Civic Intelligence

Agape Lake Forest Inc

EIN 46-0913157 • 501(c)3 • San Antonio, TX

Profile

Agape lake forest, inc has been formed for the exempt purpose of owning and operating affordable housing for low and moderate income individuals and families.

7334 Blanco Road No 200San Antonio, TX 78216

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2018

Liabilities / Revenue

5th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

95th percentile

76%

Higher net margin than 95% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

99th percentile

563%

Faster revenue growth than 99% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Assets

Down

$0

Down $7,185,612 (-100%) from 2017

Liabilities

Down

$0

Down $19,390,999 (-100%) from 2017

Net Assets

Up

$0

Up $12,205,387 (+100%) from 2017

Revenue

Up

$15,700,858

Up $13,333,605 (+563%) from 2017

Expenses

Up

$3,742,172

Up $893,686 (+31%) from 2017

Net Income

Up

$11,958,686

Up $12,439,919 (+2585%) from 2017

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$10M$0-$10M-$20MAssets 2012: $16,606,317Liabilities 2012: $16,985,853Net Assets 2012: -$379,5362012Assets 2013: $8,429,897Liabilities 2013: $17,600,845Net Assets 2013: -$9,170,9482013Assets 2014: $8,052,687Liabilities 2014: $18,058,412Net Assets 2014: -$10,005,7252014Assets 2015: $7,749,773Liabilities 2015: $18,511,188Net Assets 2015: -$10,761,4152015Assets 2016: $7,290,089Liabilities 2016: $18,703,690Net Assets 2016: -$11,413,6012016Assets 2017: $7,185,612Liabilities 2017: $19,390,999Net Assets 2017: -$12,205,3872017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2018

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MRevenue 2012: $661,558Expenses 2012: $984,205Net Income 2012: -$322,6472012Revenue 2013: $1,908,544Expenses 2013: $2,424,146Net Income 2013: -$515,6022013Revenue 2014: $2,060,316Expenses 2014: $2,582,185Net Income 2014: -$521,8692014Revenue 2015: $2,262,643Expenses 2015: $2,677,149Net Income 2015: -$414,5062015Revenue 2016: $2,339,753Expenses 2016: $2,685,417Net Income 2016: -$345,6642016Revenue 2017: $2,367,253Expenses 2017: $2,848,486Net Income 2017: -$481,2332017Revenue 2018: $15,700,858Expenses 2018: $3,742,172Net Income 2018: $11,958,6862018

Highlighted filing

2018

Revenue$15,700,858
Expenses$3,742,172
Net Income$11,958,686

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Sep 12, 2019
Return Version
2018v3.1
Gross Receipts
$25,460,136
Mission and Program Overview

Mission

Agape lake forest, inc has been formed for the exempt purpose of owning and operating affordable housing for low and moderate income individuals and families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,591,200$0▼ $6,591,200
Investments Other Securities$222,232$0▼ $222,232
Savings and Temporary Cash Investments$111,510$0▼ $111,510
Cash and Non-Interest-Bearing Accounts$100,743$0▼ $100,743
Prepaid Expenses and Deferred Charges$85,745$0▼ $85,745
Accounts Receivable$7,427$0▼ $7,427
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$7,185,612$0▼ $7,185,612
Other Assets Total$66,755$0▼ $66,755
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,505,000$0▼ $8,505,000
Other Liabilities$6,006,731$0▼ $6,006,731
Unsecured Notes Loans Payable$4,847,110$0▼ $4,847,110
Accounts Payable and Accrued Expenses$32,158$0▼ $32,158
Total Liabilities$19,390,999$0▼ $19,390,999
Net Assets / Fund Balance
Unrestricted Net Assets$-12,205,387$0▲ $12,205,387
Total Net Assets Fund Balance$-12,205,387$0▲ $12,205,387
Total Liabilities and Net Assets / Fund Balance$7,185,612$0▼ $7,185,612
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michael R GoodwinPresident
Ricky MoralesSecretary/treasurer
Joanne L WoodburyXcbdf
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,908,666
Investment Income
$13,792,192
Other Revenue
$0
Change in Net Assets
$11,958,686
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,535,242
Salaries, Compensation, and Employee Benefits$206,930
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$2,499,925--$2,499,925
Depreciation Depletion$286,918--$286,918
Other Salaries and Wages$176,691--$176,691
Fees for Services Other$163,534--$163,534
Insurance$157,457--$157,457
Fees for Services Management-$95,944-$95,944
Occupancy$69,834--$69,834
All Other Expenses$53,184--$53,184
Other Expenses$33,872--$33,872
Advertising$21,471--$21,471
Other Employee Benefits$16,439--$16,439
Payroll Taxes$13,198--$13,198
Fees for Services Accounting-$7,028-$7,028
Office Expenses$4,339--$4,339
Pension Plan Contributions$602--$602
Total Functional Expenses$3,639,200$102,972$0$3,742,172
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Explanation: agape lake forest, inc. Has entered into an asset management agreement with its affiliate, american agape foundation (aaf).

Form 990, Part VI, Section A, Line 7B

Explanation: agape lake forest, inc. Will obtain prior written approval from america first property management company prior to undertaking any of the following actions as owner of the project: amend terms of property management agreement enter into credit or debt agreements with any third party encumber the property

Form 990, Part VI, Section B, Line 11B

Explanation: all information is available upon request by contacting: agape lake forest, inc. 7334 blanco road, suite 200 san antonio, tx 78216

Form 990, Part VI, Section B, Line 11B

Explanation: the company provides the return to the governing body for review and authorization.

