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Rainbow Housing Assistance Corporation

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

EIN: 300108119 ✦ Glendale, AZ ✦ Designated as a 501(c)(3)

Overview

What is Rainbow Housing Assistance Corporation?

Rainbow Housing Assistance Corporation is a nonprofit organization situated in Glendale, Arizona. Its primary mission is to ensure the availability of safe and affordable housing for individuals and families categorized as low income and very low income. To accomplish this, Rainbow Housing Assists as the sole member of several Limited Liability Companies, which serve as co-general partners in various partnerships that own multifamily apartment housing properties. With a dedicated workforce of 95 employees, this organization is committed to enhancing residential living standards for those in need.


Official website here: www.rainbowhousing.org

Is Rainbow Housing Assistance Corporation legitimate?

Rainbow Housing Assistance Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rainbow Housing Assistance Corporation 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.

Here are some key statistics you may want to consider:

Executive Compensation: $321,923
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,845,759

For more financial information, click here


Official website here: www.rainbowhousing.org

What is the mission statement of Rainbow Housing Assistance Corporation?

Rainbow Housing Assistance Corporation is committed to facilitating the provision of safe and affordable housing for individuals and families falling under the low income and very low income categories. The corporation acts as the sole member for several limited liability companies, serving as co-general partners in various partnerships that own multifamily apartment housing properties, with the primary goal of making housing accessible for those in need. In essence, Rainbow Housing Assistance Corporation is dedicated to enhancing living conditions and promoting housing equity for financially vulnerable individuals and families.


Official website here: www.rainbowhousing.org

Who is the CEO of Rainbow Housing Assistance Corporation?

Flynann Janisse is the President of Rainbow Housing Assistance Corporation.


Official website here: www.rainbowhousing.org

What is the revenue of Rainbow Housing Assistance Corporation?

Rainbow Housing Assistance Corporation's revenue in 2022 was $4,295,442.


Official website here: www.rainbowhousing.org

Who are the executives of Rainbow Housing Assistance Corporation and what are their salaries?

The average compensation at Rainbow Housing Assistance Corporation during 2022 was $22,818. There are 95 employees at Rainbow Housing Assistance Corporation.

Here are 11 key members and their salaries:

    Flynann Janisse (Executive Director)
  • Compensation: $361,690
  • Related: $0
  • Other: $0

    • Joseph L Sherman (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gary Silversmith (Secretary/Chief Financial) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Keith Rosenthal (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joshua Allen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • K Nicole Asarch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Hugh Cobb (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Raynold Richardson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Donna Jones Daley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Costa (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kipling Sheppard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.rainbowhousing.org

    Where can I find the form 990 for Rainbow Housing Assistance Corporation?

    The Rainbow Housing Assistance Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.rainbowhousing.org

    Learn more at the official website: www.rainbowhousing.org

    Mission Statement of Rainbow Housing Assistance Corporation

    Rainbow Housing Assistance Corporation, a nonprofit organization, is committed to facilitating the provision of safe and affordable housing for low-income and very low-income individuals and their families. The corporation's mission is to serve as a vital partner in various housing ventures. It achieves this by being the sole member of several limited liability companies, which in turn, co-own multiple partnerships that manage multifamily apartment housing properties. By doing so, Rainbow Housing Assistance Corporation plays a significant role in ensuring that those who are financially disadvantaged have access to secure and reasonably priced living spaces.

    Impact

    This information is meant to be a general summary of Rainbow Housing Assistance Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Rainbow Housing Assistance Corporation's impact is clear: they provide safe and affordable housing for low income and very low income individuals and families. Through their efforts, they help ensure that those in need have a place to call home, creating stability and security for vulnerable populations. Their mission to facilitate the provision of housing for those in need demonstrates a commitment to improving the lives of individuals and families facing economic challenges. In doing so, Rainbow Housing Assistance Corporation plays a crucial role in addressing housing insecurity and helping to build stronger, more resilient communities.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

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

  • Investment Income: $392,393
  • Program Service Revenue: $3,807,884
  • Gross Receipts: $4,612,334

    • Assets and Liabilities:
  • Total Assets: $12,487,852
  • Total Liabilities: $99,767
  • Net Assets: $12,388,085
  • Programs

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

    RESIDENT SERVICES INCO

    Revenue

    $2,780,869

    OTHER INCOME

    Revenue

    $1,027,015

    Organization Details

    Founding Year

    2002

    Principal Officer

    Flynann Janisse

    Main Address

    18001 N 79TH AVENUE SUITE 72E, GLENDALE, AZ, 85308

    NTEE Category

    Code: L21 - Housing

    If you are a representative of Rainbow Housing Assistance Corporation 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.