ENTERPRISE COMMUNITY DEVELOPMENT I… - Form 990 Financial Data

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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

2001

Legal Domicile

Principal Officer

JANINE LIND

Phone

4102302100

Tax Period

2023-01-01 to 2023-12-31

ENTERPRISE COMMUNITY DEVELOPMENT INC, founded in 2001, is a mid-sized nonprofit in the Housing & Shelter sector that reported $64.1M in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $78.6M exceeded revenue, resulting in a 23% operating deficit.

Mission

THE MISSION OF ENTERPRISE COMMUNITY DEVELOPMENT (ECD) IS TO DEVELOP, PRESERVE AND MANAGE HOUSING IN DIVERSE, THRIVING COMMUNITIES FOR PEOPLE OF LOW TO MODERATE INCOME. ECD WORKS IN PARTNERSHIP WITH RESIDENTS OF ITS HOUSING DEVELOPMENTS TO ESTABLISH SERVICE PROGRAMS THAT STRENGTHEN THEIR COMMUNITIES AND INCREASE OPPORTUNITIES FOR INDIVIDUAL GROWTH AND UPWARD MOBILITY FOR ALL.

Program Service Accomplishments

Program 1

Expenses: $56,429,540 Revenue: $33,485,725

MANAGEMENT OF AFFORDABLE RENTAL PROPERTIES AVAILABLE TO LOW- AND MODERATE- INCOME INDIVIDUALS AND FAMILIES IN THE MID-ATLANTIC REGION.

Program 2

Expenses: $11,509,566 Revenue: $13,101,547

DEVELOPMENT OF PROPERTIES FOR EITHER RENTAL OR SALE TO LOW- AND MODERATE- INCOME INDIVIDUALS AND FAMILIES IN THE MID-ATLANTIC REGION.

Program 3

Expenses: $6,051,035 Revenue: $897,021

WE PROVIDE RESIDENT SERVICES PROGRAMS TO RESIDENTS OF OUR RENTAL PROPERTIES DESIGNED TO CONNECT THEM WITH OPPORTUNITIES AND MAKE OUR PROPERTIES PLACES OF PRIDE AND BELONGING. PROGRAMMING IS TAILORED TO THE NEEDS OF RESIDENTS AT EACH PROPERTY AND INCLUDES FOOD ASSISTANCE, HEALTH AND WELLNESS PROGRAMS, FINANCIAL COUNSELING, YOUTH PROGRAMMING AND CONNECTION TO PARTNERS PROVIDING ADDITIONAL SERVICES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $9,215,743

Program Service Revenue $47,484,293

Investment Income $899,795

Other Revenue $6,461,247

TOTAL REVENUE $64,061,078

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,966,366

Fundraising Expenses $770,458

Program Expenses $73,990,141

Other Expenses $27,589,324

TOTAL EXPENSES $78,590,690

Year-over-Year Comparison

	2023	2022	Change
Revenue	$64,061,078	$45,087,817	+0.4%
Expenses	$78,590,690	$60,963,101	+0.3%
Net Income	$-14,529,612	$-15,875,284	-0.1%

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

659

Volunteers

514

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

$4,786,609

Total Directors

$2,022,060

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADRIAN WASHINGTON	DIRECTOR	1.00	Director	$0	$0	$0
ALBERT GENTRY	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN MCLAUGHLIN	PRESIDENT UNTIL 4/2023	38.00	Officer Director	$856,601	$4,036	$860,637
J RONALD TERWILLIGER	DIRECTOR	1.00	Director	$0	$0	$0
JAMES BRODSKY	DIRECTOR	1.00	Director	$0	$0	$0
LORI CHATMAN	DIRECTOR	1.00	Director	$0	$34,773	$900,026
RONALD RATNER	DIRECTOR	1.00	Director	$0	$0	$0
SHAUN DONOVAN	DIRECTOR AS OF 9/2023	1.00	Director	$0	$12,827	$261,397
CHRISTINE MADIGAN	INTERIM PRES, EVP & CBO AS 4/2023	38.00	Officer	$613,658	$48,512	$662,170
JEFFREY GALENTINE	TREASURER	4.00	Officer	$0	$49,035	$315,901
KELLY SHIFLETT	SVP AND CFO	38.00	Officer	$578,180	$55,562	$633,742
LINDA MANLEY	CLO & SEC.	1.00	Officer	$0	$56,834	$543,287
ROBERT FOSSI	SVP, REAL ESTATE DEVELOPMENT	38.00	Officer	$379,650	$56,184	$435,834
SHELYNDA BROWN	VP, REAL ESTATE	40.00	Officer	$256,633	$46,794	$303,427
STACIE BIRENBACH	VP, REAL ESTATE DEVT. AS OF 12/2023	40.00	Officer	$259,322	$20,028	$279,350
STEPHANIE SHACK	GEN. COUNSEL & SEC. UNTIL 12/2023	2.00	Officer	$0	$7,249	$334,781
TODD DEL TUFO	VP, ASSET MANAGEMENT	38.00	Officer	$358,939	$43,427	$402,366
RESHMA HOLLA	VP, DEV STRAT & IMPACT AS OF 12/2023	40.00	Officer	$15,114	$0	$15,114
EDWIN HOWE	VP, DEV. SOURCING & STRUCTURING	40.00	Highest	$339,111	$34,654	$373,765
GARY HANLEY	VP, FINANCE ECD	40.00	Highest	$267,114	$39,220	$306,334
GAYLE FILO	PRESIDENT, ENTERPRISE RESIDENTIAL	40.00	Highest	$377,337	$25,347	$402,684
REBECCA WARNTZ	VP, DESIGN AND CONSTRUCTION	40.00	Highest	$295,117	$52,989	$348,106
MATTHEW ENGEL	SR. DIR., REAL ESTATE DEVELOPMENT	40.00	Highest	$234,219	$51,071	$285,290
CHARLES WERHANE	FORMER DIRECTOR	0.00		$0	$0	$250,000

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	No data	No data	No data	No data
2023	$64,061,078	$78,590,690	$280,417,408	$-14,529,612
2022	$45,087,817	$60,963,101	$229,423,651	$-15,875,284
2021	$43,987,858	$49,817,291	$150,433,261	$-5,829,433
2019	$29,245,685	$30,576,931	$54,120,771	$-1,331,246
2018	$24,062,408	$28,219,440	$57,200,220	$-4,157,032

ENTERPRISE COMMUNITY DEVELOPMENT INC