nonprofit logo

Rainbow Heights Inc

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

EIN: 900086217 ✦ Atlanta, GA ✦ Designated as a 501(c)(3)

Shop smarter and support your favorite cause at the same time! With the Give Freely browser extension, you'll automatically save money with coupons, and partner stores will donate to your chosen charity - at no extra cost to you. Start giving back with a single click. It's safe, free, and spam-free, guaranteed!

Overview

What is Rainbow Heights Inc?

Rainbow Heights Inc is a nonprofit organization located in Atlanta, Georgia, with a postal address of PO Box 53274, 30355. Their primary mission is to provide housing for elderly individuals, operating a HUD-assisted apartment community regulated under Section 202 of the National Housing Act of 1959. The organization's activities are centered around this mission, offering housing solutions for the elderly population in an assisted apartment community, ensuring their well-being and comfort.

Is Rainbow Heights Inc legitimate?

Rainbow Heights Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rainbow Heights 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: $49,633

For more financial information, click here

What is the mission statement of Rainbow Heights Inc?

Rainbow Heights Inc, as an organization, is committed to providing housing for elderly individuals. They accomplish this by managing a HUD-assisted apartment community, regulated under Section 202 of the National Housing Act of 1959. This community aims to provide a suitable living environment for the elderly, ensuring their well-being and independence. The organization's primary goal is to make housing accessible and affordable for this specific demographic. By operating this community, Rainbow Heights Inc contributes to the overall comfort and security of elderly individuals, allowing them to live with dignity and respect.

Who is the CEO of Rainbow Heights Inc?

Seungjun Stephen Lee is the Chairman of Rainbow Heights Inc. The CEO's salary of Rainbow Heights Inc is $0 and their total compensation is $0.

What is the revenue of Rainbow Heights Inc?

Rainbow Heights Inc's revenue in 2022 was $382,602.

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

There 9 volunteers at Rainbow Heights Inc.


Here are 10 key members and their salaries (Rainbow Heights Inc's CEO's salary is $0 and their total compensation is $0):


Michelle Ferreyra (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Seungjun Stephen Lee (Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Misoon Lee (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony Roark (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelly Kim (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erin Chun (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Williams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Yosef Ohayon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Ji (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diana Plazas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Rainbow Heights Inc?

Rainbow Heights Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Rainbow Heights Inc

Rainbow Heights Inc, a nonprofit organization, is dedicated to providing housing solutions for the elderly population. They accomplish this by operating a HUD-assisted apartment community, regulated under Section 202 of the National Housing Act of 1959. This mission is centered around creating a living environment that caters specifically to the needs of elderly individuals, ensuring they have access to safe and comfortable housing. By operating this community, Rainbow Heights Inc contributes to the well-being and independent living of elderly persons, making a significant impact in their lives.

Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!

Impact




October, 2024

Rainbow Heights Inc. plays a vital role in supporting the elderly community by providing affordable housing options in Atlanta, GA. By operating a HUD-assisted apartment community regulated under Section 202 of the National Housing Act of 1959, the organization ensures that elderly individuals have access to safe and comfortable living environments that cater to their specific needs. This initiative not only addresses the critical issue of housing insecurity for older adults but also promotes a sense of community and belonging among residents. Through its focus on elderly housing, Rainbow Heights Inc. significantly enhances the quality of life for vulnerable populations, fostering independence and dignity in their later years.




This information is meant to be a general summary of Rainbow Heights 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
$382,602 (2022)
Expenses
$458,061 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $29
  • Program Service Revenue: $382,536
  • Gross Receipts: $382,602

Assets and Liabilities:

  • Total Assets: $2,279,743
  • Total Liabilities: $3,766,795
  • Net Assets: -$1,487,052

Want to help this charity, for free? You can click here to learn more about Give Freely

Programs

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

RENT REVENUE

Revenue

$382,536

Organization Details

Founding Year

2003

Principal Officer

Seungjun Stephen Lee

Main Address

PO BOX 53274, ATLANTA, GA, 30355

NTEE Category

Code: L21 - Housing

If you are a representative of Rainbow Heights Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.