Over the Rainbow Unit 1
Nonprofit profile at a glance
- EIN
- 474443135
- IRS 990 coverage
- 2015–2025
- Forms available
- Form 990 2025, Form 990-N 2015
- Location
- Evanston, IL, USA
- Phone
- 8473286633
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Low-Income & Subsidized Rental Housing
Reported finances
- Revenue
- $188,108
- Expenses
- $180,123
- Assets
- $69,107
- Liabilities
- $644,179
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- ERIC HUFFMAN (PRESIDENT)
Highest reported compensation
- ERIC HUFFMAN (PRESIDENT): $284,711 total reported compensation
- LES RUSSO (VP/TREASURER): $208,430 total reported compensation
- KATIE MIGLORE (SECRETARY): $150,542 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The main purpose of our organization is to provide and maintain barrier- free living environments for low-income, physically handicapped adults.
What it reported doing in 2025
Provide and maintain housing for low-income, physically impaired adults in a wheelchair-accessible environment. The organization's 8 unit rental housing facility know as belden apartments is located in chicago, il.
Operating model
- Revenue model
- Grant-funded. 91% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 77
- Accountability: 91
- Sustainability: 27
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 73.7%; rating input score 74
- Program expense ratio: 76.9%; rating input score 77
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 24th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 4.2%; rating input score 45; 45th percentile among comparable filings
- Total-asset coverage ratio: 0.38; rating input score 20; 20th percentile among comparable filings
- Liabilities to assets ratio: 9.32; rating input score 0; 0th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: 2.8% per year; rating input score 100; 41st percentile among comparable filings
- Revenue growth: 0.8% per year; rating input score 100; 23rd percentile among comparable filings
- Asset growth: -16.9% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: 73.7% of revenue deployed · 76.9% of spending went to programs
- Governance: 3 of 3 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $138K in reported program spending
- Leadership: top reported pay $285K · 3 people listed · 3 of 6 pay-setting controls reported
- Consistency: 24 of 25 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 11 filing years from 2015 to 2025
- Contacts: How to reach this organization
- Related organizations: 9 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Operating margin scored 45/100.
- High — Sustainability: Total-asset coverage ratio scored 20/100.
- High — Growth: Asset growth scored 0/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 0/100.