2015-07-16T10:33:03-05:00 2014-12-31 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 208146583 990 2014-01-01 520192004 ENTERPRISE COMMUNITY LOAN FUND INC % CRAIG MELLENDICK ENTE 4109640552 11000 BROKEN LAND PARKWAY Suite 700 COLUMBIA MD 21044 craig mellendick cfo 4109640552 2015-07-11 true ANNE SCHRANTZ CPA P00230625 3016529100 2015-07-11 2014 2016-02-25 16:41:14Z craig mellendick 11000 BROKEN LAND PARKWAY 700 COLUMBIA MD 21044 12506843 false X WWW.ENTERPRISECOMMUNITY.COM X 1990 MD to deliver innovative financial products AND TECHNICAL ASSISTANCE TO ORGANIZAtiONS TO ACQUIRE, DEVELOP, AND PRESERVE QUALITY AFFORDABLE HOUSING AND TO REVITALIZE COMMUNITIES. 5 4 25 0 1502917 4175770 6638793 8105963 1584691 225110 0 0 9726401 12506843 0 0 0 0 1325110 1977670 0 0 0 4588869 3893304 5913979 5870974 3812422 6635869 153171768 173857855 119518889 133304746 33652879 40553109 X ENTERPRISE COMMUNITY LOAN FUND DELIVERS INNOVATIVE FINANCIAL PRODUCTS AND TECHNICAL ASSISTANCE TO MISSION-ALIGNED ORGANIZATIONS TO ACQUIRE, DEVELOP AND PRESERVE QUALITY AFFORDABLE HOUSING FOR LOW AND MODERATE-INCOME FAMILIES, AND TO REVITALIZE THEIR COMMUNITIES BY PROVIDING ACCESS TO GOOD JOBS, QUALITY AFFORDABLE HOUSING, FIRST-RATE SCHOOLS, TRANSPORTATION AND HEALTHY LIVING ENVIRONMENTS. false false 5114641 8105963 Enterprise Community Loan Fund has generated cumulative loan volume (including commitments) of more than $1.3 billion, supporting the development or preservation of approximately 100,000 affordable housing units. 5114641 true true false false false false false false false false false false false true true false true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 18 0 true 25 true false false false false false false false false false false false false false X 5 4 false false false false false false false true true false false true true true true true true true true false CA MD NM X X CRAIG MELLENDICK 4107726016 11000 BROKEN LAND PARKWAY STE 700 columbia MD 21044 X RON GRZYWINSKI DIRECTOR 1.0 X SCOTT HOEKMAN DIRECTOR 1.0 37.0 X 418988 89589 TERRI LUDWIG DIRECTOR, CHAIRMAN 1.0 37.0 X X 539007 38488 charles werhane director 1.0 37.0 X 885189 117643 BILL BECKMANN DIRECTOR 1.0 0.0 X 0 0 0 FAITH THOMAS SECRETARY 1.0 37.0 X 263972 34023 CHARLOTTE CROW TREASURER/SR. VICE PRESIDENT 38.0 X 205578 0 41134 LORI CHATMAN PRESIDENT 38.0 X 279381 19890 ANTONIETA RAMOS VICE PRESIDENT 38.0 X 204070 0 46142 KEITH FAIREY ASSISTANT SECRETARY 1.0 37.0 X 240458 36703 TIMOTHY MARTIN VICE PRESIDENT 38.0 X 184184 37324 CRAIG MELLENDICK VICE PRESIDENT 1.0 37.0 X 494128 38488 JUDITH KENDE ASSISTANT SECRETARY 1.0 37.0 X 123707 12309 LINDA SORDEN SENIOR LENDER 38.0 X 128051 27238 JAMES CLARKE SENIOR LENDER 38.0 X 133527 16648 DANIELLE HAMMANN SENIOR LENDER 38.0 X 125331 23610 VICTORIA BARRECA LENDER 38.0 X 104574 11265 MALINI NAYER LENDER 38.0 X 107503 33772 MIchael MCNEELY FORMER VICE PRESIDENT 38.0 X 324340 19890 1472199 3289789 644156 9 true true false 0 2096687 2079083 4175770 FEE INCOME 531110 439823 439823 MISCELLANEOUS 531110 89219 89219 INTEREST ON PROG 531110 7536207 7536207 RELATED INVESTMENT-TOAH/BAY AREA K-1 531390 23571 23571 RELATED INVESTMENT-GSAF, LLC K-1 531390 17143 17143 8105963 225056 225056 0 0 0 0 0 54 54 54 54 0 0 0 0 12506843 8105963 225110 0 0 0 0 873213 695570 177643 0 810862 645904 164958 0 293595 228933 64662 0 0 0 0 0 0 0 0 1800 1530 270 68234 57999 10235 0 0 205723 174864 30859 74796 63577 11219 0 13813 11741 2072 3322137 3322137 0 0 0 PROFESSIONAL FEES 1449156 1154916 294240 MISCELLANEOUS 1169 994 175 BAD DEBTS -1243524 -1243524 0 5870974 5114641 756333 0 0 0 31046015 38368535 0 0 2149218 576849 0 0 0 0 113886758 124793424 0 0 19000 264469 318621 318621 5916185 9649101 0 0 57773 123899 0 0 96819 81578 153171768 173857855 795052 640550 0 0 0 0 0 0 0 0 0 0 0 0 114556399 127979985 4167438 4684211 119518889 133304746 X 27567909 33625343 6084970 6927766 0 0 33652879 40553109 153171768 173857855 X 6635869 239584 24777 X false true X true false X X 1 ENTERPRISE COMMUNITY PARTNERS INC 521231931 07 true 0 0 1 0 true false false false false false