| PART I LINE 1: |
ENTERPRISE'S MISSION IS TO MAKE HOME AND COMMUNITY PLACES OF PRIDE, POWER AND BELONGING, AND PLATFORMS FOR RESILIENCE AND UPWARD MOBILITY FOR ALL. ENTERPRISE IS THE ONLY NATIONAL NONPROFIT THAT ADDRESSES AMERICA'S AFFORDABLE HOUSING CRISIS FOR LOW AND MODERATE INCOME PEOPLE FROM EVERY ANGLE, COMBINING 40 YEARS OF EXPERIENCE, THOUSANDS OF LOCAL PARTNERS AND THE EXPERTISE OF OVER 1,200 EMPLOYEES NATIONWIDE. WE BRING TOGETHER NATIONWIDE KNOW-HOW, POLICY LEADERSHIP, PARTNERS, DONORS AND INVESTORS TO MULTIPLY THE IMPACT OF LOCAL AFFORDABLE HOUSING DEVELOPMENT AND TO ACHIEVE OUR VISION OF A COUNTRY WHERE HOME AND COMMUNITY ARE STEPPING STONES TO MORE. |
| FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: |
ENTERPRISE'S MISSION IS TO MAKE HOME AND COMMUNITY PLACES OF PRIDE, POWER AND BELONGING, AND PLATFORMS FOR RESILIENCE AND UPWARD MOBILITY FOR ALL. ENTERPRISE IS THE ONLY NATIONAL NONPROFIT THAT ADDRESSES AMERICA'S AFFORDABLE HOUSING CRISIS FOR LOW AND MODERATE INCOME PEOPLE FROM EVERY ANGLE, COMBINING 40 YEARS OF EXPERIENCE, THOUSANDS OF LOCAL PARTNERS AND THE EXPERTISE OF OVER 1,200 EMPLOYEES NATIONWIDE. WE BRING TOGETHER NATIONWIDE KNOW-HOW, POLICY LEADERSHIP, PARTNERS, DONORS AND INVESTORS TO MULTIPLY THE IMPACT OF LOCAL AFFORDABLE HOUSING DEVELOPMENT AND TO ACHIEVE OUR VISION OF A COUNTRY WHERE HOME AND COMMUNITY ARE STEPPING STONES TO MORE. |
| FORM 990, PART III, LINE 4A, DESCRIPTION OF PROGRAM SERVICE ACCOMPLISHMENTS |
SOLUTIONS: OUR SOLUTIONS DIVISION DELIVERS PROGRAMMATIC, POLICY, ADVISORY AND CAPACITY-BUILDING AT THE NATIONAL, STATE AND LOCAL LEVEL, WORKING IN MORE THAN 800 COMMUNITIES AND IN COLLABORATION WITH THOUSANDS OF PARTNERS IN THE NONPROFIT, PUBLIC AND FOR-PROFIT SECTORS. WE HAVE OFFICES AND DEDICATED STAFF IN THESE MARKETS: CHICAGO, DETROIT, GULF COAST, MID-ATLANTIC, NEW YORK, NORTHERN CALIFORNIA, OHIO, PACIFIC NORTHWEST, SOUTHEAST AND SOUTHERN CALIFORNIA. WE ALSO SUPPORT AFFORDABLE AND CULTURALLY APPROPRIATE HOUSING ON TRIBAL LANDS AND IN RURAL AREAS. ALL OUR EFFORTS ARE UNDERGIRDED BY OUR STRATEGIC GOALS TO INCREASE HOUSING SUPPLY, ADVANCE RACIAL EQUITY AND BUILD RESILIENCE AND UPWARD MOBILITY. THE FOCUS OF OUR PROGRAMMATIC WORK IN 2020 WAS ON SUPPORTING OUR PARTNERS AS THEY GRAPPLED WITH THE EFFECT OF COVID-19 ON THEIR ORGANIZATIONS AND THE COMMUNITIES THAT THEY SERVE. AFTER CONDUCTING A COMPREHENSIVE NEEDS ASSESSMENT, WE STOOD UP THE EMERGENCY ACTION FOR PARTNER AND RESIDENT STABILITY PROGRAM TO PROVIDE MUCH NEEDED GRANT SUPPORT. THROUGH THIS