Civic Intelligence

Over the Rainbow Unit I

990 • Fiscal year 2015 • EIN 47-4443135

Jan 01, 2015 to Dec 31, 2015 • Filed on Jul 20, 2016

2040 Brown AvenueEvanston, IL 60201

(847) 328-6633

Siviq Scores

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

Liabilities / Assets

97th percentile

2.40x

Higher debt load relative to assets than 97% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

99th percentile

4.02x

Higher debt load relative to revenue than 99% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

53rd percentile

4.5%

Higher net margin than 53% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

99th percentile

$140,303

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 85.9% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Assets

$273,363

No earlier filing loaded for comparison.

Net Assets

-$383,572

No earlier filing loaded for comparison.

Liabilities

$656,935

No earlier filing loaded for comparison.

Revenue

$163,380

No earlier filing loaded for comparison.

Expenses

$155,975

No earlier filing loaded for comparison.

Net Income

$7,405

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500K-$1.0MAssets 2015: $273,363Liabilities 2015: $656,935Net Assets 2015: -$383,5722015Assets 2016: $294,427Liabilities 2016: $644,006Net Assets 2016: -$349,5792016Assets 2017: $295,747Liabilities 2017: $623,514Net Assets 2017: -$327,7672017Assets 2018: $270,136Liabilities 2018: $601,974Net Assets 2018: -$331,8382018Assets 2019: $272,188Liabilities 2019: $597,909Net Assets 2019: -$325,7212019Assets 2020: $294,851Liabilities 2020: $620,921Net Assets 2020: -$326,0702020Assets 2021: $59,484Liabilities 2021: $594,294Net Assets 2021: -$534,8102021Assets 2022: $70,142Liabilities 2022: $590,217Net Assets 2022: -$520,0752022Assets 2023: $41,733Liabilities 2023: $615,048Net Assets 2023: -$573,3152023Assets 2024: $53,046Liabilities 2024: $635,153Net Assets 2024: -$582,1072024

Highlighted filing

2015

Assets$273,363
Liabilities$656,935
Net Assets-$383,572

Operations Trend

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

$200K$100K$0-$100KRevenue 2015: $163,380Expenses 2015: $155,975Net Income 2015: $7,4052015Revenue 2016: $166,809Expenses 2016: $132,816Net Income 2016: $33,9932016Revenue 2017: $167,319Expenses 2017: $145,507Net Income 2017: $21,8122017Revenue 2018: $168,895Expenses 2018: $172,966Net Income 2018: -$4,0712018Revenue 2019: $171,298Expenses 2019: $165,181Net Income 2019: $6,1172019Revenue 2020: $162,970Expenses 2020: $163,319Net Income 2020: -$3492020Revenue 2021: $149,204Expenses 2021: $184,070Net Income 2021: -$34,8662021Revenue 2022: $176,987Expenses 2022: $160,047Net Income 2022: $16,9402022Revenue 2023: $159,909Expenses 2023: $181,211Net Income 2023: -$21,3022023Revenue 2024: $177,783Expenses 2024: $178,275Net Income 2024: -$4922024

Highlighted filing

2015

Revenue$163,380
Expenses$155,975
Net Income$7,405
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jul 20, 2016
Return Version
2015v2.1
Gross Receipts
$163,380
Mission and Program Overview

Mission

The main purpose of our organization is to provide and maintain barrier- free living environments for low-income, physically handicapped adults.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$184,394-
Cash and Non-Interest-Bearing Accounts-$10,090-
Prepaid Expenses and Deferred Charges-$1,379-
Accounts Receivable-$5-
Total Assets$0$273,363▲ $273,363
Other Assets Total-$77,495-
Liabilities
Mortgage Notes Payable Secured by Investment Property-$491,924-
Accounts Payable and Accrued Expenses-$163,703-
Other Liabilities-$1,308-
Total Liabilities$0$656,935▲ $656,935
Net Assets / Fund Balance
Unrestricted Net Assets-$-383,572-
Total Net Assets Fund Balance$0$-383,572▼ $383,572
Total Liabilities and Net Assets / Fund Balance$0$273,363▲ $273,363

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$128,170$605,568$733,738
Land$49,231-$49,231
Equipment$6,993-$6,993
Other Assets Org$1,809--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Eric HuffmanPresident/ex$140,303$140,303
Les RussoDirector of Fina$93,500$93,500

Board Members and Trustees

NameTitle
Lisa PassenSecretary
Joe DunnTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$145,384
Program Service Revenue
$17,975
Investment Income
$21
Other Revenue
$0
Change in Net Assets
$7,405
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$114,502
Salaries, Compensation, and Employee Benefits$41,473
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$12,953$16,969-$29,922
Interest$25,186--$25,186
Depreciation Depletion$23,455--$23,455
Occupancy$14,860--$14,860
All Other Expenses$6,531$2,856-$9,387
Other Employee Benefits$8,370--$8,370
Office Expenses-$6,533-$6,533
Fees for Services Accounting-$4,493-$4,493
Other Expenses$3,515$6,072-$3,515
Payroll Taxes$3,181--$3,181
Fees for Services Legal-$3,047-$3,047
Total Functional Expenses$116,005$39,970$0$155,975
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 Security Deposits$1,308
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

MEMBERS

Form 990, Page 6, Part VI, Line 7A

The organization's bylaws provides that "the board of directors shall be elected by the vote of a majority of the members."

