Civic Intelligence

Rainier Valley Community Development Fund

990 • Fiscal year 2015 • EIN 33-1030838

Jan 01, 2015 to Dec 31, 2015 • Filed on Jun 17, 2016

6951 MARTIN LUTHER KING WAY No 225Seattle, WA 98118

(206) 722-5280

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

6th percentile

0.00x

Higher debt load relative to assets than 6% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

10th percentile

0.02x

Higher debt load relative to revenue than 10% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

3rd percentile

-98%

Higher net margin than 3% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

45th percentile

$159,459

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 17.8% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

24th percentile

-3.6%

Faster asset growth than 24% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

3rd percentile

-69%

Faster revenue growth than 3% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Down

$24,911,273

Down $921,441 (-3.6%) from 2014

Net Assets

Down

$24,891,744

Down $877,021 (-3.4%) from 2014

Liabilities

Down

$19,529

Down $44,420 (-69%) from 2014

Revenue

Down

$896,246

Down $1,951,272 (-69%) from 2014

Expenses

Up

$1,773,267

Up $917,361 (+107%) from 2014

Net Income

Down

-$877,021

Down $2,868,633 (-144%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2013: $23,847,676Liabilities 2013: $70,523Net Assets 2013: $23,777,1532013Assets 2014: $25,832,714Liabilities 2014: $63,949Net Assets 2014: $25,768,7652014Assets 2015: $24,911,273Liabilities 2015: $19,529Net Assets 2015: $24,891,7442015Assets 2016: $26,137,328Liabilities 2016: $22,756Net Assets 2016: $26,114,5722016Assets 2017: $27,251,361Liabilities 2017: $787,470Net Assets 2017: $26,463,8912017Assets 2018: $29,437,672Liabilities 2018: $2,055,772Net Assets 2018: $27,381,9002018Assets 2019: $29,237,524Liabilities 2019: $1,537,604Net Assets 2019: $27,699,9202019Assets 2020: $29,332,193Liabilities 2020: $1,609,186Net Assets 2020: $27,723,0072020Assets 2021: $31,147,402Liabilities 2021: $2,039,701Net Assets 2021: $29,107,7012021Assets 2022: $30,914,014Liabilities 2022: $1,869,200Net Assets 2022: $29,044,8142022Assets 2023: $31,131,128Liabilities 2023: $2,386,790Net Assets 2023: $28,744,3382023Assets 2024: $31,454,230Liabilities 2024: $3,095,189Net Assets 2024: $28,359,0412024

Highlighted filing

2015

Assets$24,911,273
Liabilities$19,529
Net Assets$24,891,744

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $6,748,450Expenses 2013: $1,409,991Net Income 2013: $5,338,4592013Revenue 2014: $2,847,518Expenses 2014: $855,906Net Income 2014: $1,991,6122014Revenue 2015: $896,246Expenses 2015: $1,773,267Net Income 2015: -$877,0212015Revenue 2016: $2,109,324Expenses 2016: $886,496Net Income 2016: $1,222,8282016Revenue 2017: $1,113,409Expenses 2017: $764,090Net Income 2017: $349,3192017Revenue 2018: $1,666,498Expenses 2018: $748,489Net Income 2018: $918,0092018Revenue 2019: $1,290,810Expenses 2019: $972,790Net Income 2019: $318,0202019Revenue 2020: $1,679,497Expenses 2020: $1,656,410Net Income 2020: $23,0872020Revenue 2021: $2,128,403Expenses 2021: $1,158,127Net Income 2021: $970,2762021Revenue 2022: $1,423,079Expenses 2022: $1,211,935Net Income 2022: $211,1442022Revenue 2023: $1,551,417Expenses 2023: $1,474,649Net Income 2023: $76,7682023Revenue 2024: $1,848,906Expenses 2024: $1,687,014Net Income 2024: $161,8922024

Highlighted filing

2015

Revenue$896,246
Expenses$1,773,267
Net Income-$877,021
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jun 17, 2016
Return Version
2015v2.1
Gross Receipts
$896,246
Mission and Program Overview

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$20,248,117$20,233,564▼ $14,553
Cash and Non-Interest-Bearing Accounts$4,983,276$2,649,533▼ $2,333,743
Savings and Temporary Cash Investments-$1,205,691-
Accounts Receivable$104,789$55,774▼ $49,015
Prepaid Expenses and Deferred Charges$13,658$16,618▲ $2,960
Land, Buildings, and Equipment, Net$5,659$1,713▼ $3,946
Total Assets$25,832,714$24,911,273▼ $921,441
Other Assets Total$477,215$748,380▲ $271,165
Liabilities
Accounts Payable and Accrued Expenses$63,172$19,529▼ $43,643
Escrow Account Liability$777--
Total Liabilities$63,949$19,529▼ $44,420
Net Assets / Fund Balance
Unrestricted Net Assets$25,758,765$24,891,744▼ $867,021
Temporarily Rstr Net Assets$10,000$0▼ $10,000
Total Net Assets Fund Balance$25,768,765$24,891,744▼ $877,021
Total Liabilities and Net Assets / Fund Balance$25,832,714$24,911,273▼ $921,441

