Civic Intelligence

Community First Fund

990 • Fiscal year 2019 • EIN 23-2689714

Jul 01, 2018 to Jun 30, 2019 • Filed on May 19, 2020

Organization ProfileWWW.COMMUNITYFIRSTFUND.ORG

View Organization Page

PO Box 524Lancaster, PA 17608-0524

(717) 393-2351

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

84th percentile

0.76x

Higher debt load relative to assets than 84% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Liabilities / Revenue

94th percentile

5.71x

Higher debt load relative to revenue than 94% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Net Margin

82nd percentile

26%

Higher net margin than 82% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Top Officer Pay

32nd percentile

$255,017

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Asset Growth

68th percentile

10%

Faster asset growth than 68% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Revenue Growth

86th percentile

28%

Faster revenue growth than 86% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$65,690,024

Up $6,148,282 (+10%) from 2018

Net Assets

Up

$15,943,814

Up $2,588,902 (+19%) from 2018

Liabilities

Up

$49,746,210

Up $3,559,380 (+7.7%) from 2018

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin82nd percentile

Revenue

Up

$8,713,110

Up $1,916,731 (+28%) from 2018

Expenses

Down

$6,413,387

Down $226,109 (-3.4%) from 2018

Net Income

Up

$2,299,723

Up $2,142,840 (+1366%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth68th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2011: $18,107,115Liabilities 2011: $14,698,954Net Assets 2011: $3,408,1612011Assets 2012: $21,385,276Liabilities 2012: $18,186,828Net Assets 2012: $3,198,4482012Assets 2013: $23,826,849Liabilities 2013: $20,574,616Net Assets 2013: $3,252,2332013Assets 2014: $27,634,380Liabilities 2014: $24,518,174Net Assets 2014: $3,116,2062014Assets 2015: $30,607,212Liabilities 2015: $26,428,773Net Assets 2015: $4,178,4392015Assets 2016: $37,093,825Liabilities 2016: $31,609,483Net Assets 2016: $5,484,3422016Assets 2017: $40,421,134Liabilities 2017: $34,391,671Net Assets 2017: $6,029,4632017Assets 2018: $59,541,742Liabilities 2018: $46,186,830Net Assets 2018: $13,354,9122018Assets 2019: $65,690,024Liabilities 2019: $49,746,210Net Assets 2019: $15,943,8142019Assets 2020: $80,851,659Liabilities 2020: $62,575,507Net Assets 2020: $18,276,1522020Assets 2021: $129,035,730Liabilities 2021: $80,678,124Net Assets 2021: $48,357,6062021Assets 2022: $141,866,844Liabilities 2022: $84,012,640Net Assets 2022: $57,854,2042022Assets 2023: $124,298,152Liabilities 2023: $83,493,413Net Assets 2023: $40,804,7392023Assets 2024: $146,347,142Liabilities 2024: $91,022,592Net Assets 2024: $55,324,5502024

Highlighted filing

2019

Assets$65,690,024
Liabilities$49,746,210
Net Assets$15,943,814
Open 2019 Filing

Operations Trend

Revenue Growth86th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0Expenses 2011: $2,947,7642011Expenses 2012: $2,650,1862012Expenses 2013: $2,680,1802013Revenue 2014: $4,008,443Expenses 2014: $3,605,757Net Income 2014: $402,6862014Revenue 2015: $5,104,837Expenses 2015: $3,530,177Net Income 2015: $1,574,6602015Revenue 2016: $6,101,679Expenses 2016: $4,101,621Net Income 2016: $2,000,0582016Revenue 2017: $5,924,468Expenses 2017: $4,731,114Net Income 2017: $1,193,3542017Revenue 2018: $6,796,379Expenses 2018: $6,639,496Net Income 2018: $156,8832018Revenue 2019: $8,713,110Expenses 2019: $6,413,387Net Income 2019: $2,299,7232019Revenue 2020: $12,560,846Expenses 2020: $10,773,357Net Income 2020: $1,787,4892020Revenue 2021: $44,963,943Expenses 2021: $34,774,915Net Income 2021: $10,189,0282021Revenue 2022: $17,453,841Expenses 2022: $8,134,382Net Income 2022: $9,319,4592022Revenue 2023: $17,328,667Expenses 2023: $13,047,440Net Income 2023: $4,281,2272023Revenue 2024: $22,595,432Expenses 2024: $14,738,819Net Income 2024: $7,856,6132024

Highlighted filing

2019

Revenue$8,713,110
Expenses$6,413,387
Net Income$2,299,723
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 19, 2020
Return Version
2018v3.2
Gross Receipts
$8,713,110
Mission and Program Overview

Mission

To promote community and work-based economic development. The organization provides loans for community projects and technical assistance to housing & economic development projects that have a direct and measurable benefit to low income persons and contribute to social progress and economic development in the south central pennsylvania region.

