ENTERPRISE COMMUNITY INVESTMENT INC (EIN 521206840) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1981

Legal Domicile

Principal Officer

DAVID RANDS

Phone

4109641230

Tax Period

2024-01-01 to 2024-12-31

ENTERPRISE COMMUNITY INVESTMENT INC, founded in 1981, is a mid-sized nonprofit in the Housing & Shelter sector that reported $94.1M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Net assets of $488.3M represent 62 months of operating reserves.

Mission

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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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $705,770

Program Service Revenue $54,417,810

Investment Income $2,129,315

Other Revenue $36,866,312

TOTAL REVENUE $94,119,207

Expense Breakdown

Grants Paid $6,710,862

Salaries & Benefits $51,003,520

Fundraising Expenses $0

Program Expenses $87,749,686

Other Expenses $36,629,322

TOTAL EXPENSES $94,343,704

Year-over-Year Comparison

	2024	2023	Change
Revenue	$94,119,207	$111,157,272	-0.2%
Expenses	$94,343,704	$93,600,356	+0.0%
Net Income	$-224,497	$17,556,916	-1.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

328

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$4,804,654

Total Directors

$1,843,876

Key Employees

$2,106,007

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP PORTER	SVP, HEAD OF ACQUISTIONS, EHCI	40.00	Highest	$2,068,460	$58,996	$2,127,456
CHRISTOPHER HERRMANN	EVP, HEAD OF REAL ESTATE EQUITY	1.00	Officer	$1,280,647	$58,392	$1,339,039
KARI DOWNES	EVP, HEAD OF EHCI	40.00	Key Emp	$1,001,866	$55,946	$1,057,812
SCOTT HOEKMAN	PRESIDENT, EHCI UNTIL 04/2024	40.00	Key Emp	$1,022,687	$25,508	$1,048,195
SHAUN DONOVAN	DIRECTOR	1.00	Director	$0	$55,845	$972,719
LORI CHATMAN	PRESIDENT	37.00	Officer Director	$833,077	$38,080	$871,157
THOMAS EASTMAN	VP, ACQUISITIONS, EHCI	40.00	Highest	$743,195	$47,850	$791,045
REAGAN MAECHLING	MANAGING DIR., ACQUISITIONS, EHCI	40.00	Highest	$714,769	$61,946	$776,715
BRIAN WINDLEY	VP, ACQUISITIONS, EHCI	40.00	Highest	$660,423	$54,973	$715,396
WILLIAM BECKMANN	SVP & CFO UNTIL 10/2024	13.00	Officer	$560,180	$47,850	$608,030
LINDA MANLEY	SVP, CLO & SECRETARY	12.00	Officer	$521,668	$58,996	$580,664
DANIELLE GLOSTER	VP, INVESTOR RELATIONS	40.00	Highest	$537,400	$26,031	$563,431
LIANNA PETROSKI	SVP, HEAD OF ACQUISTIONS, REE	40.00	Officer	$507,116	$54,740	$561,856
MIKKI GALLOWAY	SVP & CHRO AS OF 03/2024	8.00	Officer	$391,571	$10,983	$402,554
JEFFREY GALENTINE	VP & TREASURER	14.00	Officer	$276,448	$52,327	$328,775
CHARLES WERHANE	FORMER PRESIDENT AND CEO	0.00		$250,000	$0	$250,000
DAVID RANDS	SVP & CFO AS OF 10/2024	13.00	Officer	$105,266	$7,313	$112,579
RICK LAZIO	CHAIRMAN	1.00	Director	$0	$0	$0
ALICE CARR	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW GARVEY	DIRECTOR	1.00	Director	$0	$0	$0
DON LAYTON	DIRECTOR	1.00	Director	$0	$0	$0
CARL JENKINS	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$94,119,207	$94,343,704	$533,991,161	$-224,497
2023	$111,157,272	$93,600,356	$530,215,633	$17,556,916
2022	$103,535,735	$87,434,045	$515,265,643	$16,101,690
2021	$100,404,144	$92,309,753	$513,664,307	$8,094,391
2020	$86,479,995	$86,649,085	$401,354,272	$-169,090
2019	$78,799,555	$74,665,905	$340,739,769	$4,133,650
2018	$204,432,628	$64,442,776	$295,958,976	$139,989,852

ENTERPRISE COMMUNITY INVESTMENT INC