Civic Intelligence

Rainbow House Inc

EIN 58-1836963 • 501(c)3 • Atlanta, GA

Profile

To provide comprehensive services to restore, heal, and rebuild the lives of children and families. The organization filed Chpt 7 bankruptcy on 6/7/2023.

coNG TTEE 1600 Parkwood Cir STE 200Atlanta, GA 30339

www.rainbowhouseinc.org (website has been taken down due to bankruptcy)

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

91st percentile

0.83x

Higher debt load relative to assets than 91% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

92nd percentile

1.86x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

7th percentile

-48%

Higher net margin than 7% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

14th percentile

-11%

Faster asset growth than 14% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

77th percentile

32%

Faster revenue growth than 77% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$0

Down $2,592,252 (-100%) from 2022

Liabilities

Down

$286,001

Down $1,868,087 (-87%) from 2022

Net Assets

Down

-$286,001

Down $724,165 (-165%) from 2022

Revenue

Down

-$698,732

Down $1,854,910 (-160%) from 2022

Expenses

Down

$25,433

Down $1,679,940 (-99%) from 2022

Net Income

Down

-$724,165

Down $174,970 (-32%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $991,854Liabilities 2011: $45,860Net Assets 2011: $945,9942011Assets 2012: $940,843Liabilities 2012: $38,760Net Assets 2012: $902,0832012Assets 2013: $896,314Liabilities 2013: $44,073Net Assets 2013: $852,2412013Assets 2014: $964,986Liabilities 2014: $51,881Net Assets 2014: $913,1052014Assets 2015: $825,343Liabilities 2015: $36,142Net Assets 2015: $789,2012015Assets 2016: $757,534Liabilities 2016: $4,637Net Assets 2016: $752,8972016Assets 2017: $656,028Liabilities 2017: $8,386Net Assets 2017: $647,6422017Assets 2018: $724,872Liabilities 2018: $42,549Net Assets 2018: $682,3232018Assets 2019: $814,362Liabilities 2019: $11,228Net Assets 2019: $803,1342019Assets 2020: $1,019,301Liabilities 2020: $263,043Net Assets 2020: $756,2582020Assets 2021: $2,902,427Liabilities 2021: $2,279,984Net Assets 2021: $622,4432021Assets 2022: $2,592,252Liabilities 2022: $2,154,088Net Assets 2022: $438,1642022Assets 2023: $0Liabilities 2023: $286,001Net Assets 2023: -$286,0012023

Highlighted filing

2023

Assets$0
Liabilities$286,001
Net Assets-$286,001

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2011: $970,3152011Expenses 2012: $859,2122012Revenue 2013: $775,745Expenses 2013: $825,587Net Income 2013: -$49,8422013Revenue 2014: $988,466Expenses 2014: $927,602Net Income 2014: $60,8642014Revenue 2015: $1,071,827Expenses 2015: $1,009,047Net Income 2015: $62,7802015Revenue 2016: $1,137,860Expenses 2016: $1,179,914Net Income 2016: -$42,0542016Revenue 2017: $1,077,943Expenses 2017: $1,185,998Net Income 2017: -$108,0552017Revenue 2018: $1,365,511Expenses 2018: $1,330,830Net Income 2018: $34,6812018Revenue 2019: $1,442,863Expenses 2019: $1,322,052Net Income 2019: $120,8112019Revenue 2020: $1,322,510Expenses 2020: $1,369,386Net Income 2020: -$46,8762020Revenue 2021: $878,574Expenses 2021: $1,169,564Net Income 2021: -$290,9902021Revenue 2022: $1,156,178Expenses 2022: $1,705,373Net Income 2022: -$549,1952022Revenue 2023: -$698,732Expenses 2023: $25,433Net Income 2023: -$724,1652023

Highlighted filing

2023

Revenue-$698,732
Expenses$25,433
Net Income-$724,165

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 31, 2024
Return Version
2023v5.1
Gross Receipts
$1,854,492
Mission and Program Overview

Mission

Rainbow house, inc holds as its mission to provide comprehensive services that restore, heal, and rebuild the lives of children and families.

