Enterprise Community Loan Fund Inc
- Assets
- $332.8m
- Revenue
- $26.0m
- Investments
- $1.5m
- Employees
- 45
- Location
- Columbia, MD
- Founding
- 08/1990
- Data as of
- 12/2021
- EIN
- 52-0192004
Organization Overview
Enterprise Community Loan Fund Inc is located in Columbia, MD. The organization was established in 1990. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Enterprise Community Loan Fund Inc employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Enterprise Community Loan Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Enterprise Community Loan Fund Inc generated $26.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $14.2m during the year ending 12/2021. While expenses have increased by 4.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Enterprise Community Loan Fund Inc has awarded 14 individual grants totaling $300,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DELIVER INNOVATIVE FINANCIAL PRODUCTS AND TECHNICAL ASSISTANCE TO ORGANIZATIONS TO ACQUIRE, DEVELOP, AND PRESERVE QUALITY AFFORDABLE HOUSING AND TO REVITALIZE COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENTERPRISE COMMUNITY LOAN FUND HAS GENERATED CUMULATIVE LOAN VOLUME (INCLUDING COMMITMENTS) OF MORE THAN $2.3 BILLION, SUPPORTING THE DEVELOPMENT OR PRESERVATION OF AFFORDABLE HOUSING.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Chatman President | Officer | 40 | $463,165 |
Charlotte Crow Senior Vice President And Treasurer | Officer | 40 | $268,402 |
Timothy Martin Vice President And Chief Credit Officer | Officer | 40 | $242,682 |
Elise Balboni Senior Vice President, Strategic Initiatives & Cap | Officer | 40 | $234,274 |
James Clarke Vice President And Chief Lending Officer | Officer | 40 | $223,228 |
William Lambe III Sr. Director, Strategic Initiatives And Business D | 40 | $205,351 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,000,000 |
| Government grants | $4,372,795 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,685,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,057,795 |
| Total Program Service Revenue | $14,913,018 |
| Investment income | $25,940 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,996,753 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $171,914 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,594,872 |
| Compensation of current officers, directors, key employees. | $357,423 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,637,746 |
| Pension plan accruals and contributions | $113,915 |
| Other employee benefits | $158,123 |
| Payroll taxes | $258,953 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $562,032 |
| Fees for services: Accounting | $603,278 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $594,121 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $656,394 |
| Royalties | $0 |
| Occupancy | $301,637 |
| Travel | $6,782 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,599,482 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $99,833 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $14,161,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $66,725,926 |
| Pledges and grants receivable | $2,546,530 |
| Accounts receivable, net | $2,210,842 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $247,816,400 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $584,181 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,462,354 |
| Investments—program-related | $11,458,509 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $332,804,742 |
| Accounts payable and accrued expenses | $1,693,370 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $54,425,018 |
| Unsecured mortgages and notes payable | $170,801,064 |
| Other liabilities | $2,698,703 |
| Total liabilities | $229,618,155 |
| Net assets without donor restrictions | $71,489,977 |
| Net assets with donor restrictions | $31,696,610 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $332,804,742 |
Grants Awarded
Over the last fiscal year, Enterprise Community Loan Fund Inc has awarded $71,914 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
DOUGLAS MEMORIAL COMMUNITY CHURCH VILLAGE INC PURPOSE: LENDER SUPPORT DURING COVID-19 PANDEMIC | $31,914 |
EJMS MARLBOROUGH LDHA PURPOSE: LENDER SUPPORT DURING COVID-19 PANDEMIC | $30,000 |
AQUINAS APARTMENTS PURPOSE: LENDER SUPPORT DURING COVID-19 PANDEMIC | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Enterprise Community Loan Fund Inc has recieved totaling $1,000,000.
| Awarding Organization | Amount |
|---|---|
Enterprise Community Partners Inc Columbia, MD PURPOSE: CAPACITY BUILDING | $1,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Enterprise Community Development Inc Columbia, MD | $150,433,261 | $43,987,858 |
Viecare Beaver Llc Cranberry Township, PA | $43,089,373 | $46,860,704 |
Renewal Housing Inc North Bethesda, MD | $14,557,789 | $3,551,240 |
Columbus Property Management & Development Inc Philadelphia, PA | $30,446,777 | $36,581,885 |
Washington Housing Conservancy Inc Washington, DC | $420,260,184 | $21,973,797 |
Ahc Inc Arlington, VA | $252,147,992 | $33,394,070 |
Mainstay Life Services Pittsburgh, PA | $23,133,484 | $27,133,047 |
Frontline Community Services Inc Beltsville, MD | $6,957,560 | $20,985,182 |
Shared Support South Inc Warrington, PA | $9,549,705 | $20,704,692 |
Viecare Butler Llc Cranberry Township, PA | $15,820,808 | $20,591,438 |
Valley View Haven Inc Belleville, PA | $35,512,325 | $21,268,828 |
Montgomery Housing Partnership Inc Silver Spring, MD | $117,127,971 | $17,924,784 |