Civic Intelligence

City First Enterprises Inc.

990 • Fiscal year 2017 • EIN 52-2101165

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 04, 2018

Organization ProfileCFENTERPRISES.ORG

View Organization Page

1436 U Street NW No 404Washington, DC 20009

(202) 745-4490

Siviq Scores

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

Liabilities / Assets

34th percentile

0.09x

Higher debt load relative to assets than 34% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

85th percentile

1.61x

Higher debt load relative to revenue than 85% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

20th percentile

-6.0%

Higher net margin than 20% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

44th percentile

$156,000

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 12.6% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

58th percentile

6.9%

Faster asset growth than 58% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

5th percentile

-41%

Faster revenue growth than 5% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets34th percentile

Assets

Up

$21,964,071

Up $1,414,043 (+6.9%) from 2016

Net Assets

Down

$19,976,865

Down $34,362 (-0.2%) from 2016

Liabilities

Up

$1,987,206

Up $1,448,405 (+269%) from 2016

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin20th percentile

Revenue

Down

$1,237,761

Down $873,799 (-41%) from 2016

Expenses

Up

$1,312,082

Up $200,005 (+18%) from 2016

Net Income

Down

-$74,321

Down $1,073,804 (-107%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth58th percentile

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

$80M$60M$40M$20M$0Assets 2010: $16,292,407Liabilities 2010: $5,812,142Net Assets 2010: $10,480,2652010Assets 2011: $12,323,256Liabilities 2011: $1,726,858Net Assets 2011: $10,596,3982011Assets 2012: $13,973,676Liabilities 2012: $122,946Net Assets 2012: $13,850,7302012Assets 2013: $14,773,705Liabilities 2013: $153,940Net Assets 2013: $14,619,7652013Assets 2014: $18,584,365Liabilities 2014: $1,878,293Net Assets 2014: $16,706,0722014Assets 2015: $18,929,764Liabilities 2015: $406,783Net Assets 2015: $18,522,9812015Assets 2016: $20,550,028Liabilities 2016: $538,801Net Assets 2016: $20,011,2272016Assets 2017: $21,964,071Liabilities 2017: $1,987,206Net Assets 2017: $19,976,8652017Assets 2018: $24,205,868Liabilities 2018: $3,686,823Net Assets 2018: $20,519,0452018Assets 2019: $27,606,697Liabilities 2019: $6,712,209Net Assets 2019: $20,894,4882019Assets 2020: $33,346,322Liabilities 2020: $10,130,159Net Assets 2020: $23,216,1632020Assets 2021: $50,642,589Liabilities 2021: $20,553,982Net Assets 2021: $30,088,6072021Assets 2022: $60,726,218Liabilities 2022: $34,487,174Net Assets 2022: $26,239,0442022Assets 2023: $68,106,525Liabilities 2023: $41,017,234Net Assets 2023: $27,089,2912023Assets 2024: $74,225,691Liabilities 2024: $43,848,033Net Assets 2024: $30,377,6582024

Highlighted filing

2017

Assets$21,964,071
Liabilities$1,987,206
Net Assets$19,976,865
Open 2017 Filing

Operations Trend

Revenue Growth5th percentile

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

$60M$40M$20M$0-$20MExpenses 2010: $1,310,8422010Expenses 2011: $6,001,8722011Expenses 2012: $1,125,7052012Revenue 2013: $2,465,838Expenses 2013: $2,188,772Net Income 2013: $277,0662013Revenue 2014: $4,412,341Expenses 2014: $2,686,748Net Income 2014: $1,725,5932014Revenue 2015: $3,187,249Expenses 2015: $1,581,824Net Income 2015: $1,605,4252015Revenue 2016: $2,111,560Expenses 2016: $1,112,077Net Income 2016: $999,4832016Revenue 2017: $1,237,761Expenses 2017: $1,312,082Net Income 2017: -$74,3212017Revenue 2018: $1,170,253Expenses 2018: $906,259Net Income 2018: $263,9942018Revenue 2019: $710,173Expenses 2019: $1,096,714Net Income 2019: -$386,5412019Revenue 2020: $13,255,048Expenses 2020: $11,245,182Net Income 2020: $2,009,8662020Revenue 2021: $41,161,285Expenses 2021: $40,988,291Net Income 2021: $172,9942021Revenue 2022: $55,549,555Expenses 2022: $50,790,211Net Income 2022: $4,759,3442022Revenue 2023: $21,464,449Expenses 2023: $20,222,093Net Income 2023: $1,242,3562023Revenue 2024: $15,260,987Expenses 2024: $12,090,417Net Income 2024: $3,170,5702024

Highlighted filing

2017

Revenue$1,237,761
Expenses$1,312,082
Net Income-$74,321
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 4, 2018
Return Version
2017v2.2
Gross Receipts
$1,237,761
Mission and Program Overview

Mission

To promote equity and opportunity by providing increased access to responsible capital and complementary financial services to underserved communities with a goal of ensuring the long-term well being and resilience of individuals, families and institutions.

