City First Enterprises Inc
City First Enterprises Inc is a Washington, DC-based public charity and Community Development Financial Institution (CDFI). It provides flexible capital and related support for community development, including affordable housing, small businesses, nonprofits, commercial real estate, and clean energy.
City First Enterprises Inc at a glance
In short: City First Enterprises Inc gave $769K across 2 grants in 2025 (avg $384K), mostly in District of Columbia. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $768,750
- -85.4% vs 2024
- Grants made (2025)
- 2
- -81.8% vs 2024
- Average grant
- $384,375
- -19.8% vs 2024
- Median grant
- $384,375
- Total assets
- $86,322,884
- +16.3% vs 2024
- Primary geography
- District of Columbia (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
How to apply to City First Enterprises Inc
- Contact
Mailing address: 1701 Rhode Island Ave Nw 3-103, Washington, DC 20036
Phone: (202) 745-4490
Website: https://cfenterprises.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
2 open opportunities from City First Enterprises Inc
Who City First Enterprises Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was 1847 Property LLC ($500K). Together the top 2 received $769K.
Grant Size Distribution
1,312 grants across all recorded years
The most common grant size was in the $50–100K range: 587 grants of 1,312 (45%).
Geographic Focus
Where this funder awards grants
CFE describes lending in the DC and Baltimore metropolitan areas and says borrowers are based across DC, Maryland, and Virginia. Its filing identifies the greater Washington metropolitan community as the area for its loan portfolio. The Commercial Property Acquisition Fund is limited to Washington, DC.
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How City First Enterprises Inc gives
- Giving fell 98% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $769K (2025) to $40.9M (2022). In 2025 it made 2 grants totaling $769K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1847 Property LLC Washington, DC | Support for Equity Impact Enterprises | $500,000 |
| Smart Choices LLC Washington, DC | Support for Equity Impact Enterprises | $268,750 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $86,322,884 | $9,698,626 | $8,979,733 | $768,750 | 2 | $4,519,400 |
| 2024 | $74,225,691 | $15,260,987 | $12,090,417 | $5,273,250 | 11 | $3,255,551 |
| 2023 | $68,106,525 | $21,464,449 | $20,222,093 | $14,780,654 | 343 | $2,307,418 |
| 2022 | $60,726,218 | $55,549,555 | $50,790,211 | $40,891,259 | 526 | $1,410,639 |
| 2021 | $50,642,589 | $41,161,285 | $40,988,291 | $22,860,137 | 430 | $970,713 |
| 2020 | $33,346,322 | $13,255,048 | $11,245,182 | $8,765,354 | Total only | $706,015 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
CFE’s mission is to create financial solutions that support people and communities in achieving their economic aspirations. It says its vision is for all people and communities to transform their futures through access to capital.
CFE describes its lending as supporting affordable housing, commercial real estate, small businesses, nonprofits, clean energy, and homeownership. Its filing describes a portfolio of subordinated loans to nonprofits, small businesses, green-energy organizations, and affordable-housing organizations in the greater Washington metropolitan community, alongside technical assistance and credit counseling for borrowers. CFE also says it works with government partners to administer grant programs for small businesses, housing providers, and residents.
Grantmaking
The 2022 filing reports $40,891,259 in grants across 526 grants. The filings report no grants in 2023 or 2024. No typical grant size or named recipients with award amounts are specified in the available information. Its 2025 filing, the latest on this page, reports 2 grants totaling $768,750.
CFE separately reports managing $113 million in grants from 2020 through 2025. This is funding it administered, not a measure of grants reported as its own giving. Its currently active Commercial Property Acquisition Fund is a DC government program administered by CFE. It provides down-payment assistance for commercial property purchases in Washington, DC: up to $500,000 or 25% of the sale price, whichever is less. Eligible businesses must be at least 51% owned by people who are economically disadvantaged or have been subjected to racial, ethnic, or cultural bias.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Brian Argrett as chairman of the board, David McGrady as vice-chairman, Shannon Scott as treasurer, and Mary Ann Donovan as secretary. It also lists Dr. William Longbrake, Chuck Muckenfuss, Priya Jayachandran, Lori Chatman, Amber Kucher Bell, and Estrella Lucero as directors.
City First Enterprises Inc is led by Oswaldo Acosta, President & CEO since 2025 (on filings since 2020); 5 of 15 officers listed in 2025 are compensated.
