Rainbow Village Inc
- Assets
- $10.1m
- Revenue
- $3.2m
- Investments
- $1.2m
- Employees
- 17
- Location
- Duluth, GA
- Founding
- 09/1995
- Data as of
- 12/2023
- EIN
- 58-2181183
Organization Overview
Rainbow Village Inc is located in Duluth, GA. The organization was established in 1995. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Rainbow Village Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rainbow Village 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 12/2023, Rainbow Village Inc generated $3.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $2.3m during the year ending 12/2023. While expenses have increased by 3.3% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO TRANSFORM THE LIVES OF FAMILIES EXPERIENCING HOMELESSNESS BY PROVIDING HELP, HOPE, HOUSING AND HEALING IN ORDER TO INSTILL INITIATIVE, SELF-DEVELOPMENT AND ACCOUNTABILITY THAT WILL FOSTER MEANINGFUL GROWTH IN THE LIVES OF ALL WHO ENCOUNTER RAINBOW VILLAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAINBOW VILLAGE PROVIDES HOUSING AND SUPPORTIVE SERVICES TO FAMILIES EXPERIENCING HOMELESSNESS. THE ASPIRE PROGRAM SUPPORTS 30 FAMILIES AT A TIME FOR UP TO TWO YEARS AT A TIME. IN 2023, WE SERVED 50 FAMILIES (160 INDIVIDUALS, INCLUDING 70 ADULTS AND 90 CHILDREN) USING AN INDIVIDUALIZED, CLIENT-CENTRIC MODEL. THIS APPROACH GUIDES RESIDENTS THROUGH THEIR UNIQUE JOURNEYS, HELPING THEM BUILD FINANCIAL STABILITY AND SELF-SUFFICIENCY. IN 2023, FAMILIES SAVED AN AVERAGE OF $4,515, 72% OF FAMILIES SAW A CREDIT SCORE INCREASE OF 25 POINTS OR MORE, AND 96% SUCCESSFULLY TRANSITIONED INTO PERMANENT HOUSING. THE PROGRAM'S HOLISTIC SUPPORT EMPOWERS FAMILIES TO OVERCOME HOMELESSNESS AND SECURE LASTING STABILITY.
THE THRIVE PROGRAM PROVIDES ONGOING, SCALED SUPPORT FOR ALUMNI WHO HAVE TRANSITIONED OUT OF THE ASPIRE PROGRAM BUT NEED ADDITIONAL ASSISTANCE TO ACHIEVE FULL SELF-SUFFICIENCY. IN 2023, WE SERVED 12 THRIVE ALUMNI, OFFERING CASE-BY-CASE TAILORED SUPPORT TO HELP THEM STAY FOCUSED ON CONTINUOUS IMPROVEMENTS IN THEIR JOURNEY. THIS PROGRAM ADDRESSES SPECIFIC NEEDS, INCLUDING MENTAL HEALTH SERVICES, WHICH WERE PROVIDED TO 5 OF THE 12 ALUMNI. THRIVE'S INDIVIDUALIZED APPROACH ENSURES THAT ALUMNI HAVE THE SUPPORT THEY NEED TO MAINTAIN PROGRESS AND OVERCOME ANY CHALLENGES THEY MAY ENCOUNTER AS THEY CONTINUE THEIR PATH TO STABILITY.
RAINBOW VILLAGE ACADEMY PROVIDES ACADEMIC ENRICHMENT, SOCIAL SKILL DEVELOPMENT, AND A SAFE SPACE FOR CHILDREN FROM ELEMENTARY TO HIGH SCHOOL AGE, OPERATING MONDAY THROUGH FRIDAY, INCLUDING AFTER-SCHOOL HOURS, DIGITAL LEARNING DAYS, AND SCHOOL HOLIDAYS. IN 2023, THE ACADEMY SERVED 45 CHILDREN, OFFERING A VARIETY OF ACTIVITIES SUCH AS STEAM, MUSIC, ART, YOGA, READING, CODING, AND ACADEMIC TUTORING. ADDITIONALLY, CHILDREN PARTICIPATED IN SOCIAL EVENTS LIKE FUN FRIDAYS, THE FALL FESTIVAL, BACK TO SCHOOL BASH (PROVIDING BACKPACKS AND SCHOOL SUPPLIES), AND FIELD TRIPS TO MUSEUMS, PARKS, AND OTHER LOCAL ATTRACTIONS. THE ACADEMY ALSO OFFERS VALUABLE EXPOSURE TO CAREER AND CULTURAL SPEAKERS. LOCATED ON OUR RESIDENTIAL CAMPUS, THE ACADEMY PROVIDES A CONVENIENT AND SUPPORTIVE ENVIRONMENT, ALLOWING CHILDREN TO HEAL FROM TRAUMA WHILE BUILDING SOCIAL AND EMOTIONAL RESILIENCE ALONGSIDE THEIR PEERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathe Reams Chair | Trustee | 2 | $0 |
Michelle Livingstone Vice Chair | Trustee | 2 | $0 |
Mona Reiser Armstrong Secretary | Trustee | 2 | $0 |
Paul Culbreth Treasurer | Trustee | 2 | $0 |
Debbie Bilbro Board Member | Trustee | 2 | $0 |
Charnette Brown Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $511,787 |
| Related organizations | $0 |
| Government grants | $392,497 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,940,364 |
| Noncash contributions included in lines 1a–1f | $50,283 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,844,648 |
| Total Program Service Revenue | $151,156 |
| Investment income | $51,349 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $56,913 |
| Net Gain/Loss on Asset Sales | -$748 |
| Net Income from Fundraising Events | $54,058 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,157,376 |
| 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. | $142,374 |
| Compensation of current officers, directors, key employees. | $12,814 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $844,648 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $53,823 |
| Payroll taxes | $78,706 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,458 |
| Fees for services: Accounting | $110,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,115 |
| Fees for services: Other | $118,538 |
| Advertising and promotion | $11,618 |
| Office expenses | $21,431 |
| Information technology | $55,557 |
| Royalties | $0 |
| Occupancy | $170,911 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,708 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $252,599 |
| Insurance | $58,880 |
| All other expenses | $52,392 |
| Total functional expenses | $2,290,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,654,658 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $115,891 |
| 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 | $20,314 |
| Net Land, buildings, and equipment | $7,067,125 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,182,002 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $92,177 |
| Total assets | $10,132,167 |
| Accounts payable and accrued expenses | $70,139 |
| 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 | $107,177 |
| Total liabilities | $177,316 |
| Net assets without donor restrictions | $8,922,162 |
| Net assets with donor restrictions | $1,032,689 |
| 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 | $10,132,167 |