Financial Results

AUDITED FINANCIAL STATEMENTS

The RVCDF staff and board of directors manages the Fund prudently on behalf of our community and the organization has received unqualified audit opinions since inception in 2003.


STATEMENT OF FINANCIAL POSITION

Statements of financial positions

STATEMENT OF ACTIVITIES

Statements of activities

STATEMENT OF FUNCTIONAL EXPENSES

Statement of Functional Expenses

STATEMENT OF CASH FLOWS

STATEMENT OF CASH FLOWS

STATEMENT OF FINANCIAL POSITION

  2019
Assets
Current assets $11,554,209
Loans receivable, net of current portion and loan loss reserves 17,237,414
Other assets 445,901
Total Assets$29,237,524
Liabilities and Net Assets
Current liabilities $24,104
Notes payable 1,513,500
Total Liabilities1,537,604
Net assets without donor restrictions 27,669,920
Total Liabilities and Net Assets$29,237,524

STATEMENT OF ACTIVITIES

  2019
Revenue
Loan interest and fees $ 1,196,968
Grants10,075
Other income 83,767
Total Revenue1,290,810
Expenses
Program services 724,545
Management and general 248,245
Total Expenses972,790
Change in net assets without donor restrictions 318,020
Net assets without donor restrictions, beginning of year 27,381,900
Net assets without donor restrictions, end of year $ 27,699,920

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If your business or residence is located in southeast Seattle and your company has been in business for at least one year, Rainier Valley Community Development Fund will work with you on your specific financing needs. Take a few minutes to complete a loan inquiry now.