Skip to content
Nonprofiteer
← SPINDLETOP HOUSING CORPORATION

Form 990 for tax year 2024

Filed by SPINDLETOP HOUSING CORPORATION.

Totals

Total revenue
$124,986
Total expenses
$179,724
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$122,993
Investment income
$513
Other revenue
$1,480
Total assets, end of year
$1,977,397
Total liabilities, end of year
$371,212
Net assets or fund balances, end of year
$1,606,185
Program services expenses (Part IX)
$148,738
Management and general expenses
$30,986
Fundraising expenses
$0
Program service expenses (Part III)
$148,738

Program services were 82.8% 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 $122,993 · related or exempt $122,993

  • 3 · Investment income

    total $513 · excluded $513

  • 11a · Other revenue: LAUNDRY/MISC

    total $1,480 · related or exempt $1,480

  • 11e · Other revenue, total

    $1,480

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

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

  • 11b · Fees: legal

    total $333 · management and general $333

  • 11c · Fees: accounting

    total $14,250 · management and general $14,250

  • 16 · Occupancy

    total $51,270 · program services $51,270

  • 20 · Interest

    total $4,508 · program services $4,508

  • 22 · Depreciation, depletion and amortization

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

  • 23 · Insurance

    total $29,857 · program services $23,199 · management and general $6,658

  • 24a · Other expenses: DATA PROCESSING

    total $3,100 · management and general $3,100

  • 24b · Other expenses: OFFICE SUPPLIES

    total $274 · management and general $274

  • 24c · Other expenses: INTERNET

    total $251 · management and general $251

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $26,254 · end of year $7,782

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,287 · end of year $12,868

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

    $2,561,630

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

    $654,213

  • 10c · Land, buildings and equipment, net

    beginning of year $1,977,178 · end of year $1,907,417

  • 15 · Other assets

    beginning of year $41,989 · end of year $49,330

  • 17 · Accounts payable and accrued expenses

    beginning of year $25,020 · end of year $20,806

  • 25 · Other liabilities

    beginning of year $369,765 · end of year $350,406

  • 27 · Net assets without donor restrictions

    beginning of year $1,660,923 · end of year $1,606,185

Mission and programs · 2024

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 $148,738 · Revenue $124,473

As filed on the 2024 return.

Listed in Part VII

  • Frank Coffin

    CHAIR

    Total calculated
    $0
    Hours/week
    0.08 + 1 related

  • Kim Redmon

    DIRECTOR

    Total calculated
    $72,314
    From this org
    $0
    From related orgs
    $55,656
    Other
    $16,658
    Hours/week
    0.08 + 40 related

  • Robin Meek

    DIRECTOR

    Total calculated
    $68,611
    From this org
    $0
    From related orgs
    $57,104
    Other
    $11,507
    Hours/week
    0.08 + 40 related

  • Lisa Gibbs

    DIRECTOR

    Total calculated
    $215,386
    From this org
    $0
    From related orgs
    $179,485
    Other
    $35,901
    Hours/week
    0.08 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $179,485 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $19,442 related
    Nontaxable benefits
    $0 + $16,459 related
    Filer's total
    $0 + $215,386 related

  • Holly Borel

    DIRECTOR

    Total calculated
    $329,800
    From this org
    $0
    From related orgs
    $272,220
    Other
    $57,580
    Hours/week
    0.08 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $272,220 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $47,451 related
    Nontaxable benefits
    $0 + $10,129 related
    Filer's total
    $0 + $329,800 related

  • Denise Leblanc

    DIRECTOR

    Total calculated
    $217,842
    From this org
    $0
    From related orgs
    $179,140
    Other
    $38,702
    Hours/week
    0.08 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $179,140 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $36,891 related
    Nontaxable benefits
    $0 + $1,811 related
    Filer's total
    $0 + $217,842 related

  • Creslyn Foster

    DIRECTOR

    Total calculated
    $165,388
    From this org
    $0
    From related orgs
    $144,687
    Other
    $20,701
    Hours/week
    0.08 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $144,687 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,527 related
    Nontaxable benefits
    $0 + $10,174 related
    Filer's total
    $0 + $165,388 related

  • Jettis Domoneck

    SEC/TREAS

    Total calculated
    $0
    Hours/week
    0.08 + 1 related

  • Janeal White

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.08 + 1 related

  • Joann Patillo

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.08 + 1 related

  • Heather Champion

    DIRECTOR

    Total calculated
    $141,501
    From this org
    $0
    From related orgs
    $113,653
    Other
    $27,848
    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
2024
Filed
25 February 2026
IRS schema version
2024v5.5
Source object
202610579349300321

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.