Civic Intelligence

Rainbow Village Properties Inc

990 • Fiscal year 2016 • EIN 68-0574765

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

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

63rd percentile

0.32x

Higher debt load relative to assets than 63% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

84th percentile

1.37x

Higher debt load relative to revenue than 84% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

83rd percentile

24%

Higher net margin than 83% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

48th percentile

$116,342

Higher top officer pay than 48% of similar nonprofits.

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

80th percentile

15%

Faster asset growth than 80% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

58th percentile

5.5%

Faster revenue growth than 58% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Up

$9,098,007

Up $1,185,112 (+15%) from 2015

Net Assets

Up

$6,158,761

Up $720,829 (+13%) from 2015

Liabilities

Up

$2,939,246

Up $464,283 (+19%) from 2015

Revenue

Up

$2,141,785

Up $111,903 (+5.5%) from 2015

Expenses

Up

$1,636,956

Up $129,429 (+8.6%) from 2015

Net Income

Down

$504,829

Down $17,526 (-3.4%) from 2015

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

2016

Assets$9,098,007
Liabilities$2,939,246
Net Assets$6,158,761

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

2016

Revenue$2,141,785
Expenses$1,636,956
Net Income$504,829
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$2,215,679
Mission and Program Overview

Mission

LOW-INCOME HOUSING

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,695,239$8,819,178▲ $1,123,939
Accounts Receivable$122,082$115,323▼ $6,759
Cash and Non-Interest-Bearing Accounts$40,816$101,084▲ $60,268
Prepaid Expenses and Deferred Charges$9,669$15,355▲ $5,686
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$7,912,895$9,098,007▲ $1,185,112
Other Assets Total$45,089$47,067▲ $1,978
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,349,144$2,827,718▲ $478,574
Accounts Payable and Accrued Expenses$84,119$70,323▼ $13,796
Other Liabilities$41,700$41,205▼ $495
Total Liabilities$2,474,963$2,939,246▲ $464,283
Net Assets / Fund Balance
Unrestricted Net Assets$5,437,932$6,158,761▲ $720,829
Total Net Assets Fund Balance$5,437,932$6,158,761▲ $720,829
Total Liabilities and Net Assets / Fund Balance$7,912,895$9,098,007▲ $1,185,112

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,042,222$3,459,262$10,501,484
Land$1,767,229-$1,767,229
Leasehold Improvements-$306,376$306,376
Equipment$9,727$100,401$110,128
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michael RaeExecutive DirectorFT$116,342$116,342

Board Members and Trustees

NameTitle
Matthew ThayerPast President
Scott WelzPresident
Eileen ColeVice President
A Van L Brokaw IiiDirector
Beth BushkeDirector
Cathy AshDirector
Frank WilsonDirector
Gene MackeyDirector
George GladisDirector
Jarrad HolstDirector
Jessica ErflingDirector
Jim FogleDirector
John RoccoDirector
Julie DevineDirector
Kevin GunnDirector
Marcus AdrianDirector
Michael RothDirector
Michelle MurrayDirector
Molly TallaricoDirector
Nancy Parker TiceDirector
Robert J BrowningDirector
Robert RivesDirector
Romana Tumblin-RuckerDirector
Thomas VandiverDirector
Tony RaineriDirector
Jeff Wojciechowski1st VP
Jake Mcdonald2nd VP
Ed HennessySecretary
Joan PerryTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,068,731
Program Service Revenue
$1,057,656
Investment Income
$70
Other Revenue
$15,328
All Other Contributions
$101,911
Change in Net Assets
$504,829

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,141,785
Total Revenue per Audited Statements
$2,141,785
Total Revenue per Form 990
$2,141,785
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,011,106
Salaries, Compensation, and Employee Benefits$625,850
Total Fundraising Expense$5,156
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$245,821$263,687-$509,508
Depreciation Depletion$275,693--$275,693
Current Officers, Directors, Trustees, and Key Employees$55,844$60,498-$116,342
Occupancy$76,150--$76,150
Interest$69,610--$69,610
Office Expenses$62,583--$62,583
Other Expenses$18,921-$5,156$18,921
Fees for Services Accounting$9,595--$9,595
Total Functional Expenses$1,307,615$324,185$5,156$1,636,956

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,636,956
Total Expenses per Audited Statements$1,636,956
Total Expenses per Form 990$1,636,956
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$73,894
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
SOTR revenues$142,203-$49,483-
Golf Outing$110,118-$23,152-
Total Events$257,846-$73,894$-73,894
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$41,205
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
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
2003
Legal Domicile
Mo
Voting Board Members
29
Independent Board Members
29
Employees
18
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

The Organization adopted the standard for Accounting for Uncertainty in Income Taxes. The entity recognizes 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 is 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 is recorded. Federal and state tax authorities (if applicable) generally have the right to examine and audit the previous three years of tax returns filed.

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IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
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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/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21Director
IRS990/Form990PartVIISectionAGrp/TitleTxt22Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt23Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt24PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt251ST VP
IRS990/Form990PartVIISectionAGrp/TitleTxt26Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt27President
IRS990/Form990PartVIISectionAGrp/TitleTxt28Secretary
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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
Peer Organizations

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