American Agape Foundation Inc
- Assets
- $2.8m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 01/1989
- Data as of
- 05/2021
- 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 05/2021, American Agape Foundation Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $1.7m during the year ending 05/2021. While expenses have increased by 0.6% per year over the past 7 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 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.
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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 | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $111 |
| 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 | $1,856,802 |
| Statement of Expenses | |
|---|---|
| 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 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 | $90,996 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,522 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,563 |
| Office expenses | $39,935 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $262,449 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,090 |
| Interest | $139,365 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $224,491 |
| Insurance | $66,718 |
| All other expenses | $0 |
| Total functional expenses | $1,683,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $528,217 |
| Savings and temporary cash investments | $78,875 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $326 |
| 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 | $21,096 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $150,213 |
| Other assets | $413,903 |
| Total assets | $2,830,303 |
| Accounts payable and accrued expenses | $29,298 |
| 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 | $3,672,954 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $194,132 |
| Total liabilities | $3,896,384 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$1,066,081 |
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