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          <AddressLine1Txt>8500 PEA BLVD</AddressLine1Txt>
          <CityNm>DENVER</CityNm>
          <StateAbbreviationCd>CO</StateAbbreviationCd>
          <ZIPCd>80249</ZIPCd>
        </USAddress>
        <RecipientEIN>921992213</RecipientEIN>
        <CashGrantAmt>13000</CashGrantAmt>
        <PurposeOfGrantTxt>UNDERSERVED BUSINESS</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>KEMAFY LLC</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>600 17TH STREET</AddressLine1Txt>
          <CityNm>DENVER</CityNm>
          <StateAbbreviationCd>CO</StateAbbreviationCd>
          <ZIPCd>80202</ZIPCd>
        </USAddress>
        <RecipientEIN>990875561</RecipientEIN>
        <CashGrantAmt>12000</CashGrantAmt>
        <PurposeOfGrantTxt>UNDERSERVED BUSINESS</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>SB SERVICES INC</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>680 ATCHISON WAY</AddressLine1Txt>
          <CityNm>CASTLE ROCK</CityNm>
          <StateAbbreviationCd>CO</StateAbbreviationCd>
          <ZIPCd>80109</ZIPCd>
        </USAddress>
        <RecipientEIN>320754824</RecipientEIN>
        <CashGrantAmt>10000</CashGrantAmt>
        <PurposeOfGrantTxt>UNDERSERVED BUSINESS</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>LUCKEY STARS EARLY LEARNING CENTER</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>2464 MARQUETTE ST</AddressLine1Txt>
          <CityNm>FORT COLLINS</CityNm>
          <StateAbbreviationCd>CO</StateAbbreviationCd>
          <ZIPCd>80525</ZIPCd>
        </USAddress>
        <RecipientEIN>331430031</RecipientEIN>
        <CashGrantAmt>10000</CashGrantAmt>
        <PurposeOfGrantTxt>UNDERSERVED BUSINESS</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>GEOUPLIFT LLC</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>10383 COUNTY ROAD 15</AddressLine1Txt>
          <CityNm>DEL NORTE</CityNm>
          <StateAbbreviationCd>CO</StateAbbreviationCd>
          <ZIPCd>81132</ZIPCd>
        </USAddress>
        <RecipientEIN>331616258</RecipientEIN>
        <CashGrantAmt>10000</CashGrantAmt>
        <PurposeOfGrantTxt>UNDERSERVED BUSINESS</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>BLOOMING CONNECTIONS INC</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>5475 S FLAT ROCK WAY</AddressLine1Txt>
          <CityNm>AURORA</CityNm>
          <StateAbbreviationCd>CO</StateAbbreviationCd>
          <ZIPCd>80014</ZIPCd>
        </USAddress>
        <RecipientEIN>332823972</RecipientEIN>
        <CashGrantAmt>10000</CashGrantAmt>
        <PurposeOfGrantTxt>UNDERSERVED BUSINESS</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>DNVR AUTO LLC</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>12021 PENNSYLVANIA ST SUITE 206</AddressLine1Txt>
          <CityNm>THORNTON</CityNm>
          <StateAbbreviationCd>CO</StateAbbreviationCd>
          <ZIPCd>80241</ZIPCd>
        </USAddress>
        <RecipientEIN>923373739</RecipientEIN>
        <CashGrantAmt>10000</CashGrantAmt>
        <PurposeOfGrantTxt>UNDERSERVED BUSINESS</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>TORO FOOD CONCEPTS LLC</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>1018 E 11TH AVE</AddressLine1Txt>
          <CityNm>DENVER</CityNm>
          <StateAbbreviationCd>CO</StateAbbreviationCd>
          <ZIPCd>80218</ZIPCd>
        </USAddress>
        <RecipientEIN>923400044</RecipientEIN>
        <CashGrantAmt>10000</CashGrantAmt>
        <PurposeOfGrantTxt>UNDERSERVED BUSINESS</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>GOOD 2 GO TRUCKING LLC</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>20890 E 60TH AVE</AddressLine1Txt>
          <CityNm>AURORA</CityNm>
          <StateAbbreviationCd>CO</StateAbbreviationCd>
          <ZIPCd>80019</ZIPCd>
        </USAddress>
        <RecipientEIN>933235678</RecipientEIN>
        <CashGrantAmt>10000</CashGrantAmt>
        <PurposeOfGrantTxt>UNDERSERVED BUSINESS</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>ZION SELAH HOME HEALTHCARE AGENCY L</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>2821 S PARKER RD</AddressLine1Txt>
          <CityNm>AURORA</CityNm>
          <StateAbbreviationCd>CO</StateAbbreviationCd>
          <ZIPCd>80014</ZIPCd>
        </USAddress>
        <RecipientEIN>934074255</RecipientEIN>
