GOLD2025

Enterprise Community Partners, Inc.

Home and community are steppingstones to more

aka Enterprise   |   Columbia, MD   |  http://www.enterprisecommunity.org
GuideStar Charity Check

Enterprise Community Partners, Inc.

EIN: 52-1231931


Mission

To make home and community places of pride, power and belonging, and platforms for resilience and upward mobility for all.

Notes from the nonprofit

Learn more about Enterprise and the work we are doing on our website, at https://www.enterprisecommunity.org.

Ruling year info

1981

Chief Executive Officer

Shaun Donovan

Main address

70 Corporate Center 11000 Broken Land Parkway Suite 700

Columbia, MD 21044 USA

Show more contact info

Formerly known as

The Enterprise Foundation

The Rouse Company

EIN

52-1231931

Subject area info

Human services

Philanthropy

Public policy

Community and economic development

Population served info

Economically disadvantaged people

Families

Indigenous peoples

People of African descent

NTEE code info

Community, Neighborhood Development, Improvement (S20)

What we aim to solve

SOURCE: Self-reported by organization

In so many neighborhoods across the country, people can’t afford a good place to call home. Against a backdrop of higher housing costs, lower wage growth and rising inequality, the need for affordable housing threatens the well-being of us all. AFFORDABLE HOMES ARE OUT OF REACH - Half of all Americans can’t afford to pay their rent. INCOME STAGNATION WIDENS THE GAP - Since 2001, rents have increased by 13% while renter incomes only rose 0.5%. INEQUITIES MAGNIFY RACIAL AND ECONOMIC DISPARITIES 80% of people at risk of eviction are people of color. COVID-19 INCREASES HOUSING INSECURITY 60+ million Americans have filed for unemployment.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Excellence in Urban Journalism Award

Awarded in conjunction with The Freedom Forum, this program recognizes two journalists who have demonstrated quality reporting on major issues facing the nation's urban populations, particularly in inner cities, with a $2,500 award. Broadcasts, articles or series written by one reporter or a team can qualify. Topics may include, but are not limited to, housing, community safety, community development, welfare-to-work, child care, and transportation. The piece should discuss how a city or community has been affected by the situation. Ideally, the entry should include reporting on the outcome or resolution of the situation, or show responses through such vehicles as editorials and letters to the editor

Population(s) Served

Administered in conjunction with the MetLife Foundation, this awards program recognizes 501(c)(3) community-based or regional nonprofit organizations and tribes or tribally-designated housing entities that excel in property and asset management or provide housing to senior citizens. Grants of $50,000 each will be awarded to applicants that showcase models of excellence in the design, operations, and property management of affordable senior housing; and that increase the understanding of how to achieve success in providing innovative and high-quality independent living for seniors

Population(s) Served

The fellowship creates partnerships between new architects and community-based organizations to direct the skills and passions of the architects in the service of low- and moderate-income communities. The fellowship is designed to promote architectural and community design in low-income communities and encourages architects to become life-long leaders in public service and community development

Population(s) Served

Grants of up to $5,000 for affordable housing developers is available to cover the design and distribution of an operations and maintenance manual and the development as well as the implementation of a training curriculum that supports long-term operations and maintenance

Population(s) Served

This competition is seeking submissions from multidisciplinary teams working to create multifamily affordable housing projects that improve neighborhoods and reduce traditional developmental and building costs. Up to $250,000 in program-related investments will be awarded to the winning proposal. There is an additional $50,000 in grant funds to be awarded to proposals that show innovation in practice or industry understanding of cost-lowering measures. Applications from teams comprised of architects, developers, and policy professionals are strongly encouraged, and entrants are further encouraged to develop creative collaborations that include policy makers, planners, social service providers, academic departments, and research institutes.

Population(s) Served

$10,000 awarded annually to nonprofits in Cleveland/Cuyahoga County as seed money for innovative ideas. Crowdfunding component that allows competing organizations to keep all funds raised outside of the $10K award.

