Enterprise Community Development Inc
- Assets
- $150.4m
- Revenue
- $44.0m
- Investments
- $752.8k
- Employees
- 599
- Location
- Columbia, MD
- Founding
- 02/1995
- Data as of
- 12/2021
- EIN
- 52-1888775
Organization Overview
Enterprise Community Development Inc is located in Columbia, MD. The organization was established in 1995. 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 Development Inc employed 599 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Enterprise Community Development 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 Development Inc generated $44.0m in total revenue. All expenses for the organization totaled $49.8m during the year ending 12/2021. While expenses have increased by 158.4% per year over the past 6 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
MANAGEMENT OF AFFORDABLE RENTAL PROPERTIES AVAILABLE TO LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES IN THE MID-ATLANTIC REGION.
DEVELOPMENT OF PROPERTIES FOR EITHER RENTAL OR SALE TO LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES IN THE MID-ATLANTIC REGION.
ECD HAS BEEN PROVIDING RESIDENT SERVICES PROGRAMMING THROUGH OUR 501(C)(3) AFFILIATE, COMMUNITY PRESERVATION AND DEVELOPMENT CORPORATION (CPDC), FOR MANY YEARS. DURING 2021 THESE SERVICES WERE TRANSITIONED FROM CPDC TO ECD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian P Mclaughlin President | OfficerTrustee | 38 | $611,828 |
Christine Madigan Evp And Chief Business Officer | Officer | 38 | $583,387 |
Gayle Filo President, Enterprise Residential | 40 | $352,396 | |
Christopher Lopiano Svp, Real Estate (until 5/21) | Officer | 38 | $311,653 |
Edwin Howe III Vp, Development Sourcing And Structuring | 40 | $308,263 | |
Todd Del Tufo Vp, Asset Management | 40 | $305,877 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Soto Architecture & Urban Desigh Pllc Architectural Design | 12/30/21 | $413,380 |
875 Mt Llc | 12/30/21 | $366,151 |
Klein Hornig Llp Legal Services | 12/30/21 | $202,185 |
Bellwether Enterprise Mortgage Investmen Mortgage Banking | 12/30/21 | $159,000 |
Village Settlements Inc Real Estate Attorney | 12/30/21 | $200,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,862,273 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,430,140 |
| Noncash contributions included in lines 1a–1f | $260,895 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,342,413 |
| Total Program Service Revenue | $37,087,000 |
| Investment income | $82,608 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,475,837 |
| 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 | $43,987,858 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,602,683 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $115,721 |
| Fees for services: Accounting | $152,618 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $664,388 |
| Advertising and promotion | $99,563 |
| Office expenses | $121,999 |
| Information technology | $1,670,351 |
| Royalties | $0 |
| Occupancy | $1,108,907 |
| Travel | $187,556 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,127 |
| Interest | $1,223,430 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,313,174 |
| Insurance | $435,387 |
| All other expenses | $170,994 |
| Total functional expenses | $49,817,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,650,060 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,498,375 |
| Accounts receivable, net | $10,889,920 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,447,617 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $418,275 |
| Net Land, buildings, and equipment | $19,593,681 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $752,820 |
| Investments—program-related | $85,761,914 |
| Intangible assets | $0 |
| Other assets | $12,420,599 |
| Total assets | $150,433,261 |
| Accounts payable and accrued expenses | $9,311,999 |
| Grants payable | $0 |
| Deferred revenue | $12,811 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $150,703 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $28,125,651 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $46,258,364 |
| Total liabilities | $83,859,528 |
| Net assets without donor restrictions | $62,833,498 |
| Net assets with donor restrictions | $3,740,235 |
| 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 | $150,433,261 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Enterprise Community Development Inc has recieved totaling $2,583,605.
| Awarding Organization | Amount |
|---|---|
Enterprise Community Partners Inc Columbia, MD PURPOSE: CAPACITY BUILDING | $2,237,000 |
Enterprise Community Investment Inc Columbia, MD PURPOSE: GENERAL SUPPORT | $250,000 |
Baltimore Community Foundation Inc Baltimore, MD PURPOSE: GENERAL SUPPORT AND VARIOUS PROJECTS | $75,000 |
The United Way Of Central Maryland Inc Baltimore, MD PURPOSE: DESIGNATED AND OR GRANTED IN SUPPORT OF AGENCY PROGRAMS | $21,605 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Housing Partners Corporation Christiansburg, VA | $210,530,324 | $87,907,515 |
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 |