CITY FIRST ENTERPRISES INC

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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

1998

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $11,039,585

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.

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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 $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 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

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

Total Directors

Key Employees

Highest Compensated

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
2025	No data	No data	No data	No data
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