2025-08-18T20:32:35-04:00 2024-12-31 814693463 IRON CREEK TAX & CONSULTING 6650 SW REDWOOD LN STE 210 PORTLAND OR 97224 990 2024-01-01 237240503 RAINBOW VILLAGE APTS INC RAIN 5412247374 1250 RAINBOW DRIVE SPRINGFIELD OR 97477 JERRY KALINA PRESIDENT 5412247374 2025-08-07 false LAURA S BAKER P01289626 5034431040 2025-08-07 2024 2025-03-06 01:10:19Z JERRY KALINA 2506 MOON MT DRIVE EUGENE OR 97403 1088600 false X RAINBOWVILLAGEAPARTMENTS.COM X 1976 OR A NON-PROFIT APARTMENT COMPLEX RUN BY THE LOCAL PRESBYTERIAN CHURCHES TO PROVIDE LOW-INCOME HOUSING. 7 7 0 7 0 395895 493056 529211 595544 0 0 925106 1088600 0 0 0 0 0 875755 857656 875755 857656 49351 230944 1812625 2187960 77031 221422 1735594 1966538 X A NON-PROFIT APARTMENT COMPLEX RUN BY THE LOCAL PRESBYTERIAN CHURCHES TO PROVIDE LOW-INCOME HOUSING. false false 857656 595544 THE CORPORATION PROVIDES LOW INCOME HOUSING UNDER SECTION 236 OF THE NATIONAL HOUSING ACT. OPERATIONS ARE SUBJECT RULES AND REGULATIONS OF HUD. THERE ARE 80 UNITS. THE CORPORATION PROVIDES LOW INCOME HOUSING UNDER SECTION 236 OF THE NATIONAL HOUSING ACT. OPERATIONS ARE SUBJECT RULES AND REGULATIONS OF HUD. THERE ARE 80 UNITS. 857656 true true false false false false false false false false true false false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 0 false false false false false false false false false false false false X 7 7 false false false false false false false true true false false true false false false false false false OR X RAINBOW VILLAGE 5416883934 1250 RAINBOW DRIVE SPRINGFIELD OR 97477 X JERRY KALINA PRESIDENT 2.00 X X 0 0 0 LU-NITA HAWKINS VICE-PRES. 1.00 X X 0 0 0 QUENTIN HOLMES SECRETARY/TR 1.00 X X 0 0 0 JOHN O'BRIEN DIRECTOR 1.00 X 0 0 0 HOWARD RULAND DIRECTOR 1.00 X 0 0 0 LUKE PUSKEDRA DIRECTOR 1.00 X 0 0 0 BETTY JEAN BURNETT DIRECTOR 1.00 X 0 0 0 false false false 493056 493056 TENANT RENTS 531110 577336 577336 LAUNDRY AND VENDING INCOME 531390 11660 11660 TENANT CHARGES 531390 6548 6548 595544 1088600 595544 70768 70768 2157 2157 5000 5000 4900 4900 320 320 12580 12580 397716 397716 7730 7730 97067 97067 LABOR COSTS MANAGEMENT 202110 202110 BAD DEBT EXPENSE 28959 28959 TENANT RELATIONS 7899 7899 HUD COMPLIANCE 7343 7343 13107 13107 857656 857656 0 0 110179 276549 32567 10616 7294 7798 4203358 2356238 1616723 1847120 45862 45877 1812625 2187960 25618 16648 149374 51413 55400 77031 221422 X 1735594 1966538 1735594 1966538 1812625 2187960 230944 X true X false true false X 437111 437545 406015 395895 493056 2169622 437111 437545 406015 395895 493056 2169622 2169622 2169622 2506180 1.00000 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 79000 79000 3533597 1923482 1610115 186937 165988 20949 403824 266768 137056 1847120 TENANT DEPOSITS - HELD BY TRUST 45877 PREPAID RENT 9523 55400 X SCHEDULE D, PAGE 3, PART X FEDERAL AND STATE TAXES - THE CORPORATION IS A NON-PROFIT TAX-EXEMPT CORPORATION UNDER IRC 501(C)(3) FOR FEDERAL PURPOSES, AND AS A NON-PROFIT TAX-EXEMPT CORPORATION IS NOT REQUIRED TO FILE A STATE CORPORATE TAX RETURN. MANAGEMENT OF THE PROJECT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PROJECT AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024 THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PROJECT IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIOD IN PROGRESS. THE PROJECT'S MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO DECEMBER 31, 2021. FORM 990, PAGE 2, PART III, LINE 4D THE CORPORATION PROVIDES LOW INCOME HOUSING UNDER SECTION 236 OF THE NATIONAL HOUSING ACT. OPERATIONS ARE SUBJECT RULES AND REGULATIONS OF HUD. THERE ARE 80 UNITS. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY THE EXECUTIVE BOARD. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC BY REQUEST FORM THE ORGANIZATION. FINANCIAL INFORMATION IS ALSO AVAIALABLE FROM THE OREGON DEPARTMENT OF JUSTICE.