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.
Executive compensation
Form 990 · Part VII & Schedule J · 2 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at Housing & Shelter organizations in Texas.
| Position | Total |
|---|---|
Executive Director 10th to 25th percentile | $30k $32k |
Management Agent CFO 10th to 25th percentile | $6k $6k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 4 unpaid individuals.
Top pay as a share of expenses
In 2024, the highest total compensation at TG 304 INC equaled 7% of the organization's total expenses. The median for housing & shelter organizations is 7%.
Based on 7,888 housing & shelter organizations, each measured at its most recent filing year with reported expenses and compensation.
Up 43%
from 2023
From $21k in 2023 to $30k in 2024.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay rose 43% from 2023 to 2024, while revenue rose 5%.
- Chief Financial Officer pay fell 11% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about TG 304 INC
What does the Chief Executive Officer of TG 304 INC earn?
In 2024, the Chief Executive Officer of TG 304 INC received $29,794 in total compensation. This pay is in the bottom quarter for Chief Executive Officer roles among Housing & Shelter organizations in Texas, above the lowest 10% of comparable filings. Based on IRS Form 990 data.
How does Chief Executive Officer pay at TG 304 INC compare with similar nonprofits?
Compared with the same role at Housing & Shelter organizations in Texas, the 2024 pay of the Chief Executive Officer at TG 304 INC falls between the 10th and 25th percentiles. In 2024, the highest total compensation at TG 304 INC equaled 7% of the organization's total expenses. The median for housing & shelter organizations is 7%.
What are TG 304 INC's revenue and expenses?
In 2024, TG 304 INC reported $452k in total revenue and $446k in total expenses on its IRS Form 990.
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