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Rainbow Horizons INC FY2024 filing

Tax-deductible

North Hills, CA501(c)(3)HousingEIN 95-4389218Revenue $301K in FY2024

On file with the IRS15725 Parthenia St, 91343-4913 · North Hills, CATax-exempt since Mar 1993Publicly supported charity — 170(b)(1)(A)(vi)

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Provides residential services for 12 developmentally-disabled low-income consumers.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2024 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $10K a year · 3% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.7M
212% of total assets
Concern: liabilities are 212% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$301K
-3% vs prior year
Spent
$315K
To programs
88%
Net assets
−$877K
By yearFY2020–FY2025
Revenue
$301K
FY2024▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$246K
FY2021$248K
FY2022$281K
FY2023$311K
FY2024$301K
FY2025$334K
Expenses
$315K
FY2024▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$268K
FY2021$274K
FY2022$268K
FY2023$300K
FY2024$315K
FY2025$353K
Net assets
−$877K
FY2024▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020−$861K
FY2021−$887K
FY2022−$874K
FY2023−$863K
FY2024−$877K
FY2025−$897K

From the FY2024 Form 990 (year ending June 2024) · see the original

990 PDF Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1993.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $277K Management & general 12% · $38K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Susan Stearns
President
$0Pt VII · Sec A
Judy Fisher
Vice President
$0Pt VII · Sec A
Lawrence Diamond
Secretary & Treasurer
$0Pt VII · Sec A
Lena Rivkin
Director
$0Pt VII · Sec A
Ruth Rutalj
Director
$0Pt VII · Sec A
John C Brauer
President/CEO of New Horizons
$0Pt VII · Sec A
Diane Thorsell
Chief Fin/Admin Officer New Horizons
$0Pt VII · Sec A
David Yaeger
VP Property/Asset Mgmt New Horizons
$0Pt VII · Sec A
See Rainbow Horizons INC executive salaries →

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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

Offers housing and support for low-income adults with developmental disabilities.

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Provided by the organization

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1 program · $277K · in their own filed words · FY2023
01

Rainbow horizons provides residential services for 12 developmentally-disabled low-income consumers.

$277Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$301K
Ln 12
Gifts and grantsLn 1h$237K
Fees for servicesLn 2g$64K
Investment incomeLn 3$128
Money outPt IX
$315K
Ln 25
Programscol B$277K
Managementcol C$38K
Owns and owesPt X
−$877K
net assets · Ln 32
Cash and savingsLn 1–2$130K
Total assetsLn 16$781K
LiabilitiesLn 26$1.7M
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$237K
Government grantsLn 1e$237K
Fees for servicesLn 2g$64K
Investment incomeLn 3$128
Total revenueLn 12$301K
Assets in detailPt X, end of year
CashLn 1$45K
SavingsLn 2$86K
Cash and savings togetherLn 1–2$130K
Land, buildings, equipmentLn 10c$608K
Other assetsLn 15$43K
Total assetsLn 16$781K
LiabilitiesLn 26$1.7M
Net assetsLn 32−$877K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderJune
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 FY24End FY24
Cash and savingsLn 1–2$112K$130K
Land, buildings, equipmentLn 10c$638K$608K
Total assetsLn 16$754K$781K
LiabilitiesLn 26$1.6M$1.7M
Net assetsLn 32−$863K−$877K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$25K$532$25K
Accounting feesLn 11c$14K$14K
Other fees for servicesLn 11g$175K$175K
Information technologyLn 14$9K$9K
OccupancyLn 16$60K$60K
Conferences, conventions and meetingsLn 19$3K$3K
Depreciation, depletion and amortizationLn 22$29K$29K
All other expensesLn 24e$139$139
Total functional expensesLn 25$315K$277K$38K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $334K$353K−$20K−$897K 990 PDF
FY2024 Viewing $301K$315K−$14K−$877K 990 PDF
FY2023 $311K$300K$11K−$863K 990 PDF
FY2022 $281K$268K$13K−$874K 990 PDF
FY2021 $248K$274K−$25K−$887K 990 PDF
FY2020 $246K$268K−$22K−$861K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $300,585 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $258,482$236,712
I-9 Program service revenuePrior year $52,762$63,745
I-10 Investment incomePrior year $62$128
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $311,306$300,585
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $300,323$315,034
I-18 Total expensesPrior year $300,323$315,034
I-19 Revenue less expensesPrior year $10,983−$14,449
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $300,585 across 5 lines filed
VIII-1e Government grants$236,712
VIII-1h Total contributions, gifts and grants$236,712
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $63,745$63,745
VIII-3 Investment incomeExcluded from tax $128$128
VIII-12 Total revenueRelated to mission $63,745 · Unrelated business $0 · Excluded from tax $128$300,585
Part IX · Statement of functional expenses $315,034 across 8 lines filed
IX-11a Management feesPrograms $532 · Management $24,818$25,350
IX-11c Accounting feesManagement $13,616$13,616
IX-11g Other fees for servicesPrograms $174,993$174,993
IX-14 Information technologyPrograms $8,721$8,721
IX-16 OccupancyPrograms $59,683$59,683
IX-19 Conferences, conventions and meetingsPrograms $3,071$3,071
IX-22 Depreciation, depletion and amortizationPrograms $29,461$29,461
IX-24e All other expensesPrograms $139$139
IX-25 Total functional expensesPrograms $276,600 · Management $38,434 · Fundraising $0$315,034
Part X · Balance sheet $781,470 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $475$44,977
X-2 Savings and temporary cash investmentsStart of year $111,734$85,501
X-10c Land, buildings and equipment, netStart of year $637,726$608,265
X-15 Other assetsStart of year $4,056$42,727
X-16 Total assetsStart of year $753,991$781,470
X-17 Accounts payable and accrued expensesStart of year $6,389$53,075
X-25 Other liabilitiesStart of year $186,908$172,211
X-26 Total liabilitiesStart of year $1,616,790$1,658,718
X-27 Net assets without donor restrictionsStart of year −$862,799−$877,248
X-32 Total net assets or fund balancesStart of year −$862,799−$877,248
X-33 Total liabilities and net assetsStart of year $753,991$781,470
Part XI · Reconciliation of net assets −$877,248 net assets at year end
XI-1 Total revenue$300,585
XI-2 Total expenses$315,034
XI-3 Revenue less expenses−$14,449
XI-4 Net assets at start of year−$862,799
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$877,248

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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