American Agape Foundation Inc
- Assets
- $56.7m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 01/1989
- Data as of
- 12/2021
- EIN
- 37-1804350
Organization Overview
American Agape Foundation Inc is located in San Antonio, TX. The organization was established in 1989. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. American Agape Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, American Agape Foundation Inc generated $7.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $8.9m during the year ending 12/2021. While expenses have increased by 2.9% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE AFFORDABLE LOW-INCOME HOUSING TO INDIVIDUALS AND FAMILIES IN HOUSTON AND AUSTIN, TEXAS AT THREE DIFFERENT APARTMENT LOCATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AFFORDABLE LOW-INCOME HOUSING TO INDIVIDUALS AND FAMILIES IN HOUSTON AND AUSTIN, TEXAS AT THREE DIFFERENCT APARTMENT LOCATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherry Mitchell Secretary | OfficerTrustee | 1 | $0 |
David Starr President | OfficerTrustee | 2 | $0 |
Mohammed Attah Director | Trustee | 1 | $0 |
Dorthy Winfield Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,832,394 |
| Investment income | $101 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,832,495 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $291,596 |
| Fees for services: Legal | $12,750 |
| Fees for services: Accounting | $12,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $29,910 |
| Office expenses | $163,755 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,376,676 |
| Travel | $959 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,638,150 |
| Payments to affiliates | $108,356 |
| Depreciation, depletion, and amortization | $1,536,408 |
| Insurance | $430,702 |
| All other expenses | $104,211 |
| Total functional expenses | $8,861,237 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,588 |
| Savings and temporary cash investments | $36,336 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $108,495 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $202,129 |
| Net Land, buildings, and equipment | $52,825,606 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,952,992 |
| Other assets | $1,495,319 |
| Total assets | $56,717,465 |
| Accounts payable and accrued expenses | $2,777,274 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $58,222,507 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,745,401 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $190,622 |
| Total liabilities | $63,935,804 |
| Net assets without donor restrictions | -$7,218,339 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $56,717,465 |
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