Enterprise Community Development
Enterprise Community Development reported $114.6 million in revenue and $88.3 million in expenses for calendar year 2024. Of every $100 it spent, $94.95 went to program services, $3.86 to management and general costs and $1.19 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 51.6% of the total. Government grants made up 6.9%. The highest compensation it reported for one person was $972,719 (DIRECTOR). 99 people received more than $100,000 in reportable compensation. Revenue rose 292% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $88MFor context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $115MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 95.0% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 3.9% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.2% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.05 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 16.9% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 6.9% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 51.6% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $972,719 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.10% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 99 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 13.8 | 10.0 |
| Independent voting board members Part VI 1a–1b | 4 of 7 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseManagement and operation of affordable rental properties available to low and moderate income individuals and families in the mid-atlantic region
Development of properties for either rental or sale to low- and moderate-income individuals and families in the mid-atlantic region
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
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| DIRECTOR Director/trustee, 1.00 hrs/week | $0 | $916,874 | $55,845 | $972,719 |
| DIRECTOR Director/trustee, 1.00 hrs/week | $0 | $833,077 | $38,080 | $871,157 |
| EVP & CBO; INTERIM PRES UNTIL 04/24 Officer, 38.00 hrs/week | $632,207 | $0 | $50,386 | $682,593 |
| SVP & CFO Officer, 38.00 hrs/week | $534,980 | $0 | $58,996 | $593,976 |
| CLO & SECRETARY Officer, 2.00 hrs/week | $0 | $521,668 | $58,996 | $580,664 |
| SVP, REAL ESTATE DEVELOP. UNTIL 8/24 Officer, 38.00 hrs/week | $451,207 | $0 | $30,234 | $481,441 |
| PRES., ENTERPRISE RES. UNTIL 8/24 Highest compensated employee, 40.00 hrs/week | $404,604 | $0 | $18,188 | $422,792 |
| SVP, ASSET MANAGEMENT AS OF 04/24 Officer, 38.00 hrs/week | $375,842 | $0 | $45,305 | $421,147 |
99 people received more than $100,000 in reportable compensation from Enterprise Community Development (Part VII, line 2). Compensation of current officers, directors and key employees totaled $3.4M (Part IX, line 5).
5 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b7 · 4 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5656
- Volunteers Part I, line 6711
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| COHNREZNICK Audit and tax services | $752,724 |
| GALLAGHER EVELIUS & JONES LLP Legal services | $716,227 |
| EDWARD H WINKS - JAMES D SNOWA ARCHITECT Architectural design services | $415,525 |
| GRANDIZIO WILKINS LITTLE & MATTHEWS L Consulting services | $408,825 |
| KLEIN HORNIG LLP Legal services | $378,506 |
Individuals listed as contractors are left out. 15 contractors were paid more than $100,000 in all.
Private foundation grants it received
3 private foundations reported grants to Enterprise Community Development totaling $1.2M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Enterprise Community Development's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Enterprise Community Development, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Enterprise Community Development spent in 2024, $94.95 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- National Church ResidencesColumbus, OH · revenue $113M · programs 65.9% · FY2025
- Lutheran Senior Services EastSt Louis, MO · revenue $117M · programs 92.9% · 2024
- Ndc Housing & Economic Development Corporation - Group ReturnNew York, NY · revenue $113M · programs 93.3% · 2024
- Community Housing InnovationsWhite Plains, NY · revenue $118M · programs 91.7% · 2025
- Cedar Crest VillagePompton Plains, NJ · revenue $112M · programs 87.1% · 2024
All housing & shelter charities · Largest charities in Maryland
Questions people ask
How much of Enterprise Community Development's spending goes to programs?
In calendar year 2024, Enterprise Community Development reported that 95.0% of its $88.3 million in expenses went to program services, 3.9% to management and general and 1.2% to fundraising (Form 990, Part IX).
How much does Enterprise Community Development pay its top executive?
The largest total compensation Enterprise Community Development reported for one person in calendar year 2024 was $972,719, for the role of DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Enterprise Community Development get its money?
Of $114.6 million in revenue in calendar year 2024, 16.9% came from contributions and grants (including 6.9% from government grants) and 51.6% from program service revenue (Form 990, Part VIII).
Is Enterprise Community Development a registered charity?
The IRS lists EIN 52-1888775 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202522899349301132 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202402759349301700 · read the filing
- 2022: Form 990 for calendar year 2022, object 202323199349305487 · read the filing
- 2021: Form 990 for calendar year 2021, object 202203159349301035 · read the filing
- 2019: Form 990 for calendar year 2019, object 202022629349301107 · read the filing
All filings for EIN 52-1888775: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.