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Nonprofiteer
← SPINDLETOP HOUSING CORPORATION

Form 990 for tax year 2022

Filed by SPINDLETOP HOUSING CORPORATION.

Totals

Total revenue
$109,793
Total expenses
$181,369
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$107,626
Investment income
$679
Other revenue
$1,488
Total assets, end of year
$2,151,972
Total liabilities, end of year
$423,086
Net assets or fund balances, end of year
$1,728,886
Program services expenses (Part IX)
$154,910
Management and general expenses
$26,459
Fundraising expenses
$0
Program service expenses (Part III)
$154,910

Program services were 85.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RENT - LOW-INCOME HOUS

    total $107,626 · related or exempt $107,626

  • 3 · Investment income

    total $679 · excluded $679

  • 11a · Other revenue: LAUNDRY/MISC

    total $1,488 · related or exempt $1,488

  • 11e · Other revenue, total

    $1,488

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $6,120 · management and general $6,120

  • 11c · Fees: accounting

    total $13,600 · management and general $13,600

  • 12 · Advertising and promotion

    total $30 · management and general $30

  • 16 · Occupancy

    total $62,755 · program services $62,755

  • 20 · Interest

    total $3,971 · program services $3,971

  • 22 · Depreciation, depletion and amortization

    total $69,761 · program services $69,761

  • 23 · Insurance

    total $23,711 · program services $18,423 · management and general $5,288

  • 24a · Other expenses: DATA PROCESSING

    total $1,421 · management and general $1,421

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $57,303 · end of year $47,924

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,757 · end of year $16,412

  • 10a · Land, buildings and equipment: cost or other basis

    $2,561,630

  • 10b · Land, buildings and equipment: accumulated depreciation

    $514,691

  • 10c · Land, buildings and equipment, net

    beginning of year $2,116,700 · end of year $2,046,939

  • 15 · Other assets

    beginning of year $43,940 · end of year $40,697

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,495 · end of year $29,386

  • 25 · Other liabilities

    beginning of year $405,743 · end of year $393,700

  • 27 · Net assets without donor restrictions

    beginning of year $1,800,462 · end of year $1,728,886

Mission and programs · 2022

Mission

OPERATE A DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) PROJECT CONSISTING OF 15 APARTMENTS FOR LOW-INCOME INDIVIDUALS WITH MENTAL HEALTH DISABILITIES.

  • OPERATE A DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) PROJECT CONSISTING OF 15 APARTMENTS FOR LOW-INCOME INDIVIDUALS WITH MENTAL HEALTH DISABILITIES.

    Expenses $154,910 · Revenue $109,114

As filed on the 2022 return.

Listed in Part VII

  • Frank Coffin

    CHAIR

    Total calculated
    $0
    Hours/week
    0.08 + 1 related

  • Kim Redmon

    DIRECTOR

    Total calculated
    $65,011
    From this org
    $0
    From related orgs
    $50,973
    Other
    $14,038
    Hours/week
    0.08 + 40 related

  • Robin Meek

    DIRECTOR

    Total calculated
    $110,496
    From this org
    $0
    From related orgs
    $91,552
    Other
    $18,944
    Hours/week
    0.08 + 40 related

  • Lisa Gibbs

    DIRECTOR

    Total calculated
    $197,886
    From this org
    $0
    From related orgs
    $165,929
    Other
    $31,957
    Hours/week
    0.08 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $165,429 related
    Bonus
    $0 + $500 related
    Other
    $0
    Deferred
    $0 + $17,545 related
    Nontaxable benefits
    $0 + $14,412 related
    Filer's total
    $0 + $197,886 related

  • Holly Borel

    DIRECTOR

    Total calculated
    $295,633
    From this org
    $0
    From related orgs
    $253,772
    Other
    $41,861
    Hours/week
    0.08 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $253,272 related
    Bonus
    $0 + $500 related
    Other
    $0
    Deferred
    $0 + $32,412 related
    Nontaxable benefits
    $0 + $9,449 related
    Filer's total
    $0 + $295,633 related

  • Denise Leblanc

    DIRECTOR

    Total calculated
    $196,982
    From this org
    $0
    From related orgs
    $164,673
    Other
    $32,309
    Hours/week
    0.08 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $164,173 related
    Bonus
    $0 + $500 related
    Other
    $0
    Deferred
    $0 + $29,695 related
    Nontaxable benefits
    $0 + $2,614 related
    Filer's total
    $0 + $196,982 related

  • Creslyn Foster

    DIRECTOR

    Total calculated
    $156,577
    From this org
    $0
    From related orgs
    $129,280
    Other
    $27,297
    Hours/week
    0.08 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $128,780 related
    Bonus
    $0 + $500 related
    Other
    $0
    Deferred
    $0 + $11,685 related
    Nontaxable benefits
    $0 + $15,612 related
    Filer's total
    $0 + $156,577 related

  • Jettis Domoneck

    SEC/TREAS

    Total calculated
    $0
    Hours/week
    0.08 + 1 related

  • Stacey Andrus

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.08 + 1 related

  • Joann Patillo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.08 + 1 related

  • Heather Champion

    DIRECTOR

    Total calculated
    $117,943
    From this org
    $0
    From related orgs
    $95,755
    Other
    $22,188
    Hours/week
    0.08 + 40 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
16 January 2024
IRS schema version
2022v5.0
Source object
202420179349301302

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