COMMUNITY FIRST FUND: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- COMMUNITY FIRST FUND (EIN 23-2689714)
- Tax period
- 2020-07-01 to 2021-06-30
- Filed
- 2022-05-23
- IRS object ID
- 202211439349300436
- Schema version
- 2020v4.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-05-23T11:26:09-05:00 | ReturnTs |
| Tax Period End | 2021-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 231709427 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BERTZ HESS & CO LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 36 EAST KING ST | AddressLine1Txt |
| City | LANCASTER | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 17602 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 232689714 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COMMUNITY FIRST FUND | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | COMM | BusinessNameControlTxt |
| Phone | 7173932351 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 524 | AddressLine1Txt |
| City | LANCASTER | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 176080524 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANTHONY PAPPION | PersonNm |
| Person Title | SR VP, CFO | PersonTitleTxt |
| Phone | 7173932351 | PhoneNum |
| Signature | 2022-05-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | ANTHONY | PersonFirstNm |
| Person Last | PAPPION | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | THOMAS A WOBBER CPA | PreparerPersonNm |
| PTIN | P01276864 | PTIN |
| Phone | 7173930767 | PhoneNum |
| Preparation | 2022-05-12 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Special Condition | EXTENSION GRANTED TO MAY 16 2022 | SpecialConditionDesc |
| Principal Officer | DANIEL BETANCOURT | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 51 SOUTH DUKE STREET | AddressLine1Txt |
| Address Line2 | STE 400 | AddressLine2Txt |
| City | LANCASTER | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 17602 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $44,963,943 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.COMMUNITYFIRSTFUND.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1992 | FormationYr |
| Legal Domicile State | PA | LegalDomicileStateCd |
| Activity Or Mission | 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. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 40 | TotalEmployeeCnt |
| Total Volunteers | 15 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $7,594,836 | PYContributionsGrantsAmt |
| CY Contributions Grants | $38,314,424 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $4,966,010 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $6,649,519 | CYProgramServiceRevenueAmt |
| CY Investment Income | $0 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $12,560,846 | PYTotalRevenueAmt |
| CY Total Revenue | $44,963,943 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $602,589 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $18,992,885 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $3,734,804 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $5,480,228 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $502,248 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $6,435,964 | PYOtherExpensesAmt |
| CY Other Expenses | $10,301,802 | CYOtherExpensesAmt |
| PY Total Expenses | $10,773,357 | PYTotalExpensesAmt |
| CY Total Expenses | $34,774,915 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,787,489 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $10,189,028 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $80,851,659 | TotalAssetsBOYAmt |
