| 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 925 EMPLOYEES NATIONWIDE INCLUDING OUR AFFILIATED ORGANIZATIONS. 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 925 EMPLOYEES NATIONWIDE INCLUDING OUR AFFILIATED ORGANIZATIONS. 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, DENVER, 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. OUR MARKET OFFICES AND NATIONAL PROGRAMS PROVIDED INDIVIUDAL TECHNICAL ASSISTANCE AND SUPPORT TO MEET OUR PARTNERS' GREATEST NEEDS, IDENTIFY POLICY LEVERS THAT COULD SHIFT RESOURCES TO INCREASE PRODUCTION AND PRESERVATION IN THEIR COMMUNITIES, AND SUPPORT EFFORTS TO INCREASE THE HEALTH, RESILIENCE AND SUSTAINABILITY OF AFFORDABLE HOUSING NATIONWIDE, PARTICULARLY IN LIGHT OF THE IMPACT OF COVID-19 ON ORGANIZATIONS AND COMMUNITIES. IN 2021, THE FOCUS OF OUR PROGRAMMATIC WORK WAS ON SIX CORE EFFORTS: 1) EQUITABLE PATH FORWARD - SUPPORTING BIPOC DEVELOPERS THROUGH INVESTMENT AND ADVISORY SERVICES; 2) BUILDING RESILIENT FUTURES - THROUGH WHICH WE LAUNCHED REGIONAL CLIMATE RESILIENCE ACADEMIES THAT WILL TEACH AFFORDABLE HOUSING PARTNERS TO INCORPORATE BEST PRACTICES TO REDUCE OR ELIMINATE CARBON OUTPUT AND PROTECT LOW INCOME RESIDENTS FROM DISASTER EVENTS; 3) PRESERVATION NEXT - THROUGH WHICH WE ARE WORKING TO ADDRESS THE ESCALATING NEED FOR MAINTAINING EXISTING AFFORDABLE HOUSING AND TENANT SUPPORT/EVICTION PREVENTION; 4) FAITH BASED DEVELOPMENT INITIATIVE - THROUGH WHICH WE ARE PROVIDING ADVISORY SERVICES, TRAINING, AND CAPITAL TO HOUSES OF WORSHIP WITH EXCESS LAND TO SUPPORT DEVELOPMENT OF AFFORDABLE HOUSING; 5) HOUSING AS A PATHWAY TO JUSTICE - THROUGH WHICH WE ARE WORKING TO INCREASE AFFORDABLE HOUSING OPTIONS FOR PEOPLE WHO HAVE INTERACTED WITH THE CRIMINAL LEGAL SYSTEM; AND 6) UPWARD MOBILITY THROUGH WHICH WE ARE SEEKING TO SUPPORT RESIDENT SERVICES, EDUCATION, AND OTHER OPPORTUNITES FOSTERING ECONOMIC ADVANCEMENT. |
| 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 2021, ENTERPRISE AWARDED $52 MILLION IN GRANTS TO 255 AFFORDABLE HOUSING AND COMMUNITY DEVELOPMENT ORGANIZATIONS. THIS INCLUDED $4 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 $24 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. THROUGH OUR OTHER CAPACITY BUILDING, EQUITABLE PATH FORWARD AND INNOVATION ROGRAMS, WE AWARDED $23M TO COMMUNITY ORGANIZATIONS. |
| 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 CO-LED 2,400 GOVERNMENTAL, BUSINESS AND NONPROFIT PARTNERS TO SUPPORT SUSTAINED FUNDING FOR THE PRODUCTION AND PRESERVATION OF AFFORDABLE HOMES. OUR POLICY TEAM PUBLISHES RESEARCH AND ANALYSIS THAT INFORMS 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 TRUSTEES 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 1,470,000. ECI - DIRECT EQUITY ADJUSTMENT -16,250,000. BOOK-TO-TAX DIFFERENCE 367,072. CHANGE IN NET ASSETS ATTRIBUTABLE TO SUBSIDIARIES AND AFFILIATES 95,434,000. |
Attach to Form 990 or 990-EZ.