Overview
What is Enterprise Community Development Inc?
Enterprise Community Development Inc is a nonprofit organization based in Columbia, Maryland, with a workforce of 618 employees. Their mission is to develop, preserve, and manage affordable rental properties for individuals and families with low to moderate incomes in the Mid-Atlantic region. Through partnerships with residents, they establish service programs that foster community development and promote individual growth. Enterprise Community Development's primary activity involves housing management and development, ensuring access to affordable living spaces for those in need.
Official website here: www.enterprisecommunity.org
What are the reviews and ratings of this charity?
Charity Navigator rates Enterprise Community Development Inc at 81%, granting it a Three-Star out of Four Star rating. This rating is based solely on its Accountability & Finance score, reflecting the organization's commitment to transparency and responsible financial management. An 81% score indicates a solid foundation in these areas, essential for gaining public trust.
The nonprofit demonstrates notable strengths, including a majority of independent board members and a high program expense ratio of 93.86%, suggesting that a significant portion of its funding is directed towards its mission-driven activities. Furthermore, it maintains thorough fiscal oversight, as evidenced by its full marks for financial statements and policies regarding conflict of interest and whistleblower protections.
However, there are areas for improvement, particularly its liabilities to assets ratio, which received no points. This indicates potential concerns regarding financial stability that the organization may need to address. Overall, while Enterprise Community Development Inc showcases robust accountability and financial practices, attention to its liabilities may enhance its overall effectiveness and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Enterprise Community Development Inc legitimate?
Enterprise Community Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Enterprise Community Development Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,628,515
Professional Fundraising Fees: $0
Other Salaries and Wages: $34,437,317
For more financial information, click here
Official website here: www.enterprisecommunity.org
What is the mission statement of Enterprise Community Development Inc?
Enterprise Community Development (ECD) is dedicated to creating thriving communities by developing, preserving, and managing affordable housing for individuals and families of low to moderate income. Working in collaboration with residents, ECD establishes service programs that strengthen communities and provide opportunities for individual growth. ECD's mission encompasses the development of affordable rental properties in various regions, with a focus on the Mid-Atlantic area. By fostering partnerships and community initiatives, ECD strives to enhance the lives of those it serves.
Official website here: www.enterprisecommunity.org
Who is the CEO of Enterprise Community Development Inc?
Brian Mclaughlin is the President of Enterprise Community Development Inc.
Official website here: www.enterprisecommunity.org
What is the revenue of Enterprise Community Development Inc?
Enterprise Community Development Inc's revenue in 2022 was $45,087,817.
Official website here: www.enterprisecommunity.org
Who are the executives of Enterprise Community Development Inc and what are their salaries?
The average compensation at Enterprise Community Development Inc during 2022 was $59,977. There are 618 employees and 309 volunteers at Enterprise Community Development Inc.
Here are 22 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $634,188
- Related: $0
- Other: $24,135
- Compensation: $0
- Related: $1,684,582
- Other: $16,754
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $650,197
- Other: $32,203
- Compensation: $0
- Related: $2,262,795
- Other: $9,184
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $551,286
- Related: $0
- Other: $45,732
- Compensation: $0
- Related: $259,591
- Other: $45,295
- Compensation: $646,044
- Related: $0
- Other: $43,150
- Compensation: $0
- Related: $341,976
- Other: $37,584
- Compensation: $297,497
- Related: $0
- Other: $53,652
- Compensation: $251,243
- Related: $0
- Other: $35,976
- Compensation: $0
- Related: $480,037
- Other: $25,284
- Compensation: $329,462
- Related: $0
- Other: $40,445
- Compensation: $320,180
- Related: $0
- Other: $31,976
- Compensation: $256,531
- Related: $0
- Other: $40,263
- Compensation: $381,339
- Related: $0
- Other: $23,493
- Compensation: $280,007
- Related: $0
- Other: $50,534
- Compensation: $233,933
- Related: $0
- Other: $17,595
Official website here: www.enterprisecommunity.org
Where can I find the form 990 for Enterprise Community Development Inc?
Enterprise Community Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.enterprisecommunity.org
Learn more at the official website: www.enterprisecommunity.org
Mission Statement of Enterprise Community Development Inc
Enterprise Community Development, or ECD, is a mission-driven organization dedicated to the development, preservation, and management of affordable housing in thriving communities for individuals and families of low to moderate income. Through collaborative partnerships with residents of its housing developments, ECD establishes service programs that strengthen communities and foster opportunities for growth. ECD's primary focus lies in the Mid-Atlantic region, where it manages a diverse portfolio of affordable rental properties.
Working in harmony with the residents, ECD not only provides shelter but also cultivates community-building initiatives. These programs aim to create an environment where residents can thrive and reach their full potential. By offering essential services and resources, ECD empowers individuals to elevate their living standards and contribute positively to their communities. In this way, ECD's work extends beyond the physical aspects of housing, contributing to the social fabric and overall well-being of its residents.
Enterprise Community Development's commitment to affordable housing is a crucial step toward ensuring equal opportunities for all. By offering a safe and stable living environment, ECD plays a pivotal role in breaking the cycle of poverty and promoting self-sufficiency. In doing so, ECD is not just an affordable housing provider; it is an active partner in the quest for sustainable, inclusive communities.
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Impact
October, 2024
Enterprise Community Development Inc has a significant impact on housing accessibility for low and moderate-income individuals and families in the Mid-Atlantic region. By managing affordable rental properties, the organization ensures that safe and stable housing options are available in diverse, thriving communities. Their commitment to developing and preserving housing not only addresses immediate housing needs but also contributes to the long-term sustainability of these communities.
In addition to housing, Enterprise Community Development actively engages with residents to create service programs tailored to strengthen community ties and enhance individual opportunities for growth. This collaborative approach empowers residents, fosters a sense of belonging, and ultimately leads to more resilient communities. Through these efforts, the organization plays a crucial role in improving the quality of life for its residents, promoting economic stability, and facilitating upward mobility.
This information is meant to be a general summary of Enterprise Community Development Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $279,462
- Program Service Revenue: $36,934,511
- Gross Receipts: $45,087,817
Assets and Liabilities:
- Total Assets: $229,423,651
- Total Liabilities: $164,913,276
- Net Assets: $64,510,375
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROP. MANAGEMENT FEES
Revenue
$28,159,554
DEVELOPMENT FEES
Revenue
$6,198,831
COMMUNITY SERVICE FEES
Revenue
$1,332,523
ASSET MANAGEMENT FEES
Revenue
$1,052,710
CONSULTING FEES
Revenue
$190,893
Organization Details
Founding Year
2001
Phone
(410) 230-2100Principal Officer
Brian Mclaughlin
Main Address
11000 BROKEN LAND PKWY, COLUMBIA, MD, 21044
Website
www.enterprisecommunity.orgNTEE Category
Code: L20 - Housing
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