To promote equity and opportunity by providing increased access to responsible capital and complementary financial services to underserved communities with a goal of ensuring the long-term well being and resilience of individuals, families and institutions. We offer financing and related services for housing, small businesses, community facilities, non-profits and other market participants that have a positive impact on low and moderate income communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$9,291,632$10,677,797▲ $1,386,165
Investments Other Securities$7,042,748$7,245,936▲ $203,188
Savings and Temporary Cash Investments$4,041,978$3,937,598▼ $104,380
Prepaid Expenses and Deferred Charges$33,322$32,141▼ $1,181
Accounts Receivable$136,791$20,000▼ $116,791
Land, Buildings, and Equipment, Net$3,557$1,683▼ $1,874
Total Assets$20,550,028$21,964,071▲ $1,414,043
Other Assets Total$0$48,916▲ $48,916
Liabilities
Other Liabilities$254,086$963,190▲ $709,104
Mortgage Notes Payable Secured by Investment Property$250,000$900,000▲ $650,000
Accounts Payable and Accrued Expenses$24,608$103,290▲ $78,682
Deferred Revenue$10,107$20,726▲ $10,619
Total Liabilities$538,801$1,987,206▲ $1,448,405
Net Assets / Fund Balance
Unrestricted Net Assets$19,350,286$19,314,669▼ $35,617
Temporarily Rstr Net Assets$660,941$662,196▲ $1,255
Total Net Assets Fund Balance$20,011,227$19,976,865▼ $34,362
Total Liabilities and Net Assets / Fund Balance$20,550,028$21,964,071▲ $1,414,043

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,683$54,078$55,761
Other Securities$7,245,936--
Compensation and Service Providers
Top Officer Pay44th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark KaufmanPresidentFT$150,000$6,000$156,000
Robin HalsbandSenior Vice PresidentFT$127,273-$127,273

Board Members and Trustees

NameTitle
Brian ArgrettChairman
Jaime BordenaveVice-chairman
Aurie HallDirector
David McgradyDirector
Dr Hassan MinorDirector
Ellen LazarDirector
Kimberly LevineDirector
William LongbrakeDirector
Chuck MuckenfussSecretary
Patricia HenriquesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$692,396
Program Service Revenue
$0
Investment Income
$408,745
Other Revenue
$136,620
All Other Contributions
$692,396
Change in Net Assets
$-74,321

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,237,761
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$589,291
Total Revenue per Audited Statements
$1,827,052
Total Revenue per Form 990
$1,237,761
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$632,508
Salaries, Compensation, and Employee Benefits$596,060
Grants and Similar Amounts Paid$83,514
Total Fundraising Expense$68,821
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$420,753$32,092$36,518$489,363
Other Expenses$226,371--$226,371
Occupancy$121,917$30,615$10,264$162,796
Grants to Domestic Orgs$83,514--$83,514
Office Expenses$59,779$13,222$7,441$80,442
Fees for Services Other$76,053-$721$76,774
Other Employee Benefits$60,856$4,560$5,140$70,556
Fees for Services Accounting$38,725$13,881$4,530$57,136
Payroll Taxes$30,941$2,445$2,755$36,141
Fees for Services Legal$14,104--$14,104
Conferences and Meetings$6,454$562$1,139$8,155
Travel$5,562$87$208$5,857
Depreciation Depletion$768-$105$873
Total Functional Expenses$1,145,797$97,464$68,821$1,312,082

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,698,185
Expenses per Audited Statements$1,312,082
Total Expenses per Form 990$1,312,082
Expenses Not Reported on Form 990$386,103
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City First Homes IncWashington, DC501(c)(3)To Support the Program Services of City First Homes, Inc.$226,372
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds Held of Community Land Trust$850,000
Pre-development Funding Commitment$113,190
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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, Part VI, Section A, Line 2

“Business relationship at cfbanc corporation - chuck muckenfuss, kimberly levine, dr. Hassan minor, brian argrett, david mcgrady. Business relationship at city first homes, inc. - brian argrett, jaime bordenave, aurie hall, patricia henriques, ellen lazar, kimberly levine, david mcgrady, dr. Hassan minor, chuck muckenfuss.”

