2024-05-14T16:23:26-05:00 2023-12-31 571157523 Aprio LLP 2002 Summit Boulevard Suite 120 Atlanta GA 30319 990 2023-01-01 900086217 Rainbow Heights Inc RAIN 4048169770 PO Box 53274 Atlanta GA 30355 Alexis Nkusi Interim CEO 4048169770 2024-05-14 1 Alexis Nkusi 999009999 1 Stacy Cullen P00974308 4048929651 2024-05-14 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z Alexis Nkusi PO Box 53274 Atlanta GA 30355 461502 0 X N/A X 2003 GA Providing housing for elderly persons by operating a HUD-assisted aparment community regulated under Section 202 of the National Housing Act of 1959. 10 10 0 10 0 0 0 0 382536 460362 29 24 37 1116 382602 461502 0 0 0 0 73499 112427 0 0 0 384562 356620 458061 469047 -75459 -7545 2279743 2247470 3766795 3742067 -1487052 -1494597 Providing housing for elderly persons by operating a HUD-assisted aparment community regulated under Section 202 of the National Housing Act of 1959. 0 0 403174 461478 Providing housing for elderly persons by operating a HUD-assisted aparment community regulated under Section 202 of the National Housing Act of 1959. 403174 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 GA X Housing Resource Center Inc 4048169770 PO Box 53274 Atlanta GA 30355 X Michelle Ferreyra Chairman 2.00 X X 0 0 0 Seungjun Stephen Lee CEO 2.00 X X 0 0 0 Misoon Lee Secretary 2.00 X X 0 0 0 Anthony Roark Director 2.00 X 0 0 0 Kelly Kim director 2.00 X 0 0 0 Erin Chun Director 2.00 X 0 0 0 Robert Williams Director 2.00 X 0 0 0 Yosef Ohayon Director 2.00 X 0 0 0 Elizabeth Ji Director 2.00 X 0 0 0 Diana Plazas Director 2.00 X 0 0 0 0 0 0 0 0 0 0 0 Rent Revenue 531110 460362 460362 460362 24 24 Other Revenue 531110 1116 1116 1116 461502 461478 0 24 86414 86414 16925 16925 9088 9088 52689 52689 1177 1177 13184 13184 88799 88799 20278 20278 Operating and Maintenan 97702 97702 Utilities Expense 63892 63892 Administrative 18899 18899 469047 403174 65873 0 19090 18728 729 27145 3778187 1680237 2186749 2097950 73175 103647 2279743 2247470 59578 36660 3820 2904 3703397 3702503 3766795 3742067 X -1487052 -1494597 -1487052 -1494597 2279743 2247470 -7545 0 X 0 1 X 0 1 1 X 342132 375782 381512 382573 461478 1943477 342132 375782 381512 382573 461478 1943477 0 0 0 1943477 37 31 30 29 24 151 37 31 30 29 24 151 342169 375813 381542 382602 461502 1943628 0.99990 0.99990 0.00010 0.00010 X 240000 240000 3261493 1408793 1852700 276694 271444 5250 2097950 Capital Advance 3690500 Tenant Security Deposits 12003 3702503 X 461502 0 461502 0 461502 469047 0 469047 0 469047 Part X, Line 2: The Corporation is organized and operated exclusively for charitable, not-for-profit purposes. The Internal Revenue Service has, in prior years, issued its determination letter reflecting that Rainbow Heights, Inc. is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. The Corporation has also been classified as an entity that is not a private foundation within the meaning of Section 509(a) and qualifies for deductible contributions as provided in Section 170(b)(1)(A)(vi). Therefore, no income tax provision has been included in the financial statements. The Corporation is no longer subject to income tax examinations for calendar years up to and including the year ended December 31, 2019. Form 990, Part VI, Section A, line 3 The organization has entered into a managment agreement with a management company for day-to-day management of the apartment community as is common practice for owners/operators of HUD-assisted rental communities. Form 990, Part VI, Section B, line 11b The return is prepard by a certified public accounting firm and provided to the management company for initial review and approval. After any questions and comments from the management company are addressed, the return is provided to the board of directors for final review and approval. After any questions and comments from the board of director are addressed, the final approved return is signed my the designated board officer and filed. Form 990, Part VI, Section B, line 12c Compliance is monitored at regularly scheduled meetings of the board of directors and at other times, if needed. Form 990, Part VI, Section C, line 19 Documents are maintained by the board of directors and copies are provided upon request.