Overview
What is Agape Canaan Towers Inc?
Agape Canaan Towers Inc is a nonprofit organization situated in San Antonio, Texas, with a specific focus on providing affordable housing. They manage a 100-unit property in Shreveport, Louisiana, catering to low-income families and individuals in need. The organization's mission is deeply rooted in offering a secure living space, contributing positively to the local community by providing essential housing options for those who may not otherwise have access to such resources.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, Two-Star out of Four Star rating
Agape Canaan Towers Inc has received a 71% rating from Charity Navigator, which translates to a Two-Star rating. This score reflects a moderate level of accountability and financial health, with strengths in areas such as board independence, financial oversight, and a high program expense ratio of nearly 96%, indicating that the majority of funds are directed towards its programs.
Despite these strengths, the organization faces significant limitations that impact its overall rating. It has a notably high liabilities to assets ratio of 90.25%, which raises concerns about financial sustainability. Additionally, the nonprofit has several missing policies, including tax form disclosures and a whistleblower policy, which are crucial for ensuring transparency and governance.
Overall, while Agape Canaan Towers exhibits strong programmatic focus and governance in certain areas, the gaps in financial disclosures and missing policies highlight areas for improvement that could enhance its accountability and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Agape Canaan Towers Inc legitimate?
Agape Canaan Towers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Agape Canaan Towers Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Agape Canaan Towers Inc?
Agape Canaan Towers Inc is committed to providing affordable housing for low-income families and individuals. Specifically, they manage a 100-unit property in an undisclosed location. Their mission is to offer a secure living environment that caters to the housing needs of those who fall below a certain income threshold. By providing this service, Agape Canaan Towers Inc aims to contribute positively to the community, ensuring that everyone has a place to call home, regardless of their financial situation.
Who is the CEO of Agape Canaan Towers Inc?
David Starr is the Director of Agape Canaan Towers Inc.
What is the revenue of Agape Canaan Towers Inc?
Agape Canaan Towers Inc's revenue in 2022 was $1,219,041.
Who are the executives of Agape Canaan Towers Inc and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Agape Canaan Towers Inc?
Agape Canaan Towers Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Agape Canaan Towers Inc
Agape Canaan Towers Inc is committed to providing low-income housing solutions. Specifically, the organization operates a 100-unit property in an undisclosed location, offering accommodations for families and individuals who are financially disadvantaged. By offering affordable housing, Agape Canaan Towers Inc aims to contribute to the well-being and stability of these individuals and families, providing them with a secure living environment. The organization's mission is to make a tangible difference in the lives of those in need, offering a vital service that can help them focus on other aspects of their lives, such as education, employment, and overall personal development.
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Impact
October, 2024
Agape Canaan Towers Inc significantly impacts the community by providing essential low-income housing. Located in Shreveport, Louisiana, the organization operates a 100-unit property specifically designed to assist low-income families and individuals. By focusing on accessible housing solutions, Agape Canaan Towers Inc plays a vital role in enhancing the living conditions of those in need, fostering stability, and promoting community improvement. This initiative not only addresses the immediate challenge of affordable housing but also contributes to the overall wellbeing and empowerment of residents, facilitating a pathway towards improved quality of life and economic opportunity.
This information is meant to be a general summary of Agape Canaan Towers Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $4,460
- Program Service Revenue: $1,013,231
- Gross Receipts: $1,219,041
Assets and Liabilities:
- Total Assets: $5,926,943
- Total Liabilities: $5,829,031
- Net Assets: $97,912
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENTALS
Revenue
$1,013,231
Organization Details
Founding Year
2015
Phone
(210) 341-8097Principal Officer
David Starr
Main Address
7334 BLANCO ROAD STE 200, SAN ANTONIO, TX, 78216
NTEE Category
Code: S41 - Community improvement
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