Community First Capital Corp
Nonprofit profile at a glance
- EIN
- 200185800
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Lancaster, PA, USA
- Phone
- 7173932351
- Rating
- 59
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Urban, Community Economic Development
Reported finances
- Revenue
- $598,382
- Expenses
- $348,545
- Assets
- $8,330,521
- Liabilities
- $5,830,521
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- ED GALLAGHER (PRESIDENT)
Highest reported compensation
- JOAN BRODHEAD (DIRECTOR): $237,751 total reported compensation
- DRAGAN DODIK (DIRECTOR): $222,398 total reported compensation
- ED GALLAGHER (PRESIDENT): $205,679 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To make loans available to persons living, working or interested in developing deteriorated communities and businesses located in pa, central pa and the surrounding communitites, to create jobs and affordable housing, and to provide business counseling, thereby reducing poverty and reducing the burdens of government.
What it reported doing in 2024
Community first capital corp makes community business and redevelopment loans, including loans that may be guaranteed by the u.s. Small business administration (sba). In march 2020 in response to the covid-19 pandemic, the organization shifted its efforts to promotion of the sba paycheck protection program (ppp) to businesses located in low-income communities and owned by people of color. As of june 30, 2025, the organization has 83 loans outstanding including 3 ppp loans. The total loans outstanding at june 30, 2025 is 7,319,646 including accrued interest and loan fees.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - Most voting board members are independent and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 27
- Transparency & Controls: 66
- Accountability: 100
- Sustainability: 73
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 23.7%; rating input score 24
- Program expense ratio: 40.7%; rating input score 41
- Fundraising efficiency: $0 raised per $1 spent on fundraising; rating input score 1; 1st percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Scored; rating input score 0
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 41.8%; rating input score 90; 90th percentile among comparable filings
- Total-asset coverage ratio: 23.9; rating input score 97; 97th percentile among comparable filings
- Liabilities to assets ratio: 0.7; rating input score 11; 11th percentile among comparable filings
- Officer compensation ratio: 31%; rating input score 6; 6th percentile among comparable filings
Growth
- Program expense growth: 7.5% per year; rating input score 100; 54th percentile among comparable filings
- Revenue growth: 6.5% per year; rating input score 100; 52nd percentile among comparable filings
- Asset growth: 9% per year; rating input score 100; 55th percentile among comparable filings
Details
- Where the money goes: 23.7% of revenue deployed · 40.7% of spending went to programs
- Governance: 5 of 5 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $142K in reported program spending
- Leadership: top reported pay $238K · 5 people listed · 1 of 6 pay-setting controls reported
- Consistency: 14 of 14 current checks pass
- Schedules: 5 filed schedules · includes executive pay and related organizations
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 24/100.
- Moderate — Financial Efficiency: Program expense ratio scored 41/100.
- High — Financial Efficiency: Fundraising efficiency scored 1/100.
- High — Transparency & Controls: Related-party transparency scored 0/100.
- High — Sustainability: Officer compensation ratio scored 6/100.
- High — Sustainability: Liabilities to assets ratio scored 11/100.