Better Business Bureau Report for
Rainbow Village Properties, Inc.

Better Business Bureau Report issued October 2011
Better Business Bureau Report expires October 2012


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: Rainbow Village Properties, Inc.
Address: 1240 Dautel Lane
  St. Louis, MO 63146
Phone: 314-567-1522
Web Address: www.rainbowvillagestl.org
Also known as:Rainbow Village
Rainbow Village Inc.
Rainbow Village II
Rainbow Village III
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Better Business Bureau Comments

Year, State Incorporated: 1969, Missouri
Affiliates: None
Stated Purpose: exists to meet an essential need for people with developmental disabilities by providing neighborhood homes in the St. Louis area, thereby enhancing quality of life.

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Evaluation Conclusions

               

Rainbow Village Properties, Inc. (RVP) meets the 20 Standards for Charity Accountability.
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Programs

               

Rainbow Village currently houses 225 residents in 47 homes in neighborhoods throughout the St. Louis metro area. By maintaining homes to the highest standards and constantly monitoring them to assess residents' needs, Rainbow Village is able to provide safety, comfort and independence for its residents. Rainbow Village collaborates with various support service agencies to best meet the housing needs of people with developmental disabilities.

For the fiscal year ended December 31, 2010, RVP's program expenses were:

  
Programs 829,749
Total Program Expenses: $829,749
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Governance

               

Chief Executive : Lydia Rasis, Director of Operations
Compensation*: 

Chair of the Board: James Fogle
Chair's Profession / Business Affiliation: Partner, Thompson Coburn, LLP

Board Size: 27

Paid Staff Size: 11

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

direct mail, invitations to fund raising events, television, radio, grant proposals, internet
Fund raising costs were 4% of related contributions. (Related contributions, which totaled $866,780, are donations received as a result of fund raising activities.)
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Tax Status

               

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

               

The following information is based on RVP's audited financial statements - combined for the fiscal year ended December 31, 2010.

Source of Funds  
Contributions 615,901
Rental income 597,982
Grants 149,839
Net realized loss on investments 120,610
Special events 101,040
Pool and gym fees 70,497
Management fees 33,140
Investment income 31,227
Other revenue 2,022
Total Income $1,722,258


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Uses of Funds as a % of Total Expenses

Programs: 82%  Fund Raising: 3%  Administrative: 14%  Other Expenses: 1%

Total income $1,722,258
Program expenses $829,749
Fund raising expenses 34,535
Administrative expenses 141,036
Other Expenses 5,203
Total expenses $1,010,523
Income in Excess of Expenses 711,735
Beginning net assets 4,798,561
Ending net assets 5,580,992
Total liabilities 1,808,608
Total assets $7,389,600


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