PLATINUM2023

Rainbow Village Properties, Inc.

Neighborhood Homes for People with Developmental Disabilities

aka Promise Community Homes   |   St. Louis, MO   |  www.promisecommunityhomes.org
GuideStar Charity Check

Rainbow Village Properties, Inc.

EIN: 68-0574765


Mission

Promise Community Homes, formerly Rainbow Village enriches the lives of individuals with developmental disabilities by providing safe, affordable and well-maintained neighborhood homes. By meeting the essential needs of people with disabilities we are enhancing quality of lives – one home at a time. Today, there is a critical need for residential placements for adults with developmental disabilities. More than 400 people are now living at home, in nursing homes, or substandard housing and are waiting for a quality home in the Greater St. Louis metropolitan area alone. Promise Community Homes' goal is to provide safe, affordable and accessible homes for as many people with intellectual and developmental disabilities as possible.

Ruling year info

2006

Executive Director

Matt Elmore

Main address

1240 Dautel Ln

St. Louis, MO 63146 USA

Show more contact info

EIN

68-0574765

Subject area info

Housing development

Housing for people with disabilities

Special population support

Developmental disability services

Population served info

People with physical disabilities

People with intellectual disabilities

People with disabilities

NTEE code info

Developmentally Disabled Services/Centers (P82)

Services to Promote the Independence of Specific Populations (P80)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Blog

Affiliations

See related organizations info

What we aim to solve

SOURCE: Self-reported by organization

Today, there is a critical need for residential placements for adults with developmental disabilities. More than 400 people are now living at home, in nursing homes, or substandard housing and are waiting for a quality home in the Greater St. Louis metropolitan area alone. Promise Community Homes, formerly Rainbow Village, aims to provide safe, affordable and accessible homes for as many people with developmental disabilities as possible.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Neighborhood Homes

Promise Community Homes is the only non-profit organization in the St. Louis area that focuses solely on providing safe, affordable, neighborhood homes for people with intellectual and developmental disabilities. Our mission is to create opportunities for people with intellectual and developmental disabilities to live independently in affordable, accessible homes in their own communities. Promise Community Homes' 86 properties are located in St. Louis County, St. Charles County, the City of St. Louis, and Jefferson County.

Population(s) Served
People with intellectual disabilities
People with physical disabilities

Our community center provides classroom space, a gymnasium, and a therapeutic pool that benefits hundreds of people with disabilities. Service agencies partner with Promise Community Homes and utilize the facility for educational, vocational and life skills training. Several agencies use the heated pool for therapy and rehabilitation as well as swimming lessons. Our gymnasium is utilized by several adult and children’s groups for different activities, and is also used for resident dances, holiday events and workshops.

Population(s) Served
People with intellectual disabilities
People with physical disabilities

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of homebuyers/tenants with low incomes receiving housing subsidies as a result of the nonprofit's efforts

This metric is no longer tracked.
Totals By Year
Population(s) Served

People with disabilities

Related Program

Neighborhood Homes

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

100% of our clients receive state aid in the form of SSI and medicaid waivers as a result of their disability.

Average number of service recipients per month

This metric is no longer tracked.
Totals By Year
Population(s) Served

People with disabilities

Related Program

Neighborhood Homes

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

As we purchase new homes and are able to help more individuals our client base grows on average of 10 per year.

Number of people no longer living in unsafe or substandard housing as a result of the nonprofit's efforts

This metric is no longer tracked.
Totals By Year
Population(s) Served

People with disabilities

Related Program

Neighborhood Homes

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

All of our clients were either living with aging parents or in substandard housing or nursing facilities. We provide safe, affordable, accessible, long term houses they call homes of their own.

Number of people in the area with access to affordable housing as a result of the nonprofit's efforts

This metric is no longer tracked.
Totals By Year
Population(s) Served

People with disabilities

Related Program

Neighborhood Homes

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

We offer an array of residential living options that are tailored to the person’s needs and capacities, allowing complete autonomy for our residents.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Promise Community Homes currently owns and maintains 86 homes, serving 300 adults with developmental disabilities.

