Housing Opportunities for Musicians and Entertainers

EIN: 460580743 501(c)(3) Housing & Shelter

Austin, TX

Total Revenue
$359,897
Total Expenses
$252,995
Total Assets
$682,393
Net Assets
$682,194
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
TX
Phone
5126895212
Tax Period
2024-01-01 to 2024-12-31

Housing Opportunities for Musicians and Entertainers, founded in 2017, is a small nonprofit in the Housing & Shelter sector that reported $360K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $107K, a strong 30% operating margin.

Mission

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $324,341
Program Service Revenue $0
Investment Income $8,899
Other Revenue $26,657
TOTAL REVENUE $359,897

Expense Breakdown

Grants Paid $221,660
Salaries & Benefits $0
Fundraising Expenses $4,758
Program Expenses $231,760
Other Expenses $31,335
TOTAL EXPENSES $252,995

Year-over-Year Comparison

2024 2023 Change
Revenue $359,897 $279,880 +0.3%
Expenses $252,995 $201,400 +0.3%
Net Income $106,902 $78,480 +0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
30

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Hanna Cofer President 15
Officer Director
$0 $0 $0
Nancy Coplin Vice President 10
Officer Director
$0 $0 $0
Denise Boudreaux Secretary 5
Officer Director
$0 $0 $0
Jaye Stepp Treasurer 5
Officer Director
$0 $0 $0
Deb Fleming Board Member 5
Director
$0 $0 $0
Sarah Brown Board Member 5
Director
$0 $0 $0
Carolyn Wonderland Board Member 5
Director
$0 $0 $0
Catarina Mazuca Board Member 5
Director
$0 $0 $0
Marsha Milam Board Member 5
Director
$0 $0 $0
Shelley King Board Member 5
Director
$0 $0 $0
Eve Monsees Board Member 5
Director
$0 $0 $0
Marcia Ball Board Member 5
Director
$0 $0 $0
Reenie Collins Board Member 5
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $359,897 $252,995 $682,393 $106,902
2023 $279,880 $201,400 $575,292 $78,480
2022 $297,596 $177,022 $433,983 $120,574
2021 $210,491 $202,785 $332,209 $7,706
2020 $290,614 $142,528 $331,736 $148,086
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