2013-11-14T15:54:24-06:00 2012-12-31 943108253 NOVOGRADAC & COMPANY LLP 2325 LAKEVIEW PARKWAY SUITE 450 ALPHARETTA GA 30009 990 2012-01-01 522101165 CITY FIRST ENTERPRISES INC CITY 2027454490 1436 U STREET NW NO 404 WASHINGTON DC 20009 JOHN HAMILTON 2027454490 2013-11-14 1 BENTLEY STANTON P00369094 6788672333 2012 2016-03-07 17:11:31Z JOHN HAMILTON 1436 U STREET NW NO 404 WASHINGTON DC 20009 3913283 0 X CFENTERPRISES.ORG X 1998 DC TO PROMOTE COMMUNITY AND ECONOMIC DEVELOPMENT IN DC'S DISTRESSED COMMUNITIES. 8 8 6 0 0 0 5696000 3717342 0 0 51338 31356 105073 164585 5852411 3913283 720738 236206 0 0 312448 414163 0 0 222694 4968686 475336 6001872 1125705 -149461 2787578 12323256 13973676 1726858 122946 10596398 13850730 TO PROMOTE COMMUNITY AND ECONOMIC DEVELOPMENT IN DC'S DISTRESSED AND UNDERSERVED COMMUNITIES, ATTRACT RESPONSIVE INVESTMENT CAPITAL TO DC'S UNDERSERVED COMMUNITIES, AND DEVELOP NEW PRODUCTS AND SERVICES TO FILL MARKET GAPS AND STRENGTHEN DISTRESSED NEIGHBORHOODS. 0 0 708062 236206 REFINED PLAN FOR AN AFFORDABLE HOUSING INITIATIVE IN WASHINGTON DC. WORKED WITH THE DISTRICT TO DEFINE MUNICIPAL REGULATIONS FOR THE AFFORDABLE HOUSING AND LAND TRUST PROGRAM. OBTAINED GRANTS TO LAUNCH A PILOT OF 1,000 AFFORDABLE HOUSING UNITS. 708062 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 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 0 0 0 1 3 0 1 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 DC X GAGNE PARKER CPAS PLLC 2023331670 1680 WISCONSIN AVE NW SUITE 310 WASHINGTON DC 20007 JAIME BORDENAVE 1.00 1.00 X 0 0 0 AURIE HALL 1.00 X 0 0 0 KIMBERLY LEVINE 1.00 X 0 0 0 CF MUCKENFUSS III 1.00 X 0 0 0 REV DAVID BOWERS 1.00 1.00 X 0 0 0 PATRICIA HENRIQUES 1.00 X 0 0 0 DR HASSAN MINOR 1.00 X 0 0 0 NEIL O ALBERT 1.00 X 0 0 0 DAVE WILKINSON 45.00 X 144742 0 5900 JOHN HAMILTON 25.00 1.00 X 130580 0 4767 275322 0 10667 2 0 0 0 0 1633333 2084009 3717342 31356 31356 OTHER REVENUE 900099 164585 164585 164585 3913283 0 0 195941 236206 236206 364706 150972 98933 114801 24561 10120 6632 7809 24896 10258 6722 7916 28104 11580 7589 8935 160938 66312 43455 51171 28690 11821 7747 9122 2319 956 626 737 4391 4391 7108 2929 1919 2260 PROGRAM EXPENSE 105785 105785 LOAN LOSS RESERVE 75280 75280 PROFESSIONAL FEES 62721 25843 16935 19943 1125705 708062 194949 222694 1983086 3194790 600000 10081 40688 4287061 5005322 23761 24211 42016 32203 9262 9813 5022731 5489818 198823 198823 188451 10211 12323256 13973676 93858 102767 20179 1633000 1726858 122946 X 9536914 12086147 1059484 1764583 10596398 13850730 12323256 13973676 2787578 467087 -333 0 X X 0 1 X 1 0 X 1326453 1410002 945000 5699600 3717342 13098397 1326453 1410002 945000 5699600 3717342 13098397 13098397 338051 136591 185083 51338 31356 742419 13840816 0.94640 0.96000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 42016 32203 