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Nonprofiteer
← RAINIER VALLEY COMMUNITY DEVELOPMENT FUND

Form 990 for tax year 2025

Filed by RAINIER VALLEY COMMUNITY DEVELOPMENT FUND.

Totals

Total revenue
$4,911,057
Total expenses
$2,276,543
Contributions and grants received
$3,119,726
Grants paid
$213,412
Program service revenue
$1,599,291
Investment income
$184,648
Other revenue
$7,392
Total assets, end of year
$33,574,441
Total liabilities, end of year
$2,993,523
Net assets or fund balances, end of year
$30,580,918
Program services expenses (Part IX)
$1,373,235
Management and general expenses
$732,176
Fundraising expenses
$171,132
Program service expenses (Part III)
$1,373,235

Program services were 60.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $10,000

  • 1e · Government grants (contributions)

    $2,212,947

  • 1f · All other contributions, gifts and grants

    $896,779

  • 2a · Program service revenue: LOAN INTEREST

    total $1,550,745 · related or exempt $1,550,745

  • 2b · Program service revenue: LOAN FEES

    total $48,546 · related or exempt $48,546

  • 3 · Investment income

    total $184,648 · excluded $184,648

  • 6a · Gross rents

    real property $5,740

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $5,740

  • 6d · Net rental income or loss

    total $5,740 · excluded $5,740

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $1,652 · excluded $1,652

  • 11e · Other revenue, total

    $1,652

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $213,412 · program services $213,412

  • 5 · Compensation of officers, directors and key employees

    total $177,861 · program services $98,555 · management and general $60,681 · fundraising $18,625

  • 7 · Other salaries and wages

    total $747,517 · program services $414,209 · management and general $255,032 · fundraising $78,276

  • 8 · Pension plan contributions

    total $23,703 · program services $13,134 · management and general $8,087 · fundraising $2,482

  • 9 · Other employee benefits

    total $82,572 · program services $45,754 · management and general $28,171 · fundraising $8,647

  • 10 · Payroll taxes

    total $88,670 · program services $49,133 · management and general $30,252 · fundraising $9,285

  • 11b · Fees: legal

    total $8,993 · management and general $8,993

  • 11c · Fees: accounting

    total $122,408 · management and general $122,408

  • 11g · Fees: other

    total $330,429 · program services $178,491 · management and general $126,172 · fundraising $25,766

  • 13 · Office expenses

    total $25,004 · program services $14,253 · management and general $8,251 · fundraising $2,500

  • 14 · Information technology

    total $17,128 · program services $9,763 · management and general $5,652 · fundraising $1,713

  • 16 · Occupancy

    total $21,558 · program services $12,288 · management and general $7,114 · fundraising $2,156

  • 17 · Travel

    total $25,851 · program services $14,735 · management and general $8,531 · fundraising $2,585

  • 20 · Interest

    total $152,318 · program services $152,318

  • 22 · Depreciation, depletion and amortization

    total $59,790 · program services $34,080 · management and general $19,731 · fundraising $5,979

  • 23 · Insurance

    total $27,557 · program services $15,707 · management and general $9,094 · fundraising $2,756

  • 24a · Other expenses: LENDING COSTS

    total $48,839 · program services $48,839

  • 24b · Other expenses: COMMUNITY MEETINGS

    total $39,248 · program services $22,371 · management and general $12,952 · fundraising $3,925

  • 24c · Other expenses: DUES AND SPONSORSHIPS

    total $32,291 · program services $18,406 · management and general $10,656 · fundraising $3,229

  • 24d · Other expenses: MISCELLANEOUS

    total $31,394 · program services $17,787 · management and general $10,399 · fundraising $3,208

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $150,277 · end of year $185,583