Population(s) Served

This initiative works to build healthy, efficient homes for low-income people, and to make environmentally-sustainable development the mainstream in the affordable housing industry, by providing funds and expertise to enable developers to build and rehabilitate homes that are healthier, more energy-efficient, and better for the environment. Three types of grants are available under this program. Planning and construction grants award up to $75,000 to cover planning and construction expenses, including additional costs of architectural work, engineering, site surveys, and costs associated with items such as a more efficient HVAC system, green materials, and energy-efficient appliances. Charettes grants of up to $5,000 assist housing developers with integrating green building systems in their developments and engaging in a serious discussion of green design possibilities. Sustainability training grants of up to $5,000 are also available for affordable housing developers, to cover the design and distribution of building operations and maintenance. Under this initiative, loans are also available to fund any or all of the typical costs related to affordable housing development prior to closing construction financing, or the acquisition of land or buildings intended to be developed as affordable homeownership or rental housing. Eligible applicants include 501(c)(3) nonprofits, public housing authorities, tribally-designated housing entities, for-profit entities, and for-profit entities participating through joint ventures with qualified organizations. Visit http://www.greencommunitiesonline.org for more information

Population(s) Served

Grants for up to $5,000 to assist housing developers with integrating green building systems in their developments and engage in a serious discussion of green design possibilities. Awards are given to affordable housing developers to coordinate a green design charrette

Population(s) Served

Fellowships to architects to encourage them to become lifelong leaders in public service and community development

Population(s) Served

Enterprise works with partners across the United States to create affordable housing that’s connected to opportunity in thriving communities. Together, we identify, pilot and scale solutions designed to end housing insecurity for low-income people. Our approach is innovative and comprehensive. We know that a healthy and stable home must be affordable -- as well as located in a community connected to good schools, jobs, transit and health care.

Population(s) Served
Economically disadvantaged people
Families

Enterprise has identified five key housing outcomes that determine economic success, power and autonomy, and being valued in community – the three core principles that define mobility, according to the US Partnership on Mobility from Poverty. We frame these housing outcomes as the “housing bundle” because they are interconnected and must work together for housing to act as a pathway to upward mobility: 1. Housing stability 2. Housing quality 3. Housing affordability 4. Housing & neighborhood as a platform 5. Housing that builds assets & wealth

Population(s) Served

In January 2019, Enterprise launched a new national initiative, Health Begins with Home. Working with a broad group of partners and guided by data-driven insights, Health Begins with Home will put $250 million to work over five years to promote health as a top priority in the development and preservation of affordable homes and to elevate homes as an essential tool for improving resident and community health. For both children and adults, the quality, affordability, stability and location of home are seen not just as important factors but as foundational to health and well-being.

Population(s) Served
Economically disadvantaged people

Our Building Resilient Futures initiative brings together three vital Enterprise programs that collectively work to help protect people, homes and communities: Culture & Creativity: One of Enterprise’s newest programs, this initiative promotes art, creative placemaking and more to build vibrant communities where engaged residents thrive and local economies succeed. Green Communities: For over 15 years, Green Communities has continued to break new ground by offering a framework and technical resources for healthy, environmentally sound affordable homes and communities. Recovery & Rebuilding: Since the devastation of Hurricane Katrina, we have introduced important risk-mitigation resources to help vulnerable communities prepare for, recover and rebuild after natural disasters.

Population(s) Served
Economically disadvantaged people
Families
Multiracial people
People of Latin American descent

Enterprise Advisors raises up new ideas and strategies to cultivate more inclusive, equitable communities so that everyone in the community has a chance to live, grow and thrive. A mission-based consultancy, to date we have worked with over 500 communities across the nation to create strategies, connect partners and leverage funding – building success from the ground up.

Population(s) Served

Design is a key element of successful affordable housing development. Our Design Leadership initiative provides tools, programs and research to support developers in mastering their design process, allowing them to drive positive resident and community outcomes, solve increasingly complex development challenges and control costs. Our programs and tools to support developers include the Affordable Housing Design Leadership Institute (AHDLI), The Rose Fellowship, the Design Matters framework and toolkit, Policy Research and wide-ranging project case studies.

Population(s) Served
Economically disadvantaged people
Families

Enterprise helps rural communities respond to high rates of poverty by advocating for rental assistance and other funding programs, promoting development of safe, quality homes and advancing best practices in green building. Enterprise works with tribal and community partners to create healthy, safe, green affordable housing and to increase opportunities for economic advancement for native people on reservations and in pueblos across the United States. Enterprise also deploys public and private grant funds for preservation of reservation-based properties, increasing Native homeownership, developing permanent supportive housing projects and supporting development that leverages arts, culture and creativity to achieve social, economic, environmental, and health outcomes.

