Overview
What is Agape Berrendo-Laurel Inc?
Agape Berrendo-Laurel Inc is a nonprofit organization situated in San Antonio, Texas, specifically at 7334 Blanco Road Suite 200. Their primary focus is to provide affordable housing options for low-income individuals and families. They achieve this by managing two apartment complexes in the city, offering a total of 212 units. This commitment to affordable housing empowers many residents in the San Antonio community to secure a stable living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star rating)
Agape Berrendo-Laurel Inc has received a Three-Star rating from Charity Navigator, based on its accountability and finance metrics. A score of 75% indicates that the organization is meeting several key financial standards, demonstrating a commitment to maintaining a transparent and accountable financial structure. The charity scores highly in areas such as having an independent board and strong financial oversight, which suggests effective governance practices.
The charity's strengths lie primarily in its high program expense ratio, which sits at 96.66%. This means that a significant majority of the organization's funds are directed towards its programs rather than administrative costs, reflecting a strong focus on its mission. Additionally, the organization has no recorded material diversion of assets and maintains well-documented policies for conflict of interest and document retention.
However, a notable limitation is the liabilities to assets ratio, which stands at 108.37%. This indicates that the organization has more liabilities than assets, which could raise concerns about financial sustainability and stability in the long term. Overall, while Agape Berrendo-Laurel Inc showcases strong accountability and program focus, potential donors may want to consider its financial leverage before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Agape Berrendo-Laurel Inc legitimate?
Agape Berrendo-Laurel Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Agape Berrendo-Laurel 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 Berrendo-Laurel Inc?
Agape Berrendo-Laurel Inc is committed to providing affordable housing solutions for low-income individuals and families. They achieve this by managing two apartment complexes in Texas, offering a total of 212 units. The organization's mission is centered around making housing accessible to those in need, thereby contributing to a more equitable living situation for these individuals and families. By offering affordable housing, Agape Berrendo-Laurel Inc aims to alleviate some of the financial pressures that often come with securing a place to live, thereby allowing its residents to focus on other aspects of their lives.
What is the revenue of Agape Berrendo-Laurel Inc?
Agape Berrendo-Laurel Inc's revenue in 2023 was $3,135,536.
Who are the executives of Agape Berrendo-Laurel Inc and what are their salaries?
Here are 4 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Agape Berrendo-Laurel Inc?
Agape Berrendo-Laurel Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Agape Berrendo-Laurel Inc
Agape Berrendo-Laurel Inc, a nonprofit organization, is dedicated to providing affordable housing solutions for individuals and families in need. Situated in two different apartment complexes, this organization houses a total of 212 units in San Antonio, Texas. Their mission is to make a significant impact in the community by offering low-income housing options, thereby contributing to a more inclusive and equitable living environment. By providing this essential service, Agape Berrendo-Laurel Inc plays a crucial role in supporting those who might otherwise struggle to secure adequate housing, ultimately fostering stability and improving the overall well-being of its residents.
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Impact
July, 2024
Agape Berrendo-Laurel Inc's impact can be seen in the provision of affordable low-income housing to individuals and families in San Antonio, Texas. Through their two apartment complexes totaling 212 units, they are addressing the critical need for affordable housing in the community. By offering safe and affordable housing options, Agape Berrendo-Laurel Inc is contributing to the well-being and stability of individuals and families, thereby improving the overall quality of life in San Antonio. Their commitment to community improvement through affordable housing initiatives underscores their dedication to making a positive impact on those they serve.
This information is meant to be a general summary of Agape Berrendo-Laurel 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 2023.
- Investment Income: $17,345
- Program Service Revenue: $2,520,314
- Gross Receipts: $3,135,536
Assets and Liabilities:
- Total Assets: $14,370,657
- Total Liabilities: $15,550,928
- Net Assets: -$1,180,271
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENTALS
Revenue
$2,520,314
Organization Details
Founding Year
2015
Principal Officer
David Starr
NTEE Category
Code: S41 - Community improvement
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