false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 318621 318621 0 DEPOSITS HELD FOR OTHERS 4494245 DUE TO PARENT 153382 DUE TO AFFILIATE 36584 4684211 FIN 48 Footnote Income taxes Loan Fund is recognized as 501(c)(3) social welfare organization and is exempt from income taxes with respect to charitable activities, except for unrelated business income. We did not have any unrelated business income during the years ended December 31, 2014 and 2013. Accordingly, no provision or benefit for income taxes has been recorded in the accompanying consolidated financial statements. We do file tax returns required to be completed by tax exempt entities with the Internal Revenue Service ("IRS") and other taxing authorities. These income tax returns are subject to examination by the IRS for a period of three years. While no income tax returns are currently being examined by the IRS, tax years since 2011 remain open for examination. Accordingly, these consolidated financial statements do not reflect a provision for income taxes and there are no other tax positions which must be considered for disclosure. difference in investment in ECLF TOAH MEMBER, llc/bay AREA and GSAF, LLC TOTAL TAX TO GAAP DIFFERENCE FOR SUBSIDIARY INVESTMENT IN ECLF TOAH MEMBER, llc/bay AREA AND K-1 INVESTMENT IN GSAF, LLC IS $24,777. X X false false false false false false false true false FAITH THOMAS SECRETARY 226313 35327 2332 19890 14133 297995 CHARLOTTE CROW TREASURER/SR. VICE PRESIDENT 185808 0 18128 0 1642 0 14876 26258 246712 0 0 0 LORI CHATMAN PRESIDENT 220887 56892 1602 19890 299271 MIchael MCNEELY FORMER VICE PRESIDENT 256250 66000 2090 19890 344230 SCOTT HOEKMAN DIRECTOR 224626 130393 63969 70991 18598 508577 TERRI LUDWIG DIRECTOR, CHAIRMAN 424167 114121 719 19890 18598 577495 ANTONIETA RAMOS VICE PRESIDENT 185200 0 18068 0 802 0 14707 31435 250212 0 0 0 KEITH FAIREY ASSISTANT SECRETARY 200089 39717 652 18105 18598 277161 LINDA SORDEN SENIOR LENDER 118264 8307 1480 7881 19357 155289 TIMOTHY MARTIN VICE PRESIDENT 166063 17821 300 13040 24284 221508 charles werhane director 393372 287066 204751 103510 14133 1002832 JAMES CLARKE SENIOR LENDER 123668 9490 369 8474 8174 150175 CRAIG MELLENDICK VICE PRESIDENT 312903 131109 50116 19890 18598 532616 Schedule J officers and key employees have a performance bonus plan based on achieving certain financial targets and other individual performance criteria. goveRNANCE THE BOARD IS GIVEN A COPY OF THE ForM 990 TO REVIEW, AND IT IS DISCUSSED IN THE BOARD MEETING AND APPROVED IN ADVANCE OF FILING. goveRNANCE An annual conflict of interest disclosure exercise is performed by the organization each January. 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. The Chief Audit Executive reviews and approves the document content and follows up on any concerns with 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 Loan Fund Conflict of Interest Policy and complete a Disclosure Statement. The completed statements are reviewed by the General Counsel. Any issues noted are referred to the Board or appropriate committee. goveRNANCE The process for determining compensation for the President and other Officers of Enterprise Community Loan Fund is as follows. The Chairman of the Board approves the President's compensation, utilizing comparability data. The Chairman also reviews and approves the President's recommendations for the other Officer's compensation, utilizing comparability data. discLOSURE no documents available to the public. discLOSURE 2013 INVEST IN ECLF TOAH MEMBER, LLC/BAY AREA AND GSAF, LLC GAAP/TAX DIFFERENCE ($24,777). ENTERPRISE COMMUNITY PARTNERS INC 11000 broken land parkway COLUMBIA MD 21044 521231931 AFF. HOUSING MD 501(C)(3) 509(a)(1) NA false enterprise community investment inc 11000 broken land parkway 700 columbia MD 21044 521206840 AFF. HOUSING MD 501(c)(4) N/A false ECLF TOAH MEMLLC 11000 broken land parkway COLUMBIA MD 21044 275305396 FINANCING DE ECLF RELATED 23599 82634 false false 0.99990 true false true true true false false false false false true false true false false true false false false