  • 2 · Savings and temporary cash investments

    beginning of year $4,927,620 · end of year $4,288,979

  • 3 · Pledges and grants receivable

    end of year $34,498

  • 7 · Other notes and loans receivable

    beginning of year $23,810,766 · end of year $25,526,071

  • 9 · Prepaid expenses and deferred charges

    beginning of year $33,201 · end of year $41,640

  • 10a · Land, buildings and equipment: cost or other basis

    $2,848,177

  • 10b · Land, buildings and equipment: accumulated depreciation

    $171,976

  • 10c · Land, buildings and equipment, net

    beginning of year $1,796,036 · end of year $2,676,201

  • 15 · Other assets

    beginning of year $736,330 · end of year $821,469

  • 17 · Accounts payable and accrued expenses

    beginning of year $236,057 · end of year $107,063

  • 19 · Deferred revenue

    beginning of year $80,263 · end of year $207,534

  • 23 · Secured mortgages and notes payable

    beginning of year $2,265,369 · end of year $2,165,426

  • 24 · Unsecured notes and loans payable

    beginning of year $513,500 · end of year $513,500

  • 27 · Net assets without donor restrictions

    beginning of year $28,359,041 · end of year $30,580,918

Mission and programs · 2025

Mission

THE ORGANIZATION SERVES AS A CATALYST FOR ECONOMIC DEVELOPMENT THAT PROMOTES THE DIVERSITY AND LIVABILITY OF THE RAINIER VALLEY AREA OF SOUTHEAST SEATTLE, WASHINGTON.

  • THE ORGANIZATION (RVCDF) ACTS AS TRUSTEE FOR A REVOLVING LOAN FUND, THE SOUTHEAST SEATTLE COMMUNITY. THE REVOLVING LOAN FUNDS MAY ONLY BE USED FOR COMMUNITY DEVELOPMENT ACTIVITIES IN SPECIFIED AREAS AS DEFINED IN THE TRUST DOCUMENT.IN ADDITION, THE FUND MAINTAINS NON-RESTRICTED FUNDS THAT ENABLE IT TO LEND OUTSIDE OF THE TRUST ZONE, WHICH ARE SECURED THROUGH PARTNERSHIPS WITH BANKING INSTITUTIONS, CITY, STATE, COUNTY, AND FOUNDATION RELATIONSHIPS.

    Expenses $1,373,235 · Grants $213,412 · Revenue $1,599,291

As filed on the 2025 return.

Listed in Part VII

  • RICHARD CASSELL

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • MANDY LANDA

    BOARD VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • RUDY CASTILLO

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • ROXANNE CHRISTIAN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • CLEODIS FLOYD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARLON TURNER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • IBIJOKE IDOWU

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RILEY CORR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DR TARRA MITCHELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LARA MAE D CHOLLETTE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ALVERTIS BROOKS JR

    EXECUTIVE DIRECTOR

    Total calculated
    $177,861
    From this org
    $159,133
    From related orgs
    $0
    Other
    $18,728
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,618
    Bonus
    $25,515
    Other
    $0
    Deferred
    $2,155
    Nontaxable benefits
    $16,573
    Filer's total
    $177,861

  • ROBERT WILLIAMS

    REGIONAL MANAGER OF COMMUNITY PLANNING & DEV.

    Total calculated
    $146,593
    From this org
    $125,981
    From related orgs
    $0
    Other
    $20,612
    Hours/week
    40

  • PAUL PITKIN

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $128,983
    From this org
    $115,500
    From related orgs
    $0
    Other
    $13,483
    Hours/week
    40

  • ANDREA SHERWOOD

    PORTFOLIO MANAGER

    Total calculated
    $110,283
    From this org
    $106,732
    From related orgs
    $0
    Other
    $3,551
    Hours/week
    40

  • ROBERT LUCIANO

    DIRECTOR OF COMMUNITY PLANNING AND DEVELOPMENT

    Total calculated
    $144,426
    From this org
    $116,158
    From related orgs
    $0
    Other
    $28,268
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2025
IRS schema version
2025v4.2
Source object
202612229349301596

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