Civic Intelligence

Rainbow Village Properties Inc

990 • Fiscal year 2015 • EIN 68-0574765

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 14, 2016

1240 Dautel LaneSt Louis, MO 63146

(314) 567-1522

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.31x

Higher debt load relative to assets than 62% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

83rd percentile

1.22x

Higher debt load relative to revenue than 83% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

82nd percentile

26%

Higher net margin than 82% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

45th percentile

$110,307

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 5.4% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

77th percentile

12%

Faster asset growth than 77% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

80th percentile

23%

Faster revenue growth than 80% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Up

$7,912,895

Up $842,005 (+12%) from 2014

Net Assets

Up

$5,437,932

Up $522,355 (+11%) from 2014

Liabilities

Up

$2,474,963

Up $319,650 (+15%) from 2014

Revenue

Up

$2,029,882

Up $382,615 (+23%) from 2014

Expenses

Up

$1,507,527

Up $295,370 (+24%) from 2014

Net Income

Up

$522,355

Up $87,245 (+20%) from 2014

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $5,107,450Liabilities 2010: $1,808,608Net Assets 2010: $3,298,8422010Assets 2011: $5,663,859Liabilities 2011: $1,944,010Net Assets 2011: $3,719,8492011Assets 2012: $6,064,720Liabilities 2012: $1,902,668Net Assets 2012: $4,162,0522012Assets 2013: $6,199,258Liabilities 2013: $1,834,973Net Assets 2013: $4,364,2852013Assets 2014: $7,070,890Liabilities 2014: $2,155,313Net Assets 2014: $4,915,5772014Assets 2015: $7,912,895Liabilities 2015: $2,474,963Net Assets 2015: $5,437,9322015Assets 2016: $9,098,007Liabilities 2016: $2,939,246Net Assets 2016: $6,158,7612016Assets 2017: $9,611,335Liabilities 2017: $2,785,960Net Assets 2017: $6,825,3752017Assets 2018: $10,429,058Liabilities 2018: $2,800,956Net Assets 2018: $7,628,1022018Assets 2019: $10,347,262Liabilities 2019: $2,513,393Net Assets 2019: $7,833,8692019Assets 2020: $10,442,752Liabilities 2020: $2,444,432Net Assets 2020: $7,998,3202020Assets 2021: $11,271,760Liabilities 2021: $2,243,963Net Assets 2021: $9,027,7972021Assets 2022: $11,402,368Liabilities 2022: $2,001,757Net Assets 2022: $9,400,6112022Assets 2023: $11,402,368Liabilities 2023: $2,001,757Net Assets 2023: $9,400,6112023Assets 2024: $11,855,735Liabilities 2024: $3,346,008Net Assets 2024: $8,509,7272024

Highlighted filing

2015

Assets$7,912,895
Liabilities$2,474,963
Net Assets$5,437,932

Operations Trend

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

$3.0M$2.0M$1.0M$0Expenses 2010: $1,005,3202010Expenses 2011: $1,107,8112011Expenses 2012: $1,088,7022012Revenue 2013: $1,685,683Expenses 2013: $1,393,689Net Income 2013: $291,9942013Revenue 2014: $1,647,267Expenses 2014: $1,212,157Net Income 2014: $435,1102014Revenue 2015: $2,029,882Expenses 2015: $1,507,527Net Income 2015: $522,3552015Revenue 2016: $2,141,785Expenses 2016: $1,636,956Net Income 2016: $504,8292016Revenue 2017: $2,162,196Expenses 2017: $1,754,264Net Income 2017: $407,9322017Revenue 2018: $2,231,720Expenses 2018: $1,886,395Net Income 2018: $345,3252018Revenue 2019: $2,133,673Expenses 2019: $1,944,415Net Income 2019: $189,2582019Revenue 2020: $2,061,908Expenses 2020: $2,004,707Net Income 2020: $57,2012020Revenue 2021: $2,913,531Expenses 2021: $2,043,054Net Income 2021: $870,4772021Revenue 2022: $2,172,794Expenses 2022: $2,108,959Net Income 2022: $63,8352022Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023Revenue 2024: $2,946,753Expenses 2024: $2,449,089Net Income 2024: $497,6642024

Highlighted filing

2015

Revenue$2,029,882
Expenses$1,507,527
Net Income$522,355
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 14, 2016
Return Version
2015v2.0
Gross Receipts
$2,094,503
Mission and Program Overview

