Civic Intelligence

Rainbow Hil Apartments Incorporated

990 • Fiscal year 2016 • EIN 73-1127500

Mar 01, 2015 to Feb 29, 2016 • Filed on Apr 06, 2016

Organization ProfileN/A
398060 W 2200 RdBartlesville, OK 74006

(918) 333-2244

Siviq Scores

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

Liabilities / Assets

96th percentile

1.39x

Higher debt load relative to assets than 96% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

98th percentile

2.66x

Higher debt load relative to revenue than 98% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

52nd percentile

3.8%

Higher net margin than 52% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

35th percentile

-5.5%

Faster asset growth than 35% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

51st percentile

1.5%

Faster revenue growth than 51% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$388,038

Down $22,443 (-5.5%) from 2015

Net Assets

Up

-$151,125

Up $7,671 (+4.8%) from 2015

Liabilities

Down

$539,163

Down $30,114 (-5.3%) from 2015

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin52nd percentile

Revenue

Up

$202,417

Up $2,897 (+1.5%) from 2015

Expenses

Down

$194,746

Down $8,221 (-4.1%) from 2015

Net Income

Up

$7,671

Up $11,118 (+323%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth35th percentile

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

$2.0M$1.0M$0-$1.0MAssets 2011: $467,653Liabilities 2011: $698,980Net Assets 2011: -$231,3272011Assets 2012: $454,117Liabilities 2012: $662,845Net Assets 2012: -$208,7282012Assets 2013: $444,034Liabilities 2013: $626,422Net Assets 2013: -$182,3882013Assets 2014: $433,028Liabilities 2014: $588,377Net Assets 2014: -$155,3492014Assets 2015: $410,481Liabilities 2015: $569,277Net Assets 2015: -$158,7962015Assets 2016: $388,038Liabilities 2016: $539,163Net Assets 2016: -$151,1252016Assets 2017: $336,971Liabilities 2017: $501,795Net Assets 2017: -$164,8242017Assets 2018: $319,596Liabilities 2018: $463,197Net Assets 2018: -$143,6012018Assets 2019: $300,273Liabilities 2019: $416,305Net Assets 2019: -$116,0322019Assets 2020: $277,483Liabilities 2020: $376,314Net Assets 2020: -$98,8312020Assets 2021: $238,373Liabilities 2021: $283,931Net Assets 2021: -$45,5582021Assets 2022: $236,043Liabilities 2022: $222,694Net Assets 2022: $13,3492022Assets 2023: $209,677Liabilities 2023: $161,778Net Assets 2023: $47,8992023Assets 2024: $1,392,999Liabilities 2024: $0Net Assets 2024: $1,392,9992024Assets 2025: $1,895,691Liabilities 2025: $438,985Net Assets 2025: $1,456,7062025

Highlighted filing

2016

Assets$388,038
Liabilities$539,163
Net Assets-$151,125
Open 2016 Filing

Operations Trend

Revenue Growth51st percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $168,9422011Expenses 2012: $173,8192012Expenses 2013: $172,6562013Revenue 2014: $200,922Expenses 2014: $173,883Net Income 2014: $27,0392014Revenue 2015: $199,520Expenses 2015: $202,967Net Income 2015: -$3,4472015Revenue 2016: $202,417Expenses 2016: $194,746Net Income 2016: $7,6712016Revenue 2017: $198,199Expenses 2017: $208,253Net Income 2017: -$10,0542017Revenue 2018: $198,805Expenses 2018: $177,582Net Income 2018: $21,2232018Revenue 2019: $201,959Expenses 2019: $174,390Net Income 2019: $27,5692019Revenue 2020: $208,655Expenses 2020: $191,454Net Income 2020: $17,2012020Revenue 2021: $213,878Expenses 2021: $160,605Net Income 2021: $53,2732021Revenue 2022: $225,901Expenses 2022: $166,994Net Income 2022: $58,9072022Revenue 2023: $229,144Expenses 2023: $194,594Net Income 2023: $34,5502023Revenue 2024: $1,499,575Expenses 2024: $154,475Net Income 2024: $1,345,1002024Revenue 2025: $74,880Expenses 2025: $11,173Net Income 2025: $63,7072025