Form 990, Part VI, Section B, Line 11B

“Management reviews return. Audit committee is given a copy of return to review. Audit committee submits comments to management. Management discusses return with tax preparer to incorporate any changes; final draft prepared & discussed with audit committee. The final draft, reflecting any necessary corrections, is provided to the board for review and final approval; then the return is filed by the preparer.”

Form 990, Part VI, Section B, Line 12C

“The organization monitors for conflict of interest issues that are referred to their lawyers as needed.”

Form 990, Part VI, Section B, Line 15

“The board reviews comparable pay data, considers qualifications of the candidate(s) and formalizes its compensation decisions through a formal board of directors vote that is recorded in board minutes.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
City First Enterprises Inc
EIN
52-2101165
Phone
2027454490
Address
1436 U STREET NW NO 404, WASHINGTON, DC 20009

Signing Officer

Name
Mark Kaufman
Title
President
Phone
2027454490
Signed
2018-06-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Kaufman
Formed
1998
Legal Domicile
Dc
Voting Board Members
10
Independent Board Members
9
Employees
7
Volunteers
0

Preparer

Firm
Novogradac & Company Llp
Address
5 GREAT VALLEY PARKWAY SUITE 319, MALVERN, PA 19355
Preparer
Bentley Stanton
Phone
6102324810
Supplemental Narrative

Additional Explanations

Form 990, Pari XII, Line 2C

“City first enterprises, incorporated maintains an audit committee that has the responsibility for oversight of the audit.”

Additional Information

“City first enterprises is a non-profit bank holding company engaged in promoting equity and opportunity in underserved communities. Through the holding company and our city first homes subsidiary we provide capital that is broader and more flexible than bank lending to support housing, small business and community facilities in low and moderate income communities, and we operate programs designed to promote and sustain permanently affordable housing. City first enterprises also owns a minority stake and controlling interest in city first bank, a for-profit community development financial institution chartered by the occ which shares our mission. Working together, the city first family of companies strive to deliver capital and services that can enable disadvantaged individuals, families and businesses across our market area to prosper.”

Financial Statement Notes

PART X, LINE 2:

“The organization is exempt from federal income taxes under internal revenue code section 501(c)(3). The preparation of consolidated financial statements in accordance with accounting principles generally accepted in the united states of america requires the organization to report information regarding its exposure to various tax positions taken by the organization. The organization has determined whether any tax positions have met the recognition threshold and has measured the organization's exposure to those tax positions. Management believes that the organization has adequately addressed all relevant tax positions and that there are no unrecorded tax liabilities. Federal and state tax authorities generally have the right to examine and audit the previous three years of tax returns filed. Any interest or penalties assessed to the organization are recorded in operating expenses. No interest or penalties from federal or state tax authorities were recorded in this return.”

