2026-09-01T13:25:54-05:00 2025-12-31 930900579 MCDONALD JACOBS PC 121 SW SALMON ST STE 1100 PORTLAND OR 97204 990 2025-01-01 863566788 WILLIAMS & RUSSELL CDC WILL 5034828352 5019 NE 21ST AVE PORTLAND OR 97211 AZALEA RENFIELD CEO 5034828352 2026-09-01 1 SANG AHN P00540880 5032270581 2025 X AZALEA RENFIELD 5019 NE 21ST AVE PORTLAND OR 97211 30753344 0 X HTTPS://WWW.WILLIAMSRUSSELLCDC.ORG/ X 2021 OR THE WILLIAMS AND RUSSELL DEVELOPMENT CORPORATION'S MISSION IS TO CREATE AN ENERGETIC COMMUNITY THAT SUPPORTS THE ECONOMIC AND COMMUNITY GROWTH OF BLACK PORTLANDERS. THROUGH THE DEVELOPMENT OF HIGH-QUALITY TOWNHOMES AND APARTMENTS AND AN ENERGETIC BUSINESS AND COMMUNITY HUB. 8 8 3 14 0 0 3627367 28682215 0 0 1439 2070129 0 1000 3628806 30753344 1145854 17425 0 0 155455 316576 0 0 171085 530087 735056 1831396 1069057 1797410 29684287 4273341 39345048 817876 6147761 3455465 33197287 THE WILLIAMS AND RUSSELL DEVELOPMENT CORPORATION'S MISSION IS TO CREATE AN ENERGETIC COMMUNITY THAT SUPPORTS THE ECONOMIC AND COMMUNITY GROWTH OF BLACK PORTLANDERS. THROUGH THE DEVELOPMENT OF HIGH-QUALITY TOWNHOMES AND APARTMENTS AND AN ENERGETIC BUSINESS AND COMMUNITY HUB. 0 0 561817 17425 COMMUNITY DEVELOPMENT & REPARATIVE DEVELOPMENT FRAMEWORK:IN 2025, WILLIAMS & RUSSELL CDC COMPLETED AN $11.4 MILLION ENVIRONMENTAL REMEDIATION PROJECT, REMOVING 40,000+ TONS OF SOIL FROM THE HILL BLOCK FOLLOWING ITS TRANSFER FROM LEGACY HEALTH. THE ORGANIZATION HOSTED A PUBLIC GROUNDBREAKING WITH 100+ ATTENDEES, INCLUDING OREGON GOVERNOR TINA KOTEK, ENGAGED 15+ ELECTED OFFICIALS THROUGH LEGISLATIVE TESTIMONY AND SITE TOURS, AND PRESENTED ITS REPARATIVE DEVELOPMENT FRAMEWORK AT HARVARD, COUNCIL FOR URBAN VERTICALISM IN TORONTO, AND TWO CANADIAN UNIVERSITIES, REACHING 125+ STUDENTS AND PRACTITIONERS. 22703 HOMEOWNERSHIP 20-UNIT TOWNHOME PROJECT:WILLIAMS & RUSSELL CDC ACHIEVED FULL CAPITALIZATION OF ITS 20-UNIT TOWNHOME PROJECT IN 2025, THE FIRST HILL BLOCK COMPONENT FULLY FUNDED AND READY FOR CONSTRUCTION. DESIGNED TO CREATE EQUITY-BUILDING OWNERSHIP OPPORTUNITIES FOR DISPLACED BLACK PORTLANDERS, THE PROJECT ENGAGED 43 PROSPECTIVE HOMEOWNERS THROUGH OUTREACH AND PRE-QUALIFICATION. FUNDING SOURCES INCLUDE OHCS, PROSPER PORTLAND, PCEF, MEYER MEMORIAL TRUST, AND THE FEDERAL HOME LOAN BANK. CONSTRUCTION BEGINS 2026; COMPLETION PROJECTED Q2 2027. 12752 BLACK BUSINESS HUB:WILLIAMS & RUSSELL CDC COMPLETED BUSINESS HUB DESIGN AND ADVANCED STATE FUNDING EFFORTS IN 2025, ENGAGING 23 ANCHOR TENANTS AND 24 RETAIL PROSPECTS. THE ORGANIZATION TESTIFIED BEFORE OREGON'S WAYS & MEANS COMMITTEE IN SUPPORT OF SENATE BILL 1110. LEGISLATIVE ADVOCACY DURING THE INTERIM SECURED REPRESENTATIVE TAWNA SANCHEZ AS THE 2026 SESSION CHAMPION AND SENATE MAJORITY LEADER JAMA'S DESIGNATION OF THE HUB AS A TOP FUNDING PRIORITY. 597272 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 1 0 0 1 5 0 3 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 1 1 1 1 1 1 1 1 0 OR X X AZALEA RENFIELD 5034828352 5019 NE 21ST AVE PORTLAND OR 97211 JT FLOWERS CHAIR 10.00 X X 0 0 0 KARIS STOUDMIRE PHILLIPS VICE CHAIR 10.00 X X 0 0 0 JUSTICE RAJEE SECRETARY 10.00 X X 0 0 0 TAI DUNSON-STRAIN TREASURER 10.00 X X 0 0 0 DANA SHEPARD DIRECTOR 10.00 X 0 0 0 JAMES FAISON DIRECTOR 10.00 X 0 0 0 ANTHONY DELONEY DIRECTOR 10.00 X 0 0 0 EBONY AMATO DIRECTOR 10.00 X 0 0 0 AZALEA RENFIELD EXECUTIVE DIRECTOR 100.00 X 175089 0 6607 175089 0 6607 1 0 1 0 COLAS CONSTRUCTION 1419 NW 14TH AVE PORTLAND OR 97209 CONSTRUCTION 5410083 ADRE LLC 4713 N ALBINA AVE UNIT 201 PORTLAND OR 97217 CONSULTING/DEVELOPER FEE 892932 LEVER