Nonprofit · EIN 52-1206840
ENTERPRISE COMMUNITY INVESTMENT INC
Tax-exempt · COLUMBIA, MD 21044
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $116,084,347 | $105,221,051 | $10,863,296 | $550,975,488 | $46,613,604 | $504,361,884 |
| December 31, 2024 | 990 | $94,119,207 | $94,343,704 | -$224,497 | $533,991,161 | $45,718,222 | $488,272,939 |
| December 31, 2023 | 990 | $111,157,272 | $93,600,356 | $17,556,916 | $530,215,633 | $47,010,272 | $483,205,361 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $119,580
- Program service revenue
- $68,967,935
- Investment income
- $5,208,587
- Royalties
- $8,750,811
- Net gain from sales of assets
- $2,891,674
- Other revenue
- $41,788,245
Expenses
- Grants and similar amounts paid
- $5,485,138
- Compensation of officers, directors and key employees
- $5,819,423
- Other salaries and wages
- $43,029,969
- Salaries, compensation and benefits (total)
- $55,252,243
- Professional fundraising fees
- $0
- Legal fees
- $803,764
- Accounting fees
- $775,960
- Occupancy
- $1,882,311
- Travel
- $1,030,641
- Depreciation
- $1,835,376
- Program services (functional)
- $96,061,240
- Management and general (functional)
- $9,159,811
Balance sheet and other
- Total assets, start of year
- $533,991,161
- Total assets, end of year
- $550,975,488
- Total liabilities, end of year
- $46,613,604
- Net assets, end of year
- $504,361,884
- Land, buildings and equipment
- $6,001,120
- Publicly traded securities
- $874,825
- Net assets without donor restrictions
- $468,097,867
- Net assets with donor restrictions
- $36,264,017
- Gross receipts
- $116,084,347
- Employees
- 342
- Volunteers
- 5
- Year formed
- 1981
- State of legal domicile
- MD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PHILIP PORTER | SVP, HEAD OF ACQUISTIONS, EHCI Highest-paid employee | 40 | $1,648,290 | $0 | $61,743 |
| SHAUN DONOVAN | CHAIRMAN Trustee or director | 1 | $0 | $1,270,421 | $58,342 |
| CHRISTOPHER HERRMANN | EVP, HEAD OF RE EQUITY Officer | 1 | $1,132,215 | $0 | $61,173 |
| THOMAS EASTMAN | MANAGING DIR., ACQUISITIONS, EHCI Highest-paid employee | 40 | $868,045 | $0 | $49,760 |
| LORI CHATMAN | PRESIDENT Trustee or director, Officer | 37 | $794,541 | $0 | $38,945 |
| KARI DOWNES | EVP, HEAD OF EHCI Key employee | 40 | $746,950 | $0 | $58,443 |
| REAGAN MAECHLING | MANAGING DIR., ACQUISITIONS, EHCI Highest-paid employee | 40 | $653,666 | $0 | $65,743 |
| CLAIRE PARISA | ORIGINATIONS, DIRECTOR Highest-paid employee | 40 | $579,033 | $0 | $33,191 |
| LIANNA PETROSKI | SVP, HEAD OF ACQ REE Officer | 40 | $544,712 | $0 | $57,419 |
| LINDA MANLEY | SVP, CLO & SECRETARY Officer | 16 | $522,015 | $0 | $61,643 |
| DAVID RANDS | SVP & COFO Officer | 28 | $510,622 | $0 | $61,743 |
| DANIEL MAGIDSON | MANAGING DIR., ACQUISITIONS, EHCI Highest-paid employee | 40 | $500,747 | $0 | $60,873 |
| MIKKI GALLOWAY | SVP & CHRO Officer | 13 | $510,065 | $0 | $26,512 |
| MATT FOSTER | SVP, DEPUTY CFO Officer | 12 | $298,030 | $0 | $56,098 |
| JEFFREY GALENTINE | VP & TREASURER Officer | 14 | $284,945 | $0 | $53,351 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALICE CARR | DIRECTOR Trustee or director | 1 | $0 |
| ANDREW GARVEY | DIRECTOR Trustee or director | 1 | $0 |
| CARL JENKINS | DIRECTOR Trustee or director | 1 | $0 |
| DON LAYTON | DIRECTOR Trustee or director | 1 | $0 |
| RICK LAZIO | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 22 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PHILIP PORTER | SVP, HEAD OF ACQUISTIONS, EHCI Highest-paid employee | 40 | $2,068,460 | $0 | $58,996 |
