Nonprofit · EIN 52-2101165
CITY FIRST ENTERPRISES INC
Tax-exempt · WASHINGTON, DC 20036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $9,698,626 | $8,979,733 | $718,893 | $86,322,884 | $54,752,318 | $31,570,566 |
| December 31, 2024 | 990 | $15,260,987 | $12,090,417 | $3,170,570 | $74,225,691 | $43,848,033 | $30,377,658 |
| December 31, 2023 | 990 | $21,464,449 | $20,222,093 | $1,242,356 | $68,106,525 | $41,017,234 | $27,089,291 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $4,863,768
- Program service revenue
- $0
- Investment income
- $4,519,400
- Other revenue
- $315,458
Expenses
- Grants and similar amounts paid
- $768,750
- Other salaries and wages
- $2,585,178
- Salaries, compensation and benefits (total)
- $3,042,356
- Professional fundraising fees
- $0
- Legal fees
- $7,518
- Accounting fees
- $132,393
- Occupancy
- $149,716
- Travel
- $21,889
- Depreciation
- $27,417
- Program services (functional)
- $8,244,945
- Management and general (functional)
- $523,269
- Fundraising (functional)
- $211,519
Balance sheet and other
- Total assets, start of year
- $74,225,691
- Total assets, end of year
- $86,322,884
- Total liabilities, end of year
- $54,752,318
- Net assets, end of year
- $31,570,566
- Land, buildings and equipment
- $25,133
- Publicly traded securities
- $6,377,646
- Net assets without donor restrictions
- $31,461,197
- Net assets with donor restrictions
- $109,369
- Gross receipts
- $9,698,626
- Employees
- 22
- Volunteers
- 0
- Year formed
- 1998
- 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 |
|---|---|---|---|
| OSWALDO ACOSTA | PRESIDENT AND CEO Highest-paid employee | 36 | $418,558 |
| RODRIGO CORDON | CHIEF OPERATING OFFICER Highest-paid employee | 40 | $234,382 |
| JONATHAN REYES | CHIEF LENDING OFFICER Highest-paid employee | 40 | $213,415 |
| STEPHANIE MEYER | CHIEF CREDIT OFFICER Highest-paid employee | 40 | $159,076 |
| ARISA KOYAMA | DIRECTOR OF IMPACT Highest-paid employee | 40 | $152,585 |
| DAVID MCGRADY | DIRECTOR Trustee or director | 1 | $0 |
| DR WILLIAM LONGBRAKE | DIRECTOR Trustee or director | 1 | $0 |
| PRIYA JAYACHANDRAN | DIRECTOR Trustee or director | 1 | $0 |
| LORI CHATMAN | DIRECTOR Trustee or director | 1 | $0 |
| AMBER BELL | DIRECTOR Trustee or director | 1 | $0 |
| ESTRELLA LUCERO | DIRECTOR Trustee or director | 1 | $0 |
| MUNEVVER YOLAS | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN ARGRETT | CHAIR OF THE BOARD Officer | 1 | $0 |
| SHANNON SCOTT | VICE-CHAIR OF THE BOARD & TREASURER Officer | 1 | $0 |
| MARY ANN DONOVAN | SECRETARY Officer | 1 | $0 |
990 for the year ended December 31, 2024: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| OSWALDO ACOSTA | PRESIDENT AND CHIEF EXECUTIVE OFFICER Highest-paid employee | 40 | $362,606 |
| RODRIGO CORDON | CHIEF OPERATING OFFICER Highest-paid employee | 40 | $191,461 |
| JONATHAN REYES | CHIEF LENDING OFFICER Highest-paid employee | 40 | $168,370 |
| SHANNON NYS | FORMER DIRECTOR OF FINANCE & ACCOUNTING Former | 40 | $157,447 |
| STEPHANIE MEYER | CHIEF CREDIT OFFICER Highest-paid employee | 40 | $148,242 |
| DR WILLIAM LONGBRAKE | DIRECTOR Trustee or director | 1 | $0 |
| CHUCK MUCKENFUSS | DIRECTOR Trustee or director | 1 | $0 |
| PRIYA JAYACHANDRAN | DIRECTOR Trustee or director | 1 | $0 |
| LORI CHATMAN | DIRECTOR Trustee or director | 1 | $0 |
| AMBER KUCHER BELL | DIRECTOR Trustee or director | 1 | $0 |
| ESTRELLA LUCERO | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN ARGRETT | CHAIRMAN OF THE BOARD Officer | 1 | $0 |
