Enterprise Community Loan Fund Inc
Enterprise Community Loan Fund Inc is a public charity based in Columbia, Maryland, formed in 1990. Its stated mission is to provide financial products and technical assistance to organizations working to acquire, develop, and preserve affordable housing and revitalize communities.
Enterprise Community Loan Fund Inc at a glance
In short: Enterprise Community Loan Fund Inc gave $4.9M across 22 grants in 2025 (avg $225K), top state Washington. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $4,948,425
- +254.0% vs 2024
- Grants made (2025)
- 22
- +46.7% vs 2024
- Average grant
- $224,928
- +141.4% vs 2024
- Median grant
- $225,000
- Total assets
- $571,747,524
- +3.6% vs 2024
- Primary geography
- Washington (48% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated November 2026.
How to apply to Enterprise Community Loan Fund Inc
- Contact
Mailing address: 11000 Broken Land Parkway 700, Columbia, MD 21044
Phone: (410) 964-0552
Website: https://enterprisecommunity.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Enterprise Community Loan Fund Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Vantage Realty Capital ($650K). Together the top 10 received $3.6M.
Grant Size Distribution
87 grants across all recorded years
The most common grant size was in the $100–250K range: 41 grants of 87 (47%).
Geographic Focus
Where this funder awards grants
The 2024 grant dollars went to recipients in Washington (41%), the District of Columbia (23%), Maryland (14%), Nevada (11%), and Virginia (8%). Listed recipients also included organizations in Tennessee.
Grant Distribution by State
Share of 2025 grant dollars across all 22 itemized grants.
Cities
How Enterprise Community Loan Fund Inc gives
Estimate from itemized grant lists in IRS Form 990 filings (2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $72K (2021) to $4.9M (2025). In 2025 it made 22 grants totaling $4.9M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Vantage Realty Capital Washington, DC | For capacity building for predevelopment costs for affordable housing developers. | $650,000 |
| Rantate Holdings LLC Fife, WA | For capacity building for predevelopment costs for affordable housing developers. | $500,000 |
| Blackfish Capital Seattle, WA | For capacity building for predevelopment costs for affordable housing developers. | $473,740 |
| More Washington, DC | For capacity building for predevelopment costs for affordable housing developers. | $460,500 |
| Cubed Partners Washington, DC | For capacity building for predevelopment costs for affordable housing developers. | $330,500 |
| Yoke Management Partners Bowie, MD | For capacity building for predevelopment costs for affordable housing developers. | $250,000 |
| Bethune Development LLC Washington, DC | For capacity building for predevelopment costs for affordable housing developers. | $225,000 |
| East African Community Services Seattle, WA | For capacity building for predevelopment costs for affordable housing developers. | $225,000 |
| Pecg Washington, DC | For capacity building for predevelopment costs for affordable housing developers. | $225,000 |
| Seattle Indian Services Commission Seattle, WA | For capacity building for predevelopment costs for affordable housing developers. | $225,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $571,747,524 | $30,563,471 | $31,949,043 | $4,948,425 | 22 | $6,723,974 |
| 2024 | $551,828,162 | $49,840,527 | $33,174,444 | $1,397,790 | 15 | $6,151,171 |
| 2023 | $480,806,615 | $36,120,781 | $23,753,467 | $3,255,130 | 23 | $4,813,873 |
| 2022 | $426,085,407 | $35,729,584 | $19,483,504 | $3,544,621 | 24 | $1,398,301 |
| 2021 | $332,804,742 | $25,996,753 | $14,161,786 | $71,914 | 3 | $25,940 |
| 2020 | $290,883,051 | $39,063,451 | $15,787,794 | $228,086 | 11 | $206,339 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The organization’s stated mission is “to deliver innovative financial products and technical assistance to organizations to acquire, develop, and preserve quality affordable housing and to revitalize communities.”
Its 2024 grants included capacity-building support for predevelopment costs for BIPOC developers. Among its grantees, Little Lights Urban Ministries Inc. received $40,000 in 2024; the grantee describes its mission as empowering underserved youth and families in Washington, DC through academics, life skills, the arts, and discipleship.
Grantmaking
In 2024, the funder reported 15 grants totaling $1,397,790. Grant amounts ranged from $11,500 to $200,000, with a median of $50,000. The listed grants most commonly described their purpose as capacity building for predevelopment costs for BIPOC developers. Its 2025 filing, the latest on this page, reports 22 grants totaling $4.9 million.
