Civic Intelligence

Rainbow Village Apts Inc.

990 • Fiscal year 2014 • EIN 23-7240503

Jan 01, 2014 to Dec 31, 2014 • Filed on May 04, 2015

Organization ProfileRAINBOWVILLAGEAPARTMENTS.COM
1250 Rainbow DriveSpringfield, OR 97477

(541) 344-6444

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

56th percentile

0.08x

Higher debt load relative to assets than 56% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

65th percentile

0.12x

Higher debt load relative to revenue than 65% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

75th percentile

17%

Higher net margin than 75% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

70th percentile

12%

Faster asset growth than 70% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

26th percentile

-7.7%

Faster revenue growth than 26% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$796,495

Up $82,963 (+12%) from 2013

Net Assets

Up

$734,943

Up $91,182 (+14%) from 2013

Liabilities

Down

$61,552

Down $8,219 (-12%) from 2013

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin75th percentile

Revenue

Down

$532,020

Down $44,084 (-7.7%) from 2013

Expenses

Down

$440,838

Down $41,950 (-8.7%) from 2013

Net Income

Down

$91,182

Down $2,134 (-2.3%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth70th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $704,520Liabilities 2011: $237,944Net Assets 2011: $466,5762011Assets 2012: $702,281Liabilities 2012: $151,836Net Assets 2012: $550,4452012Assets 2013: $713,532Liabilities 2013: $69,771Net Assets 2013: $643,7612013Assets 2014: $796,495Liabilities 2014: $61,552Net Assets 2014: $734,9432014Assets 2015: $839,991Liabilities 2015: $63,569Net Assets 2015: $776,4222015Assets 2016: $971,226Liabilities 2016: $68,456Net Assets 2016: $902,7702016Assets 2017: $1,094,904Liabilities 2017: $102,550Net Assets 2017: $992,3542017Assets 2018: $1,031,401Liabilities 2018: $42,924Net Assets 2018: $988,4772018Assets 2019: $1,101,559Liabilities 2019: $60,664Net Assets 2019: $1,040,8952019Assets 2020: $1,338,389Liabilities 2020: $64,391Net Assets 2020: $1,273,9982020Assets 2021: $1,549,424Liabilities 2021: $50,448Net Assets 2021: $1,498,9762021Assets 2022: $1,744,489Liabilities 2022: $58,246Net Assets 2022: $1,686,2432022Assets 2023: $1,812,625Liabilities 2023: $77,031Net Assets 2023: $1,735,5942023Assets 2024: $2,187,960Liabilities 2024: $221,422Net Assets 2024: $1,966,5382024

Highlighted filing

2014

Assets$796,495
Liabilities$61,552
Net Assets$734,943
Open 2014 Filing

Operations Trend

Revenue Growth26th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2011: $465,5722011Expenses 2012: $474,5452012Revenue 2013: $576,104Expenses 2013: $482,788Net Income 2013: $93,3162013Revenue 2014: $532,020Expenses 2014: $440,838Net Income 2014: $91,1822014Revenue 2015: $544,028Expenses 2015: $502,549Net Income 2015: $41,4792015Revenue 2016: $600,075Expenses 2016: $473,727Net Income 2016: $126,3482016Revenue 2017: $590,367Expenses 2017: $500,783Net Income 2017: $89,5842017Revenue 2018: $602,920Expenses 2018: $606,797Net Income 2018: -$3,8772018Revenue 2019: $718,556Expenses 2019: $666,932Net Income 2019: $51,6242019Revenue 2020: $867,722Expenses 2020: $634,619Net Income 2020: $233,1032020Revenue 2021: $896,909Expenses 2021: $671,931Net Income 2021: $224,9782021Revenue 2022: $897,465Expenses 2022: $710,198Net Income 2022: $187,2672022Revenue 2023: $925,106Expenses 2023: $875,755Net Income 2023: $49,3512023Revenue 2024: $1,088,600Expenses 2024: $857,656Net Income 2024: $230,9442024