Population(s) Served
Migrant workers
Tribal and indigenous religious groups

The Enterprise Public Policy team works to safeguard, expand, analyze and improve programs that support housing affordability and neighborhoods of opportunity. The team works at the federal, state and local levels conducting research, advocating for affordable housing and providing public testimonies on the Hill. - See more at: http://www.enterprisecommunity.org/policy-and-advocacy#sthash.cIKVa9U9.dpuf

Population(s) Served
Economically disadvantaged people
Families

Enterprise's programs have great impact across the U.S., as well as a deeper focus on communities in our key markets with offices and staff in: - Chicago - Denver - Detroit - Gulf Coast - Mid-Atlantic - New York - Northern California - Ohio - Pacific Northwest - Southeast - Southern California See more at: http://www.enterprisecommunity.org/where-we-work

Population(s) Served
Economically disadvantaged people
Families

Where we work

  • Massachusetts (United States)

  • New York (United States)

  • U.S. Virgin Islands

  • United States

  • Washington (Washington, D.C., United States)

Awards

Four Star Charity 2019

Charity Navigator

Four Star Charity 2020

Charity Navigator

Four Star Charity 2022

Charity Navigator

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Dollars invested to further our mission: To create opportunity for low- and moderate-income people through affordable housing in diverse, thriving communities.

This metric is no longer tracked.
Totals By Year
Related Program

Affordable Housing Production & Preservation

Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Context Notes

To date, Enterprise has invested $61 billion in affordable housing programs.

Number of housing units financed

This metric is no longer tracked.
Totals By Year
Related Program

Affordable Housing Production & Preservation

Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Context Notes

26,000 of these were for affordable units, 50,000 were for workforce/market rate.

Number of low-income units in market-rate neighborhood

This metric is no longer tracked.
Totals By Year
Related Program

Affordable Housing Production & Preservation

Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Number of low-income families housed in affordable, well-maintained units as a result of the nonprofit's efforts

This metric is no longer tracked.
Totals By Year
Related Program

Enterprise Advisors: Consulting & Technical Assistance

Type of Metric

Outcome - describing the effects on people or issues

Direction of Success

Increasing

Context Notes

To date, Enterprise has helped create 793,000 homes.

Number of jobs created and maintained

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Our investments contributed to the creation of over 28,000 new jobs in both 2015 and 2014, and in 2014 led to $1.29 billion in new income for U.S. workers.

Number of people in the area with access to affordable housing as a result of the nonprofit's efforts

This metric is no longer tracked.
Totals By Year
Type of Metric

Outcome - describing the effects on people or issues

Direction of Success

Holding steady

Context Notes

Of this, 6,326 were extremely low-income

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

To put good homes within reach so people can not only rent, but build futures and thrive. We've sharpened our focus on three strategic priorities (Increase Housing Supply, Advance Racial Equity, and Build Resilience and Upward Mobility) to strengthen our impact and drive systemic change. Anything less fails to meet the urgency of this moment.

1. We will create, preserve and improve 150,000 affordable homes.
2. We will improve the systems that manage how the public and private sectors deliver housing and services.
3. We will help link low-income families to good schools, jobs, transit and health care.
4. We will create and expand resources to support affordable housing and promote opportunity.
5. We will deliver the tools to address housing insecurity and in the process build a stronger, more sustainable Enterprise as the foundation.

As an intermediary, Enterprise is uniquely positioned to address housing from all angles, with capital solutions, programmatic work on the ground including building the capacity for our partners, and policy work that drives real change in the broader ecosystem.

Increase Housing Supply - Every day, we fight to put good homes within reach. We invest in and advocate for
the preservation and production of quality homes that people can afford.
Enterprise has pioneered new financial tools for socially-driven capital investment since 1986 when we helped create the Low-Income Housing Tax Credit. We’re doubling down on our commitment to preserving and building affordable homes through expansion and innovation in our in-house Community Development Financial Institution (CDFI), tax credit, debt and equity products.

