CITY FIRST ENTERPRISES INC: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization: CITY FIRST ENTERPRISES INC (EIN 52-2101165)
Tax period: 2016-01-01 to 2016-12-31
Filed: 2017-10-13
IRS object ID: 201702869349300830
Schema version: 2016v3.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule I
Schedule J
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2017-10-13T11:10:02-05:00	ReturnTs
Tax Period End	2016-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	943108253	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	NOVOGRADAC & COMPANY LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	5 GREAT VALLEY PARKWAY SUITE 319	AddressLine1Txt
City	MALVERN	CityNm
State Abbreviation	PA	StateAbbreviationCd
ZIP	19355	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2016-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	522101165	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CITY FIRST ENTERPRISES INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	CITY	BusinessNameControlTxt
Phone	2027454490	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1436 U STREET NW NO 404	AddressLine1Txt
City	WASHINGTON	CityNm
State Abbreviation	DC	StateAbbreviationCd
ZIP	20009	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	MARK KAUFMAN	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	2027454490	PhoneNum
Signature	2017-10-13	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	BENTLEY STANTON	PreparerPersonNm
PTIN	P00369094	PTIN
Phone	6102324810	PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	168.215.156.202	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2017-10-13	IPDt
IP Tm	12:02:54	IPTm
IP Timezone	ED	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	8A2C940EE7979F8A6488D43DBDD722A5D8EE7040	AtSubmissionCreationDeviceId
At Submission Filing Device Id	8A2C940EE7979F8A6488D43DBDD722A5D8EE7040	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2016	TaxYr
Build TS	2021-01-29 14:40:06Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	MARK KAUFMAN	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1436 U STREET NW NO 404	AddressLine1Txt
City	WASHINGTON	CityNm
State Abbreviation	DC	StateAbbreviationCd
ZIP	20009	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$2,111,560	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	CFENTERPRISES.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1998	FormationYr
Legal Domicile State	DC	LegalDomicileStateCd
Activity Or 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. 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.	ActivityOrMissionDesc
Voting Members Governing Body	10	VotingMembersGoverningBodyCnt
Voting Members Independent	9	VotingMembersIndependentCnt
Total Employee	5	TotalEmployeeCnt
Total Volunteers	7	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$3,010,164	PYContributionsGrantsAmt
CY Contributions Grants	$1,731,492	CYContributionsGrantsAmt
PY Program Service Revenue	$0	PYProgramServiceRevenueAmt
CY Program Service Revenue	$0	CYProgramServiceRevenueAmt
PY Investment Income	$100,949	PYInvestmentIncomeAmt
CY Investment Income	$253,878	CYInvestmentIncomeAmt
PY Other Revenue	$76,136	PYOtherRevenueAmt
CY Other Revenue	$126,190	CYOtherRevenueAmt
PY Total Revenue	$3,187,249	PYTotalRevenueAmt
CY Total Revenue	$2,111,560	CYTotalRevenueAmt
PY Grants And Similar Paid	$91,250	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$57,413	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$524,174	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$500,107	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$52,590	CYTotalFundraisingExpenseAmt
PY Other Expenses	$966,400	PYOtherExpensesAmt
CY Other Expenses	$554,557	CYOtherExpensesAmt
PY Total Expenses	$1,581,824	PYTotalExpensesAmt
CY Total Expenses	$1,112,077	CYTotalExpensesAmt
PY Revenues Less Expenses	$1,605,425	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$999,483	CYRevenuesLessExpensesAmt
Total Assets BOY	$18,929,764	TotalAssetsBOYAmt
Total Assets EOY	$20,550,028	TotalAssetsEOYAmt
Total Liabilities BOY	$406,783	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$538,801	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$18,522,981	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$20,011,227	NetAssetsOrFundBalancesEOYAmt
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.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$878,102	ExpenseAmt
Grant	$1,731,492	GrantAmt
Desc	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.	Desc
Total Program Service Expenses	$878,102	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Temp Or Permanent Endowments	0	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (1)	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (1)	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	Yes (1)	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	0	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	Yes (1)	RelatedEntityInd
Related Organization Ctrl Ent	Yes (1)	RelatedOrganizationCtrlEntInd
Transaction With Control Ent	Yes (1)	TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	9	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	5	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	10	GoverningBodyVotingMembersCnt
Independent Voting Member	9	IndependentVotingMemberCnt
Family Or Business Rln	Yes (1)	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	DC	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MARK KAUFMAN PRESIDENT	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	2027454490	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1436 U STREET NW NO 404	AddressLine1Txt
City	WASHINGTON	CityNm
State Abbreviation	DC	StateAbbreviationCd
ZIP	20009	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
AURIE HALL
DIRECTOR	1.00	Yes (X)	$0	$0	$0
KIMBERLY LEVINE
DIRECTOR	1.00	Yes (X)	$0	$0	$0
DR HASSAN MINOR
DIRECTOR	1.00	Yes (X)	$0	$0	$0
ELLEN LAZAR
DIRECTOR	1.00	Yes (X)	$0	$0	$0
DAVID MCGRADY
DIRECTOR	1.00	Yes (X)	$0	$0	$0
WILLIAM LONGBRAKE
DIRECTOR	1.00	Yes (X)	$0	$0	$0
BRIAN ARGRETT
CHAIRMAN	1.00		$0	$0	$0	Yes (X)
JAIME BORDENAVE
VICE-CHAIRMAN	1.00		$0	$0	$0	Yes (X)
PATRICIA HENRIQUES
TREASURER	1.00		$0	$0	$0	Yes (X)
CHUCK MUCKENFUSS
SECRETARY	1.00		$0	$0	$0	Yes (X)
ROBERT BURNS
EXECUTIVE DIRECTOR	22.50		$77,284	$77,283	$12,784		22.50	Yes (X)
ROBIN HALSBAND
SENIOR VICE PRESIDENT	45.00		$120,546	$0	$0				Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$197,830	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$77,283	TotReportableCompRltdOrgAmt
Total Other Compensation	$12,784	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	1	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K	0	CntrctRcvdGreaterThan100KCnt
Government Grants	$936,152	GovernmentGrantsAmt
All Other Contributions	$795,340	AllOtherContributionsAmt
Total Contributions	$1,731,492	TotalContributionsAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$253,878	TotalRevenueColumnAmt
Exclusion	$253,878	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	OTHER REVENUE	Desc
Business	900099	BusinessCd
Total Revenue Column	$126,190	TotalRevenueColumnAmt
Exclusion	$126,190	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$126,190	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$2,111,560	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$380,068	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$57,413	TotalAmt
Program Services	$57,413	ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$432,241	TotalAmt
Program Services	$319,168	ProgramServicesAmt
Management And General	$87,658	ManagementAndGeneralAmt
Fundraising	$25,415	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$41,992	TotalAmt
Program Services	$31,006	ProgramServicesAmt
Management And General	$8,516	ManagementAndGeneralAmt
Fundraising	$2,470	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$25,874	TotalAmt
Program Services	$19,106	ProgramServicesAmt
Management And General	$5,247	ManagementAndGeneralAmt
Fundraising	$1,521	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$8,892	TotalAmt
Program Services	$6,566	ProgramServicesAmt
Management And General	$1,803	ManagementAndGeneralAmt
Fundraising	$523	FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$126,205	TotalAmt
Program Services	$93,190	ProgramServicesAmt
Management And General	$25,594	ManagementAndGeneralAmt
Fundraising	$7,421	FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$4,429	TotalAmt
Program Services	$3,270	ProgramServicesAmt
Management And General	$899	ManagementAndGeneralAmt
Fundraising	$260	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$69,860	TotalAmt
Program Services	$51,585	ProgramServicesAmt
Management And General	$14,167	ManagementAndGeneralAmt
Fundraising	$4,108	FundraisingAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$159,058	TotalAmt
Program Services	$117,449	ProgramServicesAmt
Management And General	$32,257	ManagementAndGeneralAmt
Fundraising	$9,352	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$8,318	TotalAmt
Program Services	$6,142	ProgramServicesAmt
Management And General	$1,687	ManagementAndGeneralAmt
Fundraising	$489	FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$13,881	TotalAmt
Program Services	$10,250	ProgramServicesAmt
Management And General	$2,815	ManagementAndGeneralAmt
Fundraising	$816	FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$3,657	TotalAmt
Program Services	$2,700	ProgramServicesAmt
Management And General	$742	ManagementAndGeneralAmt
Fundraising	$215	FundraisingAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt
LOAN RELATED EXPENSES	$158,278	$158,278
PROGRAM EXPENSES	$1,979	$1,979

