Nonprofit · EIN 23-2689714
COMMUNITY FIRST FUND
Tax-exempt · LANCASTER, PA 17602
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $39,961,210 | $34,654,543 | $5,306,667 | $175,119,412 | $116,102,833 | $59,016,579 |
| June 30, 2024 | 990 | $22,595,432 | $14,738,819 | $7,856,613 | $146,347,142 | $91,022,592 | $55,324,550 |
| June 30, 2023 | 990 (amended) | $17,328,667 | $13,047,440 | $4,281,227 | $124,298,152 | $83,493,413 | $40,804,739 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $27,835,534
- of which government grants
- $11,547,800
- Program service revenue
- $12,125,676
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $15,940,585
- Other salaries and wages
- $7,958,705
- Salaries, compensation and benefits (total)
- $10,112,449
- Professional fundraising fees
- $0
- Legal fees
- $411,255
- Occupancy
- $746,481
- Travel
- $226,461
- Depreciation
- $297,661
- Program services (functional)
- $29,291,103
- Management and general (functional)
- $4,267,968
- Fundraising (functional)
- $1,095,472
Balance sheet and other
- Total assets, start of year
- $146,347,142
- Total assets, end of year
- $175,119,412
- Total liabilities, end of year
- $116,102,833
- Net assets, end of year
- $59,016,579
- Land, buildings and equipment
- $8,715,801
- Net assets without donor restrictions
- $58,733,433
- Net assets with donor restrictions
- $283,146
- Gross receipts
- $39,961,210
- Employees
- 89
- Year formed
- 1992
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DANIEL BETANCOURT | PRESIDENT & Officer | 60 | $385,375 | $42,809 |
| JONATHAN ENCARNACION | SENIOR VP CH Highest-paid employee | 40 | $206,465 | $44,852 |
| JOAN BRODHEAD | CHIEF STRAT. Officer | 48 | $208,549 | $29,202 |
| DRAGAN DODIK | SENIOR VP CH Highest-paid employee | 40 | $187,621 | $34,777 |
| JAMES BUERGER | LENDER Officer | 50 | $167,679 | $38,921 |
| EDWARD GALLAGHER | SENIOR VP CH Highest-paid employee | 40 | $197,850 | $7,829 |
| ELIZABETH BENNETT | CFO ('24-'25 Officer | 45 | $180,091 | $12,309 |
| VEDER REDICK | VP COMMUNITY Highest-paid employee | 40 | $142,438 | $21,165 |
| ALBA FERNANDEZ | SEN VP/ LEND Highest-paid employee | 40 | $143,158 | $19,207 |
| LENIN AGUDO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JONATHAN BOWSER | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| NATALIA DOMINGUEZ BUCKLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARILYN BROWN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| SAMUEL T COOPER ESQ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DR GREGORY EDWARDS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CARLOS LOPEZ | BOARD MEMBER Trustee or director | 1 | $0 |
| R ERIC MENZER | BOARD MEMBER Trustee or director | 1 | $0 |
| LAWRENCE MCCOMIE | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| ABRAHAM PARDO | BOARD MEMBER Trustee or director | 1 | $0 |
| JENNIFER RODRIGUEZ | BOARD MEMBER Trustee or director | 1 | $0 |
| ROBERT TORRES | TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DANIEL BETANCOURT | PRESIDENT & Officer | 60 | $363,943 | $27,332 |
| JOAN BRODHEAD | CHIEF STRAT. Officer | 48 | $206,704 | $32,504 |
| JAMES BUERGER | LENDER Officer | 50 | $158,342 | $22,807 |
| LLOYD SHIELDS | INTERIM CFO Officer | 45 | $164,223 | $0 |
| ANTHONY PAPPION | CFO ('23-'24 Officer | 45 | $58,794 | $13,024 |
| ELIZABETH BENNETT | CFO ('24-'25 Officer | 45 | $9,176 | $0 |
| LENIN AGUDO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JONATHAN BOWSER | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| NATALIA DOMINGUEZ BUCKLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARILYN BROWN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| SAMUEL T COOPER ESQ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DR GREGORY EDWARDS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CARLOS LOPEZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| R ERIC MENZER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LAWRENCE MCCOMIE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ROBERT TORRES | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DANIEL BETANCOURT | PRESIDENT & Officer | 60 | $313,572 | $88,684 |
| ANTHONY PAPPION | CFO Officer | 45 | $182,938 | $12,328 |
| JOAN BRODHEAD | CHIEF STRAT. Officer | 48 | $177,389 | $9,451 |
| JAMES BUERGER | HOUSING AND Officer | 50 | $142,517 | $20,338 |
| CHRIS CASCIANO | VP SALES & O Highest-paid employee | 45 | $112,822 | $15,896 |
| DRAGAN DODIK | CHIEF LENDIN Highest-paid employee | 47 | $104,593 | $778 |
| LENIN AGUDO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JONATHAN BOWSER | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| NATALIA DOMINGUEZ BUCKLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARILYN BROWN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JOSHUA DRUCE | VP LOAN ADMI Trustee or director, Officer | 40 | $0 | $0 |
| JONATHAN ENCARNACION | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DR GREGORY EDWARDS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DANA HANCHIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SAMUEL T COOPER III | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CARLOS LOPEZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| R ERIC MENZER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LAWRENCE MCCOMIE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ROBERT TORRES | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| VINCE TSENG | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ELIZABETH BENNETT | CFO 1/1/2024 Officer | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 51 S DUKE ST, LANCASTER, PA 17602-3573
- Principal officer (990 for 2024)
- DANIEL BETANCOURT, 51 SOUTH DUKE STREET, STE 400, LANCASTER, PA 17602
- Signed the 990
- DARIO BELLOT, CFO ('25-'26)
- Phone
- (717) 393-2351
- Website
- WWW.COMMUNITYFIRSTFUND.ORG
- Return prepared by
- EMC CPAS LLC
Mission
TO PROMOTE COMMUNITY AND WORK-BASED ECONOMIC DEVELOPMENT. THE ORGANIZATION PROVIDES LOANS FOR COMMUNITY PROJECTS AND TECHNICAL ASSISTANCE TO HOUSING & ECONOMIC DEVELOPMENT PROJECTS THAT HAVE A DIRECT AND MEASURABLE BENEFIT TO LOW INCOME PERSONS AND CONTRIBUTE TO SOCIAL PROGRESS AND ECONOMIC DEVELOPMENT IN THE SOUTH CENTRAL PENNSYLVANIA REGION.
