2013-07-18T07:10:48-05:00 2012-12-31 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 208146583 990 2012-01-01 520192004 ENTERPRISE COMMUNITY LOAN FUND INC % MICHAEL MCNEELY ENTE 4109640552 11000 BROKEN LAND PARKWAY Suite 700 COLUMBIA MD 21044 michael mcneely 4107726016 2013-06-01 true ANNE SCHRANTZ CPA 3016529100 2012 2016-02-24 21:20:13Z X MICHAEL MCNEELY 11000 BROKEN LAND PARKWAY 700 COLUMBIA MD 21044 8991769 false X WWW.ENTERPRISECOMMUNITY.COM X 1990 MD ENTERPRISE COMMUNITY LOAN FUND DELIVERS INNOVATIVE FINANCIAL PRODUCTS AND TECHNICAL ASSISTANCE TO ORGANIZAtiONS TO ACQUIRE, DEVELOP, AND PRESERVE QUALITY AFFORDABLE HOUSING AND TO REVITALIZE COMMUNITIES. 7 5 20 0 8832437 1988959 6790100 6658550 253741 344260 0 0 15876278 8991769 0 0 0 0 1270546 1432889 0 0 0 6511352 7089184 7781898 8522073 8094380 469696 155634201 147516517 126162320 117022059 29471881 30494458 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 7994285 6658550 Enterprise Community Loan Fund was formed to promote decent, safe, and affordable housing for low-income persons and families in furtherance of its mission and that of its parent organization, Enterprise Community Partners. Enterprise Community Partners and Enterprise Community Loan Fund believe that the provision of decent, safe, and affordable housing is the first step in enabling low income persons and families to break out of the cycle of poverty, and is also a means to combat community deterioration and revitalize distressed neighborhoods. In furtherance of these purposes, Enterprise Community Loan Fund provides loans to nonprofit developers and select mission-aligned for profit developers to support the overall development and financing of low income housing units and community space. Loans are also provided to other types of non-profit community based groups working to revitalize their community. Access to adequate funding is one of the greatest challenges facing community-based organizations. Enterprise Community Loan Fund has provided loans to support the overall development and financing of low income housing units and community space. The making of loans and directly providing capacity-building and "borrower readiness" expertise that effectively positions borrowers to successfully obtain financing is an important program activity of Enterprise Community Loan Fund in furtherance of its mission and that of Enterprise Community Partners. Enterprise Community Loan fund is a federally certified Community Development Financial Institution. It is also one of the largest nonprofit CDFIs in the country. Enterprise Community Loan Fund has participated in conferences, seminars, workshops and other training programs sponsored by its parent organization, Enterprise Community Partners, and other organizations. These conferences were attended by persons representing organizations involved in the low-income housing and community development fields. Through such conferences, seminars, workshops, online webinars etc., Enterprise Community Loan Fund communicated educational information, provided market analyses, organizational assessments, and business and strategic planning. They also offered training regarding the financial tools available to nonprofit-sponsored housing projects, as well as information regarding the development, financing structure, and oversight of low-income housing projects and community facilities in a manner that will meet the long-term needs of low-income residents and their communities. Enterprise Community Loan Fund served as an information resource for nonprofit groups involved in the acquisition, development, ownership, and management of low-income housing and community facilities. In this capacity, it responded to inquiries from nonprofits, typically local, community-based organizations that needed information or had questions about specific issues involving the provision of decent, safe, affordable housing to low-income persons and facilities. Enterprise Community Loan Fund was not compensated for this activity. 