| Total Assets EOY | $129,035,730 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $62,575,507 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $80,678,124 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $18,276,152 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $48,357,606 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| 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. ON JULY 1, 2020, THE ORGANIZATION MERGED WITH FINANTA, A PHILADELPHIA BASED NONPROFIT CDFI LOAN FUND FOUNDED IN 1996. FINANTA CONVERTED TO A MEMBER OWNED NONPROFIT CORPORATION AND APPOINTED THE ORGANIZATION AS ITS SOLE MEMBER. BY VIRTUE OF THE ORGANIZATION BEING THE SOLE MEMBER OF FINANTA, FINANTA IS CONSIDERED A SUBSIDIARY OF THE ORGANIZATION. THE CONSOLIDATION OF THE TWO ORGANIZATIONS ADDED 19,959,381. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $33,375,133 | ExpenseAmt |
| Grant | $18,992,885 | GrantAmt |
| Revenue | $5,863,616 | RevenueAmt |
| Desc | COMMUNITY FIRST FUND PROMOTES COMMUNITY AND ECENOMIC 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. ON JULY 1, 2020, COMMUNITY FIRST FUND MERGED WITH FINANTA, A PHILADELPHIA BASED NONPROFIT CDFI LOAN FUND. FINANTA CONVERTED TO A MEMBER OWNED NONPROFIT CORPORATION AND APPOINTED COMMUNITY FIRST FUND AS ITS SOLE MEMBER. DURING THE YEAR ENDING JUNE 30, 2021, THE ORGANIZATION CLOSED 389 NEW LOANS. THE ORGANIZATION FINANCED 304 HOUSING UNITS FOR LOW AND MODERATE INCOME INDIVIDUALS. THROUGH THE ORGANIZATIONS FINANCING EFFORTS, 1,835 JOBS WERE CREATED OR RETAINED, AND 255,895 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. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $90,000 | ExpenseAmt |
| Revenue | $785,903 | RevenueAmt |
| Desc | 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. TWELVE PROJECTS ARE REMAINING AT 6/30/2021. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $33,465,133 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | Yes (true) | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (true) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 380 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 40 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | Yes (true) | LocalChaptersInd |
| Policies Reference Chapters | Yes (true) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ORGANIZATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7173932351 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 51 SOUTH DUKE STREET | AddressLine1Txt |
| Address Line2 | STE 400 | AddressLine2Txt |
| City | LANCASTER | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 17602 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (23 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|
| DANIEL BETANCOURT | ||||||
| PRESIDENT & | 40.00 | Yes (X) | $275,612 | $0 | $78,679 | |
| JOAN BRODHEAD | ||||||
| SENIOR EVP, | 40.00 | Yes (X) | $208,928 | $0 | $19,652 | |
| JAMES BUERGER | ||||||
| EVP CHIEF LE | 40.00 | Yes (X) | $163,163 | $0 | $25,646 | |
| ANTHONY PAPPION | ||||||
| SR VP, CFO | 40.00 | Yes (X) | $110,197 | $0 | $24,820 | |
| DANIEL BECK | ||||||
| VP SR LENDER | 40.00 | Yes (X) | $106,830 | $0 | $21,567 | |
| MICHAEL CARPER | ||||||
| CHIEF CREDIT | 40.00 | Yes (X) | $123,735 | $0 | $0 | |
| LLOYD SHIELDS | ||||||
| FINANCIAL CO | 40.00 | Yes (X) | $110,122 | $0 | $0 | |
| NATHAN MCCANN | ||||||
| VP COMM LEND | 40.00 | Yes (X) | $106,641 | $0 | $2,542 | |
| JONATHAN BOWSER | ||||||
| CHAIRMAN | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| NATALIA DOMINGUEZ BUCKLEY | ||||||
| BOARD MEMBER | 1.00 | $0 | $0 | $0 | Yes (X) | |
| MARILYN BROWN | ||||||
| SECRETARY | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| JONATHAN ENCARNACION | ||||||
| BOARD MEMBER | 1.00 | $0 | $0 | $0 | Yes (X) | |
| DR GREGORY EDWARDS | ||||||
| BOARD MEMBER | 1.00 | $0 | $0 | $0 | Yes (X) | |
| DANA HANCHIN | ||||||
| BOARD MEMBER | 1.00 | $0 | $0 | $0 | Yes (X) | |
| SAMUEL T COOPER III | ||||||
| BOARD MEMBER | 1.00 | $0 | $0 | $0 | Yes (X) | |
| CARLOS LOPEZ | ||||||
| BOARD MEMBER | 1.00 | $0 | $0 | $0 | Yes (X) | |
| R ERIC MENZER | ||||||
| BOARD MEMBER | 1.00 | $0 | $0 | $0 | Yes (X) | |
| LAWRENCE MCCOMMIE | ||||||
| BOARD MEMBER | 1.00 | $0 | $0 | $0 | Yes (X) | |
| ANTONIO PELOSI | ||||||
| BOARD MEMBER | 1.00 | $0 | $0 | $0 | Yes (X) | |
| LENIN PAGUDO | ||||||
| BOARD MEMBER | 1.00 | $0 | $0 | $0 | Yes (X) | |
| CHARLIE SANTIAGO | ||||||
