Overview
What is Rainbow Housing Assistance Corporation?
Rainbow Housing Assistance Corporation is a nonprofit organization situated in Glendale, Arizona. Its primary mission is to ensure the availability of safe and affordable housing for individuals and families categorized as low income and very low income. To accomplish this, Rainbow Housing Assists as the sole member of several Limited Liability Companies, which serve as co-general partners in various partnerships that own multifamily apartment housing properties. With a dedicated workforce of 95 employees, this organization is committed to enhancing residential living standards for those in need.
Official website here: www.rainbowhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 100% - Four-Star out of Four Star Rating
Rainbow Housing Assistance Corporation has achieved an exceptional Four-Star rating from Charity Navigator, indicating a high level of transparency and effectiveness in its operations. The organization scores 100% across various categories, demonstrating strong accountability and financial management. With an independent board comprised entirely of ten members, the nonprofit adheres to rigorous standards of governance and compliance.
The charity showcases impressive financial health, with a program expense ratio of 88.74%, ensuring that the majority of its funds are directed toward its mission. Additionally, it scores perfectly on impact evaluation and feedback mechanisms, reflecting a commitment to measuring outcomes and integrating community input into its programs. These strengths highlight the organization's dedication to delivering meaningful assistance and fostering positive change.
Despite the strong ratings, there is limited information available about specific challenges the organization may face or areas for improvement. However, the high scores in adaptability and leadership suggest that Rainbow Housing Assistance Corporation is well-equipped to navigate potential obstacles and continue its impactful work in serving the community.
This AI summary has been generated from information found on Charity Navigator.
Is Rainbow Housing Assistance Corporation legitimate?
Rainbow Housing Assistance Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rainbow Housing Assistance 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: $321,923
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,845,759
For more financial information, click here
Official website here: www.rainbowhousing.org
What is the mission statement of Rainbow Housing Assistance Corporation?
Rainbow Housing Assistance Corporation is committed to facilitating the provision of safe and affordable housing for individuals and families falling under the low income and very low income categories. The corporation acts as the sole member for several limited liability companies, serving as co-general partners in various partnerships that own multifamily apartment housing properties, with the primary goal of making housing accessible for those in need. In essence, Rainbow Housing Assistance Corporation is dedicated to enhancing living conditions and promoting housing equity for financially vulnerable individuals and families.
Official website here: www.rainbowhousing.org
Who is the CEO of Rainbow Housing Assistance Corporation?
Flynann Janisse is the President of Rainbow Housing Assistance Corporation.
Official website here: www.rainbowhousing.org
What is the revenue of Rainbow Housing Assistance Corporation?
Rainbow Housing Assistance Corporation's revenue in 2022 was $4,295,442.
Official website here: www.rainbowhousing.org
Who are the executives of Rainbow Housing Assistance Corporation and what are their salaries?
The average compensation at Rainbow Housing Assistance Corporation during 2022 was $22,818. There are 95 employees at Rainbow Housing Assistance Corporation.
Here are 11 key members and their salaries:
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- Compensation: $361,690
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Official website here: www.rainbowhousing.org
Where can I find the form 990 for Rainbow Housing Assistance Corporation?
Rainbow Housing Assistance Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rainbowhousing.org
Learn more at the official website: www.rainbowhousing.org
Mission Statement of Rainbow Housing Assistance Corporation
Rainbow Housing Assistance Corporation, a nonprofit organization, is committed to facilitating the provision of safe and affordable housing for low-income and very low-income individuals and their families. The corporation's mission is to serve as a vital partner in various housing ventures. It achieves this by being the sole member of several limited liability companies, which in turn, co-own multiple partnerships that manage multifamily apartment housing properties. By doing so, Rainbow Housing Assistance Corporation plays a significant role in ensuring that those who are financially disadvantaged have access to secure and reasonably priced living spaces.
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Impact
October, 2024
Rainbow Housing Assistance Corporation plays a vital role in improving the living conditions of low-income and very low-income individuals and families by facilitating the provision of safe and affordable housing. By owning and managing multifamily apartment properties, it ensures that vulnerable populations have access to stable housing options that are essential for their well-being. The organization serves not only as a housing provider but also as a partner in fostering communities where families can thrive despite financial challenges. Its commitment to affordable housing directly impacts the quality of life for many, contributing to greater community stability and resilience in Glendale, AZ, and beyond.
This information is meant to be a general summary of Rainbow Housing Assistance 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: $392,393
- Program Service Revenue: $3,807,884
- Gross Receipts: $4,612,334
Assets and Liabilities:
- Total Assets: $12,487,852
- Total Liabilities: $99,767
- Net Assets: $12,388,085
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERVICES INCO
Revenue
$2,780,869
OTHER INCOME
Revenue
$1,027,015
Organization Details
Founding Year
2002
Phone
(602) 903-1843Principal Officer
Flynann Janisse
Main Address
18001 N 79TH AVENUE SUITE 72E, GLENDALE, AZ, 85308
Website
www.rainbowhousing.orgNTEE Category
Code: L21 - Housing
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