Community First Lending EIN 45-4715883 Form 990 (PDF) Claim this org

Community First Lending FY2020 filing

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Secures funding to help low-income families buy affordable homes. For fiscal year 2020 it reported $22K in revenue, $36K in expenses, and $691K in net assets.Pt I

Type
Supporting organization · Housing
Location
Richmond, CA
Filings
5 on file (2020–2020)
Revenue
$22KFY2020
Expenses
$36K
Net assets
$691K
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  45-4715883 Supporting organization Richmond, CA
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
<$100K
What they do
Secures funding to help low-income families buy affordable homes.
Leadership
Money in and out
$22K revenue, $36K expenses
Bottom line
-62% net inflow
Money in and out · FY2020
Total revenue
$22K
Pt VIII · Ln 12
Total expenses
$36K
Pt IX · Ln 25
Net assets
$691K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$14K
Where spending went · Part IX cols B–D
Program services $0.12 Management & general $0.88
Net inflow
-62%
revenue over expenses, this year
Pass-through gifts
0%
of revenue from contributions
Program spending
12%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$22K
FY2020
Expenses
$36K
FY2020
Total assets
$1.5M
FY2020
Total liabilities
$837K
FY2020
Total revenue
$22K
Pt VIII · Ln 12
Total expenses
$36K
Pt IX · Ln 25
Net assets
$691K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$14K
Total assetsPt X · Ln 16$1.5M
Program-expense ratioPt IX · col B12%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $4K of program spending, described in the organization's own filed words · FY2020.
01

The general purpose of this Corporation is to have and exercise all rights and powers conferred on nonprofit corporations under the laws of California, provided that this corporation shall not, except to an insubstantial degree, engage in any activities or exercise any powers that are not in furtherance of the primary purpose of this…

$4Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCommunity First Lending
EINHdr · item D45-4715883
Principal addressHdr · item CRichmond, CA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L20)
Ruling yearIRS BMFSep 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Community First Lending executive salaries →

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Statement of Revenue

Part VIII
Program service revenue100%$22K
Total revenueLn 12$22K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.12 Management & general $0.88
Program services12%$4K
Management & general88%$32K
Total functional expensesLn 25$36K

Balance Sheet

Part X · end of year
CashLn 1$987K
Total assetsLn 16$1.5M
Total liabilitiesLn 26$837K
Total net assetsLn 32$691K
Months of cash on handcomputed325.2

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $987K · Operating expenses/yr $36K
325.2 months
Where the money goes
Program services
Program services $4K · Total expenses $36K
12%
Management & General
Management & general $32K · Total expenses $36K
88%
Fundraising
Fundraising $0 · Total expenses $36K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $22K
0%
Government reliance
Government grants — · Total revenue $22K
Earned-income share
Program service revenue $22K · Total revenue $22K
100%
Investment reliance
Investment income $0 · Total revenue $22K
0%
Program self-sufficiency
Program service revenue $22K · Total expenses $36K
62%
Growth & trend
Revenue growth (YoY)
This year $22K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $691K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $22K · Expenses $36K
-62%
Liabilities-to-Assets
Total liabilities — · Total assets $1.5M
Net-asset ratio
Net assets $691K · Total assets $1.5M
45%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.5M
0%
People & payroll
Highest Reported Total Compensation
Individual Annie King- Meredith · Reported title Director · Highest reported compensation $0 · Total expenses $36K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $36K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 12%
Overhead ratio 88%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 18%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$79K revenue · ⤓ 990 PDF
FY2023$264K revenue · ⤓ 990 PDF
FY2022$78K revenue · ⤓ 990 PDF
FY2021$235K revenue · ⤓ 990 PDF
FY2020$22K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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