Our model finds safe, suitable homes for individuals with developmental disabilities, purchases and customizes the houses to enable these citizens to live in a home of their own. Promise Community Homes/Rainbow Village homes are outfitted with all the necessary safety and environmental modifications for the individuals to live safely, with long-term low costs, and customized with financial support to fit their capabilities. We include all required maintenance so our residents, and their families, live worry free. This model is recognized by the federal government for economical and safe housing, allowing these citizens to beneficially participate in society.

Most of our residents come from the lowest socioeconomic levels. Many of the individuals we serve have public administrators or serve as their own guardians. Our residents qualify for Medicaid Waivers and receive social security income for the disabled to pay their living expenses. Each PCH/RBV home is purchased based on the location and the needs of the residents. We determine the amount of rent they can afford from their limited social security incomes for the disabled.

Our model allows the residents to be able to live in an affordable house that will be monitored and renovated as needed, so they can age in-place in a neighborhood home that meets their needs. Through fundraising, we are able to modify homes to meet the changing mobility and medical needs of our residents. Fundraising also allows for routine and expensive maintenance projects. These residents and their loved ones can be assured that they will have a home to call their own and their families will have peace of mind.

Today there is an identified population of more than 4,000 adult-children with intellectual and developmental disabilities in nursing homes or living with parents over the age of 65 in the State of Missouri. PCH/RBV's mission is to serve this fragile population by insuring they have a proper and well-managed home of their own thereby enhancing the quality of their lives, integrating them into communities, and reducing the number of those on the Greater St. Louis Metropolitan region wait list.

The concept for Rainbow Village (RBV), now called Promise Community Homes, began in the mid-1960s with nine families who wanted to provide suitable residential settings for their children with developmental disabilities—to help improve the quality of their lives. Most importantly, the founding families wanted to ensure that their children had a home and care once they could no longer provide it for them. The only option for families at that time was a nursing home or institution.

By 1978, seven group homes, the Wolff Community Center, and a Respite Care Center were opened on nine acres of land in St. Louis County. The success of that initial program led to the expansion of neighborhood homes throughout St. Louis County, St. Charles County, and St. Louis City. From there, our program began to grow.

From 2014 - 2019, the organization experienced substantial growth with the purchase and modification of 20 houses, providing forever homes for an additional 60 individuals in the St. Louis Community bringing our total number to 330+ residents. As of 2023, PCH owns and maintains 86 neighborhood homes. Some homes did not meet our standard of housing (i.e. split-level homes with stairs that were not universally accessible). Now PCH is on course to continue to provide accessible neighborhood homes where anyone can safely age in place.

Our residents desire to have some degree of independence in houses located in neighborhoods close to families, ideally in their hometowns. Our residents are proud to live as independently as possible, enjoying their own homes and yards. And, they enjoy being part of a community. Promise Community Homes also owns and operates the Wolff Community Center, a community center that supports children and adults with physical and/or developmental disabilities. The facilities in the Wolff Community Center are comprised of a heated therapeutic pool (one of only two in the region), a commercial-grade kitchen, a gym, offices, and a day program for aging adults with IDD. We are changing lives - one home, one community at a time!

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, We take steps to get feedback from marginalized or under-represented people, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us

  • What challenges does the organization face when collecting feedback?

Financials

Rainbow Village Properties, Inc.
Fiscal year: Jan 01 - Dec 31
Financial documents
2021 2021 Audited Financials 2020 Audited Financial Statement 2018 Audited Financials
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

0.86

Average of 0.30 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

6.9

Average of 3 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

0%

Average of 0% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Rainbow Village Properties, Inc.

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Rainbow Village Properties, Inc.

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Rainbow Village Properties, Inc.

