Rainier Valley Community Development Fund logo

Rainier Valley Community Development Fund

Public charity · Grantmaker Seattle, WA EIN: 33-1030838 Website

RAINIER VALLEY COMMUNITY DEVELOPMENT, based in Seattle, Washington, is a public charity that describes itself as a self-sustaining, community-controlled financial institution. Its work includes mission-driven lending to small businesses and developers, and its 2025 filing reports grants made through a joint agreement with a community nonprofit lender to underserved small businesses.

Key facts about Rainier Valley Community Development Fund

In short: Rainier Valley Community Development Fund gave $186K across 19 grants in 2025 (avg $10K), mostly in Washington. Source: 2025 IRS Form 990.

EIN
33-1030838
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$186,076
Grants made (2025)
19
Average grant
$9,793
Median grant
$9,375
Total assets
$33,574,441
Primary geography
Washington (100% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$33.6M

+6.7% YoY

Annual Giving

$186K

+4.8% YoY

Grant Count

19

+5.6% YoY

Avg Grant Size

$10K

-0.7% YoY

How Rainier Valley Community Development Fund gives

  • 63% of 2025 grantees were also funded in 2024. Method
  • Giving held roughly steady from 2022 to 2025 (−5%). Method

Estimate from itemized grant lists in IRS Form 990 filings (2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

The organization’s stated mission is to serve as a catalyst for economic development that promotes the diversity and livability of the Rainier Valley area of southeast Seattle. Its website describes a broader commitment to community development and economic opportunity through responsible lending, including financing for small businesses, affordable housing, commercial real estate, and community facilities. It also offers business assistance, including access to online learning resources.

The 2025 filing says the organization acted as trustee for a revolving loan fund restricted to community development activities in areas specified in its trust document. It also maintains non-restricted funds that enable lending outside that trust zone. The filing describes a joint agreement with a community nonprofit lender to review grant applications from underserved small businesses and disburse funds, with follow-up questionnaires used to document how grant funds were spent.

Among the 2025 grantees, The Breakfast Group received $12,500. The grantee describes its mission as promoting economic development and effective leadership for the African American community through education and recognition, with an emphasis on youth education.

Grantmaking

In filing year 2025, the organization reported 19 grants totaling $186,076. Grant amounts ranged from $5,625 to $15,425, with a median of $9,375. The listed grants went entirely to recipients in Washington state and were reported for program support.

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Geographic Focus

Where this funder awards grants

The organization’s stated mission centers on the Rainier Valley area of southeast Seattle. Its website also describes work in South Seattle and King County, and says lending options are available to business owners and entrepreneurs in a growing number of communities. All 19 grants reported for filing year 2025 went to recipients in Washington.

Grant Distribution by State

1state

Share of 2025 grant dollars across all 19 itemized grants.

States

Cities

SeattleRentonFederal Way

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K1 grant2020 23 grants2021 10 grants2022 15 grants2023 18 grants2024 19 grants2025

From 2020 to 2025, annual grant giving ranged from $102K (2020) to $285K (2023). In 2025 it made 19 grants totaling $186K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

Golden Trade International LLC: $15KGolden Trade International LLC$15KNorthwest Black Pioneers Steering Committee: $15KNorthwest Black PioneersSteering Committee$15KRoadsafe Driving Academy LLC: $13KRoadsafe Driving Academy LLC$13KThe Breakfast Group: $13KThe Breakfast Group$13KSeward Park Grocery and Pet LLC: $12KSeward Park Grocery and PetLLC$12KJudahreign Intl LLC: $12KJudahreign Intl LLC$12K23RD Ave Brewery LLC: $10K23RD Ave Brewery LLC$10KDebonair Decor Couture LLC: $10KDebonair Decor Couture LLC$10KJack Nicker Brewing Company LLC: $10KJack Nicker Brewing CompanyLLC$10KBuffalo Soldiers of Seattle: $9KBuffalo Soldiers of Seattle$9K

The largest 2025 recipient was Golden Trade International LLC ($15K). Together the top 10 received $119K.

