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Agape Housing Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 581434678 ✦ Atlanta, GA ✦ Designated as a 501(c)(3)

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Overview

What is Agape Housing Inc?

Agape Housing Inc is a nonprofit organization located in Atlanta, Georgia. Their primary mission is to provide and maintain an apartment complex for low-income elderly individuals, adhering to the guidelines set by the Department of Housing and Urban Development. Specifically, Agape Houses Inc specializes in owning and operating a rental housing property for this demographic under Section 202 of the National Housing Act. This initiative aims to offer suitable living arrangements and essential support for the elderly community in need.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 79%, Three-Star out of Four Star Rating

Agape Housing Inc has received a Three-Star rating from Charity Navigator, reflecting a solid commitment to accountability and finance with a score of 79%. This rating is derived entirely from their performance in accountability and financial metrics, indicating a strong emphasis on responsible governance and transparency in their operations.

The organization showcases strengths in several key areas, such as having a fully independent board of directors and robust policies in place for conflict of interest, whistleblower protection, and document retention. Their high program expense ratio of 90.37% suggests that a significant portion of their funds is dedicated directly to their programs, which is a positive indicator of their operational efficiency.

However, the organization faces challenges with a liabilities to assets ratio of 108.04%, which may indicate a financial risk or imbalance. Potential donors and stakeholders should consider this aspect when evaluating the overall financial health of Agape Housing Inc. Overall, while the organization's financial governance is commendable, there are areas that warrant attention to ensure long-term sustainability.


This AI summary has been generated from information found on Charity Navigator.

Is Agape Housing Inc legitimate?

Agape Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Agape Housing 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: $117,554

For more financial information, click here

What is the mission statement of Agape Housing Inc?

Agape Housing Inc is dedicated to owning and managing a rental housing property specifically catering to low-income elderly individuals, in compliance with Section 202 of the National Housing Act. Their mission is to provide a living space that meets the needs of this demographic, ensuring the operation and maintenance of the property adheres to the regulations set by the Department of Housing and Urban Development. By doing so, Agape Housing Inc aims to contribute positively to the lives of low-income elderly persons, providing them with a suitable and comfortable living environment.

Who is the CEO of Agape Housing Inc?

Gerald Eickhoff is the President of Agape Housing Inc.

What is the revenue of Agape Housing Inc?

Agape Housing Inc's revenue in 2022 was $693,198.

Who are the executives of Agape Housing Inc and what are their salaries?

There 6 volunteers at Agape Housing Inc.


Here are 6 key members and their salaries:


Gerald Eickhoff (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph F Glenn (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth C Glenn (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Gay Reagan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kim Delacey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert L Reinhart (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Agape Housing Inc?

Agape Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Agape Housing Inc

Agape Housing Inc is dedicated to owning and operating a rental housing property catering to low-income elderly individuals, in compliance with Section 202 of the National Housing Act. This nonprofit organization's mission is to provide a living space for the elderly, ensuring they have access to secure, comfortable, and affordable housing. Agape Housing Inc manages an apartment complex that adheres to the regulations set by the Department of Housing and Urban Development, ensuring the well-being of its residents. The organization's commitment is to maintain and operate this housing facility with the utmost care, ensuring a safe and comfortable living environment for the elderly population it serves.

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Impact




July, 2024

Agape Housing Inc's impact lies in providing essential housing support to low-income elderly individuals in Atlanta, GA. Through the operation and maintenance of an apartment complex under Section 202 of the National Housing Act, Agape Housing Inc ensures that this vulnerable population has access to safe and affordable housing. By meeting the strict requirements set by the Department of Housing and Urban Development, this organization plays a crucial role in supporting the well-being and stability of elderly residents in need.




This information is meant to be a general summary of Agape Housing 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.

Revenue
$693,198 (2022)
Expenses
$484,939 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,751
  • Program Service Revenue: $688,918
  • Gross Receipts: $693,198

Assets and Liabilities:

  • Total Assets: $597,140
  • Total Liabilities: $645,155
  • Net Assets: -$48,015

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

HUD SUBSIDY RENTAL INC

Revenue

$455,329

RENTAL AND OTHER INCOM

Revenue

$233,589

Organization Details

Founding Year

1981

Principal Officer

Gerald Eickhoff

Main Address

PO BOX 450049, ATLANTA, GA, 31145

NTEE Category

Code: L21Z - Housing

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