Form 990 for tax year 2024
Filed by HOUSING OPPORTUNITIES FOR MUSICIANS AND ENTERTAINERS.
Totals
- Total revenue
- $359,897
- Total expenses
- $252,995
- Contributions and grants received
- $324,341
- Grants paid
- $221,660
- Program service revenue
- $0
- Investment income
- $8,899
- Other revenue
- $26,657
- Total assets, end of year
- $682,393
- Total liabilities, end of year
- $199
- Net assets or fund balances, end of year
- $682,194
- Program services expenses (Part IX)
- $231,760
- Management and general expenses
- $16,477
- Fundraising expenses
- $4,758
- Program service expenses (Part III)
- $231,760
Program services were 91.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$84,106
-
1f · All other contributions, gifts and grants
$240,235
-
3 · Investment income
total $8,899 · excluded $8,899
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7c · Gain or loss
securities $0 · other assets $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$44,673
-
8b · Fundraising events: direct expenses
$18,016
-
8c · Net income from fundraising events
total $26,657
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $221,660 · program services $221,660
-
11c · Fees: accounting
total $6,450 · management and general $6,450
-
11g · Fees: other
total $12,000 · program services $10,000 · management and general $2,000
-
12 · Advertising and promotion
total $2,000 · management and general $1,500 · fundraising $500
-
13 · Office expenses
total $2,513 · management and general $2,369 · fundraising $144
-
14 · Information technology
total $5,115 · management and general $2,046 · fundraising $3,069
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $848 · management and general $848
-
24a · Other expenses: Miscellaneous Expenses
total $2,409 · program services $100 · management and general $1,264 · fundraising $1,045
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $398,266 · end of year $322,853
-
2 · Savings and temporary cash investments
beginning of year $91,960 · end of year $295,000
-
3 · Pledges and grants receivable
beginning of year $84,814 · end of year $64,288
-
9 · Prepaid expenses and deferred charges
beginning of year $252 · end of year $252
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
end of year $199
-
27 · Net assets without donor restrictions
beginning of year $546,641
Mission and programs · 2024
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.
Activities or mission (Part I)
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.
-
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 2024, we awarded over $221,660 in total assistance in the form of rent, mortgage, housing assistance and utility bills, paid directly to vendors on behalf of 38 unique clients.
Expenses $231,760 · Grants $221,660
As filed on the 2024 return.
Listed in Part VII
-
Hanna Cofer
President
- Total calculated
- $0
- Hours/week
- 15
-
Nancy Coplin
Vice President
- Total calculated
- $0
- Hours/week
- 10
-
Denise Boudreaux
Secretary
- Total calculated
- $0
- Hours/week
- 5
-
Jaye Stepp
Treasurer
- Total calculated
- $0
- Hours/week
- 5
-
Deb Fleming
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Sarah Brown
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Carolyn Wonderland
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Catarina Mazuca
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Marsha Milam
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Shelley King
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Eve Monsees
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Marcia Ball
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Reenie Collins
Board Member
- Total calculated
- $0
- Hours/week
- 5
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202501359349311895
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