City First Enterprises Inc
City First Enterprises Inc
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About this organization
Mission
City First Enterprises increases access to financial capital and business expertise for affordable housing developers, small businesses, green energy projects, and community organizations that focus on health, arts, child care, and education. A social impact lender, we work with borrowers who are routinely denied financing by other sources, helping to advance thriving communities with economic equity and social mobility. Vision: CFE envisions vibrant, just, healthy, and climate-resilient communities with more high employment jobs; greater self-sufficiency; and equitable access to high-quality housing, schools, health care, green infrastructure, and the arts.
About
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.
Interesting data from their 2019 990 filing
The purpose of the non-profit is stated in the filing as “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.”.
Their activities were defined as: “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.”.
- As per legal requirements, the non-profit's state of operation is reported as DC.
- The non-profit's address in 2019 as per the filing is 1342 FLORIDA AVENUE NW, WASHINGTON, DC, 20009.
- The form of the non-profit organization shows 9 employees as of 2019.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $263,994.
- The organization has 7 independent voting members.
- The organization was formed in 1998.
- The organization pays $517,857 in salary, compensation, and benefits to its employees.
- The organization pays $114,843 in fundraising expenses.
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