American Agape Foundation Inc
- Assets
- $61.1m
- Revenue
- $10.2m
- Investments
- $0.0
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 01/1989
- Data as of
- 12/2023
- 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 12/2023, American Agape Foundation Inc generated $10.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $10.1m during the year ending 12/2023. While expenses have increased by 3.9% 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
2023
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 |
|---|---|---|---|
Mohammed Attah Director | Trustee | 1 | $0 |
Sherry Mitchell Secretary | OfficerTrustee | 1 | $0 |
David Starr President | OfficerTrustee | 2 | $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 | $1,127,787 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,127,787 |
| Total Program Service Revenue | $9,002,048 |
| Investment income | $35,056 |
| 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 | $10,164,891 |
| 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 | $321,613 |
| Fees for services: Legal | $17,792 |
| Fees for services: Accounting | $14,401 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $29,447 |
| Office expenses | $170,055 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,564,683 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,885,857 |
| Payments to affiliates | $84,000 |
| Depreciation, depletion, and amortization | $1,783,937 |
| Insurance | $803,116 |
| All other expenses | $178,680 |
| Total functional expenses | $10,057,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $822,315 |
| Savings and temporary cash investments | $35,811 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $390,627 |
| 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 | $314,522 |
| Net Land, buildings, and equipment | $56,608,530 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,011,943 |
| Other assets | $961,129 |
| Total assets | $61,144,877 |
| Accounts payable and accrued expenses | $2,560,957 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $56,945,959 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,838,906 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $129,746 |
| Total liabilities | $68,475,568 |
| Net assets without donor restrictions | -$7,330,691 |
| 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 | $61,144,877 |