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,112,077	TotalAmt
Program Services	$878,102	ProgramServicesAmt
Management And General	$181,385	ManagementAndGeneralAmt
Fundraising	$52,590	FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$5,233,225	BOYAmt
EOY	$4,041,978	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$27,119	BOYAmt
EOY	$136,791	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$7,098,574	BOYAmt
EOY	$9,291,632	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$11,851	BOYAmt
EOY	$33,322	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$55,761	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$52,204	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$4,864	BOYAmt
EOY	$3,557	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$6,553,985	BOYAmt
EOY	$7,042,748	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$146	BOYAmt
EOY	$0	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$18,929,764	BOYAmt
EOY	$20,550,028	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$138,954	BOYAmt
EOY	$24,608	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$267,829	BOYAmt
EOY	$10,107	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
EOY	$250,000	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$254,086	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$406,783	BOYAmt
EOY	$538,801	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$18,522,981	BOYAmt
EOY	$19,350,286	EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
EOY	$660,941	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$18,522,981	BOYAmt
EOY	$20,011,227	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$18,929,764	BOYAmt
EOY	$20,550,028	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$999,483	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$488,763	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	Yes (1)	FederalGrantAuditRequiredInd
Federal Grant Audit Performed	Yes (1)	FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Public Organization170	Yes (X)	PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$3,717,342	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,524,596	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$4,201,818	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$3,010,164	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,731,492	CurrentTaxYearAmt
Total	$14,185,412	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$3,717,342	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,524,596	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$4,201,818	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$3,010,164	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,731,492	CurrentTaxYearAmt
Total	$14,185,412	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total170	$14,185,412	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$31,356	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$51,182	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$28,215	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$100,949	CurrentTaxYearMinus1YearAmt
Current Tax Year	$253,878	CurrentTaxYearAmt
Total	$465,580	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$14,650,992	TotalSupportAmt
Public Support CY170	0.96820	PublicSupportCY170Pct
Public Support PY170	0.98570	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$55,761	OtherCostOrOtherBasisAmt
Depreciation	$52,204	DepreciationAmt
Book Value	$3,557	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$3,557	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