        <CashGrantAmt>10000</CashGrantAmt>
        <PurposeOfGrantTxt>UNDERSERVED BUSINESS</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>STINGERS CAFE LTD</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>3415 COLORADO AVENUE</AddressLine1Txt>
          <CityNm>BOULDER</CityNm>
          <StateAbbreviationCd>CO</StateAbbreviationCd>
          <ZIPCd>80303</ZIPCd>
        </USAddress>
        <RecipientEIN>993281327</RecipientEIN>
        <CashGrantAmt>10000</CashGrantAmt>
        <PurposeOfGrantTxt>UNDERSERVED BUSINESS</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>ZEPHYR BEHAVIORAL HEALTH AND WELLNE</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>6200 S SYRACUSE WAY</AddressLine1Txt>
          <CityNm>GREENWOOD VILLAGE</CityNm>
          <StateAbbreviationCd>CO</StateAbbreviationCd>
          <ZIPCd>80111</ZIPCd>
        </USAddress>
        <RecipientEIN>993471825</RecipientEIN>
        <CashGrantAmt>10000</CashGrantAmt>
        <PurposeOfGrantTxt>UNDERSERVED BUSINESS</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>ALPENGLOW BOOKS LLC</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>720 GRAND AVE</AddressLine1Txt>
          <CityNm>GLENWOOD SPRINGS</CityNm>
          <StateAbbreviationCd>CO</StateAbbreviationCd>
          <ZIPCd>81601</ZIPCd>
        </USAddress>
        <RecipientEIN>993713244</RecipientEIN>
        <CashGrantAmt>10000</CashGrantAmt>
        <PurposeOfGrantTxt>UNDERSERVED BUSINESS</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>APRES SAUNA LLC</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>1616 S BROADWAY UNIT 303</AddressLine1Txt>
          <CityNm>DENVER</CityNm>
          <StateAbbreviationCd>CO</StateAbbreviationCd>
          <ZIPCd>80210</ZIPCd>
        </USAddress>
        <RecipientEIN>994736691</RecipientEIN>
        <CashGrantAmt>10000</CashGrantAmt>
        <PurposeOfGrantTxt>UNDERSERVED BUSINESS</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>NILHAS AVIATION LLC</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>7507 CO RD 39</AddressLine1Txt>
          <CityNm>FORT LUPTON</CityNm>
          <StateAbbreviationCd>CO</StateAbbreviationCd>
          <ZIPCd>80621</ZIPCd>
        </USAddress>
        <RecipientEIN>994355880</RecipientEIN>
        <CashGrantAmt>9000</CashGrantAmt>
        <PurposeOfGrantTxt>UNDERSERVED BUSINESS</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>A CHILD'S SONG INC</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>12301 GRANT ST</AddressLine1Txt>
          <CityNm>THORNTON</CityNm>
          <StateAbbreviationCd>CO</StateAbbreviationCd>
          <ZIPCd>80241</ZIPCd>
        </USAddress>
        <RecipientEIN>841510927</RecipientEIN>
        <CashGrantAmt>7200</CashGrantAmt>
        <PurposeOfGrantTxt>SMALL BIZ GROWTH</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>NEXTLEVELUP LLC</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>5373 N UNION BLVD STE 104</AddressLine1Txt>
          <CityNm>COLORADO SPRINGS</CityNm>
          <StateAbbreviationCd>CO</StateAbbreviationCd>
          <ZIPCd>80918</ZIPCd>
        </USAddress>
        <RecipientEIN>881211966</RecipientEIN>
        <CashGrantAmt>7200</CashGrantAmt>
        <PurposeOfGrantTxt>SMALL BIZ GROWTH</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>TREEHOUSE CAFE COS LLC</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>5965 N ACADEMY BLVD SUITE 203</AddressLine1Txt>
          <CityNm>COLORADO SPRINGS</CityNm>
          <StateAbbreviationCd>CO</StateAbbreviationCd>
          <ZIPCd>80918</ZIPCd>
        </USAddress>
        <RecipientEIN>933384019</RecipientEIN>
        <CashGrantAmt>7200</CashGrantAmt>
        <PurposeOfGrantTxt>SMALL BIZ GROWTH</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>TABULA RASA COUNSELING PLLC</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>3955 E EXPOSITION AVE</AddressLine1Txt>
          <CityNm>DENVER</CityNm>
          <StateAbbreviationCd>CO</StateAbbreviationCd>
          <ZIPCd>80209</ZIPCd>
        </USAddress>
        <RecipientEIN>931453369</RecipientEIN>
        <CashGrantAmt>7000</CashGrantAmt>
        <PurposeOfGrantTxt>UNDERSERVED BUSINESS</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>GOLD STAR HOME HEALTH CARE LLC</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>8069 YELLOWLEAF PL</AddressLine1Txt>
