Rainier Valley Community Development Fund
Rainier Valley Community Development Fund
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About this organization
Mission
The organization serves as a catalyst for economic development that promotes the diversity and livability of the Rainier Valley area of Southeast Seattle, Washington.
About
The organization (RVCDF) acts as trustee for funds, provided by the city of Seattle which form a revolving loan fund for the benefit of the Rainier Valley community. The funds may only be used for community development activities and in specified areas as defined in the trust document. In accordance with the terms of this agreement, RVCDF advanced funds approximating $4.8 million for the business and real estate loans in 2018.
Interesting data from their 2019 990 filing
The non-profit's mission, as described in the filing, is “The organization serves as a catalyst for economic development that promotes the diversity and livability of the rainier valley area of southeast seattle, washington.”.
When describing its duties, they were characterized as: “The organization serves as a catalyst for economic development that promotes the diversity and livability of the rainier valley area of southeast seattle, washington.”.
- The non-profit has complied with legal regulations by reporting their state of operation as WA.
- The filing shows that the non-profit's address as of 2019 is 6951 MARTIN LUTHER KING WAY NO 225, SEATTLE, WA, 98118.
- As of 2019, the non-profit has reported a total of 4 employees on their form.
- Is not a private foundation.
- Expenses are between $500,000 and $1,000,000+.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $918,009.
- The organization has 7 independent voting members.
- The organization was formed in 1999.
- The organization pays $443,739 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.