Grant Size Distribution

85 grants across all recorded years

85<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 85 grants of 85 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Golden Trade International LLC Renton, WAProgram Support$15,425
Northwest Black Pioneers Steering Committee Seattle, WAProgram Support$15,000
Roadsafe Driving Academy LLC Seattle, WAProgram Support$12,625
The Breakfast Group Seattle, WAProgram Support$12,500
Seward Park Grocery and Pet LLC Seattle, WAProgram Support$12,150
Judahreign Intl LLC Seattle, WAProgram Support$11,900
23RD Ave Brewery LLC Seattle, WAProgram Support$10,000
Debonair Decor Couture LLC Seattle, WAProgram Support$10,000
Jack Nicker Brewing Company LLC Seattle, WAProgram Support$10,000
Buffalo Soldiers of Seattle Seattle, WAProgram Support$9,375

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants reported
2025 $33,574,441 $4,911,057 $2,276,543 $186,076 (19)
2024 $31,454,230 $1,848,906 $1,687,014 $177,475 (18)
2023 $31,131,128 $1,551,417 $1,474,649 $285,000 (15)
Revenue
Expenses
Net Investment Income
$0$2M$4M$6M2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$33,574,441$31,454,230$31,131,128
Revenue$4,911,057$1,848,906$1,551,417
Expenses$2,276,543$1,687,014$1,474,649
Net Investment Income$184,648$127,461$95,137

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2020 (received by the IRS November 15, 2021)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS November 2, 2022)
  3. Updated Form 990 for fiscal year 2022 (received by the IRS October 18, 2023)
  4. Updated Form 990 for fiscal year 2023 (received by the IRS August 9, 2024)
  5. Updated Form 990 for fiscal year 2024 (received by the IRS November 10, 2025)
  6. Added Form 990 for fiscal year 2025 (received by the IRS August 10, 2026)
  7. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Leadership team and compensation from IRS filings

The 2025 filing lists Richard Cassell as board president, Mandy Landa as board vice president, Rudy Castillo as treasurer, and Roxanne Christian as secretary. It lists Cleodis Floyd, Marlon Turner, Ibijoke Idowu, Riley Corr, Dr. Tarra Mitchell, and Lara Mae D Chollette as board members.

The organization’s website identifies Alvertis Brooks, Jr. as chief executive officer.

Rainier Valley Community Development Fund is led by Alvertis Brooks Jr., Executive Director since 2024 (on filings since 2021); 5 of 15 officers listed in 2025 are compensated.

Officers on the 2025 filing

  • Alvertis Brooks Jr.

    Executive Director

    Interim President & Treasurer → President, 2023

    President → Executive Director, 2024

    On filings since 2021

    40 hrs/week

    $155K (2024) → $159K (2025)

  • Richard Cassell

    Board President

    Vice President → Board President, 2024

    On filings since 2023

    1 hr/week

    No compensation reported

  • Paul Pitkin

    Director of Development

    On filings since 2024

    40 hrs/week

    $110K (2024) → $116K (2025)

  • Robert Luciano

    Director of Community Planning & Development

    New on the 2025 filing

    40 hrs/week

    $116K (2025)

  • Andrea Sherwood

    Portfolio Manager

    On filings since 2023

    40 hrs/week

    $106K (2023) → $107K (2025)

  • Robert Williams

    Regional Manager of Community Planning & Development

    Loan & Program Officer → Regional Manager of Community Planning & Development, 2024

    On filings since 2023

    40 hrs/week

    $114K (2023) → $126K (2025)

