Overview
What is Rainbow Housing Corporation?
Rainbow Housing Corporation is a nonprofit organization, headquartered in Middletown, Connecticut, specifically at 222 Main St Ext, PO Box 1000. Its mission revolves around providing and maintaining facilities for individuals grappling with mental illness, leasing these resources to Gilead Community Services, Inc., a sister organization. The organization's primary activity is identifying, preparing, and establishing residential facilities for these individuals, and they also hold various fixed assets. In essence, Rainbow Housing Corporation aims to provide suitable living spaces and resources for people with mental illness.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star Rating)
Rainbow Housing Corporation has achieved an impressive 97% rating from Charity Navigator, indicating strong performance in accountability and finance. The organization has an exemplary record with a perfect score in key areas such as independent board composition and material asset diversion, showcasing its commitment to governance and transparency.
Strengths of Rainbow Housing Corporation include having a wholly independent board and a high program expense ratio of 100%, which reflects its dedication to directing resources toward its mission. The organization also adheres to best practices by maintaining policies for conflict of interest, whistleblowing, and document retention, which underscores its ethical management.
While the data reflects a robust financial and governance framework, no specific user feedback or programmatic outcomes were mentioned, which could provide additional context regarding the overall impact of its services. Nonetheless, the organization's strong financial health positions it well within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Rainbow Housing Corporation legitimate?
Rainbow Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rainbow Housing Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.none
What is the mission statement of Rainbow Housing Corporation?
Rainbow Housing Corporation's mission is focused on identifying, preparing, and establishing residential facilities for individuals struggling with mental illness. Their primary goal is to provide suitable living spaces for these individuals. Additionally, they aim to hold onto these facilities and other fixed assets. The organization leases these established facilities to Gilead Community Services, Inc., a sister organization, for the purpose of offering support services to the residents.
Official website here: www.none
Who is the CEO of Rainbow Housing Corporation?
Daniel E Osborne is the President & of Rainbow Housing Corporation. The CEO's salary of Rainbow Housing Corporation is $0 and their total compensation is $164,434.
Official website here: www.none
What is the revenue of Rainbow Housing Corporation?
Rainbow Housing Corporation's revenue in 2022 was $380,387.
Official website here: www.none
Who are the executives of Rainbow Housing Corporation and what are their salaries?
There 6 volunteers at Rainbow Housing Corporation.
Here are 11 key members and their salaries (Rainbow Housing Corporation's CEO's salary is $0 and their total compensation is $164,434):
- Compensation: $0
- Related: $245,891
- Other: $52,724
- Compensation: $0
- Related: $179,333
- Other: $29,851
- Compensation: $0
- Related: $143,965
- Other: $36,184
- Compensation: $0
- Related: $158,491
- Other: $8,667
- Compensation: $0
- Related: $164,319
- Other: $115
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Rainbow Housing Corporation
Rainbow Housing Corporation, a non-profit organization, is dedicated to identifying, preparing, and establishing residential facilities for individuals suffering from mental illness. The corporation's primary mission is to provide these facilities and hold other fixed assets in trust. In a practical sense, Rainbow Housing Corporation leases these facilities and other assets it establishes for people with mental illness to Gilead Community Services, Inc., its sister organization. By doing so, the corporation aims to create a safe and supportive environment for those struggling with mental illness, thereby contributing significantly to their overall well-being.
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Impact
June, 2024
Rainbow Housing Corporation's impact is centered around identifying, preparing, and establishing residential facilities for individuals with mental illness. By providing these essential housing resources, Rainbow Housing Corporation plays a crucial role in supporting individuals with mental illness in accessing safe and stable living environments. This initiative not only addresses the housing needs of this vulnerable population but also contributes to promoting mental health and well-being within communities. Through its collaboration with Gilead Community Services, Inc., Rainbow Housing Corporation helps ensure that individuals with mental illness have access to the necessary housing support for their overall care and recovery.
This information is meant to be a general summary of Rainbow Housing Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $7,394
- Program Service Revenue: $239,465
- Gross Receipts: $488,989
Assets and Liabilities:
- Total Assets: $3,658,660
- Total Liabilities: $996,926
- Net Assets: $2,661,734
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT-GILEAD PROGRAMS
Revenue
$239,465
Organization Details
Founding Year
1988
Phone
(860) 343-5300Principal Officer
Daniel E Osborne
Main Address
222 MAIN ST EXT PO BOX 1000, MIDDLETOWN, CT, 06457
Website
www.noneNTEE Category
Code: F00 - Mental health
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