7994285 true true false false false false false false false true 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 14 0 true 20 true false false false false false false false false false false false false false X 7 5 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 MICHAEL MCNEELY 4107726016 11000 BROKEN LAND PARKWAY STE 700 columbia MD 21044 WILLIAM FREY 1.0 37.0 X 0 266839 22142 ROBERT TSIEN 1.0 X 0 0 0 DOROTHY BROADMAN 1.0 X 0 0 0 RON GRZYWINSKI 1.0 X 0 0 0 SCOTT HOEKMAN 1.0 X 0 0 0 TERRI LUDWIG 1.0 37.0 X X 0 484612 32220 charles werhane 1.0 X 0 0 0 FAITH THOMAS 1.0 37.0 X 0 233204 24604 CHARLOTTE CROW 38.0 X 187121 0 21288 LORI CHATMAN 38.0 X 231183 0 20731 MIchael MCNEELY 5.0 33.0 X 0 311337 19197 ABBY JO SIGAL 38.0 X 0 227795 26154 ANTONIETA RAMOS 38.0 X 181034 0 23058 KEITH FAIREY 1.0 37.0 X 0 200565 23809 OYESHOLA OLATOYE 1.0 37.0 X 0 186781 27956 LINDA SORDEN 38.0 X 107566 0 12432 TIMOTHY MARTIN 38.0 X 164570 0 17644 JAMES CLARKE 38.0 X 116336 0 8538 DANIELLE HAMMANN 38.0 X 109867 0 12369 VICTORIA BARRECA 38.0 X 103410 0 11919 1201087 1911133 304061 8 false true false 0 250000 1588244 150715 1988959 FEE INCOME 531110 636823 636823 MISCELLANEOUS 531110 35499 35499 INTEREST ON PROG 531110 6105509 6105509 RELATED INVESTMENT-TOAH/BAY AREA K-1 531390 -119281 -119281 RELATED INVESTMENT-GSAF, LLC K-1 531390 0 0 6658550 344260 344260 0 0 0 0 0 0 0 0 0 0 8991769 6658550 344260 0 0 0 0 599338 486006 113332 0 635074 514984 120090 0 198477 152883 45594 0 0 0 0 0 0 0 0 800 704 96 41898 36870 5028 0 0 188358 165755 22603 57553 50647 6906 0 9637 8480 1157 3085043 3085043 525000 525000 58551 51525 7026 0 PROFESSIONAL FEES 1136591 925796 210795 0 MISCELLANEOUS -40327 -35488 -4839 BAD DEBTS 2026080 2026080 8522073 7994285 527788 0 0 0 43190153 28901704 0 0 101880 199398 0 0 0 0 101439505 106039669 0 0 8240 0 322391 320554 60388 1837 8046338 10610491 866782 931064 51003 51240 0 0 1869912 781114 155634201 147516517 976447 1114332 0 0 0 0 0 0 0 0 0 0 0 0 117890301 109154279 7295572 6753448 126162320 117022059 X 19507058 21136919 9964823 9357539 0 0 29471881 30494458 155634201 147516517 X 469696 554175 -1294 X false true X true false X X X false false false ENTERPRISE COMMUNITY PARTNERS INC 521231931 07 true true true 525000 1 525000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3770 1933 1837 318621 318621 1837 0 DEPOSITS HELD FOR OTHERS 6475336 DUE TO PARENT 271887 DUE TO AFFILIATE 6225 6753448 9144650 554175 554175 8590475 401294 401294 8991769 8122073 8122073 400000 400000 8522073 FIN 48 Footnote schedule D part X, question 2 The Loan Fund has received a determination letter from the Internal Revenue Service (IRS) to be treated as a tax exempt entity pursuant to section 501(c)(3) of the Internal Revenue Code (the Code). The Loan Fund did not have any unrelated business income during the years ended December 31, 2012 and 2011. Accordingly, no provision or benefit for income taxes has been recorded in the accompanying consolidated financial statements. The Loan Fund is required to file and does file tax returns with the IRS. difference in investment in llc toah/bay SCHEDULE D PART XI LINE 8 and PArt XII line 2d tax to gaap difference in investment in llc 1,294 refund of prior year contribution 400,000 from sponsoring organization X X false false false false false false false true false FAITH THOMAS 0 197702 0 33860 0 1642 0 18150 0 6454 0 257808 0 CHARLOTTE CROW 168350 0 17129 1642 14071 7217 208409 0 0 0 LORI CHATMAN 194459 0 35103 0 1621 0 17731 0 3000 0 251914 0 0 0 WILLIAM FREY 0 203312 0 61112 0 2415 0 19197 0 2945 0 288981 0 0 MIchael MCNEELY 0 241968 0 67279 0 2090 0 19197 0 0 330534 0 0 ABBY JO SIGAL 0 189812 0 37331 0 652 0 17913 0 8241 0 253949 0 TERRI LUDWIG 0 376143 0 108000 0 469 0 19197 0 13023 0 516832 0 0 ANTONIETA RAMOS 165720 0 14512 0 802 0 13784 0 9274 0 204092 0 0 0 KEITH FAIREY 0 166185 0 33728 0 652 0 15471 0 8338 0 224374 0 TIMOTHY MARTIN 151258 0 13012 0 300 0 11990 0 5654 0 182214 0 0 0 OYESHOLA OLATOYE 0 148270 0 37899 0 612 0 14678 0 13278 0 214737 0 0 Schedule J part I questIon 7 officers and key employees have a performance bonus plan based on achieving certain financial targets and other individual performance criteria. governance part vi section B question 11 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 part vi section B question 12C 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 part vi section B question 15 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 part vi Section C - question 19 no documents available to the public. form 990, part Xi - other changes 2012 INVEST IN LLC GAAP/Tax difference - (1,294) TOAH/BAY ENTERPRISE COMMUNITY PARTNERS INC 11000 broken land parkway COLUMBIA MD 21044 521231931 AFF. HOUSING MD 501(C)(3) 509(a)(1) NA false ECLF TOAH MEMLLC 11000 broken land parkway COLUMBIA MD 21044 275305396 FINANCING DE ECLF RELATED 1531 53270 false false 0.99990 false true true false true false false false false false true false true false false true false false false