUDES THE ORGANIZATION IN ITS CONSOLIDATED AUDIT. HCS MAINTAINS A STANDING FINANCE COMMITTEE TO SELECT THE INDEPENDENT AUDITOR FOR ITS CONSOLIDATED AUDIT. THE HCS EXCUTIVE DIRECTOR IS CHARGED WITH OBTAINING SEPARATE, INDEPENDENT AUDITED FINANCIAL STATEMENTS FOR HCS. THE HCS CHIEF FINANCIAL OFFICER, HCS VICE PRESIDENT OF FINANCIAL COMPLIANCE, AND hCS NONPROFIT CONTROLLER ARE CHARGED WITH PROVIDING OVERSIGHT OF THE ANNUAL AUDIT AND REVIEWING THE AUDIT REPORT PREPARED BY THE AUDITOR. THE HCS BOARD OF DIRECTORS MEETS AT A REGULARLY SCHEDULED MEETING IN DECEMBER. PRIOR TO THIS MEETING, THE HCS BOARD RECEIVES A COPY OF THE AUDIT TO BE ISSUED. THEN AT THIS MEETING, THE HCS BOARD REVIEWS AND APPROVES ACCEPTANCE OF THE AUDIT REPORT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.”