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 · Schedule J · 2 reported individuals · Filing year 2024
| Position | Total |
|---|---|
Executive Director | $30k $32k |
Management Agent CFO | $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.
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.
Revenue and expenses over time
TG 304 INC reported revenue and expenses across 2 filing years.
What Housing & Shelter executives earn in Texas
Comparable housing & shelter organizations in Texas pay their highest-earning executive a median of $64,362.
These are housing & shelter sector-wide figures, not this organization's reported pay. Based on 58 organizations across 58 filings (2021 – 2023).
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