  • Cleodis Floyd

    Board Member

    Secretary & Director → Secretary, 2023

    Secretary → Board Member, 2024

    On filings since 2020

    1 hr/week

    No compensation reported

  • Mandy Landa

    Board Vice President

    Director → Treasurer, 2023

    Treasurer → Board Vice President, 2024

    On filings since 2020

    1 hr/week

    No compensation reported

  • Rudy Castillo

    Treasurer

    Director → Treasurer, 2024

    On filings since 2020

    1 hr/week

    No compensation reported

  • Marlon Turner

    Board Member

    Director → Board Member, 2024

    On filings since 2023

    1 hr/week

    No compensation reported

  • Ibijoke Idowu

    Board Member

    On filings since 2024

    1 hr/week

    No compensation reported

  • Lara Mae D. Chollette

    Board Member

    On filings since 2024

    1 hr/week

    No compensation reported

  • Riley Corr

    Board Member

    On filings since 2024

    1 hr/week

    No compensation reported

  • Roxanne Christian

    Secretary

    On filings since 2024

    1 hr/week

    No compensation reported

  • Tarra Mitchell

    Board Member

    On filings since 2024

    1 hr/week

    No compensation reported

Former officers (16)
  • Former: Bob Luciano (2022–2024) — Executive Director
  • Former: Efrem Fesaha (2021–2023) — Director
  • Former: Paul Tupper (2023) — Director
  • Former: Kateesha Atterberry (2020–2022) — Former President
  • Former: Sam Lai (2020–2022) — Director
  • Former: Sanjiv Doreswamy (2022) — Former Executive Director
  • Former: Matthew Reese (2020–2021) — Director
  • Former: Yohannes Sium (2020–2021) — Director
  • Former: Rodolfo Castillo Jr. (2021) — Director
  • Former: Sanjiv Dorsey (2021) — Executive Director
  • Former: Avertis Brooks (2020) — Director
  • Former: David Debruyn (2020) — Treasurer
  • Former: Doug Cargill (2020) — President
  • Former: Lisa Yoshizumi (2020) — Director
  • Former: Samuel Kraft (2020) — Director
  • Former: Wayne Lau (2020) — Executive Director

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Alvertis Brooks Jr — Executive Director: $159KAlvertis Brooks JrExecutive Director$159KRobert Williams — Regional Manager of Community Planning & Dev.: $126KRobert WilliamsRegional Manager of Community…$126KRobert Luciano — Director of Community Planning and Development: $116KRobert LucianoDirector of Community Planning…$116KPaul Pitkin — Director of Development: $116KPaul PitkinDirector of Development$116KAndrea Sherwood — Portfolio Manager: $107KAndrea SherwoodPortfolio Manager$107K

The highest reported compensation on the 2025 filing was $159K, to Alvertis Brooks Jr (Executive Director). 5 officers or directors reported compensation on that filing.

Contact

Mailing address: 2802 South Mcclellan Street, Seattle, WA 98144
Phone: (206) 722-5280
Website: https://rvcdf.org

Frequently asked questions about Rainier Valley Community Development Fund

How much does Rainier Valley Community Development Fund give each year?

Rainier Valley Community Development Fund gave $186K across 19 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $177K across 18 grants.

What is Rainier Valley Community Development Fund's typical grant size?

Rainier Valley Community Development Fund's median grant in 2025 was $9,375, and its average grant was $9,793, across 19 grants on its 2025 IRS Form 990.

Where does Rainier Valley Community Development Fund give grants?

Rainier Valley Community Development Fund gives mostly in Washington: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Seattle, WA (18 grants).

Does Rainier Valley Community Development Fund give general operating support?

Not in 2025: none of the 19 grants with a stated purpose on Rainier Valley Community Development Fund's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Program Support" (19 grants).

Who are Rainier Valley Community Development Fund's largest grantees?

Rainier Valley Community Development Fund's largest 2025 grantees include Golden Trade International LLC ($15,425), Northwest Black Pioneers Steering Committee ($15,000) and Roadsafe Driving Academy LLC ($12,625), according to its 2025 IRS Form 990. Together they received 23% of its itemized 2025 grant dollars.

How large is Rainier Valley Community Development Fund?

Rainier Valley Community Development Fund reported $33.6M in total assets on its 2025 IRS Form 990. Its revenue that year was $4.9M.

What does Rainier Valley Community Development Fund fund?

The organization’s stated mission is to serve as a catalyst for economic development that promotes the diversity and livability of the Rainier Valley area of southeast Seattle. See mission & focus areas ↑

How do I apply for a grant from Rainier Valley Community Development Fund?

Rainier Valley Community Development Fund has no public application process in the sources Grantable reviewed. Check rvcdf.org for current guidelines, or contact the foundation directly before submitting a request.

What is Rainier Valley Community Development Fund's EIN?

Rainier Valley Community Development Fund's EIN (Employer Identification Number) is 33-1030838. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.

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