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Oregon · Nonprofit

WILLIAMS & RUSSELL CDC

WILLIAMS & RUSSELL CDC (Oregon) receives grants from 4 organizations whose IRS filings report $2,082,500 to it, the largest being 1803 FUND ($1,612,500). 3 of them have funded it in more than one year.

Revenue FY2025
$31M
Funders on record
4
Grants received
$2.1M
Net assets
$33M
3/4 repeat funders
01What it does

What Williams & Russell CDC does

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.

As stated on its FY2025 Form 990.

Programs

  1. 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.

    $561,817 spentof which $17,425 as grants
    94% of program spending
  2. 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.

    $22,703 spent
    4% of program spending
  3. 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.

    $12,752 spent
    2% of program spending

The 3 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $597,272.

02The organization over time

The organization over time

Each line starts at 100 in 2023, so what you read is the shape rather than the size: 150 means half as much again as 2023, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20232023 Revenue 100 ($1.1M) Expenses 100 ($126k) Net assets 100 ($999k)2024 Revenue 323 ($3.6M) Expenses 1451 ($1.8M) Net assets 346 ($3.5M)2025 Revenue 2733 ($31M) Expenses 847 ($1.1M) Net assets 3323 ($33M)
202320242025
Revenue (2733)Expenses (847)Net assets (3323)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $4.3M to $39M (+821%).

$1.2M
$4.3M
$39M
202320242025
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2023 93% · 2024 27% · 2025 3%. Grants only. Government contracts and fees sit inside program revenue.

93% of WILLIAMS & RUSSELL CDC’s revenue is contributions — more donation-reliant than the typical peer (60% for the typical peer).

This organization
Typical peer · 698 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 3 reported years ran a deficit.

$999k
’23
$1.8M
’24
$30M
’25
78
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Azalea Renfield

Executive director

Board chair

Jt Flowers

Chair

As listed on its FY2025 Form 990.

202320242025
Listed10109
Joined·+1+0
No longer listed·11
03Who funds it

Who funds it, year by year

Grant support over time, funder by funder — shade shows the grant size each year.

Funder
'24*
'25*
total
$1.6M
funders
4
3

From the IRS filings of WILLIAMS & RUSSELL CDC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

WILLIAMS & RUSSELL CDC leans on a few funders — its largest provides 77% of grant income and the top three 99%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

78% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund WILLIAMS & RUSSELL CDC.

77%
largest funder
99%
top three
~2
effective funders

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

98% of WILLIAMS & RUSSELL CDC's grant income comes from Oregon funders.

MN
OR

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

WILLIAMS & RUSSELL CDC holds deeper cash reserves than three-quarters of the 366 community improvement nonprofits its size.

Operating margin97% · outside the comparable range
Months of reserve78.1mo · top quartile
Revenue growth (annualized)423% · outside the comparable range

this organization peer median middle 50% of peers· 366 community improvement nonprofits $10M–$100M, FY2025

Government funding WILLIAMS & RUSSELL CDC receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $2.4M on record — $1.9M federal, $474k state.

Federal$1.9M
grants $1.9Mcontracts $0
23
24
Top agencies
  • Small Business Administration$850k
  • Department of Housing and Urban Development$750k
  • Department of Agriculture$300k
State$474k
24
25
Top programs
  • DISTRIBUTION TO NON-PROFIT ORG$474k

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like WILLIAMS & RUSSELL CDC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Oregon

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

56% of spending goes to programs.

Program 56%Management 28%Fundraising 16%

Governance

8
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Footprint & structure

Files a return copy in 1 state

OR

Part of a family of 2 related entities

  • Wr Homes Knott Street LLC · disregarded
  • Black Business Hub LLC · disregarded

Screen this organization

A dated, signed PDF of the compliance screen for WILLIAMS & RUSSELL CDC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds WILLIAMS & RUSSELL CDC?
WILLIAMS & RUSSELL CDC (Oregon) receives grants from 4 organizations whose IRS filings report $2,082,500 to it, the largest being 1803 FUND ($1,612,500). 3 of them have funded it in more than one year.
How many funders does WILLIAMS & RUSSELL CDC have?
IRS filings report 4 organizations giving $2,082,500 in grants to WILLIAMS & RUSSELL CDC, 3 of which have funded it in more than one year.
Who is the largest funder of WILLIAMS & RUSSELL CDC?
1803 FUND is the largest funder on record, with $1,612,500 in grants. The full list of funders is on this page.
How can an organization like WILLIAMS & RUSSELL CDC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Oregon. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2023–2025), and the filings of 4 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing