CITY FIRST ENTERPRISES INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- CITY FIRST ENTERPRISES INC (EIN 52-2101165)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-11-06
- IRS object ID
- 201213119349300956
- Schema version
- 2011v1.2
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-11-06T09:31:06-06:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 943108253 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NOVOGRADAC & COMPANY LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2325 LAKEVIEW PARKWAY SUITE 450 | AddressLine1 |
| City | ALPHARETTA | City |
| State | GA | State |
| ZIP Code | 30009 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 522101165 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CITY FIRST ENTERPRISES INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CITY | NameControl |
| Phone | 2027454490 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1436 U STREET NW NO 404 | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20009 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DAVID WILKINSON | Name |
| Title | EXECUTIVE DIRECTOR | Title |
| Phone | 2027454490 | Phone |
| Date Signed | 2012-11-05 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | BENTLEY STANTON | Name |
| PTIN | P00369094 | PTIN |
| Phone | 6788672333 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | DAVID WILKINSON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1436 U STREET NW NO 404 | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20009 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 5852411 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | CFENTERPRISES.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1998 | YearFormation |
| State Legal Domicile | DC | StateLegalDomicile |
| Activity Or Mission Description | TO PROMOTE COMMUNITY AND ECONOMIC DEVELOPMENT IN DC'S DISTRESSED COMMUNITIES. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 7 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 7 | NbrIndependentVotingMembers |
| Total Nbr Employees | 4 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 945000 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 5696000 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 185083 | InvestmentIncomePriorYear |
| Investment Income Current Year | 51338 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 119388 | OtherRevenuePriorYear |
| Other Revenue Current Year | 105073 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 1249471 | TotalRevenuePriorYear |
| Total Revenue Current Year | 5852411 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 572000 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 720738 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 348144 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 312448 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 81492 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 390698 | OtherExpensePriorYear |
| Other Expenses Current Year | 4968686 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 1310842 | TotalExpensesPriorYear |
| Total Expenses Current Year | 6001872 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -61371 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -149461 | RevenuesLessExpensesCY |
| Total Assets BOY | 16292407 | TotalAssetsBOY |
| Total Assets EOY | 12323256 | TotalAssetsEOY |
| Total Liabilities BOY | 5812142 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1726858 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 10480265 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 10596398 | NetAssetsOrFundBalancesEOY |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 5665505 | Expense |
| Grants | 5696000 | Grants |
| Description | 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. | Description |
| Total Program Service Expense | 5665505 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 3 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 4 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Form8899 Filed | 0 | Form8899Filed |
| Form1098 C Filed | 0 | Form1098CFiled |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 7 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 7 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | DC | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GAGNE PARKER CPAS PLLC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2023331670 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1680 WISCONSIN AVE NW | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20007 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (9 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|
| JAIME BORDENAVE | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| AURIE HALL | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| KIMBERLY LEVINE | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| CF MUCKENFUSS III | ||||||
| CHAIRMAN | 1.00 | X | 0 | 0 | 0 | |
| REV DAVID BOWERS | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| PATRICIA HENRIQUES | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| DR HASSAN MINOR | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| DAVE WILKINSON | ||||||
| EXECUTIVE DIRECTOR | 45.00 | 122396 | 0 | 5000 | X | |
| JOHN HAMILTON | ||||||
| PRESIDENT | 25.00 | 109375 | 0 | 4375 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 231771 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 9375 | TotalOtherCompensation |
| Number Individuals GT100 K | 2 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Government Grants | 4100000 | GovernmentGrants |
| All Other Contributions | 1596000 | AllOtherContributions |
| Total Contributions | 5696000 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 51338 | TotalRevenueColumn |
| Exclusion | $51,338 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER REVENUE | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 105073 | TotalRevenueColumn |
| Exclusion | $105,073 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 105073 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 5852411 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $156,411 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 720738 | Total |
| Program Services | 720738 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 270113 | Total |
| Program Services | 118966 | ProgramServices |
| Management And General | 113520 | ManagementAndGeneral |
| Fundraising | 37627 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21450 | Total |
| Program Services | 9447 | ProgramServices |
| Management And General | 9015 | ManagementAndGeneral |
| Fundraising | 2988 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20885 | Total |
| Program Services | 9198 | ProgramServices |
| Management And General | 8778 | ManagementAndGeneral |
| Fundraising | 2909 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 51621 | Total |
| Program Services | 22735 | ProgramServices |
| Management And General | 21695 | ManagementAndGeneral |
| Fundraising | 7191 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 151766 | Total |
| Program Services | 66838 | ProgramServices |
| Management And General | 63787 | ManagementAndGeneral |
| Fundraising | 21141 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16009 | Total |
| Program Services | 7050 | ProgramServices |
| Management And General | 6729 | ManagementAndGeneral |
| Fundraising | 2230 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 750 | Total |
| Program Services | 330 | ProgramServices |
