Agape Raymondville Properties Inc

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

EIN: 742636695 ✦ San antonio, TX ✦ Designated as a 501(c)(3)

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Overview

What is Agape Raymondville Properties Inc?

Agape Raymondville Properties Inc is a nonprofit organization, headquartered in San Antonio, Texas, specifically at 7334 Blanco Road Suite 200, that focuses on providing affordable housing solutions. They manage an apartment project with 56 units, situated in Raymondville, Texas, catering to low-income individuals and families in need. This project serves as a crucial resource in the community, contributing to the housing sector and ensuring that more people have access to suitable living circumstances.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 79% (Three-Star out of Four Star rating)

Agape Raymondville Properties Inc has received a solid Three-Star rating from Charity Navigator, reflecting a score of 79%. This rating highlights the organization’s commitment to accountability and finance, demonstrating strong governance practices with 100% independent board members and a robust audit and oversight committee. The organization excels in its program expense ratio, allocating 94.18% of its budget directly to programs, which indicates a strong focus on mission-related activities.

The charity's financial management is generally sound, with no reported material diversion of assets, and well-established policies for conflict of interest and document retention. However, the liabilities to assets ratio of 64.59% suggests that the organization may have a higher level of debt relative to its assets, which could pose risks in terms of financial stability.

Overall, while Agape Raymondville Properties Inc demonstrates effective oversight and program delivery, potential donors and stakeholders should consider the organization’s financial ratios and strive to understand the implications for its long-term sustainability.


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

Is Agape Raymondville Properties Inc legitimate?

Agape Raymondville Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Agape Raymondville Properties 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 Raymondville Properties Inc?

Agape Raymondville Properties Inc is committed to providing low-income housing solutions for individuals and families. They accomplish this through a housing project consisting of 56 units located in Texas, specifically in Raymondville. This organization's primary goal is to make affordable housing available to those in need, thereby contributing to their well-being and quality of life. Their mission is not limited to just providing housing; it also ensures that these living spaces meet the necessary standards, providing a safe and comfortable environment for the residents.

Who is the CEO of Agape Raymondville Properties Inc?

David Starr is the Director of Agape Raymondville Properties Inc.

What is the revenue of Agape Raymondville Properties Inc?

Agape Raymondville Properties Inc's revenue in 2023 was $654,338.

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


Here are 4 key members and their salaries:


Sherry Mitchell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Shipley (Secretary/Di)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Starr (President/Di)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joanne Woodbury (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Agape Raymondville Properties Inc?

Agape Raymondville Properties Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Agape Raymondville Properties Inc

Agape Raymondville Properties Inc, a nonprofit organization, is committed to providing low-income housing for individuals and families. They accomplish this mission by managing an apartment project consisting of 56 units. This project serves as a sanctuary for those in need, offering them a place to call home. The organization's primary focus is on making affordable housing accessible, thereby contributing to the well-being and stability of its residents.

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Impact




July, 2024

Agape Raymondville Properties Inc's impact lies in providing essential low-income housing to individuals and families in Raymondville, Texas, through an apartment project featuring 56 units. This initiative addresses a critical need in the community, ensuring that those who require affordable housing have a safe and stable place to live. By offering this support, Agape Raymondville Properties Inc contributes significantly to improving the quality of life for these individuals and families, fostering a sense of security and well-being within the community.




This information is meant to be a general summary of Agape Raymondville Properties 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
$654,338 (2023)
Expenses
$614,505 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $23,386
  • Program Service Revenue: $630,952
  • Gross Receipts: $654,338

Assets and Liabilities:

  • Total Assets: $2,381,993
  • Total Liabilities: $1,538,536
  • Net Assets: $843,457

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Programs

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

RENT AND SERVICE REVENUES

Revenue

$630,952

Organization Details

Founding Year

1995

Principal Officer

David Starr

Main Address

7334 BLANCO ROAD SUITE 200, SAN ANTONIO, TX, 78216

NTEE Category

Code: L20 - Housing

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