Overview
What is City First Enterprises Inc?
City First Enterprises Inc is a Washington D.C.-based nonprofit organization dedicated to promoting equity and opportunity by increasing access to responsible capital and financial services for underserved communities. Their mission encompasses housing, small businesses, community facilities, non-profits, and other market participants that positively impact low and moderate-income communities. They offer subordinated loans to nonprofits, small businesses, green energy projects, and affordable housing organizations within the Greater Washington Metropolitan Area. Additionally, they provide technical assistance and credit counseling to borrowers, and create permanently affordable housing through a wholly owned subsidiary. City First Enterprises Inc's team consists of 21 employees.
Official website here: www.cfenterprises.org
Is City First Enterprises Inc legitimate?
City First Enterprises Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. City First Enterprises Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,829,172
For more financial information, click here
What is the mission statement of City First Enterprises Inc?
City First Enterprises Inc strives to promote equity and opportunities in underserved communities by increasing access to responsible capital and complementary financial services. Their ultimate goal is to ensure the long-term well-being and resilience of individuals, families, and institutions. They offer financing and related services for various sectors including housing, small businesses, community facilities, non-profits, and other market participants that positively impact low and moderate income communities. Through a managed portfolio of deployed funds, they provide subordinated loans to nonprofits, small businesses, green energy, and affordable housing organizations. Additionally, they offer technical assistance and credit counseling to borrowers, as well as create permanently affordable housing through a wholly owned subsidiary.
Official website here: www.cfenterprises.org
Who is the CEO of City First Enterprises Inc?
Oswaldo Acosta is the Director of City First Enterprises Inc. The CEO's salary of City First Enterprises Inc is $315,840 and their total compensation is $315,840.
Official website here: www.cfenterprises.org
What is the revenue of City First Enterprises Inc?
City First Enterprises Inc's revenue in 2022 was $55,549,555.
Official website here: www.cfenterprises.org
Who are the executives of City First Enterprises Inc and what are their salaries?
The average compensation at City First Enterprises Inc during 2022 was $87,103. There are 21 employees at City First Enterprises Inc.
Here are 13 key members and their salaries (City First Enterprises Inc's CEO's salary is $315,840 and their total compensation is $315,840):
- Oswaldo Acosta (President And Ceo)
- Rodrigo Cordon (Portfolio Operations Direc)
- Stephanie Meyer (Chief Credit Officer)
- Jonathan Reyes (Loan Officer)
- Shanna Mcclearn (Director Of Small Business Programs)
- Sharon Feuer Gruber (Director Partnership & Dev)
- Annie Donovan (Director)
- Priya Jayachandran (Director)
- Lori Chatman (Director)
- Brian Argrett (Chairman)
- David Mcgrady (Vice-Chairman)
- Dr William Longbrake (Treasurer)
- Chuck Muckenfuss (Secretary)
Official website here: www.cfenterprises.org
Where can I find the form 990 for City First Enterprises Inc?
The City First Enterprises Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.cfenterprises.org
Learn more at the official website: www.cfenterprises.org
Mission Statement of City First Enterprises Inc
City First Enterprises Inc, a mission-driven organization, strives to promote equity and opportunity in underserved communities by increasing access to responsible capital and complementary financial services. With a long-term goal of ensuring the well-being and resilience of individuals, families, and institutions, City First Enterprises offers financing and related services for various sectors, including housing, small businesses, community facilities, non-profits, and other market participants that positively impact low and moderate-income communities.
The organization's primary focus is on providing increased access to essential financial resources and services, which are essential for the sustainable growth and development of underserved communities. City First Enterprises takes a holistic approach by not only offering financing but also providing technical assistance and credit counseling to borrowers. This approach ensures that the organizations and individuals they serve have the necessary knowledge and tools to effectively manage their financial resources and achieve their goals.
City First Enterprises' subordinated loan portfolio primarily targets nonprofits, small businesses, green energy, and affordable housing organizations within the Greater Washington Metropolitan Community. By investing in these organizations, City First Enterprises plays a crucial role in fostering their growth and sustainability, contributing to the overall improvement of the communities they serve. City First Enterprises' wholly-owned subsidiary also focuses on creating permanently affordable housing, further solidifying their commitment to long-term community development.
Impact
This information is meant to be a general summary of City First Enterprises Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
City First Enterprises Inc's impact lies in providing increased access to responsible capital and complementary financial services to underserved communities in Washington, DC. They aim to ensure the long-term well-being and resilience of individuals, families, and institutions by offering financing and related services for housing, small businesses, community facilities, nonprofits, and other market participants in low and moderate-income communities.
Through their managed portfolio of deployed funds in subordinated loans, City First Enterprises Inc supports small businesses, green energy initiatives, and affordable housing organizations within the greater Washington metropolitan community. Additionally, they provide technical assistance and credit counseling to borrowers, contributing to the economic empowerment and stability of the communities they serve.
Furthermore, City First Enterprises Inc's wholly-owned subsidiary focuses on the continued creation of permanently affordable housing, addressing critical housing needs in the region. Overall, their work aligns with their mission to promote equity and opportunity, making a tangible impact on improving the financial well-being of underserved populations and fostering community resilience.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Organization Details
Founding Year
1998
Phone
(202) 745-4490
Principal Officer
Oswaldo Acosta
Main Address
1 THOMAS CIRCLE NW 700, WASHINGTON, DC, 20005
Website
www.cfenterprises.org
NTEE Category
Code: S31 - Community improvement
If you are a representative of City First Enterprises Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.