American Agape Foundation Inc, Agape Waterford Portfolio Inc in San Antonio, Texas (TX)

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American Agape Foundation Inc, Agape Waterford Portfolio Inc
Employer Identification Number (EIN)300783184
Name of OrganizationAmerican Agape Foundation Inc
Secondary NameAgape Waterford Portfolio Inc
Address7334 Blanco Road, San Antonio, TX 78216-4991
ActivitiesLow income housing, Described in section 509(a)(2) of the Code
SubsectionCharitable Organization
Ruling Date01/1989
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2014
Assets$10,000,000 to $49,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$23,089,479
Amount of Income$3,205,298
Form 990 Revenue Amount$3,205,298
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Promotion of Business


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Amount of income in 2014: $3,205,298 (it was $1,361,361 in 2013)
This organization: 

 $3,205,298
Other organizations performing similar types of work: 

 $88,861

Assets in 2014: $23,089,479 (it was $23,661,404 in 2013)
American Agape Foundation Inc, Agape Waterford Portfolio Inc: 

 $23,089,479
Other organizations performing similar types of work: 

 $51,691

Expenses in 2013: $1,949,266
This organization: 

 $1,949,266
Other organizations performing similar types of work: 

 $80,127

Income to expenses ratio in 2013: 1.6
American Agape Foundation Inc, Agape Waterford Portfolio Inc: 

 1.6
Other organizations performing similar types of work: 

 0.8

Grants share in income in 2013: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 1.0%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

