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Nonprofiteer
← ENTERPRISE COMMUNITY LOAN FUND INC

Form 990 for tax year 2022

Filed by ENTERPRISE COMMUNITY LOAN FUND INC.

Totals

Total revenue
$35,729,584
Total expenses
$19,483,504
Contributions and grants received
$16,174,870
Grants paid
$3,544,621
Program services expenses (Part IX)
$18,106,607
Management and general expenses
$1,376,897
Fundraising expenses
$0
Program service expenses (Part III)
$18,106,607

Program services were 92.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ALICE CARR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CATHY DOLAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CYNTHIA MULLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HAROLD PETTIGREW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PRISCILLA ALMODOVAR

    DIRECTOR

    Total calculated
    $2,271,979
    From this org
    $0
    From related orgs
    $2,262,795
    Other
    $9,184
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $643,052 related
    Bonus
    $0 + $1,561,890 related
    Other
    $0 + $57,853 related
    Deferred
    $0 + $9,150 related
    Nontaxable benefits
    $0 + $34 related
    Filer's total
    $0 + $2,271,979 related

  • TERRI NORTH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHARLOTTE CROW

    SENIOR VICE PRESIDENT AND TREASURER

    Total calculated
    $330,627
    From this org
    $285,367
    From related orgs
    $0
    Other
    $45,260
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $230,797
    Bonus
    $50,520
    Other
    $4,050
    Deferred
    $21,956
    Nontaxable benefits
    $23,304
    Filer's total
    $330,627

  • ELISE BALBONI

    PRESIDENT AS OF 12/22

    Total calculated
    $398,521
    From this org
    $366,734
    From related orgs
    $0
    Other
    $31,787
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $301,588
    Bonus
    $62,824
    Other
    $2,322
    Deferred
    $23,040
    Nontaxable benefits
    $8,747
    Filer's total
    $398,521

  • JONATHAN CLARKE

    VP & CHIEF LENDING OFFICER

    Total calculated
    $275,328
    From this org
    $245,671
    From related orgs
    $0
    Other
    $29,657
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,612
    Bonus
    $33,000
    Other
    $1,059
    Deferred
    $18,060
    Nontaxable benefits
    $11,597
    Filer's total
    $275,328

  • LORI CHATMAN

    PRESIDENT UNTIL 12/22

    Total calculated
    $682,400
    From this org
    $0
    From related orgs
    $650,197
    Other
    $32,203
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $420,930 related
    Bonus
    $0 + $226,945 related
    Other
    $0 + $2,322 related
    Deferred
    $0 + $23,040 related
    Nontaxable benefits
    $0 + $9,163 related
    Filer's total
    $0 + $682,400 related

  • SALLY HEBNER

    SVP, CFO UNTIL 10/22

    Total calculated
    $526,091
    From this org
    $0
    From related orgs
    $492,729
    Other
    $33,362
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $342,620 related
    Bonus
    $0 + $130,000 related
    Other
    $0 + $20,109 related
    Deferred
    $0 + $9,150 related
    Nontaxable benefits
    $0 + $24,212 related
    Filer's total
    $0 + $526,091 related

  • STEPHANIE SHACK

    GENERAL COUNSEL & SECRETARY

    Total calculated
    $511,824
    From this org
    $0
    From related orgs
    $480,037
    Other
    $31,787
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $367,795 related
    Bonus
    $0 + $111,000 related
    Other
    $0 + $1,242 related
    Deferred
    $0 + $23,040 related
    Nontaxable benefits
    $0 + $8,747 related
    Filer's total
    $0 + $511,824 related

  • TIMOTHY MARTIN

    VP & CHIEF CREDIT OFFICER

    Total calculated
    $303,765
    From this org
    $256,213
    From related orgs
    $0
    Other
    $47,552
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $217,212
    Bonus
    $37,874
    Other
    $1,127
    Deferred
    $19,583
    Nontaxable benefits
    $27,969
    Filer's total
    $303,765

  • WILLIAM BECKMANN

    SVP, CFO AS OF 12/22

    Total calculated
    $114,309
    From this org
    $0
    From related orgs
    $107,645
    Other
    $6,664
    Hours/week
    1 + 39 related

  • EKATERINA IZYUMOVA

    DIRECTOR - LOAN FUND

    Total calculated
    $205,511
    From this org
    $182,492
    From related orgs
    $0
    Other
    $23,019
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,502
    Bonus
    $20,647
    Other
    $343
    Deferred
    $12,545
    Nontaxable benefits
    $10,474
    Filer's total
    $205,511

  • JOSHUA GRIFF

    DIRECTOR, CREDIT

    Total calculated
    $199,014
    From this org
    $158,099
    From related orgs
    $0
    Other
    $40,915
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,258
    Bonus
    $19,536
    Other
    $305
    Deferred
    $11,001
    Nontaxable benefits
    $29,914
    Filer's total
    $199,014

  • JOY GARVIN

    DIRECTOR - LOAN FUND

    Total calculated
    $183,371
    From this org
    $157,904
    From related orgs
    $0
    Other
    $25,467
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,926
    Bonus
    $15,288
    Other
    $690
    Deferred
    $7,262
    Nontaxable benefits
    $18,205
    Filer's total
    $183,371

  • MONICA WARREN-JONES

    STRATEGIC PROJECTS DIRECTOR

    Total calculated
    $227,476
    From this org
    $186,723
    From related orgs
    $0
    Other
    $40,753
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,986
    Bonus
    $31,454
    Other
    $2,283
    Deferred
    $13,642
    Nontaxable benefits
    $27,111
    Filer's total
    $227,476

  • SHARON BOLLERS

    DIRECTOR, LENDING

    Total calculated
    $195,669
    From this org
    $174,920
    From related orgs
    $0
    Other
    $20,749
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,140
    Bonus
    $20,196
    Other
    $584
    Deferred
    $11,522
    Nontaxable benefits
    $9,227
    Filer's total
    $195,669

  • CHARLES WERHANE

    DIRECTOR

    Total calculated
    $1,701,336
    From this org
    $0
    From related orgs
    $1,684,582
    Other
    $16,754
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $271,790 related
    Bonus
    $0 + $544,772 related
    Other
    $0 + $868,020 related
    Deferred
    $0 + $14,875 related
    Nontaxable benefits
    $0 + $1,879 related
    Filer's total
    $0 + $1,701,336 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
RETIREMENT AND OTHER DEFERRED COMPENSATION FOR MS. ALMODOVAR INCLUDES $100,000 RELATED TO A $600,000 THREE-YEAR CLIFF VEST CASH BONUS THAT WAS INCLUDED IN MS. ALMODOVAR'S OFFER LETTER UPON JOINING ENTERPRISE, AND WAS PAID ON THE THIRD ANNIVERSARY OF HER START DATE IN SEPTEMBER 2022.
PART I, LINE 6
THE SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN AMOUNT IS PARTIALLY CALCULATED BASED ON THE NET INCOME OF RELATED ORGANIZATIONS AS WELL AS SPECIFIC QUALITATIVE GOALS MET BY THE EMPLOYEE.
PART I, LINE 7
ALL ECLF EMPLOYEES HAVE A PERFORMANCE BONUS PLAN BASED ON ACHIEVING CERTAIN FINANCIAL AND IMPACT TARGETS AND OTHER PERFORMANCE CRITERIA.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
29 August 2023
IRS schema version
2022v5.0
Source object
202302439349300525

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.