| CHRISTOPHER HERRMANN | EVP, HEAD OF REAL ESTATE EQUITY Officer | 1 | $1,280,647 | $0 | $58,392 |
| KARI DOWNES | EVP, HEAD OF EHCI Key employee | 40 | $1,001,866 | $0 | $55,946 |
| SCOTT HOEKMAN | PRESIDENT, EHCI UNTIL 04/2024 Key employee | 40 | $1,022,687 | $0 | $25,508 |
| SHAUN DONOVAN | DIRECTOR Trustee or director | 1 | $0 | $916,874 | $55,845 |
| LORI CHATMAN | PRESIDENT Trustee or director, Officer | 37 | $833,077 | $0 | $38,080 |
| THOMAS EASTMAN | VP, ACQUISITIONS, EHCI Highest-paid employee | 40 | $743,195 | $0 | $47,850 |
| REAGAN MAECHLING | MANAGING DIR., ACQUISITIONS, EHCI Highest-paid employee | 40 | $714,769 | $0 | $61,946 |
| BRIAN WINDLEY | VP, ACQUISITIONS, EHCI Highest-paid employee | 40 | $660,423 | $0 | $54,973 |
| WILLIAM BECKMANN | SVP & CFO UNTIL 10/2024 Officer | 13 | $560,180 | $0 | $47,850 |
| LINDA MANLEY | SVP, CLO & SECRETARY Officer | 12 | $521,668 | $0 | $58,996 |
| DANIELLE GLOSTER | VP, INVESTOR RELATIONS Highest-paid employee | 40 | $537,400 | $0 | $26,031 |
| LIANNA PETROSKI | SVP, HEAD OF ACQUISTIONS, REE Officer | 40 | $507,116 | $0 | $54,740 |
| MIKKI GALLOWAY | SVP & CHRO AS OF 03/2024 Officer | 8 | $391,571 | $0 | $10,983 |
| JEFFREY GALENTINE | VP & TREASURER Officer | 14 | $276,448 | $0 | $52,327 |
| CHARLES WERHANE | FORMER PRESIDENT AND CEO Former | 0 | $250,000 | $0 | $0 |
| DAVID RANDS | SVP & CFO AS OF 10/2024 Officer | 13 | $105,266 | $0 | $7,313 |
| RICK LAZIO | CHAIRMAN Trustee or director | 1 | $0 | $0 | $0 |
| ALICE CARR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANDREW GARVEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DON LAYTON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CARL JENKINS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PHILIP PORTER | SVP, ACQUISITIONS Highest-paid employee | 40 | $2,248,858 | $0 | $56,834 |
| CHRISTOPHER HERRMANN | EXECUTIVE VICE PRESIDENT Officer | 1 | $982,059 | $0 | $57,093 |
| KARI DOWNES | EVP, CHIEF OPERATING OFFICER Highest-paid employee | 40 | $860,580 | $0 | $53,784 |
| LORI CHATMAN | PRESIDENT Officer | 38 | $865,253 | $0 | $34,773 |
| SCOTT HOEKMAN | PRESIDENT, EHCI Key employee | 40 | $785,653 | $0 | $55,400 |
| BRIAN WINDLEY | VP, ACQUISITIONS Highest-paid employee | 40 | $576,452 | $0 | $53,848 |
| BRYAN HOLLANDER | VP, ACQUISITIONS Highest-paid employee | 40 | $609,529 | $0 | $18,794 |
| MICHAEL ROSSI | VP, ACQUISITIONS Highest-paid employee | 40 | $554,362 | $0 | $55,898 |
| WILLIAM BECKMANN | SVP & CHIEF FINANCIAL OFFICER Officer | 15 | $538,609 | $0 | $31,081 |
| LINDA MANLEY | SVP, CLO & ASST. SEC. AS OF 3/23 Officer | 21 | $486,453 | $0 | $56,834 |
| LIANNA PETROSKI | SVP, REAL ESTATE EQUITY Officer | 40 | $426,483 | $0 | $52,909 |
| STEPHANIE SHACK | SVP, GENERAL COUNSEL & SEC. UNT 3/23 Officer | 32 | $327,532 | $0 | $7,249 |
| JEFFREY GALENTINE | VP AND TREASURER Officer | 14 | $266,866 | $0 | $49,035 |
| SHAUN DONOVAN | DIRECTOR Trustee or director | 1 | $0 | $248,570 | $12,827 |
| CHARLES WERHANE | FORMER PRESIDENT & CEO AS 1/22 Former | 0 | $250,000 | $0 | $0 |
| ALICE CARR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KEVIN CHAVERS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANDREW GARVEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CARL JENKINS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DON LAYTON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| J RONALD TERWILLIGER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 11000 BROKEN LAND PKWY STE 700, COLUMBIA, MD 21044-3535
