Overview
What is Rainbow Homes Inc?
Rainbow Homes Inc, situated in Toledo, Ohio, is a dedicated nonprofit organization that focuses on providing comprehensive care and assistance to individuals with developmental disabilities. The organization's primary mission is to offer support and services tailored to the unique needs of these individuals, ensuring they live with dignity and independence. Rainbow Homes Inc's programs encompass a wide range of support, from daily care to personal development opportunities, aiming to improve the quality of life for those under their care.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64% (Two-Star out of Four Star rating)
Rainbow Homes Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The overall score is based entirely on its Accountability & Finance metrics, where it achieved a score of 64%. Notably, the organization has a fully independent board with 100% of its members meeting this criterion, which is a positive aspect of its governance structure.
However, the organization faces challenges reflected in its financial metrics. While it scored well in areas such as program expenses and conflict of interest policies, a significant concern is its liabilities to assets ratio, which stands at 147.91%. This suggests that the organization has more liabilities than assets, potentially impacting its financial stability.
Additionally, while the salary of key personnel is disclosed, which is a good transparency practice, the overall financial health of the organization could benefit from improvement. The presence of various governance policies, such as a whistleblower policy and document retention policy, indicates that Rainbow Homes Inc is taking steps to uphold accountability, yet the financial liabilities pose a notable risk.
This AI summary has been generated from information found on Charity Navigator.
Is Rainbow Homes Inc legitimate?
Rainbow Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rainbow Homes Inc 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: $226,325
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,088,682
For more financial information, click here
What is the mission statement of Rainbow Homes Inc?
Rainbow Homes Inc is committed to providing care and services for individuals with developmental disabilities. Their mission is to support these individuals in their daily lives, offering programs that cater to their unique needs. By doing so, Rainbow Homes aims to enhance the quality of life for these individuals, enabling them to reach their full potential. The organization does not disclose specific details about its approach or methods, but it is clear that their focus is on providing compassionate care and essential services to those with developmental disabilities.
Who is the CEO of Rainbow Homes Inc?
Vivian Bennett Doo is the Doo of Rainbow Homes Inc.
What is the revenue of Rainbow Homes Inc?
Rainbow Homes Inc's revenue in 2022 was $1,779,741.
Who are the executives of Rainbow Homes Inc and what are their salaries?
The average compensation at Rainbow Homes Inc during 2022 was $27,979. There are 47 employees at Rainbow Homes Inc.
There is 1 key member and their salary:
- Compensation: $226,325
- Related: $0
- Other: $0
Where can I find the form 990 for Rainbow Homes Inc?
Rainbow Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rainbow Homes Inc
Rainbow Homes Inc, a nonprofit organization, is committed to providing care and services for individuals who are developmentally disabled. The mission of Rainbow Homes Inc, in essence, is to create an environment that caters to the unique needs of these individuals, ensuring they receive the support they require to lead fulfilling lives. Through various programs, Rainbow Homes Inc strives to make a positive impact in the lives of these individuals, helping them to overcome challenges and reach their full potential. The organization's dedication to this cause is evident in its work, providing care and services that are tailored to the specific needs of each person.
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Impact
October, 2024
Rainbow Homes Inc has a profound impact on the lives of individuals with developmental disabilities. By offering tailored care and support, the organization enhances the quality of life for those it serves in Toledo, OH. Through its programs, Rainbow Homes addresses the unique needs of individuals, ensuring they receive compassionate care and a supportive environment that fosters dignity and independence.
The services provided cater not only to the physical well-being of individuals but also to their emotional and social needs, creating a holistic approach to care. This commitment to serving developmentally disabled persons plays a crucial role in promoting inclusivity and understanding within the broader community, contributing to a society that values every individual’s worth. By prioritizing care and services, Rainbow Homes Inc empowers individuals, allowing them to thrive and actively participate in their communities.
This information is meant to be a general summary of Rainbow Homes Inc. 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.
- Program Service Revenue: $1,779,741
- Gross Receipts: $1,779,741
Assets and Liabilities:
- Total Assets: $216,127
- Total Liabilities: $319,713
- Net Assets: -$103,586
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$1,779,741
Organization Details
Founding Year
1979
Principal Officer
Vivian Bennett Doo
Main Address
4105 WEST ALEXIS STE 122, TOLEDO, OH, 43623
NTEE Category
Code: P70 - Human services
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