Agape Homes CDC FY2021 filing

Tax-deductible

Houston, TX501(c)(3)HousingEIN 46-2978748

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To provide families in the community an affordable option for home ownership.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
2 of 4
filings with a surplus
Average surplus $908K a year · 21% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
37 mo
of spending, in cash
Looks good: 37.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$52K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
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
$2.7M
Spent
$36K
To programs
91%
Net assets
$2.7M
By yearFY2021–FY2025
Revenue
$2.7M
FY2021
Revenue by fiscal year
FY2021$2.7M
FY2022$3.9M
FY2024$5.6M
FY2025$5.2M
Expenses
$36K
FY2021
Expenses by fiscal year
FY2021$36K
FY2022$1.6M
FY2024$5.9M
FY2025$6.3M
Net assets
$2.7M
FY2021
Net assets by fiscal year
FY2021$2.7M
FY2022$5.0M
FY2024$6.4M
FY2025$3.8M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2014.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $33K Management & general 9% · $3K

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

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Peter Freedman’s $10K as Secretary is at the 1st percentile of top reported officer pay among 2037 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2022
Peter Freedman$10,245$70,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Agape Homes CDC executive salaries →

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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

Helps families achieve affordable homeownership.

Provided by the organization

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1 program · $33K · in their own filed words · FY2021
01

Agape homes CDC will build new homes on empty lots causing zero displacement while increasing the owner occupancy rate in the neighborhood. These homes will range from an 839 SQ. FT. 2 bedroom 1 bath home to a 1431 SQ. FT. 3 bedroom 2.5 bath home.

$33Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 1 funder$10K
Grants paid · 3 grants · $2.0M · 2022–2023
Agape Development MinistriesTX · FY2023$1,562,113
Individual RecipientFY2023$175,490
Individual RecipientFY2022$289,671

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Gifts and grantsLn 1h$2.7M
Fees for servicesLn 2g$4K
Money outPt IX
$36K
Ln 25
Programscol B$33K
Managementcol C$3K
Owns and owesPt X
$2.7M
net assets · Ln 32
Cash and savingsLn 1–2$112K
Total assetsLn 16$2.7M
LiabilitiesLn 26$52K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.7M
Noncash giftsLn 1g$2.2M
Fees for servicesLn 2g$4K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$112K
Cash and savings togetherLn 1–2$112K
Land, buildings, equipmentLn 10c$106K
Other assetsLn 15$2.5M
Total assetsLn 16$2.7M
LiabilitiesLn 26$52K
Net assetsLn 32$2.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$112K
Land, buildings, equipmentLn 10c$106K
Total assetsLn 16$0$2.7M
LiabilitiesLn 26$0$52K
Net assetsLn 32$0$2.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$139$139
Other fees for servicesLn 11g$19K$18K$1K
Office expensesLn 13$2K$2K
OccupancyLn 16$4K$4K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$9K$9K
Total functional expensesLn 25$36K$33K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $5.2M$6.3M−$1.0M$3.8M 990 PDF
FY2024 $5.6M$5.9M−$305K$6.4M 990 PDF
FY2023 Not on file
FY2022 $3.9M$1.6M$2.3M$5.0M 990 PDF
FY2021 Viewing $2.7M$36K$2.7M$2.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $2,713,134 across 5 lines filed
VIII-1d Related organizations$2,709,502
VIII-1g Noncash contributions (included above)$2,178,015
VIII-1h Total contributions, gifts and grants$2,709,502
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,632$3,632
VIII-12 Total revenueRelated to mission $3,632$2,713,134
Part IX · Statement of functional expenses $36,038 across 6 lines filed
IX-11b Legal feesManagement $139$139
IX-11g Other fees for servicesPrograms $17,989 · Management $1,032$19,021
IX-13 Office expensesManagement $1,957$1,957
IX-16 OccupancyPrograms $4,249$4,249
IX-22 Depreciation, depletion and amortizationPrograms $2,006$2,006
IX-23 InsurancePrograms $8,666$8,666
IX-25 Total functional expensesPrograms $32,910 · Management $3,128 · Fundraising $0$36,038
Part X · Balance sheet $2,728,856 assets, 10 lines filed
X-1 Cash, non-interest-bearing$111,781
X-10c Land, buildings and equipment, net$106,053
X-15 Other assets$2,511,022
X-16 Total assetsStart of year $0$2,728,856
X-17 Accounts payable and accrued expenses$18,056
X-25 Other liabilities$33,704
X-26 Total liabilitiesStart of year $0$51,760
X-27 Net assets without donor restrictions$2,677,096
X-32 Total net assets or fund balancesStart of year $0$2,677,096
X-33 Total liabilities and net assetsStart of year $0$2,728,856
Part XI · Reconciliation of net assets $2,677,096 net assets at year end
XI-1 Total revenue$2,713,134
XI-2 Total expenses$36,038
XI-3 Revenue less expenses$2,677,096
XI-10 Net assets at end of year$2,677,096

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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