To provide comprehensive services to restore, heal, and rebuild the lives of children and families. The organization filed Chpt 7 bankruptcy on 6/7/2023.

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets$2,140,282--
Land, Buildings, and Equipment, Net$399,356--
Cash and Non-Interest-Bearing Accounts$52,614--
Total Assets$2,592,252$0▼ $2,592,252
Liabilities
Other Liabilities$2,154,088$286,001▼ $1,868,087
Total Liabilities$2,154,088$286,001▼ $1,868,087
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$438,164$-286,001▼ $724,165
Total Net Assets Fund Balance$438,164$-286,001▼ $724,165
Total Liabilities and Net Assets / Fund Balance$2,592,252$0▼ $2,592,252
Compensation and Service Providers

Board Members and Trustees

NameTitle
Monica ScottFormer Board Chair
Patricia JordanFormer Co-Chair
Neil C GordonBankruptcy Trustee
Carol YancyFormer Board Member
Danielle WilliamsFormer Board Member
Josh EberhatFormer Board Member
Latoya SmithFormer Board Member
Mandela WiseFormer Board Member
Rhea GumbsFormer Board Member
Sadie WiseFormer Board Member
Yoshica WrightFormer Board Member
Kenny RichardsonFormer Assist Secretary
Arletta BenderFormer Assist Treasurer
April PrestonFormer Secretary
Angela SmithFormer Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$-2,503,374
Other Revenue
$1,804,642
Change in Net Assets
$-724,165
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$25,433
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
Fees for Services Accounting-$10,200-$10,200
Fees for Services Legal-$8,000-$8,000
Fees for Services Other-$7,233-$7,233
Total Functional Expenses$0$25,433$0$25,433
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
Federal income taxes$286,001
Long Term Portion of Lease Liability-
Short Term Portion of Lease Liability-
Accounts Payalbe and Other Liabilities Schedule 1-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 15A

Compensation Process for Top Official. Compensation was reviewed by the Board of Directors. After the Bankruptcy filing on 6/7/2023, all Officers Directors, Board Members and employees left the organization and the organizations regular operations ceased. The compensation commission paid to the Bankruptcy Trustee is set by the Bankruptcy Code based on disbursements and is subject to creditor review and the review of the Office of the United States Trustee and the Bankruptcy judge.

Form 990, Part VI, Line 15B

Compensation Process for Officers. Compensation was reviewed by the Board of Directors. After the Bankruptcy filing on 6/7/2023, all Officers, Directors, Board Members and employees left the organization and the organizations regular operations ceased. The compensation commission paid to the Bankruptcy Trustee is set by the Bankruptcy Code based on disbursements and is subject to creditor review and the review of the Office of the United States Trustee and the Bankruptcy judge.

Form 990, Part VI, Line 19

Governing Documents Disclosure Explanation - All documents are made available upon request.

Form 990, Part VI, Section A, Line 9

As of 6/7/2023 the organization filed Chapter 7 bankrutpcy and all operations of the organization ceased. All board members, officers, directors and key emploiyees are no longer providing services in their positions and their addresses and contact information are unknown, except for the former Board Chair - Monica Scott. Her email address is mgsprofessionalgmail.com.

Filing and Contact Details

Filer

Filer Name
Rainbow House Inc
EIN
58-1836963
Phone
4046405917
Address
coNG TTEE 1600 Parkwood Cir STE 200, Atlanta, GA 30339

Signing Officer

Name
Nel C Gordon
Title
Chpt 7 Bankruptcy Trustee
Phone
4046405917
Signed
2024-07-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nel C Gordon
Formed
1988
Legal Domicile
Ga
Voting Board Members
1
Independent Board Members
1
Employees
0

Preparer

Firm
Stonebridge Accounting & Forensics LLC
Address
PO Box 1290, Grayson, GA 30017
Preparer
Robert Albretsen
Phone
4702994648
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

Rainbow House filed Chapter 7 Bankruptcy on 6/7/2023 and ceased all operations. A banrkuptcy trustee was appointed and he has been recovering/selling assets in order to make a distribution to creditors. All employees and board members ceased to be involved with the company as of 6/7/2023.

