Overview
What is Rainbow Village Properties Inc?
Rainbow Village Properties Inc, doing business as Promise Community Homes, is a nonprofit organization situated in St. Louis, Missouri. With a team of 21 dedicated individuals, their primary mission is to enhance the lives of adults with developmental disabilities by providing them with safe and affordable housing options. Located at 1240 Dautel Lane, the organization's work extends to the greater St. Louis area, focusing on low-income housing for the disabled elderly. By offering such accommodations, Promise Community Homes strives to contribute positively to the community and support those in need.
Official website here: www.promisecommunityhomes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star rating on Charity Navigator)
Rainbow Village Properties Inc has achieved a strong 92% rating on Charity Navigator, reflecting its excellent standards in accountability and finance. This score is based entirely on the Accountability & Finance beacon, indicating a robust commitment to transparency and responsible financial management. The organization successfully meets all criteria for independent oversight and demonstrates a healthy balance between liabilities and assets.
The nonprofit has a fully independent board, which enhances its governance structure. It scored full points for having eight independent board members and for maintaining a proper audit and oversight committee. Additionally, the organization has demonstrated a high commitment to financial transparency, sharing comprehensive financial statements and relevant documents on its website.
However, it is noted that Rainbow Village Properties Inc is missing a whistleblower policy and a document retention and destruction policy. While these omissions do not detract significantly from its overall performance, addressing them could further enhance its governance practices. Overall, the organization shows strong potential for providing accountability and effective programmatic impact.
This AI summary has been generated from information found on Charity Navigator.
Is Rainbow Village Properties Inc legitimate?
Rainbow Village Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rainbow Village Properties 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: $117,880
Professional Fundraising Fees: $0
Other Salaries and Wages: $706,476
For more financial information, click here
Official website here: www.promisecommunityhomes.org
What is the mission statement of Rainbow Village Properties Inc?
Rainbow Village Properties Inc, an organization dedicated to low-income housing, strives to enhance the lives of individuals with developmental disabilities. They accomplish this by providing secure and affordable homes. The mission of Rainbow Village Properties Inc, as stated, is to improve the community by positively impacting the lives of those with developmental disabilities, offering them a place to call home in the greater St. Louis area. By offering housing solutions, Rainbow Village Properties Inc contributes to the overall well-being of the individuals they serve, allowing them to live with dignity and independence.
Official website here: www.promisecommunityhomes.org
Who is the CEO of Rainbow Village Properties Inc?
Matthew Elmore is the Director of Rainbow Village Properties Inc.
Official website here: www.promisecommunityhomes.org
What is the revenue of Rainbow Village Properties Inc?
Rainbow Village Properties Inc's revenue in 2022 was $2,172,794.
Official website here: www.promisecommunityhomes.org
Who are the executives of Rainbow Village Properties Inc and what are their salaries?
The average compensation at Rainbow Village Properties Inc during 2022 was $39,255. There are 21 employees and 120 volunteers at Rainbow Village Properties Inc.
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Official website here: www.promisecommunityhomes.org
Where can I find the form 990 for Rainbow Village Properties Inc?
Rainbow Village Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.promisecommunityhomes.org
Learn more at the official website: www.promisecommunityhomes.org
Mission Statement of Rainbow Village Properties Inc
Rainbow Village Properties Inc, a nonprofit organization, is dedicated to enhancing the lives of individuals with developmental disabilities. They achieve this mission by providing safe and affordable housing in various communities. The primary focus of Rainbow Village Properties Inc is to promise a community that improves the living conditions of adults who are developmentally disabled. The organization's commitment to this cause is evident as they have successfully offered housing options in the greater St. Louis area, ensuring a secure living environment for those with developmental disabilities.
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Impact
July, 2024
Rainbow Village Properties Inc's impact lies in providing much-needed housing for the disabled elderly and developmentally disabled adults in the Greater St. Louis area. By offering safe and affordable homes to individuals with developmental disabilities, this organization plays a vital role in enhancing the lives of this vulnerable population. Through their mission, Rainbow Village Properties Inc contributes to improving the quality of life and promoting independence for those who may face challenges in finding suitable housing options elsewhere.
This information is meant to be a general summary of Rainbow Village Properties 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.
- Investment Income: $66
- Program Service Revenue: $1,288,926
- Gross Receipts: $2,279,598
Assets and Liabilities:
- Total Assets: $11,402,368
- Total Liabilities: $2,001,757
- Net Assets: $9,400,611
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT & CHARGES
Revenue
$1,256,250
MANAGEMENT FEE INCOME
Revenue
$32,676
Organization Details
Founding Year
2003
Phone
(314) 567-1522Principal Officer
Matthew Elmore
Main Address
1240 DAUTEL LANE, ST LOUIS, MO, 63146
NTEE Category
Code: P73 - Human services
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