Field	Value	IRS element (for citing)
Desc	INVESTMENT IN CFBANC CORPORATION - 23.77% OWNERSHIP	Desc
Book Value	$7,042,748	BookValueAmt
Method Valuation	C	MethodValuationCd

Field	Value	IRS element (for citing)
Total Book Value Securities	$7,042,748	TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	DUE TO RELATED PARTIES	Desc
Amt	$254,086	Amt

Field	Value	IRS element (for citing)
Total Liability	$254,086	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$2,860,655	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$488,763	NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts	$260,332	DonatedServicesAndUseFcltsAmt
Revenue Not Reported	$749,095	RevenueNotReportedAmt
Revenue Subtotal	$2,111,560	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$2,111,560	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$1,372,409	TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts	$260,332	DonatedServicesUseFcltsAmt
Expenses Not Reported	$260,332	ExpensesNotReportedAmt
Expenses Subtotal	$1,112,077	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$1,112,077	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART X, LINE 2:	FormAndLineReferenceDesc
Explanation	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.	ExplanationTxt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Recipient Table RecipientTable (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Valuation Method UsedValuationMethodUsedDesc	Purpose Of GrantPurposeOfGrantTxt
CITY FIRST HOMES INC
1436 U STREET NW	WASHINGTON	DC	20009	262335395	501(C)(3)	$57,413	CASH	TO SUPPORT THE PROGRAM SERVICES OF CITY FIRST HOMES, INC.
(no name)
								INVESTIGATE/PROMOTE SHARED OFFICE SPACE/INFRASTRUCTURE FOR NON-GOVERNMENTAL ORGS.

