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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.

2016 Audit Report

Statement of Financial Position
Current assets $4,109,756
Loans receivable, net of current portion and loan loss reserves 21,929,748
Other assets 97,824
Total Assets $26,137,328
Liabilities and Net Assets
Current liabilities $22,756
Total Liabilities 22,756
Unrestricted net assets 26,114,572
Total Net Assets 26,114,572
Total Liabilities and Net Assets $26,137,328

Statement of Activities
City of Seattle loan program and grants $1,057,161
Loan and interest fees 1,018,327
Other income 33,836
Total Revenue 2,109,324
Program services 709,570
Management and general 176,926
Total Expenses 886,496
Change in unrestricted net assets 1,222,828
Net assets, beginning of year 24,891,744
Net assets, end of year $26,114,572

The financial information presented has been compiled from Rainier Valley Community Development Fund’s audited financial statements. The 2016 audit was conducted by Peterson Sullivan LLP and is available online at us/financial results.

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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.