Communities First Inc

EIN: 273600343 501(c)(3) Housing & Shelter

Flint, MI

Total Revenue
$10,654,010
Total Expenses
$7,122,189
Total Assets
$52,839,891
Net Assets
$49,631,910
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
MI
Principal Officer
Jason Paulateer
Tax Period
2023-01-01 to 2023-12-31

Communities First Inc, founded in 2010, is a mid-sized nonprofit in the Housing & Shelter sector that reported $10.7M in total revenue in fiscal year 2023. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.5M, a strong 33% operating margin.

Mission

The mission of Communities First, Inc. is to build healthy, vibrant communities through economic development, affordable housing and innovative programming.

Program Service Accomplishments

Program 1
Expenses: $6,649,022

Housing-The need for quality affordable housing grew substantially in 2020. In November 2020, CFI completed construction of Berkley Place Apartments in Flint. This 33-unit development provides much...

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Housing-The need for quality affordable housing grew substantially in 2020. In November 2020, CFI completed construction of Berkley Place Apartments in Flint. This 33-unit development provides much needed housing for those experiencing homelessness, those with disabilities and those who are low to moderate income. At Coolidge Park Apartments, we welcomed Genesee Intermediate School District in opening an onsite early childhood classroom. CFI also purchased permanent supportive housing units in Detroit and affordable housing units in Flint to prevent the displacement of families.Financial Education Workshops-A robust financial education curriculum was plannes for 2020 and CFI successfully pivoted to an online platform to provide this important information. CFI conducted more than 20 sessions which were viewed more than 30,000 times.CFI had 206 volunteers who worked a total of 2,506 hours during 2020 Racial and Social Justice-Events taking place in 2020 led to social unrest and CFI reached 32,240 people with an important, timely and resperctful dialogue. The conversation was appreciated by all who viewed in and follow up resources were offered for books, movies and papers to further the conversation.MAD Flint and Detroit-CFI created a new youth program in 2019, called MAD (Make a Difference) that ran in both Flint and Detroit in 2020. The program teaches students how to address community needs and explore new career fields. In the process, students develop soft skills and enhanced knowledge of their communities.Movies Under the Stars-The outdoor movie series as held in a safe manner as a drive-in version with fun, food, and activities that hundreds enjoyed. African American Film Series-The film series successfully moved to an online format which presented interesting opportunities for the movie panel discussions. No longer restricted to individuals who could make it to the venue in Flint, the films reached people all over the country and we engaged panelists from other cities and sites to participate in robust and challenging discussions.Economic Development-In 2019, CFI directly assisted more than 25 small business nonprofits and aspiring community developers through technical assistance supports and referrals. These conversations were extremely timely amidst the pandemic and offered opportunities to sustain or grow business specific virtual sessions providing needed information to thousands. Civic Engagement-Communities First, Inc. is a champion empowering people who have historically felt that they did not have a voice. To this end, CFI worked with those experiencing homelessness to ensure that they understood their voting rights and had the opportunity to participate in the voting process. The organization was a Census champion, sharing information about the Census and encouraging people to fill out their Census.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,808,979
Program Service Revenue $5,311,652
Investment Income $3,712
Other Revenue $529,667
TOTAL REVENUE $10,654,010

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,711,464
Fundraising Expenses $22,667
Program Expenses $6,649,022
Other Expenses $5,410,725
TOTAL EXPENSES $7,122,189

Year-over-Year Comparison

2023 2022 Change
Revenue $10,654,010 $6,911,556 +0.5%
Expenses $7,122,189 $4,122,037 +0.7%
Net Income $3,531,821 $2,789,519 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
6
Employees
38
Volunteers
250

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
3
$0
Total Directors
3
$0
Key Employees
1
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Carma Lewis Director 1.00
Director
$0 $0 $0
Tiffany Hughes Director 1.00
Director
$0 $0 $0
Kathryn Moeller Director 1.00
Director
$0 $0 $0
Sandra Kelly SecretaryTreasurer 2.00
Officer
$0 $0 $0
Jason Paulateer Chair 2.00
Officer
$0 $0 $0
Evelyn Nartelski Vice Chair 2.00
Officer
$0 $0 $0
Glenn Wilson PresidentCEO 40.00
Key Emp Highest
$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 No data No data No data No data
2023 $10,654,010 $7,122,189 $52,839,891 $3,531,821
2022 $6,911,556 $4,122,037 $47,551,038 $2,789,519
2022 $6,736,556 $4,122,037 $47,376,038 $2,614,519
2022 $6,911,556 $4,122,037 $47,566,653 $2,789,519
2021 $3,190,948 $2,241,080 $33,129,394 $949,868
2020 $4,116,772 $1,696,243 $25,764,319 $2,420,529
2019 $3,076,269 $1,108,405 $6,079,766 $1,967,864
2018 $1,601,018 $1,552,647 $4,157,431 $48,371
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