SPINDLETOP HOUSING CORPORATION

EIN: 454880865 501(c)(3) Housing & Shelter

BEAUMONT, TX

Total Revenue
$124,986
Total Expenses
$179,724
Total Assets
$1,977,397
Net Assets
$1,606,185
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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
2012
Legal Domicile
TX
Principal Officer
DENISE LEBLANC
Phone
4097842224
Tax Period
2024-09-01 to 2025-08-31

SPINDLETOP HOUSING CORPORATION, founded in 2012, is a small nonprofit in the Housing & Shelter sector that reported $125K in total revenue in fiscal year 2024. Expenses of $180K exceeded revenue, resulting in a 44% operating deficit.

Mission

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

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $122,993
Investment Income $513
Other Revenue $1,480
TOTAL REVENUE $124,986

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $148,738
Other Expenses $179,724
TOTAL EXPENSES $179,724

Year-over-Year Comparison

2024 2023 Change
Revenue $124,986 $124,305 +0.0%
Expenses $179,724 $192,268 -0.1%
Net Income $-54,738 $-67,963 -0.2%
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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
2

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
3
$0
Total Directors
11
$1,210,842
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANK COFFIN CHAIR 0.08
Officer Director
$0 $0 $0
KIM REDMON DIRECTOR 0.08
Director
$0 $16,658 $72,314
ROBIN MEEK DIRECTOR 0.08
Director
$0 $11,507 $68,611
LISA GIBBS DIRECTOR 0.08
Director
$0 $35,901 $215,386
HOLLY BOREL DIRECTOR 0.08
Director
$0 $57,580 $329,800
DENISE LEBLANC DIRECTOR 0.08
Director
$0 $38,702 $217,842
CRESLYN FOSTER DIRECTOR 0.08
Director
$0 $20,701 $165,388
JETTIS DOMONECK SEC/TREAS 0.08
Officer Director
$0 $0 $0
JANEAL WHITE DIRECTOR 0.08
Director
$0 $0 $0
JOANN PATILLO VICE CHAIR 0.08
Officer Director
$0 $0 $0
HEATHER CHAMPION DIRECTOR 0.08
Director
$0 $27,848 $141,501
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 $124,986 $179,724 $1,977,397 $-54,738
2024 $124,305 $192,268 $2,055,708 $-67,963
2023 $109,793 $181,369 $2,151,972 $-71,576
2022 $106,200 $194,975 $2,239,700 $-88,775
2021 $158,304 $149,978 $2,310,082 $8,326
2020 $49,373 $189,875 $2,281,515 $-140,502
2019 $68,642 $120,790 $2,026,805 $-52,148
2018 $67,654 $114,364 $2,079,211 $-46,710
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