Checklist
2013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?Yes
Is the organization required to complete Schedule B, Schedule of Contributors?No
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?No
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?No
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?No
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?No
Did the organization report an amount for land, buildings, and equipment?Yes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?No
Did the organization report an amount for investments-program related that is 5% or more of its total assets?No
Did the organization report an amount for other assets that is 5% or more of its total assets?Yes
Did the organization report an amount for other liabilities?Yes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?No
Did the organization obtain separate, independent audited financial statements for the tax year?Yes
Was the organization included in consolidated, independent audited financial statements for the tax year?No
Is the organization a school described in section 170(b)(1)(A)(ii)?No
Did the organization maintain an office, employees, or agents outside of the United States?No
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?No
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?No
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?No
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?No
Did the organization report more than $15,000 total of fundraising event gross income and contributions?No
Did the organization report more than $15,000 of gross income from gaming activities?No
Did the organization operate one or more hospital facilities?No
Did the organization attach a copy of its audited financial statements?No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?No
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?No
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?No
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?Yes
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?No
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?No
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?No
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?No
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?No
A family member of a current or former officer, director, trustee, or key employee?No
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?Yes
Did the organization receive more than $25,000 in non-cash contributions?No
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?No
Did the organization liquidate, terminate, or dissolve and cease operations?No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?No
Was the organization related to any tax-exempt or taxable entity?Yes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?No
Did the organization make any transfers to an exempt non-charitable related organization?No
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?No
Statements Regarding Other IRS Filings and Tax Compliance
2013
The number reported in Box 3 of Form 10960
The number of Forms W-2G0
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?No
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return0
Did the organization file all required federal employment tax returns?No
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Has it filed a Form 990-T for this year?No
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?No
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?No
Did the organization file Form 8886-T?No
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?No
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?No
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?No
Did the organization notify the donor of the value of the goods or services provided?No
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?No
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?No
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?No
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?No
Did the sponsoring organization make any taxable distributions under section 4966?No
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Is the organization filing Form 990 in lieu of Form 1041?No
The amount of tax-exempt interest received or accrued during the year$0
Is the organization licensed to issue qualified health plans in more than one state?No
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0
The amount of reserves on hand$0
Did the organization receive any payments for indoor tanning services during the tax year?No
Has it filed a Form 720 to report these payments?No
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
2013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$0
Total reportable compensation from related organizations$0
Total estimated amount of other compensation from the organization and related organizations$0
Total number of individuals who received more than $100,000 of reportable compensation from the organization0
Total number of independent contractors who received more than $100,000 of compensation from the organization0
Statement of Revenue
2013
Total revenue$1,361,361
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$1,361,183
0$1,361,183
All other program service revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$178
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain/loss from sales of assets other than inventory$0
Net income/loss from fundraising events$0
Net income/loss from gaming activities$0
Net income/loss from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses
2013
Total functional expenses$1,949,266
Grants and other assistance to domestic organizations and domestic governments$0
Grants and other assistance to domestic individuals$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, trustees, and key employees$0
Compensation not included above, to disqualified persons$0
Other salaries and wages$0
Pension plan accruals and contributions$0
Other employee benefits$0
Payroll taxes$0
Fees for services (non-employees)
Management$54,122
Legal$4,476
Accounting$0
Lobbying$0
Professional fundraising services$0
Investment management fees$0
Other$0
Advertising and promotion$0
Office expenses$35,403
Information technology$0
Royalties$0
Occupancy$418,430
Travel$0
Payments of travel or entertainment expenses for any federal, state, or local public officials$0
Conferences, conventions, and meetings$0
Interest$846,674
Payments to affiliates$18,000
Depreciation, depletion, and amortization$237,681
Insurance$110,912
Other expenses$184,391
Other expenses$22,500
Other expenses$7,500
Other expenses$5,027
Other expenses$4,150
Balance Sheet
2013
Total assets$23,661,404
Cash - non-interest-bearing$160,080
Savings and temporary cash investments$0
Pledges and grants receivable, net$0
Accounts receivable, net$282,396
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0
Notes and loans receivable, net$0
Inventories for sale or use$0
Prepaid expenses and deferred charges$111,788
Land, buildings, and equipment: cost or other basis$19,105,420
Investments - publicly traded securities$0
Investments - other securities$0
