Civic Intelligence

Agape Homes CDC

990 • Fiscal year 2021 • EIN 46-2978748

Jan 01, 2021 to Dec 31, 2021 • Filed on May 20, 2022

Organization ProfileWWW.AGAPEDEVELOPMENT.ORG
6504 CalhounHouston, TX 77021

(713) 893-4490

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

35th percentile

0.02x

Higher debt load relative to assets than 35% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

30th percentile

0.02x

Higher debt load relative to revenue than 30% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

99th percentile

99%

Higher net margin than 99% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

68th percentile

$95,000

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Balance Sheet
Liabilities / Assets35th percentile

Assets

$2,728,856

No earlier filing loaded for comparison.

Net Assets

$2,677,096

No earlier filing loaded for comparison.

Liabilities

$51,760

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue30th percentileNet Margin99th percentile

Revenue

$2,713,134

No earlier filing loaded for comparison.

Expenses

$36,038

No earlier filing loaded for comparison.

Net Income

$2,677,096

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2021: $2,728,856Liabilities 2021: $51,760Net Assets 2021: $2,677,0962021Assets 2022: $5,439,301Liabilities 2022: $475,289Net Assets 2022: $4,964,0122022Assets 2023: $6,221,172Liabilities 2023: $741,985Net Assets 2023: $5,479,1872023Assets 2024: $9,009,496Liabilities 2024: $2,635,930Net Assets 2024: $6,373,5662024Assets 2025: $8,693,554Liabilities 2025: $4,915,700Net Assets 2025: $3,777,8542025

Highlighted filing

2021

Assets$2,728,856
Liabilities$51,760
Net Assets$2,677,096
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2021: $2,713,134Expenses 2021: $36,038Net Income 2021: $2,677,0962021Revenue 2022: $3,855,724Expenses 2022: $1,573,823Net Income 2022: $2,281,9012022Revenue 2023: $1,547,787Expenses 2023: $932,092Net Income 2023: $615,6952023Revenue 2024: $5,592,642Expenses 2024: $5,897,325Net Income 2024: -$304,6832024Revenue 2025: $5,241,114Expenses 2025: $6,262,938Net Income 2025: -$1,021,8242025

Highlighted filing

2021

Revenue$2,713,134
Expenses$36,038
Net Income$2,677,096
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 20, 2022
Return Version
2021v4.0
Gross Receipts
$2,713,134
Mission and Program Overview

Mission

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

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$111,781-
Land, Buildings, and Equipment, Net-$106,053-
Total Assets$0$2,728,856▲ $2,728,856
Other Assets Total-$2,511,022-
Liabilities
Other Liabilities-$33,704-
Accounts Payable and Accrued Expenses-$18,056-
Total Liabilities$0$51,760▲ $51,760
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$2,677,096-
Total Net Assets Fund Balance$0$2,677,096▲ $2,677,096
Total Liabilities and Net Assets / Fund Balance$0$2,728,856▲ $2,728,856

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$41,732$59,430$101,162
Land$64,321-$64,321
Other Assets Org$15,197--
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Kirk CraigPresidentPT$95,000$95,000
Peter FreedmanSecretaryFT$66,877$66,877

Board Members and Trustees

NameTitle
Carter BechtolTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,709,502
Program Service Revenue
$3,632
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$2,677,096

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Real Estate Residential1$2,178,015
Total Noncash Contributions1$2,178,015
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$36,038
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$17,989$1,032-$19,021
Insurance$8,666--$8,666
Occupancy$4,249--$4,249
Depreciation Depletion$2,006--$2,006
Office Expenses-$1,957-$1,957
Fees for Services Legal-$139-$139
Total Functional Expenses$32,910$3,128$0$36,038
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Construction Fees$33,704
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Electronic copy of the 990 is provided to the board prior to filing with the irs with ample time to review and submit any necessary changes.”

Form 990, Page 6, Part VI, Line 12C

“The policy is reviewed by the board annually.”

Form 990, Page 6, Part VI, Line 19

“Copies available upon request.”

Filing and Contact Details

Filer

Filer Name
Agape Homes Cdc
EIN
46-2978748
Phone
7138934490
Address
6504 CALHOUN, HOUSTON, TX 77021

Signing Officer

Name
Kirk Craig
Title
President
Phone
7138934490
Signed
2022-05-20

Organization Details

Principal Officer
Kirk Craig
Formed
2013
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
10

Preparer

Firm
Ralph & Ralph Pc
Address
PO BOX 701129, HOUSTON, TX 77270
Preparer
Gregory P Ralph
Phone
7136234514
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 2

“The organization commenced formal operations and began construction of the first group of homes for sale.”

