Rainbow Of Challenges Homes Of Bradley
- Assets
- $339.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hope, AR
- Founding
- 09/2005
- Data as of
- 06/2022
- EIN
- 20-1933279
Organization Overview
Rainbow Of Challenges Homes Of Bradley is located in Hope, AR. The organization was established in 2005. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rainbow Of Challenges Homes Of Bradley is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Rainbow Of Challenges Homes Of Bradley generated $58.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $63.5k during the year ending 06/2022. While expenses have increased by 0.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDE LIVING FACILITIES FOR THE DISABLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Floyd Young Trustee | 1 | $0 | |
Mollye Mccalman Vice President | 1 | $0 | |
Patsy Hardy Trustee | 1 | $0 | |
Dennis Ramsey President | 1 | $0 | |
Carol Robinson Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $58,156 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $17 |
| Total Revenue | $58,173 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $3,000 |
| Professional fees and other payments to independent contractors | $9,943 |
| Occupancy, rent, utilities, and maintenance | $27,312 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $23,261 |
| Total expenses | $63,516 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $62,406 |
| Other assets | $0 |
| Total assets | $338,992 |
| Total liabilities | $3,575 |
| Net assets or fund balances | $335,417 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Merced Housing Texas San Antonio, TX | $50,611,683 | $9,858,961 |
Trinity Affordable Housing Corporation Austin, TX | $27,521,509 | $8,167,693 |
Assisting Texas With Housing Inc Austin, TX | $21,990,420 | $4,581,783 |
Dallas Neighborhood Alliance For Habitat Dallas, TX | $1,401,689 | $4,975,573 |
Louisiana Housing Assistance Corporation Alexandria, LA | $350,109 | $3,738,733 |
Equity Homes Saint Louis, MO | $10,741,730 | $5,549,027 |
Affordable Community Housing Trust Edmond, OK | $6,149,448 | $2,689,134 |
Lago De Plata Inc Dallas, TX | $0 | $4,971,984 |
St Jude Inc Dallas, TX | $20,844,887 | $6,967,988 |
South Mississippi Housing Anddevelopment Corporation Gulfport, MS | $21,301,727 | $2,501,846 |
Horizon Housing Development Company St Louis, MO | $1,964,053 | $2,445,702 |
St Martin De Porres Inc Dallas, TX | $5,546,092 | $2,713,631 |