Tg 109 Inc.

“Delegate control of management duties: the organization contracts with wedge management, inc., a related taxable corporation, to serve as its 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 annually 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.”

“Organization mission: 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 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 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 are made available to families and individuals with incomes of less than 30% of ami.”

“Exempt purpose achievements: 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 contest 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.”

“AUDIT COMMITTEE: HOUSING AND COMMUNITY SERVICES, INC. AS THE CONTROLLING ENTITY MAINTAINS A STANDING finance COMMITTEE TO SELECT THE INDEPENDENT AUDITOR. THE MANAGEMENT AGENT IS CHARGED WITH PROVIDING OVERSIGHT OF THE ANNUAL AUDIT AND REVIEWING THE AUDIT REPORT PREPARED BY THE AUDITOR. THE ORGANIZATION BOARD OF DIRECTORS MEETS AT A REGULARLY SCHEDULED SEMIANNUAL MEETING AFTER THE FISCAL YEAR END. PRIOR TO THIS MEETING, THE BOARD RECEIVES A COPY OF THE AUDIT TO BE ISSUED. THEN AT THIS MEETING, THE BOARD REVIEWS AND APPROVES ACCEPTANCE OF THE AUDIT REPORT. TWO DIRECTORS WILL SIGN THE AUDIT REPORT FOR THE ORGANIZATION. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.”

“TG 109, Inc., DBA RIO MANOR APARTMENTS 8610 North New Braunfels, Suite 500 San Antonio, TX 78217-6397 Identification Number: 74-2699723 Tax Year Ended: June 30, 2018 Taxpayer elects under IRC Sec. 168(k)(2)(D)(III) not to claim the special depreciation allowance for all eligible classes of property placed in service during the tax year ended June 30, 2018.”