Nonprofits›City First Enterprises Inc

Human Services

City First Enterprises Inc

WASHINGTON, DC

WebsiteView as a funder

Total revenue

$15.3M

Total expenses

$12.1M

Net assets

$30.4M

Grants received

$2.8M

12 grants

EIN

522101165

Tax year

2024

Mission

City first enterprises is a community development financial institution specializing in flexible lending for affordable housing, commercial real estate, small businesses, non-profits, clean energy, and homeownership. With a mission to create equitable financial solutions to support people and communities in achieving their economic aspirations, we envision a future where all people and communities transform their futures through equitable access to capital.

Financials

FY 2024

Revenue

Contributions & grants$11.7M
Program service revenue—
Investment income$3.3M
Other revenue$289K
Total revenue$15.3M

Expenses

Grants paid$8.6M
Salaries & benefits$2.7M
Fundraising$210K
Other expenses$715K
Total expenses$12.1M
Total assets$74.2M
Net assets$30.4M

People

15 listed

NameRoleCompensation

ESTRELLA LUCERO

DIRECTOR

Board

—

1 hrs/wk

BRIAN ARGRETT

CHAIRMAN OF THE BOARD

Board

—

1 hrs/wk

DR WILLIAM LONGBRAKE

DIRECTOR

Board

—

1 hrs/wk

SHANNON SCOTT

TREASURER

Board

—

1 hrs/wk

MARY ANN DONOVAN

SECRETARY

Board

—

1 hrs/wk

DAVID MCGRADY

VICE-CHAIRMAN OF THE BOARD

Board

—

1 hrs/wk

CHUCK MUCKENFUSS

DIRECTOR

Board

—

1 hrs/wk

PRIYA JAYACHANDRAN

DIRECTOR

Board

—

1 hrs/wk

LORI CHATMAN

DIRECTOR

Board

—

1 hrs/wk

AMBER KUCHER BELL

DIRECTOR

Board

—

1 hrs/wk

OSWALDO ACOSTA

PRESIDENT AND CHIEF EXECUTIVE OFFICER

Staff

$363K

40 hrs/wk

RODRIGO CORDON

CHIEF OPERATING OFFICER

Staff

$191K

40 hrs/wk

JONATHAN REYES

CHIEF LENDING OFFICER

Staff

$168K

40 hrs/wk

SHANNON NYS

FORMER DIRECTOR OF FINANCE & ACCOUNTING

Staff

$157K

40 hrs/wk

STEPHANIE MEYER

CHIEF CREDIT OFFICER

Staff

$148K

40 hrs/wk

Grants received

Showing 12 of 12

FromAmountPurposeYear
CAPITAL IMPACT PARTNERS
$234K
TO SUPPORT AND PROMOTE AFFORDABLE AND WORKFORCE HOUSING ACROSS THE DETROIT REGION
2024
CAPITAL IMPACT PARTNERS
$64K
TO CATALYZE BUSINESS GROWTH AND SUPPORT BUSINESS SUCCESS FOR DC OWNED FOOD BUSINESSES
2023
NATIONAL COMMUNITY REINVESTMENT
$50K
SUBGRANT
2023
OPPORTUNITY FINANCE NETWORK
$250K
OFN CDFI TECH GRANT PROGRAM SUPPORTED BY GOOGLE.ORG
2022
OPPORTUNITY FINANCE NETWORK
$200K
FINANCE JUSTICE FUND SUBGRANT
2022
PROSPERITY NOW
$160K
TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION
2022
OPPORTUNITY FINANCE NETWORK
$100K
2022 RENEWABLE ENERGY EFFICIENT GRANT
2022
CAPITAL IMPACT PARTNERS
$55K
TO CATALYZE BUSINESS GROWTH AND SUPPORT BUSINESS SUCCESS FOR DC OWNED FOOD BUSINESSES
2022
CAPITAL IMPACT PARTNERS
$724K
OPEN FOR BUSINESS FUND AND ENTREPRENEURS OF COLOR
2021
PROSPERITY NOW
$375K
TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION
2021
Expanding Black Business
$500K
COVID-19 RECOVERY
2020
OPPORTUNITY FINANCE NETWORK
$100K
RENEWABLE ENERGY EFFICIENT GRANT
2020

Funded by

$2.8M from 5 funders · 12 grants · 2020–2024

Capital Impact Partners

$1.1M · 4 grants · 2021–2024

Opportunity Finance Network

$650K · 4 grants · 2020–2022

Prosperity Now

$535K · 2 grants · 2021–2022

Expanding Black Business

$500K · 1 grant · 2020

National Community Reinvestment

$50K · 1 grant · 2023

Details

EIN522101165
NTEE codeP20
Subsection03
Ruling date1998-07
Formed1998
Employees26
Volunteers0
CITY FIRST ENTERPRISES INC — Mission, Financials & Grants Received | Grantivo