| TREASURER | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| DAVID A SCHANKWEILER | ||||||
| BOARD MEMBER | 2.00 | $0 | $0 | $0 | Yes (X) | |
| VINCE TSENG | ||||||
| BOARD MEMBER | 1.00 | $0 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,205,228 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $172,906 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 8 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| COHNREZNICK LLP | |||||
| 500 EAST PRATT ST 4TH FL | BALTIMORE | MD | 21202 | NMTC TAX/AUDIT | $144,155 |
| APPEL YOST ZEE LLP | |||||
| 33 N DUKE ST | LANCASTER | PA | 17602 | LEGAL | $131,217 |
| MICHAEL CARPER | |||||
| 6266 MEADOWFIELD DR | MOUNT JOY | PA | 17552 | CCO | $123,735 |
| LLOYD SHIELDS | |||||
| 1140 OSTRANDER AVE | LA GRANGE PARK | IL | 60526 | CFO | $110,122 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $17,923,369 | GovernmentGrantsAmt |
| All Other Contributions | $20,391,055 | AllOtherContributionsAmt |
| Total Contributions | $38,314,424 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| INTEREST INCOME | 522220 | $4,372,542 | $4,372,542 |
| OTHER | 522220 | $1,308,969 | $1,308,969 |
| NEW MARKET TAX CREDIT | 522220 | $785,903 | $785,903 |
| LOAN AND SERVICE FEES | 522220 | $182,105 | $182,105 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $6,649,519 | TotalProgramServiceRevenueAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $44,963,943 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $6,649,519 | RelatedOrExemptFuncIncomeAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,532,875 | TotalAmt |
| Program Services | $7,532,875 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,460,010 | TotalAmt |
| Program Services | $11,460,010 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,475,007 | TotalAmt |
| Program Services | $3,924,605 | ProgramServicesAmt |
| Management And General | $241,191 | ManagementAndGeneralAmt |
| Fundraising | $309,211 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $773,894 | TotalAmt |
| Program Services | $678,709 | ProgramServicesAmt |
| Management And General | $41,711 | ManagementAndGeneralAmt |
| Fundraising | $53,474 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $231,327 | TotalAmt |
| Program Services | $202,875 | ProgramServicesAmt |
| Management And General | $12,468 | ManagementAndGeneralAmt |
| Fundraising | $15,984 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $75,887 | TotalAmt |
| Program Services | $53,030 | ProgramServicesAmt |
| Management And General | $22,857 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $74,415 | TotalAmt |
| Program Services | $52,001 | ProgramServicesAmt |
| Management And General | $22,414 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $455,038 | TotalAmt |
| Program Services | $317,980 | ProgramServicesAmt |
| Management And General | $137,058 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $108,153 | TotalAmt |
| Program Services | $54,076 | ProgramServicesAmt |
| Management And General | $21,631 | ManagementAndGeneralAmt |
| Fundraising | $32,446 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $268,396 | TotalAmt |
| Program Services | $234,433 | ProgramServicesAmt |
| Management And General | $14,835 | ManagementAndGeneralAmt |
| Fundraising | $19,128 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $396,859 | TotalAmt |
| Program Services | $348,048 | ProgramServicesAmt |
| Management And General | $21,389 | ManagementAndGeneralAmt |
| Fundraising | $27,422 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $43,556 | TotalAmt |
| Program Services | $38,198 | ProgramServicesAmt |
| Management And General | $2,348 | ManagementAndGeneralAmt |
| Fundraising | $3,010 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,529 | TotalAmt |
| Program Services | $10,764 | ProgramServicesAmt |
| Management And General | $4,306 | ManagementAndGeneralAmt |
| Fundraising | $6,459 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,455,952 | TotalAmt |
