Enterprise Community Investment Inc
- Assets
- $513.7m
- Revenue
- $100.4m
- Investments
- $0.0
- Employees
- 251
- Location
- Columbia, MD
- Founding
- 06/2012
- Data as of
- 12/2021
- EIN
- 52-1206840
Organization Overview
Enterprise Community Investment Inc is located in Columbia, MD. The organization was established in 2012. According to its NTEE Classification (L12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Enterprise Community Investment Inc employed 251 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Enterprise Community Investment Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Enterprise Community Investment Inc generated $100.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $92.3m during the year ending 12/2021. While expenses have increased by 9.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENTERPRISE'S MISSION IS TO MAKE HOME AND COMMUNITY PLACES OF PRIDE, POWER AND BELONGING, AND PLATFORMS FOR RESILIENCE AND UPWARD MOBILITY FOR ALL LOW AND MODERATE INCOME PEOPLE.ALL OUR EFFORTS SUPPORT OUR STRATEGIC GOALS TO INCREASE HOUSING SUPPLY, ADVANCE RACIAL EQUITY AND BUILD RESILIENCE AND UPWARD MOBILITY.THE ORGANIZATION RAISES PRIVATE CAPITAL THROUGH INVESTMENT AND BY FORMING EFFECTIVE PARTNERSHIPS. THROUGH IDENTIFYING AND CHANNELING CAPITAL TO QUALIFIED PARTNERS, IN ADDITION TO TECHNICAL, ACQUISITION AND FINANCING ASSISTANCE, WE BRING NATIONAL DOLLARS AND KNOW-HOW TO LOCAL COMMUNITIES FOR CRITICAL INVESTMENT IN LOW AND MODERATE INCOME AFFORDABLE HOUSING AND COMMUNITY DEVELOPMENT BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Porter Vp, Acquisitions | 40 | $1,843,227 | |
Charles Werhane President & Chief Executive Officer | Trustee | 38 | $1,341,956 |
Christopher Herrmann Senior Vice President | Officer | 40 | $1,254,377 |
Scott Hoekman Pres. & Ceo, Ehci Llc | Officer | 40 | $838,025 |
Brian Windley Vp, Acquisitions | 40 | $778,904 | |
Thomas Eastman Vp, Acquisitions - Ehci | 40 | $761,570 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cohnreznick Llp Audit And Tax Services | 12/30/21 | $2,771,802 |
Dla Piper Llp Legal | 12/30/21 | $540,984 |
Collaborative Solutions Llc It Consultants | 12/30/21 | $1,485,358 |
Gallagher Evelius & Jones Llp Legal | 12/30/21 | $538,970 |
Bocarsly Emden Cowan Esmail & Arndt Llp Legal | 12/30/21 | $465,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $65,424,759 |
| Investment income | $690,130 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $7,841,474 |
| 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 | $100,404,144 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,941,795 |
| 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. | $5,533,906 |
| Compensation of current officers, directors, key employees. | $444,267 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,115,366 |
| Pension plan accruals and contributions | $851,854 |
| Other employee benefits | $4,894,890 |
| Payroll taxes | $2,174,363 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $167,923 |
| Fees for services: Accounting | $595,216 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,811,043 |
| Advertising and promotion | $707,291 |
| Office expenses | $262,993 |
| Information technology | $3,887,298 |
| Royalties | $7,841,474 |
| Occupancy | $1,864,248 |
| Travel | $103,593 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,981 |
| Interest | $3,365,384 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,793,380 |
| Insurance | $208,379 |
| All other expenses | $508,766 |
| Total functional expenses | $92,309,753 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,017,432 |
| Savings and temporary cash investments | $336,519 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $78,659,108 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $50,791,068 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,955,123 |
| Net Land, buildings, and equipment | $8,166,162 |
| Investments—publicly traded securities | $6,192,139 |
| Investments—other securities | $0 |
| Investments—program-related | $296,546,756 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $513,664,307 |
| Accounts payable and accrued expenses | $23,234,663 |
| Grants payable | $0 |
| Deferred revenue | $4,887,525 |
| 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 | $85,716,728 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $430,064 |
| Total liabilities | $114,268,980 |
| Net assets without donor restrictions | $363,699,765 |
| Net assets with donor restrictions | $35,695,562 |
| 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 | $513,664,307 |
Grants Awarded
Over the last fiscal year, Enterprise Community Investment Inc has awarded $18,941,795 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Columbia, MD PURPOSE: GENERAL SUPPORT | $18,691,795 |
Columbia, MD PURPOSE: GENERAL SUPPORT | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Enterprise Community Investment Inc Columbia, MD | $513,664,307 | $100,404,144 |
Washington Area Community Investment Fund Inc Washington, DC | $14,906,500 | $7,620,930 |
Brethren Home Foundation New Oxford, PA | $93,081,765 | $10,604,405 |
Community Lenders Community Development Corporation Souderton, PA | $50,531,502 | $2,129,949 |
St Josephs Villa Foundation Richmond, VA | $27,697,790 | $1,723,000 |
Friends Of The Light House Shelter Inc Annapolis, MD | $129,412 | $360,459 |
National Lutheran Home For The Aged Incorporated Frederick, MD | $91,975,330 | $1,994,503 |
Faithworks Inc Winchester, VA | $18,501 | $230,860 |
Luther Foundation Of Southern Chester County Inc Unionville, PA | $1,419,392 | $238,986 |
Danville Lions Foundation Inc Danville, VA | $3,088 | $202,004 |
The Donorsee Foundation Fairfax Station, VA | $2,756 | $0 |
Arkadia Triangle Fund Warminster, PA | $6,264 | $44,077 |