Arizona · Nonprofit
RAINBOW HOUSING ASSISTANCE CORPORATION
RAINBOW HOUSING ASSISTANCE CORPORATION (Arizona) receives grants from 14 organizations whose IRS filings report $473,393 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($106,150). 11 of them have funded it in more than one year, and 81% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2024
- $6.4M
- Funders on record
- 14
- Grants received
- $473k
- Net assets
- $15M
What Rainbow Housing Assistance Corporation does
Mission
To facilitate the provision of safe and affordable housing for low income and very low income persons and their families.
As stated on its FY2024 Form 990.
Program
Rainbow Housing Assistance Corporation provides safe and affordable housing for low income and very low income persons and their families. The entity also serves as the sole member for several limited liability companies who are the co-general partners of various partnerships that own multifamily apartment housing properties.
$3,911,186 spent$5,203,362 earned by the program100% of program spending
The program described on its FY2023 Form 990. Program spending in total: $3,911,186.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $10M to $12M (+16%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2021 10%. Grants only. Government contracts and fees sit inside program revenue.
0% of RAINBOW HOUSING ASSISTANCE CORPORATION’s revenue is contributions — more earned-revenue than three-quarters of its peers (39% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Flynann Janisse
Executive director
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 3 funders to 7 funders, grant income rose $25k → $61k.
6 of 14 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 81% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of RAINBOW HOUSING ASSISTANCE CORPORATION’s funders (the co-funder graph). Top 9 of 14 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
RAINBOW HOUSING ASSISTANCE CORPORATION has a broad base — no single funder exceeds 22% of grant income, and it takes 3 funders to reach half.
the vertical line marks half of all grant income — 3 funders to its left
90% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund RAINBOW HOUSING ASSISTANCE CORPORATION.
Largest funder’s share by year: 2017 60% · 2018 68% · 2019 60% · 2020 55% · 2021 56% · 2022 53% · 2023 34% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
75% of RAINBOW HOUSING ASSISTANCE CORPORATION's funders are still giving 3 years after their first grant; 79% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
81% of RAINBOW HOUSING ASSISTANCE CORPORATION's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $91k that is directly attributable, 100% of it comes from funders outside Arizona, across 2 states.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $382k arriving through sponsors registered in 6 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
RAINBOW HOUSING ASSISTANCE CORPORATION holds deeper cash reserves than three-quarters of the 3,973 housing & shelter nonprofits its size.
this organization peer median middle 50% of peers· 3,973 housing & shelter nonprofits $1M–$10M, FY2024
Organizations like RAINBOW HOUSING ASSISTANCE CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Arizona
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
90% of spending goes to programs.
Governance
Public support
90%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 48 related entities
- Rainbow Copeland Creek LLC · disregarded
- Rainbow Lofts LLC · disregarded
- Rainbow Parkland Terrace LLC · disregarded
- Rainbow Westgate Terrace LLC · disregarded
- Rhac Amarillo Gardens Gp LLC · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for RAINBOW HOUSING ASSISTANCE CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds RAINBOW HOUSING ASSISTANCE CORPORATION?
- RAINBOW HOUSING ASSISTANCE CORPORATION (Arizona) receives grants from 14 organizations whose IRS filings report $473,393 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($106,150). 11 of them have funded it in more than one year, and 81% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does RAINBOW HOUSING ASSISTANCE CORPORATION have?
- IRS filings report 14 organizations giving $473,393 in grants to RAINBOW HOUSING ASSISTANCE CORPORATION, 11 of which have funded it in more than one year.
- Who is the largest funder of RAINBOW HOUSING ASSISTANCE CORPORATION?
- FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $106,150 in grants. The full list of funders is on this page.
- How can an organization like RAINBOW HOUSING ASSISTANCE CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Arizona. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Rainbow Housing Assistance →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 14 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing