Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2003.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
61 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
15 people listed on the 990; $659K paid to officers and key staff.
Alvertis Brooks JR’s $159K as Executive Director is at the 50th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Bob Luciano | — | $160,000 | $148,667 | $130,963 | — | — |
| Alvertis Brooks JR | $159,133 | $155,000 | — | — | — | — |
| Sanjiv Dorsey | — | — | — | — | $155,000 | — |
| Robert Williams | $125,981 | $123,000 | $113,605 | — | — | — |
| Robert Luciano | $116,158 | — | — | — | — | — |
| Paul Pitkin | $115,500 | $110,000 | — | — | — | — |
| Andrea Sherwood | $106,732 | $111,000 | $105,505 | — | — | — |
| Wayne Lau | — | — | — | — | — | $91,107 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Provides business and real estate loans to promote economic development, diversity, and livability in Southeast Seattle's Rainier Valley community.
Questions for Rainier Valley Community Development Fund
Your first name shows with your question. Rainier Valley Community Development Fund answers here, for everyone.
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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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $6.4M | $5.1M |
| Land, buildings, equipmentLn 10c | $1.6M | $1.8M |
| Total assetsLn 16 | $31.1M | $31.5M |
| LiabilitiesLn 26 | $2.4M | $3.1M |
| Net assetsLn 32 | $28.7M | $28.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $285K | $285K | ||
| Pay of current officers, directors and key staffLn 5 | $324K | $198K | $110K | $16K |
| Other salaries and wagesLn 7 | $310K | $189K | $105K | $15K |
| Pension plan contributionsLn 8 | $7K | $5K | $3K | $372 |
| Other employee benefitsLn 9 | $72K | $44K | $24K | $4K |
| Payroll taxesLn 10 | $64K | $39K | $22K | $3K |
| Legal feesLn 11b | $56K | $56K | ||
| Accounting feesLn 11c | $146K | $146K | ||
| Other fees for servicesLn 11g | $85K | $23K | $60K | $2K |
| Advertising and promotionLn 12 | $8K | $4K | $3K | $211 |
| Office expensesLn 13 | $12K | $7K | $4K | $593 |
| Information technologyLn 14 | $8K | $5K | $3K | $398 |
| OccupancyLn 16 | $35K | $21K | $12K | $2K |
| TravelLn 17 | $13K | $8K | $4K | $661 |
| InterestLn 20 | $132K | $132K | ||
| Depreciation, depletion and amortizationLn 22 | $18K | $11K | $6K | $915 |
| InsuranceLn 23 | $28K | $17K | $9K | $1K |
| Other expenses (24a–d)Ln 24 | $85K | $50K | $34K | $1K |
| Total functional expensesLn 25 | $1.7M | $1.0M | $602K | $48K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $4.9M | $2.3M | $2.6M | $30.6M | 990 PDF |
| FY2024 Viewing | $1.8M | $1.7M | $162K | $28.4M | 990 PDF |
| FY2023 | $1.6M | $1.5M | $77K | $28.7M | 990 PDF |
| FY2022 | $1.4M | $1.2M | $211K | $29.0M | 990 PDF |
| FY2021 | $2.1M | $1.2M | $970K | $29.1M | 990 PDF |
| FY2020 | $1.7M | $1.7M | $23K | $27.7M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $1,848,906 revenue, 12 lines filed
Part VI · Governance 10 of 10 board members independent, no flags
Part VIII · Statement of revenue $1,848,906 across 6 lines filed
Part IX · Statement of functional expenses $1,687,014 across 18 lines filed
Part X · Balance sheet $31,454,230 assets, 12 lines filed
Part XI · Reconciliation of net assets $28,359,041 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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