Rainbow Place Shelter For Homeless Women Inc
- Assets
- $463.9k
- Revenue
- $704.8k
- Investments
- $0.0
- Employees
- 30
- Location
- Rockville, MD
- Founding
- 06/2016
- Data as of
- 06/2021
- EIN
- 47-5082306
Organization Overview
Rainbow Place Shelter For Homeless Women Inc is located in Rockville, MD. The organization was established in 2016. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Rainbow Place Shelter For Homeless Women Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rainbow Place Shelter For Homeless Women Inc 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 06/2021, Rainbow Place Shelter For Homeless Women Inc generated $704.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 24.8% each year . All expenses for the organization totaled $365.6k during the year ending 06/2021. While expenses have increased by 21.5% per year over the past 5 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
RAINBOW PLACE IS A WINTER EMERGENCY OVERNIGHT SHELTER FOR HOMELESS WOMEN. FROM NOV 1 TO MARCH 31, IT PROVIDES A WARM SAFE SHELTER PLUS MEALS AND PERSONAL CARE FOR UP TO 28 WOMEN NIGHTLY, 7PM TO 7AM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAINBOW PLACE IS A WINTER EMERGENCY OVERNIGHT SHELTER FOR HOMELESS WOMEN. RAINBOW PROVIDES A WARM SAFE SHELTER PLUS MEALS AND PERSONAL CARE FOR 14 OR MORE WOMEN NIGHTLY REDUCED FROM PRIOR YEARS FOR COVID-19 SOCIAL DISTANCING. RAINBOWS GOAL IS TO TRANSITION WOMEN TO A BETTER HOUSING ENVIRONMENT. 10 WOMEN WERE TRANSITIONED DURING THE LAST FISCAL YEAR. 130 PLUS VOLUNTEERS SUPPORT THE MISSION ANNUALLY, HOWEVER, THESE RESULTS WERE LOWER THAN NORMALL DUE TO COVID-19 PROTOCOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Paiva Executive Director | Officer | 40 | $59,615 |
Virginia Deseau Director Secretary | OfficerTrustee | 5 | $0 |
Richard Stolz Board President Director | OfficerTrustee | 5 | $0 |
David Chung Director Vice President | OfficerTrustee | 3 | $0 |
Jennifer Baldwin Director Interim Treasurer | OfficerTrustee | 3 | $0 |
Donald Hadley Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $32,000 |
| Related organizations | $0 |
| Government grants | $374,819 |
| All other contributions, gifts, grants, and similar amounts not included above | $297,971 |
| Noncash contributions included in lines 1a–1f | $34,026 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $704,790 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $704,790 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $70,962 |
| Compensation of current officers, directors, key employees. | $14,193 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $187,568 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,082 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,388 |
| Office expenses | $721 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,678 |
| 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 | $2,738 |
| Insurance | $20,612 |
| All other expenses | $11,000 |
| Total functional expenses | $365,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $449,644 |
| Savings and temporary cash investments | $0 |
| 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 | $1,032 |
| Net Land, buildings, and equipment | $13,241 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $463,917 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $458,917 |
| Net assets with donor restrictions | $5,000 |
| 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 | $463,917 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Rainbow Place Shelter For Homeless Women Inc has recieved totaling $21,471.
| Awarding Organization | Amount |
|---|---|
Give Back Foundation Madison, WI PURPOSE: PROGRAM SUPPORT | $6,225 |
Morris And Gwendolyn Cafritz Foundation Washington, DC PURPOSE: COMMUNITY SERVICE | $5,000 |
Nora Roberts Foundation Inc Glenn Dale, MD PURPOSE: OPERATIONS | $5,000 |
The Phase Foundation Germantown, MD PURPOSE: TO HELP FUND CLEANING SERVICE COSTS AT SHELTER. | $3,000 |
Eya Foundation Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $1,000 |
Charles And Margaret Levin Family Foundation Inc Wheaton, MD PURPOSE: CHARITABLE CONTRIBUTION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Helping Up Mission Incorporated Baltimore, MD | $36,151,019 | $24,482,350 |
Friendship Place Washington, DC | $9,467,594 | $20,756,314 |
Forkids Inc Chesapeake, VA | $30,389,970 | $15,557,559 |
Central Union Mission Washington, DC | $25,037,840 | $16,629,553 |
New Hope Housing Inc Alexandria, VA | $4,724,081 | $13,222,867 |
House Of Ruth Washington, DC | $26,954,207 | $14,138,940 |
York Union Rescue Mission Inc York, PA | $4,203,301 | $6,244,380 |
Opportunity House Reading, PA | $5,953,825 | $7,820,343 |
The Light House Inc Annapolis, MD | $14,282,025 | $6,589,792 |
Caritas Richmond, VA | $20,735,460 | $5,144,634 |
Bethesda Project Philadelphia, PA | $5,417,974 | $5,948,466 |
Doorways For Women & Families Inc Arlington, VA | $11,264,979 | $7,983,956 |