Rainbow Plaza Inc

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

EIN: 953465026 ✦ Lompoc, CA ✦ Designated as a 501(c)(3)

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Overview

What is Rainbow Plaza Inc?

Rainbow Plaza Inc, located at 220 W Pine Avenue, Lompoc, CA 93436, is a dedicated nonprofit organization. Its primary mission is to offer affordable housing to individuals who are elderly and handicapped, ensuring they have a suitable living environment. The organization's mission remains steadfast, focusing on providing low-income housing for this specific demographic.

Is Rainbow Plaza Inc legitimate?

Rainbow Plaza Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rainbow Plaza 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 Plaza Inc?

Rainbow Plaza Inc is committed to serving a noble cause. Their mission is centered around providing low-income housing for individuals who fall into two vulnerable categories: the handicapped and the elderly. This organization strives to create a living environment that caters to the unique needs of these groups, ensuring they can live with dignity and independence. By offering suitable housing, Rainbow Plaza Inc contributes to enhancing the quality of life for these individuals, fostering a sense of community and support within their residences.

What is the revenue of Rainbow Plaza Inc?

Rainbow Plaza Inc's revenue in 2023 was $530,003.

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

Here are 6 key members and their salaries:


Cindy Grayum (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Garner (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jolene Romasanta (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terri Escamilla (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terrell Day (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christine Lovato (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Rainbow Plaza Inc?

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

Mission Statement of Rainbow Plaza Inc

Rainbow Plaza Inc, a nonprofit organization, is dedicated to providing low-income housing for individuals who are elderly and handicapped. This mission is at the core of their activities, aiming to create a living environment that caters to the unique needs of these populations. By offering suitable housing options, Rainbow Plaza Inc strives to improve the quality of life for these vulnerable individuals, enabling them to live with dignity and independence.

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Impact




October, 2024

Rainbow Plaza Inc significantly impacts the Lompoc, CA community by addressing the critical need for affordable housing tailored specifically for handicapped and elderly individuals. By providing accessible, low-income housing options, the organization enhances the quality of life for these vulnerable populations, enabling them to live independently and with dignity. This initiative not only helps alleviate housing insecurity but also fosters a sense of community and belonging among residents. The emphasis on inclusivity ensures that those who face mobility challenges or age-related difficulties have safe and supportive living environments, contributing to their overall well-being and stability.




This information is meant to be a general summary of Rainbow Plaza 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
$530,003 (2023)
Expenses
$567,017 (2023)
Efficiency

Other financial information:

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

  • Investment Income: $789
  • Program Service Revenue: $529,214
  • Gross Receipts: $530,003

Assets and Liabilities:

  • Total Assets: $2,878,262
  • Total Liabilities: $2,431,489
  • Net Assets: $446,773

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Programs

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

RENTAL INCOME

Revenue

$529,214

Organization Details

Founding Year

1978

Principal Officer

Cindy Grayum

NTEE Category

Code: L22 - Housing

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