| Program Services | $1,269,478 | ProgramServicesAmt |
| Management And General | $186,474 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $203,945 | TotalAmt |
| Program Services | $178,861 | ProgramServicesAmt |
| Management And General | $10,992 | ManagementAndGeneralAmt |
| Fundraising | $14,092 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $71,497 | TotalAmt |
| Program Services | $62,703 | ProgramServicesAmt |
| Management And General | $3,854 | ManagementAndGeneralAmt |
| Fundraising | $4,940 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| LOAN LOSS PROVISION | $4,956,187 | $4,956,187 | ||
| LOAN FORGIVENESS | $1,825,601 | $1,825,601 | ||
| MISCELLANEOUS | $177,674 | $155,563 | $9,689 | $12,422 |
| BANK FEES | $61,685 | $10,224 | $51,461 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $105,428 | TotalAmt |
| Program Services | $98,912 | ProgramServicesAmt |
| Management And General | $2,856 | ManagementAndGeneralAmt |
| Fundraising | $3,660 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $34,774,915 | TotalAmt |
| Program Services | $33,465,133 | ProgramServicesAmt |
| Management And General | $807,534 | ManagementAndGeneralAmt |
| Fundraising | $502,248 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,560,326 | BOYAmt |
| EOY | $16,232,424 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,273,857 | BOYAmt |
| EOY | $36,674,804 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,200,625 | BOYAmt |
| EOY | $1,106,972 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,772 | BOYAmt |
| EOY | $89,733 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $55,206,164 | BOYAmt |
| EOY | $67,315,849 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $61,844 | BOYAmt |
| EOY | $107,357 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $7,527,297 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,027,031 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,226,427 | BOYAmt |
| EOY | $6,500,266 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $852,325 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $310,644 | BOYAmt |
| EOY | $156,000 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $80,851,659 | BOYAmt |
| EOY | $129,035,730 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,052,062 | BOYAmt |
| EOY | $2,607,290 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $6,963,524 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,692,650 | BOYAmt |
| EOY | $5,013,624 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,450,000 | BOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,735,295 | BOYAmt |
| EOY | $48,448,186 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,645,500 | BOYAmt |
| EOY | $17,645,500 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $62,575,507 | BOYAmt |
| EOY | $80,678,124 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,993,006 | BOYAmt |
| EOY | $40,944,633 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $283,146 | BOYAmt |
| EOY | $7,412,973 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,276,152 | BOYAmt |
| EOY | $48,357,606 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $80,851,659 | BOYAmt |
| EOY | $129,035,730 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $10,189,028 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $19,892,426 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,309,147 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,392,938 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,043,044 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,594,836 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $38,314,424 | CurrentTaxYearAmt |
| Total | $54,654,389 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,309,147 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,392,938 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,043,044 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,594,836 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $38,314,424 | CurrentTaxYearAmt |
