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Nonprofit · EIN 86-3566788

WILLIAMS & RUSSELL CDC

Tax-exempt · PORTLAND, OR 97211

Financials

$1.1M$126K2023$3.6M$1.8M2024$30.8M$1.1M2025
Revenue Expenses · by fiscal year end
Financials of WILLIAMS & RUSSELL CDC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$30,753,344$1,069,057$29,684,287$39,345,048$6,147,761$33,197,287
December 31, 2024990$3,628,806$1,831,396$1,797,410$4,273,341$817,876$3,455,465
December 31, 2023990$1,125,111$126,241$998,870$1,222,249$223,379$998,870
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$28,682,215
of which government grants
$862,800
Program service revenue
$0
Investment income
$2,070,129
Net gain from sales of assets
$1,900,000
Other revenue
$1,000

Expenses

Grants and similar amounts paid
$17,425
Compensation of officers, directors and key employees
$181,696
Other salaries and wages
$98,410
Salaries, compensation and benefits (total)
$316,576
Professional fundraising fees
$0
Legal fees
$175,752
Accounting fees
$63,169
Occupancy
$56,832
Travel
$51,168
Depreciation
$1,016
Program services (functional)
$597,272
Management and general (functional)
$300,700
Fundraising (functional)
$171,085

Balance sheet and other

Total assets, start of year
$4,273,341
Total assets, end of year
$39,345,048
Total liabilities, end of year
$6,147,761
Net assets, end of year
$33,197,287
Land, buildings and equipment
$31,919,914
Net assets without donor restrictions
$33,188,287
Net assets with donor restrictions
$9,000
Gross receipts
$30,753,344
Employees
3
Volunteers
14
Year formed
2021
State of legal domicile
OR

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
AZALEA RENFIELDEXECUTIVE DIRECTOR
Officer
100$175,089$6,607
JT FLOWERSCHAIR
Trustee or director, Officer
10$0$0
KARIS STOUDMIRE PHILLIPSVICE CHAIR
Trustee or director, Officer
10$0$0
JUSTICE RAJEESECRETARY
Trustee or director, Officer
10$0$0
TAI DUNSON-STRAINTREASURER
Trustee or director, Officer
10$0$0
DANA SHEPARDDIRECTOR
Trustee or director
10$0$0
JAMES FAISONDIRECTOR
Trustee or director
10$0$0
ANTHONY DELONEYDIRECTOR
Trustee or director
10$0$0
EBONY AMATODIRECTOR
Trustee or director
10$0$0
990 for the year ended December 31, 2024: 10 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
AZALEA RENFIELDEXECUTIVE DIRECTOR
Officer
100$137,154$0$6,697
BRYAN DAVISPRESIDENT
Trustee or director, Officer
10$0$24,500$0
JT FLOWERSPRESIDENT
Trustee or director, Officer
10$0$0$0
JUSTICE RAJEESECRETARY
Trustee or director, Officer
10$0$0$0
DANA SHEPARDDIRECTOR
Trustee or director
10$0$0$0
JAMES FAISONDIRECTOR
Trustee or director
10$0$0$0
ANTHONY DELONEYDIRECTOR
Trustee or director
10$0$0$0
KARIS STOUDMIRE PHILLIPSDIRECTOR
Trustee or director
10$0$0$0
TAI DUNSON-STRAINDIRECTOR
Trustee or director
10$0$0$0
EBONY AMATODIRECTOR
Trustee or director
10$0$0$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
Bryan DavisPresident
Trustee or director
0$0
Dana ShepardDirector
Trustee or director
10$0
Justice RajeeSecretary
Trustee or director
10$0
James FaisonDirector
Trustee or director
10$0
Joy Alise DavisDirector
Trustee or director
10$0
Anthony DeloneyDirector
Trustee or director
10$0
Karis Stoudmire PhillipsDirector
Trustee or director
10$0
Tai Dunson-StrainVice President
Trustee or director
10$0
Ebony AmatoDirector
Trustee or director
10$0
JT FlowersDirector
Trustee or director
10$0

Address and contacts

Address (IRS master file)
5019 NE 21ST AVE, PORTLAND, OR 97211-5612
In care of
% BRYSON DAVIS
Mailing address (990-N for 2022)
1000 SW BROADWAY STE 1400, PORTLAND OR 972053066
Principal officer (990 for 2025)
AZALEA RENFIELD, 5019 NE 21ST AVE, PORTLAND, OR 97211
Principal officer (990-N for 2022)
Azalea Renfield, 6607 NE MLK Jr Blvd, Portland OR 97211
Signed the 990
AZALEA RENFIELD, CEO
Phone
(503) 482-8352
Return prepared by
MCDONALD JACOBS PC

Mission

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.

990 for the year ended December 31, 2025

Program accomplishments

  • 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.
    Expenses $561,817 · grants $17,425
  • 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.
    Expenses $22,703
  • 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.
    Expenses $12,752

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
86-3566788
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2023
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$39,345,048
Income (IRS master file)
$30,753,344

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$30,753,344$1,069,057$39,345,048XML
990December 2024$3,628,806$1,831,396$4,273,341XML
990December 2023$1,125,111$126,241$1,222,249XML
990-N for 2022
Officer: Azalea Renfield
December 31, 2022≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 86-3566788).

Questions about WILLIAMS & RUSSELL CDC

What is the EIN of WILLIAMS & RUSSELL CDC?
The employer identification number (EIN) of WILLIAMS & RUSSELL CDC is 86-3566788.
Is WILLIAMS & RUSSELL CDC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
Are donations to WILLIAMS & RUSSELL CDC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does WILLIAMS & RUSSELL CDC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of WILLIAMS & RUSSELL CDC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did WILLIAMS & RUSSELL CDC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of WILLIAMS & RUSSELL CDC?
The 990 for the year ended December 31, 2025 names AZALEA RENFIELD.
Who are the officers and directors of WILLIAMS & RUSSELL CDC?
The 990 for the year ended December 31, 2025 lists 9 people; 1 received compensation from the organization, the highest $175,089 (AZALEA RENFIELD, EXECUTIVE DIRECTOR).
How much revenue does WILLIAMS & RUSSELL CDC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $30,753,344, expenses of $1,069,057 and total assets of $39,345,048 at year end.

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