To provide loans and technical assistance to housing & economic development projects that have a direct and measurable benefit for low income persons and contribute to social progress and economic development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$41,778,494$52,535,668▲ $10,757,174
Savings and Temporary Cash Investments$3,335,760$6,536,766▲ $3,201,006
Loans From Officers Directors$3,450,000$3,450,000→ $0
Land, Buildings, and Equipment, Net$2,018,451$2,013,409▼ $5,042
Cash and Non-Interest-Bearing Accounts$8,536,802$1,974,571▼ $6,562,231
Pledges and Grants Receivable$332,962$1,066,982▲ $734,020
Investments in Publicly Traded Securities$3,002,117$1,046,693▼ $1,955,424
Prepaid Expenses and Deferred Charges$47,423$53,798▲ $6,375
Accounts Receivable$89,733$42,500▼ $47,233
Total Assets$59,541,742$65,690,024▲ $6,148,282
Other Assets Total$400,000$419,637▲ $19,637
Liabilities
Mortgage Notes Payable Secured by Investment Property$26,864,537$29,719,068▲ $2,854,531
Other Liabilities$13,007,500$12,895,500▼ $112,000
Deferred Revenue$2,205,535$2,826,089▲ $620,554
Accounts Payable and Accrued Expenses$659,258$855,553▲ $196,295
Total Liabilities$46,186,830$49,746,210▲ $3,559,380
Net Assets / Fund Balance
Unrestricted Net Assets$13,061,146$15,660,668▲ $2,599,522
Permanently Rstr Net Assets$293,766$283,146▼ $10,620
Total Net Assets Fund Balance$13,354,912$15,943,814▲ $2,588,902
Total Liabilities and Net Assets / Fund Balance$59,541,742$65,690,024▲ $6,148,282

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,165,017$69,983$1,235,000
Leasehold Improvements$589,936$61,975$651,911
Equipment$258,456$92,961$351,417
Compensation and Service Providers
Top Officer Pay32nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Daniel BetancourtPresident &FT$225,132$29,885$255,017
Daniel BetancourtPresident & CEO-$225,132$29,885$255,017
Joan BrodheadExec VP & CoFT$143,324$42,093$185,417
Joan BrodheadExec VP & COO-$143,324$42,093$185,417
James BuergerSenior VPFT$141,127$43,920$185,047
Ramon EstevezVP Loan AdimFT$106,741$27,920$134,661
Keith BookertVP Finance &FT$109,856$22,722$132,578
Lloyd ShieldsCFOFT$32,646-$32,646

Board Members and Trustees

NameTitle
David a SchankweilerChairman
Carlos LopezVice Chair
Charlie SantiagoBoard Member
Dana HanchinBoard Member
Gerald W MeckBoard Member
Gregory EdwardsBoard Member
Jonathan EncarnacionBoard Member
Natalia Dominguez BuckleyBoard Member
R Eric MenzerBoard Member
Samuel T Cooper IiiBoard Member
Michael CarperChief Credit
Marilyn HedgeSecretary
Jonathan BowserTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,043,044
Program Service Revenue
$4,670,066
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,728,031
Change in Net Assets
$2,299,723
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,392,031
Other Expenses$2,990,352
Total Fundraising Expense$456,527
Grants and Similar Amounts Paid$31,004
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,311,657$102,761$198,128$2,612,546
Interest$1,050,913$10,922-$1,061,835
Other Employee Benefits$529,384$25,755$45,129$600,268
Fees for Services Other$227,934$137,907$10,434$376,275
Payroll Taxes$158,054$7,689$13,474$179,217
Office Expenses$152,858$8,953$15,252$177,063
Travel$138,679$6,747$11,822$157,248
Advertising$77,618$31,548$47,323$156,489
Occupancy$135,098$6,573$11,516$153,187
Depreciation Depletion$79,781$3,881$6,801$90,463
Fees for Services Legal$54,972$29,147$2,205$86,324
Conferences and Meetings$39,865$15,946$23,919$79,730
Other Expenses$38,138$1,856$3,251$43,245
Fees for Services Accounting$23,800$12,619$955$37,374
Grants to Domestic Orgs$31,004--$31,004
Insurance$27,081$1,317$2,309$30,707
All Other Expenses$24,125$298$522$24,945
Total Functional Expenses$5,511,169$445,691$456,527$6,413,387
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Saca DevelopmentLancaster, PA501c3-$31,004
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$3,450,000$3,450,000→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Equity Equivalent Investments$12,895,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The form 990 is reviewed by the audit committee of the board of directors prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“The policy is monitored and enforced through the annual conflict of interest disclosure process.”