| Total | $54,654,389 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $5,806,497 | SubstantialContributorsTotAmt |
| Public Support Total170 | $48,847,892 | PublicSupportTotal170Amt |
| Total Support | $54,654,389 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $24,304,357 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.89380 | PublicSupportCY170Pct |
| Public Support PY170 | 0.76720 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $353,417 | OtherCostOrOtherBasisAmt |
| Book Value | $353,417 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,865,753 | OtherCostOrOtherBasisAmt |
| Depreciation | $492,019 | DepreciationAmt |
| Book Value | $5,373,734 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $919,103 | OtherCostOrOtherBasisAmt |
| Depreciation | $336,562 | DepreciationAmt |
| Book Value | $582,541 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $389,024 | OtherCostOrOtherBasisAmt |
| Depreciation | $198,450 | DepreciationAmt |
| Book Value | $190,574 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $6,500,266 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | EQUITY EQUIVALENT INVESTMENTS | Desc |
| Amt | $17,645,500 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $17,645,500 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE D, PAGE 3, PART X | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION HAS EVALUATED THE TAX FILINGS FOR THE OPEN YEARS FOR UNCERTAIN TAX POSITIONS. THE TAX YEARS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE ARE 2017, 2018, 2019, AND 2020. THE TAX YEARS SUBJECT TO EXAMINATION BY THE STATE JURISDICTION ARE UNLIMITED. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Address Line2USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| ASSETS LANCASTER | ||||||||
| 24 S QUEEN ST | LANCASTER | PA | 17603 | 232827808 | 501C3 | $143,200 | LANC RECOVERY FD | |
| IMPACT LOAN FUND | ||||||||
| 1952 E ALLEGHENY AVE | PHILADELPHIA | PA | 19134 | 233032463 | 501C3 | $180,000 | ECONOMIC DEVELOPMENT | |
| COMMUNITY FIRST FUND FEDERAL CR UN | ||||||||
| 51 S DUKE ST | LANCASTER | PA | 17602 | 871525468 | 501C14 | $7,113,524 | CR UNION CAPITAL | |
| PA CDFI NETWORK | ||||||||
| 400 MARKET ST | PHILADELPHIA | PA | 19106 | 232920364 | 501C3 | $73,651 | ECONOMIC DEVELOPMENT | STE 210 |
| YORK COUNTY | ||||||||
| ADMIN CENTER 28 E MARKET ST | YORK | PA | 17401 | 236003050 | GOV | $22,500 | ECONOMIC DEVELOPMENT | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 5 | Total501c3OrgCnt |
| Total Other Org | 474 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SMALL BUISINESS GRANTS | GrantTypeTxt |
| Recipient | 474 | RecipientCnt |
| Cash Grant | $11,460,010 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE I, PAGE 1, PART I, LINE 2 | FormAndLineReferenceDesc |
| Explanation | COMMUNITY FIRST FUND STRIVES TO MAINTAIN COMPREHENSIVE DOCUMENTATION IN REGARDS TO AWARDED GRANTS. THE FOLLOWING FORMS ARE FILED IN BOTH PAPER AND ELECTRONIC FORMAT: THE ORIGINAL GRANT CONTRACT, THE WINNING GRANT PROPOSAL, INVOICES FROM THE GRANTEE AS WELL AS PAYMENT CONFIRMATION, REQUIRED INTERNAL COMPLIANCE REPORTING FROM THE GRANTEE, AND EMAIL CORRESPONDENCE RELATING TO THE PARTICULAR GRANT. THE GRANTEE'S ELIGIBILITY AND SELECTION CRITERIA ARE MADE ON A CASE-BY-CASE BASIS, WITH GRANT-SPECIFIC ELIGIBILITY FOUND IN THE GRANT CONTRACT. IN RESPECT TO FUND MONITORING, COMMUNITY FIRST FUND DECIDES BEST PRACTICE DEPENDING ON THE PURPOSE AND TIMELINE OF THE GRANT. LOOKING AT THE SACA CAPACITY DEVELOPMENT GRANT, THE FUNDING PURPOSE WAS INCOME SUPPLEMENTATION FOR NEW MANAGEMENT OF THE GROWING ORGANIZATION. THE GRANTEE PROVIDED INVOICES WHEN REQUESTING A DRAW OF FUNDS, AND PROVIDED PERIODIC PAYROLL JOURNALS OF THE NEW POSITION TO SHOW PROPER UTILIZATION OF THE GRANT. AS COMMUNITY FIRST BUILDS CAPACITY TO AWARD MORE THAN EXTERNALLY-PROPOSED GRANTS, OVERARCHING PROCEDURE WILL BE IMPLEMENTED BEYOND A CASE-BY-CASE BASIS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|