PROGRAM, WE SUPPORTED 100 NONPROFIT PARTNERS SERVING OVER 100,000 INDIVIDUALS. BLACK, INDIGENOUS AND PEOPLE OF COLOR (BIPOC) LED ORGANIZATIONS ACCOUNTED FOR OVER HALF OF EMERGENCY GRANT RECIPIENTS, AND 90 PERCENT OF THE RESIDENTS SERVED BY THESE ORGANIZATIONS WERE ALSO BIPOC. ENTERPRISE ALSO SUPPORTED PROJECT PARACHUTE IN NEW YORK CITY, WHICH RAISED OVER $11 MILLION TO PROVIDE RENT RELIEF TO MORE THAN 300 RESIDENTS TO ENSURE THEY REMAINED STABLY HOUSED, AND PROJECT HOMEKEY IN CALIFORNIA, WHICH CREATED 2,000 AFFORDABLE HOMES WITH SUPPORTIVE SERVICES FOR PEOPLE EXPERIENCING OR AT RISK OF HOMELESSNESS. WE ALSO PROVIDED TECHNICAL ASSISTANCE TO OVER 1,200 CITIES AND COUNTIES FOR COVID RELIEF PROGRAMS AND CREATED NUMEROUS RESOURCES, INCLUDING THE COVID IMPACT TRACKER, TO HELP AFFORDABLE HOUSING AND COMMUNITY DEVELOPMENT ORGANIZATIONS RESPOND TO THE PANDEMIC. |
| FORM 990, PART III, LINE 4B, DESCRIPTION OF PROGRAM SERVICE ACCOMPLISHMENTS |
CAPITAL: ENTERPRISE, IN CONJUNCTION WITH ITS AFFILIATES, RAISES PRIVATE AND PUBLIC CAPITAL THROUGH INVESTMENT AND FUNDRAISING, AND BY FORMING EFFECTIVE PARTNERSHIPS. THROUGH IDENTIFYING AND CHANNELING CAPITAL TO QUALIFIED PARTNERS, WE BRING NATIONAL DOLLARS TO LOCAL COMMUNITIES. IN 2020, ENTERPRISE AWARDED $86.6 MILLION IN GRANTS TO 343 AFFORDABLE HOUSING AND COMMUNITY DEVELOPMENT ORGANIZATIONS. THIS INCLUDED $40 MILLION AWARDED TO COMMUNITY ORGANIZATIONS IN RESPONSE TO COVID-19 PROVIDING SUPPORT FOR ACQUISITION FINANCING AND OPERATING SUPPORT FOR AFFORDABLE HOUSING AND RENTAL ASSISTANCE. APPROXIMATELY $20 MILLION WAS AWARDED TO NEW YORK LAND BANKS, COMMUNITY LAND TRUSTS, AND OTHER HOUSING DEVELOPMENT ORGANIZATIONS TO ADDRESS CRITICAL NEEDS HOUSING, IMPROVE THE QUALITY OF HOUSING, COVER GAPS IN FINANCING AND ASSIST HOUSING FINANCE AGENCIES. IN A CONTINUED RESPONSE TO WEATHER-RELATED DISASTERS, ENTERPRISE COMMITTED OVER $473,000 IN GRANTS AND TECHNICAL ASSISTANCE TO COMMUNITY ORGANIZATIONS LEADING RECOVERY AND REBUILDING EFFORTS THROUGHOUT FLORIDA, TEXAS, PUERTO RICO AND THE U.S. VIRGIN ISLANDS. |
| FORM 990, PART III, LINE 4C, DESCRIPTION OF PROGRAM SERVICE ACCOMPLISHMENTS |
POLICY: ENTERPRISE WORKS WITH PUBLIC AND PRIVATE SECTORS AT THE FEDERAL, STATE AND LOCAL LEVELS TO MAKE HOMES STEPPING STONES TO MORE. WE PARTNER WITH ELECTED OFFICIALS AND COMMUNITY LEADERS TO PROMOTE POLICIES AND PRACTICES THAT SUPPORT HOUSING STABILITY, ADVANCE RESIDENTS' HEALTH AND WELL-BEING, PREPARE HOMES FOR OUR NEW CLIMATE, AND PROVIDE OPPORTUNITIES FOR ECONOMIC MOBILITY. ENTERPRISE'S