Totals
- Total revenue
- $39,961,210
- Total expenses
- $34,654,543
- Contributions and grants received
- $27,835,534
- Grants paid
- $15,940,585
- Program service revenue
- $12,125,676
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $175,119,412
- Total liabilities, end of year
- $116,102,833
- Net assets or fund balances, end of year
- $59,016,579
- Program services expenses (Part IX)
- $29,291,103
- Management and general expenses
- $4,267,968
- Fundraising expenses
- $1,095,472
- Program service expenses (Part III)
- $29,291,103
Program services were 84.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$11,547,800
-
1f · All other contributions, gifts and grants
$16,287,734
-
2a · Program service revenue: INTEREST INCOME
total $8,035,938 · related or exempt $8,035,938
-
2b · Program service revenue: NEW MARKET TAX CREDIT
total $2,154,378 · related or exempt $2,154,378
-
2c · Program service revenue: LOAN AND SERVICE FEES
total $1,057,100 · related or exempt $1,057,100
-
2d · Program service revenue: OTHER
total $878,260 · related or exempt $878,260
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $15,940,585 · program services $15,940,585
-
7 · Other salaries and wages
total $7,958,705 · program services $6,897,010 · management and general $449,669 · fundraising $612,026
-
9 · Other employee benefits
total $1,536,376 · program services $1,329,273 · management and general $87,727 · fundraising $119,376
-
10 · Payroll taxes
total $617,368 · program services $534,147 · management and general $35,251 · fundraising $47,970
-
11b · Fees: legal
total $411,255 · program services $121,320 · management and general $289,935
-
11g · Fees: other
total $816,738 · program services $240,937 · management and general $575,801
-
12 · Advertising and promotion
total $226,016 · program services $113,009 · management and general $45,203 · fundraising $67,804
-
13 · Office expenses
total $840,146 · program services $690,505 · management and general $59,604 · fundraising $90,037
-
16 · Occupancy
total $746,481 · program services $645,856 · management and general $42,624 · fundraising $58,001
-
17 · Travel
total $226,461 · program services $195,934 · management and general $12,931 · fundraising $17,596
-
19 · Conferences, conventions and meetings
total $149,793 · program services $74,896 · management and general $29,959 · fundraising $44,938
-
20 · Interest
total $2,611,541 · management and general $2,611,541
-
22 · Depreciation, depletion and amortization
total $297,661 · program services $257,534 · management and general $16,998 · fundraising $23,129
-
23 · Insurance
total $103,271 · program services $89,350 · management and general $5,897 · fundraising $8,024
-
24a · Other expenses: LOAN LOSS PROVISION
total $1,567,573 · program services $1,567,573
-
24b · Other expenses: FILING FEES
total $235,314 · program services $235,314
-
24c · Other expenses: MISCELLANEOUS
total $177,154 · program services $177,154
-
24d · Other expenses: BANK FEES
total $107,535 · program services $107,535
-
24e · All other expenses
total $84,570 · program services $73,171 · management and general $4,828 · fundraising $6,571
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $17,010,454 · end of year $30,688,190
-
2 · Savings and temporary cash investments
beginning of year $2,804,631 · end of year $449,946
-
3 · Pledges and grants receivable
beginning of year $667,444 · end of year $1,230,245
-
4 · Accounts receivable
beginning of year $10,760,770 · end of year $10,373,706
-
7 · Other notes and loans receivable
beginning of year $103,003,354 · end of year $116,419,426
-
9 · Prepaid expenses and deferred charges
beginning of year $224,937 · end of year $439,419
-
10a · Land, buildings and equipment: cost or other basis
$10,108,102
-
10b · Land, buildings and equipment: accumulated depreciation
$1,392,301
-
10c · Land, buildings and equipment, net
beginning of year $8,078,097 · end of year $8,715,801
-
13 · Investments: program-related
beginning of year $3,509,107 · end of year $6,573,217
-
15 · Other assets
beginning of year $288,348 · end of year $229,462
-
17 · Accounts payable and accrued expenses
beginning of year $1,817,364 · end of year $1,847,638
-
18 · Grants payable
beginning of year $1,862,501 · end of year $1,112,500
-
19 · Deferred revenue
beginning of year $42,549 · end of year $11,020,434
-
23 · Secured mortgages and notes payable
beginning of year $60,085,035 · end of year $74,668,292
-
25 · Other liabilities
beginning of year $27,215,143 · end of year $27,453,969
-
27 · Net assets without donor restrictions
beginning of year $55,041,404 · end of year $58,733,433
-
28 · Net assets with donor restrictions
beginning of year $283,146 · end of year $283,146
Mission and programs · 2024
Mission
TO PROMOTE COMMUNITY AND WORK-BASED ECONOMIC DEVELOPMENT. THE ORGANIZATION PROVIDES LOANS FOR COMMUNITY PROJECTS AND TECHNICAL ASSISTANCE TO HOUSING & ECONOMIC DEVELOPMENT PROJECTS THAT HAVE A DIRECT AND MEASURABLE BENEFIT TO LOW INCOME PERSONS AND CONTRIBUTE TO SOCIAL PROGRESS AND ECONOMIC DEVELOPMENT IN THE SOUTH CENTRAL PENNSYLVANIA REGION.