Raw XML AppendixShowing 400 of 569 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt024608
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0103290
IRS990/AccountsReceivableGrp/BOYAmt0136791
IRS990/AccountsReceivableGrp/EOYAmt020000
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROMOTE EQUITY AND OPPORTUNITY BY PROVIDING INCREASED ACCESS TO RESPONSIBLE CAPITAL AND COMPLEMENTARY FINANCIAL SERVICES TO UNDERSERVED COMMUNITIES WITH A GOAL OF ENSURING THE LONG-TERM WELL BEING AND RESILIENCE OF INDIVIDUALS, FAMILIES AND INSTITUTIONS. WE OFFER FINANCING AND RELATED SERVICES FOR HOUSING, SMALL BUSINESSES, COMMUNITY FACILITIES, NON-PROFITS AND OTHER MARKET PARTICIPANTS THAT HAVE A POSITIVE IMPACT ON LOW AND MODERATE INCOME COMMUNITIES.
IRS990/AllOtherContributionsAmt0692396
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MARK KAUFMAN PRESIDENT
IRS990/BooksInCareOfDetail/PhoneNum02027454490
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01436 U STREET NW NO 404
IRS990/BooksInCareOfDetail/USAddress/CityNm0WASHINGTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0DC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd020009
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/FundraisingAmt01139
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0562
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt06454
IRS990/ConferencesMeetingsGrp/TotalAmt08155
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0692396
IRS990/CYGrantsAndSimilarPaidAmt083514
IRS990/CYInvestmentIncomeAmt0408745
IRS990/CYOtherExpensesAmt0632508
IRS990/CYOtherRevenueAmt0136620
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-74321
IRS990/CYSalariesCompEmpBnftPaidAmt0596060
IRS990/CYTotalExpensesAmt01312082
IRS990/CYTotalFundraisingExpenseAmt068821
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01237761
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt010107
IRS990/DeferredRevenueGrp/EOYAmt020726
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/FundraisingAmt0105
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0768
IRS990/DepreciationDepletionGrp/TotalAmt0873
IRS990/Desc0MANAGED PORTFOLIO OF DEPLOYED FUNDS IN SUBORDINATED LOANS TO NONPROFITS, SMALL BUSINESSES, 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.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt07
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01145797
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/FundraisingAmt04530
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt013881
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt038725
IRS990/FeesForServicesAccountingGrp/TotalAmt057136
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt014104
IRS990/FeesForServicesLegalGrp/TotalAmt014104
IRS990/FeesForServicesOtherGrp/FundraisingAmt0721
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt076053
IRS990/FeesForServicesOtherGrp/TotalAmt076774
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1140.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt116000
IRS990/Form990PartVIISectionAGrp/PersonNm0AURIE HALL
IRS990/Form990PartVIISectionAGrp/PersonNm1KIMBERLY LEVINE
IRS990/Form990PartVIISectionAGrp/PersonNm2DR HASSAN MINOR
IRS990/Form990PartVIISectionAGrp/PersonNm3ELLEN LAZAR
IRS990/Form990PartVIISectionAGrp/PersonNm4DAVID MCGRADY
IRS990/Form990PartVIISectionAGrp/PersonNm5WILLIAM LONGBRAKE
IRS990/Form990PartVIISectionAGrp/PersonNm6BRIAN ARGRETT
IRS990/Form990PartVIISectionAGrp/PersonNm7JAIME BORDENAVE
IRS990/Form990PartVIISectionAGrp/PersonNm8PATRICIA HENRIQUES
IRS990/Form990PartVIISectionAGrp/PersonNm9CHUCK MUCKENFUSS
IRS990/Form990PartVIISectionAGrp/PersonNm10ROBIN HALSBAND
IRS990/Form990PartVIISectionAGrp/PersonNm11MARK KAUFMAN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10127273
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11150000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE-CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt10SENIOR VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01998
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantAmt0692396
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt083514
IRS990/GrantsToDomesticOrgsGrp/TotalAmt083514
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01237761
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0408745
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0408745
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt07042748
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt07245936
IRS990/IRPDocumentCnt010
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt054078
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03557
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01683
IRS990/LandBldgEquipCostOrOtherBssAmt055761
IRS990/LegalDomicileStateCd0DC
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROMOTE EQUITY AND OPPORTUNITY BY PROVIDING INCREASED ACCESS TO RESPONSIBLE CAPITAL AND COMPLEMENTARY FINANCIAL SERVICES TO UNDERSERVED COMMUNITIES WITH A GOAL OF ENSURING THE LONG-TERM WELL BEING AND RESILIENCE OF INDIVIDUALS, FAMILIES AND INSTITUTIONS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0250000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0900000
IRS990/NetAssetsOrFundBalancesBOYAmt020011227
IRS990/NetAssetsOrFundBalancesEOYAmt019976865
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0203188
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt010264
IRS990/OccupancyGrp/ManagementAndGeneralAmt030615
IRS990/OccupancyGrp/ProgramServicesAmt0121917
IRS990/OccupancyGrp/TotalAmt0162796