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

The form 990 is presented to the finance and audit committee, which reviews the tax return before it is signed by the executive director.

Form 990, Page 6, Part VI, Line 12C

Directors, officers, or any member of a committee are to scrupulously avoid transactions in which a director, officer, or a member of a committee has a personal or material financial interest, or with entities of which the director, officer, or member of a committee is an officer, director, or general partner. The otr conflict of interest policy (addendum b to the bylaws of the association and all of its subsidiaries) defines interested person, financial interest, and duty to disclose, along with the board process for determining whether a conflict exists, procedures for addressing a conflict of interest, and procedures for addressing a violation of the conflict of interest policies.

Form 990, Page 6, Part VI, Line 15A

Performance evaluations on staff are done annually. Although not directly tied to compensation, they are certainly relevant to the compensation decision process. All performance evaluations are handed to the executive director and reviewed by him and the compensation committee of the board of directors (independent volunteers). The independent compensation committee separately reviews the performance and compensation of the executive director. The comp committee is empowered by the board to approve any/all starting salaries of new employees and any/all raises or bonuses to existing staff, officers, key employees, and the executive director. From time-to-time, salary comparability data is reviewed by the comp committee in order to remain competitive with other non-profit organizations for quality talent.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Over the Rainbow Unit I
EIN
47-4443135
Phone
8473286633
Address
2040 BROWN AVENUE, EVANSTON, IL 60201

Signing Officer

Name
Eric Huffman
Title
President/exec Direc
Phone
8473286633
Signed
2016-07-20

Organization Details

Principal Officer
Eric Huffman
Formed
2015
Legal Domicile
Il
Voting Board Members
2
Independent Board Members
2
Employees
0

Preparer

Firm
Hinrichs & Associates Ltd
Address
1000 SHELARD PARKWAY SUITE 110, MINNEAPOLIS, MN 55426
Preparer
Anthony J Hinrichs
Phone
9525428010
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

During 2015 the belden apartments became a seperate entity. In previous years belden apartments was included in the consolidated return filed under over the rainbow association for nonambulatory physically handicapped.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S BYLAWS PROVIDES THAT "THE BOARD OF DIRECTORS SHALL BE ELECTED BY THE VOTE OF A MAJORITY OF THE MEMBERS."
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS PRESENTED TO THE FINANCE AND AUDIT COMMITTEE, WHICH REVIEWS THE TAX RETURN BEFORE IT IS SIGNED BY THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DIRECTORS, OFFICERS, OR ANY MEMBER OF A COMMITTEE ARE TO SCRUPULOUSLY AVOID TRANSACTIONS IN WHICH A DIRECTOR, OFFICER, OR A MEMBER OF A COMMITTEE HAS A PERSONAL OR MATERIAL FINANCIAL INTEREST, OR WITH ENTITIES OF WHICH THE DIRECTOR, OFFICER, OR MEMBER OF A COMMITTEE IS AN OFFICER, DIRECTOR, OR GENERAL PARTNER. THE OTR CONFLICT OF INTEREST POLICY (ADDENDUM B TO THE BYLAWS OF THE ASSOCIATION AND ALL OF ITS SUBSIDIARIES) DEFINES INTERESTED PERSON, FINANCIAL INTEREST, AND DUTY TO DISCLOSE, ALONG WITH THE BOARD PROCESS FOR DETERMINING WHETHER A CONFLICT EXISTS, PROCEDURES FOR ADDRESSING A CONFLICT OF INTEREST, AND PROCEDURES FOR ADDRESSING A VIOLATION OF THE CONFLICT OF INTEREST POLICIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PERFORMANCE EVALUATIONS ON STAFF ARE DONE ANNUALLY. ALTHOUGH NOT DIRECTLY TIED TO COMPENSATION, THEY ARE CERTAINLY RELEVANT TO THE COMPENSATION DECISION PROCESS. ALL PERFORMANCE EVALUATIONS ARE HANDED TO THE EXECUTIVE DIRECTOR AND REVIEWED BY HIM AND THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS (INDEPENDENT VOLUNTEERS). THE INDEPENDENT COMPENSATION COMMITTEE SEPARATELY REVIEWS THE PERFORMANCE AND COMPENSATION OF THE EXECUTIVE DIRECTOR. THE COMP COMMITTEE IS EMPOWERED BY THE BOARD TO APPROVE ANY/ALL STARTING SALARIES OF NEW EMPLOYEES AND ANY/ALL RAISES OR BONUSES TO EXISTING STAFF, OFFICERS, KEY EMPLOYEES, AND THE EXECUTIVE DIRECTOR. FROM TIME-TO-TIME, SALARY COMPARABILITY DATA IS REVIEWED BY THE COMP COMMITTEE IN ORDER TO REMAIN COMPETITIVE WITH OTHER NON-PROFIT ORGANIZATIONS FOR QUALITY TALENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DURING 2015 THE BELDEN APARTMENTS BECAME A SEPERATE ENTITY. IN PREVIOUS YEARS BELDEN APARTMENTS WAS INCLUDED IN THE CONSOLIDATED RETURN FILED UNDER OVER THE RAINBOW ASSOCIATION FOR NONAMBULATORY PHYSICALLY HANDICAPPED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
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IRS990/WebsiteAddressTxt0WWW.OTRASSN.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ERIC HUFFMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/EXEC DIREC
ReturnHeader/BusinessOfficerGrp/PhoneNum08473286633
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-07-20
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