2026-06-26T15:34:32-05:00 2025-12-31 943108253 NOVOGRADAC & COMPANY LLP 5 GREAT VALLEY PARKWAY SUITE 319 MALVERN PA 19355 990 2025-01-01 522101165 CITY FIRST ENTERPRISES INC CITY 2027454490 1701 RHODE ISLAND AVE NW 3-103 WASHINGTON DC 20036 OSWALDO ACOSTA PRESIDENT & CEO 2027454490 2026-06-26 1 DAYLE R DALLING P01695822 6102324810 2025 2025-03-06 01:10:19Z OSWALDO ACOSTA 1701 RHODE ISLAND AVE NW STE 3-103 WASHINGTON DC 20036 9698626 0 X CFENTERPRISES.ORG X 1998 DC 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. 11 10 22 0 0 0 11716215 4863768 0 0 3255551 4519400 289221 315458 15260987 9698626 8631152 768750 0 0 2744111 3042356 0 0 211519 715154 5168627 12090417 8979733 3170570 718893 74225691 86322884 43848033 54752318 30377658 31570566 X 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. 0 0 8244945 768750 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. 8244945 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 28 0 1 22 1 0 0 0 0 0 0 0 0 0 0 X 11 10 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 DC X OSWALDO ACOSTA PRESIDENT AND CEO 2027454490 1701 RHODE ISLAND AVE NW STE 3-103 WASHINGTON DC 20036 DAVID MCGRADY DIRECTOR 1.00 0.00 X 0 0 0 DR WILLIAM LONGBRAKE DIRECTOR 1.00 0.00 X 0 0 0 PRIYA JAYACHANDRAN DIRECTOR 1.00 0.00 X 0 0 0 LORI CHATMAN DIRECTOR 1.00 0.00 X 0 0 0 AMBER BELL DIRECTOR 1.00 0.00 X 0 0 0 ESTRELLA LUCERO DIRECTOR 1.00 0.00 X 0 0 0 MUNEVVER YOLAS DIRECTOR 1.00 0.00 X 0 0 0 BRIAN ARGRETT CHAIR OF THE BOARD 1.00 0.00 X 0 0 0 SHANNON SCOTT VICE-CHAIR OF THE BOARD & TREASURER 1.00 0.00 X 0 0 0 MARY ANN DONOVAN SECRETARY 1.00 0.00 X 0 0 0 OSWALDO ACOSTA PRESIDENT AND CEO 36.00 4.00 X 418558 0 0 RODRIGO CORDON CHIEF OPERATING OFFICER 40.00 0.00 X 234382 0 0 JONATHAN REYES CHIEF LENDING OFFICER 40.00 0.00 X 213415 0 0 STEPHANIE MEYER CHIEF CREDIT OFFICER 40.00 0.00 X 159076 0 0 ARISA KOYAMA DIRECTOR OF IMPACT 40.00 0.00 X 152585 0 0 1178016 0 0 5 0 1 0 0 4863768 4863768 4519400 4519400 OTHER REVENUE 900099 315458 315458 315458 9698626 0 0 4834858 768750 768750 2585178 2154694 281680 148804 256803 218025 17887 20891 200375 166510 21724 12141 7518 5275 2243 132393 78741 53652 109030 79251 23779 6000 276362 192869 72103 11390 149716 107711 29802 12203 21889 13987 7902 1573289 1573289 27417 27417 PROVISION FOR CREDIT LO 2844849 2844849 0 0 STAFF TRAINING 14370 13577 703 90 11794 11794 8979733 8244945 523269 211519 14625175 21230995 117152 2940 52981676 57704510 176115 357238 82252 57119 52550 25133 5903631 6377646 24087 345305 624422 74225691 86322884 555604 595292 7211579 4470365 21659 27228 35355000 49355000 704191 304433 43848033 54752318 X 30238794 31461197 138864 109369 30377658 31570566 74225691 86322884 718893 474015 0 X X 0 1 X 1 1 1 X 39826094 53554233 18832191 11716215 4863768 128792501 39826094 53554233 18832191 11716215 4863768 128792501 128792501 970713 17390 2307418 3255551 4519400 11070472 139862973 0.92080 0.94940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 82252 57119 25133 25133 PRE-DEVELOPMENT FUNDING COMMITMENT 110718 DUE TO DISTRICT OF COLUMBIA 652 UNFUNDED COMMITMENT LIABILITY 30175 LEASE LIABILITY - OPERATING 162888 304433 X 10575602 474015 402961 876976 9698626 0 9698626 9382694 402961 402961 8979733 0 8979733 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. 1 1847 PROPERTY LLC 1847 14TH ST NW WASHINGTON DC 20009 334334486 500000 0 CASH SUPPORT FOR EQUITY IMPACT ENTERPRISES SMART CHOICES LLC 3029 P STREET SE WASHINGTON DC 20020 331313958 268750 0 CASH SUPPORT FOR EQUITY IMPACT ENTERPRISES 0 2 X 0 0 0 0 0 0 0 0 0 OSWALDO ACOSTA PRESIDENT AND CEO 344158 0 74400 0 0 0 0 0 0 0 418558 0 0 0 RODRIGO CORDON CHIEF OPERATING OFFICER 219907 0 14475 0 0 0 0 0 0 0 234382 0 0 0 JONATHAN REYES CHIEF LENDING OFFICER 200665 0 12750 0 0 0 0 0 0 0 213415 0 0 0 STEPHANIE MEYER CHIEF CREDIT OFFICER 149521 0 9555 0 0 0 0 0 0 0 159076 0 0 0 ARISA KOYAMA DIRECTOR OF IMPACT 145385 0 7200 0 0 0 0 0 0 0 152585 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 BUSINESS RELATIONSHIP AT BROADWAY FINANCIAL CORPORATION - BRIAN ARGRETT, DAVID MCGRADY, MARY ANN DONOVAN, WILLIAM LONGBRAKE. BUSINESS RELATIONSHIP AT CITY FIRST HOMES INC. - OSWALDO ACOSTA, BRIAN ARGRETT, DAVID MCGRADY, SHANNON SCOTT, MARY ANN DONOVAN, WILLIAM LONGBRAKE, PRIYA JAYACHANDRAN, LORI CHATMAN, AMBER BELL, ESTRELLA LUCERO, MUNEVVER YOLAS. 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 ITS 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. FORM 990, PART XII, LINE 2C CITY FIRST ENTERPRISES INC. MAINTAINS AN AUDIT COMMITTEE THAT HAS THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT. ADDITIONAL INFORMATION CITY FIRST ENTERPRISES INC. 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 INC. 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. CITY FIRST HOMES INC 1701 RHODE ISLAND AVE NW WASHINGTON DC 20036 262335395 TO PROMOTE COMMUNITY DEVELOPMENT BY PROVIDING AFFORDABLE HOUSING. DC 501(C)(3) 509(A)(2) CITY FIRST ENTERPRISES INC 0 BROADWAY FINANCIAL CORPORATION 5055 WILSHIRE BOULEVARD SUITE 500 LOS ANGELES CA 90036 954547287 BANK HOLDING COMPANY THAT CONDUCTS OPERATIONS THROUGH CITY FIRST BANK DE C 0.09060 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 CITY FIRST HOMES INC Q 83845 CASH