| Management And General | 315 | ManagementAndGeneral |
| Fundraising | 105 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8008 | Total |
| Management And General | 8008 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6535 | Total |
| Program Services | 2878 | ProgramServices |
| Management And General | 2747 | ManagementAndGeneral |
| Fundraising | 910 | Fundraising |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| RETURN OF D.C. FUNDS | 4556811 | 4556811 | ||
| PROGRAM EXPENSE | 91757 | 91757 | 0 | 0 |
| PROFESSIONAL FEES | 85429 | 58757 | 20281 | 6391 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6001872 | Total |
| Program Services | 5665505 | ProgramServices |
| Management And General | 254875 | ManagementAndGeneral |
| Fundraising | 81492 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2965946 | BOY |
| EOY | 1983086 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 275000 | BOY |
| EOY | 600000 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13706 | BOY |
| EOY | 10081 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4025000 | BOY |
| EOY | 4287061 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25239 | BOY |
| EOY | 23761 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 37074 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 27812 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15595 | BOY |
| EOY | 9262 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4757137 | BOY |
| EOY | 5022731 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4000000 | BOY |
| EOY | 198823 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 214784 | BOY |
| EOY | 188451 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16292407 | BOY |
| EOY | 12323256 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 79142 | BOY |
| EOY | 93858 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5733000 | BOY |
| EOY | 1633000 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5812142 | BOY |
| EOY | 1726858 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5279803 | BOY |
| EOY | 9536914 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5200462 | BOY |
| EOY | 1059484 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10480265 | BOY |
| EOY | 10596398 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16292407 | BOY |
| EOY | 12323256 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -149461 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 265594 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 10497911 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1326453 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1410002 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 945000 | CurrentTaxYearMinus1Year |
| Current Tax Year | 5699600 | CurrentTaxYear |
| Total | 19878966 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 10497911 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1326453 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1410002 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 945000 | CurrentTaxYearMinus1Year |
| Current Tax Year | 5699600 | CurrentTaxYear |
| Total | 19878966 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 19878966 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 116520 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 338051 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 136591 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 185083 | CurrentTaxYearMinus1Year |
| Current Tax Year | 51338 | CurrentTaxYear |
| Total | 827583 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 20706549 | TotalSupport |
| Public Support Pertcentage170 | 0.96000 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.94820 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 37074 | OtherCostOrOtherBasis |
| Depreciation | 27812 | Depreciation |
| Book Value | 9262 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 9262 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | INVESTMENT IN CFBANC CORPORATION - 24% OWNERSHIP | Description |
| Book Value | 5022731 | BookValue |
| Method Of Valuation | C | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 5022731 | TotalOfBookValueSecurities |
| Total Revenue | 5852411 | TotalRevenue |
| Total Expenses | 6001872 | TotalExpenses |
| Excess Or Deficit For Year | -149461 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 265594 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 265594 | TotalAdjustments |
| Excess Or Deficit Per FS | 116133 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 6286210 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 265594 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 168205 | DonatedSrvcAndUseOfFacilities |
| Revenue Not Rptd F990 | 433799 | RevenueNotRptdF990 |
| Revenue Subtotal | 5852411 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 5852411 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 6170077 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 168205 | DonatedServicesUseOfFacilities |
| Expenses Not Rptd F990 | 168205 | ExpensesNotRptdF990 |
| Expenses Subtotal | 6001872 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 6001872 | TotalExpensesPerForm990 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| 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. | |
| 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. | CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED GAINS ON INVESTMENTS: 265,594. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FOR THE YEAR ENDED DECEMBER 31, 2011, CITY FIRST ENTERPRISES, INC. INSTITUED AN AUDIT COMMITTEE. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CITY FIRST HOMES INC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1436 U STREET NW | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20009 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 262335395 | EIN |
| Primary Activities | TO PROMOTE COMMUNITY DEVELOPMENT BY PROVIDING AFFORDABLE HOUSING. | PrimaryActivities |
| Legal Domicile State | DC | LegalDomicileState |
| Exempt Code Section | 501(C)(3) | ExemptCodeSection |
| Public Charity Status | 509(A)(2) | PublicCharityStatus |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CITY FIRST ENTERPRISES INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Org | 0 | ControlledOrg |
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CFBANC CORPORATION | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1432 U STREET NW | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20009 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 522101164 | EIN |
| Primary Activity | MANAGING CITY FIRST BANK OF D.C. | PrimaryActivity |
| Legal Domicile State | DC | LegalDomicileState |
| Type Of Entity | C | TypeOfEntity |
| Share Of Total Income | 265594 | ShareOfTotalIncome |
| Percentage Ownership | 0.23660 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 1 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 1 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 1 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 1 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (6 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| CITY FIRST HOMES INC | ||
| B | 720738 | CASH |
| CITY FIRST HOMES INC | ||
| D | 3575000 | CASH |
| CITY FIRST HOMES INC | ||
| D | 118959 | CASH |
| CITY FIRST HOMES INC | ||
| A | 51000 | CASH |
| CITY FIRST HOMES INC | ||
| D | 15000 | CASH |
| CITY FIRST BANK OF DC | ||
| O | 15226 | CASH |
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