IRS990/OfficeExpensesGrp/FundraisingAmt07441
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt013222
IRS990/OfficeExpensesGrp/ProgramServicesAmt059779
IRS990/OfficeExpensesGrp/TotalAmt080442
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt048916
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt05140
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04560
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt060856
IRS990/OtherEmployeeBenefitsGrp/TotalAmt070556
IRS990/OtherExpensesGrp/Desc0LOAN RELATED EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt0226371
IRS990/OtherExpensesGrp/TotalAmt0226371
IRS990/OtherLiabilitiesGrp/BOYAmt0254086
IRS990/OtherLiabilitiesGrp/EOYAmt0963190
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt0136620
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0136620
IRS990/OtherRevenueTotalAmt0136620
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt036518
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt032092
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0420753
IRS990/OtherSalariesAndWagesGrp/TotalAmt0489363
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt09291632
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt010677797
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02755
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02445
IRS990/PayrollTaxesGrp/ProgramServicesAmt030941
IRS990/PayrollTaxesGrp/TotalAmt036141
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt033322
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt032141
IRS990/PrincipalOfficerNm0MARK KAUFMAN
IRS990/PriorPeriodAdjustmentsAmt0-163228
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01731492
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt057413
IRS990/PYInvestmentIncomeAmt0253878
IRS990/PYOtherExpensesAmt0554557
IRS990/PYOtherRevenueAmt0126190
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0999483
IRS990/PYSalariesCompEmpBnftPaidAmt0500107
IRS990/PYTotalExpensesAmt01112077
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02111560
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-74321
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04041978
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03937598
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0692396
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01731492
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt03010164
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt04201818
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01524596
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt011160466
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0408745
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0253878
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0100949
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt028215
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt051182
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0842969
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.92980
IRS990ScheduleA/PublicSupportPY170Pct00.96820
IRS990ScheduleA/PublicSupportTotal170Amt011160466
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0692396
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01731492
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt03010164
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt04201818
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01524596
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt011160466
IRS990ScheduleA/TotalSupportAmt012003435
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0386103
IRS990ScheduleD/DonatedServicesUseFcltsAmt0386103
IRS990ScheduleD/ExpensesNotReportedAmt0386103
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01312082
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0203188
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01683
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt054078
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt055761
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0850000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1113190
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FUNDS HELD OF COMMUNITY LAND TRUST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PRE-DEVELOPMENT FUNDING COMMITMENT
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt07245936
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENT IN CFBANC CORPORATION - 23.77% OWNERSHIP
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/RevenueNotReportedAmt0589291
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01237761
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). THE PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE ORGANIZATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE ORGANIZATION. THE ORGANIZATION HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAS MEASURED THE ORGANIZATION'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. ANY INTEREST OR PENALTIES ASSESSED TO THE ORGANIZATION ARE RECORDED IN OPERATING EXPENSES. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THIS RETURN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01683
IRS990ScheduleD/TotalBookValueSecuritiesAmt07245936
IRS990ScheduleD/TotalExpensesPerForm990Amt01312082
IRS990ScheduleD/TotalLiabilityAmt0963190
IRS990ScheduleD/TotalRevenuePerForm990Amt01237761
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01827052
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01698185
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0226372
