City First Enterprises Inc

Organization Overview

City First Enterprises Inc is located in Washington, DC. The organization was established in 1998. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, City First Enterprises Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. City First Enterprises Inc 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 12/2021, City First Enterprises Inc generated $41.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 44.1% each year . All expenses for the organization totaled $41.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, City First Enterprises Inc has awarded 438 individual grants totaling $23,450,382. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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.


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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$39,826,094
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$39,826,094
Total Program Service Revenue$0
Investment income $970,713
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 $41,161,285

Grants Awarded

Over the last fiscal year, City First Enterprises Inc has awarded $22,860,137 in support to 430 organizations.

Grant RecipientAmount

1213 U ST LLC

PURPOSE: COVID-19 ASSISTANCE

$62,000

1110 U STREET LLC

PURPOSE: COVID-19 ASSISTANCE

$62,000

12G JJ SANDWICHES LLC

PURPOSE: COVID-19 ASSISTANCE

$62,000

1825 18TH HOSPITALITY LLC

PURPOSE: COVID-19 ASSISTANCE

$62,000

1418 12TH STREET LLC

PURPOSE: COVID-19 ASSISTANCE

$62,000

1201 K STREET STREET F&B TENANT LLC

PURPOSE: COVID-19 ASSISTANCE

$62,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that City First Enterprises Inc has recieved totaling $1,098,500.

Awarding OrganizationAmount
Capital Impact Partners

Arlington, VA

PURPOSE: OPEN FOR BUSINESS FUND AND ENTREPRENEURS OF COLOR

$723,500
Prosperity Now

Washington, DC

PURPOSE: TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION

$375,000
View Grant Recipient Profile

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