Rainbow Plaza INC: FY2020 Nonprofit Profile & Form 990 (EIN 95-3465026)

Revenue by fiscal year
FY2020	$479K
FY2021	$483K
FY2022	$505K
FY2023	$530K
FY2024	$565K

Expenses by fiscal year
FY2020	$406K
FY2021	$335K
FY2022	$366K
FY2023	$567K
FY2024	$566K

Net assets by fiscal year
FY2020	$160K
FY2021	$308K
FY2022	$447K
FY2023	$410K
FY2024	$408K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1980.

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

Where the money goes

96 cents of each dollar spent went to programs.

96%

Program services 96% · $390K Management & general 4% · $16K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation

Cindy Grayum

President

$0Pt VII · Sec A

Christine Lovato

Director

$0Pt VII · Sec A

Tiko Wallace

Secretary

$0Pt VII · Sec A

Linda Byrd

Director

$0Pt VII · Sec A

Judith Alderman

Director

$0Pt VII · Sec A

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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 15aNo

Programs and updates

Provides affordable housing for disabled and elderly individuals.

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Provided by the organization

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1 program · $390K · in their own filed words · FY2020

01

To provide low income housing to handicapped and elderly persons

$390Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$479K

Ln 12

Fees for servicesLn 2g$479K

Investment incomeLn 3$11

Money outPt IX

$406K

Ln 25

Programscol B$390K

Managementcol C$16K

Owns and owesPt X

$160K

net assets · Ln 32

Cash and savingsLn 1–2$28K

Total assetsLn 16$318K

LiabilitiesLn 26$158K

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$479K

Investment incomeLn 3$11

Total revenueLn 12$479K

Assets in detailPt X, end of year

CashLn 1$6K

SavingsLn 2$22K

Cash and savings togetherLn 1–2$28K

Land, buildings, equipmentLn 10c$269K

Total assetsLn 16$318K

LiabilitiesLn 26$158K

Net assetsLn 32$160K

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$60K	$28K
Land, buildings, equipmentLn 10c	$274K	$269K
Total assetsLn 16	$358K	$318K
LiabilitiesLn 26	$271K	$158K
Net assetsLn 32	$87K	$160K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$80K	$80K
Payroll taxesLn 10	$5K	$5K
Management feesLn 11a	$24K	$24K
Legal feesLn 11b	$7K	$7K
Accounting feesLn 11c	$13K		$13K
Other fees for servicesLn 11g	$3K		$3K
Advertising and promotionLn 12	$280	$280
Office expensesLn 13	$6K	$6K
OccupancyLn 16	$57K	$57K
Conferences, conventions and meetingsLn 19	$49	$49
InterestLn 20	$15K	$15K
Depreciation, depletion and amortizationLn 22	$21K	$21K
InsuranceLn 23	$26K	$26K
Other expenses (24a–d)Ln 24	$140K	$140K
All other expensesLn 24e	$10K	$10K
Total functional expensesLn 25	$406K	$390K	$16K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$565K	$566K	−$2K	$408K	990 PDF
FY2023	$530K	$567K	−$37K	$410K	990 PDF
FY2022	$505K	$366K	$139K	$447K	990 PDF
FY2021	$483K	$335K	$148K	$308K	990 PDF
FY2020 Viewing	$479K	$406K	$73K	$160K	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 (6 parts)

Part I · Summary $478,711 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $467,399$478,700

I-10 Investment incomePrior year $20$11

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $467,419$478,711

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $87,308$84,137

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $269,976$321,445

I-18 Total expensesPrior year $357,284$405,582

I-19 Revenue less expensesPrior year $110,135$73,129

Part VI · Governance 5 of 5 board members independent, 4 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members5

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $478,711 across 3 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $478,700$478,700

VIII-3 Investment incomeRelated to mission $11$11

VIII-12 Total revenueRelated to mission $478,711 · Unrelated business $0 · Excluded from tax $0$478,711

Part IX · Statement of functional expenses $405,582 across 15 lines filed

IX-7 Other salaries and wagesPrograms $79,624$79,624

IX-10 Payroll taxesPrograms $4,513$4,513

IX-11a Management feesPrograms $23,934$23,934

IX-11b Legal feesPrograms $6,676$6,676

IX-11c Accounting feesManagement $12,915$12,915

IX-11g Other fees for servicesManagement $2,850$2,850

IX-12 Advertising and promotionPrograms $280$280

IX-13 Office expensesPrograms $5,565$5,565

IX-16 OccupancyPrograms $57,281$57,281

IX-19 Conferences, conventions and meetingsPrograms $49$49

IX-20 InterestPrograms $14,930$14,930

IX-22 Depreciation, depletion and amortizationPrograms $20,810$20,810

IX-23 InsurancePrograms $26,220$26,220

IX-24 Other expenses (24a–d)Programs $139,691$139,691

IX-24e All other expensesPrograms $10,244$10,244

IX-25 Total functional expensesPrograms $389,817 · Management $15,765 · Fundraising $0$405,582

Part X · Balance sheet $318,052 assets, 13 lines filed

X-1 Cash, non-interest-bearingStart of year $14,959$6,268

X-2 Savings and temporary cash investmentsStart of year $45,257$21,835

X-4 Accounts receivableStart of year $7,451$3,738

X-9 Prepaid expenses and deferred chargesStart of year $16,332$17,673

X-10c Land, buildings and equipment, netStart of year $273,791$268,538

X-16 Total assetsStart of year $357,790$318,052

X-17 Accounts payable and accrued expensesStart of year $15,499$32,025

X-19 Deferred revenueStart of year $1,332$297

X-25 Other liabilitiesStart of year $9,344$9,603

X-26 Total liabilitiesStart of year $270,587$157,720

X-27 Net assets without donor restrictionsStart of year $87,203$160,332

X-32 Total net assets or fund balancesStart of year $87,203$160,332

X-33 Total liabilities and net assetsStart of year $357,790$318,052

Part XI · Reconciliation of net assets $160,332 net assets at year end

XI-1 Total revenue$478,711

XI-2 Total expenses$405,582

XI-3 Revenue less expenses$73,129

XI-4 Net assets at start of year$87,203

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$160,332

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

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Rainbow Plaza INC FY2020 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Rainbow Plaza INC

By the numbers

Filing history

Schedules filed Part IV