Rainbow Heights Inc (EIN 900086217) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

Alexis Nkusi

Phone

6783302000

Tax Period

2024-01-01 to 2024-12-31

Rainbow Heights Inc, founded in 2003, is a small nonprofit in the Housing & Shelter sector that reported $527K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

Providing housing for elderly persons by operating a HUD-assisted aparment community regulated under Section 202 of the National Housing Act of 1959.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $526,765

Investment Income $427

Other Revenue $187

TOTAL REVENUE $527,379

Expense Breakdown

Grants Paid $0

Salaries & Benefits $119,919

Fundraising Expenses $0

Program Expenses $500,321

Other Expenses $447,030

TOTAL EXPENSES $566,949

Year-over-Year Comparison

	2024	2023	Change
Revenue	$527,379	$461,502	+0.1%
Expenses	$566,949	$469,047	+0.2%
Net Income	$-39,570	$-7,545	+4.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Misoon Lee	Chair	2.00	Officer Director	$0	$0	$0
Elba Ramos Algarin	Secretary	2.00	Officer Director	$0	$0	$0
Erin Chun	Treasurer	2.00	Officer Director	$0	$0	$0
Javier Benavides Esq	Director	2.00	Director	$0	$0	$0
Saumeth Cardona MD	Director	2.00	Director	$0	$0	$0
Yenny Feliz	Director	2.00	Director	$0	$0	$0
Isaac Hwang	Director	2.00	Director	$0	$0	$0
Miryung Lee	Director	2.00	Director	$0	$0	$0
Jong K Song MD	Director	2.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$527,379	$566,949	$2,294,208	$-39,570
2023	$461,502	$469,047	$2,247,470	$-7,545
2022	$382,602	$458,061	$2,279,743	$-75,459
2021	$381,542	$462,140	$2,359,522	$-80,598
2020	$375,813	$462,661	$2,460,559	$-86,848

Rainbow Heights Inc