Advance Racial Equity - Dismantling the enduring legacy of systemic racism in housing – in policy, practice and investment – has become central to the work we do. We continue to fight for fair
housing and equitable, inclusive communities. And our in-depth research examines the root causes of racial inequity as we pivot to invest with greater intention and innovation to achieve the systemic change we need in our country.

Build Resilience & Upward Mobility - We strengthen people and places to prepare for and recover from shocks to ultimately promote stability, well-being and upward mobility.
Economic, climate and health shocks devastate communities. Together with our partners, we
are working to change the systems that have withheld opportunity, undermined self-agency and promoted exclusion. As we build an equitable
recovery from Covid, our work to build resilience and advance upward mobility – through income and wealth-building, power and dignity – are more important than ever.

Solutions
Our Solutions division operates nationwide with programmatic, policy, advisory and capacity-building
arms at the national, state and local level. In more than 800 communities and in collaboration with
thousands of partners in the nonprofit, public and for-profit sectors, we drive systems change to
benefit people and the places they call home.

Capital
Our Capital division invests and asset manages a range of tax credits and equity, operates a nonprofit
that is one of the country’s largest publicly rated CDFIs, and, through Bellwether Enterprise, provides
access to conventional mortgage products.

Communities
Our new Communities division operates the nation’s fifth-largest affordable housing nonprofit
developer, owner, operator and provider of resident services – serving 22,000 residents
across 13,000 homes.

In 2020 alone, Enterprise invested more than $8.5 billion in communities across the country, creating more than 86,000 affordable and workforce homes. Since 1982, Enterprise has invested $61 billion and created 793,000 homes. Each affordable home we have helped build or preserve represents a real person or family – and a platform to the opportunity for a more stable and rewarding life.

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2024 info

SOURCE: IRS Form 990

3.54

Average of 6.55 over 10 years

Months of cash in 2024 info

SOURCE: IRS Form 990

14

Average of 11.3 over 10 years

Fringe rate in 2024 info

SOURCE: IRS Form 990

20%

Average of 19% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Enterprise Community Partners, Inc.

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Enterprise Community Partners, Inc.

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Enterprise Community Partners, Inc.

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Enterprise Community Partners, Inc.’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2020 2021 2022 2023 2024
Unrestricted surplus (deficit) before depreciation $165,931,377 $77,205,054 $62,345,981 $31,249,133 $53,167,518
As % of expenses 86.9% 54.4% 54.3% 27.8% 36.3%
Unrestricted surplus (deficit) after depreciation $164,731,241 $76,123,181 $60,676,221 $29,974,064 $51,197,415
As % of expenses 85.8% 53.2% 52.0% 26.4% 34.5%
Revenue composition info
Total revenue (unrestricted & restricted) $194,824,366 $143,661,999 $115,861,908 $110,122,180 $159,609,443
Total revenue, % change over prior year 155.4% -26.3% -19.4% -5.0% 44.9%
Program services revenue 2.4% 2.3% 3.7% 6.7% 5.2%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.7% 1.1% 2.7% 7.5% 4.9%
Government grants 10.9% 12.4% 15.1% 21.2% 17.4%
All other grants and contributions 83.6% 78.8% 68.2% 52.7% 65.1%
Other revenue 2.4% 5.5% 10.2% 11.8% 7.3%
Expense composition info
Total expenses before depreciation $190,867,443 $141,977,818 $114,914,012 $112,267,739 $146,423,112
Total expenses, % change over prior year 74.5% -25.6% -19.1% -2.3% 30.4%
Personnel 16.4% 21.2% 28.0% 31.2% 26.7%
Professional fees 7.1% 8.4% 19.4% 17.1% 11.9%
Occupancy 1.2% 1.8% 1.9% 2.5% 1.5%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 68.9% 62.5% 39.8% 37.6% 50.9%
All other expenses 6.3% 6.1% 10.8% 11.6% 9.0%
Full cost components (estimated) info 2020 2021 2022 2023 2024
Total expenses (after depreciation) $192,067,579 $143,059,691 $116,583,772 $113,542,808 $148,393,215
One month of savings $15,905,620 $11,831,485 $9,576,168 $9,355,645 $12,201,926
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $3,234,076 $2,621,102 $0 $2,498,075
Total full costs (estimated) $207,973,199 $158,125,252 $128,781,042 $122,898,453 $163,093,216