Highlighted filing

2014

Revenue$532,020
Expenses$440,838
Net Income$91,182
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 4, 2015
Return Version
2014v5.0
Gross Receipts
$532,020
Mission and Program Overview

Mission

A non-profit apartment complex run by the local presbyterian churches to provide low-income housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$323,967$634,723▲ $310,756
Cash and Non-Interest-Bearing Accounts$16,628$112,419▲ $95,791
Prepaid Expenses and Deferred Charges$13,667$13,169▼ $498
Accounts Receivable$9,514$2,751▼ $6,763
Total Assets$713,532$796,495▲ $82,963
Other Assets Total$349,756$33,433▼ $316,323
Liabilities
Other Liabilities$37,311$36,441▼ $870
Accounts Payable and Accrued Expenses$24,508$25,111▲ $603
Mortgage Notes Payable Secured by Investment Property$7,952--
Total Liabilities$69,771$61,552▼ $8,219
Net Assets / Fund Balance
Unrestricted Net Assets$643,761$734,943▲ $91,182
Total Net Assets Fund Balance$643,761$734,943▲ $91,182
Total Liabilities and Net Assets / Fund Balance$713,532$796,495▲ $82,963

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$550,419$1,578,717$2,129,136
Equipment$5,304$118,937$124,241
Land$79,000-$79,000
Compensation and Service Providers
Top Officer Pay47th percentile

Board Members and Trustees

NameTitle
Jerry KalinaPresident
Betty Jean BurnettDirector
Delayne MartysusDirector
Howard RulandDirector
Janette DillDirector
Steve MillerDirector
Valjean TurkDirector
Bob SandersSecretary
Quentin HolmesTreasurer
Lu-nita HawkinsVice-pres.
Revenue and Support

Revenue Composition

Contributions and Grants
$222,787
Program Service Revenue
$309,201
Investment Income
$32
Other Revenue
$0
Change in Net Assets
$91,182
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$440,838
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$96,939--$96,939
All Other Expenses$41,068--$41,068
Fees for Services Management$40,936--$40,936
Depreciation Depletion$27,530--$27,530
Other Expenses$14,738--$14,738
Office Expenses$11,840--$11,840
Advertising$4,188--$4,188
Fees for Services Accounting$4,000--$4,000
Insurance$3,327--$3,327
Fees for Services Other$3,105--$3,105
Total Functional Expenses$440,838$0$0$440,838
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Deposit Liability$33,133
Prepaid Rent$3,308
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Form 990 is reviewed by the executive board.”

Form 990, Page 6, Part VI, Line 19

“Governing documents and financial statements are available to the public by request form the organization. Financial information is also avaialable from the oregon department of justice.”

Filing and Contact Details

Filer

Filer Name
Rainbow Village Apts Inc
EIN
23-7240503
Phone
5413446444
Address
1250 RAINBOW DRIVE, SPRINGFIELD, OR 97477

Signing Officer

Name
Jerry Kalina
Title
President
Phone
5413446444
Signed
2015-05-04

Organization Details

Principal Officer
Jerry Kalina
Formed
1976
Legal Domicile
Or
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
10

Preparer

Firm
BJORKLUND & MONTPLAISIR CPA'S
Address
9020 SW WASHINGTON SQ RD SUITE 46, PORTLAND, OR 97223
Preparer
Steven R Bjorklund
Phone
5036436400
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“The corporation provides low income housing under section 236 of the national housing act. Operations are subject rules and regulations of hud. There are 80 units.”