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPORT THE PROGRAM SERVICES OF CITY FIRST HOMES, INC.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1INVESTIGATE/PROMOTE SHARED OFFICE SPACE/INFRASTRUCTURE FOR NON-GOVERNMENTAL ORGS.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CITY FIRST HOMES INC
IRS990ScheduleI/RecipientTable/RecipientEIN0262335395
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01436 U STREET NW
IRS990ScheduleI/RecipientTable/USAddress/CityNm0WASHINGTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0DC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd020009
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0CASH
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0CITY FIRST ENTERPRISES, INCORPORATED IS THE SOLE MEMBER OF CITY FIRST HOMES, INC. FOR WHICH IT MAKES CERTAIN FINANCIAL COMMITMENTS AS ITS SOLE MEMBER. THE FOLLOWING METHODOLOGY, MONITORED ON AN ON-GOING BASIS, IS USED FOR ALLOCATING COSTS AND EXPENSES: 1) COST AND EXPENSES ARE ALLOCATED BASED ON EMPLOYEE HOURS. 2) THE EMPLOYEES HOURS ARE TRACKED ON MONTHLY TIMESHEETS. 3) AT THE END OF A PERIOD THE TOTAL HOURS FOR THE EMPLOYEE ARE ACCUMULATED TO DETERMINE THE RATIO APPLIED TO THE EMPLOYEES SALARY AS WELL AS OTHER OPERATING EXPENSES. 4) THE DENOMINATOR IS TOTAL EMPLOYEE HOURS. 5) THE NUMERATOR IS THE HOURS FOR THAT ACTIVITY (I.E., PROGRAM HOURS/TOTAL EE HOURS). THE ACTIVITIES ARE AS FOLLOWS: 1) PROGRAM COSTS WHICH ARE DIRECT COSTS ATTRIBUTABLE TO A PROGRAM. 2) GENERAL AND ADMINISTRATIVE EXPENSES INCLUDE OFFICE TASKS, VACATION, ETC. 3) FUNDRAISING EXPENSES INCLUDE PROPOSAL WRITING, CONTACT WITH POTENTIAL FUNDERS, ETC.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0150000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt06000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MARK KAUFMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0156000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BUSINESS RELATIONSHIP AT CFBANC CORPORATION - CHUCK MUCKENFUSS, KIMBERLY LEVINE, DR. HASSAN MINOR, BRIAN ARGRETT, DAVID MCGRADY. BUSINESS RELATIONSHIP AT CITY FIRST HOMES, INC. - BRIAN ARGRETT, JAIME BORDENAVE, AURIE HALL, PATRICIA HENRIQUES, ELLEN LAZAR, KIMBERLY LEVINE, DAVID MCGRADY, DR. HASSAN MINOR, CHUCK MUCKENFUSS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT REVIEWS RETURN. AUDIT COMMITTEE IS GIVEN A COPY OF RETURN TO REVIEW. AUDIT COMMITTEE SUBMITS COMMENTS TO MANAGEMENT. MANAGEMENT DISCUSSES RETURN WITH TAX PREPARER TO INCORPORATE ANY CHANGES; FINAL DRAFT PREPARED & DISCUSSED WITH AUDIT COMMITTEE. THE FINAL DRAFT, REFLECTING ANY NECESSARY CORRECTIONS, IS PROVIDED TO THE BOARD FOR REVIEW AND FINAL APPROVAL; THEN THE RETURN IS FILED BY THE PREPARER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MONITORS FOR CONFLICT OF INTEREST ISSUES THAT ARE REFERRED TO THEIR LAWYERS AS NEEDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD REVIEWS COMPARABLE PAY DATA, CONSIDERS QUALIFICATIONS OF THE CANDIDATE(S) AND FORMALIZES ITS COMPENSATION DECISIONS THROUGH A FORMAL BOARD OF DIRECTORS VOTE THAT IS RECORDED IN BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CITY FIRST ENTERPRISES, INCORPORATED MAINTAINS AN AUDIT COMMITTEE THAT HAS THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CITY FIRST ENTERPRISES IS A NON-PROFIT BANK HOLDING COMPANY ENGAGED IN PROMOTING EQUITY AND OPPORTUNITY IN UNDERSERVED COMMUNITIES. THROUGH THE HOLDING COMPANY AND OUR CITY FIRST HOMES SUBSIDIARY WE PROVIDE CAPITAL THAT IS BROADER AND MORE FLEXIBLE THAN BANK LENDING TO SUPPORT HOUSING, SMALL BUSINESS AND COMMUNITY FACILITIES IN LOW AND MODERATE INCOME COMMUNITIES, AND WE OPERATE PROGRAMS DESIGNED TO PROMOTE AND SUSTAIN PERMANENTLY AFFORDABLE HOUSING. CITY FIRST ENTERPRISES ALSO OWNS A MINORITY STAKE AND CONTROLLING INTEREST IN CITY FIRST BANK, A FOR-PROFIT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION CHARTERED BY THE OCC WHICH SHARES OUR MISSION. WORKING TOGETHER, THE CITY FIRST FAMILY OF COMPANIES STRIVE TO DELIVER CAPITAL AND SERVICES THAT CAN ENABLE DISADVANTAGED INDIVIDUALS, FAMILIES AND BUSINESSES ACROSS OUR MARKET AREA TO PROSPER.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,964,071
Liabilities
$1,987,206
Net assets
$19,976,865
Revenue
$1,237,761
Expenses
$1,312,082
Net income
-$74,321
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$74.2$43.8$30.4$15.3$12.1$3.17
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$68.1$41.0$27.1$21.5$20.2$1.24
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$60.7$34.5$26.2$55.5$50.8$4.76
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$50.6$20.6$30.1$41.2$41.0$0.17
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.3$10.1$23.2$13.3$11.2$2.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.6$6.71$20.9$0.71$1.10$0.39
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.2$3.69$20.5$1.17$0.91$0.26
2017Detailed filing. Detailed filing data is available for this year.$22.0$1.99$20.0$1.24$1.31$0.07
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.6$0.54$20.0$2.11$1.11$1.00
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.9$0.41$18.5$3.19$1.58$1.61
2014Detailed filing. Detailed filing data is available for this year.$18.6$1.88$16.7$4.41$2.69$1.73
2013Detailed filing. Detailed filing data is available for this year.$14.8$0.15$14.6$2.47$2.19$0.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.0$0.12$13.9$1.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.3$1.73$10.6$6.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.3$5.81$10.5$1.31