Form 990, Part IV, Line 12C

Conflict of Interest Additional Information - Any conflict of interest, potential conflict of interest, or the appearance of a conflict of interest was required to be reported to the Board.

Form 990, Part IV, Line 11B

The Organizations process to review Form 990. The bankruptcy trustee for the organization employed a Stonebridge Accounting Forenics LLC to prepared the 990 and it was given to the bankruptcy trustee to review before filing.

Form 990, Part IX, Line 11G

Other Fees for Services - This amount consists of the amounts paid to the Bankruptcy Trustee for his commission. The commission is determined by a formula within the US Bankruptcy Code and is bsed on the disbursements made by the Trustee. The compensation is subject to review by creditors, the Office of the United State Trustee and the bankruptcy judge.

Form 990, Part II, Line Paid Preparer Use

Paid Preparers Signature Block - See Attached Accountants Disclosure Statement - Return is filed under the provisions of 11 USC Section 505b.

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IRS990/PartialLiquidationInd0true
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Nel C Gordon
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01156127
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt051
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01705373
IRS990/PYRevenuesLessExpensesAmt0-549195
IRS990/PYTotalExpensesAmt01705373
IRS990/PYTotalRevenueAmt01156178
IRS990/ReconcilationRevenueExpnssAmt0-724165
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/FactsAndCircumstancesTestTxt0Part II Section A Line 1 There is no informaiton availabie for 2023 because accounting information was not provided by the Organization to the Chapter 7 Bankruptcy Trustee and all officers, board members and employees are not avaialbe to provide such information. The organization ceased operations on 6/7/2023 with the filing of Chapter 7 bankruptcy.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0There is no informaiton availabie for 2023 because accounting information was not provided by the Organization to the Chapter 7 Bankruptcy Trustee and all officers, board members and employees are not avaialbe to provide such information. The organization ceased operations on 6/7/2023 with the filing of Chapter 7 bankruptcy.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part II Section B Line 7
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01156127
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0878187
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02034314
IRS990ScheduleA/PrivateFoundation509Ind0X
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt02034314
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01156127
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0878187
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02034314
IRS990ScheduleA/TotalSupportAmt02034314
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0286001
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Long Term Portion of Lease Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Short Term Portion of Lease Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Accounts Payalbe and Other Liabilities Schedule 1
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalLiabilityAmt0286001
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleN/AssetsDistributedInd0false
IRS990ScheduleN/BondsOutstandingInd0false
IRS990ScheduleN/DirectorOfSuccessorInd0false
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0Land - Grant Road, Ellenwood, GA 30294
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc12018 Honda Odyssey
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc22014 Econoline Wagon
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc32011 Ford Econoline Wagon
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc4Asset lots 100 through 320
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc5Right of Use Intangible Asset
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt0Iconic Investors LLC
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02021-11-21
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt12021-11-21
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt22021-11-21
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt32021-11-21
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt42021-11-21
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt52021-11-21
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt04950
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt117825
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt28337
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt32300
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt416420
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0Competitive Auction
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt1Competitive Auction
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt2Competitive Auction
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt3Competitive Auction
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt4Competitive Auction
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt5Asset was abandoned
IRS990ScheduleN/DispositionOfAssetsDetail/PersonNm0Roger Williamson
IRS990ScheduleN/DispositionOfAssetsDetail/PersonNm1Roger Williamson
IRS990ScheduleN/DispositionOfAssetsDetail/PersonNm2Dost Mohammad
IRS990ScheduleN/DispositionOfAssetsDetail/PersonNm3Numerous Individuals
IRS990ScheduleN/DispositionOfAssetsDetail/PersonNm4Asset was abandoned
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt0615 Hutel Dr
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0McDonough
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0GA
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd030262
IRS990ScheduleN/EmployeeOfSuccessorInd0false
IRS990ScheduleN/LiabilitiesPaidInd0false
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0Land - 4171 Grant Rod, Ellenwood, GA 30294