Form 990, Page 6, Part VI, Line 15A

“Ceo compensation is reviewed during the budget process and approved by the board of directors.”

Form 990, Page 6, Part VI, Line 15B

“Compensation for officers and key employees is reviewed during the budget process and approved by the board of directors.”

Form 990, Page 6, Part VI, Line 19

“The organization makes its governing documents, conflict of interest policy, financial statements and form 990 available to the public upon request at the organization's headquarters.”

Filing and Contact Details

Filer

Filer Name
Community First Fund
EIN
23-2689714
Phone
7173932351
Address
PO BOX 524, LANCASTER, PA 17608-0524

Signing Officer

Name
Daniel Betancourt
Title
President & CEO
Phone
7173932351
Signed
2020-05-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Betancourt
Formed
1992
Legal Domicile
Pa
Voting Board Members
13
Independent Board Members
13
Employees
40
Volunteers
21

Preparer

Firm
Bertz Hess & Co Llp
Address
36 EAST KING ST, LANCASTER, PA 17602
Preparer
Thomas a Wobber CPA
Phone
7173930767
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To promote community and work-based economic development. The organization provides loans for community projects and technical assistance to housing & economic development projects that have a direct and measurable benefit to low income persons and contribute to social progress and economic development in the south central pennsylvania region.”

Form 990, Part XI, Line 9

“Transfer from subsidiary 289,179”

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization has evaluated the tax filings for the open tax years for uncertain tax positions. The tax years subject to examination by the internal revenue service are 2015, 2016, 2017, and 2018. The tax years subject to examination by the state jurisdiction are unlimited.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13EXEC VP & CO
IRS990/Form990PartVIISectionAGrp/TitleTxt14SENIOR VP
IRS990/Form990PartVIISectionAGrp/TitleTxt15VP FINANCE &
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP LOAN ADIM
IRS990/Form990PartVIISectionAGrp/TitleTxt17CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt18CHIEF CREDIT
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IRS990/OfficeExpensesGrp/FundraisingAmt015252
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IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
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IRS990/OtherExpensesGrp/FundraisingAmt15752
IRS990/OtherExpensesGrp/FundraisingAmt23251
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt038490
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IRS990/OtherExpensesGrp/TotalAmt1192450
IRS990/OtherExpensesGrp/TotalAmt276505
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Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$65,690,024
Liabilities
$49,746,210
Net assets
$15,943,814
Revenue
$8,713,110
Expenses
$6,413,387
Net income
$2,299,723
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$146$91.0$55.3$22.6$14.7$7.86
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$124$83.5$40.8$17.3$13.0$4.28
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$142$84.0$57.9$17.5$8.13$9.32
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$129$80.7$48.4$45.0$34.8$10.2
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$80.9$62.6$18.3$12.6$10.8$1.79
2019Detailed filing. Detailed filing data is available for this year.$65.7$49.7$15.9$8.71$6.41$2.30
2018Summary only. Only limited summary data is available for this year.$59.5$46.2$13.4$6.80$6.64$0.16
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.4$34.4$6.03$5.92$4.73$1.19
2016Detailed filing. Detailed filing data is available for this year.$37.1$31.6$5.48$6.10$4.10$2.00
2015Detailed filing. Detailed filing data is available for this year.$30.6$26.4$4.18$5.10$3.53$1.57
2014Detailed filing. Detailed filing data is available for this year.$27.6$24.5$3.12$4.01$3.61$0.40
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.8$20.6$3.25$2.68
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.4$18.2$3.20$2.65
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.1$14.7$3.41$2.95