| DANIEL BETANCOURT | ||||
| PRESIDENT & CEO | $275,612 | $67,974 | $10,705 | $354,291 |
| JOAN BRODHEAD | ||||
| SENIOR EVP, | $208,928 | $2,251 | $17,401 | $228,580 |
| JAMES BUERGER | ||||
| EVP CHIEF LENDING | $163,163 | $8,244 | $17,402 | $188,809 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S 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. ON JULY 1, 2020, THE ORGANIZATION MERGED WITH FINANTA, A PHILADELPHIA BASED NONPROFIT CDFI LOAN FUND FOUNDED IN 1996. FINANTA CONVERTED TO A MEMBER OWNED NONPROFIT CORPORATION AND APPOINTED THE ORGANIZATION AS ITS SOLE MEMBER. BY VIRTUE OF THE ORGANIZATION BEING THE SOLE MEMBER OF FINANTA, FINANTA IS CONSIDERED A SUBSIDIARY OF THE ORGANIZATION. THE CONSOLIDATION OF THE TWO ORGANIZATIONS ADDED 19,959,381. |
| FORM 990, PAGE 2, PART III, LINE 4A | COMMUNITY FIRST FUND PROMOTES COMMUNITY AND ECENOMIC 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. ON JULY 1, 2020, COMMUNITY FIRST FUND MERGED WITH FINANTA, A PHILADELPHIA BASED NONPROFIT CDFI LOAN FUND. FINANTA CONVERTED TO A MEMBER OWNED NONPROFIT CORPORATION AND APPOINTED COMMUNITY FIRST FUND AS ITS SOLE MEMBER. DURING THE YEAR ENDING JUNE 30, 2021, THE ORGANIZATION CLOSED 389 NEW LOANS. THE ORGANIZATION FINANCED 304 HOUSING UNITS FOR LOW AND MODERATE INCOME INDIVIDUALS. THROUGH THE ORGANIZATIONS FINANCING EFFORTS, 1,835 JOBS WERE CREATED OR RETAINED, AND 255,895 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. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS PRIOR TO FILING. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE POLICY IS MONITORED AND ENFORCED THROUGH THE ANNUAL CONFLICT OF INTEREST DISCLOSURE PROCESS. |
| FORM 990, PAGE 6, PART VI, LINE 15A | CEO COMPENSATION IS REVIEWED DURING THE BUDGET PROCESS AND APPROVED BY THE BOARD OF DIRECTORS. |
| FORM 990, PAGE 6, PART VI, LINE 15B | COMPENSATION FOR OFFICERS AND KEY EMPLOYEES IS REVIEWED DURING THE BUDGET PROCESS AND APPROVED BY THE BOARD OF DIRECTORS. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST AT THE ORGANIZATION'S HEADQUARTERS. |
| FORM 990, PART XI, LINE 9 | MERGER ACQUISITION - FINANTA 19,959,381 TRANSFER TO SUBSIDIARY -66,955 TOTAL 19,892,426 |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FINANTA | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 51 SOUTH DUKE STREET | AddressLine1Txt |
| City | LANCASTER | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 17602 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 232857766 | EIN |
| Primary Activities | LOANS | PrimaryActivitiesTxt |
| Legal Domicile State | PA | LegalDomicileStateCd |
| Total Income | $1,598,456 | TotalIncomeAmt |
| End Of Year Assets | $28,880,089 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COMMUNITY | BusinessNameLine1Txt |
| Business Name Line2 | FIRST FUND | BusinessNameLine2Txt |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COMMUNITY FIRST CAPITAL CORP | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 51 SOUTH DUKE STREET | AddressLine1Txt |
| City | LANCASTER | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 17602 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 200185800 | EIN |
| Primary Activities | SBA LOANS | PrimaryActivitiesTxt |
| Legal Domicile State | PA | LegalDomicileStateCd |
| Exempt Code Section | 501C3 | ExemptCodeSectionTxt |
| Public Charity Status | 12A | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COMMUNITY | BusinessNameLine1Txt |
| Business Name Line2 | FIRST FUND | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | false | ControlledOrganizationInd |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (13 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Business Name Line2DirectControllingEntityName/BusinessNameLine2Txt | Predominant Income TypePredominantIncomeTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CFF SUB CDE 1 LLC | ||||||||||||||
| 51 SOUTH DUKE STREET | LANCASTER | PA | 17602 | 462893194 | NMTC | PA | CFF SUB | CDE 1 LLC | RELATED | $1 | $327 | false | Yes (true) | 0.00010 |
