This is the 6539th most frequent Polish word.
czerwony
"Red."
Here, 'czerwony' describes the color of the umbrella, functioning as an adjective modifying a noun.
Mam czerwony parasol.
I have a red umbrella.
In this sentence, 'czerwone' is the neuter singular form of 'czerwony' as it describes the noun 'niebo' (sky), also functioning as an adjective.
Wieczorem niebo było czerwone.
The sky was red in the evening.
Here, 'czerwony' is used as a noun to represent the concept of the color red.