- Principal officer (990 for 2025)
- LORI CHATMAN, 11000 BROKEN LAND PARKWAY 700, COLUMBIA, MD 21044
- Signed the 990
- MATT FOSTER, SVP, DEPUTY CFO
- Phone
- (410) 964-1230
- Website
- WWW.ENTERPRISECOMMUNITY.ORG
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
ALL OUR EFFORTS SUPPORT OUR STRATEGIC GOALS TO INCREASE HOUSING SUPPLY, ADVANCE RACIAL EQUITY AND BUILD RESILIENCE AND UPWARD MOBILITY.THE ORGANIZATION RAISES PRIVATE CAPITAL THROUGH INVESTMENT AND BY FORMING EFFECTIVE PARTNERSHIPS. THROUGH IDENTIFYING AND CHANNELING CAPITAL TO QUALIFIED PARTNERS, IN ADDITION TO TECHNICAL, ACQUISITION AND FINANCING ASSISTANCE, WE BRING NATIONAL DOLLARS AND KNOW-HOW TO LOCAL COMMUNITIES FOR CRITICAL INVESTMENT IN LOW-AND-MODERATE INCOME AFFORDABLE HOUSING AND COMMUNITY DEVELOPMENT BUSINESSES.
Program accomplishments
- ENTERPRISE'S MISSION IS TO MAKE HOME AND COMMUNITY PLACES OF PRIDE, POWER AND BELONGING, AND PLATFORMS FOR RESILIENCE AND UPWARD MOBILITY FOR ALL LOW-AND-MODERATE INCOME PEOPLE.ALL OUR EFFORTS SUPPORT OUR STRATEGIC GOALS TO INCREASE HOUSING SUPPLY, ADVANCE RACIAL EQUITY AND BUILD RESILIENCE AND UPWARD MOBILITY.THE ORGANIZATION RAISES PRIVATE CAPITAL THROUGH INVESTMENT AND BY FORMING EFFECTIVE PARTNERSHIPS. THROUGH IDENTIFYING AND CHANNELING CAPITAL TO QUALIFIED PARTNERS, IN ADDITION TO TECHNICAL, ACQUISITION AND FINANCING ASSISTANCE, WE BRING NATIONAL DOLLARS AND KNOW-HOW TO LOCAL COMMUNITIES FOR CRITICAL INVESTMENT IN LOW AND MODERATE INCOME AFFORDABLE HOUSING AND COMMUNITY DEVELOPMENT BUSINESSES.Expenses $96,061,240 · grants $5,485,138 · revenue $102,005,369
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 52-1206840
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L12)
- Assets (IRS master file)
- $550,975,488
- Income (IRS master file)
- $116,084,347
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $116,084,347 | $105,221,051 | $550,975,488 | XML |
| 990 | December 2024 | $94,119,207 | $94,343,704 | $533,991,161 | XML |
| 990 | December 2023 | $111,157,272 | $93,600,356 | $530,215,633 | XML |
| 990 | December 2022 | $103,535,735 | $87,434,045 | $515,265,643 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-1206840).
Questions about ENTERPRISE COMMUNITY INVESTMENT INC
- What is the EIN of ENTERPRISE COMMUNITY INVESTMENT INC?
- The employer identification number (EIN) of ENTERPRISE COMMUNITY INVESTMENT INC is 52-1206840.
- Is ENTERPRISE COMMUNITY INVESTMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2012.
- Are donations to ENTERPRISE COMMUNITY INVESTMENT INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ENTERPRISE COMMUNITY INVESTMENT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ENTERPRISE COMMUNITY INVESTMENT INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ENTERPRISE COMMUNITY INVESTMENT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of ENTERPRISE COMMUNITY INVESTMENT INC?
- The 990 for the year ended December 31, 2025 names LORI CHATMAN.
- Who are the officers and directors of ENTERPRISE COMMUNITY INVESTMENT INC?
- The 990 for the year ended December 31, 2025 lists 20 people; 14 received compensation from the organization, the highest $1,648,290 (PHILIP PORTER, SVP, HEAD OF ACQUISTIONS, EHCI).
- How much revenue does ENTERPRISE COMMUNITY INVESTMENT INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $116,084,347, expenses of $105,221,051 and total assets of $550,975,488 at year end.
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