Rainier Valley Community Development Fund
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.
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
Share of 2025 grant dollars across all 19 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
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
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
The most common grant size was under $50K: 85 grants of 85 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Golden Trade International LLC Renton, WA | Program Support | $15,425 |
| Northwest Black Pioneers Steering Committee Seattle, WA | Program Support | $15,000 |
| Roadsafe Driving Academy LLC Seattle, WA | Program Support | $12,625 |
| The Breakfast Group Seattle, WA | Program Support | $12,500 |
| Seward Park Grocery and Pet LLC Seattle, WA | Program Support | $12,150 |
| Judahreign Intl LLC Seattle, WA | Program Support | $11,900 |
| 23RD Ave Brewery LLC Seattle, WA | Program Support | $10,000 |
| Debonair Decor Couture LLC Seattle, WA | Program Support | $10,000 |
| Jack Nicker Brewing Company LLC Seattle, WA | Program Support | $10,000 |
| Buffalo Soldiers of Seattle Seattle, WA | Program 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) |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| 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
- Updated Form 990 for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 2, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS October 18, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS August 9, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 10, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS August 10, 2026)
- 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
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.
Here's the math on researching Rainier Valley Community Development Fund by hand.
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