Capital structure indicators

Liquidity info 2020 2021 2022 2023 2024
Months of cash 11.1 10.3 11.9 14.9 14.0
Months of cash and investments 43.6 59.2 78.4 86.1 69.3
Months of estimated liquid unrestricted net assets 32.1 49.4 67.3 72.1 59.4
Balance sheet composition info 2020 2021 2022 2023 2024
Cash $176,791,913 $121,488,833 $114,262,199 $139,400,419 $170,496,881
Investments $516,842,441 $579,050,422 $636,273,790 $665,711,637 $675,446,206
Receivables $34,476,046 $118,620,484 $86,248,072 $72,287,773 $64,128,197
Gross land, buildings, equipment (LBE) $16,048,710 $19,310,039 $21,794,346 $22,848,963 $25,352,867
Accumulated depreciation (as a % of LBE) 70.6% 64.4% 64.1% 68.4% 69.4%
Liabilities (as a % of assets) 8.2% 7.4% 5.6% 5.6% 6.3%
Unrestricted net assets $515,179,681 $591,302,862 $651,979,083 $681,953,147 $733,150,562
Temporarily restricted net assets N/A N/A N/A N/A N/A
Permanently restricted net assets N/A N/A N/A N/A N/A
Total restricted net assets $165,422,052 $174,017,681 $174,158,513 $179,942,349 $149,387,405
Total net assets $680,601,733 $765,320,543 $826,137,596 $861,895,496 $882,537,967

Key data checks

Key data checks info 2020 2021 2022 2023 2024
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Chief Executive Officer

Shaun Donovan

As one of the nations foremost leaders in housing and community development, Shaun Donovans 30-year career in public service has focused on building opportunity and fighting for people and communities too often left behind. He served in President Barack Obamas cabinet for his full eight years in office, as secretary of the U.S. Department of Housing and Urban Development (HUD) from 2009 to 2014 and as director of the U.S. Office of Management and Budget from 2014 to 2017. He was commissioner of the New York City Department of Housing Preservation and Development from 2004 to 2009. After a mayoral run in his hometown of New York City, Donovan was named a senior fellow by the Ford Foundation in 2022 and currently serves as a trustee of the Urban Institute, Regional Plan Association, Greater NY, and Rethink Food, as well as on the advisory board of Opportunity Insights. He holds bachelors and masters degrees in public administration and architecture from Harvard University.

Number of employees

Source: IRS Form 990

Enterprise Community Partners, Inc.

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

Enterprise Community Partners, Inc.

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

Enterprise Community Partners, Inc.

Board of directors
as of 5/1/2025
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board co-chair

Rick Lazio


Board co-chair

Phyllis Caldwell

Andrew Garvey TRUSTEE

Barbara Poppe

Enterprise Community Partners, Inc.

Carmen Middleton TRUSTEE

Christopher Collins

Enterprise Community Partners, Inc.

Darrin Williams

Enterprise Community Partners, Inc.

Donald Layton

Enterprise Community Partners, Inc.

Dora Leong Gallo

Enterprise Community Partners, Inc.

Edward Brady TRUSTEE

Edward Norton TRUSTEE

Elizabeth Blake TRUSTEE

Ismael Guerrero

Enterprise Community Partners, Inc.

J. Ronald Terwilliger

Enterprise Community Partners, Inc.

Jonathan Rose

Enterprise Community Partners, Inc.

Kevin Chavers

Enterprise Community Partners, Inc.

Megan Sandel

Enterprise Community Partners, Inc.

Phyllis Caldwell

Rick Lazio President

Ronald Porter TRUSTEE

Ronald Ratner

Enterprise Community Partners, Inc.

Sarah Rosen Wartell

Enterprise Community Partners, Inc.

Sharon Heck

Enterprise Community Partners, Inc.

Shekar Narasimhan

Enterprise Community Partners, Inc.

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    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? yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? yes

Organizational demographics

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

Disability

Contractors

Fiscal year ending

Professional fundraisers

Fiscal year ending

SOURCE: IRS Form 990 Schedule G

Solicitation activities
Gross receipts from fundraising
Retained by organization
Paid to fundraiser