EIN 52-2101165

City First Enterprises

IRS 501(c) type
501(c)(3)
Num. employees
21
Year formed
1998
Most recent tax filings
2022-12-01
Description
To promote equity and opportunity by providing increased access to responsible capital and complementary financial services to underserved communities with a goal of ensuring the long-term well being and resilience of individuals, families and institu...
Total revenues
$55,549,555
2022
Total expenses
$50,790,211
2022
Total assets
$60,726,218
2022
Num. employees
21
2022

Program areas at City First Enterprises

Managed portfolio of deployed funds in subordinated loans to nonprofits, small businesses, green energy, and affordable housing organizations within the greater Washington metropolitan community, as well as provide technical assistance and credit counseling to borrowers. Continued creation of permanently affordable housing by wholly owned subsidiary.

Who funds City First Enterprises

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Opportunity Finance Network (OFN)Ofn Cdfi Tech Grant Program Supported By Google.org$250,000
Opportunity Finance Network (OFN)Finance Justice Fund Subgrant$200,000
Prosperity NowTo Promote the Organization's Mission & Expand Its Reach To the Underserved Population$160,000
...and 3 more grants received

Personnel at City First Enterprises

NameTitleCompensation
Oswaldo AcostaPresident and Chief Executive Officer$315,840
Rodrigo CordonChief Operating Officer$153,782
Vickie McCormickChief Financial Officer Consultant
Shannon NysDirector of Finance
Sharon Feuer GruberDirector Partnership and Development$130,000
...and 11 more key personnel

Financials for City First Enterprises

RevenuesFYE 12/2022
Total grants, contributions, etc.$53,554,233
Program services$0
Investment income and dividends$1,410,639
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$584,683
Total revenues$55,549,555

Form 990s for City First Enterprises

Fiscal year endingDate received by IRSFormPDF link
2022-122023-07-26990View PDF
2021-122023-01-13990View PDF
2020-122021-11-02990View PDF
2019-122021-02-26990View PDF
2018-122019-12-11990View PDF
...and 9 more Form 990s
Data update history
December 27, 2023
Received grants
Identified 5 new grant, including a grant for $250,000 from Opportunity Finance Network (OFN)
August 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 20, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 18, 2023
Updated personnel
Identified 1 new personnel
June 7, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Business and community development organizationsCharities
Issues
Human servicesCommunity improvementEconomic development
Characteristics
Provides grantsTax deductible donations
General information
Address
1 Thomas Cir NW 700
Washington, DC 20005
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
Website URL
cfenterprises.org/ 
Phone
(202) 745-4490
IRS details
EIN
52-2101165
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1998
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
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