Nonprofit · EIN 26-2335395
CITY FIRST HOMES INC
Tax-exempt · WASHINGTON, DC 20036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,356,444 | $394,039 | $962,405 | $6,452,163 | $608,342 | $5,843,821 |
| December 31, 2024 | 990 | $1,620,949 | $773,021 | $847,928 | $6,723,367 | $1,841,951 | $4,881,416 |
| December 31, 2023 | 990 | $72,969 | $335,336 | -$262,367 | $7,035,465 | $3,001,977 | $4,033,488 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,139,952
- Program service revenue
- $0
- Investment income
- $199,572
- Other revenue
- $16,920
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $240,414
- Salaries, compensation and benefits (total)
- $280,255
- Professional fundraising fees
- $0
- Legal fees
- $1,000
- Accounting fees
- $10,537
- Occupancy
- $10,425
- Travel
- $248
- Program services (functional)
- $327,855
- Management and general (functional)
- $66,184
Balance sheet and other
- Total assets, start of year
- $6,723,367
- Total assets, end of year
- $6,452,163
- Total liabilities, end of year
- $608,342
- Net assets, end of year
- $5,843,821
- Net assets without donor restrictions
- $5,843,821
- Gross receipts
- $1,356,444
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2007
- State of legal domicile
- DC
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| OSWALDO ACOSTA | PRESIDENT AND CEO Trustee or director, Officer | 4 | $0 | $418,558 |
| DAVID MCGRADY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR WILLIAM LONGBRAKE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PRIYA JAYACHANDRAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LORI CHATMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMBER BELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ESTRELLA LUCERO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MUNEVVER YOLAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN ARGRETT | CHAIR OF THE BOARD Officer | 1 | $0 | $0 |
| SHANNON SCOTT | VICE-CHAIR OF THE BOARD & TREASURER Officer | 1 | $0 | $0 |
| MARY ANN DONOVAN | SECRETARY Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| OSWALDO ACOSTA | PRESIDENT AND CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 40 | $0 | $362,606 |
| DR WILLIAM LONGBRAKE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHUCK MUCKENFUSS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PRIYA JAYACHANDRAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LORI CHATMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMBER KUCHER BELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ESTRELLA LUCERO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN ARGRETT | CHAIRMAN OF THE BOARD Officer | 1 | $0 | $0 |
| DAVID MCGRADY | VICE-CHAIRMAN OF THE BOARD Officer | 1 | $0 | $0 |
| SHANNON SCOTT | TREASURER Officer | 1 | $0 | $0 |
| MARY ANN DONOVAN | SECRETARY Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| OSWALDO ACOSTA | PRESIDENT AND CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 40 | $0 | $351,733 |
| MARY ANN DONOVAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PRIYA JAYACHANDRAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LORI CHATMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMBER KUCHAR-BELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHANNON SCOTT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN ARGRETT | CHAIRMAN Officer | 1 | $0 | $0 |
| DAVID MCGRADY | VICE-CHAIRMAN Officer | 1 | $0 | $0 |
| DR WILLIAM LONGBRAKE | TREASURER Officer | 1 | $0 | $0 |
| CHUCK MUCKENFUSS | SECRETARY Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1701 RHODE ISLAND AVE NW 3-103, WASHINGTON, DC 20036-3001
- In care of
- % JAMIE TERRY
- Principal officer (990 for 2025)
- OSWALDO ACOSTA, 1701 RHODE ISLAND AVE NW STE 3-103, WASHINGTON, DC 20036
- Signed the 990
- OSWALDO ACOSTA, PRESIDENT & CEO
- Phone
- (202) 745-4490
- Website
- HOMESBYCFE.ORG
- Return prepared by
- NOVOGRADAC & COMPANY LLP
Mission
CITY FIRST HOMES (DBA HOMES BY CFE) INCREASES HOMEOWNERSHIP FOR LOW- TO MODERATE-INCOME HOUSEHOLDS, STRENGTHENING DISINVESTED COMMUNITIES AND HELPING TO BUILD GENERATIONAL WEALTH AND OPPORTUNITY.
Program accomplishments
- CITY FIRST HOMES (CFH) SUPPORTS AFFORDABLE HOUSING IN THE DISTRICT OF COLUMBIA AND MARYLAND. IN 2022 WE REBRANDED CFH AS "HOMES BY CFE AND LAUNCHED A SPECIAL PURPOSE CREDIT PROGRAM TO PROVIDE BORROWERS WITH ACCESS TO AFFORDABLE DOWN PAYMENT AND CLOSING COST ASSISTANCE.Expenses $327,855
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 26-2335395
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $6,452,163
- Income (IRS master file)
- $1,356,444
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,356,444 | $394,039 | $6,452,163 | XML |
| 990 | December 2024 | $1,620,949 | $773,021 | $6,723,367 | XML |
| 990 | December 2023 | $72,969 | $335,336 | $7,035,465 | XML |
| 990 | December 2022 | $589,290 | $304,305 | $4,426,453 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 26-2335395).
Questions about CITY FIRST HOMES INC
- What is the EIN of CITY FIRST HOMES INC?
- The employer identification number (EIN) of CITY FIRST HOMES INC is 26-2335395.
- Is CITY FIRST HOMES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to CITY FIRST HOMES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CITY FIRST HOMES INC 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 CITY FIRST HOMES INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CITY FIRST HOMES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CITY FIRST HOMES INC?
- The 990 for the year ended December 31, 2025 names OSWALDO ACOSTA.
- Who are the officers and directors of CITY FIRST HOMES INC?
- The 990 for the year ended December 31, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does CITY FIRST HOMES INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,356,444, expenses of $394,039 and total assets of $6,452,163 at year end.
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