Mission

LOW-INCOME HOUSING

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,737,089$7,695,239▲ $958,150
Accounts Receivable$76,762$122,082▲ $45,320
Cash and Non-Interest-Bearing Accounts$195,469$40,816▼ $154,653
Prepaid Expenses and Deferred Charges$18,900$9,669▼ $9,231
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$7,070,890$7,912,895▲ $842,005
Other Assets Total$42,670$45,089▲ $2,419
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,081,961$2,349,144▲ $267,183
Accounts Payable and Accrued Expenses$34,480$84,119▲ $49,639
Other Liabilities$38,872$41,700▲ $2,828
Total Liabilities$2,155,313$2,474,963▲ $319,650
Net Assets / Fund Balance
Unrestricted Net Assets$4,915,577$5,437,932▲ $522,355
Total Net Assets Fund Balance$4,915,577$5,437,932▲ $522,355
Total Liabilities and Net Assets / Fund Balance$7,070,890$7,912,895▲ $842,005

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,201,510$3,590,347$9,791,857
Land$1,493,729-$1,493,729
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael ReaExecutive DirectorFT$96,900$13,407$110,307

Board Members and Trustees

NameTitle
Beth BushkePAST President
Matt ThayerPresident
Ed HennessyVice President
A Van L Brokaw IiiDirector
Cathy AshDirector
Dan VeileDirector
Frank WilsonDirector
Gene MackeyDirector
George GladisDirector
Jarrad HolstDirector
Jim FogleDirector
John RoccoDirector
Katherine E DouglassDirector
Kevin GunnDirector
Michael RothDirector
Michelle MurrayDirector
Molly TallaricoDirector
Nancy Parker TiceDirector
Robert RivesDirector
Thomas VandiverDirector
Tony RaineriDirector
Jake Mcdonald2nd VP
Scott Welz3rd VP
Jeff Wojciechowski4th VP
Eileen WaldSecretary
Joan PerryTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,046,933
Program Service Revenue
$965,017
Investment Income
$108
Other Revenue
$17,824
All Other Contributions
$366,306
Change in Net Assets
$522,355

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,029,882
Total Revenue per Audited Statements
$2,029,882
Total Revenue per Form 990
$2,029,882
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$918,783
Salaries, Compensation, and Employee Benefits$588,744
Total Fundraising Expense$147,248
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$286,937$75,332$116,168$478,437
Depreciation Depletion$264,919--$264,919
Current Officers, Directors, Trustees, and Key Employees-$110,307-$110,307
Office Expenses$75,955-$7,969$83,924
Occupancy$76,532--$76,532
Other Expenses$18,058$1,057$12,930$32,045
Advertising--$10,181$10,181
Fees for Services Accounting$8,350--$8,350
Total Functional Expenses$1,173,583$186,696$147,248$1,507,527

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,507,527
Total Expenses per Audited Statements$1,507,527
Total Expenses per Form 990$1,507,527
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$64,621
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
SOTR revenues$129,306-$43,126-
Golf Outing$107,887-$19,942-
Total Events$244,885-$64,621$-64,621
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$41,697
Rounding$3
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
No
Other officer compensation reviewed
No
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 11B: Form 990 Review Process

The executive and fiscal directors thoroughly review, comment and approve the form 990 prior to its timely filing with the internal revenue service.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Any potential conflicts of interest must be disclosed in accordance with the conflict of interest policy and presented at the earliest board meeting each year. The possible conflicts are reviewed, voted and recorded.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing documents, policies and financial statements are made available upon reasonable request.

Filing and Contact Details

Filer

Filer Name
Rainbow Village Properties Inc
EIN
68-0574765
Phone
3145671522
Address
1240 DAUTEL LANE, ST LOUIS, MO 63146

Signing Officer

Name
Michael Rea
Title
Executive Director
Signed
2016-11-14
Discuss with paid preparer
Yes

Organization Details

Formed
2003
Legal Domicile
Mo
Voting Board Members
26
Independent Board Members
26
Employees
17
Volunteers
250

Preparer

Firm
CNA Tax Professionals Inc
Address
8606 Allisonville Rd Ste 120, Indianapolis, IN 46250
Preparer
Shawn D Dreiman CPA
Phone
3178413393
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

For the year ended December 31, 2014, the Organization adopted the accounting policy to recognize a tax benefit only if it is more likely than not the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized will be the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax benefit will be recorded.