| DAVID MCGRADY | VICE-CHAIRMAN OF THE BOARD Officer | 1 | $0 |
| SHANNON SCOTT | TREASURER Officer | 1 | $0 |
| MARY ANN DONOVAN | SECRETARY Officer | 1 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| OSWALDO ACOSTA | PRESIDENT AND CHIEF EXECUTIVE OFFICER Highest-paid employee | 40 | $351,733 |
| RODRIGO CORDON | CHIEF OPERATING OFFICER Highest-paid employee | 40 | $161,750 |
| JONATHAN REYES | CHIEF LENDING OFFICER Highest-paid employee | 40 | $142,988 |
| SHANNA MCCLEARN | SR. DIRECTOR, PARTNERSHIPS AND STRATEGIC INITIATIV Highest-paid employee | 40 | $138,960 |
| STEPHANIE MEYER | CHIEF CREDIT OFFICER Highest-paid employee | 40 | $137,294 |
| ANNIE DONOVAN | DIRECTOR Trustee or director | 1 | $0 |
| PRIYA JAYACHANDRAN | DIRECTOR Trustee or director | 1 | $0 |
| LORI CHATMAN | DIRECTOR Trustee or director | 1 | $0 |
| AMBER KUCHAR-BELL | DIRECTOR Trustee or director | 1 | $0 |
| SHANNON SCOTT | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN ARGRETT | CHAIRMAN OF THE BOARD Officer | 1 | $0 |
| DAVID MCGRADY | VICE-CHAIRMAN OF THE BOARD Officer | 1 | $0 |
| DR WILLIAM LONGBRAKE | TREASURER Officer | 1 | $0 |
| CHUCK MUCKENFUSS | SECRETARY Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1701 RHODE ISLAND NW AVE FL 2, 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
- CFENTERPRISES.ORG
- Return prepared by
- NOVOGRADAC & COMPANY LLP
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.
Program accomplishments
- MANAGED PORTFOLIO OF DEPLOYED FUNDS IN SUBORDINATED LOANS TO NONPROFITS, SMALL BUSINESSES, GREEN ENERGY, 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.Expenses $8,244,945 · grants $768,750
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
- 52-2101165
- 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
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $86,322,884
- Income (IRS master file)
- $9,698,626
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $9,698,626 | $8,979,733 | $86,322,884 | XML |
| 990 | December 2024 | $15,260,987 | $12,090,417 | $74,225,691 | XML |
| 990 | December 2023 | $21,464,449 | $20,222,093 | $68,106,525 | XML |
| 990 | December 2022 | $55,549,555 | $50,790,211 | $60,726,218 | IRS |
| 990 | December 2021 | $41,161,285 | $40,988,291 | $50,642,589 | 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 52-2101165).
Questions about CITY FIRST ENTERPRISES INC
- What is the EIN of CITY FIRST ENTERPRISES INC?
- The employer identification number (EIN) of CITY FIRST ENTERPRISES INC is 52-2101165.
- Is CITY FIRST ENTERPRISES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to CITY FIRST ENTERPRISES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CITY FIRST ENTERPRISES 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 ENTERPRISES 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 ENTERPRISES 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 ENTERPRISES INC?
- The 990 for the year ended December 31, 2025 names OSWALDO ACOSTA.
- Who are the officers and directors of CITY FIRST ENTERPRISES INC?
- The 990 for the year ended December 31, 2025 lists 15 people; 5 received compensation from the organization, the highest $418,558 (OSWALDO ACOSTA, PRESIDENT AND CEO).
- How much revenue does CITY FIRST ENTERPRISES INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $9,698,626, expenses of $8,979,733 and total assets of $86,322,884 at year end.
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