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Enterprise Community Partners, Inc. Organization Name provided in the GuideStar Exchange* as of 07/25/2014: Enterprise Community Partners, Inc.

Organization Name as listed in the IRS Business Master File as of 09/08/2014: ENTERPRISE COMMUNITY PARTNERS INC

* The GuideStar Exchange allows nonprofits to regularly update key information directly to GuideStar. It provides richer and broader information about their programs, impact, finances, people and more.

AKA  Enterprise
Columbia, MD

GuideStar Summary

&1002; GuideStar Exchange Organization has not reached a GuideStar Exchange Participation Level ?
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&1002; Registered with IRS Legitimacy information is available
&1002; Evidence of Impact Expert Reviews available
&1002; Financial Data Annual Revenue and Expense data reported
&1002; Forms 990 2012, 2011, and 2010 Forms 990 filed with the IRS
&1002; Mission Objectives Mission Statement is available
&1002; Impact Summary Impact Summary from the nonprofit is available
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Basic Organization Information

Enterprise Community Partners, Inc. Organization Name provided in the GuideStar Exchange* as of 07/25/2014: Enterprise Community Partners, Inc.

Organization Name as listed in the IRS Business Master File as of 09/08/2014: ENTERPRISE COMMUNITY PARTNERS INC

* The GuideStar Exchange allows nonprofits to regularly update key information directly to GuideStar. It provides richer and broader information about their programs, impact, finances, people and more.
Also Known As: Enterprise
Physical Address: Columbia, MD 21044 3400
EIN: 52-1231931
Web URL: www.enterprisecommunity.org 
Blog URL: blog.enterprisecommunity.com/ 
NTEE Category: S Community Improvement, Capacity Building
S99 Community Improvement, Capacity Building N.E.C.
C Environmental Quality Protection, Beautification
C35 Energy Resources Conservation and Development
L Housing, Shelter
L20 Housing Development, Construction, Management
Ruling Year: 1981 


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Mission Statement

Our mission is to create opportunity for low- and moderate income people through affordable housing in diverse, thriving communities. For more than 30 years, Enterprise has introduced solutions through public-private partnerships with financial institutions, governments, community organizations and other partners that share our vision that one day, every person will have an affordable home in a vibrant community, filled with promise and the opportunity for a good life.

Legitimacy Information

This organization is registered with the IRS.

This organization is required to file an IRS Form 990 or 990-EZ.

Institutional funders should note that an organization’s inclusion on GuideStar.org does not satisfy IRS Rev. Proc. 2011-33 for identifying supporting organizations.

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Annual Revenue & Expenses (IRS Form 990, January 2012)

Fiscal Year Starting: January 01, 2012
Fiscal Year Ending: December 31, 2012

Total Revenue $62,268,306
Total Expenses $56,751,245

Revenue & Expenses

Revenue and expense information has not been provided by the nonprofit. Click here if you are associated with this organization and want to provide this information.

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Balance Sheet (IRS Form 990)

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Leadership

(GuideStar Exchange,
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July 2014)

Ms. Terri Ludwig

Profile:

Terri Ludwig is president and chief executive officer of Enterprise Community Partners, Inc. With more than 23 years of experience in investment banking and nonprofit leadership, Terri joined Enterprise in 2009 as executive vice president and chief operating officer. She was named president and CEO a year later, beginning her tenure in January 2011. Terri is chair of the Enterprise Community Investment Board of Directors, chair of the Board of Directors of Enterprise Community Loan Fund and serves as a member of the Enterprise Community Partners Board of Trustees.   From 2002 to 2009, Terri served as president of the Merrill Lynch Community Development Company, where she led community development, committed more than $2 billion in loans and investments, launched a successful social investment platform for Merrill Lynch’s private clients and served as a senior advisor on diversity issues. Prior to Merrill Lynch, Terri was the president and CEO of ACCION New York, the largest nonprofit micro-lender in the United States, whose mission is to lend small business owners the capital and support they need to achieve success. Following the Sept. 11 tragedy, Terri mobilized a team to establish the American Dream Fund, a disaster relief fund delivering loans and technical assistance to small business owners who lost their livelihoods in the disaster.