Highlighted filing

2016

Revenue$202,417
Expenses$194,746
Net Income$7,671
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Mar 1, 2015 to Feb 29, 2016
Signed
Apr 6, 2016
Return Version
2015v2.1
Gross Receipts
$202,417
Mission and Program Overview

Mission

To provide low-cost housing for moderately to severely handicapped persons in oklahoma city, ok.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$240,900$217,969▼ $22,931
Intangible Assets$36,142$32,498▼ $3,644
Cash and Non-Interest-Bearing Accounts$668$7,807▲ $7,139
Prepaid Expenses and Deferred Charges$6,947$5,304▼ $1,643
Accounts Receivable$2,506$1,479▼ $1,027
Total Assets$410,481$388,038▼ $22,443
Other Assets Total$123,318$122,981▼ $337
Liabilities
Other Liabilities$541,507$499,578▼ $41,929
Accounts Payable and Accrued Expenses$26,465$39,567▲ $13,102
Deferred Revenue$1,305$18▼ $1,287
Total Liabilities$569,277$539,163▼ $30,114
Net Assets / Fund Balance
Unrestricted Net Assets$-158,796$-151,125▲ $7,671
Total Net Assets Fund Balance$-158,796$-151,125▲ $7,671
Total Liabilities and Net Assets / Fund Balance$410,481$388,038▼ $22,443

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$179,346$691,488$870,834
Equipment$748$56,783$57,531
Land$37,875-$37,875
Other Assets Org$5,693--
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Vicki JohnsonPresident
Cynthia RichmondSecretary
Tracy LeeperTreasurer
Robert MitchellVice-pres.
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$200,580
Investment Income
$41
Other Revenue
$1,796
Change in Net Assets
$7,671

Audited Revenue Reconciliation

Revenue per Audited Statements
$202,417
Total Revenue per Audited Statements
$202,417
Total Revenue per Form 990
$202,417
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$194,746
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
All Other Expenses$42,220--$42,220
Interest$27,559--$27,559
Depreciation Depletion$26,575--$26,575
Occupancy$15,423--$15,423
Other Expenses$8,598--$8,598
Insurance$6,881--$6,881
Fees for Services Accounting$1,440--$1,440
Advertising$61--$61
Total Functional Expenses$194,746$0$0$194,746

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$194,746
Total Expenses per Audited Statements$194,746
Total Expenses per Form 990$194,746
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
Mortgage Payable$495,421
Tenant Security Deposits$4,157
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“Gorman management company bartlesville, ok”

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

“Copy of the return and the audit are presented to the board at the same meeting.”

Form 990, Page 6, Part VI, Line 19

“Documents are available by electronic transmission or in-person review upon written request and advance notification.”

Filing and Contact Details

Filer

Filer Name
Rainbow Hil Apartments Inc
EIN
73-1127500
Phone
9183332244
Address
398060 W 2200 RD, BARTLESVILLE, OK 74006

Signing Officer

Name
Vicki Johnson
Title
President
Phone
9183368821
Signed
2016-04-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vicki Johnson
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Stotts Archambo Mueggenborg & Barclay Pc
Address
302 SE OSAGE AVE, BARTLESVILLE, OK 74003-3931
Preparer
Deborah E Mueggenborg
Phone
9183360008
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Office expense 7,291 0 0 exterminating 7,204 0 0 auditing fees 5,650 0 0 supplies 5,443 0 0 furniture & equip rental 4,733 0 0 tenant workshop expenses 4,032 0 0 replacement expenses 3,539 0 0 mip insurance 2,390 0 0 d&o insurance 990 0 0 non-profit add-on fees 576 0 0 misc. Insurance and taxes 213 0 0 bad debt expense 117 0 0 fidelity bond 42 0 0”