Form 990, Part VI, Section C, Line 19

Explanation: available upon request.

Filing and Contact Details

Filer

Filer Name
Agape Lake Forest Inc
EIN
46-0913157
Phone
4024441630
Address
7334 BLANCO ROAD NO 200, SAN ANTONIO, TX 78216
Doing Business As
Lake Forest

Signing Officer

Name
Michael R Goodwin
Title
President
Phone
4024441630
Signed
2019-09-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael R Goodwin
Formed
2012
Legal Domicile
Fl
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
0

Preparer

Firm
Frankel Zacharia LLC
Address
11404 WEST DODGE RD SUITE 700, OMAHA, NE 68154-2576
Preparer
Cindy Brenneman
Phone
4024969100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Prepaid insurance book/tax difference 85,745. Depreciation book/tax difference -86,807. Amortization book/tax difference 8,626. Prepaid rent book/tax difference 20,198. Gain on disposal of fixed assets book/tax difference 2,905,813. Contingency interest book/tax difference -2,609,990. Distributions -76,884.

Financial Statement Notes

PART X, LINE 2:

Explanation: the company received a determination letter from the internal revenue service ("irs") to be treated as a tax-exempt entity pursuant to section 501(c)3 of the internal revenue code and very small amount of unrelated business income for the year ended december 31, 2016. Due to its tax-exempt status, the company is not subject to income taxes. The company is required to file and does file information returns with the irs. Management has determined that the company does not have any uncertain tax positions for any open informational returns. While no informational returns are currently being examined by the irs, tax years since 2014 (third year) remain open.

Raw XML AppendixShowing 400 of 649 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleN/AttorneyGeneralNotifiedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessor2Ind00
IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0LOW INCOME HOUSING APARTMENT COMPLEX'S AND HOUSEHOLD FURNISHINGS
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt0LJC LAKE FOREST AND JADE PARK LLC
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02018-09-25
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt023550000
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt0LLC
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0SURVEY OF THE PROPERTY
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt0100 BRICKELL AVENUE SUITE 215
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0MIAMI
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0FL
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd033131
IRS990ScheduleN/EmployeeOfSuccessor2Ind00
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/OwnerOfSuccessor2Ind00
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensation2Ind00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPLANATION: AGAPE LAKE FOREST, INC. HAS ENTERED INTO AN ASSET MANAGEMENT AGREEMENT WITH ITS AFFILIATE, AMERICAN AGAPE FOUNDATION (AAF).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPLANATION: AGAPE LAKE FOREST, INC. WILL OBTAIN PRIOR WRITTEN APPROVAL FROM AMERICA FIRST PROPERTY MANAGEMENT COMPANY PRIOR TO UNDERTAKING ANY OF THE FOLLOWING ACTIONS AS OWNER OF THE PROJECT: AMEND TERMS OF PROPERTY MANAGEMENT AGREEMENT ENTER INTO CREDIT OR DEBT AGREEMENTS WITH ANY THIRD PARTY ENCUMBER THE PROPERTY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXPLANATION: ALL INFORMATION IS AVAILABLE UPON REQUEST BY CONTACTING: AGAPE LAKE FOREST, INC. 7334 BLANCO ROAD, SUITE 200 SAN ANTONIO, TX 78216
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EXPLANATION: THE COMPANY PROVIDES THE RETURN TO THE GOVERNING BODY FOR REVIEW AND AUTHORIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EXPLANATION: AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PREPAID INSURANCE BOOK/TAX DIFFERENCE 85,745. DEPRECIATION BOOK/TAX DIFFERENCE -86,807. AMORTIZATION BOOK/TAX DIFFERENCE 8,626. PREPAID RENT BOOK/TAX DIFFERENCE 20,198. GAIN ON DISPOSAL OF FIXED ASSETS BOOK/TAX DIFFERENCE 2,905,813. CONTINGENCY INTEREST BOOK/TAX DIFFERENCE -2,609,990. DISTRIBUTIONS -76,884.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd40
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd50
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd60
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd70
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd80
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd90
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd110
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd120
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd140
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd150
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd160
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd170
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd180
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd190
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd200
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd210
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0AMERICAN AGAPE FOUNDATION INC - PARENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1AGAPE RAYMONDVILLE PROPERTIES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2AGAPE UVALDE PROPERTIEST INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3AGAPE CENTRAL TEXAS PROPERTIES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4AGAPE COSTA BISCAYA GP INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5AGAPE COSTA CADIZ GP INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt6AGAPE RESERVE PARTNERS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt7AGAPE HERITAGE SQUARE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt8AGAPE PERRIN SQUARE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt9AGAPE PARK LAKE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt10AGAPE COLINAS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt11AAF VANTAGE AT JUDSON INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt12AGAPE BEAUVOIR MANOR INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt13AGAPE HIMBOLA MANOR INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt14AGAPE LAKE FOREST INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt15AGAPE CANAAN TOWERS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt16AGAPE WATERFORD INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt17AGAPE GULFGATE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt18AGAPE WILLIAMCREST INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt19AGAPE MEADOWCREEK INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt20AGAPE BERRENDO-LAUREL INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt21AGAPE SENIOR HOUSING OF FORT WORTH INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0752249332
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1742636695
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN12460668148
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN13352545540
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN14460913157
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN15320478583
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN16300783184
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN19371804350
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN20383978338
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN21742979817
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt19501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt20501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt21501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd3TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd4TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd5TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd6TX

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