Overview
What is Spindletop Housing Corporation?
Spindletop Housing Corporation is a nonprofit organization situated in Beaumont, Texas. Their primary mission involves operating a Department of Housing and Urban Development (HUD) project, providing 15 apartments specifically designed for low-income individuals living with mental health disabilities. Their goal is to create an inclusive living environment tailored to the unique needs of this population, ensuring they have access to safe and supportive housing.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Star rating. This rating is significant as it reflects the organization's strong commitment to accountability and financial transparency, earning a high score solely based on this criterion.
Spindletop Housing Corporation demonstrates robust governance practices, with a fully independent board of members and a solid conflict of interest policy. The organization has successfully maintained a low material diversion of assets and adheres to proper document retention protocols. Its liabilities to assets ratio is reasonable, indicating financial stability.
However, while the program expense ratio is impressive at 83.89%, showing that a significant portion of expenses is directed towards its mission, further details on program outcomes and effectiveness could enhance the understanding of its impact. Overall, the organization showcases strong financial oversight and accountability, making it a trustworthy entity in its sector.
This AI summary has been generated from information found on Charity Navigator.
Is Spindletop Housing Corporation legitimate?
Spindletop Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spindletop Housing Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Spindletop Housing Corporation?
Spindletop Housing Corporation is dedicated to operating a HUD-funded project, which consists of 15 apartments. The primary focus of this organization is to provide housing for low-income individuals who have mental health disabilities. Their mission is centered around offering a supportive living environment, aiming to enhance the quality of life for these individuals. They strive to ensure that these individuals have access to safe and comfortable housing, thereby contributing to their overall well-being. The corporation's work is aligned with the Department of Housing and Urban Development's goals, aiming to provide essential housing solutions for those in need.
Who is the CEO of Spindletop Housing Corporation?
Denise Leblanc is the Chair of Spindletop Housing Corporation.
What is the revenue of Spindletop Housing Corporation?
Spindletop Housing Corporation's revenue in 2023 was $109,793.
Who are the executives of Spindletop Housing Corporation and what are their salaries?
There 4 volunteers at Spindletop Housing Corporation.
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $50,973
- Other: $14,038
- Compensation: $0
- Related: $91,552
- Other: $18,944
- Compensation: $0
- Related: $165,929
- Other: $31,957
- Compensation: $0
- Related: $253,772
- Other: $41,861
- Compensation: $0
- Related: $164,673
- Other: $32,309
- Compensation: $0
- Related: $129,280
- Other: $27,297
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $95,755
- Other: $22,188
Where can I find the form 990 for Spindletop Housing Corporation?
Spindletop Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Spindletop Housing Corporation
Spindletop Housing Corporation is dedicated to operating a Department of Housing and Urban Development (HUD) project, specifically providing 15 apartments for low-income individuals battling mental health disabilities. Their mission is centered around offering a living space that caters to this unique population, aiming to provide them with a secure and supportive environment to call home. By doing so, Spindletop Housing Corporation plays a significant role in enhancing the quality of life for individuals struggling with mental health issues, thereby contributing to their overall well-being and independence.
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Impact
October, 2024
Spindletop Housing Corporation has a significant impact on the community by providing stable housing for low-income individuals with mental health disabilities in Beaumont, Texas. By operating a Department of Housing and Urban Development (HUD) project that consists of 15 apartments, Spindletop Housing offers a critical lifeline for individuals who might otherwise struggle to find safe and affordable living conditions.
The importance of secure housing cannot be overstated, especially for those facing mental health challenges. By creating an environment that fosters stability, Spindletop Housing not only addresses immediate housing needs but also contributes to the overall wellbeing of its residents. This initiative helps reduce homelessness and offers individuals a chance to rebuild their lives, gain independence, and access necessary support services.
Furthermore, the presence of such housing projects enhances community cohesion by integrating individuals with mental health disabilities into the social fabric of Beaumont, promoting awareness and understanding. Overall, Spindletop Housing Corporation plays a vital role in improving the quality of life for its residents and fostering a more inclusive community.
This information is meant to be a general summary of Spindletop Housing Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $679
- Program Service Revenue: $107,626
- Gross Receipts: $109,793
Assets and Liabilities:
- Total Assets: $2,151,972
- Total Liabilities: $423,086
- Net Assets: $1,728,886
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT - LOW-INCOME HOUS
Revenue
$107,626
Organization Details
Founding Year
2012
Phone
(409) 784-2224Principal Officer
Denise Leblanc
Main Address
2795 S 8TH ST, BEAUMONT, TX, 77701
NTEE Category
Code: L21 - Housing
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