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Rainbow Village Properties, Inc.’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $1,096,929 $515,060 $475,710 $1,347,286 $702,394
As % of expenses 68.9% 31.5% 28.1% 78.1% 39.5%
Unrestricted surplus (deficit) after depreciation $802,727 $205,767 $164,451 $1,029,477 $372,814
As % of expenses 42.6% 10.6% 8.2% 50.4% 17.7%
Revenue composition info
Total revenue (unrestricted & restricted) $2,231,720 $2,133,673 $2,061,908 $2,913,531 $2,172,794
Total revenue, % change over prior year 3.2% -4.4% -3.4% 41.3% -25.4%
Program services revenue 56.9% 60.6% 63.6% 44.4% 59.3%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.0% 0.0% 0.0% 0.0% 0.0%
Government grants 25.7% 9.4% 11.8% 7.0% 14.3%
All other grants and contributions 14.9% 26.7% 17.3% 25.3% 23.9%
Other revenue 2.5% 3.3% 7.3% 23.2% 2.4%
Expense composition info
Total expenses before depreciation $1,592,193 $1,635,122 $1,693,448 $1,725,245 $1,779,379
Total expenses, % change over prior year 7.6% 2.7% 3.6% 1.9% 3.1%
Personnel 48.6% 49.0% 50.8% 42.8% 46.3%
Professional fees 0.5% 0.6% 0.6% 0.6% 0.6%
Occupancy 5.1% 4.5% 4.2% 4.0% 4.7%
Interest 4.9% 4.4% 3.7% 2.9% 2.4%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 40.9% 41.4% 40.7% 49.7% 45.9%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $1,886,395 $1,944,415 $2,004,707 $2,043,054 $2,108,959
One month of savings $132,683 $136,260 $141,121 $143,770 $148,282
Debt principal payment $72,096 $225,160 $229,500 $234,862 $199,521
Fixed asset additions $993,120 $0 $0 $0 $455,144
Total full costs (estimated) $3,084,294 $2,305,835 $2,375,328 $2,421,686 $2,911,906

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 1.4 0.9 2.2 8.1 6.9
Months of cash and investments 1.4 0.9 2.2 8.1 6.9
Months of estimated liquid unrestricted net assets 1.6 1.6 3.2 9.4 9.4
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $179,627 $121,689 $316,790 $1,162,698 $1,016,306
Investments $0 $0 $0 $0 $0
Receivables $292,448 $296,946 $489,997 $572,577 $701,239
Gross land, buildings, equipment (LBE) $14,264,290 $14,557,907 $14,523,947 $14,729,126 $15,184,270
Accumulated depreciation (as a % of LBE) 30.7% 32.2% 34.1% 35.7% 36.8%
Liabilities (as a % of assets) 26.9% 24.3% 23.4% 19.9% 17.6%
Unrestricted net assets $7,628,102 $7,833,869 $7,998,320 $9,027,797 $9,400,611
Temporarily restricted net assets $0 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $0 $0 $0 $0 $0
Total net assets $7,628,102 $7,833,869 $7,998,320 $9,027,797 $9,400,611

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Executive Director

Matt Elmore

Matt Elmore began as the new Executive Director of Promise Community Homes on February 1, 2023. He is from central Kentucky. He attended Transylvania University for college, majoring in vocal performance and choral conducting. Matt moved to St. Louis city with his husband Beau and dog Cash in 2020. He brings 12 years of experience in various leadership roles at nonprofits across the country. Before joining Promise Community Homes, he was the Executive Director for Five Star Center in the city where he served older adults and adults with disabilities. Matt is passionate about supporting caregivers and adults with disabilities and looks forward to the opportunity to lead.

Number of employees

Source: IRS Form 990

Rainbow Village Properties, Inc.

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Rainbow Village Properties, Inc.

Board of directors
as of 02/21/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Marcus Adrian

Mackey Mitchell Architects

Term: 2023 - 2026

Marcus Adrian

Mackey Mitchell Architects

Kevin Gunn

Paladin Energy Strategies

Joan Perry

Central Bank of St. Louis

Julie Devine

Ogletree, Deakins, & Nash

Cathy Ash

Emerson

Chris Barbour

TCG Services, LLC

Denny Hayden

DH Custom Homes

Lele Engler

Mike Gardner

Central Bank of St. Louis

Madison Graham

Pace Properties

Alana Pease

Proforma Fund Inc

Kathryn Redmond

Armstrong Teasdale

Brenda Weber

Ameren

Mark Yaeger

World Wide Technology

Eileen Cole

Cole Estate Planning

Jim Fogle

Thompson Coburn

Chrissy Beck

Missouri Charter Public Schools Association

Kristen Cooper

Consultant

Jim Hegger

Cushman & Wakefield

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? No
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 2/21/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender
Sexual orientation
Gay, Lesbian, Bisexual, or other sexual orientations in the LGBTQIA+ community
Disability status
Person without a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

No data