Public Charity

ENTERPRISE COMMUNITY DEVELOPMENT INC

Based in COLUMBIA, MD, ENTERPRISE COMMUNITY DEVELOPMENT INC operates as a Public Charity. The organization reported $114.6M in revenue, $88.3M in expenses, $334.6M in total assets for fiscal year 2024. Imperigo tracks 19 reported grant relationships connected to this organization totaling approximately $35.5M.

EIN: 521888775 COLUMBIA, MD Housing Development, Construction & Management NTEE: L20 Latest filing: 2024
Total Revenue$114.6M
Total Expenses$88.3M
Total Assets$334.6M
Grant Records19
Funding Total$35.5M
Filing Years2018–2024

Mission

THE MISSION OF ENTERPRISE COMMUNITY DEVELOPMENT (ECD) IS DEVELOPMENT, PRESERVATION, AND MANAGEMENT OF HOUSING COMMUNITIES INCLUDING COORDINATION OF RESIDENT SERVICES TO PROVIDE DECENT AND AFFORDABLE HOUSING TO LOW- AND MODERATE-INCOME INDIVIDUALS AND FAMILIES. ECD IS ALSO ENGAGED IN EFFORTS TO EXPAND THE AVAILABILITY OF, AND ACCESS TO RENEWABLE ENERGY SOURCES AT AFFORDABLE HOUSING DEVELOPMENTS IT OWNS, CONTROLS, OR MANAGES.

Where $100 goes at Enterprise Community Development Inc

How Enterprise Community Development Inc divides every $100 it spends, from its own Form 990 filings, averaged across 6 years.

$94 Programs the work itself
$5 Management running the organization
$1 Fundraising raising the next dollar

Inside the $94 for programs

$69
Management and operation of affordable rental properties available to low and moderate income individuals and families in the mid-atlantic region
73% of program spending
$18
Development of properties for either rental or sale to low
19% of program spending
$7
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
8% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR UNTIL 08/24 Adrian Washington
DIRECTOR Albert Gentry
FORMER DIRECTOR Charles Wayne
EVP & CBO; INTERIM PRES UNTIL 04/24 Christine Madigan
MANAGING DIRECTOR, NEW BUSINESS DEV. Edwin Howe
VP, ECD FINANCE Gary Hanley

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$26,585,396 10 grants
Human & Social Services
$6,391,950 2 grants
Training & Professional Development
$2,237,000 1 grant
Housing & Homelessness
$149,554 1 grant
Economic Development
$50,000 2 grants

Financial Trends

Year Revenue Expenses Assets
2024 $114.6M $88.3M $334.6M
2023 $64.1M $78.6M $280.4M
2022 $45.1M $61.0M $229.4M
2019 $29.2M $30.6M $54.1M
2018 $24.1M $28.2M $57.2M

Between 2018 and 2024, reported annual revenue grew from $24.1M to $114.6M (+376%), with total assets most recently reported at $334.6M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for ENTERPRISE COMMUNITY DEVELOPMENT INC

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