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc12019 Honda Odyssey
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc22014 Ford Econoline Wagon
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc32011 Ford Econoline Wagon
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc4Asset lots 100 through 320
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc5Rigtht of Use Intangible Asset
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0Iconic Investors LLC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02023-11-21
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt12023-11-21
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt22023-11-21
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt32023-11-21
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt42023-11-21
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt52023-11-21
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt04950
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt117825
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt28337
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt32300
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt416420
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0Competitive Auction
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt1Competitive Auction
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt2Competitive Auction
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt3Competitive Auction
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt4Competitive Auction
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt5Asset was abandoned
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm0Roger Williamson
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm1Roger Williamson
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm2Dost Mohammad
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm3Individual Purchases
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm4Asset was abandoned
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0615 Hulet Dr
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0McDonough
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0GA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd030262
IRS990ScheduleN/OwnerOfSuccessorInd0false
IRS990ScheduleN/ReceiveCompensationInd0false
IRS990ScheduleN/RequiredToNotifyAGInd0false
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0All the organizations assets were either sold at auction or abandoned.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I Line 1
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Rainbow House filed Chapter 7 Bankruptcy on 6/7/2023 and ceased all operations. A banrkuptcy trustee was appointed and he has been recovering/selling assets in order to make a distribution to creditors. All employees and board members ceased to be involved with the company as of 6/7/2023.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Conflict of Interest Additional Information - Any conflict of interest, potential conflict of interest, or the appearance of a conflict of interest was required to be reported to the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Organizations process to review Form 990. The bankruptcy trustee for the organization employed a Stonebridge Accounting Forenics LLC to prepared the 990 and it was given to the bankruptcy trustee to review before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation Process for Top Official. Compensation was reviewed by the Board of Directors. After the Bankruptcy filing on 6/7/2023, all Officers Directors, Board Members and employees left the organization and the organizations regular operations ceased. The compensation commission paid to the Bankruptcy Trustee is set by the Bankruptcy Code based on disbursements and is subject to creditor review and the review of the Office of the United States Trustee and the Bankruptcy judge.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Compensation Process for Officers. Compensation was reviewed by the Board of Directors. After the Bankruptcy filing on 6/7/2023, all Officers, Directors, Board Members and employees left the organization and the organizations regular operations ceased. The compensation commission paid to the Bankruptcy Trustee is set by the Bankruptcy Code based on disbursements and is subject to creditor review and the review of the Office of the United States Trustee and the Bankruptcy judge.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Governing Documents Disclosure Explanation - All documents are made available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Other Fees for Services - This amount consists of the amounts paid to the Bankruptcy Trustee for his commission. The commission is determined by a formula within the US Bankruptcy Code and is bsed on the disbursements made by the Trustee. The compensation is subject to review by creditors, the Office of the United State Trustee and the bankruptcy judge.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Paid Preparers Signature Block - See Attached Accountants Disclosure Statement - Return is filed under the provisions of 11 USC Section 505b.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8As of 6/7/2023 the organization filed Chapter 7 bankrutpcy and all operations of the organization ceased. All board members, officers, directors and key emploiyees are no longer providing services in their positions and their addresses and contact information are unknown, except for the former Board Chair - Monica Scott. Her email address is mgsprofessionalgmail.com.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part IV, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IV, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part II, Line Paid Preparer Use
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part VI, Section A, Line 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0true
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0GA

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