9813 9813 INVESTMENT IN CFBANC CORPORATION - 24.12% OWNERSHIP 5489818 C 5489818 4664669 467087 284299 751386 3913283 0 3913283 1410004 284299 284299 1125705 0 1125705 1 CITY FIRST HOMES INC 1436 U STREET NW WASHINGTON DC 20009 262335395 501(C)(3) 211206 CASH TO SUPPORT THE PROGRAM SERVICES OF CITY FIRST HOMES, INC. THE COMMUNITY FOUNDATION 1201 15TH STREET NW SUITE 420 WASHINGTON DC 20005 237343119 501(C)(3) 25000 CASH INVESTIGATE/PROMOTE SHARED OFFICE SPACE/INFRASTRUCTURE FOR NON-GOVERNMENTAL ORGS. 2 2 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: 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., CHIP 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. THE GRANT OF $25,000 WAS MADE TO THE COMMUNITY FOUNDATION TO SUPPORT THEIR PURPOSE, "TO INVESTIGATE AND PROMOTE THE USE OF SHARED OFFICE SPACE AND INFRASTRUCTURE FOR NON-GOVERNMENTAL ORGANIZATIONS, IN WASHINGTON DC." AND INCLUDING THEIR FURTHER GOAL TO CREATE SUBSIDIZED HOUSING FOR INTERNS. THIS ENTITY IS A 501(C)(3) WHOSE INFORMATION CAN BE MONITORED THROUGH ITS PUBLICLY PROVIDED FORM 990 AND AUDITED FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION A, LINE 2 BUSINESS RELATIONSHIP AT CFBANC CORPORATION - C.F. MUCKENFUSS III, KIM LEVINE, DR. HASSAN MINOR, JOHN HAMILTON BUSINESS RELATIONSHIP AT CITY FIRST HOMES, INC. - JAIME BORDENAVE, REV. DAVID BOWERS, JOHN HAMILTON FORM 990, PART VI, SECTION B, LINE 11 MANAGEMENT REVIEWS RETURN. BOARD IS GIVEN A COPY OF RETURN TO REVIEW. BOARD SUBMITS COMMENTS TO MANAGEMENT. MANAGEMENT DISCUSSES RETURN WITH TAX PREPARER TO INCORPORATE ANY CHANGES; FINAL DRAFT PREPARED & DISCUSSED WITH BOARD. BOARD APPROVES RETURN; 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. CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC FORM 990, PART VII JAIME BORDENAVE - 1120 RHODE ISLAND AVENUE, NW, WASHINGTON, DC 20001. AURIE HALL - 6123 30TH ST NW, WASHINGTON, DC 20015. KIMBERLY LEVINE - 1432 U STREET NW, WASHINGTON, DC 20009. C.F. MUCKENFUSS, III - 1050 CONNECTICUT AVENUE, NW, WASHINGTON, DC 20036. REV. DAVID BOWERS - 10 G ST, NW, SUITE 450, WASHINGTON, DC 20002. PATRICIA HENRIQUES - 1708 23RD STREET SOUTH, ARLINGTON, VA 22202. DR. HASSAN MINOR - 2400 SIXTH STREET NW, SUITE 302, WASHINGTON, DC 20059. NEIL O. ALBERT - 800 17TH STREET NW, #1100, WASHINGTON, DC 20006. FORM 990, PARI XII, LINE 2C CITY FIRST ENTERPRISES, INCORPORATED MAINTAINS AN AUDIT COMMITTEE THAT HAS THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT. CITY FIRST HOMES INC 1436 U STREET 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 467087 0.24120 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 CITY FIRST HOMES INC B 211206 CASH CITY FIRST HOMES INC D 3575000 CASH CITY FIRST HOMES INC D 10211 CASH CITY FIRST HOMES INC A 36000 CASH CITY FIRST BANK OF DC P 18246 CASH CITY FIRST BANK OF DC P 10883 CASH