CITY FIRST HOMES INC (EIN 262335395) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

OSWALDO ACOSTA

Phone

2027454490

Tax Period

2024-01-01 to 2024-12-31

CITY FIRST HOMES INC, founded in 2007, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 2121% from the prior year, signaling strong growth momentum. The organization ran a surplus of $848K, a strong 52% operating margin.

Mission

CITY FIRST HOMES (DBA HOMES BY CFE) INCREASES HOMEOWNERSHIP FOR LOW- TO MODERATE-INCOME HOUSEHOLDS, STRENGTHENING DISINVESTED COMMUNITIES AND HELPING TO BUILD GENERATIONAL WEALTH AND OPPORTUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,360,048

Program Service Revenue $0

Investment Income $171,863

Other Revenue $89,038

TOTAL REVENUE $1,620,949

Expense Breakdown

Grants Paid $75,781

Salaries & Benefits $509,261

Fundraising Expenses $68,629

Program Expenses $554,791

Other Expenses $187,979

TOTAL EXPENSES $773,021

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,620,949	$72,969	+21.2%
Expenses	$773,021	$335,336	+1.3%
Net Income	$847,928	$-262,367	-4.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$362,606

Total Directors

$362,606

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OSWALDO ACOSTA	PRESIDENT AND CHIEF EXECUTIVE OFFICER	40.00	Officer Director	$0	$0	$362,606
DR WILLIAM LONGBRAKE	DIRECTOR	1.00	Director	$0	$0	$0
CHUCK MUCKENFUSS	DIRECTOR	1.00	Director	$0	$0	$0
PRIYA JAYACHANDRAN	DIRECTOR	1.00	Director	$0	$0	$0
LORI CHATMAN	DIRECTOR	1.00	Director	$0	$0	$0
AMBER KUCHER BELL	DIRECTOR	1.00	Director	$0	$0	$0
ESTRELLA LUCERO	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN ARGRETT	CHAIRMAN OF THE BOARD	1.00	Officer	$0	$0	$0
DAVID MCGRADY	VICE-CHAIRMAN OF THE BOARD	1.00	Officer	$0	$0	$0
SHANNON SCOTT	TREASURER	1.00	Officer	$0	$0	$0
MARY ANN DONOVAN	SECRETARY	1.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$1,620,949	$773,021	$6,723,367	$847,928
2023	$72,969	$335,336	$7,035,465	$-262,367
2022	$589,290	$304,305	$4,426,453	$284,985
2021	$3,816,749	$282,353	$4,619,468	$3,534,396
2020	$1,174,800	$1,312,069	$5,293,292	$-137,269
2019	$535,235	$937,517	$4,549,542	$-402,282
2018	$767,803	$691,353	$4,722,779	$76,450

CITY FIRST HOMES INC