Skip to content
Nonprofiteer
← ENTERPRISE COMMUNITY LOAN FUND INC

Form 990 for tax year 2023

Filed by ENTERPRISE COMMUNITY LOAN FUND INC.

Totals

Total revenue
$36,120,781
Total expenses
$23,753,467
Contributions and grants received
$9,747,724
Grants paid
$3,255,130
Program services expenses (Part IX)
$22,220,937
Management and general expenses
$1,532,530
Fundraising expenses
$0
Program service expenses (Part III)
$22,220,937

Program services were 93.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • LORI CHATMAN

    DIRECTOR

    Total calculated
    $900,026
    From this org
    $0
    From related orgs
    $865,253
    Other
    $34,773
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $434,598 related
    Bonus
    $0 + $428,333 related
    Other
    $0 + $2,322 related
    Deferred
    $0 + $24,894 related
    Nontaxable benefits
    $0 + $9,879 related
    Filer's total
    $0 + $900,026 related

  • WILLIAM BECKMANN

    SVP & CHIEF FINANCIAL OFFICER

    Total calculated
    $569,690
    From this org
    $0
    From related orgs
    $538,609
    Other
    $31,081
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $410,245 related
    Bonus
    $0 + $124,800 related
    Other
    $0 + $3,564 related
    Deferred
    $0 + $9,900 related
    Nontaxable benefits
    $0 + $21,181 related
    Filer's total
    $0 + $569,690 related

  • LINDA MANLEY

    GENERAL COUNSEL & SEC. AS OF 3/23

    Total calculated
    $543,287
    From this org
    $0
    From related orgs
    $486,453
    Other
    $56,834
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $368,301 related
    Bonus
    $0 + $115,830 related
    Other
    $0 + $2,322 related
    Deferred
    $0 + $24,894 related
    Nontaxable benefits
    $0 + $31,940 related
    Filer's total
    $0 + $543,287 related

  • ELISE BALBONI

    PRESIDENT

    Total calculated
    $484,392
    From this org
    $450,187
    From related orgs
    $0
    Other
    $34,205
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $321,865
    Bonus
    $126,000
    Other
    $2,322
    Deferred
    $24,894
    Nontaxable benefits
    $9,311
    Filer's total
    $484,392

  • CHARLOTTE CROW

    SENIOR VICE PRESIDENT AND TREASURER

    Total calculated
    $356,635
    From this org
    $308,986
    From related orgs
    $0
    Other
    $47,649
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $243,545
    Bonus
    $61,250
    Other
    $4,191
    Deferred
    $23,418
    Nontaxable benefits
    $24,231
    Filer's total
    $356,635

  • TIMOTHY MARTIN

    VP & CHIEF CREDIT OFFICER

    Total calculated
    $338,865
    From this org
    $288,357
    From related orgs
    $0
    Other
    $50,508
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,475
    Bonus
    $57,635
    Other
    $1,247
    Deferred
    $21,759
    Nontaxable benefits
    $28,749
    Filer's total
    $338,865

  • STEPHANIE SHACK

    GENERAL COUNSEL & SEC. UNTIL 3/23

    Total calculated
    $334,781
    From this org
    $0
    From related orgs
    $327,532
    Other
    $7,249
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $81,396 related
    Bonus
    $0 + $111,000 related
    Other
    $0 + $135,136 related
    Deferred
    $0 + $4,923 related
    Nontaxable benefits
    $0 + $2,326 related
    Filer's total
    $0 + $334,781 related

  • JONATHAN CLARKE

    VP & CHIEF LENDING OFFICER

    Total calculated
    $309,979
    From this org
    $277,080
    From related orgs
    $0
    Other
    $32,899
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $220,965
    Bonus
    $55,000
    Other
    $1,115
    Deferred
    $20,538
    Nontaxable benefits
    $12,361
    Filer's total
    $309,979

  • SHAUN DONOVAN

    DIRECTOR

    Total calculated
    $261,397
    From this org
    $0
    From related orgs
    $248,570
    Other
    $12,827
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $247,990 related
    Bonus
    $0
    Other
    $0 + $580 related
    Deferred
    $0 + $5,625 related
    Nontaxable benefits
    $0 + $7,202 related
    Filer's total
    $0 + $261,397 related

