Civic Intelligence

Rainbow Village Apts Inc.

990 • Fiscal year 2017 • EIN 23-7240503

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 12, 2018

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

50th percentile

0.09x

Higher debt load relative to assets than 50% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

61st percentile

0.17x

Higher debt load relative to revenue than 61% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

73rd percentile

15%

Higher net margin than 73% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

73rd percentile

13%

Faster asset growth than 73% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

33rd percentile

-1.6%

Faster revenue growth than 33% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets50th percentile

Assets

Up

$1,094,904

Up $123,678 (+13%) from 2016

Net Assets

Up

$992,354

Up $89,584 (+9.9%) from 2016

Liabilities

Up

$102,550

Up $34,094 (+50%) from 2016

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin73rd percentile

Revenue

Down

$590,367

Down $9,708 (-1.6%) from 2016

Expenses

Up

$500,783

Up $27,056 (+5.7%) from 2016

Net Income

Down

$89,584

Down $36,764 (-29%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth73rd 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

2017

Assets$1,094,904
Liabilities$102,550
Net Assets$992,354
Open 2017 Filing

Operations Trend

Revenue Growth33rd 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

2017

Revenue$590,367
Expenses$500,783
Net Income$89,584
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 12, 2018
Return Version
2017v2.3
Gross Receipts
$590,367
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$706,614$840,340▲ $133,726
Cash and Non-Interest-Bearing Accounts$185,775$160,484▼ $25,291
Prepaid Expenses and Deferred Charges$19,302$29,402▲ $10,100
Accounts Receivable$26,105$17,495▼ $8,610
Total Assets$971,226$1,094,904▲ $123,678
Other Assets Total$33,430$47,183▲ $13,753
Liabilities
Accounts Payable and Accrued Expenses$31,350$61,831▲ $30,481
Other Liabilities$37,106$40,719▲ $3,613
Total Liabilities$68,456$102,550▲ $34,094
Net Assets / Fund Balance
Unrestricted Net Assets$902,770$992,354▲ $89,584
Total Net Assets Fund Balance$902,770$992,354▲ $89,584
Total Liabilities and Net Assets / Fund Balance$971,226$1,094,904▲ $123,678

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$752,633$1,724,129$2,476,762
Equipment$8,707$124,563$133,270
Land$79,000-$79,000
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$218,733
Program Service Revenue
$371,578
Investment Income
$56
Other Revenue
$0
Change in Net Assets
$89,584
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$500,783
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$114,753--$114,753
Depreciation Depletion$53,765--$53,765
All Other Expenses$51,341--$51,341
Fees for Services Management$45,343--$45,343
Other Expenses$14,188--$14,188
Office Expenses$7,831--$7,831
Advertising$4,415--$4,415
Fees for Services Accounting$4,200--$4,200
Insurance$2,486--$2,486
Fees for Services Legal$1,251--$1,251
Total Functional Expenses$500,783$0$0$500,783
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$31,881
Prepaid Rent$8,838
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
2018-06-12

Organization Details

Principal Officer
Jerry Kalina
Formed
1976
Legal Domicile
Or
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

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.”

Form 990, Part IX, Line 24E

“Payroll taxes 13,936 0 0 maintenance supplies 11,401 0 0 compliance review 9,681 0 0 security labor/contract 5,129 0 0 licenses & permits 4,224 0 0 training 4,037 0 0 administrative costs 2,933 0 0 total 51,341 0 0”

Financial Statement Notes

Schedule D, Page 3, Part X

“Federal and state taxes - the corporation is a non-profit tax-exempt corporation under irc 501(c)(3) for federal purposes, and as a non-profit tax-exempt corporation is not required to file a state corporate tax return. Management of the project has analyzed the tax positions taken by the project and has concluded that as of december 31, 2017 there are no uncertain positions taken or expected to be taken that would require disclosure in the financial statements. The project is subject to routine audits by taxing jurisdictions; however there are currently no audits for any tax period in progress. The project's management believes it is no longer subject to income tax examinations for years prior to december 31, 2014.”

Raw XML Appendix386 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/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0269843
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt018
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt032
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0208
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01726453
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IRS990ScheduleA/PublicSupportPY170Pct00.99970
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0218733
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0222787
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0269843
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01115849
IRS990ScheduleA/TotalSupportAmt01116181
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0752633
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01724129
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02476762
IRS990ScheduleD/EquipmentGrp/BookValueAmt08707
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0124563
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0133270
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt079000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt079000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt031881
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt18838
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT DEPOSIT LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PREPAID RENT
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FEDERAL AND STATE TAXES - THE CORPORATION IS A NON-PROFIT TAX-EXEMPT CORPORATION UNDER IRC 501(C)(3) FOR FEDERAL PURPOSES, AND AS A NON-PROFIT TAX-EXEMPT CORPORATION IS NOT REQUIRED TO FILE A STATE CORPORATE TAX RETURN. MANAGEMENT OF THE PROJECT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PROJECT AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2017 THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PROJECT IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIOD IN PROGRESS. THE PROJECT'S MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO DECEMBER 31, 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0840340
IRS990ScheduleD/TotalLiabilityAmt040719
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/ExplanationTxt3PAYROLL TAXES 13,936 0 0 MAINTENANCE SUPPLIES 11,401 0 0 COMPLIANCE REVIEW 9,681 0 0 SECURITY LABOR/CONTRACT 5,129 0 0 LICENSES & PERMITS 4,224 0 0 TRAINING 4,037 0 0 ADMINISTRATIVE COSTS 2,933 0 0 TOTAL 51,341 0 0
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 24E
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IRS990/StatesWhereCopyOfReturnIsFldCd0OR
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt01094904
IRS990/TotalAssetsGrp/BOYAmt0971226
IRS990/TotalAssetsGrp/EOYAmt01094904
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0218733
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0500783
IRS990/TotalFunctionalExpensesGrp/TotalAmt0500783
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt068456
IRS990/TotalLiabilitiesEOYAmt0102550
IRS990/TotalLiabilitiesGrp/BOYAmt068456
IRS990/TotalLiabilitiesGrp/EOYAmt0102550
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IRS990/TotalProgramServiceExpensesAmt0500783
IRS990/TotalProgramServiceRevenueAmt0371578
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0371578
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0590367
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0971226
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01094904
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0902770
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0992354
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02506 MOON MT DRIVE
IRS990/USAddress/CityNm0EUGENE
IRS990/USAddress/StateAbbreviationCd0OR
IRS990/USAddress/ZIPCd097403
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JERRY KALINA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05413446444
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-06-12
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
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0CEE0E9ED9D72243329741AB28EDF699F0E4B4116
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt074.203.59.35
ReturnHeader/FilingSecurityInformation/IPDt02018-06-19
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm013:26:58
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/PreparationDt02018-06-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVEN R BJORKLUND
ReturnHeader/ReturnTs02018-06-19T11:26:58-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,094,904
Liabilities
$102,550
Net assets
$992,354
Revenue
$590,367
Expenses
$500,783
Net income
$89,584
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