Enterprise Community Partners, Inc.
Home and community are steppingstones to more
Enterprise Community Partners, Inc.
EIN: 52-1231931
as of November 2025
as of November 14, 2025
Programs and results
Reports and documents
Download annual reports Download other documentsWhat we aim to solve
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
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
MetLife Foundation Awards for Excellence in Affordable Housing
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
Enterprise Rose Architectural Fellowship
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
Sustainability Training Grants (Post-Construction)
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
Lowering the Cost of Housing Competition
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.
Enterprise Nurture an Idea Award
$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.
Green Communities Grants
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
Charrettes Grants
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
Grants to Individuals Program
Fellowships to architects to encourage them to become lifelong leaders in public service and community development
Affordable Housing Production & Preservation
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.
Economic Mobility
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
Health & Housing
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.
Building Resilient Futures
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.
Enterprise Advisors: Consulting & Technical Assistance
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.
Design Leadership
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.
Rural & Native American Housing
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.
Policy & Advocacy
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
Key Market Programs
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
Where we work
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Massachusetts (United States)
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New York (United States)
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U.S. Virgin Islands
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United States
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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
Videos
Our results
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
Learn more about Sustainable Development Goals.
Goals & Strategy
Learn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
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.
What are the organization's key strategies for making this happen?
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.
What are the organization's capabilities for doing this?
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.
What have they accomplished so far and what's next?
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.
Financials
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2024 info
3.54
Months of cash in 2024 info
14
Fringe rate in 2024 info
20%
Funding sources info
Assets & liabilities info
Financial data
Enterprise Community Partners, Inc.
Revenue & expensesFiscal Year: Jan 01 - Dec 31
Enterprise Community Partners, Inc.
Balance sheetFiscal Year: Jan 01 - Dec 31
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: Jan 01 - Dec 31
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.
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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
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 employeesSOURCE: IRS Form 990
Compensation data
Enterprise Community Partners, Inc.
Highest paid employeesSOURCE: IRS Form 990
Compensation data
Enterprise Community Partners, Inc.
Board of directorsas of 5/1/2025
Board of directors data
Rick Lazio
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
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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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
Gender identity
Transgender Identity
Sexual orientation
Disability
Contractors
Fiscal year endingProfessional fundraisers
Fiscal year endingSOURCE: IRS Form 990 Schedule G