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Community First Lending FY2022 filing

Tax-deductible

Richmond, CA501(c)(3)HousingEIN 45-4715883

The Corporation is organized exclusively to benefit and support Community Housing Development Corporation of North Richmond ("CHDC"), in carrying out its purposes, in accordance with the provisions of IRS 509(a)(3) by securing capital from federal, state and local governments and from private sources to assist in providing financing for low and moderate income housing and establishing a revolving loan fund which will provide loans to low and moderate income households for the purpose of assisting in the purchase of affordable housing and/or communities, in furtherance of one of CHDC's charitable purposes.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $6K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
82 mo
of spending, in cash
Looks good: 82.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.7M
63% of total assets
Fine: liabilities are 63% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$78K
-67% vs prior year
Spent
$191K
To programs
84%
Net assets
$1.0M
By yearFY2020–FY2024
Revenue
$78K
FY2022▼ -67%
Revenue by fiscal year
FY2020$22K
FY2021$235K
FY2022$78K
FY2023$264K
FY2024$79K
Expenses
$191K
FY2022▲ +54%
Expenses by fiscal year
FY2020$36K
FY2021$124K
FY2022$191K
FY2023$117K
FY2024$178K
Net assets
$1.0M
FY2022▼ -10%
Net assets by fiscal year
FY2020$691K
FY2021$1.1M
FY2022$1.0M
FY2023$1.2M
FY2024$1.1M

From the FY2022 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CCommunity First Lending
EINHdr · item D45-4715883
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFSep 2014
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CRichmond, CA
NTEE classificationIRS BMFHousing (L20)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.16
Program services84%$160K
Management & general16%$30K
Total functional expensesLn 25$191K

Finances

Money in and out, what it owns and owes

Net inflow
-145%
revenue over expenses, this year
Pass-through gifts
44%
of revenue from contributions
Program spending
84%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$2.7M
FY2022▲ +56%
Total assets by fiscal year
FY2020$1.5M
FY2021$1.7M
FY2022$2.7M
FY2023$2.3M
FY2024$2.6M
Total liabilities
$1.7M
FY2022▲ +177%
Total liabilities by fiscal year
FY2020$837K
FY2021$612K
FY2022$1.7M
FY2023$1.1M
FY2024$1.5M
Revenue less expensesPt I · Ln 19−$113K
Total assetsPt X · Ln 16$2.7M
Spent on programsPt IX · col B84%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$1.3M
Total assetsLn 16$2.7M
Total liabilitiesLn 26$1.7M
Total net assetsLn 32$1.0M
Months of cash on handcomputed82.4

Statement of Revenue

Part VIII
Program service revenue$44K · 56%
Contributions & grants$34K · 44%
Program service revenue56%$44K
Contributions & grants44%$34K
Total revenueLn 12$78K

Money in detail

Form 990 · FY2022 · each figure shown with the dollars behind it
Cash and giving out
Months of spending covered by cash
Cash and easy-to-sell investments $1.3M · Operating expenses/yr $191K
82.4 months
Where the money goes
Program services
Program services $160K · Total expenses $191K
84%
Management & General
Management & general $30K · Total expenses $191K
16%
Fundraising
Fundraising $0 · Total expenses $191K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $11K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $34K · Total revenue $78K
44%
Government reliance
Government grants — · Total revenue $78K
—
Earned-income share
Program service revenue $44K · Total revenue $78K
56%
Investment reliance
Investment income $0 · Total revenue $78K
0%
Program self-sufficiency
Program service revenue $44K · Total expenses $191K
23%
Growth & trend
Revenue change from last year
This year $78K · Prior year $235K
-67%
Net assets change over the year
End of year $1.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus or deficit, as % of revenue
Revenue $78K · Expenses $191K
-145%
Debts compared to what it owns
Total liabilities — · Total assets $2.7M
—
Net assets compared to what it owns
Net assets $1.0M · Total assets $2.7M
37%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $2.7M
0%
People & payroll
Highest Reported Total Compensation
Individual Annie King- Meredith · Reported title Director · Highest reported compensation $0 · Total expenses $191K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $156K · Total expenses $191K
82%
Peer comparison

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

MetricThis orgPeer medianPercentile
Spent on programs 84%——
Spent on management, % of spending 16%——
Fundraising cost, % of gifts 0%——
Revenue growth -67%——
Investment manager fees, % of assets 0%——
Legal fees, % of spending 3%——
Accounting fees, % of spending 5%——
Paid fundraiser fees, % of spending 0%——

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

Leadership and pay

Who runs it, and what are they paid?

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
Marena Brown
Director
$0Pt VII · Sec A
Jenny Hicks
President
$0Pt VII · Sec A
Larry Taylor
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Community First Lending executive salaries →

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Governance & Policies

Part VI
  • 5Voting board membersPt VI · Ln 1a
  • 5Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Secures funding to help low-income families buy affordable homes.

Provided by the organization

This section is blank until Community First Lending claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $160K of program spending, described in the organization's own filed words · FY2022.
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…

$160Kprogram expense

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Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $79K$178K-70% 990 PDF
FY2023 $264K$117K+240% 990 PDF
FY2022 Viewing $78K$191K-67% 990 PDF
FY2021 $235K$124K×10 990 PDF
FY2020 $22K$36K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Full filing: Form 990 for FY2022

Every line we hold from the return, cited to its Part and line.
Part VIII · Statement of revenue $77,682 across 9 lines filed
VIII-1f All other contributions, gifts and grants$34,000
VIII-1h Total contributions, gifts and grants$34,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $43,682$43,682
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $43,682$77,682
Part IX · Statement of functional expenses $190,586 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $137,814$137,814
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $7,700$7,700
IX-10 Payroll taxesPrograms $10,396$10,396
IX-11a Management fees$0
IX-11b Legal feesManagement $5,316$5,316
IX-11c Accounting feesManagement $9,100$9,100
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $2,656$2,656
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $663$663
IX-14 Information technologyManagement $5,966$5,966
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $2,924$2,924
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $81$81
IX-23 InsuranceManagement $5,958$5,958
IX-24 Other expenses (24a–d)Programs $552 · Management $1,460$2,012
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $160,130 · Management $30,456 · Fundraising $0$190,586
Part X · Balance sheet $2,704,680 assets, 20 lines filed
Asset lines not itemized here account for $1,380,095; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,263,469$1,308,693
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $5,025$580
X-10c Land, buildings and equipment, netStart of year $81$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $13,644$15,312
X-16 Total assetsStart of year $1,734,329$2,704,680
X-17 Accounts payable and accrued expensesStart of year $2,500$41,796
X-25 Other liabilitiesStart of year $609,940$1,653,899
X-26 Total liabilitiesStart of year $612,440$1,695,695
X-27 Net assets without donor restrictionsStart of year $405,132$292,228
X-28 Net assets with donor restrictionsStart of year $716,757$716,757
X-32 Total net assets or fund balancesStart of year $1,121,889$1,008,985
X-33 Total liabilities and net assetsStart of year $1,734,329$2,704,680
Part XI · Reconciliation of net assets $1,008,985 net assets at year end
XI-1 Total revenue$77,682
XI-2 Total expenses$190,586
XI-3 Revenue less expenses−$112,904
XI-4 Net assets at start of year$1,121,889
XI-10 Net assets at end of year$1,008,985

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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