American Agape Foundation Inc
- Assets
- $5.8m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 01/1989
- Data as of
- 05/2024
- EIN
- 74-2734425
Organization Overview
American Agape Foundation Inc is located in San Antonio, TX. The organization was established in 1989. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter 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 05/2024, American Agape Foundation Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $1.7m during the year ending 05/2024. While expenses have increased by 0.6% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE LOW-INCOME HOUSING AND SOCIAL SERVICES TO INDIVIDUALS AT AN APARTMENT PROJECT CONSISTING OF 248 UNITS LOCATED IN SAN ANTONIO, TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LOW-INCOME HOUSING AND SOCIAL SERVICES TO INDIVIDUALS AT AN APARTMENT PROJECT CONSISTING OF 248 UNITS LOCATED IN SAN ANTONIO, TEXAS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James H Shipley Secretary/di | OfficerTrustee | 1 | $0 |
David Starr President/di | OfficerTrustee | 2 | $0 |
Dorthy Winfield Director | Trustee | 1 | $0 |
Joanna Woodbury 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 | $2,013,230 |
| Investment income | $10,636 |
| 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 | $2,023,866 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,629 |
| 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 | $99,284 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,603 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,889 |
| Office expenses | $60,669 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $394,491 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,985 |
| Interest | $247,875 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $312,728 |
| Insurance | $164,380 |
| All other expenses | $16,927 |
| Total functional expenses | $1,698,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,929 |
| Savings and temporary cash investments | $80,699 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,708 |
| 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 | $263,177 |
| Net Land, buildings, and equipment | $3,102,521 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $248,213 |
| Other assets | $1,928,696 |
| Total assets | $5,847,943 |
| Accounts payable and accrued expenses | $321,738 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $10,209,837 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $91,171 |
| Total liabilities | $10,622,746 |
| Net assets without donor restrictions | -$4,774,803 |
| 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 | $5,847,943 |