Housing Opportunities For Musicians And Entertainers
- Assets
- $332.2k
- Revenue
- $210.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 02/2018
- Data as of
- 12/2021
- EIN
- 46-0580743
Organization Overview
Housing Opportunities For Musicians And Entertainers is located in Austin, TX. The organization was established in 2018. According to its NTEE Classification (L80) the organization is classified as: Housing Support, 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. Housing Opportunities For Musicians And Entertainers 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 12/2021, Housing Opportunities For Musicians And Entertainers generated $210.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $202.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING SUPPORTS TO AGING MUSICIANS AND ENTERTAINERS IN TWO WAYS: THROUGH SUSTAINING SUPPORT BY PAYING MONTHLY RENT OR UTILITIES; AND THROUGH NEED-BASED GRANTS WHICH CAN BE IN THE FORM OF ONE-TIME PAYMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING SUPPORTS WERE PROVIDED TO OUR TARGETED AUDIENCE, THROUGH AN APPLICATION AND APPROVAL PROCESS, PROVIDING ASSISTANCE WITH HOUSING EXPENSES AND UTILITIES. THE GRANTS TO CLIENTS ARE BASED ON NEED, AS DEMONSTRATED IN THEIR APPLICATIONS. IN 2021, WE AWARDED OVER $187,620 IN TOTAL ASSISTANCE IN THE FORM OF RENT, MORTGAGE, HOUSING ASSISTANCE AND UTILITY BILLS, PAID DIRECTLY TO VENDORS ON BEHALF OF 78 UNIQUE CLIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Boudreaux Secretary | OfficerTrustee | 5 | $0 |
Nancy Coplin President | OfficerTrustee | 15 | $0 |
Marcia Ball Vice President | OfficerTrustee | 10 | $0 |
Jaye Stepp Treasurer | OfficerTrustee | 5 | $0 |
Deb Fleming Board Member | Trustee | 5 | $0 |
Catarina Sigerfoos Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $154,541 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $154,541 |
| Total Program Service Revenue | $0 |
| Investment income | $652 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $55,298 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $210,491 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $187,620 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,723 |
| Advertising and promotion | $0 |
| Office expenses | $800 |
| Information technology | $4,411 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $698 |
| All other expenses | $0 |
| Total functional expenses | $202,785 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $290,557 |
| Savings and temporary cash investments | $40,652 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $332,209 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $18,800 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $18,800 |
| Net assets without donor restrictions | $286,610 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $332,209 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Housing Opportunities For Musicians And Entertainers has recieved totaling $111,872.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $61,645 |
Austin Community Foundation Austin, TX PURPOSE: DONATION FROM LUCK FAMILY FOUNDATION TO HOME FOR THE HOME COOKIN FOR THE HOLIDAYS 2021. | $26,340 |
Alec Baldwin Foundation Inc New York, NY PURPOSE: SUPPORT | $10,000 |
Clifford Antone Foundation Austin, TX PURPOSE: HOUSING ASSISTANCE | $7,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,887 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Commonwealth Multifamly Housing Corporation Temple, TX | $162,876,921 | $14,871,130 |
Christian Community Action Lewisville, TX | $16,536,025 | $11,902,772 |
Central Oklahoma Habitat For Humanity Inc Oklahoma City, OK | $15,945,462 | $9,628,435 |
Rebuilding Together Houston Houston, TX | $2,380,403 | $3,485,226 |
San Antonio Housing Trust Foundation Inc San Antonio, TX | $7,282,965 | $2,625,653 |
Community Enhancement Corporation Oklahoma City, OK | $19,292,408 | $1,589,887 |
New Braunfels Community Resources Inc New Braunfels, TX | $2,281,417 | $2,005,183 |
Community Restoration Corporation Irving, TX | $696,507 | $9,217,251 |
Texas Campaign For The Environment Fund Austin, TX | $1,503,965 | $2,333,632 |
Habitat For Humanity International Inc New Braunfels, TX | $2,364,963 | $1,297,778 |
Lutheran Properties Inc Austin, TX | $10,751,890 | $1,244,486 |
City Of Lubbock Housing Initiatives Lubbock, TX | $2,597,981 | $392,861 |