  • CHARLES WERHANE

    FORMER DIRECTOR

    Total calculated
    $250,000
    From this org
    $0
    From related orgs
    $250,000
    Other
    $0
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $250,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $250,000 related

  • MONICA WARREN-JONES

    STRATEGIC PROJECTS DIRECTOR

    Total calculated
    $240,703
    From this org
    $199,779
    From related orgs
    $0
    Other
    $40,924
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,705
    Bonus
    $35,690
    Other
    $2,384
    Deferred
    $14,161
    Nontaxable benefits
    $26,763
    Filer's total
    $240,703

  • JOSHUA GRIFF

    DIRECTOR, CREDIT

    Total calculated
    $218,424
    From this org
    $177,162
    From related orgs
    $0
    Other
    $41,262
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,392
    Bonus
    $28,293
    Other
    $477
    Deferred
    $11,872
    Nontaxable benefits
    $29,390
    Filer's total
    $218,424

  • ANNA SMUKOWSKI

    SENIOR DIRECTOR, CAPITAL PROGRAMS

    Total calculated
    $217,308
    From this org
    $194,077
    From related orgs
    $0
    Other
    $23,231
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,696
    Bonus
    $17,045
    Other
    $336
    Deferred
    $12,951
    Nontaxable benefits
    $10,280
    Filer's total
    $217,308

  • SHARON BOLLERS

    DIRECTOR, LENDING

    Total calculated
    $209,484
    From this org
    $187,412
    From related orgs
    $0
    Other
    $22,072
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,935
    Bonus
    $19,857
    Other
    $620
    Deferred
    $12,281
    Nontaxable benefits
    $9,791
    Filer's total
    $209,484

  • STEPHANIE BARRETT

    SENIOR LOAN OFFICER

    Total calculated
    $206,747
    From this org
    $165,198
    From related orgs
    $0
    Other
    $41,549
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,329
    Bonus
    $15,364
    Other
    $1,505
    Deferred
    $10,864
    Nontaxable benefits
    $30,685
    Filer's total
    $206,747

  • ALICE CARR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CATHY DOLAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HAROLD PETTIGREW

    DIRECTOR UNTIL 3/23

    Total calculated
    $0
    Hours/week
    1

  • CYNTHIA MULLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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 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

  • AGORSOR EQUITY

    $300,000

    FOR CAPACITY BUILDING FOR PREDEVELOPMENT COSTS FOR BIPOC DEVELOPERS.

  • CJG LLC

    $250,000

    FOR CAPACITY BUILDING FOR PREDEVELOPMENT COSTS FOR BIPOC DEVELOPERS.

  • SIGNATURE ON 35TH LLC

    $250,000

    FOR CAPACITY BUILDING FOR PREDEVELOPMENT COSTS FOR BIPOC DEVELOPERS.

  • MEDICI ROAD

    $250,000

    FOR CAPACITY BUILDING FOR PREDEVELOPMENT COSTS FOR BIPOC DEVELOPERS.

  • WILTRUST GROUP

    $241,000

    FOR CAPACITY BUILDING FOR PREDEVELOPMENT COSTS FOR BIPOC DEVELOPERS.

  • MARLEX CP

    $200,000

    FOR CAPACITY BUILDING FOR PREDEVELOPMENT COSTS FOR BIPOC DEVELOPERS.

  • BE A HELPING HAND FOUNDATION

    $200,000

    FOR CAPACITY BUILDING FOR PREDEVELOPMENT COSTS FOR BIPOC DEVELOPERS.

  • AFRICATOWN COMMUNITY LAND TRUST

    $200,000

    FOR CAPACITY BUILDING FOR PREDEVELOPMENT COSTS FOR BIPOC DEVELOPERS.

  • BANNEKER VENTURES

    $199,680

    FOR CAPACITY BUILDING FOR PREDEVELOPMENT COSTS FOR BIPOC DEVELOPERS.

  • GREENBIRDZ LLC

    $160,000

    FOR CAPACITY BUILDING FOR PREDEVELOPMENT COSTS FOR BIPOC DEVELOPERS.

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
2023
Filed
13 August 2024
IRS schema version
2023v5.1
Source object
202442269349301969

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.