Nonprofit · EIN 23-7240503
RAINBOW VILLAGE APTS INC
Also known as RAINBOW VILLAGE
Tax-exempt · SPRINGFIELD, OR 97477
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,243,752 | $1,098,042 | $145,710 | $2,512,675 | $400,427 | $2,112,248 |
| December 31, 2024 | 990 | $1,088,600 | $857,656 | $230,944 | $2,187,960 | $221,422 | $1,966,538 |
| December 31, 2023 | 990 | $925,106 | $875,755 | $49,351 | $1,812,625 | $77,031 | $1,735,594 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $653,093
- of which government grants
- $653,093
- Program service revenue
- $590,659
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $6,929
- Accounting fees
- $6,250
- Occupancy
- $592,560
- Depreciation
- $108,166
- Program services (functional)
- $1,098,042
Balance sheet and other
- Total assets, start of year
- $2,187,960
- Total assets, end of year
- $2,512,675
- Total liabilities, end of year
- $400,427
- Net assets, end of year
- $2,112,248
- Land, buildings and equipment
- $2,139,469
- Net assets without donor restrictions
- $2,112,248
- Gross receipts
- $1,243,752
- Employees
- 0
- Volunteers
- 7
- Year formed
- 1976
- State of legal domicile
- OR
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JERRY KALINA | PRESIDENT Trustee or director, Officer | 2 | $0 |
| LU-NITA HAWKINS | VICE-PRES. Trustee or director, Officer | 1 | $0 |
| QUENTIN HOLMES | SECRETARY/TR Trustee or director, Officer | 1 | $0 |
| JOHN O'BRIEN | DIRECTOR Trustee or director | 1 | $0 |
| HOWARD RULAND | DIRECTOR Trustee or director | 1 | $0 |
| LUKE PUSKEDRA | DIRECTOR Trustee or director | 1 | $0 |
| BETTY JEAN BURNETT | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JERRY KALINA | PRESIDENT Trustee or director, Officer | 2 | $0 |
| LU-NITA HAWKINS | VICE-PRES. Trustee or director, Officer | 1 | $0 |
| QUENTIN HOLMES | SECRETARY/TR Trustee or director, Officer | 1 | $0 |
| JOHN O'BRIEN | DIRECTOR Trustee or director | 1 | $0 |
| HOWARD RULAND | DIRECTOR Trustee or director | 1 | $0 |
| LUKE PUSKEDRA | DIRECTOR Trustee or director | 1 | $0 |
| BETTY JEAN BURNETT | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JERRY KALINA | PRESIDENT Trustee or director, Officer | 2 | $0 |
| LU-NITA HAWKINS | VICE-PRES. Trustee or director, Officer | 1 | $0 |
| QUENTIN HOLMES | SECRETARY/TR Trustee or director, Officer | 1 | $0 |
| JOHN O'BRIEN | DIRECTOR Trustee or director | 1 | $0 |
| HOWARD RULAND | DIRECTOR Trustee or director | 1 | $0 |
| LUKE PUSKEDRA | DIRECTOR Trustee or director | 1 | $0 |
| BETTY JEAN BURNETT | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1250 RAINBOW DRIVE, SPRINGFIELD, OR 97477-2852
- Principal officer (990 for 2025)
- JERRY KALINA, 2506 MOON MT DRIVE, EUGENE, OR 97403
- Signed the 990
- JERRY KALINA, PRESIDENT
- Phone
- (541) 224-7374
- Website
- RAINBOWVILLAGEAPARTMENTS.COM
- Return prepared by
- IRON CREEK TAX & CONSULTING
Mission
A NON-PROFIT APARTMENT COMPLEX RUN BY THE LOCAL PRESBYTERIAN CHURCHES TO PROVIDE LOW-INCOME HOUSING.
Program accomplishments
- 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.Expenses $1,098,042 · revenue $590,659
- 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.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7240503
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1975
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,512,675
- Income (IRS master file)
- $1,243,752
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,243,752 | $1,098,042 | $2,512,675 | XML |
| 990 | December 2024 | $1,088,600 | $857,656 | $2,187,960 | XML |
| 990 | December 2023 | $925,106 | $875,755 | $1,812,625 | XML |
| 990 | December 2022 | $897,465 | $710,198 | $1,744,489 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7240503).
Questions about RAINBOW VILLAGE APTS INC
- What is the EIN of RAINBOW VILLAGE APTS INC?
- The employer identification number (EIN) of RAINBOW VILLAGE APTS INC is 23-7240503.
- Is RAINBOW VILLAGE APTS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1975.
- Are donations to RAINBOW VILLAGE APTS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RAINBOW VILLAGE APTS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of RAINBOW VILLAGE APTS INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RAINBOW VILLAGE APTS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of RAINBOW VILLAGE APTS INC?
- The 990 for the year ended December 31, 2025 names JERRY KALINA.
- Who are the officers and directors of RAINBOW VILLAGE APTS INC?
- The 990 for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does RAINBOW VILLAGE APTS INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,243,752, expenses of $1,098,042 and total assets of $2,512,675 at year end.
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