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← AGAPE CENTRAL TEXAS PROPERTIES INC

Form 990 for tax year 2023

Filed by AGAPE CENTRAL TEXAS PROPERTIES INC.

Totals

Total revenue
$2,023,866
Total expenses
$1,698,796
Contributions and grants received
$0
Grants paid
$24,629
Program service revenue
$2,013,230
Investment income
$10,636
Other revenue
$0
Total assets, end of year
$5,847,943
Total liabilities, end of year
$10,622,746
Net assets or fund balances, end of year
-$4,774,803
Program services expenses (Part IX)
$1,588,712
Management and general expenses
$110,084
Fundraising expenses
$0
Program service expenses (Part III)
$1,588,712

Program services were 93.5% 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.

  • 2a · Program service revenue: APARTMENT RENTS

    total $2,013,230 · related or exempt $2,013,230

  • 3 · Investment income

    total $10,636 · excluded $10,636

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $24,629 · program services $24,629

  • 11a · Fees: management

    total $99,284 · management and general $99,284

  • 11c · Fees: accounting

    total $20,603 · program services $9,803 · management and general $10,800

  • 12 · Advertising and promotion

    total $14,889 · program services $14,889

  • 13 · Office expenses

    total $60,669 · program services $60,669

  • 16 · Occupancy

    total $394,491 · program services $394,491

  • 19 · Conferences, conventions and meetings

    total $2,985 · program services $2,985

  • 20 · Interest

    total $247,875 · program services $247,875

  • 22 · Depreciation, depletion and amortization

    total $312,728 · program services $312,728

  • 23 · Insurance

    total $164,380 · program services $164,380

  • 24a · Other expenses: MGT COMPANY PAYROLL COSTS

    total $217,963 · program services $217,963

  • 24b · Other expenses: MORTGAGE INSURANCE PREMIU

    total $61,836 · program services $61,836

  • 24c · Other expenses: MISC ADMINISTRATIVE EXPEN

    total $43,969 · program services $43,969

  • 24d · Other expenses: CONTRACT LABOR

    total $15,568 · program services $15,568

  • 24e · All other expenses

    total $16,927 · program services $16,927

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $224,639 · end of year $219,929

  • 2 · Savings and temporary cash investments

    beginning of year $80,784 · end of year $80,699

  • 4 · Accounts receivable

    beginning of year $5,275 · end of year $4,708

  • 9 · Prepaid expenses and deferred charges

    beginning of year $198,843 · end of year $263,177

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

    $8,872,878

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

    $5,770,357

  • 10c · Land, buildings and equipment, net

    beginning of year $3,193,096 · end of year $3,102,521

  • 14 · Intangible assets

    beginning of year $257,280 · end of year $248,213

  • 15 · Other assets

    beginning of year $1,635,986 · end of year $1,928,696

  • 17 · Accounts payable and accrued expenses

    beginning of year $100,970 · end of year $321,738

  • 23 · Secured mortgages and notes payable

    beginning of year $10,466,812 · end of year $10,209,837

  • 25 · Other liabilities

    beginning of year $127,994 · end of year $91,171

  • 27 · Net assets without donor restrictions

    beginning of year -$5,099,873 · end of year -$4,774,803

Mission and programs · 2023

Mission

PROVIDE LOW-INCOME HOUSING AND SOCIAL SERVICES TO INDIVIDUALS AT AN APARTMENT PROJECT CONSISTING OF 248 UNITS LOCATED IN SAN ANTONIO, TEXAS.

  • PROVIDE LOW-INCOME HOUSING AND SOCIAL SERVICES TO INDIVIDUALS AT AN APARTMENT PROJECT CONSISTING OF 248 UNITS LOCATED IN SAN ANTONIO, TEXAS.

    Expenses $1,588,712 · Grants $24,629 · Revenue $2,013,230

As filed on the 2023 return.

Listed in Part VII

  • James H Shipley

    SECRETARY/DI

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • David Starr

    PRESIDENT/DI

    Total calculated
    $0
    Hours/week
    2 + 40 related

  • Dorthy Winfield

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Joanna Woodbury

    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

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
5 August 2024
IRS schema version
2023v5.0
Source object
202402349349300115

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