Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1993.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
63 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
21 people listed on the 990; $1.3M paid to officers and key staff.
Daniel Betancourt’s $385K as President & is at the 89th percentile of top reported officer pay among 676 $10–100M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Daniel Betancourt | $385,375 | $363,943 | $313,572 | $307,238 | $275,612 | $242,784 |
| Joan Brodhead | $208,549 | $206,704 | $177,389 | $167,235 | $208,928 | $149,447 |
| Jonathan Encarnacion | $206,465 | — | — | — | — | — |
| Edward Gallagher | $197,850 | — | — | — | — | — |
| Dragan Dodik | $187,621 | — | $104,593 | — | — | — |
| Anthony Pappion | — | $58,794 | $182,938 | $166,513 | $110,197 | — |
| Elizabeth Bennett | $180,091 | $9,176 | — | — | — | — |
| James Buerger | $167,679 | $158,342 | $142,517 | $155,311 | $163,163 | $152,000 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Provides loans and technical assistance to housing and economic development projects that benefit low-income individuals and drive social and economic progress in Pennsylvania.
Questions for Community First Fund
Your first name shows with your question. Community First Fund answers here, for everyone.
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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.
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 6/30/2022.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $52.9M | $60.8M |
| InvestmentsLn 11–13 | $852K | $857K |
| Land, buildings, equipmentLn 10c | $6.5M | $6.8M |
| Total assetsLn 16 | $129.0M | $141.9M |
| LiabilitiesLn 26 | $80.7M | $84.0M |
| Net assetsLn 32 | $48.4M | $57.9M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $10K | $10K | ||
| Other salaries and wagesLn 7 | $5.1M | $4.4M | $290K | $395K |
| Other employee benefitsLn 9 | $789K | $683K | $45K | $61K |
| Payroll taxesLn 10 | $300K | $260K | $17K | $23K |
| Legal feesLn 11b | $28K | $7K | $21K | |
| Accounting feesLn 11c | $59K | $16K | $43K | |
| Other fees for servicesLn 11g | $401K | $107K | $294K | |
| Advertising and promotionLn 12 | $77K | $39K | $15K | $23K |
| Office expensesLn 13 | $454K | $374K | $34K | $46K |
| OccupancyLn 16 | $560K | $484K | $32K | $43K |
| TravelLn 17 | $157K | $136K | $9K | $12K |
| Conferences, conventions and meetingsLn 19 | $65K | $33K | $13K | $20K |
| InterestLn 20 | $1.5M | $1.5M | ||
| Depreciation, depletion and amortizationLn 22 | $200K | $173K | $11K | $16K |
| InsuranceLn 23 | $62K | $54K | $4K | $5K |
| Other expenses (24a–d)Ln 24 | $519K | $492K | $11K | $16K |
| All other expensesLn 24e | −$2.2M | −$2.2M | ||
| Total functional expensesLn 25 | $8.1M | $5.1M | $2.4M | $660K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $40.0M | $34.7M | $5.3M | $59.0M | 990 PDF |
| FY2024 | $22.6M | $14.7M | $7.9M | $55.3M | 990 PDF |
| FY2023 | $17.3M | $13.0M | $4.3M | $40.8M | 990 PDF |
| FY2022 Viewing | $17.5M | $8.1M | $9.3M | $57.9M | 990 PDF |
| FY2021 | $45.0M | $34.8M | $10.2M | $48.4M | 990 PDF |
| FY2020 | $12.6M | $10.8M | $1.8M | $18.3M | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $17,453,841 revenue, 12 lines filed
Part VI · Governance 15 of 16 board members independent, no flags
Part VIII · Statement of revenue $17,453,841 across 5 lines filed
Part IX · Statement of functional expenses $8,134,382 across 17 lines filed
Part X · Balance sheet $141,866,844 assets, 17 lines filed
Part XI · Reconciliation of net assets $57,854,204 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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