Program accomplishments
- COMMUNITY FIRST FUND PROMOTES COMMUNITY AND ECONOMIC DEVELOPMENT BY PROVIDING AFFORDABLE LOANS TO ENTITIES THROUGHOUT CENTRAL AND EASTERN PENNSYLVANIA, INCLUDING SMALL BUSINESSES, DEVELOPERS OF AFFORDABLE HOUSING, COMMUNITY-BASED ORGANIZATIONS, WOMEN, PEOPLE OF COLOR. DURING THE YEAR ENDING JUNE 30, 2025, THE ORGANIZATION CLOSED 348 NEW LOANS. THE ORGANIZATION FINANCED 424 HOUSING UNITS FOR LOW AND MODERATE INCOME INDIVIDUALS. THROUGH THE ORGANIZATIONS FINANCING EFFORTS, 3,312 JOBS WERE CREATED OR RETAINED, AND 1,234,212 SQUARE FEET OF BUSINESS REAL ESTATE WAS DEVELOPED OR REHABBED. IN MARCH 2020 IN RESPONSE TO THE COVID-19 PANDEMIC, THE ORGANIZATION SHIFTED ITS FOCUS TO PARTICIPATION IN AND PROMOTION OF VARIOUS GRANT AND LOAN PROGRAMS TO BUSINESSES LOCATED IN LOW-INCOME COMMUNITIES AND OWNED BY PEOPLE OF COLOR. BY JUNE 30, 2020, THE ORGANIZATION HAD DIRECTLY PROVIDED EMERGENCY FINANCIAL RELIEF IN THE FORM OF LOW-INTEREST LOANS TO 24 BUSINESSES AND HAD MANAGED THE PROGRAM TO FUND 461 SBA PAYCHECK PROTECTION PROGRAM LOANS TOTALING 15,784,735 THROUGH ITS SUBSIDIARY COMMUNITY FIRST CAPITAL CORP.Expenses $29,291,103 · grants $15,940,585 · revenue $9,971,298
- NEW MARKETS TAX CREDIT PROGRAM TO DATE THE ORGANIZATION WAS GRANTED 90 MILLION OF NEW MARKETS TAX CREDIT ALLOCATION FROM THE US TREASURY. THE ORGANIZATION HAS ENTERED INTO AGREEMENTS WITH INVESTOR MEMBERS TO FUND 14 NEW MARKETS TAX CREDIT PROJECTS THROUGHOUT CENTRAL AND EASTERN PA. EIGHT PROJECTS ARE REMAINING AT 6/30/2025.revenue $2,154,378
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-2689714
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1993
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L80Z)
- Assets (IRS master file)
- $175,119,412
- Income (IRS master file)
- $39,961,210
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $39,961,210 | $34,654,543 | $175,119,412 | XML |
| 990 | June 2024 | $22,595,432 | $14,738,819 | $146,347,142 | IRS |
| 990 | June 2023 | $17,328,667 | $13,047,440 | $124,298,152 | XML |
| 990 | June 2022 | $17,453,841 | $8,134,382 | $141,866,844 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-2689714).
Questions about COMMUNITY FIRST FUND
- What is the EIN of COMMUNITY FIRST FUND?
- The employer identification number (EIN) of COMMUNITY FIRST FUND is 23-2689714.
- Is COMMUNITY FIRST FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to COMMUNITY FIRST FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMMUNITY FIRST FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COMMUNITY FIRST FUND due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COMMUNITY FIRST FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of COMMUNITY FIRST FUND?
- The 990 for the year ended June 30, 2025 names DANIEL BETANCOURT.
- Who are the officers and directors of COMMUNITY FIRST FUND?
- The 990 for the year ended June 30, 2025 lists 21 people; 9 received compensation from the organization, the highest $385,375 (DANIEL BETANCOURT, PRESIDENT &).
- How much revenue does COMMUNITY FIRST FUND have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $39,961,210, expenses of $34,654,543 and total assets of $175,119,412 at year end.
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- SACA DEVELOPMENT CORPORATION EIN 23-2364586 · last filed 990 for 2025
- CHESTNUT HOUSING CORPORATION EIN 27-3292060 · last filed 990 for 2025
- JAYCEE-HDC INC EIN 23-7447614 · last filed 990 for 2025
- FINANTA COMMUNITY DEVELOPMENT CORPORATION EIN 46-3140210 · last filed 990-N for 2025
- R3 RECOVERY SERVICES INC EIN 87-3860178 · last filed 990 for 2025
- TENFOLD COMMUNITY LENDING EIN 23-2788924 · last filed 990 for 2025
- LANCASTER HOUSING FUND I EIN 99-4688475 · last filed 990 for 2025
All nonprofits in LANCASTER · Pennsylvania · Housing and shelter