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RAINBOW HOUSING ASSISTANCE CORPORATION

GLENDALE, AZ · EIN 300108119 · Form 990 · FY2022 · NTEE L21 · Housing & Shelter · Medium ($1M-$10M) · www.rainbowhousing.org
revenue
$4.3M
expenses
$3.9M
net assets
$12.4M
employees
95
program ratio
91%
mission · from form 990

TO FACILITATE THE PROVISION OF SAFE AND AFFORDABLE HOUSING FOR LOW INCOME AND VERY LOW INCOME PERSONS AND THEIR FAMILIES.

profile · synthesized from sources

Rainbow Housing Assistance Corporation is a nonprofit organization that provides service-enriched housing programs for residents of rental housing communities across the country. They offer custom supportive services to help residents achieve self-sufficiency and improve their quality of life. These programs also aim to stabilize resident populations and enhance property performance for owners and investors.

named programs · 8 · from sources

what they call their work

Career Training Program
Provides career counseling and support for residents, including enrollment in professional certification programs like Google IT.
Education Videos
Offers over 100 workshops in English and Spanish to help residents improve their lives.
Employment Services
Connects residents with support to find new or better jobs.
GED Program
Supports residents in completing their General Educational Development (GED) certificates.
Live Workshops
Monthly program offering workshops to residents.
Rainbow Horizons (Senior Circle Network)
Supports senior residents in living their best lives as they age.
Rainbow Scholarships
Provides scholarships up to $5,000 for residents.
Rental Assistance
Assists residents with financial aid to cover rent costs, often by connecting them with local and regional partners.
activities · 6 clusters

what they do

  • Emergency Rental and Utility Assistance 4 activities
    • Provide rental assistance
      The organization provides rental assistance to residents, such as covering rent for residents in communities like Montgomery Pines.
    • Provide service-enriched housing programs
      RAINBOW HOUSING ASSISTANCE CORPORATION provides service-enriched housing programs for residents of rental housing communities nationwide, including educational workshops in English and Spanish.
    • Providing rental assistance
      The organization provides rental assistance to residents, such as covering January rent for a resident at the Montgomery Pines community.
    • Providing service-enriched housing programs
      RAINBOW HOUSING ASSISTANCE CORPORATION provides service-enriched housing programs for residents of rental housing communities nationwide, offering support and resources to improve their living situations.
  • Senior Meal Delivery and Congregate Dining 2 activities
    • Operate Rainbow Horizons Senior Circle Network
      The organization operates Rainbow Horizons, a Senior Circle Network that provides support to seniors.
    • Operating a senior support network
      The organization operates Rainbow Horizons, a Senior Circle Network dedicated to supporting senior residents.
  • Merit-Based Educational Scholarships 1 activity
    • Offer scholarships
      The organization offers scholarships up to $5,000 to residents.
  • Indigenous and Hispanic Evangelism & Discipleship 1 activity
    • Offering educational workshops
      The organization provides over 100 educational workshops in both English and Spanish to residents.
  • Community-Building Initiatives 1 activity
    • Serving residents in specific communities
      The organization serves residents in various communities, including Spanish-language residents in new communities and residents in the Montgomery Pines community in Porter, Texas.
  • Uncategorized 3 activities
    • Offer career counseling and training support
      The organization offers career counseling and supports residents in completing professional certification programs, such as the Google IT professional certification, and provides ongoing career services.
    • Offering scholarships
      RAINBOW HOUSING ASSISTANCE CORPORATION offers scholarships to residents, with amounts up to $5,000.
    • Supporting career development and training
      RAINBOW HOUSING ASSISTANCE CORPORATION offers career counseling, introduces residents to career training programs, and supports participants in completing professional certifications like the Google IT professional certification.
financials · form 990 · fy2022

the money

revenue
Total revenue$4.30M
Contributions & grants$40K1%
Program service revenue$3.81M89%
Investment income$392K9%
Other revenue$55K
expenses
Total expenses$3.89M
Program expenses91%
Admin / overhead9%
Fundraising0%
Salaries & benefits$2.60M
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$12.49M
Cash$3.68M
Investments$1.29M
Liabilities$100K
Net assets$12.39M
Liquid reserves15.3 mo
2 years on record · 2020–2022 · YoY revenue +37.3%
leadership · form 990 part vii · fy2022

who runs it

paid leadership · 1
NameTitleHours/wkCompensation
FLYNANN JANISSE EXECUTIVE DIRECTOR 40 $362K
board members · 10
  • DONNA JONES DALEY — DIRECTOR
  • GARY SILVERSMITH — SECRETARY/CHIEF FINANCIAL
  • HUGH COBB — DIRECTOR
  • JOSEPH L SHERMAN — PRESIDENT
  • JOSHUA ALLEN — DIRECTOR
  • K NICOLE ASARCH — DIRECTOR
  • KEITH ROSENTHAL — DIRECTOR
  • KIPLING SHEPPARD — DIRECTOR
  • MICHAEL COSTA — DIRECTOR
  • RAYNOLD RICHARDSON — DIRECTOR
relationships · 4

who they work with

  • Human Impact Fundraiser Partner — Hosts a fundraiser event
  • Maggie Partner — Rainbow Resident Services Coordinator who assisted a resident with rental assistance and benefit applications.
  • Oasis Everywhere Partner — Partner mentioned in the "Connection Spotlight!"
  • Rainbow Housing Assistance Corporation Network — Operates service-enriched housing programs across multiple properties nationwide.