Rainbow Gardens Housing Corporation
- Assets
- $388.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 6
- Location
- Keytesville, MO
- Founding
- 01/1995
- Data as of
- 12/2021
- EIN
- 43-1691920
Organization Overview
Rainbow Gardens Housing Corporation is located in Keytesville, MO. The organization was established in 1995. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2022, Rainbow Gardens Housing Corporation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rainbow Gardens Housing Corporation 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, Rainbow Gardens Housing Corporation generated $199.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $164.6k during the year ending 12/2021. While expenses have increased by 7.0% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
SECTION 8 RENTAL HOUSING/PROGRAM
Describe the Organization's Program Activity:
Part 3 - Line 4a
CORPORATION OPERATES A LOW INCOME HOUSING COMPLEX OF 12 UNITS UNDER SECTION 8 OF NHA, PROVIDING AFFORDABLE HOUSING TO QUALIFIED INDIVIDUALS.
PROVIDING DIRECT STAFF SERVICES TO DISABLED INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cecelia Sehlke Secretary & Treasurer | OfficerTrustee | 0.25 | $0 |
Deborah Nanneman Board Member | Trustee | 0.25 | $0 |
Jennifer Gladbach Board Member | Trustee | 0.25 | $0 |
Kenneth Sharp Board Member | Trustee | 0.25 | $0 |
Mary Alice Carpenter Board Member | Trustee | 0.25 | $0 |
Michael Spencer Vice President | OfficerTrustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $199,474 |
| Membership dues | $0 |
| Investment income | $13 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $199,487 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $81,261 |
| Professional fees and other payments to independent contractors | $15,383 |
| Occupancy, rent, utilities, and maintenance | $24,004 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $43,939 |
| Total expenses | $164,587 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $40,290 |
| Other assets | $0 |
| Total assets | $387,998 |
| Total liabilities | $9,212 |
| Net assets or fund balances | $378,786 |