          <CityNm>COLORADO SPRINGS</CityNm>
          <StateAbbreviationCd>CO</StateAbbreviationCd>
          <ZIPCd>80908</ZIPCd>
        </USAddress>
        <RecipientEIN>994222827</RecipientEIN>
        <CashGrantAmt>6250</CashGrantAmt>
        <PurposeOfGrantTxt>SMALL BIZ GROWTH</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>VOXY BONNIE LLC</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>10106 WEST SAN JUAN WAY</AddressLine1Txt>
          <CityNm>LITTLETON</CityNm>
          <StateAbbreviationCd>CO</StateAbbreviationCd>
          <ZIPCd>80127</ZIPCd>
        </USAddress>
        <RecipientEIN>333262562</RecipientEIN>
        <CashGrantAmt>6090</CashGrantAmt>
        <PurposeOfGrantTxt>UNDERSERVED BUSINESS</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>D&amp;C FINANCIAL SERVICES LLC</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>685 BRIGGS STREET</AddressLine1Txt>
          <CityNm>ERIE</CityNm>
          <StateAbbreviationCd>CO</StateAbbreviationCd>
          <ZIPCd>80516</ZIPCd>
        </USAddress>
        <RecipientEIN>853274826</RecipientEIN>
        <CashGrantAmt>6000</CashGrantAmt>
        <PurposeOfGrantTxt>UNDERSERVED BUSINESS</PurposeOfGrantTxt>
      </RecipientTable>
      <TotalOtherOrgCnt>24</TotalOtherOrgCnt>
      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>SMALL BUSINESS GROWTH</GrantTypeTxt>
        <RecipientCnt>8</RecipientCnt>
        <CashGrantAmt>28622</CashGrantAmt>
      </GrantsOtherAsstToIndivInUSGrp>
      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>UNDERSERVED BUSINESS</GrantTypeTxt>
        <RecipientCnt>16</RecipientCnt>
        <CashGrantAmt>85112</CashGrantAmt>
      </GrantsOtherAsstToIndivInUSGrp>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE I, PAGE 1, PART I, LINE 2</FormAndLineReferenceDesc>
        <ExplanationTxt>IN FISCAL 2025, CEF RECEIVED RELIEF FUNDING WHICH WAS DISBURSED IN THE FORM OF GRANTS TO BENEFICIARY BUSINESSES.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleI>
    <IRS990ScheduleJ documentId="RetDoc6">
      <CompensationCommitteeInd>X</CompensationCommitteeInd>
      <Form990OfOtherOrganizationsInd>X</Form990OfOtherOrganizationsInd>
      <CompensationSurveyInd>X</CompensationSurveyInd>
      <BoardOrCommitteeApprovalInd>X</BoardOrCommitteeApprovalInd>
      <SeverancePaymentInd>false</SeverancePaymentInd>
      <SupplementalNonqualRtrPlanInd>false</SupplementalNonqualRtrPlanInd>
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      <CompBasedOnRevenueOfFlngOrgInd>false</CompBasedOnRevenueOfFlngOrgInd>
      <CompBsdOnRevRelatedOrgsInd>false</CompBsdOnRevRelatedOrgsInd>
      <CompBsdNetEarnsFlngOrgInd>false</CompBsdNetEarnsFlngOrgInd>
      <CompBsdNetEarnsRltdOrgsInd>false</CompBsdNetEarnsRltdOrgsInd>
      <AnyNonFixedPaymentsInd>false</AnyNonFixedPaymentsInd>
      <InitialContractExceptionInd>false</InitialContractExceptionInd>
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        <PersonNm>CECILIA PRINSTER</PersonNm>
        <TitleTxt>PRESIDENT AND CEO</TitleTxt>
        <BaseCompensationFilingOrgAmt>309514</BaseCompensationFilingOrgAmt>
        <BonusFilingOrganizationAmount>76083</BonusFilingOrganizationAmount>
        <DeferredCompensationFlngOrgAmt>12568</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>1845</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>400010</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>NIM PATEL</PersonNm>
        <TitleTxt>COO</TitleTxt>
        <BaseCompensationFilingOrgAmt>259703</BaseCompensationFilingOrgAmt>
        <BonusFilingOrganizationAmount>51083</BonusFilingOrganizationAmount>
        <DeferredCompensationFlngOrgAmt>11509</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>931</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>323226</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>LUKE ANDERSON</PersonNm>
        <TitleTxt>CFO</TitleTxt>
        <BaseCompensationFilingOrgAmt>200738</BaseCompensationFilingOrgAmt>
        <BonusFilingOrganizationAmount>1083</BonusFilingOrganizationAmount>
        <DeferredCompensationFlngOrgAmt>5491</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>13020</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>220332</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>LEWIS HAGLER</PersonNm>
        <TitleTxt>DIR BUSINESS DEVELOP</TitleTxt>
