ERIC YOLLICK, The Golden Hammer
Conroe, May 4 – Montgomery County Judge Craig Doyal and the four County Commissioners – Mike Meador, Charlie Riley, James Noack, and Jim Clark – filed their personal financial statements with Montgomery County Clerk Mark Turnbull by May 1, 2017, the deadline. The statements, required under Chapter 572 of the Texas Government Code, actually provide somewhat scant information but they do reveal some data nevertheless.
There’s a striking aspect to all of the personal financial statements. Other than Noack, whose portfolio is a bit more complex, Doyal, Meador, and Riley clearly live off of the government and have done so for a long, long time. It’s not surprising, therefore, that they support greater County government spending.
Clark just doesn’t have much.
County Judge James “Craig” Doyal
Doyal filed his personal financial statement on April 28. Donal’s wife, Amy, listed her employment at Texas Gas Utilities Services on F.M. 1488 in Magnolia, a company that conducts quite a bit of business with the County government.
Doyal owns the following business interests:
- Doyal Energy (web site sales), which he values at less than $5,000;
- WS&G, LLC, the investment holding company he owns 50% of with Bobby Jack Adams, the Regional Vice President of Halff Associates, Inc., a major County contractor, owning the other 50%, which Doyal values as worth more than $25,000;
- Supernal Environmental, which Doyal also owns with Bobby Adams, which Doyal values as worth more than $25,000.
Each of WS&G and Doyal Energy have less than $5,000 of debt.
Doyal listed quite a bit of stock which he and his wife, Amy Doyal, own:
- 10,000 shares of MHM Assurance, a privately owned company which provides construction contractors with pre qualification services and the software to do so. In his conflicts of interest filings, Doyal claims the value of his interest is less than $1,000. That would seem to be a book value, not a market value.
- 100 to 499 shares of AT&T.
- 100 to 499 shares of Alcoa Corp.
- Less than 100 shares of Arconic, Inc.
- Less than 100 shares of Illinois Tool Works.
- Less than 100 shares of Johnson & Johnson.
- 100 to 499 shares of Kinder Morgan.
- Less than 100 shares of Microsoft Corp.
- 100 to 499 shares of National Oil Varco.
- Less than 100 shares of NOW, Inc.
- 1000, to 4999 shares of Redox Technologies.
The Golden Hammer estimates the approximate value of his and Mrs. Doyal’s stock is approximately $10,000.
Doyal owns a note on property he sold at 34 April Village, Montgomery, Texas.
Doyal listed ownership in numerous mutual funds the total value of which The Golden Hammer estimates at $50,000.
Doyal owes mortgage debt to Providen Funding, an auto loan to USAA, and a student loan to Navient Student Loans. He also owes a construction loan to Woodforest National Bank.
Doyal owns two homes: one at 267 Carriage Trail in Montgomery (mortgage with Providen Funding) and one at 269 Blue Heron Drive (mortgage with Woodforest National Bank). Amy Doyal owns 400 acres of farmland in Fayett County, Tennessee. Doyal lists ownership of the 34 April Village home as well in Montgomery, so he probably sold that property on a contract for deed.
Doyal lists that he holds executive positions or board of directors positions with:
- Gulf Coast Rail District Board
- Woodlands Road Utility District #1
- Healing Species (Amy Doyal)
- Texas Gas Utilities Company (Amy Doyal).
Precinct 1 County Commissioner Mike Meador
Commissioner Meador’s wife, Janie Meador, is retired from the Conroe ISD.
The Meadors own an interest worth more than $25,000 in Edwards Jones Financial Investments (a mutual fund). They also own more than $25,000 of bonds. They owe more than $25,000 to Wayne Stockdale for their purchase of a house.
The Meadows own their home in Conroe and 11 acres off Cedar Lane.
Meador serves on the Boards of the Montgomery Central Appraisal District and the Montgomery County Mental Health Facility.
Precinct 2 County Commissioner Charlie Riley
The Rileys listed no ownership of stock or bonds. They owe more than $10,000 to Shellpoint Mortgage Servicing, more than $25,000 to PHH Mortgage, and more than $25,000 to First Service Credit Union.
Riley services on the Boards of Directors of Houston-Galveston Area Council (a Board which Doyal failed to include in his filing), the Montgomery Central Appraisal District, the Magnolia Community Foundation, and the Transportation Policy Council.
Precinct 3 County Commissioner James Noack
Noack’s wife, Lori Noack, provides consulting services through a company named Life on the Green, L.L.C., which lists a mailbox location as its place of business.
Noack and his wife, Lori, own the following stock:
- 1,000 to 4,999 shares of Charles Schwab Corporation
- 100 to 499 shares of Kinder Morgan
- 500 to 999 shares of Direct Market Holdings Corp.
- 100 to 499 warrants of Kinder Morgan
- 500 to 999 shares of Midnight Holdings Group
- 100 to 499 shares of Principal Financial Group.
The Golden Hammer estimates Noack’s stock portfolio as worth approximately $45,000. Noack also owns a lengthly list of mutual fund interests the value of which would be difficult to estimate, given the scant information in the financial statement.
Noack’s only real estate interest is his home in The Woodlands with a mortgage with Chase Bank.
James and Lori Noack serve as President and Vice President, respectively, of The Noack Foundation, a charitable institution.
Precinct 4 County Commissioner Jim Clark
Clark lists his employment as County Commissioner and as a real estate broker for Jim Clark Real Estate. Kelly Clark, his wife, is an escrow officer with Texas Homeland Title in Conroe.
Clark only listed two assets:
- 1,000 to 4,999 of shares in TransAmerican Asset ALLC mutual fund, which The Golden Hammer estimates has a value of $50,000
- a life estate in 5.22 acres of land which Clark received from his father.