Notable 2024 grants included $200,000 each to CJG LLC and TOC Enterprises; $175,000 to A & D Quality Construction Co; $150,000 to Alpha Sharp Development Co LLC; and $141,290 to Quality Development LLC. These grants were designated for capacity building for predevelopment costs for BIPOC developers.
The filing states that grant funds are monitored through required reporting focused on financial performance, program outcomes, and organizational outcomes. No application process, application materials, restrictions, or deadline are provided in the available information.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Shaun Donovan and Lori Chatman as directors. Other listed officers and staff are Elise Balboni, president; William Beckmann, SVP and CFO until October 2024; Linda Manley, SVP, CLO and secretary; Charlotte Crow, SVP and treasurer; Timothy Martin, VP and chief credit officer; Jonathan Clarke, VP and chief lending officer; Anna Smukowski, managing director of impact investing; and Monica Warren-Jones, director of strategic projects.
Enterprise Community Loan Fund Inc is led by Elise Balboni, President since 2022 (on filings since 2021); 9 of 20 officers listed in 2025 are compensated.
Officers on the 2025 filing
Elise Balboni
President
Senior Vice President, Strategic Initiatives & Cap → President, 2022
On filings since 2021
40 hrs/week
$234K (2021) → $519K (2025)
Lori Chatman
Chair
President → Director, 2023
Director → Chair, 2025
On filings since 2020
2 hrs/week
$437K (2020) → $0 (2025)
Anna Smukowski
Managing Director & Impact Investing
Senior Director & Capital Programs → Managing Director & Impact Investing, 2024
On filings since 2023
40 hrs/week
$194K (2023) → $231K (2025)
Joy Garvin
Senior Director & Lending Operations
Director - Loan Fund → Director & Lending Operations, 2024
Director & Lending Operations → Senior Director & Lending Operations, 2025
On filings since 2020
40 hrs/week
$139K (2020) → $224K (2025)
Joshua Griff
Director & Credit
On filings since 2022
40 hrs/week
$158K (2022) → $225K (2025)
Monica Warren-Jones
Senior Director & Strategic Project
Strategic Projects Director → Director & Strategic Projects, 2024
Director & Strategic Projects → Senior Director & Strategic Project, 2025
On filings since 2022
40 hrs/week
$187K (2022) → $218K (2025)
Sharon Bollers
Senior Director & Lending
Director & Lending → Senior Director & Lending, 2025
On filings since 2022
40 hrs/week
$175K (2022) → $231K (2025)
Cynthia Muller
Director
Trustee → Director, 2022
On filings since 2020
1 hr/week
No compensation reported
Alice Carr
Director
Trustee → Director, 2022
On filings since 2021
1 hr/week
No compensation reported
Shaun Donovan
Director
On filings since 2023
1 hr/week
No compensation reported
Kerry E. O'Neill
Director
On filings since 2024
1 hr/week
No compensation reported
Taiisa Kelly
Director
On filings since 2024
1 hr/week
No compensation reported
Carmen Romero
Director
New on the 2025 filing
1 hr/week
No compensation reported
Paul Bernard
Director
New on the 2025 filing
1 hr/week
No compensation reported
Suzanne Anarde-Devenport
Director
New on the 2025 filing
1 hr/week
No compensation reported
Charlotte Crow
Senior Vice President & Treasurer
Senior Vice President → Senior Vice President & Treasurer, 2021
On filings since 2020
40 hrs/week
$252K (2020) → $341K (2025)
Timothy Martin
Vice President & Chief Credit Officer
On filings since 2020
40 hrs/week
$229K (2020) → $318K (2025)
Jonathan Clarke
Vice President & Chief Lending Officer
On filings since 2022
40 hrs/week
$246K (2022) → $307K (2025)
Linda Manley
Senior Vice President, Clo & Secretary
General Counsel & Secretary → Senior Vice President, Clo & Secretary, 2024
On filings since 2023
4 hrs/week
No compensation reported
David Rands
Senior Vice President & Cofo
Senior Vice President & CFO → Senior Vice President & Cofo, 2025
On filings since 2024
1 hr/week
No compensation reported
Former officers (18)
- Former: Charles Werhane (2020–2024) — Former Director
- Former: William Beckmann (2022–2024) — Senior Vice President & CFO
- Former: Cathy Dolan (2020–2023) — Director
- Former: Stephanie Shack (2020–2023) — General Counsel & Secretary
- Former: Harold Pettigrew (2021–2023) — Director
- Former: Stephanie Barrett (2023) — Senior Loan Officer
- Former: Ekaterina Izyumova (2020–2022) — Director - Loan Fund
- Former: Sally Hebner (2020–2022) — Senior Vice President & CFO
- Former: Priscilla Almodovar (2021–2022) — Director
- Former: Terri North (2021–2022) — Director
- Former: James Jonathan Clarke (2020–2021) — Vice President & Chief Lending Officer
- Former: Linda Sorden (2020–2021) — Senior Loan Officer
- Former: Robert Bachmann (2020–2021) — Senior Director & Impact Investing
- Former: William Lambe III (2020–2021) — Senior Director, Strategic Initiatives & Business D
- Former: Antonieta M. Ramos (2020) — Vice President & Chief Operating Officer
- Former: David Senft (2020) — Trustee
- Former: Judd Levy (2020) — Trustee
- Former: Marla Bilonick (2020) — Trustee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $519K, to Elise Balboni (President). 9 officers or directors reported compensation on that filing.