Raw XML Appendix389 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt032
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0208
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt059
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0335
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0385
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01019
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01409883
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99920
IRS990ScheduleA/PublicSupportPY170Pct00.99900
IRS990ScheduleA/PublicSupportTotal170Amt01339465
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0222787
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0269843
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0275467
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0550419
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01578717
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02129136
IRS990ScheduleD/EquipmentGrp/BookValueAmt05304
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0118937
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0124241
IRS990ScheduleD/LandGrp/BookValueAmt079000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt079000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt033133
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13308
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT DEPOSIT LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PREPAID RENT
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0634723
IRS990ScheduleD/TotalLiabilityAmt036441
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION PROVIDES LOW INCOME HOUSING UNDER SECTION 236 OF THE NATIONAL HOUSING ACT. OPERATIONS ARE SUBJECT RULES AND REGULATIONS OF HUD. THERE ARE 80 UNITS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY THE EXECUTIVE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC BY REQUEST FORM THE ORGANIZATION. FINANCIAL INFORMATION IS ALSO AVAIALABLE FROM THE OREGON DEPARTMENT OF JUSTICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OR
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0796495
IRS990/TotalAssetsGrp/BOYAmt0713532
IRS990/TotalAssetsGrp/EOYAmt0796495
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0222787
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt061552
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IRS990/TotalLiabilitiesGrp/EOYAmt061552
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0643761
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0734943
IRS990/TotalProgramServiceExpensesAmt0440838
IRS990/TotalProgramServiceRevenueAmt0309201
IRS990/TotalRevenueGrp/ExclusionAmt032
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0309201
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0532020
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0713532
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0796495
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0643761
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0734943
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02506 MOON MT DRIVE
IRS990/USAddress/CityNm0EUGENE
IRS990/USAddress/StateAbbreviationCd0OR
IRS990/USAddress/ZIPCd097403
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JERRY KALINA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05413446444
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RAINBOW VILLAGE APTS INC
ReturnHeader/Filer/BusinessNameControlTxt0RAIN
ReturnHeader/Filer/EIN0237240503
ReturnHeader/Filer/PhoneNum05413446444
ReturnHeader/Filer/USAddress/AddressLine1Txt01250 RAINBOW DRIVE
ReturnHeader/Filer/USAddress/CityNm0SPRINGFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OR
ReturnHeader/Filer/USAddress/ZIPCd097477
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0931015766
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BJORKLUND & MONTPLAISIR CPA'S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09020 SW WASHINGTON SQ RD SUITE 46
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PORTLAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd097223
ReturnHeader/PreparerPersonGrp/PhoneNum05036436400
ReturnHeader/PreparerPersonGrp/PreparationDt02015-05-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVEN R BJORKLUND
ReturnHeader/ReturnTs02015-05-07T14:58:29-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$796,495
Liabilities
$61,552
Net assets
$734,943
Revenue
$532,020
Expenses
$440,838
Net income
$91,182
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.19$0.22$1.97$1.09$0.86$0.23
2023Detailed filing. Detailed filing data is available for this year.$1.81$0.08$1.74$0.93$0.88$0.05
2022Detailed filing. Detailed filing data is available for this year.$1.74$0.06$1.69$0.90$0.71$0.19
2021Detailed filing. Detailed filing data is available for this year.$1.55$0.05$1.50$0.90$0.67$0.22
2020Detailed filing. Detailed filing data is available for this year.$1.34$0.06$1.27$0.87$0.63$0.23
2019Detailed filing. Detailed filing data is available for this year.$1.10$0.06$1.04$0.72$0.67$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.03$0.04$0.99$0.60$0.61$0.00
2017Detailed filing. Detailed filing data is available for this year.$1.09$0.10$0.99$0.59$0.50$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.97$0.07$0.90$0.60$0.47$0.13
2015Detailed filing. Detailed filing data is available for this year.$0.84$0.06$0.78$0.54$0.50$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.80$0.06$0.73$0.53$0.44$0.09
2013Detailed filing. Detailed filing data is available for this year.$0.71$0.07$0.64$0.58$0.48$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.70$0.15$0.55$0.47
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.70$0.24$0.47$0.47
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)3 • $500k-$1M nonprofits