Ethics Explorer A Guide to the Financial Interests of Elected Officials

Rep. Dade Phelan District 21 (R-Beaumont)

Industry
Real Estate, Investor
Education
B.A. Government, Univeristy of Texas at Austin
Spouse
Kim
Committees
  • Select Committee on Texas Ports, Innovation & Infrastructure
  • Natural Resources (Vice-Chair)
  • Calendars
  • Subcommittee on Articles VI, VII & VIII
  • Appropriations
Financial Statements

Sources of Income

  • Phelan is a senior partner and broker at Phelan Investments, a family-owned real estate development company.

  • His wife, Kim Phelan, is an attorney and has a private law practice. 

  • Phelan and his wife have large stock holdings (10,000 or more shares a piece) in Third Coast Bank.

  • Phelan is a beneficiary of a family trust, receiving $25,000 or more. He has received royalties from four limited liability companies.

  • He also holds ownership interest in five real estate investing firms from which he receives royalties.

Property

  • Residential property in Beaumont valued at $206,760 

  • Over 600 acres of land in Jefferson County

Analysis

  • Phelan served on the board of the Lower Neches Valley Authority, which develops and manages water in the area. He served as the authority’s board president from 2013 to 2014, when he had to step down in order to run for office.