        <BaseCompensationFilingOrgAmt>132538</BaseCompensationFilingOrgAmt>
        <BonusFilingOrganizationAmount>11083</BonusFilingOrganizationAmount>
        <DeferredCompensationFlngOrgAmt>5435</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>8299</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>157355</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>ALAN RAMIREZ</PersonNm>
        <TitleTxt>DIR OF STRAT LENDING</TitleTxt>
        <BaseCompensationFilingOrgAmt>119806</BaseCompensationFilingOrgAmt>
        <BonusFilingOrganizationAmount>5583</BonusFilingOrganizationAmount>
        <DeferredCompensationFlngOrgAmt>3762</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>23859</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>153010</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE J, PART III</FormAndLineReferenceDesc>
        <ExplanationTxt>PART I, LINE 3 - THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS ANNUALLY PERFORMS A COMPENSATION REVIEW FOR THE CEO AND APPROVES THE CEO'S TOTAL COMPENSATION (SALARY, BONUS, AND BENEFITS). THE REVIEW IS INFORMED BY INDUSTRY COMPENSATION SURVEY DATA.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleJ>
    <IRS990ScheduleO documentId="RetDoc7">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>A COPY OF THE FORM 990 WAS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY FOR REVIEW AND APPROVAL PRIOR TO BEING FILED.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BOARD OF DIRECTORS ARE REGULARLY REMINDED OF THEIR RESPONSIBLITY TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST AND ARE EXPECTED TO RECUSE THEMSELVES FROM ANY DECISION MAKING IF THERE IS AN ACTUAL CONFLICT OF INTEREST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS ANNUALLY PERFORMS A COMPENSATION REVIEW FOR THE CEO, AND APPROVES THE CEO'S TOTAL COMPENSATION (SALARY, BONUS, &amp; BENEFITS). THE REVIEW IS INFORMED BY INDUSTRY COMPENSATION SURVEY DATA.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 12, PART XII, LINE 2C</FormAndLineReferenceDesc>
        <ExplanationTxt>LINE 2C - THE FINANCE AND AUDIT COMMITTEE IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND HAS FINAL APPROVAL ON THE SELECTION OF AN INDEPENDENT AUDITOR. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
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        <RelatedOrganizationName>
          <BusinessNameLine1Txt>CEF SUB-CDE 1 LLC</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <USAddress>
          <AddressLine1Txt>1888 SHERMAN STREET SUITE 530</AddressLine1Txt>
          <CityNm>DENVER</CityNm>
          <StateAbbreviationCd>CO</StateAbbreviationCd>
          <ZIPCd>80203</ZIPCd>
        </USAddress>
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        <PrimaryActivitiesTxt>NMTC</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>CO</LegalDomicileStateCd>
        <DirectControllingEntityName>
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        </DirectControllingEntityName>
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        <ShareOfEOYAssetsAmt>1343</ShareOfEOYAssetsAmt>
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        <GeneralOrManagingPartnerInd>true</GeneralOrManagingPartnerInd>
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      <IdRelatedOrgTxblPartnershipGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>CEF SUB-CDE 2 LLC</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <USAddress>
          <AddressLine1Txt>1888 SHERMAN STREET SUITE 530</AddressLine1Txt>
          <CityNm>DENVER</CityNm>
          <StateAbbreviationCd>CO</StateAbbreviationCd>
          <ZIPCd>80203</ZIPCd>
        </USAddress>
        <EIN>811907858</EIN>
        <PrimaryActivitiesTxt>INVESTMENT</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>CO</LegalDomicileStateCd>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>CEF</BusinessNameLine1Txt>
        </DirectControllingEntityName>
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        <GeneralOrManagingPartnerInd>true</GeneralOrManagingPartnerInd>
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      </IdRelatedOrgTxblPartnershipGrp>
      <IdRelatedOrgTxblPartnershipGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>CEF SUB-CDE 3 LLC</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <USAddress>
