Community First Capital Corp

Organization Overview

Community First Capital Corp is located in Lancaster, PA. The organization was established in 2005. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community First Capital Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Community First Capital Corp generated $474.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $297.4k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO MAKE LOANS AVAILABLE TO PERSONS LIVING, WORKING OR INTERESTED IN DEVELOPING DETERIORATED COMMUNITIES AND BUSINESSES LOCATED IN PA, CENTRAL PA AND THE SURROUNDING COMMUNITITES, TO CREATE JOBS AND AFFORDABLE HOUSING, AND TO PROVIDE BUSINESS COUNSELING, THEREBY REDUCING POVERTY AND REDUCING THE BURDENS OF GOVERNMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

COMMUNITY FIRST CAPITAL CORP MAKES COMMUNITY BUSINESS AND REDEVELOPMENT LOANS, INCLUDING LOANS THAT MAY BE GUARANTEED BY THE U.S. SMALL BUSINESS ADMINISTRATION (SBA). IN MARCH 2020 IN RESPONSE TO THE COVID-19 PANDEMIC, THE ORGANIZATION SHIFTED ITS EFFORTS TO PROMOTION OF THE SBA PAYCHECK PROTECTION PROGRAM (PPP) TO BUSINESSES LOCATED IN LOW-INCOME COMMUNITIES AND OWNED BY PEOPLE OF COLOR. AS OF JUNE 30, 2022, THE ORGANIZATION HAS 113 LOANS OUTSTANDING INCLUDING 18 PPP LOANS. THE TOTAL LOANS OUTSTANDING AT JUNE 30, 2022 IS 7,359,060 INCLUDING ACCRUED INTEREST AND LOAN FEES.


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Board, Officers & Key Employees

Name (title)Compensation
Anthony Pappion
Treasurer
$0
James Buerger
Assistant Se
$0
Michael Carper
President
$0
Christe Casciano
Vice Preside
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$474,502
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $474,502

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