Investments - program-related$0
Intangible assets$942,255
Other assets$3,059,465
Total liabilities$24,249,309
Accounts payable and accrued expenses$758,259
Grants payable$0
Deferred revenue$0
Tax-exempt bond liabilities$20,935,000
Escrow or custodial account liability$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0
Secured mortgages and notes payable to unrelated third parties$2,139,150
Unsecured notes and loans payable to unrelated third parties$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$416,900
Total net assets or fund balances$-587,905
Unrestricted net assets$-587,905
Temporarily restricted net assets$0
Permanently restricted net assets$0
Capital stock or trust principal, or current funds$0
Paid-in or capital surplus, or land, building, or equipment fund$0
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$1,361,183
Subtotal$1,361,183
Gifts, grants, contributions, and membership fees received$0
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$1,361,183
Gross receipts from activities that are not an unrelated trade or business under section 513$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Less$0
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$1,361,361
Public support$1,361,183
Subtotal$178
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$178
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$0
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Organizations performing similar types of work
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2San Joaquin Valley Winegrowers Association7030 N Fruit Avenue, Fresno, CA 93711-0782CA2008-11$175,202
3441 Heritage Corridor Inc300 North Thomas Street, Athens, GA 30601GA2000-07$56,377
4Independent Association Of Businesses500 N Akard St Ste 2700, Dallas, TX 75201-3306TX2010-12$8,233,717
5San Antonio Board Of Realtors Inc9110 Ih 10 West Ste 1, San Antonio, TX 78230-3121TX1966-01$7,846,843
6Quoin Inc11101 N Stemmons Fwy, Dallas, TX 75229-4530TX2002-10$5,894,770
7Texas Oil And Gas Association Inc304 W 13th St, Austin, TX 78701-1823TX2007-11$5,386,005
8National Society Of Hispanic Mbas Inc1303 Walnut Hill Ln Ste 10, Irving, TX 75038-3030TX2010-03$4,575,062
9Dallas U S Conference Of Mayors Event Host Committee400 South Record Street, Dallas, TX 75202-4806TX2013-12$4,438,490
10Dallas Fort Worth Metropolitan New Car Dealers Association5215 North O Connor Blvd Ste 665, Irving, TX 75039-3713TX2011-09$4,176,276
11Texas Legal Protection Plan Inc7500 Rialto Blvd Bldg One Suite 120, Austin, TX 78735-8533TX2011-08$3,864,380
12Texas Nursery & Landscape Association IncAssociation Inc 7730 S Ih35, Austin, TX 78745TX1954-10$3,403,630
13American Agape Foundation Inc, Agape Waterford Portfolio Inc7334 Blanco Road, San Antonio, TX 78216-4991TX1989-01$3,205,298
14Quality Excellence For Suppliers Of Telecommunications Forum1255 W 15th St Ste 800, Plano, TX 75075-7267TX1999-03$2,721,152
15Aloa Security Professionals Association Inc3500 Easy Street, Dallas, TX 75247TX2014-08$2,714,057
16Texas Deer Association Inc403 E Ramsey Rd Ste 204, San Antonio, TX 78216-4662TX2001-02$2,672,920
17Texas Manufactured Housing Association Inc6850 Austin Center Blvd Ste 325, Austin, TX 78731-3154TX2004-01$2,546,059
18American Agape Foundation Inc, Agape Lake Forest Inc7334 Blanco Rd Ste 200, San Antonio, TX 78216-4933TX1989-01$1,932,466
19Texas Business Hall Of Fame Foundation4550 Post Oak Place Dr Ste 342, Houston, TX 77027-3167TX1983-04$1,570,776
20The General Counsel Forum1601 Elm St Ste 2320, Dallas, TX 75201-4721TX1999-02$1,269,997
Number of organizations performing similar types of work
Alaska94
Alabama235
Arkansas185
Arizona346
California1,926
Colorado437
Connecticut191
District of Columbia411
Delaware63
Florida987
Georgia500
Hawaii127
Iowa226
Idaho137
Illinois781
Indiana331
Kansas211
Kentucky222
Louisiana232
Massachusetts358
Maryland360
Maine108
Michigan504
Minnesota341
Missouri377
Mississippi119
Montana114
North Carolina452
North Dakota65
Nebraska146
New Hampshire92
New Jersey401
New Mexico156
Nevada171
New York967
Ohio640
Oklahoma208
Oregon366
Pennsylvania679
Rhode Island73
South Carolina192
South Dakota91
Tennessee282
Texas1,208
Utah166
Virginia613
Vermont69
Washington451
Wisconsin359
West Virginia109
Wyoming44
International34
Total17,957
20 biggest affiliated organizations
AffiliationNameAddressStateEstablishedTotal Income
SubordinateAmerican Agape Foundation Inc, Agape Irving Housing Inc7334 Blanco Rd Ste 200, San Antonio, TX 78216-4933TX1989-01$22,531,321
SubordinateAmerican Agape Foundation Inc, Agape Ashton Woodstock Inc7334 Blanco Rd Ste 200, San Antonio, TX 78216-4933TX1989-01$12,923,494
SubordinateAmerican Agape Foundation Inc, Jackson County Fndtn For Rtmt & Hsg7334 Blanco Rd Ste 200, San Antonio, TX 78216-4933TX1989-01$3,004,356
SubordinateAmerican Agape Foundation Inc, Agape Leander Housing Inc7334 Blanco Rd Ste 200, San Antonio, TX 78216-4933TX1989-01$2,544,812
SubordinateAmerican Agape Foundation Inc, Agape Round Rock Housing Inc7334 Blanco Rd Ste 200, Sanm Antonio, TX 78216-4933TX1989-01$1,993,892
SubordinateAmerican Agape Foundation Inc, Agape Metro Housing Inc7334 Blanco Rd Ste 200, San Antonio, TX 78216-4933TX1989-01$1,888,253
SubordinateAmerican Agape Foundation Inc, Agape Senior Housing Of Ft Worth In7334 Blanco Road, San Antonio, TX 78216-4991TX1989-01$1,669,299
SubordinateAmerican Agape Foundation Inc, Agape Community Housing Foundation7334 Blanco Rd Ste 200, San Antonio, TX 78216-4933TX1989-01$19,621
CentralAmerican Agape Foundation Inc7334 Blanco Rd Ste 200, San Antonio, TX 78216-4933TX1989-01$2,596,056
SubordinateAmerican Agape Foundation Inc, Agape Colinas Inc7334 Blanco Road, San Antonio, TX 78216-4991TX1989-01$6,232,792
SubordinateAmerican Agape Foundation Inc, Agape Waterford Portfolio Inc7334 Blanco Road, San Antonio, TX 78216-4991TX1989-01$3,205,298
SubordinateAmerican Agape Foundation Inc, Agape Iona Lakes Inc15000 Iona Lakes Dr, Fort Myers, FL 33908-6800FL1989-01$2,644,686
SubordinateAaf - Vantage At Judson Inc7334 Blanco Road Room/Suite 200, San Antonio, TX 78216TX1989-01$2,003,054
SubordinateAmerican Agape Foundation Inc, Agape Lake Forest Inc7334 Blanco Rd Ste 200, San Antonio, TX 78216-4933TX1989-01$1,932,466
SubordinateAmerican Agape Foundation Inc, Agape Northwest Housing Inc7334 Blanco Rd Ste 200, San Antonio, TX 78216-4933TX1989-01$1,878,729
SubordinateAmerican Agape Foundation Inc, Agape Calcasieu Inc7334 Blanco Rd Ste 200, San Antonio, TX 78216-4933TX1989-01$1,542,903
SubordinateAmerican Agape Foundation Inc, Agape Central Texas Properties Inc7334 Blanco Road, San Antonio, TX 78216-4991TX1989-01$1,464,495
SubordinateAmerican Agape Foundation Inc, Agape Beauvoir Manor Inc7334 Blanco Rd Ste 200, San Antonio, TX 78216-4933TX1989-01$1,063,408
SubordinateAmerican Agape Foundation Inc, Agape Community Development Inc7334 Blanco Road, San Antonio, TX 78216-4991TX1989-01$747,702
SubordinateAmerican Agape Foundation Inc, Agape Uvalde Properties Inc7334 Blanco Road, San Antonio, TX 78216-4991TX1989-01$514,923
Number of affiliated organizations
Florida1
Texas50
Total51

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