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Rainbow Hil Apartments Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 731127500 ✦ Bartlesville, OK ✦ Designated as a 501(c)(3)

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Overview

What is Rainbow Hil Apartments Inc?

Rainbow Hil Apartments Inc is a nonprofit organization located in Bartlesville, Oklahoma (74006). Their primary focus is to offer affordable housing solutions for individuals with moderate to severe disabilities, families, and the elderly. This mission is made possible through funding received from the Department of Housing and Urban Development. In specific, Rainbow Hil Apartments Inc provides low-cost housing in Oklahoma City, ensuring that individuals with disabilities have a suitable living space.

Is Rainbow Hil Apartments Inc legitimate?

Rainbow Hil Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rainbow Hil Apartments 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Rainbow Hil Apartments Inc?

Rainbow Hil Apartments Inc is committed to providing low-cost housing for individuals who are moderately to severely handicapped. This non-profit organization operates with funding from the Department of Housing and Urban Development. Their primary mission is to offer housing solutions for individuals, families, and the elderly who are living with disabilities. By providing affordable housing, Rainbow Hil Apartments Inc aims to contribute positively to the lives of those in need, offering them a safe and comfortable living environment. The organization's efforts are instrumental in promoting independence and improving the overall quality of life for the handicapped community.

Who is the CEO of Rainbow Hil Apartments Inc?

David S Nickel is the President of Rainbow Hil Apartments Inc.

What is the revenue of Rainbow Hil Apartments Inc?

Rainbow Hil Apartments Inc's revenue in 2023 was $229,144.

Who are the executives of Rainbow Hil Apartments Inc and what are their salaries?


Here are 6 key members and their salaries:


Thomas A Gorman (Secretary/Tr)
  • Compensation: $0
  • Related: $0
  • Other: $0
David S Nickel (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
James E Webb (Vice-Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Gorman (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sam Hill (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thad Kent (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Rainbow Hil Apartments Inc?

Rainbow Hil Apartments Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Rainbow Hil Apartments Inc

Rainbow Hil Apartments Inc, as a mission-driven organization, is committed to providing affordable housing for individuals with moderate to severe disabilities in Oklahoma City. This nonprofit's primary objective is to create a living environment that caters to the needs of these individuals, ensuring they have a safe and suitable place to call home. The funding for this vital service comes from the Department of Housing and Urban Development. By offering low-cost housing, Rainbow Hil Apartments Inc aims to empower and support individuals with disabilities, enabling them to live with dignity and independence.

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Impact




October, 2024

Rainbow Hil Apartments Inc significantly impacts the community by providing low-cost housing specifically designed for moderately to severely handicapped individuals, families, and the elderly in Oklahoma City. By offering accessible and affordable living options, the organization addresses crucial housing needs for vulnerable populations, ensuring they have a safe and supportive environment to live in.

The focus on low-cost housing helps alleviate financial burdens that often accompany disability or aging, fostering greater independence for residents. This initiative not only enhances the quality of life for its tenants but also promotes social inclusion and community engagement. Additionally, by receiving funding from the Department of Housing and Urban Development, Rainbow Hil Apartments Inc can sustain its mission and expand its reach, creating a lasting positive effect on the lives of many individuals and families facing challenges related to their disabilities.




This information is meant to be a general summary of Rainbow Hil Apartments 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.

Revenue
$229,144 (2023)
Expenses
$194,594 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $26
  • Program Service Revenue: $229,087
  • Gross Receipts: $229,144

Assets and Liabilities:

  • Total Assets: $209,677
  • Total Liabilities: $161,778
  • Net Assets: $47,899

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

HUD SUBSIDY

Revenue

$161,522

TENANT RECEIPTS

Revenue

$67,403

LAUNDRY AND VENDING INCOME

Revenue

$97

TENANT CHARGES

Revenue

$65

Organization Details

Principal Officer

David S Nickel

Main Address

398060 W 2200 RD, BARTLESVILLE, OK, 74006

NTEE Category

Code: L210 - Housing

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