| CFF SUB CDE 2 LLC | ||||||||||||||
| 51 SOUTH DUKE STREET | LANCASTER | PA | 17602 | 462902484 | NMTC | PA | CFF SUB | CDE 2 LLC | RELATED | $26 | false | Yes (true) | ||
| CFF SUB CDE 3 LLC | ||||||||||||||
| 51 SOUTH DUKE STREET | LANCASTER | PA | 17602 | 462911541 | NMTC | PA | CFF SUB | CDE 3 LLC | RELATED | $11 | $650 | false | Yes (true) | 0.00010 |
| CFF SUB CDE 4 LLC | ||||||||||||||
| 51 SOUTH DUKE STREET | LANCASTER | PA | 17602 | 611714370 | NMTC | PA | CFF SUB | CDE 4 LLC | RELATED | $11 | $392 | false | Yes (true) | 0.00010 |
| CFF SUB CDE 5 LLC | ||||||||||||||
| 51 SOUTH DUKE STREET | LANCASTER | PA | 17602 | 300786348 | NMTC | PA | CFF SUB | CDE 5 LLC | RELATED | $16 | $667 | false | Yes (true) | 0.00010 |
| CFF SUB CDE 6 LLC | ||||||||||||||
| 51 SOUTH DUKE STREET | LANCASTER | PA | 17602 | 320412236 | NMTC | PA | CFF SUB | CDE 6 LLC | RELATED | $2 | $588 | false | Yes (true) | 0.00010 |
| CFF SUB CDE 7 LLC | ||||||||||||||
| 51 SOUTH DUKE STREET | LANCASTER | PA | 17602 | 474466777 | NMTC | PA | CFF SUB | CDE 7 LLC | RELATED | $23 | $856 | false | Yes (true) | 0.00010 |
| CFF SUB CDE 8 LLC | ||||||||||||||
| 51 SOUTH DUKE STREET | LANCASTER | PA | 17602 | 474475887 | NMTC | PA | CFF SUB | CDE 8 LLC | RELATED | $9 | $442 | false | Yes (true) | 0.00010 |
| CFF SUB CDE 9 LLC | ||||||||||||||
| 51 SOUTH DUKE STREET | LANCASTER | PA | 17602 | 474887880 | NMTC | PA | CFF SUB | CDE 9 LLC | RELATED | $14 | $690 | false | Yes (true) | 0.00010 |
| CFF SUB CDE 10 LLC | ||||||||||||||
| 51 SOUTH DUKE STREET | LANCASTER | PA | 17602 | 474498301 | NMTC | PA | CFF SUB | CDE 10 LLC | RELATED | $34 | $814 | false | Yes (true) | 0.00010 |
| CFF SUB CDE 12 LLC | ||||||||||||||
| 51 SOUTH DUKE STREET | LANCASTER | PA | 17602 | 474523681 | NMTC | PA | CFF SUB | CDE 12 LLC | RELATED | $18 | $543 | false | Yes (true) | 0.00010 |
| CFF SUB CDE 13 LLC | ||||||||||||||
| 51 SOUTH DUKE STREET | LANCASTER | PA | 17602 | 814087839 | NMTC | PA | CFF SUB | CDE 13 LLC | RELATED | $18 | $543 | false | Yes (true) | 0.00010 |
| CFF SUB CDE 14 LLC | ||||||||||||||
| 51 SOUTH DUKE STREET | LANCASTER | PA | 17602 | 814102957 | NMTC | PA | CFF SUB | CDE 14 LLC | RELATED | $3 | $991 | false | Yes (true) | 0.00010 |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CFF SUB CDE 11 LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 51 SOUTH DUKE STREET | AddressLine1Txt |
| Address Line2 | SUITE 400 | AddressLine2Txt |
| City | LANCASTER | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 17602 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 474511175 | EIN |
| Primary Activities | NMTC | PrimaryActivitiesTxt |
| Legal Domicile State | PA | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CFF SUB | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C CORP | EntityTypeTxt |
| Share Of Total Income | $15 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $802 | ShareOfEOYAssetsAmt |
| Ownership | 0.00010 | OwnershipPct |
| Controlled Organization | false | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (true) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (true) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (true) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (true) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (true) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (true) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (7 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| COMMUNITY FIRST CAPITAL CORP | ||
| B | $66,955 | TRANSFER OF CAPITAL |
| COMMUNITY FIRST CAPITAL CORP | ||
| D | $4,227,573 | INCR NOTE RECEIVABLE |
| COMMUNITY FIRST CAPITAL CORP | ||
| D | $13,033,833 | AMT DUE ON NOTE-YR END |
| COMMUNITY FIRST CAPITAL CORP | ||
| L | $470,452 | FMV-MGMT FEE |
| COMMUNITY FIRST CAPITAL CORP | ||
| N | ||
| COMMUNITY FIRST CAPITAL CORP | ||
| O | ||
| COMMUNITY FIRST CAPITAL CORP | ||
| R | $188,157 | FMV-INTEREST INCOME |