Overview
What is Agape Gulfgate Inc?
Agape Gulfgate Inc is a nonprofit organization situated in San Antonio, Texas. Their primary focus is on providing affordable housing options for low-income individuals and families, housing a total of 288 units in Houston, Texas. Their mission is centered around enhancing the living conditions of those in need, contributing to the community by offering a comfortable and cost-effective living solution.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Agape Gulfgate Inc has received a two-star rating from Charity Navigator, indicating that there are areas requiring attention despite a solid accountability and finance score of 100%. The organization boasts a fully independent board, demonstrating strong governance practices, and maintains a high program expense ratio of 95.86%, suggesting that a significant portion of its funds directly support its programs.
However, the organization faces challenges that impact its overall rating. Notably, it is missing critical policies such as whistleblower and document retention policies, which are essential for transparency and accountability. Additionally, while the organization has a high ratio of liabilities to assets at 106.54%, this raises concerns about its financial health and sustainability.
Overall, while Agape Gulfgate Inc demonstrates strong governance and effective program spending, the absence of key policies and its financial liabilities suggest that potential donors should carefully consider these factors before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Agape Gulfgate Inc legitimate?
Agape Gulfgate Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Agape Gulfgate 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
For more financial information, click here
What is the mission statement of Agape Gulfgate Inc?
Agape Gulfgate Inc aims to provide affordable low-income housing, housing 288 units in total. This organization serves individuals and families in need, situated in an unspecified location. Its mission is centered around making housing accessible to those who may not otherwise be able to afford it, thereby contributing to a more inclusive community. The apartments offered by Agape Gulfgate Inc aim to provide a stable living environment for those in need, thereby enhancing their quality of life.
Who is the CEO of Agape Gulfgate Inc?
David Starr is the Director of Agape Gulfgate Inc.
What is the revenue of Agape Gulfgate Inc?
Agape Gulfgate Inc's revenue in 2022 was $3,810,600.
Who are the executives of Agape Gulfgate Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Agape Gulfgate Inc?
Agape Gulfgate Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Agape Gulfgate Inc
Agape Gulfgate Inc, a nonprofit organization, is committed to providing affordable low-income housing for individuals and families. Their mission is exemplified through a 288-unit apartment complex, which serves as a vital resource in Houston, Texas. This housing facility is designed to cater to a wide range of individuals and families who may be facing financial challenges, ensuring they have a safe and secure living space. By offering affordable housing, Agape Gulfgate Inc is contributing significantly to the well-being and stability of its community members.
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Impact
July, 2024
Agape Gulfgate Inc's impact lies in its provision of a 288-unit apartment that offers affordable, low-income housing to individuals and families in Houston, Texas. By addressing the critical need for affordable housing in the area, Agape Gulfgate Inc directly contributes to improving the quality of life for many residents who may otherwise struggle to find suitable housing options. This initiative not only helps in uplifting the community but also provides stability and security to those in need.
This information is meant to be a general summary of Agape Gulfgate 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: $2,535
- Program Service Revenue: $3,808,065
- Gross Receipts: $3,810,600
Assets and Liabilities:
- Total Assets: $17,694,686
- Total Liabilities: $18,759,632
- Net Assets: -$1,064,946
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENTALS
Revenue
$3,808,065
Organization Details
Founding Year
2014
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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