SPEARS HOUSE OF CARE INC

EIN: 800617853 501(c)(3) Housing & Shelter

Desoto, TX

Total Revenue
$321,113
Total Expenses
$176,085
Total Assets
$493,567
Net Assets
$493,567
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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
2011
Legal Domicile
TX
Principal Officer
CHIQUITA SPEARS
Phone
2148157632
Tax Period
2024-01-01 to 2024-12-31

SPEARS HOUSE OF CARE INC, founded in 2011, is a small nonprofit in the Housing & Shelter sector that reported $321K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $145K, a strong 45% operating margin.

Mission

HOUSING AND SUPPORT FOR THE MENTALLY IMPAIRED

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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 $321,113
Investment Income $0
Other Revenue $0
TOTAL REVENUE $321,113

Expense Breakdown

Grants Paid $0
Salaries & Benefits $123,520
Fundraising Expenses $0
Program Expenses $165,055
Other Expenses $52,565
TOTAL EXPENSES $176,085

Year-over-Year Comparison

2024 2023 Change
Revenue $321,113 $376,969 -0.1%
Expenses $176,085 $184,975 0.0%
Net Income $145,028 $191,994 -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
3
Independent Members
3
Employees
2
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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHIQUITA SPEARS PRESIDENT 50.00
Officer Director
$0 $0 $0
HARVEY SPEARS VICE PRESIDENT 25.00
Director
$0 $0 $0
MARCUS SPEARS TREASURER 40.00
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
2024 $321,113 $176,085 $493,567 $145,028
2023 $376,969 $184,975 $348,539 $191,994
2022 $337,693 $288,655 $156,545 $49,038
2021 $285,835 $288,655 $107,507 $-2,820
2020 $226,618 $202,035 $110,327 $24,583
2019 $313,768 $321,942 $85,744 $-8,174
2018 $353,550 $259,632 $93,918 $93,918
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