FEDERAL POLICY EFFORTS SUPPORTED SIGNIFICANT FUNDING INCREASES FOR MANY AFFORDABLE HOUSING AND COMMUNITY DEVELOPMENT PROGRAMS IN FISCAL YEAR 2021 APPROPRIATIONS AND COVID RELIEF LEGISLATION. ENTERPRISE LED 2,400 GOVERNMENTAL, BUSINESS AND NONPROFIT PARTNERS IN SUCCESSFULLY ADVOCATING FOR A MINIMUM 4% RATE FOR THE LOW-INCOME HOUSING TAX CREDIT, WHICH IS EXPECTED TO STIMULATE PRODUCTION AND PRESERVATION OF 130,000 NEW AFFORDABLE HOMES OVER TEN YEARS. OUR POLICY TEAM PUBLISHES RESEARCH AND ANALYSES THAT INFORM BEST PRACTICES AND THE DEVELOPMENT OF SOUND POLICIES. |
| FORM 990, PART VI, SECTION B, LINE 11B |
THE AUDIT COMMITTEE OF THE BOARD REVIEWS THE RETURN AT A MEETING WITH MANAGEMENT PRIOR TO FILING. THE ENTIRE BOARD IS GIVEN A COPY OF THE RETURN PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C |
AN ANNUAL CONFLICT OF INTEREST DISCLOSURE EXERCISE IS PERFORMED BY THE ORGANIZATION. THIS EXERCISE REQUIRES EACH EMPLOYEE TO READ THE BUSINESS ETHICS POLICY AND COMPLETE THE CONFLICT OF INTEREST DISCLOSURE FORM IDENTIFYING ANY POSSIBLE CONFLICTS KNOWN BY THE EMPLOYEE. NEW EMPLOYEES ARE ALSO REQUIRED TO COMPLETE THE CONFLICT OF INTEREST DISCLOSURE FORM UPON HIRING. A LOG IS MAINTAINED OF ANY DOCUMENTED CONFLICTS FOR FUTURE REFERENCING. ON AN ANNUAL BASIS, ALL DIRECTORS ACKNOWLEDGE THEIR FAMILIARITY WITH THE ENTERPRISE CONFLICT OF INTEREST POLICY AND COMPLETE THE DISCLOSURE STATEMENT. THE COMPLETED STATEMENTS ARE REVIEWED BY THE GENERAL COUNSEL. ANY ISSUES NOTED ARE REFERRED TO THE BOARD OR APPROPRIATE COMMITTEE. |
| FORM 990, PART VI, SECTION B, LINE 15 |
THE PROCESS FOR DETERMINING COMPENSATION FOR THE CEO AND OFFICER POSITIONS OF ENTERPRISE COMMUNITY PARTNERS IS AS FOLLOWS: PARTNERS ENGAGES AN INDEPENDENT CONSULTING FIRM TO PROVIDE A COMPENSATION STUDY FOR THE CEO & OFFICERS POSITIONS TO ESTABLISH A MARKET VALUE. THE BOARD OF TRUSTEES DISCUSSES AND SETS THE CEO COMPENSATION. THE BOARD ALSO REVIEWS AND APPROVES THE CEO'S AND CFO'S RECOMMENDATIONS FOR OTHER OFFICERS' COMPENSATION. THIS PROCESS IS DOCUMENTED IN THE BOARD MEETING MINUTES. |
| FORM 990, PART VI, SECTION C, LINE 19 |
DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AND THROUGH THE ORGANIZATION'S WEBSITE. |
| FORM 990, PART XI, LINE 9: |
REALLOCATION OF INT. TO REFLECT OWNERSHIP SHARE 26,215,000. ECI - DIRECT EQUITY ADJUSTMENT 22,506,000. BOOK-TO-TAX DIFFERENCE 175,256. TAX EFFECT OF OWNERSHIP SALE -5,639,000. CHANGE IN NET ASSETS ATTRIBUTABLE TO SUBSIDIARIES AND AFFILIATES 81,718,000. |
Attach to Form 990 or 990-EZ.