Raw XML Appendix367 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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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt037875
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt079777
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt123151
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt27515
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt36845
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt45693
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2INSURANCE AND AUDIT FEE ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3MORTGAGE ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0495421
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14157
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MORTGAGE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0202417
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0217969
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0122981
IRS990ScheduleD/TotalExpensesPerForm990Amt0194746
IRS990ScheduleD/TotalLiabilityAmt0499578
IRS990ScheduleD/TotalRevenuePerForm990Amt0202417
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0202417
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0194746
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GORMAN MANAGEMENT COMPANY BARTLESVILLE, OK
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COPY OF THE RETURN AND THE AUDIT ARE PRESENTED TO THE BOARD AT THE SAME MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE BY ELECTRONIC TRANSMISSION OR IN-PERSON REVIEW UPON WRITTEN REQUEST AND ADVANCE NOTIFICATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OFFICE EXPENSE 7,291 0 0 EXTERMINATING 7,204 0 0 AUDITING FEES 5,650 0 0 SUPPLIES 5,443 0 0 FURNITURE & EQUIP RENTAL 4,733 0 0 TENANT WORKSHOP EXPENSES 4,032 0 0 REPLACEMENT EXPENSES 3,539 0 0 MIP INSURANCE 2,390 0 0 D&O INSURANCE 990 0 0 NON-PROFIT ADD-ON FEES 576 0 0 MISC. INSURANCE AND TAXES 213 0 0 BAD DEBT EXPENSE 117 0 0 FIDELITY BOND 42 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OK
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0410481
IRS990/TotalAssetsEOYAmt0388038
IRS990/TotalAssetsGrp/BOYAmt0410481
IRS990/TotalAssetsGrp/EOYAmt0388038
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0194746
IRS990/TotalFunctionalExpensesGrp/TotalAmt0194746
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0569277
IRS990/TotalLiabilitiesEOYAmt0539163
IRS990/TotalLiabilitiesGrp/BOYAmt0569277
IRS990/TotalLiabilitiesGrp/EOYAmt0539163
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-158796
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-151125
IRS990/TotalProgramServiceExpensesAmt0194746
IRS990/TotalProgramServiceRevenueAmt0200580
IRS990/TotalRevenueGrp/ExclusionAmt041
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0202376
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0202417
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0410481
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0388038
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-158796
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-151125
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0VICKI JOHNSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09183368821
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-04-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RAINBOW HIL APARTMENTS INC
ReturnHeader/Filer/BusinessNameControlTxt0RAIN
ReturnHeader/Filer/EIN0731127500
ReturnHeader/Filer/PhoneNum09183332244
ReturnHeader/Filer/USAddress/AddressLine1Txt0398060 W 2200 RD
ReturnHeader/Filer/USAddress/CityNm0BARTLESVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OK
ReturnHeader/Filer/USAddress/ZIPCd074006
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0471209122
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0STOTTS ARCHAMBO MUEGGENBORG & BARCLAY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0302 SE OSAGE AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BARTLESVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0740033931
ReturnHeader/PreparerPersonGrp/PhoneNum09183360008
ReturnHeader/PreparerPersonGrp/PreparationDt02016-06-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DEBORAH E MUEGGENBORG
ReturnHeader/ReturnTs02016-06-30T11:53:39-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-03-01
ReturnHeader/TaxPeriodEndDt02016-02-29
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$388,038
Liabilities
$539,163
Net assets
-$151,125
Revenue
$202,417
Expenses
$194,746
Net income
$7,671
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.90$0.44$1.46$0.07$0.01$0.06
2024Detailed filing. Detailed filing data is available for this year.$1.39$0.00$1.39$1.50$0.15$1.35
2023Detailed filing. Detailed filing data is available for this year.$0.21$0.16$0.05$0.23$0.19$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.24$0.22$0.01$0.23$0.17$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.24$0.28$0.05$0.21$0.16$0.05
2020Detailed filing. Detailed filing data is available for this year.$0.28$0.38$0.10$0.21$0.19$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.30$0.42$0.12$0.20$0.17$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.32$0.46$0.14$0.20$0.18$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.34$0.50$0.16$0.20$0.21$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.39$0.54$0.15$0.20$0.19$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.41$0.57$0.16$0.20$0.20$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.43$0.59$0.16$0.20$0.17$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.44$0.63$0.18$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.66$0.21$0.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.70$0.23$0.17