Board Chair (GuideStar Exchange,
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July 2014)

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Board Co-Chair

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Board of Directors (GuideStar Exchange,
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July 2014)

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Board Leadership Practices (GuideStar Exchange,
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July 2014)
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GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section, which enables organizations and donors to transparently share information about essential board leadership practices.

Board Orientation & Education ?
Why does this matter? Without clarity around their responsibilities and expectations, board members are not positioned to succeed. They may find themselves challenged to fulfill their governance responsibilities or frustrated by the expectations that the organization has set for them. BoardSource recommends that every new board member participate in a formal orientation process, and that all board members sign a pledge or agreement committing to their board service and to all of the responsibilities and expectations that come with service. Ideally, board members also should participate in a formal governance training program prior to serving on a board.

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?
Response Not Provided
CEO Oversight ?
Why does this matter? Oversight and management of the chief executive is one of the board’s most important legal responsibilities. The CEO or executive director is the board's single employee, and - just like any other employer/employee relationship - regular and written assessment is critical to ensuring that the chief executive and board are communicating openly about goals and performance. BoardSource recommends that boards conduct formal, written reviews of their chief executives on an annual basis, which should include an in-person discussion with the chief executive and distribution of the written evaluation to the full board.

Has the board conducted a formal, written assessment of the chief executive within the past year?
Response Not Provided
Ethics & Transparency ?
Why does this matter? A commitment to handling conflicts of interests is essential to creating an organizational culture of transparency. Boards should create and follow a policy for identifying and handling conflicts of interest, whether real or perceived. BoardSource recommends that organizations review the conflict-of-interest statement and require signed disclosures from all board members and senior staff on an annual basis.

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements within the past year?
Response Not Provided
Board Composition ?
Why does this matter? The best boards are composed of individuals who bring a variety of skills, perspectives, backgrounds, and resources to tackle the complex and strategic challenges confronting their organizations. BoardSource recommends that boards commit to diversity and inclusion by establishing written policies and practices, which include strategic and intentional recruitment of diverse board members, continual commitment to inclusivity, and equal access to board leadership opportunities.

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?
Response Not Provided
Board Performance ?
Why does this matter? Boards need to regularly assess their own performance. Doing so ensures that they are being intentional about how they govern their organization, which is a critical component of effective board leadership. BoardSource recommends that a board conduct a self-assessment of its performance a minimum of once every three years to ensure that it is staying on track with its roles and responsibilities.

Has the board conducted a formal, written self-assessment of its performance within the past three years?
Response Not Provided

Officers for Fiscal Year (IRS Form 990)

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Highest Paid Employees & Their Compensation (IRS Form 990)

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People information was last updated by the nonprofit in July 2014

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Programs

Program: Enterprise Key Initiatives in Action (GuideStar Exchange,
The GuideStar Exchange allows nonprofits to regularly update key information directly to GuideStar. It provides richer and broader information about their programs, impact, finances, people and more.
July 2014)

Budget:
--
Category:
Housing
Population Served:
General Public/Unspecified

Program Description:

