Agape Homes CDC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

Phone

7136581001

Tax Period

2024-06-01 to 2025-05-31

Agape Homes CDC, founded in 2013, is a community nonprofit in the Housing & Shelter sector that reported $5.2M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $6.3M exceeded revenue, resulting in a 19% operating deficit.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

Agape Homes CDC will build new homes on empty lots causing zero displacement while increasing the owner occupancy rate in the neighborhood. 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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $495,700

Program Service Revenue $4,737,617

Investment Income $7,797

Other Revenue $0

TOTAL REVENUE $5,241,114

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $6,262,938

TOTAL EXPENSES $6,262,938

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,241,114	$5,592,642	-0.1%
Expenses	$6,262,938	$5,897,325	+0.1%
Net Income	$-1,021,824	$-304,683	+2.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICHOLAS K CRAIG	President	5.00	Officer	$0	$0	$0
PETER FREEDMAN	Secretary	40.00	Officer	$0	$0	$0
CARTER BECHTOL	Treasurer	2.00	Officer Director	$0	$0	$0
MIKE MOODY	Board Member	2.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$5,241,114	$6,262,938	$8,693,554	$-1,021,824
2024	$5,592,642	$5,897,325	$9,009,496	$-304,683
2023	$1,547,787	$932,092	$6,221,172	$615,695
2022	$3,855,724	$1,573,823	$5,439,301	$2,281,901
2021	$2,713,134	$36,038	$2,728,856	$2,677,096