Activities or mission (Part I)
TO PROVIDE LOANS AND TECHNICAL ASSISTANCE TO HOUSING & ECONOMIC DEVELOPMENT PROJECTS THAT HAVE A DIRECT AND MEASURABLE BENEFIT FOR LOW INCOME PERSONS AND CONTRIBUTE TO SOCIAL PROGRESS AND ECONOMIC DEVELOPMENT.
-
COMMUNITY FIRST FUND PROMOTES COMMUNITY AND ECONOMIC DEVELOPMENT BY PROVIDING AFFORDABLE LOANS TO ENTITIES THROUGHOUT CENTRAL AND EASTERN PENNSYLVANIA, INCLUDING SMALL BUSINESSES, DEVELOPERS OF AFFORDABLE HOUSING, COMMUNITY-BASED ORGANIZATIONS, WOMEN, PEOPLE OF COLOR. DURING THE YEAR ENDING JUNE 30, 2025, THE ORGANIZATION CLOSED 348 NEW LOANS. THE ORGANIZATION FINANCED 424 HOUSING UNITS FOR LOW AND MODERATE INCOME INDIVIDUALS. THROUGH THE ORGANIZATIONS FINANCING EFFORTS, 3,312 JOBS WERE CREATED OR RETAINED, AND 1,234,212 SQUARE FEET OF BUSINESS REAL ESTATE WAS DEVELOPED OR REHABBED. IN MARCH 2020 IN RESPONSE TO THE COVID-19 PANDEMIC, THE ORGANIZATION SHIFTED ITS FOCUS TO PARTICIPATION IN AND PROMOTION OF VARIOUS GRANT AND LOAN PROGRAMS TO BUSINESSES LOCATED IN LOW-INCOME COMMUNITIES AND OWNED BY PEOPLE OF COLOR. BY JUNE 30, 2020, THE ORGANIZATION HAD DIRECTLY PROVIDED EMERGENCY FINANCIAL RELIEF IN THE FORM OF LOW-INTEREST LOANS TO 24 BUSINESSES AND HAD MANAGED THE PROGRAM TO FUND 461 SBA PAYCHECK PROTECTION PROGRAM LOANS TOTALING 15,784,735 THROUGH ITS SUBSIDIARY COMMUNITY FIRST CAPITAL CORP.
Expenses $29,291,103 · Grants $15,940,585 · Revenue $9,971,298
-
NEW MARKETS TAX CREDIT PROGRAM TO DATE THE ORGANIZATION WAS GRANTED 90 MILLION OF NEW MARKETS TAX CREDIT ALLOCATION FROM THE US TREASURY. THE ORGANIZATION HAS ENTERED INTO AGREEMENTS WITH INVESTOR MEMBERS TO FUND 14 NEW MARKETS TAX CREDIT PROJECTS THROUGHOUT CENTRAL AND EASTERN PA. EIGHT PROJECTS ARE REMAINING AT 6/30/2025.
Revenue $2,154,378
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Daniel BetancourtDANIEL BETANCOURT
PRESIDENT &
- Total calculated
- $428,184
- From this org
- $385,375
- From related orgs
- $0
- Other
- $42,809
- Hours/week
- 60 + 1 related
Schedule J breakdown matched by us
- Base
- $385,375
- Bonus
- not reported
- Other
- not reported
- Deferred
- $30,500
- Nontaxable benefits
- $12,309
- Filer's total
- $428,184
-
Jonathan EncarnacionJONATHAN ENCARNACION
SENIOR VP CH
- Total calculated
- $251,317
- From this org
- $206,465
- From related orgs
- $0
- Other
- $44,852
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $206,465
- Bonus
- not reported
- Other
- not reported
- Deferred
- $30,500
- Nontaxable benefits
- $14,352
- Filer's total
- $251,317
-
Joan BrodheadJOAN BRODHEAD
CHIEF STRAT.
