2025-05-29T11:19:52-05:00 2024-12-31 943108253 NOVOGRADAC & COMPANY LLP 5 GREAT VALLEY PARKWAY SUITE 319 MALVERN PA 19355 990 2024-01-01 262335395 CITY FIRST HOMES INC CITY 2027454490 1701 RHODE ISLAND AVE NW 3-103 WASHINGTON DC 20036 OSWALDO ACOSTA PRESIDENT & CEO 2027454490 2025-05-29 1 1 DAYLE R DALLING P01695822 6102324810 2024 2025-03-06 01:10:19Z HOMES BY CFE OSWALDO ACOSTA 1701 RHODE ISLAND AVE NW STE 3-103 WASHINGTON DC 20036 1620949 0 X HOMESBYCFE.ORG X 2007 DC 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. 11 10 0 0 0 0 0 1360048 0 0 12370 171863 60599 89038 72969 1620949 28587 75781 0 0 0 509261 0 0 68629 306749 187979 335336 773021 -262367 847928 7035465 6723367 3001977 1841951 4033488 4881416 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. 0 0 554791 75781 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. 554791 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 X 11 10 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 DC X OSWALDO ACOSTA PRESIDENT AND CEO 2027454490 1701 RHODE ISLAND AVE NW STE 3-301 WASHINGTON DC 20036 OSWALDO ACOSTA PRESIDENT AND CHIEF EXECUTIVE OFFICER 40.00 0.00 X X 0 362606 0 DR WILLIAM LONGBRAKE DIRECTOR 1.00 0.00 X 0 0 0 CHUCK MUCKENFUSS DIRECTOR 1.00 0.00 X 0 0 0 PRIYA JAYACHANDRAN DIRECTOR 1.00 0.00 X 0 0 0 LORI CHATMAN DIRECTOR 1.00 0.00 X 0 0 0 AMBER KUCHER BELL DIRECTOR 1.00 0.00 X 0 0 0 ESTRELLA LUCERO DIRECTOR 1.00 0.00 X 0 0 0 BRIAN ARGRETT CHAIRMAN OF THE BOARD 1.00 0.00 X 0 0 0 DAVID MCGRADY VICE-CHAIRMAN OF THE BOARD 1.00 0.00 X 0 0 0 SHANNON SCOTT TREASURER 1.00 0.00 X 0 0 0 MARY ANN DONOVAN SECRETARY 1.00 0.00 X 0 0 0 0 362606 0 0 0 1 0 0 1360048 1360048 171863 171863 RESALE INCOME 900099 75000 75000 OTHER REVENUE 900099 14038 14038 89038 1620949 0 0 260901 X 75781 75781 431450 277468 97440 56542 43905 27969 10237 5699 33906 21531 7987 4388 5123 5123 12455 12455 88961 87954 7 1000 44244 21769 21475 1000 27007 27007 2762 2762 STAFF TRAINING 7427 7427 773021 554791 149601 68629 2801138 1702475 1500000 1500000 13049 66493 2719791 3453128 1487 1271 7035465 6723367 1799 54029 3000000 1639952 178 147970 3001977 1841951 X 4033488 4881416 4033488 4881416 7035465 6723367 847928 0 X X 0 1 X 1 0 X 971528 477000 1360048 2808576 971528 477000 1360048 2808576 2808576 39035 10161 2665 12370 171863 236094 3044670 0.92250 0.92480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 INTERCOMPANY PAYABLE 147791 ESCROW FUNDS HELD 179 147970 X PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). THE PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE ORGANIZATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE ORGANIZATION. THE ORGANIZATION HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAS MEASURED THE ORGANIZATION'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. ANY INTEREST OR PENALTIES ASSESSED TO THE ORGANIZATION ARE RECORDED IN OPERATING EXPENSES. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THIS RETURN. 0 0 0 0 0 0 0 0 0 OSWALDO ACOSTA PRESIDENT AND CHIEF EXECUTIVE OFFICE 0 315806 0 46800 0 0 0 0 0 0 0 362606 0 0 FORM 990, PART VI, SECTION A, LINE 2 BUSINESS RELATIONSHIP AT BROADWAY FINANCIAL CORPORATION - BRIAN ARGRETT, DAVID MCGRADY, MARY ANN DONOVAN, WILLIAM LONGBRAKE. BUSINESS RELATIONSHIP AT CITY FIRST ENTERPRISES INC. - OSWALDO ACOSTA, BRIAN ARGRETT, DAVID MCGRADY, SHANNON SCOTT, MARY ANN DONOVAN, WILLIAM LONGBRAKE, CHUCK MUCKENFUSS, PRIYA JAYACHANDRAN, LORI CHATMAN, AMBER KUCHER BELL, ESTRELLA LUCERO. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWS RETURN. CFE AUDIT COMMITTEE IS GIVEN A COPY OF RETURN TO REVIEW. AUDIT COMMITTEE SUBMITS COMMENTS TO MANAGEMENT. MANAGEMENT DISCUSSES RETURN WITH TAX PREPARER TO INCORPORATE ANY CHANGES; FINAL DRAFT PREPARED & DISCUSSED WITH AUDIT COMMITTEE. THE FINAL DRAFT, REFLECTING ANY NECESSARY CORRECTIONS, IS PROVIDED TO THE BOARD FOR REVIEW AND FINAL APPROVAL; THEN THE RETURN IS FILED BY THE PREPARER. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS FOR CONFLICT OF INTEREST ISSUES THAT ARE REFERRED TO ITS LAWYERS AS NEEDED. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWS COMPARABLE PAY DATA, CONSIDERS QUALIFICATIONS OF THE CANDIDATE(S) AND FORMALIZES ITS COMPENSATION DECISIONS THROUGH A FORMAL BOARD OF DIRECTORS VOTE THAT IS RECORDED IN BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 87,954. MANAGEMENT AND GENERAL EXPENSES 7. FUNDRAISING EXPENSES 1,000. TOTAL EXPENSES 88,961. FORM 990, PARI XII, LINE 2C CITY FIRST ENTERPRISES INC, WHICH IS THE SOLE MEMBER OF CITY FIRST HOMES INC., MAINTAINS AN AUDIT COMMITTEE THAT HAS THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT. CITY FIRST ENTERPRISES INC 1701 RHODE ISLAND AVE NW WASHINGTON DC 20036 522101165 TO PROMOTE COMMUNITY DEVELOPMENT BY PROVIDING AFFORDABLE HOUSING. DC 501(C)(3) 509(A)(2) N/A 0 BROADWAY FINANCIAL CORPORATION 5055 WILSHIRE BOULEVARD SUITE 500 LOS ANGELES CA 90036 954547287 BANK HOLDING COMPANY THAT CONDUCTS OPERATIONS THROUGH CITY FIRST BANK DC C 0.09300 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 CITY FIRST ENTERPRISES INC R 147791 CASH