Form 990, Page 2, Part III, Line 4A

“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. All the homes were designed through a community charrette with 10 neighborhood families, 1 lead and 12 support architects over an 8-month period. The families involved wanted stand alone homes with an open concept that could handle large family gatherings. All these homes have engineered drawings and are ready for construction. Agape homes will build 75 new, community-designed homes that are safe, affordable, attractive and energy efficient. We aim to serve families below 80% ami by offering homes at reduced cost. All the houses will fit the current and historical architecture of the greater ost/south union neighborhood. This cdc was created to give the families in the community an affordable option for home ownership. The agape homes affordable program continues to explore the best way to achieve low monthly mortgage amounts that are consistent with current rent levels for an equivalent apartment. We believe if you can afford to rent, you can afford to own. Our mission is to turn renters in the neighborhood into owners”

Form 990, Part IX, Line 11G

“Consulting 0 707 0 security 0 325 0 development costs 17,989 0 0 total 17,989 1,032 0”

Raw XML Appendix323 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION COMMENCED FORMAL OPERATIONS AND BEGAN CONSTRUCTION OF THE FIRST GROUP OF HOMES FOR SALE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AGAPE 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. ALL THE HOMES WERE DESIGNED THROUGH A COMMUNITY CHARRETTE WITH 10 NEIGHBORHOOD FAMILIES, 1 LEAD AND 12 SUPPORT ARCHITECTS OVER AN 8-MONTH PERIOD. THE FAMILIES INVOLVED WANTED STAND ALONE HOMES WITH AN OPEN CONCEPT THAT COULD HANDLE LARGE FAMILY GATHERINGS. ALL THESE HOMES HAVE ENGINEERED DRAWINGS AND ARE READY FOR CONSTRUCTION. AGAPE HOMES WILL BUILD 75 NEW, COMMUNITY-DESIGNED HOMES THAT ARE SAFE, AFFORDABLE, ATTRACTIVE AND ENERGY EFFICIENT. WE AIM TO SERVE FAMILIES BELOW 80% AMI BY OFFERING HOMES AT REDUCED COST. ALL THE HOUSES WILL FIT THE CURRENT AND HISTORICAL ARCHITECTURE OF THE GREATER OST/SOUTH UNION NEIGHBORHOOD. THIS CDC WAS CREATED TO GIVE THE FAMILIES IN THE COMMUNITY AN AFFORDABLE OPTION FOR HOME OWNERSHIP. THE AGAPE HOMES AFFORDABLE PROGRAM CONTINUES TO EXPLORE THE BEST WAY TO ACHIEVE LOW MONTHLY MORTGAGE AMOUNTS THAT ARE CONSISTENT WITH CURRENT RENT LEVELS FOR AN EQUIVALENT APARTMENT. WE BELIEVE IF YOU CAN AFFORD TO RENT, YOU CAN AFFORD TO OWN. OUR MISSION IS TO TURN RENTERS IN THE NEIGHBORHOOD INTO OWNERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ELECTRONIC COPY OF THE 990 IS PROVIDED TO THE BOARD PRIOR TO FILING WITH THE IRS WITH AMPLE TIME TO REVIEW AND SUBMIT ANY NECESSARY CHANGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE POLICY IS REVIEWED BY THE BOARD ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COPIES AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONSULTING 0 707 0 SECURITY 0 325 0 DEVELOPMENT COSTS 17,989 0 0 TOTAL 17,989 1,032 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 2
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0true
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
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IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.AGAPEDEVELOPMENT.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0KIRK CRAIG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07138934490
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AGAPE HOMES CDC
ReturnHeader/Filer/BusinessNameControlTxt0AGAP
ReturnHeader/Filer/EIN0462978748
ReturnHeader/Filer/PhoneNum07138934490
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HOUSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077270
ReturnHeader/PreparerPersonGrp/PhoneNum07136234514
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GREGORY P RALPH
ReturnHeader/ReturnTs02022-05-24T11:40:50-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KIRK
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CRAIG
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,728,856
Liabilities
$51,760
Net assets
$2,677,096
Revenue
$2,713,134
Expenses
$36,038
Net income
$2,677,096
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$8.69$4.92$3.78$5.24$6.26$1.02
2024Detailed filing. Detailed filing data is available for this year.$9.01$2.64$6.37$5.59$5.90$0.30
2023Detailed filing. Detailed filing data is available for this year.$6.22$0.74$5.48$1.55$0.93$0.62
2022Detailed filing. Detailed filing data is available for this year.$5.44$0.48$4.96$3.86$1.57$2.28
2021Detailed filing. Detailed filing data is available for this year.$2.73$0.05$2.68$2.71$0.04$2.68