2023-10-18T16:00:21-05:00 2022-12-31 910873571 GREENWOOD OHLUND PS 4241 21ST AVE W SUITE 400 SEATTLE WA 98199 990 2022-01-01 331030838 RAINIER VALLEY COMMUNITY DEVELOPMENT FUND RAIN 2067225280 6951 MARTIN LUTHER KING WAY S 225 SEATTLE WA 98118 BOB LUCIANO EXECUTIVE DIRECTOR 2067225280 2023-10-18 1 BOB LUCIANO 999009999 1 MATT S SMITH P01920313 2067821767 2023-10-18 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BOB LUCIANO 6951 MARTIN LUTHER KING WAY S 225 SEATTLE WA 98118 1423079 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 7 8 0 0 1002500 236229 1090157 1144324 35746 42526 0 0 2128403 1423079 324276 323250 0 0 523858 462039 0 0 0 309993 426646 1158127 1211935 970276 211144 31147402 30914014 2039701 1869200 29107701 29044814 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 449332 1144324 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 $4.4 MILLION FOR THE BUSINESS AND REAL ESTATE LOANS IN 2022. 323250 323250 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. 772582 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 1 7 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 KATEESHA ATTERBERRY FORMER PRESIDENT 1.00 X X 0 0 0 ALVERTIS BROOKS INTERIM PRESIDENT AND TREASURER 1.00 X X 0 0 0 CLEODIS FLOYD SECRETARY 1.00 X X 0 0 0 RUDY CASTILLO DIRECTOR 1.00 X 0 0 0 MANDA LANDA DIRECTOR 1.00 X 0 0 0 CLEODIS FLOYD DIRECTOR 1.00 X 0 0 0 SAM LAI DIRECTOR 1.00 X 0 0 0 EFREM FESAHA DIRECTOR 1.00 X 0 0 0 BOB LUCIANO EXECUTIVE DIRECTOR 40.00 X 130963 0 3319 SANJIV DORESWAMY FORMER EXECUTIVE DIRECTOR 40.00 X 87635 0 4382 218598 0 7701 1 0 0 0 0 236229 236229 LOAN INTEREST 522200 1079609 1079609 LOAN FEES 522200 64715 64715 1144324 42526 42526 1423079 1144324 0 42526 323250 323250 226299 165198 61101 165439 120770 44669 46 34 12 32409 23459 8950 37846 27628 10218 52570 52570 160563 160563 1594 1594 13496 13496 7148 5215 1933 11224 8189 3035 29435 21475 7960 5727 5727 116 116 39062 39062 15724 15724 18136 13231 4905 CONTRACTOR SERVICES 27042 19729 7313 OTHER 22630 5342 17288 DUES AND SPONSORSHIPS 15100 15100 COMMUNICATIONS 7079 7079 1211935 772582 439353 0 1574573 1691614 3146136 8677537 25808477 19952083 10701 24023 113592 77206 30667 36386 576848 532371 31147402 30914014 26201 29279 500000 326421 1513500 1513500 2039701 1869200 X 29107701 29044814 29107701 29044814 31147402 30914014 X 211144 -274031 X 0 1 X 1 0 X 469000 16775 573200 1002500 236229 2297704 1153691 1221707 1066116 1090157 1144324 5675995 1622691 1238482 1639316 2092657 1380553 7973699 0 0 0 7973699 39440 52328 40181 35746 42526 210221 39440 52328 40181 35746 42526 210221 4367 4367 1666498 1290810 1679497 2128403 1423079 8188287 0.97380 0.97500 0.02570 0.02430 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 113592 77206 36386 36386 1423079 0 1423079 0 1423079 1485966 274031 274031 1211935 0 1211935 PART XII, LINE 2D - OTHER ADJUSTMENTS: LOAN LOSS EXPENSE 274,031. 1 MARS EARLY LEARNING ACADEMY LLC 9400 RAINIER AV S SEATTLE WA 98118 861333112 501(C)(3) 30000 0 PROGRAM SUPPORT SOUTH SEATTLE WOMEN'S HEALTH FOUNDATION 4704 S MEAD ST SEATTLE WA 98118 473348689 30000 0 PROGRAM SUPPORT LATIN BROTHERS INC DBA BAJA BISTRO 2710 BEACON AVE S SEATTLE WA 98144 911987016 25000 0 PROGRAM SUPPORT PATRIXIA PARAISO LLC SOUTH 336TH ST FEDERAL WAY WA 98003 861252607 25000 0 PROGRAM SUPPORT COLUMBIA CITY MARKET LLC 3925 MARTIN LUTHER KING JR WAY S SEATTLE WA 98108 811426421 20000 0 PROGRAM SUPPORT MUSTAPHAS INC 1253 S JACKSON ST SEATTLE WA 98144 821343201 20000 0 PROGRAM SUPPORT ROYALTY REIGNS ESTATE LLC 1915 3RD AV SEATTLE WA 98101 852767072 15000 0 PROGRAM SUPPORT CAFE RED LLC 7148 MARTIN LUTHER KING JR WAY SOUTH SEATTLE WA 98118 813183471 10000 0 PROGRAM SUPPORT OTHELLO LE'S DELI CORPORATION 4912 S OTHELLO STREET 105C SEATTLE WA 98118 604001791 10000 0 PROGRAM SUPPORT ROADSAFE DRIVING ACADEMY LLC 7101 MARTIN LUTHER KING JR WAY S SEATTLE WA 98118 473534990 10000 0 PROGRAM SUPPORT 1 14 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. 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 -274,031.