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IRS990/Form990PartVIISectionAGrp/PersonNm9MICHELLE MURRAY
IRS990/Form990PartVIISectionAGrp/PersonNm10CATHY ASH
IRS990/Form990PartVIISectionAGrp/PersonNm11ROBERT RIVES
IRS990/Form990PartVIISectionAGrp/PersonNm12MICHAEL ROTH
IRS990/Form990PartVIISectionAGrp/PersonNm13NANCY PARKER TICE
IRS990/Form990PartVIISectionAGrp/PersonNm14KEVIN GUNN
IRS990/Form990PartVIISectionAGrp/PersonNm15THOMAS VANDIVER
IRS990/Form990PartVIISectionAGrp/PersonNm16DAN VEILE
IRS990/Form990PartVIISectionAGrp/PersonNm17TONY RAINERI
IRS990/Form990PartVIISectionAGrp/PersonNm18FRANK WILSON
IRS990/Form990PartVIISectionAGrp/PersonNm19Michael Rea
IRS990/Form990PartVIISectionAGrp/PersonNm20JOAN PERRY
IRS990/Form990PartVIISectionAGrp/PersonNm21MATT THAYER
IRS990/Form990PartVIISectionAGrp/PersonNm22JEFF WOJCIECHOWSKI
IRS990/Form990PartVIISectionAGrp/PersonNm23EILEEN WALD
IRS990/Form990PartVIISectionAGrp/PersonNm24SCOTT WELZ
IRS990/Form990PartVIISectionAGrp/PersonNm25ED HENNESSY
IRS990/Form990PartVIISectionAGrp/PersonNm26JAKE MCDONALD
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2PAST President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt20Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt21President
IRS990/Form990PartVIISectionAGrp/TitleTxt224TH VP
IRS990/Form990PartVIISectionAGrp/TitleTxt23Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt243rd VP
IRS990/Form990PartVIISectionAGrp/TitleTxt25Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt262nd VP
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0true
IRS990/FormationYr02003
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingAmt0244885
IRS990/FundraisingDirectExpensesAmt064621
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt026
IRS990/GovernmentGrantsAmt0435742
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
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IRS990/GroupReturnForAffiliatesInd0false
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IRS990/IndependentVotingMemberCnt026
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
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IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0108
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
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IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0LOW-INCOME HOUSING
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02349144
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IRS990/NetAssetsOrFundBalancesEOYAmt05437932
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-64621
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-64621
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
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IRS990/OccupancyGrp/TotalAmt076532
IRS990/OfficeExpensesGrp/FundraisingAmt07969
IRS990/OfficeExpensesGrp/ProgramServicesAmt075955
IRS990/OfficeExpensesGrp/TotalAmt083924
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt042670
IRS990/OtherAssetsTotalGrp/EOYAmt045089
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/FundraisingAmt012930
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01057
IRS990/OtherExpensesGrp/ProgramServicesAmt0268664
IRS990/OtherExpensesGrp/ProgramServicesAmt1114515
IRS990/OtherExpensesGrp/ProgramServicesAmt259653
IRS990/OtherExpensesGrp/ProgramServicesAmt318058
IRS990/OtherExpensesGrp/TotalAmt0268664
IRS990/OtherExpensesGrp/TotalAmt1114515
IRS990/OtherExpensesGrp/TotalAmt259653
IRS990/OtherExpensesGrp/TotalAmt332045

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.9$3.35$8.51$2.95$2.45$0.50
2023Detailed filing. Detailed filing data is available for this year.$11.4$2.00$9.40$0.00$0.00$0.00
2022Detailed filing. Detailed filing data is available for this year.$11.4$2.00$9.40$2.17$2.11$0.06
2021Detailed filing. Detailed filing data is available for this year.$11.3$2.24$9.03$2.91$2.04$0.87
2020Detailed filing. Detailed filing data is available for this year.$10.4$2.44$8.00$2.06$2.00$0.06
2019Detailed filing. Detailed filing data is available for this year.$10.3$2.51$7.83$2.13$1.94$0.19
2018Detailed filing. Detailed filing data is available for this year.$10.4$2.80$7.63$2.23$1.89$0.35
2017Detailed filing. Detailed filing data is available for this year.$9.61$2.79$6.83$2.16$1.75$0.41
2016Detailed filing. Detailed filing data is available for this year.$9.10$2.94$6.16$2.14$1.64$0.50
2015Detailed filing. Detailed filing data is available for this year.$7.91$2.47$5.44$2.03$1.51$0.52
2014Detailed filing. Detailed filing data is available for this year.$7.07$2.16$4.92$1.65$1.21$0.44
2013Detailed filing. Detailed filing data is available for this year.$6.20$1.83$4.36$1.69$1.39$0.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.06$1.90$4.16$1.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.66$1.94$3.72$1.11
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.11$1.81$3.30$1.01