Frequently asked questions about Enterprise Community Loan Fund Inc
How much does Enterprise Community Loan Fund Inc give each year?
Enterprise Community Loan Fund Inc gave $4.9M across 22 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $1.4M across 15 grants.
What is Enterprise Community Loan Fund Inc's typical grant size?
Enterprise Community Loan Fund Inc's median grant in 2025 was $225,000, and its average grant was $224,928, across 22 grants on its 2025 IRS Form 990.
Where does Enterprise Community Loan Fund Inc give grants?
Enterprise Community Loan Fund Inc's top state is Washington, with 48% of the grant dollars itemized on its 2025 IRS Form 990. The next largest states were District of Columbia (39%) and Maryland (10%). The most frequent recipient cities were Washington, DC (6 grants), Seattle, WA (5 grants) and Fife, WA (2 grants).
Does Enterprise Community Loan Fund Inc give general operating support?
Not in 2025: none of the 22 grants with a stated purpose on Enterprise Community Loan Fund Inc's 2025 IRS Form 990 were described as general or operating support.
Who are Enterprise Community Loan Fund Inc's largest grantees?
Enterprise Community Loan Fund Inc's largest 2025 grantees include Vantage Realty Capital ($650,000), Rantate Holdings LLC ($500,000) and Blackfish Capital ($473,740), according to its 2025 IRS Form 990. Together they received 33% of its itemized 2025 grant dollars.
How large is Enterprise Community Loan Fund Inc?
Enterprise Community Loan Fund Inc reported $571.7M in total assets on its 2025 IRS Form 990. Its revenue that year was $30.6M.
What does Enterprise Community Loan Fund Inc fund?
The organization’s stated mission is “to deliver innovative financial products and technical assistance to organizations to acquire, develop, and preserve quality affordable housing and to revitalize communities.” See mission & focus areas ↑
How do I apply for a grant from Enterprise Community Loan Fund Inc?
Enterprise Community Loan Fund Inc has no public application process in the sources Grantable reviewed. Check enterprisecommunity.com for current guidelines, or contact the foundation directly before submitting a request.
What is Enterprise Community Loan Fund Inc's EIN?
Enterprise Community Loan Fund Inc's EIN (Employer Identification Number) is 52-0192004. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated November 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2025 (received by the IRS September 1, 2026)
- Updated Form 990 for fiscal year 2020 (received by the IRS September 1, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS October 18, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS August 31, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS August 13, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS September 10, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Enterprise Community Loan Fund Inc funds
Housing & Shelter Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Enterprise Community Loan Fund Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Enterprise Community Loan Fund Inc funder profile. GrantGraph. Retrieved November 9, 2026, from https://grantable.co/funders/enterprise-community-loan-fund-inc-morg_7f25e1e7b902419d90a5a73cf115892a
BibTeX
@misc{grantable_520192004_2026,
author = {{Grantable}},
title = {{Enterprise Community Loan Fund Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/enterprise-community-loan-fund-inc-morg_7f25e1e7b902419d90a5a73cf115892a},
note = {Accessed 2026-11-09. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Enterprise Community Loan Fund Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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