          <AddressLine1Txt>1888 SHERMAN STREET SUITE 530</AddressLine1Txt>
          <CityNm>DENVER</CityNm>
          <StateAbbreviationCd>CO</StateAbbreviationCd>
          <ZIPCd>80203</ZIPCd>
        </USAddress>
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        <LegalDomicileStateCd>CO</LegalDomicileStateCd>
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        </USAddress>
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        <DisproportionateAllocationsInd>false</DisproportionateAllocationsInd>
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          <CityNm>DENVER</CityNm>
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        <EIN>920769183</EIN>
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        <ShareOfTotalIncomeAmt>32006</ShareOfTotalIncomeAmt>
        <ShareOfEOYAssetsAmt>945</ShareOfEOYAssetsAmt>
        <DisproportionateAllocationsInd>false</DisproportionateAllocationsInd>
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      <IdRelatedOrgTxblPartnershipGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>CEF SUB-CDE 11 LLC</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <USAddress>
          <AddressLine1Txt>1888 SHERMAN STREET SUITE 530</AddressLine1Txt>
          <CityNm>DENVER</CityNm>
          <StateAbbreviationCd>CO</StateAbbreviationCd>
          <ZIPCd>80203</ZIPCd>
        </USAddress>
        <EIN>920780029</EIN>
        <PrimaryActivitiesTxt>NMTC</PrimaryActivitiesTxt>
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        <DirectControllingEntityName>
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        <ShareOfTotalIncomeAmt>51429</ShareOfTotalIncomeAmt>
        <ShareOfEOYAssetsAmt>1189</ShareOfEOYAssetsAmt>
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        <RelatedOrganizationName>
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        <EIN>920801975</EIN>
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          <CityNm>DENVER</CityNm>
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        </USAddress>
        <EIN>992622218</EIN>
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        <ShareOfTotalIncomeAmt>23310</ShareOfTotalIncomeAmt>
        <ShareOfEOYAssetsAmt>1096</ShareOfEOYAssetsAmt>
        <DisproportionateAllocationsInd>false</DisproportionateAllocationsInd>
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      <IdRelatedOrgTxblPartnershipGrp>
        <RelatedOrganizationName>
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        <USAddress>
          <AddressLine1Txt>1888 SHERMAN STREET SUITE 530</AddressLine1Txt>
          <CityNm>DENVER</CityNm>
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          <ZIPCd>80203</ZIPCd>
        </USAddress>
        <EIN>992653486</EIN>
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        <LegalDomicileStateCd>CO</LegalDomicileStateCd>
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        <ShareOfTotalIncomeAmt>31071</ShareOfTotalIncomeAmt>
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      <GiftGrntOrCapContriToOthOrgInd>false</GiftGrntOrCapContriToOthOrgInd>
      <GiftGrntCapContriFromOthOrgInd>false</GiftGrntCapContriFromOthOrgInd>
      <LoansOrGuaranteesToOtherOrgInd>false</LoansOrGuaranteesToOtherOrgInd>
      <LoansOrGuaranteesFromOthOrgInd>false</LoansOrGuaranteesFromOthOrgInd>
      <DivRelatedOrganizationInd>false</DivRelatedOrganizationInd>
      <AssetSaleToOtherOrgInd>false</AssetSaleToOtherOrgInd>
      <AssetPurchaseFromOtherOrgInd>false</AssetPurchaseFromOtherOrgInd>
      <AssetExchangeInd>false</AssetExchangeInd>
      <RentalOfFacilitiesToOthOrgInd>false</RentalOfFacilitiesToOthOrgInd>
      <RentalOfFcltsFromOthOrgInd>false</RentalOfFcltsFromOthOrgInd>
      <PerformOfServicesForOthOrgInd>false</PerformOfServicesForOthOrgInd>
      <PerformOfServicesByOtherOrgInd>false</PerformOfServicesByOtherOrgInd>
      <SharingOfFacilitiesInd>false</SharingOfFacilitiesInd>
      <PaidEmployeesSharingInd>false</PaidEmployeesSharingInd>
      <ReimbursementPaidToOtherOrgInd>false</ReimbursementPaidToOtherOrgInd>
      <ReimbursementPaidByOtherOrgInd>false</ReimbursementPaidByOtherOrgInd>
      <TransferToOtherOrgInd>false</TransferToOtherOrgInd>
      <TransferFromOtherOrgInd>false</TransferFromOtherOrgInd>
    </IRS990ScheduleR>
  </ReturnData>
</Return>