Rainbow Homes INC FY2020 filing

Tax-deductible

Toledo, OH501(c)(3)EIN 34-1319132

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Provide care and services for developmentally disabled persons.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $26K a year · 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$397K
57% of total assets
Fine: liabilities are 57% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.5M
Spent
$2.7M
To programs
100%
Net assets
$300K
By yearFY2020–FY2024
Revenue
$2.5M
FY2020
Revenue by fiscal year
FY2020$2.5M
FY2021$2.0M
FY2022$1.8M
FY2023$2.2M
FY2024$2.5M
Expenses
$2.7M
FY2020
Expenses by fiscal year
FY2020$2.7M
FY2021$2.2M
FY2022$1.9M
FY2023$2.1M
FY2024$2.1M
Net assets
$300K
FY2020
Net assets by fiscal year
FY2020$300K
FY2021$66K
FY2022−$104K
FY2023−$35K
FY2024$344K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1984.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $2.7M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2022FY2021
Vivian Bennett$226,325$211,659
Vivian Bennett Doo$226,325—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers care and services for people with developmental disabilities.

Provided by the organization

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1 program · $2.7M · in their own filed words · FY2020
01

Care for developmentally disabled persons.

$2.7Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2020
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2.5M
Ln 12
Fees for servicesLn 2g$2.5M
Money outPt IX
$2.7M
Ln 25
Programscol B$2.7M
Owns and owesPt X
$300K
net assets · Ln 32
Cash and savingsLn 1–2$639K
Total assetsLn 16$697K
LiabilitiesLn 26$397K
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.5M
Total revenueLn 12$2.5M
Assets in detailPt X, end of year
CashLn 1$465K
SavingsLn 2$175K
Cash and savings togetherLn 1–2$639K
Land, buildings, equipmentLn 10c$31K
Total assetsLn 16$697K
LiabilitiesLn 26$397K
Net assetsLn 32$300K
OperationsPt I, VI
EmployeesI 551
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$404K$639K
Land, buildings, equipmentLn 10c$25K$31K
Total assetsLn 16$484K$697K
LiabilitiesLn 26$9K$397K
Net assetsLn 32$475K$300K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$192K$192K
Other salaries and wagesLn 7$1.5M$1.5M
Payroll taxesLn 10$130K$130K
OccupancyLn 16$176K$176K
Other expenses (24a–d)Ln 24$689K$689K
Total functional expensesLn 25$2.7M$2.7M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.5M$2.1M$379K$344K 990 PDF
FY2023 $2.2M$2.1M$68K−$35K 990 PDF
FY2022 $1.8M$1.9M−$170K−$104K 990 PDF
FY2021 $2.0M$2.2M−$233K$66K 990 PDF
FY2020 Viewing $2.5M$2.7M−$175K$300K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $2,512,142 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,512,142$2,512,142
VIII-12 Total revenueRelated to mission $2,512,142 · Unrelated business $0 · Excluded from tax $0$2,512,142
Part IX · Statement of functional expenses $2,687,528 across 5 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $191,749$191,749
IX-7 Other salaries and wagesPrograms $1,500,101$1,500,101
IX-10 Payroll taxesPrograms $130,467$130,467
IX-16 OccupancyPrograms $176,259$176,259
IX-24 Other expenses (24a–d)Programs $688,952$688,952
IX-25 Total functional expensesPrograms $2,687,528 · Management $0 · Fundraising $0$2,687,528
Part X · Balance sheet $696,637 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $404,174$464,546
X-2 Savings and temporary cash investments$174,777
X-4 Accounts receivableStart of year $54,530$26,168
X-10c Land, buildings and equipment, netStart of year $25,146$31,146
X-16 Total assetsStart of year $483,895$696,637
X-17 Accounts payable and accrued expensesStart of year $8,950$222,300
X-19 Deferred revenue$174,778
X-26 Total liabilitiesStart of year $8,950$397,078
X-27 Net assets without donor restrictionsStart of year $474,945$299,559
X-32 Total net assets or fund balancesStart of year $474,945$299,559
X-33 Total liabilities and net assetsStart of year $483,895$696,637
Part XI · Reconciliation of net assets $299,559 net assets at year end
XI-1 Total revenue$2,512,142
XI-2 Total expenses$2,687,528
XI-3 Revenue less expenses−$175,386
XI-4 Net assets at start of year$474,945
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$299,559

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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