Overview
What is Agape Central Texas Properties Inc?
Agape Central Texas Properties Inc is a nonprofit organization situated in San Antonio, Texas. Their primary focus is to provide affordable housing and essential social services to individuals residing in a project consisting of 248 units. Their mission involves catering to the needs of low-income individuals, offering a supportive community where they can thrive. The organization's activities encompass more than just housing, extending to various social services for the betterment of the community they serve.
What are the reviews and ratings of this charity?
Charity Navigator rating: 75%, Three-Star out of Four Star rating.
Agape Central Texas Properties Inc has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization's high score in accountability is notable, particularly with an independent board comprised entirely of members who do not have conflicts of interest. Their financial practices, including the presence of an Audit and Oversight Committee and comprehensive documentation of board meetings, further contribute to their transparency.
Despite these strengths, the charity has a significant concern regarding its financial health, as indicated by a liabilities to assets ratio of 191.13%. This suggests that the organization has more liabilities than assets, which may pose a risk to its long-term sustainability. While the program expense ratio is impressive at 96.70%, indicating that most funds are directed towards programs rather than administrative costs, the overall financial structure needs careful attention to ensure ongoing viability.
This AI summary has been generated from information found on Charity Navigator.
Is Agape Central Texas Properties Inc legitimate?
Agape Central Texas Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Agape Central Texas 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
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What is the mission statement of Agape Central Texas Properties Inc?
Agape Central Texas Properties Inc is committed to providing low-income housing and social services to individuals. They accomplish this by managing an apartment project consisting of 248 units located in Texas, specifically in San Antonio. This organization's goal is to create a supportive living environment for those in need, offering more than just a place to live. By providing social services, they aim to enhance the overall well-being of their residents, offering them essential resources and aid. Their initiatives contribute to fostering a sense of community and empowerment among those who reside in their apartments.
Who is the CEO of Agape Central Texas Properties Inc?
David Starr is the Secretary/Di of Agape Central Texas Properties Inc.
What is the revenue of Agape Central Texas Properties Inc?
Agape Central Texas Properties Inc's revenue in 2023 was $1,965,715.
Who are the executives of Agape Central Texas Properties Inc and what are their salaries?
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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Where can I find the form 990 for Agape Central Texas Properties Inc?
Agape Central Texas Properties Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Agape Central Texas Properties Inc
Agape Central Texas Properties Inc is dedicated to providing low-income housing and essential social services to individuals. The organization operates an apartment project consisting of 248 units, situated in San Antonio, Texas. Their mission is centered around offering more than just a place to live; they aim to uplift and support their residents by providing them with essential social services. The goal is to help these individuals improve their living conditions and overall quality of life. By offering this comprehensive approach, Agape Central Texas Properties Inc is making a significant impact in the lives of those in need.
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Impact
July, 2024
Agape Central Texas Properties Inc's impact is significant in providing low-income housing and social services to individuals at an apartment project consisting of 248 units in San Antonio, Texas. By offering affordable housing and support services, Agape Central Texas Properties Inc directly impacts the lives of those in need by providing a stable and secure living environment. This helps to address issues of housing insecurity and contributes to the overall well-being of the community in San Antonio. Their dedication to providing housing solutions for low-income individuals plays a crucial role in addressing housing challenges and improving the quality of life for residents in the area.
This information is meant to be a general summary of Agape Central Texas 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $4,978
- Program Service Revenue: $1,960,737
- Gross Receipts: $1,965,715
Assets and Liabilities:
- Total Assets: $5,595,903
- Total Liabilities: $10,695,776
- Net Assets: -$5,099,873
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENTS
Revenue
$1,960,737
Organization Details
Founding Year
1995
Phone
(210) 341-8097Principal Officer
David Starr
Main Address
7334 BLANCO ROAD STE 200, SAN ANTONIO, TX, 78216
NTEE Category
Code: L21 - Housing
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