Spindletop Inc
- Assets
- $156.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 09/2007
- Data as of
- 06/2022
- EIN
- 30-0342187
Organization Overview
Spindletop Inc is located in Lexington, KY. The organization was established in 2007. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spindletop Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Spindletop Inc generated $34.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.4%) each year. All expenses for the organization totaled $52.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
OPERATION OF AN 8-UNIT APARTMENT PROJECT IN LEXINGTON, KENTUCKY TO HOUSE LOW INCOME INDIVIDUALS WITH MENTAL HEALTH/INTELLECTUAL AND DEVELOPMENTAL DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Ward Board Vice Chair | 0.5 | $0 | |
Dee Werline Secretary/treasurer | 0.5 | $0 | |
Philip Berger Board Director | 0.5 | $0 | |
Jock Conley Board Director | 0.5 | $0 | |
Mary June Brunker Board Director | 0.5 | $0 | |
Connie Morgan Board Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $34,836 |
| Membership dues | $0 |
| Investment income | $10 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $34,846 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $36,016 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $16,274 |
| Total expenses | $52,290 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $984 |
| Other assets | $0 |
| Total assets | $156,114 |
| Total liabilities | $284,644 |
| Net assets or fund balances | -$128,530 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Over The Rhine Community Housing Cincinnati, OH | $24,358,276 | $7,722,304 |
Society Of St Vincent Depaul Council Of Louisville Louisville, KY | $10,950,346 | $7,888,364 |
Socayr Inc Louisville, KY | $34,945,508 | $6,749,829 |
Lacasa Of Goshen Inc Goshen, IN | $26,643,418 | $6,732,087 |
Creative Housing Inc Columbus, OH | $43,851,773 | $5,323,506 |
Family Scholar House Inc Louisville, KY | $18,614,591 | $4,995,688 |
Lewinsville Retirement Residence McLean, VA | $23,915,511 | $4,142,115 |
The Village At Mercy Creek Lemont, IL | $14,145,576 | $2,549,375 |
Regina Manor Apartments Inc Toledo, OH | $0 | $7,363 |
American Village Communities Inc Fairfax, VA | $15,020,871 | $7,566,152 |
Equity Homes Saint Louis, MO | $10,741,730 | $5,549,027 |
Squire Village Preservation Nfp Chicago, IL | $14,277,143 | $2,435,203 |