ENTERPRISE COMMUNITY PARTNERS INC

EIN: 521231931 501(c)(3) Community Improvement

COLUMBIA, MD

Total Revenue
$159,609,443
Total Expenses
$148,393,215
Total Assets
$941,952,049
Net Assets
$882,537,967
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
MD
Principal Officer
DAVID RANDS
Phone
4109641230
Tax Period
2024-01-01 to 2024-12-31

ENTERPRISE COMMUNITY PARTNERS INC, founded in 1980, is a major nonprofit in the Community Improvement sector that reported $159.6M in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $148.4M left a modest 7% surplus.

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. ENTERPRISE IS THE ONLY NATIONAL NONPROFIT THAT ADDRESSES AMERICA'S AFFORDABLE HOUSING CRISIS FOR LOW AND MODERATE INCOME PEOPLE FROM EVERY ANGLE, COMBINING 40+ YEARS OF EXPERIENCE, THOUSANDS OF LOCAL PARTNERS AND THE EXPERTISE OF OVER 1,649 EMPLOYEES NATIONWIDE INCLUDING OUR AFFILIATED ORGANIZATIONS. WE BRING TOGETHER NATIONWIDE KNOW-HOW, POLICY LEADERSHIP, PARTNERS, DONORS AND INVESTORS TO MULTIPLY THE IMPACT OF LOCAL AFFORDABLE HOUSING DEVELOPMENT AND TO ACHIEVE OUR VISION OF A COUNTRY WHERE HOME AND COMMUNITY ARE STEPPING STONES TO MORE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $132,376,992
Program Service Revenue $8,351,466
Investment Income $7,808,879
Other Revenue $11,072,106
TOTAL REVENUE $159,609,443

Expense Breakdown

Grants Paid $74,525,706
Salaries & Benefits $39,083,805
Fundraising Expenses $6,873,990
Program Expenses $135,103,857
Other Expenses $34,571,779
TOTAL EXPENSES $148,393,215

Year-over-Year Comparison

2024 2023 Change
Revenue $159,609,443 $110,122,180 +0.4%
Expenses $148,393,215 $113,542,808 +0.3%
Net Income $11,216,228 $-3,420,628 -4.3%
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

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Governance

Voting Members
22
Independent Members
21
Employees
300
Volunteers
21

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
14
$5,386,429
Total Directors
22
$972,719
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHAUN DONOVAN TRUSTEE, PRESIDENT & CEO 37.00
Officer Director
$916,874 $55,845 $972,719
RICK LAZIO CHAIRMAN 1.00
Officer Director
$0 $0 $0
PHYLLIS CALDWELL VICE CHAIR 1.00
Officer Director
$0 $0 $0
ELIZABETH BLAKE TRUSTEE 1.00
Director
$0 $0 $0
KEVIN CHAVERS TRUSTEE 1.00
Director
$0 $0 $0
CHRIS COLLINS TRUSTEE 1.00
Director
$0 $0 $0
ANDREW GARVEY TRUSTEE 1.00
Director
$0 $0 $0
ISMAEL GUERRERO TRUSTEE 1.00
Director
$0 $0 $0
SHARON HECK TRUSTEE 1.00
Director
$0 $0 $0
DORA LEONG GALLO TRUSTEE 1.00
Director
$0 $0 $0
DONALD LAYTON TRUSTEE 1.00
Director
$0 $0 $0
CARMEN MIDDLETON TRUSTEE 1.00
Director
$0 $0 $0
SHEKAR NARASIMAHN TRUSTEE 1.00
Director
$0 $0 $0
EDWARD NORTON TRUSTEE 1.00
Director
$0 $0 $0
BARBARA POPPE TRUSTEE 1.00
Director
$0 $0 $0
RONALD PORTER TRUSTEE 1.00
Director
$0 $0 $0
RONALD RATNER TRUSTEE 1.00
Director
$0 $0 $0
JONATHAN ROSE TRUSTEE 1.00
Director
$0 $0 $0
MEGAN SANDEL TRUSTEE 1.00
Director
$0 $0 $0
J RONALD TERWILLIGER TRUSTEE 1.00
Director
$0 $0 $0
SARAH WARTELL TRUSTEE 1.00
Director
$0 $0 $0
DARRIN WILLIAMS TRUSTEE 1.00
Director
$0 $0 $0
ANDREW WARSHAW SVP & COO 37.00
Officer
$806,998 $35,266 $842,264
DAVID RANDS SVP & CFO AND TREAS. AS OF 10/2024 26.00
Officer
$0 $7,313 $112,579
JACQUELINE WAGGONER EVP, SOLUTIONS DIVISION 40.00
Officer
$529,349 $36,845 $566,194
LINDA MANLEY SVP & CHIEF LEGAL OFFICER & SEC. 20.00
Officer
$0 $58,996 $580,664
JUDITH KENDE SVP, CHIEF PROGRAM OFFICER 40.00
Officer
$173,751 $5,241 $178,992
DIANA FALVO SVP, DEVELOPMENT & COMMUNICATIONS 26.00
Officer
$364,717 $35,349 $400,066
BAABA HALM SVP PROGRAMS, OFFICER AS OF 06/24 40.00
Officer
$321,149 $25,008 $346,157
MIKKI GALLOWAY SVP & CHRO AS OF 06/2024 10.00
Officer
$0 $10,983 $402,554
MEAGHAN VLKOVIC SVP, PROGRAMS AS OF 06/2024 40.00
Officer
$280,783 $52,139 $332,922
PAT CAVE SVP, POLICY AS OF 12/2024 40.00
Officer
$43,255 $33 $43,288
WILLIAM BECKMANN SVP & CFO AND TREAS. UNTIL 10/2024 26.00
Officer
$0 $47,850 $608,030
MICHELLE MARSHALL VP & MARKET LEADER, GULF COAST 40.00
Highest
$274,562 $47,829 $322,391
JENNIFER RODGERS VP, DENVER MARKET LEADER 40.00
Highest
$270,973 $52,116 $323,089
DAVID BOWERS VP & MARKET LEADER, MID-ATLANTIC 40.00
Highest
$280,315 $29,961 $310,276
MELINDA CLEMONS VP & MARKET LEADER 40.00
Highest
$270,678 $39,211 $309,889
WILLIAM JENKINS PFC DIRECTOR 40.00
Highest
$279,382 $24,242 $303,624
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 $159,609,443 $148,393,215 $941,952,049 $11,216,228
2023 $110,122,180 $113,542,808 $913,170,085 $-3,420,628
2022 $115,861,908 $116,583,772 $874,866,488 $-721,864
2021 $143,661,999 $143,059,691 $826,795,686 $602,308
2020 $194,824,366 $192,067,579 $741,203,003 $2,756,787
2019 $76,272,619 $111,345,609 $561,165,029 $-35,072,990
2018 $234,843,828 $92,544,042 $576,619,146 $142,299,786
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