Officers on the 2025 filing
Oswaldo Acosta
President & CEO
President & CEO → President & Chief Executive Officer, 2023
President & Chief Executive Officer → President & CEO, 2025
On filings since 2020
36 hrs/week
$172K (2020) → $419K (2025)
Brian Argrett
Chair of the Board
Chairman → Chairman of the Board, 2023
Chairman of the Board → Chair of the Board, 2025
On filings since 2020
1 hr/week
No compensation reported
Arisa Koyama
Director of Impact
New on the 2025 filing
40 hrs/week
$153K (2025)
David McGrady
Director
Vice Chairman → Vice Chairman of the Board, 2023
Vice Chairman of the Board → Director, 2025
On filings since 2020
1 hr/week
No compensation reported
William Longbrake
Director
Treasurer → Director, 2024
On filings since 2020
1 hr/week
No compensation reported
Lori Chatman
Director
On filings since 2021
1 hr/week
No compensation reported
Priya Jayachandran
Director
On filings since 2021
1 hr/week
No compensation reported
Amber Kucher Bell
Director
On filings since 2024
1 hr/week
No compensation reported
Estrella Lucero
Director
On filings since 2024
1 hr/week
No compensation reported
Munevver Yolas
Director
New on the 2025 filing
1 hr/week
No compensation reported
Rodrigo Cordon
Chief Operating Officer
Portfolio Operations Director → Chief Operating Officer, 2023
On filings since 2020
40 hrs/week
$107K (2020) → $234K (2025)
Jonathan Reyes
Chief Lending Officer
Loan Officer → Chief Lending Officer, 2023
On filings since 2021
40 hrs/week
$115K (2021) → $213K (2025)
Stephanie Meyer
Chief Credit Officer
On filings since 2021
40 hrs/week
$101K (2021) → $159K (2025)
Shannon Scott
Vice Chair of the Board & Treasurer
Director → Treasurer, 2024
Treasurer → Vice Chair of the Board & Treasurer, 2025
On filings since 2023
1 hr/week
No compensation reported
Mary Ann Donovan
Secretary
On filings since 2024
1 hr/week
No compensation reported
Former officers (9)
- Former: Chuck Muckenfuss (2020–2024) — Director
- Former: Shannon Nys (2024) — Former Director of Finance & Accounting
- Former: Annie Donovan (2021–2023) — Director
- Former: Shanna McClearn (2022–2023) — Senior Director, Partnerships & Strategic Initiativ
- Former: Amber Kuchar-Bell (2023) — Director
- Former: Sharon Feuer Gruber (2021–2022) — Director Partnership & Development
- Former: Lisa Green Hall (2020–2021) — Director
- Former: Hassan Minor (2020) — Director
- Former: Peggy Hamilton (2020) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $419K, to Oswaldo Acosta (President and CEO). 5 officers or directors reported compensation on that filing.
Frequently asked questions about City First Enterprises Inc
How much does City First Enterprises Inc give each year?
City First Enterprises Inc gave $769K across 2 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $5.3M across 11 grants.
How large is City First Enterprises Inc?
City First Enterprises Inc reported $86.3M in total assets on its 2025 IRS Form 990. Its revenue that year was $9.7M.
What does City First Enterprises Inc fund?
CFE’s mission is to create financial solutions that support people and communities in achieving their economic aspirations. It says its vision is for all people and communities to transform their futures through access to capital. See mission & focus areas ↑
How do I apply for a grant from City First Enterprises Inc?
City First Enterprises Inc has no public application process in the sources Grantable reviewed. Check cfenterprises.org for current guidelines, or contact the foundation directly before submitting a request.
Where does City First Enterprises Inc make grants?
CFE describes lending in the DC and Baltimore metropolitan areas and says borrowers are based across DC, Maryland, and Virginia. Its filing identifies the greater Washington metropolitan community as the area for its loan portfolio. The Commercial Property Acquisition Fund is limited to Washington, DC.
What is City First Enterprises Inc's EIN?
City First Enterprises Inc's EIN (Employer Identification Number) is 52-2101165. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS January 13, 2023)
- Updated Form 990 for fiscal year 2022 (received by the IRS July 26, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS June 5, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 29, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS June 26, 2026)
- Updated Form 990 for fiscal year 2020 (received by the IRS November 2, 2021)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work City First Enterprises Inc funds
Human Services Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in City First Enterprises Inc's focus areas in our free grants database
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Figures come from City First Enterprises Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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