Agape Las Palmas INC

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Provide low-income housing to individuals and families at an apartment project consisting of 50 units located in mcallen, texas.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $36K a year · 5% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $77K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.6M
93% of total assets
Concern: liabilities are 93% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$673K
-7% vs prior year
Spent
$1.1M
To programs
96%
Net assets
$260K
By yearFY2021–FY2025
Revenue
$673K
FY2025▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2021$627K
FY2022$725K
FY2023$1.0M
FY2024$724K
FY2025$673K
Expenses
$1.1M
FY2025▲ +66%
Tap a bar for its year
Expenses by fiscal year
FY2021$536K
FY2022$598K
FY2023$684K
FY2024$660K
FY2025$1.1M
Net assets
$260K
FY2025▼ -62%
Tap a bar for its year
Net assets by fiscal year
FY2021$170K
FY2022$297K
FY2023$622K
FY2024$685K
FY2025$260K

From the FY2025 Form 990 (year ending August 2025) · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1989.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $1.1M Management & general 4% · $43K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Agape Las Palmas INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers affordable apartments to low-income individuals and families.

Questions for Agape Las Palmas INC

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1 program · $1.1M · in their own filed words · FY2024
01

Provide low-income housing to individuals and families at an apartment project consisting of 50 units located in mcallen, texas.

$1.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$77K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$673K
Ln 12
Fees for servicesLn 2g$644K
Investment incomeLn 3$29K
Money outPt IX
$1.1M
Ln 25
Programscol B$1.1M
Managementcol C$43K
Owns and owesPt X
$260K
net assets · Ln 32
Cash and savingsLn 1–2$26K
Total assetsLn 16$3.8M
LiabilitiesLn 26$3.6M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$644K
Investment incomeLn 3$29K
Total revenueLn 12$673K
Assets in detailPt X, end of year
CashLn 1$18K
SavingsLn 2$8K
Cash and savings togetherLn 1–2$26K
Land, buildings, equipmentLn 10c$2.9M
Other assetsLn 15$457K
Total assetsLn 16$3.8M
LiabilitiesLn 26$3.6M
Net assetsLn 32$260K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$3.3M
Bond issues listedSch K Pt I1
Raised by those issuesSch K Pt I$3.5M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$19K$26K
Land, buildings, equipmentLn 10c$3.0M$2.9M
Total assetsLn 16$4.2M$3.8M
LiabilitiesLn 26$3.5M$3.6M
Net assetsLn 32$685K$260K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$26K$26K
Accounting feesLn 11c$17K$17K
Advertising and promotionLn 12$284$284
Office expensesLn 13$20K$20K
OccupancyLn 16$142K$142K
InterestLn 20$150K$150K
Payments to affiliatesLn 21$394K$394K
Depreciation, depletion and amortizationLn 22$100K$100K
InsuranceLn 23$73K$73K
Other expenses (24a–d)Ln 24$171K$171K
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$1.1M$1.1M$43K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Dec 1, 2025 $673K$1.1M−$425K$260K 990 PDF
FY2024Filed with the IRS Feb 11, 2025 $724K$660K$63K$685K 990 PDF
FY2023Filed with the IRS Dec 14, 2023 $1.0M$684K$325K$622K 990 PDF
FY2022Filed with the IRS Dec 9, 2022 $725K$598K$127K$297K 990 PDF
FY2021Filed with the IRS Dec 23, 2021 $627K$536K$91K$170K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $672,785 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $119,862$0
I-9 Program service revenuePrior year $572,420$644,245
I-10 Investment incomePrior year $31,334$28,540
I-11 Other revenue$0
I-12 Total revenuePrior year $723,616$672,785
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $660,326$1,097,878
I-18 Total expensesPrior year $660,326$1,097,878
I-19 Revenue less expensesPrior year $63,290−$425,093
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $672,785 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $644,245$644,245
VIII-3 Investment incomeExcluded from tax $28,540$28,540
VIII-12 Total revenueRelated to mission $644,245 · Excluded from tax $28,540$672,785
Part IX · Statement of functional expenses $1,097,878 across 11 lines filed
IX-11a Management feesManagement $26,236$26,236
IX-11c Accounting feesManagement $17,162$17,162
IX-12 Advertising and promotionPrograms $284$284
IX-13 Office expensesPrograms $20,442$20,442
IX-16 OccupancyPrograms $141,560$141,560
IX-20 InterestPrograms $149,683$149,683
IX-21 Payments to affiliatesPrograms $394,348$394,348
IX-22 Depreciation, depletion and amortizationPrograms $100,136$100,136
IX-23 InsurancePrograms $72,680$72,680
IX-24 Other expenses (24a–d)Programs $171,124$171,124
IX-24e All other expensesPrograms $4,223$4,223
IX-25 Total functional expensesPrograms $1,054,480 · Management $43,398 · Fundraising $0$1,097,878
Part X · Balance sheet $3,825,519 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $11,857$17,934
X-2 Savings and temporary cash investmentsStart of year $7,208$7,788
X-4 Accounts receivableStart of year $5,186$28,319
X-9 Prepaid expenses and deferred chargesStart of year $54,389$69,692
X-10c Land, buildings and equipment, netStart of year $3,020,971$2,940,276
X-14 Intangible assetsStart of year $314,775$304,282
X-15 Other assetsStart of year $804,633$457,228
X-16 Total assetsStart of year $4,219,019$3,825,519
X-17 Accounts payable and accrued expensesStart of year $174,476$253,884
X-19 Deferred revenueStart of year $563$2,055
X-20 Tax-exempt bond liabilitiesStart of year $3,351,920$3,302,110
X-25 Other liabilitiesStart of year $7,084$7,587
X-26 Total liabilitiesStart of year $3,534,043$3,565,636
X-27 Net assets without donor restrictionsStart of year $684,976$259,883
X-32 Total net assets or fund balancesStart of year $684,976$259,883
X-33 Total liabilities and net assetsStart of year $4,219,019$3,825,519
Part XI · Reconciliation of net assets $259,883 net assets at year end
XI-1 Total revenue$672,785
XI-2 Total expenses$1,097,878
XI-3 Revenue less expenses−$425,093
XI-4 Net assets at start of year$684,976
XI-10 Net assets at end of year$259,883

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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