Since 1982, Enterprise has raised and invested more than $11.5 billion to help finance nearly 300,000 affordable homes across the United States. Our award-winning Enterprise Green Communities initiative offers the first national framework for green affordable housing – and inspires us to achieve sustainability across all of our activities and operations.    Visit our website for more details about Key Initiatives: http://www.enterprisecommunity.com/support-our-work/key-initiatives-and-communities(http://www.enterprisecommunity.com/support-our-work/key-initiatives-and-communities)   Contributions enable Enterprise to develop and deliver critically needed programs to local developers of affordable housing so they can serve more people and do so more effectively. Contributions also help Enterprise shape federal, state and local policies and encourage public-private partnerships to help the growing numbers of individuals and families struggling to find an affordable place to call home.   In 2011, 87 percent of every dollar donated was spent to support our charitable purpose. And for every dollar donated to Enterprise, we leveraged $60 of investment in safe, healthy and affordable housing and strong communities. Community Revitalization plays a critical role in addressing the foreclosure crisis by driving public attention and vital resources to the potential decline of neighborhoods and the devastating impact on homeowners and families. Enterprise Green Communities provides funds and expertise to enable developers to build and rehabilitate affordable homes that are healthier, more energy efficient and better for the environment. Senior Housing is meeting the fast-growing need for affordable senior housing that enables all seniors to age safely and independently in their homes and communities. Supportive Housing provides permanent, affordable housing with on-site services to help homeless and other very vulnerable residents live more independent and successful lives. Rural and Native American initiatives work to provide decent, safe, green affordable housing for all residents living in rural communities throughout the country. Education programs help build strong communities by combining strategies for housing and community development with the improvement of local schools.  Transit Oriented Development programs help create affordable, sustainable communities centered around transit that connect low-income people to schools, jobs and other critical opportunities. Design Leadership initiatives pave the way for architects, developers and community leaders to promote the highest standards of design excellence and sustainability for all people. Building Sustainable Organizations is helping build sustainability among community development organizations and within the entire sector as an effective strategy to provide safety and stability for the residents they serve and their communities’ resources. Public Policy efforts are transforming policy to address the urgent affordable housing needs for low and modest income families.

Program Long-Term Success:

Program Short-Term Success:

Program Success Monitored by:

Program Success Examples:

Impact Summary from the Nonprofit

Enterprise remains financially sound and steady --  and committed to bringing the resources, expertise and advocacy necessary to meet the nation’s most urgent affordable housing and community development priorities. Our success reflects a unique focus that blends social mission and financial innovation. Connecting Capital to Communities Enterprise puts capital to work in communities from coast to coast. We offer a unique breadth of knowledge, expertise and financial products that yield both social and economic returns. Our team of experts continues to strengthen and expand the range and reach of these vital tools. Innovating Solutions for Communities A history of innovation drives Enterprise’s approach. From the Low-Income Housing and New Markets Tax Credit programs to our Green Communities initiative, Enterprise helps shape, introduce and take to scale the solutions that create, preserve and transform communities nationwide. Transforming Policy for Long-Term Change Good policy is key to successful communities. Enterprise is a trusted advisor at the local, state and federal levels, advocating bold policy priorities. We spur investment in affordable housing and community development by mobilizing the grassroots and injecting new thought leadership.

Expert Reviews and Comments

These expert reviews were generated through Philanthropedia's research methodology to identify high-impact nonprofits. Learn more

Evidence of Impact

There are no summaries available for this organization.

Enterprise partnered with Atlantic Philanthropies to bring public housing authorities, residents of public housing authorities, and service providers together in Atlanta to learn about "aging in place" strategies from each other and learn from residents what they really need and want. Enterprise also provides awards and grants highlighting best practices in green building, smart growth and services delivery - this recognition and funding fosters more production of affordable housing for seniors. One of our green buildings recognized by Enterprise reduced gas consumption by 55% in the first month, Enterprise offers a Rose Fellowship that matches architects with nonprofit developers of affordable housing - great design results in greater local support for affordable housing. Nonprofit Senior Staff

Organizational Strengths

There are no summaries available for this organization.

Enterprise provides critical support to affordable housing developers, serving as the equity investor. Under the direction of former Executive Director Doris Koo, Enterprise has attracted highly skilled and knowledgeable staff across the country especially in the arena of affordable housing with services for seniors. Nonprofit Senior Staff

Areas for Improvement

There are no summaries available for this organization.

Continue to collaborate with NeighborWorks, the Long Term Quality Alliance, LeadingAge, Stewards of Affordable Housing Foundation (SAHF), and Atlantic Philanthropies to move toward broad systems reform in long term care. Nonprofit Senior Staff

Reviews

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