2020-11-06T07:24:20-06:00 2019-12-31 943108253 NOVOGRADAC & COMPANY LLP 5 GREAT VALLEY PARKWAY SUITE 319 MALVERN PA 19355 990 2019-01-01 522101165 CITY FIRST ENTERPRISES INC CITY 2027454490 1342 FLORIDA AVENUE NW NO 404 WASHINGTON DC 20009 OSWALDO ACOSTA EXECUTIVE DIRECTOR 2027454490 2020-11-06 1 TONYA PHONGSAVANH P00554385 6102324810 50.58.33.218 2020-11-06 08:18:37 ES P 02E95B31C835A2098CAA8E53AE74E32E4E730FF6 2FA98F7D6ABEC4E5F8A00DB1E565EB4C9E3CD0CF 2019 2021-01-29 14:40:06Z OSWALDO ACOSTA 1342 FLORIDA AVENUE NW WASHINGTON DC 20009 710173 0 X CFENTERPRISES.ORG X 1998 DC 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. 8 4 7 0 0 0 585554 174720 0 0 458214 486976 126485 48477 1170253 710173 116539 189923 0 0 517857 675586 0 0 60575 271863 231205 906259 1096714 263994 -386541 24205868 27606697 3686823 6712209 20519045 20894488 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. 0 0 879962 189923 MANAGED 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. 879962 1 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 8 0 1 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 4 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 DC X OSWALDO ACOSTA EXECUTIVE DIRECTOR 2027454490 1342 FLORIDA AVENUE NW WASHINGTON DC 20009 PEGGY HAMILTON DIRECTOR 1.00 X 0 0 0 LISA GREEN-HALL DIRECTOR 1.00 X 0 0 0 DR HASSAN MINOR DIRECTOR 1.00 X 0 0 0 MARK KAUFMAN DIRECTOR 1.00 X 0 0 0 BRIAN ARGRETT CHAIRMAN 1.00 X 0 0 0 DAVID MCGRADY VICE-CHAIRMAN 1.00 X 0 0 0 WILLIAM LONGBRAKE TREASURER 1.00 X 0 0 0 CHUCK MUCKENFUSS SECRETARY 1.00 X 0 0 0 JIM STECK CHIEF LENDING OFFICER 40.00 X 126950 0 0 OSWALDO ACOSTA PRESIDENT 40.00 X 131250 0 0 258200 0 0 2 0 0 0 0 174720 174720 486976 486976 OTHER REVENUE 900099 48477 48477 48477 710173 0 0 535453 189923 189923 528085 430359 64249 33477 99770 81307 6325 12138 47731 38898 3026 5807 15183 15183 41434 41434 42992 21415 19421 2156 77459 60421 12070 4968 44605 33808 8922 1875 5137 5017 99 21 4464 4062 332 70 OTHER -69 -431 299 63 1096714 879962 156177 60575 2418876 4054529 1200000 1199401 1882722 799000 11176135 13017661 4014 0 0 0 0 0 7524121 8536106 24205868 27606697 25493 70336 881929 1417346 1000000 4000000 1779401 1224527 3686823 6712209 X 19934928 20460654 584117 433834 20519045 20894488 24205868 27606697 -386541 761985 0 X X 0 1 X 1 0 X 3010164 1731492 692396 585554 174720 6194326 3010164 1731492 692396 585554 174720 6194326 6194326 100949 253878 408745 458214 486976 1708762 7903088 0.78380 0.89100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 INVESTMENT IN CFBANC CORPORATION - 23.77% OWNERSHIP 8286106 C 8286106 FUNDS HELD OF COMMUNITY LAND TRUST 1113434 PRE-DEVELOPMENT FUNDING COMMITMENT 110718 DUE TO AFFILIATES 375 1224527 X 0 215060 215060 -215060 0 -215060 0 215060 215060 -215060 0 -215060 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 CITY FIRST HOMES INC 1342 FLORIDA AVENUE NW WASHINGTON DC 20009 262335395 501(C)(3) 189923 CASH TO SUPPORT THE PROGRAM SERVICES OF CITY FIRST HOMES, INC. INVESTIGATE/PROMOTE SHARED OFFICE SPACE/INFRASTRUCTURE FOR NON-GOVERNMENTAL ORGS. FORM 990, PART VI, SECTION A, LINE 2 BUSINESS RELATIONSHIP AT CFBANC CORPORATION - BRIAN ARGRETT,WILLIAM LONGBRAKE, DAVID MCGRADY, DR. HASSAN MINOR, CHUCK MUCKENFUSS. BUSINESS RELATIONSHIP AT CITY FIRST HOMES, INC. - BRIAN ARGRETT,WILLIAM LONGBRAKE, 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. 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. CITY FIRST HOMES INC 1342 FLORIDA AVENUE NW WASHINGTON DC 20009 262335395 TO PROMOTE COMMUNITY DEVELOPMENT BY PROVIDING AFFORDABLE HOUSING. DC 501(C)(3) 509(A)(2) CITY FIRST ENTERPRISES INC 0 CFBANC CORPORATION 1432 U STREET NW WASHINGTON DC 20009 522101164 MANAGING CITY FIRST BANK OF D.C. DC C 0.23770 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 CITY FIRST HOMES INC D 3575333 CASH CITY FIRST HOMES INC P 375 CASH