CITY FIRST ENTERPRISES INC

EIN: 522101165 501(c)(3) Human Services

WASHINGTON, DC

Total Revenue
$15,260,987
Total Expenses
$12,090,417
Total Assets
$74,225,691
Net Assets
$30,377,658
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
DC
Principal Officer
OSWALDO ACOSTA
Phone
2027454490
Tax Period
2024-01-01 to 2024-12-31

CITY FIRST ENTERPRISES INC, founded in 1998, is a mid-sized nonprofit in the Human Services sector that reported $15.3M in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $3.2M, a strong 21% operating margin.

Mission

CITY FIRST ENTERPRISES IS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION SPECIALIZING IN FLEXIBLE LENDING FOR AFFORDABLE HOUSING, COMMERCIAL REAL ESTATE, SMALL BUSINESSES, NON-PROFITS, CLEAN ENERGY, AND HOMEOWNERSHIP. WITH A MISSION TO CREATE EQUITABLE FINANCIAL SOLUTIONS TO SUPPORT PEOPLE AND COMMUNITIES IN ACHIEVING THEIR ECONOMIC ASPIRATIONS, WE ENVISION A FUTURE WHERE ALL PEOPLE AND COMMUNITIES TRANSFORM THEIR FUTURES THROUGH EQUITABLE ACCESS TO CAPITAL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $11,716,215
Program Service Revenue $0
Investment Income $3,255,551
Other Revenue $289,221
TOTAL REVENUE $15,260,987

Expense Breakdown

Grants Paid $8,631,152
Salaries & Benefits $2,744,111
Fundraising Expenses $210,250
Program Expenses $11,039,585
Other Expenses $715,154
TOTAL EXPENSES $12,090,417

Year-over-Year Comparison

2024 2023 Change
Revenue $15,260,987 $21,464,449 -0.3%
Expenses $12,090,417 $20,222,093 -0.4%
Net Income $3,170,570 $1,242,356 +1.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Distress Indicator

Liquidity & Cash Position

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

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Governance

Voting Members
11
Independent Members
10
Employees
26
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
4
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
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
OSWALDO ACOSTA PRESIDENT AND CHIEF EXECUTIVE OFFICER 40.00
Highest
$362,606 $0 $362,606
RODRIGO CORDON CHIEF OPERATING OFFICER 40.00
Highest
$191,461 $0 $191,461
JONATHAN REYES CHIEF LENDING OFFICER 40.00
Highest
$168,370 $0 $168,370
STEPHANIE MEYER CHIEF CREDIT OFFICER 40.00
Highest
$148,242 $0 $148,242
SHANNON NYS FORMER DIRECTOR OF FINANCE & ACCOUNTING 40.00
$157,447 $0 $157,447
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 $15,260,987 $12,090,417 $74,225,691 $3,170,570
2023 $21,464,449 $20,222,093 $68,106,525 $1,242,356
2022 $55,549,555 $50,790,211 $60,726,218 $4,759,344
2021 $41,161,285 $40,988,291 $50,642,589 $172,994
2020 $13,255,048 $11,245,182 $33,346,322 $2,009,866
2019 $710,173 $1,096,714 $27,606,697 $-386,541
2018 $1,170,253 $906,259 $24,205,868 $263,994
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