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.
Key facts about City First Enterprises Inc
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.
- EIN
- 52-2101165
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $768,750
- Grants made (2025)
- 2
- Average grant
- $384,375
- Median grant
- $384,375
- Total assets
- $86,322,884
- Primary geography
- District of Columbia (100% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$86.3M
+16.3% YoY
Annual Giving
$769K
-85.4% YoY
Grant Count
2
-81.8% YoY
Avg Grant Size
$384K
-19.8% YoY
How City First Enterprises Inc gives
- Giving fell 98% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
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.
Open Grants
2 open opportunities from City First Enterprises Inc
Ready to take the next step with City First Enterprises Inc?
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
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.
Grant Insights
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%).
Giving History
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 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | $74,225,691 | $15,260,987 | $12,090,417 | 0 |
| 2023 | $68,106,525 | $21,464,449 | $20,222,093 | 0 |
| 2022 | $60,726,218 | $55,549,555 | $50,790,211 | $40,891,259 across 526 grants |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $86,322,884 | $74,225,691 | $68,106,525 |
| Revenue | $9,698,626 | $15,260,987 | $21,464,449 |
| Expenses | $8,979,733 | $12,090,417 | $20,222,093 |
| Net Investment Income | $4,519,400 | $3,255,551 | $2,307,418 |
Data update history
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
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.
Contact
Mailing address: 1701 Rhode Island Ave Nw 3-103, Washington, DC 20036
Phone: (202) 745-4490
Website: https://cfenterprises.org
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.
Here's the math on researching City First Enterprises Inc by hand.
Explore Open Grants
Browse active grant opportunities in City First Enterprises Inc's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Hormel Harris Foundation
Lincoln, NE
Assets
$224K
Grants
1
Total Given
$60K
The Believing Faith Foundation Inc
Celebration, FL
Assets
$282K
Grants
3
Total Given
$107K
The DLM Foundation
Pittsburgh, PA
Assets
$1.2M
Grants
7
Total Given
$175K
Monroe Foundation
Hillside, IL
Assets
$137K
Grants
9
Total Given
$181K
Movement Alliance Project
Philadelphia, PA
Movement Alliance Project supports social justice and grassroots organizing through grants, fiscal sponsorship, training, coalition work, and organizational infrastructure, with a primary focus on Philadelphia; its fiscal sponsorship can serve projects nationwide. In 2024, grants ranged from $5,000 to $356,454, with a median of $12,000. It describes how to apply for fiscal sponsorship, but does not state whether it accepts unsolicited grant requests.
Assets
$12.6M
Grants
15
Total Given
$879K
United Way of Mesa County Inc
Grand Junction, CO
United Way of Mesa County funds local nonprofit health and human service programs focused on community resilience, financial security, healthy communities, and youth opportunity, primarily in Mesa County, Colorado. Its 2025 grants ranged from $7,343 to $35,738, with a median of $10,960. It does not accept unsolicited requests: organizations must become Community Partners to be invited to apply.
Assets
$1.0M
Grants
17
Total Given
$235K
Quigg Fund Inc
Faribault, MN
Quigg Fund Inc supports youth programming, education, environmental education, arts, and domestic-abuse services, with most 2024 grant dollars going to Indiana. Its 17 grants ranged from $45 to $21,321, with a median of $3,000; it accepts written requests with an IRS determination letter and current financial statements, due by December 1.
Assets
$2.1M
Grants
17
Total Given
$121K
The Nabit Foundation Inc
Baltimore, MD
The Nabit Foundation supports charitable organizations working in education, youth development, public service, public health, and community needs. Its 2025 grants ranged from $500 to $53,792, with a median of $5,000; most funding went to Maryland organizations, with some support in Virginia and other states. It does not accept unsolicited requests and gives only to preselected organizations.
Assets
$2.8M
Grants
21
Total Given
$285K
The Sunderland Foundation
Overland Park, KS
The Sunderland Foundation supports organizations serving Greater Kansas City, focusing on affordable housing, economic stability, health and behavioral health, youth development, and select legacy institutions. Its 2024 grants ranged from $2,750 to $25 million, with a median of $375,000; it is invitation-only and is not currently accepting applications or proposals.
Assets
$927.0M
Grants
25
Total Given
$102.1M
Latino Economic Development Corporation
Washington, DC
LEDC funds small-business development and technical assistance, housing stability and homeownership, and direct assistance to individuals and businesses. Its typical grant was $10,000 in 2025, with awards ranging from $5,100 to $254,780; it primarily serves Washington, DC, Maryland, and Virginia, with some funding reaching other states. The profile does not state whether it accepts unsolicited requests.
Assets
$22.7M
Grants
185
Total Given
$5.0M
Perry and Sandy Massie Foundation
Prescott, AZ
The Perry and Sandy Massie Foundation’s 2025 grants supported organizations and individuals working in areas such as youth services, education, housing, restorative justice, recreation, and animal care; 60% of grant dollars went to Arizona, with others going to California and Washington. Grants ranged from $1,000 to $191,287, with a median of $5,000. The filing says giving is not restricted to preselected organizations, but does not state whether unsolicited requests are accepted.
Assets
$22.2M
Grants
34
Total Given
$797K
David S Shapira Foundation
Pittsburgh, PA
The David S. Shapira Foundation supports high-impact projects, especially those strengthening Jewish life, learning, and connections to Israel among young Jews, as well as some broader social-benefit work. Its 2024 grants ranged from $500 to $500,000, with a median of $21,250; recipients were concentrated in Pennsylvania and Washington, DC, with others in New York, California, and Massachusetts. It lists a contact for applying and says there are no deadlines, but does not explicitly state whether unsolicited requests are accepted.
Assets
$3.1M
Grants
34
Total Given
$1.9M
More Funders in District of Columbia
City First Enterprises Inc down — hundreds of funders to go?