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← AMERICAN AGAPE FOUNDATION INC

Form 990 for tax year 2022

Filed by AMERICAN AGAPE FOUNDATION INC.

Totals

Total revenue
$3,912,783
Total expenses
$2,766,097
Contributions and grants received
$1,355,336
Grants paid
$0
Program service revenue
$2,554,824
Investment income
$2,623
Other revenue
$0
Total assets, end of year
$14,370,657
Total liabilities, end of year
$15,550,928
Net assets or fund balances, end of year
-$1,180,271
Program services expenses (Part IX)
$2,671,710
Management and general expenses
$94,387
Fundraising expenses
$0
Program service expenses (Part III)
$2,671,710

Program services were 96.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,355,336

  • 2a · Program service revenue: APARTMENT RENTALS

    total $2,554,824 · related or exempt $2,554,824

  • 3 · Investment income

    total $2,623 · excluded $2,623

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $84,487 · management and general $84,487

  • 11c · Fees: accounting

    total $9,900 · management and general $9,900

  • 12 · Advertising and promotion

    total $20,849 · program services $20,849

  • 13 · Office expenses

    total $58,189 · program services $58,189

  • 16 · Occupancy

    total $624,014 · program services $624,014

  • 20 · Interest

    total $896,492 · program services $896,492

  • 21 · Payments to affiliates

    total $9,000 · program services $9,000

  • 22 · Depreciation, depletion and amortization

    total $452,036 · program services $452,036

  • 23 · Insurance

    total $217,739 · program services $217,739

  • 24a · Other expenses: MGT COMPANY PAYROLL COSTS

    total $288,010 · program services $288,010

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $32,375 · program services $32,375

  • 24c · Other expenses: TRUSTEE, ISSUER AND OTHER

    total $29,310 · program services $29,310

  • 24d · Other expenses: COMPLIANCE

    total $19,968 · program services $19,968

  • 24e · All other expenses

    total $23,728 · program services $23,728

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $62,545 · end of year $64,800

  • 4 · Accounts receivable

    beginning of year $8,626 · end of year $13,162

  • 9 · Prepaid expenses and deferred charges

    beginning of year $87,202 · end of year $101,686

  • 10a · Land, buildings and equipment: cost or other basis

    $15,408,728

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,365,989

  • 10c · Land, buildings and equipment, net

    beginning of year $13,298,061 · end of year $13,042,739

  • 14 · Intangible assets

    beginning of year $767,553 · end of year $742,660

  • 15 · Other assets

    beginning of year $301,558 · end of year $405,610

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,810,361 · end of year $699,935

  • 20 · Tax-exempt bond liabilities

    beginning of year $13,894,583 · end of year $13,735,706

  • 23 · Secured mortgages and notes payable

    beginning of year $1,072,082 · end of year $1,072,082

  • 25 · Other liabilities

    beginning of year $75,476 · end of year $43,205

  • 27 · Net assets without donor restrictions

    beginning of year -$2,326,957 · end of year -$1,180,271

Mission and programs · 2022

Mission

PROVIDE AFFORDABLE LOW-INCOME HOUSING TO INDIVIDUALS AND FAMILIES IN SAN ANTONIO TEXAS AT TWO DIFFERENT APARTMENT COMPLEXES CONSISTING OF A TOTAL OF 212 UNITS.

  • PROVIDE AFFORDABLE LOW-INCOME HOUSING TO INDIVIDUALS AND FAMILIES IN SAN ANTONIO TEXAS AT TWO DIFFERENT APARTMENT COMPLEXES CONSISTIN OF A TOTAL OF 212 UNITS.

    Expenses $2,671,710 · Revenue $2,554,824

As filed on the 2022 return.

Listed in Part VII

  • Muthana Mohammed Attah

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • James Shipley

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • David Starr

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 40 related

  • Dorthy Winfield

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • AOFH-SAN ANTONIO PORTFOLIO LLC

    HOUSING · TX

Provenance

Return type
form_990
Tax year
2022
Filed
12 April 2023
IRS schema version
2022v5.0
Source object
202311099349300416

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