Overview
What is Agape Heritage Square Inc?
Agape Heritage Square Inc is a nonprofit organization located in San Antonio, Texas, specifically at 7334 Blanco Road Suite 200, with a focus on providing affordable housing. They are committed to serving low-income families and individuals by managing a 204-unit property in Harlingen, Texas. This initiative is part of their mission to contribute positively to their community by providing a much-needed service. The organization's work aims to improve the living conditions of those in need, thereby enhancing the overall quality of life in the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Two-Star out of Four Stars
Agape Heritage Square Inc has received a rating of 71% from Charity Navigator, indicating a need for improvement in its overall performance and management. The organization demonstrates strong accountability and financial practices, with a fully independent board and rigorous oversight mechanisms in place. Notably, it excels in its program expense ratio, indicating that a significant portion of its funds is allocated directly to its programs.
Despite these strengths, the organization faces challenges reflected in its liabilities to assets ratio, which is notably high at 112.96%. This suggests potential financial instability that could concern donors and stakeholders. While Agape Heritage Square Inc adheres to essential policies and practices, the financial ratios indicate that there is room for growth to improve its financial health and sustainability.
In summary, while Agape Heritage Square Inc shows commendable practices in governance and program funding, the significant liabilities raise questions about its long-term viability. Stakeholders may want to consider these factors when assessing their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Agape Heritage Square Inc legitimate?
Agape Heritage Square Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Agape Heritage Square 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 Heritage Square Inc?
Agape Heritage Square Inc is committed to providing low-income housing solutions. Specifically, they manage a 204-unit property to offer affordable living spaces for families and individuals who are financially disadvantaged. Their mission is centered around facilitating access to decent housing for those who require such assistance, thereby contributing to a more inclusive and equitable community. The organization's primary objective is to make housing a viable option for individuals and families who may otherwise struggle to secure suitable accommodations due to financial constraints.
Who is the CEO of Agape Heritage Square Inc?
David Starr is the Director of Agape Heritage Square Inc.
What is the revenue of Agape Heritage Square Inc?
Agape Heritage Square Inc's revenue in 2022 was $2,063,178.
Who are the executives of Agape Heritage Square 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 Heritage Square Inc?
Agape Heritage Square Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Agape Heritage Square Inc
Agape Heritage Square Inc, as a nonprofit organization, is committed to providing low-income housing for a 204-unit property. Located in an unspecified area, this Texas-based establishment aims to serve families and individuals who are financially struggling. By offering this housing, Agape Heritage Square Inc seeks to contribute to the well-being of its community, providing a safe and stable living environment for those in need. The organization's mission is to make a difference in the lives of its residents, enabling them to focus on other aspects of their lives without the burden of finding affordable housing. Agape Heritage Square Inc's efforts in this area demonstrate its dedication to uplifting its community and promoting social equality.
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Impact
July, 2024
Agape Heritage Square Inc's impact is significant as it provides essential low-income housing for a 204-unit property in Harlingen, Texas, catering to low-income families and individuals. By offering affordable housing options, Agape Heritage Square Inc plays a crucial role in addressing the housing needs of vulnerable populations, contributing to community improvement and social welfare in the region.
This information is meant to be a general summary of Agape Heritage Square 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: $2,364
- Program Service Revenue: $1,644,363
- Gross Receipts: $2,063,178
Assets and Liabilities:
- Total Assets: $9,521,015
- Total Liabilities: $10,847,943
- Net Assets: -$1,326,928
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENTALS
Revenue
$1,644,363
Organization Details
Founding Year
2013
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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