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,713$69,933$71,646
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Wayne LauExecutive DirectorFT$126,000$33,459$159,459

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$35,518
Program Service Revenue
$856,404
Investment Income
$691
Other Revenue
$3,633
All Other Contributions
$2,500
Change in Net Assets
$-877,021

Audited Revenue Reconciliation

Revenue per Audited Statements
$896,246
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$896,246
Total Revenue per Form 990
$896,246
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,249,594
Salaries, Compensation, and Employee Benefits$523,673
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$179,961$83,926-$263,887
Current Officers, Directors, Trustees, and Key Employees$108,746$50,713-$159,459
Other Employee Benefits$39,227$18,294-$57,521
Payroll Taxes$26,179$12,208-$38,387
Fees for Services Accounting-$31,906-$31,906
Occupancy$19,743$8,381-$28,124
Office Expenses$15,413$5,221-$20,634
Other Expenses$5,577$7,930-$13,507
Insurance$9,283$3,941-$13,224
Information Technology$11,301$161-$11,462
Conferences and Meetings$9,149--$9,149
Fees for Services Legal$4,467--$4,467
Pension Plan Contributions$3,014$1,405-$4,419
Advertising$3,934$149-$4,083
Depreciation Depletion-$3,946-$3,946
Travel$3,405$463-$3,868
Total Functional Expenses$1,540,458$232,809$0$1,773,267

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,773,267
Total Expenses per Audited Statements$1,773,267
Total Expenses per Form 990$1,773,267
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 8B

There are no other committees with authority to act on behalf of the board.

Form 990, Part VI, Section B, line 11

The form 990 is submitted to the finance committee for review.

Form 990, Part VI, Section B, line 12C

Board members are required to disclose conflicts of interest annually.

Form 990, Part VI, Section B, line 15A

A salary survey was performed in 2012.

Form 990, Part VI, Section C, line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Rainier Valley Community Development
EIN
33-1030838
Phone
2067225280
Address
6951 MARTIN LUTHER KING WAY No 225, Seattle, WA 98118

Signing Officer

Name
Wayne Lau
Title
Executive Director
Phone
2067225280
Signed
2016-06-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wayne Lau
Formed
1999
Legal Domicile
Wa
Voting Board Members
7
Independent Board Members
7
Employees
7
Volunteers
0

Preparer

Firm
Peterson Sullivan LLP CPA'S
Address
601 Union St Ste 2300, Seattle, WA 98101-2345
Preparer
Ray G Holmdahl
Phone
2063827777
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0The 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 $3.7 million for the business and real estate loans in 2015.
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IRS990/Form990PartVIISectionAGrp/PersonNm3Patricia Paschal
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IRS990/Form990PartVIISectionAGrp/PersonNm5David DeBruyn
IRS990/Form990PartVIISectionAGrp/PersonNm6RODERICK GIVENS
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IRS990/ProgSrvcAccomActy2Grp/Desc0RVCDF provides technical assistance to several businesses in the geographic service area in addition to executing financial monitoring services in connection with several loans made during the year.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt013713
IRS990/ProgSrvcAccomActy3Grp/Desc0The organization also provided leadership support to the Rainier Valley Chamber of Commerce, Martin Luther King Business Association, and the Rainier Beach Merchants Association.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt04690
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02034409
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0342455
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0813109
IRS990/PYRevenuesLessExpensesAmt01991612
IRS990/PYSalariesCompEmpBnftPaidAmt0513451
IRS990/PYTotalExpensesAmt0855906
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02847518
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-877021
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0856404
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01205691
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt035518
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02034409
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt05316436
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt05855030
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02891261
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt016132654
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0691
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01461
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt05471
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt07623
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt04142939
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99950
IRS990ScheduleA/PublicSupportPY170Pct00.99920
IRS990ScheduleA/PublicSupportTotal170Amt016132654
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt035518
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02034409
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt05316436
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt05855030
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02891261
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt016132654
IRS990ScheduleA/TotalSupportAmt016140277
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt01713
IRS990ScheduleD/EquipmentGrp/DepreciationAmt069933
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt071646
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01773267
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0896246
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01713
IRS990ScheduleD/TotalExpensesPerForm990Amt01773267
IRS990ScheduleD/TotalRevenuePerForm990Amt0896246
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0896246
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01773267
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0126000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt07500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt025959
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Wayne Lau
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Executive Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0159459
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0There are no other committees with authority to act on behalf of the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS SUBMITTED TO THE FINANCE COMMITTEE FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board members are required to disclose conflicts of interest annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A SALARY SURVEY WAS PERFORMED IN 2012.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Documents are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt010000
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt025832714
IRS990/TotalAssetsEOYAmt024911273
IRS990/TotalAssetsGrp/BOYAmt025832714
IRS990/TotalAssetsGrp/EOYAmt024911273
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt035518
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0232809
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01540458
IRS990/TotalFunctionalExpensesGrp/TotalAmt01773267
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt063949
IRS990/TotalLiabilitiesEOYAmt019529
IRS990/TotalLiabilitiesGrp/BOYAmt063949
IRS990/TotalLiabilitiesGrp/EOYAmt019529
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt025768765
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt024891744

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