- Total calculated
- $237,751
- From this org
- $208,549
- From related orgs
- $0
- Other
- $29,202
- Hours/week
- 48 + 1 related
Schedule J breakdown matched by us
- Base
- $208,549
- Bonus
- not reported
- Other
- not reported
- Deferred
- $4,472
- Nontaxable benefits
- $24,730
- Filer's total
- $237,751
-
Dragan DodikDRAGAN DODIK
SENIOR VP CH
- Total calculated
- $222,398
- From this org
- $187,621
- From related orgs
- $0
- Other
- $34,777
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $187,621
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $34,777
- Filer's total
- $222,398
-
James BuergerJAMES BUERGER
LENDER
- Total calculated
- $206,600
- From this org
- $167,679
- From related orgs
- $0
- Other
- $38,921
- Hours/week
- 50 + 1 related
Schedule J breakdown matched by us
- Base
- $167,679
- Bonus
- not reported
- Other
- not reported
- Deferred
- $24,569
- Nontaxable benefits
- $14,352
- Filer's total
- $206,600
-
Edward GallagherEDWARD GALLAGHER
SENIOR VP CH
- Total calculated
- $205,679
- From this org
- $197,850
- From related orgs
- $0
- Other
- $7,829
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $197,850
- Bonus
- not reported
- Other
- not reported
- Deferred
- $7,829
- Nontaxable benefits
- not reported
- Filer's total
- $205,679
-
Elizabeth BennettELIZABETH BENNETT
CFO ('24-'25
- Total calculated
- $192,400
- From this org
- $180,091
- From related orgs
- $0
- Other
- $12,309
- Hours/week
- 45 + 1 related
Schedule J breakdown matched by us
- Base
- $180,091
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $12,309
- Filer's total
- $192,400
-
Veder RedickVEDER REDICK
VP COMMUNITY
- Total calculated
- $163,603
- From this org
- $142,438
- From related orgs
- $0
- Other
- $21,165
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $142,438
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $21,165
- Filer's total
- $163,603
-
Alba FernandezALBA FERNANDEZ
SEN VP/ LEND
- Total calculated
- $162,365
- From this org
- $143,158
- From related orgs
- $0
- Other
- $19,207
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $143,158
- Bonus
- not reported
- Other
- not reported
- Deferred
- $6,898
- Nontaxable benefits
- $12,309
- Filer's total
- $162,365
-
Lenin AgudoLENIN AGUDO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jonathan BowserJONATHAN BOWSER
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Natalia Dominguez BuckleyNATALIA DOMINGUEZ BUCKLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Marilyn BrownMARILYN BROWN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Samuel T Cooper EsqSAMUEL T COOPER ESQ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dr Gregory EdwardsDR GREGORY EDWARDS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Carlos LopezCARLOS LOPEZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
R Eric MenzerR ERIC MENZER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Lawrence McComieLAWRENCE MCCOMIE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Abraham PardoABRAHAM PARDO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jennifer RodriguezJENNIFER RODRIGUEZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Robert TorresROBERT TORRES
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
COMMUNITY FIRST FUND FEDERAL CREDIT
$15,940,585
FUNDING
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501C3 · SBA LOANS · PA
Directly controlled by COMMUNITY FIRST FUND
-
501C3 · LOANS · PA
Directly controlled by COMMUNTY FIRST FUND
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
CFF SUB CDE 9 LLC
RELATED · NMTC · PA · share of income $35 · general or managing partner
Directly controlled by CFF SUB CDE 9 LLC
-
CFF SUB CDE 10 LLC
RELATED · NMTC · PA · share of income $41 · general or managing partner
Directly controlled by CFF SUB CDE 10 LLC
-
CFF SUB CDE 12 LLC
RELATED · NMTC · PA · share of income $33 · general or managing partner
Directly controlled by CFF SUB CDE 12 LLC
-
CFF SUB CDE 13 LLC
RELATED · NMTC · PA · share of income -$19 · share of assets $97 · general or managing partner
Directly controlled by CFF SUB CDE 13 LLC
-
CFF SUB CDE 14 LLC
RELATED · NMTC · PA · share of income $3 · share of assets $975 · general or managing partner
Directly controlled by CFF SUB CDE 14 LLC
-
CFF SUB CDE 15 LLC
RELATED · NMTC · PA · share of income $2 · share of assets $599 · general or managing partner
Directly controlled by CFF SUB CDE 15 LLC
-
CFF SUB CDE 16 LLC
RELATED · NMTC · PA · share of income $1 · share of assets $600 · general or managing partner
Directly controlled by CFF SUB CDE 16 LLC
-
CFF SUB CDE 17 LLC
RELATED · NMTC · PA · share of income $1 · share of assets $598 · general or managing partner
Directly controlled by CFF SUB CDE 17 LLC
-
CFF SUB CDE 18 LLC
RELATED · NMTC · PA · share of income $9 · share of assets $859 · general or managing partner
Directly controlled by CFF SUB CDE 18 LLC
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CFF SUB CDE 11 LLC
C CORP · NMTC · PA · share of income $234,748
Directly controlled by CFF SUB
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 1 April 2026
- IRS schema version
- 2024v5.0
- Source object
- 202620979349301007
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