Organizations Filed Purposes:
TO PROMOTE COMMUNITY AND WORK-BASED ECONOMIC DEVELOPMENT. THE ORGANIZATION PROVIDES LOANS FOR COMMUNITY PROJECTS AND TECHNICAL ASSISTANCE TO HOUSING & ECONOMIC DEVELOPMENT PROJECTS THAT HAVE A DIRECT AND MEASURABLE BENEFIT TO LOW INCOME PERSONS AND CONTRIBUTE TO SOCIAL PROGRESS AND ECONOMIC DEVELOPMENT IN THE SOUTH CENTRAL PENNSYLVANIA REGION.
TO PROVIDE LOANS AND TECHNICAL ASSISTANCE TO HOUSING & ECONOMIC DEVELOPMENT PROJECTS THAT HAVE A DIRECT AND MEASURABLE BENEFIT FOR LOW INCOME PERSONS AND CONTRIBUTE TO SOCIAL PROGRESS AND ECONOMIC DEVELOPMENT.
DURING THE YEAR, COMMUNITY FIRST FUND CLOSED 128 NEW BUSINESS DEVELOPMENT LOANS. THE ORGANIZATION FINANCED 140 HOUSING UNITS FOR LOW AND MODERATE INCOME INDIVIDUALS. THROUGH THE ORGANIZATIONS FINANCING EFFORTS, 3,915 JOBS WERE CREATED OR RETAINED, AND 358,086 SQUARE FEET OF BUSINESS REAL ESTATE WAS DEVELOPED OR REHABBED. IN MARCH 2020 IN RESPONSE TO THE COVID- 19 PANDEMIC, THE ORGANIZATION SHIFTED ITS FOCUS TO PARTICIPATION IN AND PROMOTION OF VARIOUS GRANT AND LOAN PROGRAMS TO BUSINESSES LOCATED IN LOW- INCOME COMMUNITIES AND OWNED BY PEOPLE OF COLOR. BY JUNE 30, 2020, THE ORGANIZATION HAD DIRECTLY PROVIDED EMERGENCY FINANCIAL RELIEF IN THE FORM OF LOW-INTEREST LOANS TO 24 BUSINESSES AND HAD MANAGED THE PROGRAM TO FUND 461 SBA PAYCHECK PROTECTION PROGRAM LOANS TOTALING 15,784,735 THROUGH ITS SUBSIDIARY COMMUNITY FIRST CAPITAL CORP.
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.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Daniel Betancourt | PRESIDENT & | 40 | $242,784 |
| James Buerger | SENIOR VP | 40 | $152,000 |
| Joan Brodhead | EXEC VP & CO | 40 | $149,447 |
| Daniel Beck | VP SR COMM L | 40 | $104,196 |
| Michael Carper | CHIEF CREDIT | 40 | $96,767 |
| Ken Hammaker | VP COMM LEND | 40 | $93,186 |
| Lloyd Shields | CFO | 40 | $84,081 |
| Anthony Pappion | SR VP, CFO | 40 | $0 |
| David A Schankweiler | CHAIRMAN | 2 | $0 |
| Charlie Santiago | BOARD MEMBER | 1 | $0 |
| R Eric Menzer | BOARD MEMBER | 1 | $0 |
| Gerald W Meck | BOARD MEMBER | 1 | $0 |
| Carlos Lopez | VICE CHAIR | 2 | $0 |
| Samuel T Cooper Iii | BOARD MEMBER | 1 | $0 |
| Marilyn Hedge | SECRETARY | 2 | $0 |
| Dana Hanchin | BOARD MEMBER | 1 | $0 |
| Jonathan Encarnacion | BOARD MEMBER | 1 | $0 |
| Gregory J Edward | BOARD MEMBER | 1 | $0 |
| Natalia Dominguez Buckley | BOARD MEMBER | 1 | $0 |
| Jonathan Bowser | TREASURER | 1 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202100949349300200_public.xml