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Nonprofiteer
← AMERICAN AGAPE FOUNDATION INC

Form 990 for tax year 2023

Filed by AMERICAN AGAPE FOUNDATION INC.

Totals

Total revenue
$1,897,689
Total expenses
$1,377,530
Contributions and grants received
$843,341
Grants paid
$0
Program service revenue
$1,031,535
Investment income
$22,813
Other revenue
$0
Total assets, end of year
$6,344,894
Total liabilities, end of year
$5,726,823
Net assets or fund balances, end of year
$618,071
Program services expenses (Part IX)
$1,324,166
Management and general expenses
$53,364
Fundraising expenses
$0
Program service expenses (Part III)
$1,324,166

Program services were 96.1% 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

    $843,341

  • 2a · Program service revenue: APARTMENT RENTALS

    total $1,031,535 · related or exempt $1,031,535

  • 3 · Investment income

    total $22,813 · excluded $22,813

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $44,089 · management and general $44,089

  • 11b · Fees: legal

    total $275 · management and general $275

  • 11c · Fees: accounting

    total $9,000 · management and general $9,000

  • 12 · Advertising and promotion

    total $9,671 · program services $9,671

  • 13 · Office expenses

    total $37,320 · program services $37,320

  • 16 · Occupancy

    total $348,907 · program services $348,907

  • 20 · Interest

    total $284,107 · program services $284,107

  • 22 · Depreciation, depletion and amortization

    total $227,541 · program services $227,541

  • 23 · Insurance

    total $105,311 · program services $105,311

  • 24a · Other expenses: MGT PAYROLL COSTS

    total $227,788 · program services $227,788

  • 24b · Other expenses: SOCIAL SERVICES

    total $39,520 · program services $39,520

  • 24c · Other expenses: COMPLIANCE FEES

    total $18,624 · program services $18,624

  • 24d · Other expenses: MISC ADMINISTRATIVE EXPEN

    total $11,271 · program services $11,271

  • 24e · All other expenses

    total $14,106 · program services $14,106

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $26,615 · end of year $15,739

  • 4 · Accounts receivable

    beginning of year $4,455 · end of year $3,190

  • 9 · Prepaid expenses and deferred charges

    beginning of year $51,136 · end of year $60,105

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

    $7,519,136

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

    $1,627,053

  • 10c · Land, buildings and equipment, net

    beginning of year $5,425,424 · end of year $5,892,083

  • 14 · Intangible assets

    beginning of year $126,519 · end of year $121,946

  • 15 · Other assets

    beginning of year $292,794 · end of year $251,831

  • 17 · Accounts payable and accrued expenses

    beginning of year $91,558 · end of year $89,811

  • 20 · Tax-exempt bond liabilities

    beginning of year $5,712,958 · end of year $5,612,275

  • 25 · Other liabilities

    beginning of year $24,515 · end of year $24,737

  • 27 · Net assets without donor restrictions

    beginning of year $97,912 · end of year $618,071

Mission and programs · 2023

Mission

TO PROVIDE LOW-INCOME HOUSING AT A 100-UNIT PROPERTY IN SHREVEPORT LOUISIANA FOR LOW-INCOME FAMILIES AND INDIVIDUALS.

  • TO PROVIDE LOW-INCOME HOUSING AT A 100-UNIT PROPERTY IN SHREVEPORT LOUISIANA FOR LOW-INCOME FAMILIES AND INDIVIDUALS.

    Expenses $1,324,166 · Revenue $1,031,535

As filed on the 2023 return.

Listed in Part VII

  • SHERRY MITCHELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • JAMES H SHIPLEY

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • DAVID STARR

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 40 related

  • NATASHA 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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 April 2024
IRS schema version
2023v5.0
Source object
202401149349301950

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