ARCHITECTURE 4713 N ALBINA AVE FOURTH FLOOR PORTLAND OR 97217 ENGINEERING 496076 EARLY PR AGENCY 401 19TH AVE 200 PORTLAND OR 97232 MARKETING/WEBSITE 177616 FASTER PERMIT 2000 SW 1ST AVE SUITE 420 PORTLAND OR 97201 PERMITS 111566 5 862800 27819415 21044640 28682215 170129 170129 1900000 0 1900000 1900000 1900000 MISCELLANEOUS REVENUE 900099 1000 1000 1000 30753344 0 0 2071129 X 17425 17425 181696 126049 41210 14437 98410 66408 24764 7238 7100 5528 782 790 29370 20621 6439 2310 175752 173814 1938 63169 63169 180974 12964 30500 137510 175622 126628 48994 14929 9904 4993 32 7872 858 6855 159 56832 34619 13980 8233 51168 2454 48338 376 1016 1016 7215 7215 MUNICIPAL FEES 507 507 1069057 597272 300700 171085 2045713 755510 6201803 5868 413304 31921946 2032 7110 31919914 2214650 54517 4273341 39345048 756126 1632163 4400030 61750 115568 817876 6147761 X 3455465 33188287 9000 3455465 33197287 4273341 39345048 29684287 57535 0 X X 0 1 X 1 0 X 1229757 3627367 28682215 33539339 1229757 3627367 28682215 33539339 33539339 1439 170129 171568 1000 1000 33711907 X SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: LAND AND CASH DATE: 02/26/25 AMOUNT: 27073607. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21044640 21044640 7110 2032 5078 10870196 10870196 31919914 LOAN PAYABLE PORTABLE HOUSING PHC 60000 OPERATING LEASE LIABILITIES 55568 115568 X PART X, LINE 2: THE ORGANIZATION FOLLOWS THE PROVISIONS OF FASB ASC TOPIC 740 ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT HAS EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH PROVISIONS OF THIS TOPIC. X X X X 1 DICKINSON CONSULTANTS 1520 ST HELENS STREET NW SALEM OR 97304 SOLICITATION 0 0 73696 -73696 SUMMIT STRATEGIES 205 SE SPOKANE ST 300 PORTLAND OR 97202 SOLICITATION 0 0 60000 -60000 133696 -133696 OR 1 COUNCIL ON TALL BUILDINGS AND URBAN HABITAT 104 SOUTH MICHIGAN AVE SUITE 620 CHICAGO IL 60603 263486606 501C3 6915 0 TABLE SPONSORSHIP 1 0 PART I, LINE 2: AN EXCEL RESTRICTED FUNDS WORKBOOK WAS CREATED TO TRACK FUNDS RECEIVED, EXPENSES AND BALANCES FOR EACH GRANT X X 0 0 0 0 0 0 0 0 0 AZALEA RENFIELD EXECUTIVE DIRECTOR 175089 0 0 0 0 0 6607 0 0 0 181696 0 0 0 X LAND 1 21044640 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B DRAFT 990 IS SHARED WITH THE BOARD FINANCE COMMITTEE BEFORE FILING WITH IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD OF DIRECTORS AND EXECUTIVE TEAM REVIEW CONFLICTS AT THE BEGINNING OF THE YEAR. THE LEVEL IS $100,000 FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 15 FORMAL REVIEW WITH CEO AND DEPUTY EXECUTIVE DIRECTOR AND EACH KEY PERSONNEL WAS CONDUCTED WITH AN AGREEMENT DISTRIBUTED. FORM 990, PART VI, SECTION C, LINE 19 NO OTHER DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G CONSTRUCTION CONSULTANTS: PROGRAM SERVICE EXPENSES 730. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 730. FUNDRAISING CONSULTANTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 134,877. TOTAL EXPENSES 134,877. OTHER CONSULTANTS: PROGRAM SERVICE EXPENSES 12,234. MANAGEMENT AND GENERAL EXPENSES 30,500. FUNDRAISING EXPENSES 2,633. TOTAL EXPENSES 45,367. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. WR HOMES KNOTT STREET LLC 6607 NE MARTIN LUTHER KING JR BLVD PORTLAND OR 97211 931990455 AFFORDABLE HOUSING OR 27282 3477050 WILLIAMS & RUSSELL CDC BLACK BUSINESS HUB LLC 6607 NE MARTIN LUTHER KING JR BLVD PORTLAND OR 97211 931628194 AFFORDABLE HOUSING OR 1935438 12337675 WILLIAMS & RUSSELL CDC 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 WR HOMES KNOTT STREET LLC B 1433711 CASH BLACK BUSINESS HUB LLC B 7299524 CASH