2024-08-09T17:20:15-05:00 2023-12-31 910873571 GREENWOOD OHLUND PS 4241 21ST AVE W SUITE 400 SEATTLE WA 98199 990 2023-01-01 331030838 RAINIER VALLEY COMMUNITY DEVELOPMENT FUND RAIN 2067225280 6951 MARTIN LUTHER KING WAY S 225 SEATTLE WA 98118 BOB LUCIANO EXECUTIVE DIRECTOR 2067225280 2024-08-08 1 1 ERIC L KIMPTON P01970440 2067821767 2023 2024-08-08 14:25:15Z BOB LUCIANO 6951 MARTIN LUTHER KING WAY S 225 SEATTLE WA 98118 1551417 0 X WWW.RVCDF.ORG X 1999 WA THE ORGANIZATION SERVES AS A CATALYST FOR ECONOMIC DEVELOPMENT THAT PROMOTES THE DIVERSITY AND LIVABILITY OF THE RAINIER VALLEY AREA OF SOUTHEAST SEATTLE, WASHINGTON. 8 8 5 8 0 0 236229 290633 1144324 1164022 42526 95137 0 1625 1423079 1551417 323250 468375 0 0 462039 496541 0 0 0 426646 509733 1211935 1474649 211144 76768 30914014 31131128 1869200 2386790 29044814 28744338 THE ORGANIZATION SERVES AS A CATALYST FOR ECONOMIC DEVELOPMENT THAT PROMOTES THE DIVERSITY AND LIVABILITY OF THE RAINIER VALLEY AREA OF SOUTHEAST SEATTLE, WASHINGTON. 0 0 600777 468375 0 RVCDF, JOINTLY WITH ANOTHER NONPROFIT COMMUNITY LENDER, PROVIDED TECHNICAL AND FINANCIAL ASSISTANCE IN THE FORM OF GRANTS TO 50 SMALL BUSINESSES IN THE GEOGRAPHIC SERVICE AREA IN SUPPORT OF THEIR BUSINESS OPERATIONS. 501074 0 1164022 THE ORGANIZATION (RVCDF) ACTS AS TRUSTEE FOR A REVOLVING LOAN FUND, PROVIDED BY THE CITY OF SEATTLE, AND ADDITIONAL LOAN CAPITAL TO BENEFIT 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 ACCORDANCE WITH THE TERMS OF THIS AGREEMENT AND ADDITIONAL LOAN CAPITAL, RVCDF ADVANCED FUNDS APPROXIMATING $4.7 MILLION FOR THE BUSINESS AND REAL ESTATE LOANS IN 2023. 1101851 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 1 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X BOB LUCIANO 2067225280 6951 MARTIN LUTHER KING WAY S 225 SEATTLE WA 98118 ALVERTIS BROOKS PRESIDENT 1.00 X X 0 0 0 RICHARD CASSELL VICE PRESIDENT 1.00 X X 0 0 0 CLEODIS FLOYD SECRETARY 1.00 X X 0 0 0 MANDY LANDA TREASURER 1.00 X X 0 0 0 RUDY CASTILLO DIRECTOR 1.00 X 0 0 0 MARLON TURNER DIRECTOR 1.00 X 0 0 0 EFREM FESAHA DIRECTOR 1.00 X 0 0 0 PAUL TUPPER DIRECTOR 1.00 X 0 0 0 BOB LUCIANO EXECUTIVE DIRECTOR 40.00 X 148667 0 13171 ROBERT WILLIAMS LOAN AND PROGRAM OFFICER 40.00 X 113605 0 9793 ANDREA SHERWOOD PORTFOLIO MANAGER 40.00 X 105505 0 0 367777 0 22964 3 0 1 0 0 290633 290633 LOAN INTEREST 522200 1100032 1100032 LOAN FEES 522200 63990 63990 1164022 95137 95137 MISCELLANEOUS INCOME 900099 1625 1625 1625 1551417 1164022 0 96762 468375 468375 161838 97103 64735 286033 264452 21581 2248 2078 170 7545 6976 569 38877 35944 2933 33988 33988 167812 167812 41623 32896 8727 8167 6687 1480 8117 6646 1471 31668 25929 5739 11605 11605 94589 94589 22219 22219 23268 19051 4217 GRANT PROGRAM COSTS 27115 27115 COMMUNICATIONS 17784 17784 DUES AND SPONSORSHIPS 15593 15593 OTHER 6185 3313 2872 1474649 1101851 372798 0 1691614 144126 8677537 6270638 19952083 22539420 24023 27679 1665922 98993 36386 1566929 532371 582336 30914014 31131128 29279 49951 326421 57788 1513500 