Field	Value	IRS element (for citing)
Total501c3 Org	1	Total501c3OrgCnt
Total Other Org	1	TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 2:	FormAndLineReferenceDesc
Explanation	CITY 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.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	Yes (X)	CompensationCommitteeInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	0	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	0	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	0	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	0	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	0	AnyNonFixedPaymentsInd
Initial Contract Exception	0	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	ROBERT BURNS	PersonNm
Title	EXECUTIVE DIRECTOR	TitleTxt
Base Compensation Filing Org	$77,284	BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs	$77,283	CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization	$0	BonusFilingOrganizationAmount
Bonus Related Organizations	$0	BonusRelatedOrganizationsAmt
Other Compensation Filing Org	$0	OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs	$0	OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org	$0	DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs	$0	DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org	$6,392	NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs	$6,392	NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org	$83,676	TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs	$83,675	TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org	$0	CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs	$0	CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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.
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 AND DESIGN 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.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

Field	Value	IRS element (for citing)
Business Name Line1	CITY FIRST HOMES INC	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1436 U STREET NW	AddressLine1Txt
City	WASHINGTON	CityNm
State Abbreviation	DC	StateAbbreviationCd
ZIP	20009	ZIPCd

Field	Value	IRS element (for citing)
EIN	262335395	EIN
Primary Activities	TO PROMOTE COMMUNITY DEVELOPMENT BY PROVIDING AFFORDABLE HOUSING.	PrimaryActivitiesTxt
Legal Domicile State	DC	LegalDomicileStateCd
Exempt Code Section	501(C)(3)	ExemptCodeSectionTxt
Public Charity Status	509(A)(2)	PublicCharityStatusTxt

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	CITY FIRST ENTERPRISES INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Controlled Organization	0	ControlledOrganizationInd

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

Field	Value	IRS element (for citing)
Business Name Line1	CFBANC CORPORATION	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1432 U STREET NW	AddressLine1Txt
City	WASHINGTON	CityNm
State Abbreviation	DC	StateAbbreviationCd
ZIP	20009	ZIPCd

Field	Value	IRS element (for citing)
EIN	522101164	EIN
Primary Activities	MANAGING CITY FIRST BANK OF D.C.	PrimaryActivitiesTxt
Legal Domicile State	DC	LegalDomicileStateCd
Entity Type	C	EntityTypeTxt
Ownership	0.23770	OwnershipPct
Controlled Organization	0	ControlledOrganizationInd

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	Yes (1)	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	Yes (1)	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	0	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	Yes (1)	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	0	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	0	DivRelatedOrganizationInd
Asset Sale To Other Org	0	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	0	AssetPurchaseFromOtherOrgInd
Asset Exchange	0	AssetExchangeInd
Rental Of Facilities To Oth Org	0	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	0	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	0	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	0	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	0	SharingOfFacilitiesInd
Paid Employees Sharing	0	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	Yes (1)	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	0	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	Yes (1)	TransferToOtherOrgInd
Transfer From Other Org	Yes (1)	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (7 entries)

Transaction TypeTransactionTypeTxt	InvolvedInvolvedAmt	Method Of Amount DeterminationMethodOfAmountDeterminationTxt
CITY FIRST HOMES INC
A	$36,000	CASH
CITY FIRST HOMES INC
B	$57,413	CASH
CITY FIRST HOMES INC
D	$3,575,333	CASH
CITY FIRST HOMES INC
P	$254,086	CASH
CITY FIRST BANK OF DC
S	$91	CASH
CITY FIRST BANK OF DC
R	$99	CASH
CITY FIRST BANK OF DC
A	$4,561	CASH