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
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
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 grants94% of program spendingHomeownership 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 spent4% of program spendingBlack 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 spent2% of program spending
The 3 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $597,272.
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.
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%).
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.
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).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 3 reported years ran a deficit.
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.
Who funds it, year by year
Grant support over time, funder by funder — shade shows the grant size each year.
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.
“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.
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.
Against its field
WILLIAMS & RUSSELL CDC holds deeper cash reserves than three-quarters of the 366 community improvement nonprofits its size.
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.
- Small Business Administration$850k
- Department of Housing and Urban Development$750k
- Department of Agriculture$300k
- 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
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
56% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 1 state
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.
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