2279051 1869200 2386790 X 29044814 28744338 29044814 28744338 30914014 31131128 X 76768 -377244 X 0 1 X 1 0 X 16775 573200 1002500 236229 290633 2119337 1221707 1066116 1090157 1144324 1164022 5686326 1238482 1639316 2092657 1380553 1454655 7805663 0 0 0 7805663 52328 40181 35746 42526 95137 265918 52328 40181 35746 42526 95137 265918 1625 1625 1290810 1679497 2128403 1423079 1551417 8073206 0.96690 0.97380 0.03290 0.02570 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1542334 1542334 51403 48833 2570 72185 50160 22025 1566929 1551417 0 1551417 0 1551417 1851893 377244 377244 1474649 0 1474649 PART XII, LINE 2D - OTHER ADJUSTMENTS: LOAN LOSS EXPENSE TO PAGE 12, PART XI, LINE 9: 377,244. 1 NORTHWEST BLACK PIONEERS STEERING COMMITTEE 9400 RAINIER AVE S F SEATTLE WA 98118 311710945 501(C)(3) 30000 0 PROGRAM SUPPORT LIMENA LLC 4915 RAINIER AVE S SEATTLE WA 98118 822885451 25000 0 PROGRAM SUPPORT THE BREAKFAST GROUP PO BOX 18334 SEATTLE WA 98118 911543286 501(C)(3) 25000 0 PROGRAM SUPPORT DEBONAIR DECOR COUTURE LLC 140 23RD AVE S 207 SEATTLE WA 98144 851331286 25000 0 PROGRAM SUPPORT CHAMP BOXING GYM LLC 9460 RAINIER AVE S SEATTLE WA 98118 883644622 25000 0 PROGRAM SUPPORT BUFFALO SOLDIERS OF SEATTLE 11505 80TH AVE S SEATTLE WA 98178 822793328 501(C)(3) 25000 0 PROGRAM SUPPORT JACK NICKER BREWING COMPANY LLC 6206 MERIDIAN AVE N SEATTLE WA 98103 453125226 20000 0 PROGRAM SUPPORT 23RD AVE BREWERY LLC 2313 S JACKSON ST SEATTLE WA 98144 851891204 20000 0 PROGRAM SUPPORT SHAWN MCWASHINGTON DBA BOOSH 2311 S JACKSON ST SEATTLE WA 98114 535089943 17500 0 PROGRAM SUPPORT LOYAL LAW GROUP 600 STEWART STREET 400 SEATTLE WA 98101 852972366 15000 0 PROGRAM SUPPORT K-LOVE 4 ART LLC 4627 S HOLLY ST SEATTLE WA 98118 922953550 15000 0 PROGRAM SUPPORT GOLDEN TRADE INTERNATIONAL LLC 510 STEVENS AVE SW S203 RENTON WA 98057 871255824 15000 0 PROGRAM SUPPORT SEWARD PARK GROCERY AND PET LLC 5044 WILSON AVE S SEATTLE WA 98118 872139734 10000 0 PROGRAM SUPPORT JUDAHREIGN INTL LLC 9099 SEWARD PARK AVE S STE 2 SEATTLE WA 98118 831999345 10000 0 PROGRAM SUPPORT REBECCA NORWOOD DBA SATURDAY HANDWOVEN 7584 S LAUREL ST SEATTLE WA 98178 934310480 7500 0 PROGRAM SUPPORT 3 12 PART I, LINE 2: JOINT AGREEMENT WITH A COMMUNITY NONPROFIT LENDER TO REVIEW GRANT APPLICATIONS FROM UNDERSERVED SMALL BUSINESSES AND DISBURSE FUNDS. FOLLOW UP QUESTIONNAIRES WERE OBTAINED TO DOCUMENT THE USE OF THE GRANT FUNDS. X 0 0 0 0 0 0 0 0 0 BOB LUCIANO EXECUTIVE DIRECTOR 148667 0 0 0 0 0 8088 0 5083 0 161838 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE REVIEWS THE 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST ANNUALLY AND RECUSE HIM/HERSELF FROM VOTING ON ANY DECISIONS REQUIRING BOARD APPROVAL. FORM 990, PART VI, SECTION B, LINE 15A A SALARY SURVEY WAS PERFORMED IN 2012. SUBSEQUENT INCREASES ARE BASED ON ANNUAL COST OF LIVING INCREASES. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST, AUDITED FINANCIAL STATEMENTS ARE POSTED TO THE WEBSITE. FORM 990, PART XI, LINE 9: LOAN LOSS EXPENSE: -377,244.