TY 2015 Form 990

(A) Name and Title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)	(E) Reportable compensation from related organizations (W- 2/1099-MISC)
(1) ARLENE ISAACS-LOWE...................................................................... DIRECTOR	1.00 ................. 0.00	X		0	0	0
(2) BARRY C CURTIS...................................................................... DIRECTOR	1.00 ................. 0.00	X		0	0	0
(3) BILL BECKMANN...................................................................... DIRECTOR	1.00 ................. 0.00	X		0	0	0
(4) DAVID D LEOPOLD...................................................................... DIRECTOR	1.00 ................. 0.00	X		0	0	0
(5) ELIZABETH M STOHR...................................................................... DIRECTOR	1.00 ................. 0.00	X		0	0	0
(6) J RONALD TERWILLIGER...................................................................... DIRECTOR	1.00 ................. 0.00	X		0	0	0
(7) JUDD S LEVY...................................................................... DIRECTOR	1.00 ................. 0.00	X		0	0	0
(8) KEITH D NISBET...................................................................... DIRECTOR	1.00 ................. 0.00	X		0	0	0
(9) MICHAEL BERMAN...................................................................... DIRECTOR	1.00 ................. 0.00	X		0	0	0
(10) RONALD GRZYWINSKI...................................................................... DIRECTOR	1.00 ................. 0.00	X		0	0	0
(11) SAL K MIRRAN...................................................................... DIRECTOR	1.00 ................. 0.00	X		0	0	0
(12) SHEKAR NARASIMHAN...................................................................... DIRECTOR	1.00 ................. 0.00	X		0	0	0
(13) TERRI LUDWIG...................................................................... DIRECTOR	0.00 ................. 40.00	X		0	575,626	39,808
(14) TONY SALAZAR...................................................................... DIRECTOR	1.00 ................. 0.00	X		0	0	0
(15) W KIMBALL GRIFFITH...................................................................... DIRECTOR	1.00 ................. 0.00	X		0	0	0
(16) CHARLES WERHANE...................................................................... PRESIDENT	40.00 ................. 0.00	X	X	923,245	0	123,673
(17) AMY DICKERSON...................................................................... V. PRESIDENT	40.00 ................. 0.00		X	236,000	0	53,197

(A) Name and Title	(B) Average hours per week (list any hours for related organizations below dotted line)	(E) Reportable compensation from related organizations (W- 2/1099-MISC)
(18) ARON WEISNER........................................................................ V. PRESIDENT	40.00 .......................0.00	X		218,616	53,245
(19) ASHIS BOSE........................................................................ V. PRESIDENT	40.00 .......................0.00	X		204,374	14,120
(20) B SUE WILSON........................................................................ V. PRESIDENT	40.00 .......................0.00	X		246,442	49,377
(21) BRIAN WINDLEY........................................................................ V. PRESIDENT	40.00 .......................0.00	X		402,672	58,656
(22) BRUCE ROTHSCHILD........................................................................ SENIOR V. PRESIDENT	40.00 .......................0.00	X		456,802	73,300
(23) CHRISTOPHER HERRMANN........................................................................ SENIOR DIRECTOR	40.00 .......................0.00	X		240,606	62,944
(24) CRAIG SWEET........................................................................ V. PRESIDENT	40.00 .......................0.00	X		196,420	28,854
(25) DANIEL MAGIDSON........................................................................ V. PRESIDENT	40.00 .......................0.00	X		333,155	58,620
(26) ELAINE DIPIETRO........................................................................ V. PRESIDENT	40.00 .......................0.00	X		243,842	51,750
(27) JEFFREY GALENTINE........................................................................ TREAS. V. PRESIDENT	40.00 .......................0.00	X		223,042	55,907
(28) JOHN BRANDENBURG........................................................................ V. PRESIDENT	40.00 .......................0.00	X		271,576	52,412
(29) JOSEPH WESOLOWSKI........................................................................ SENIOR V. PRESIDENT	40.00 .......................0.00	X		499,806	90,340
(30) KARI DOWNES........................................................................ V. PRESIDENT	40.00 .......................0.00	X		305,398	58,889
(31) PHILIP PORTER........................................................................ V. PRESIDENT	40.00 .......................0.00	X		330,232	54,552
(32) PRADIP SITARAM........................................................................ V. PRESIDENT	40.00 .......................0.00	X		362,462	96,404
(33) RAOUL MOORE........................................................................ V. PRESIDENT	40.00 .......................0.00	X		547,330	88,319
(34) ROBIN HYERSTAY........................................................................ V. PRESIDENT	40.00 .......................0.00	X		178,275	38,638
(35) SALLY HEBNER........................................................................ V. PRESIDENT	40.00 .......................0.00	X		357,648	86,297
(36) SCOTT HOEKMAN........................................................................ SENIOR V. PRESIDENT	40.00 .......................0.00	X		430,290	86,297
(37) STEPHANIE ARNOLD........................................................................ V. PRESIDENT	40.00 .......................0.00	X		223,706	48,939
(38) STEPHEN GIMILARO........................................................................ V. PRESIDENT	40.00 .......................0.00	X		215,755	53,035
(39) STEPHEN SMITH........................................................................ V. PRESIDENT	40.00 .......................0.00	X		325,577	25,837
(40) THOMAS EASTMAN........................................................................ V. PRESIDENT	40.00 .......................0.00	X		412,874	54,460
(41) ALYSSA LANNER........................................................................ SENIOR DIRECTOR	40.00 .......................0.00		X	211,011	15,454
(42) ERIK APAHNIS........................................................................ SENIOR DIRECTOR	40.00 .......................0.00		X	197,974	33,776
(43) MARIAN O'CONOR........................................................................ ASSOCIATE GENERAL COUNSEL	40.00 .......................0.00		X	191,139	33,161
(44) MATTHEW DOWLING........................................................................ SENIOR DIRECTOR	40.00 .......................0.00		X	213,633	35,185
(45) OMAR K BOYD III........................................................................ SENIOR DIRECTOR	40.00 .......................0.00		X	192,053	32,306

(A) Name and business address	(B) Description of services	(C) Compensation
COHNREZNICK LLP 7501 WISCONSIN AVE SUITE 400E BETHESDA,MD208146583	ACCOUNTING & TAX	2,338,977
GALLAGHER EVELIUS & JONES LLP 218 NORTH CHARLES STREET BALTIMORE,MD21201	LEGAL	1,664,676
BOCARSLY EMDEN COHEN ESMAIL & ARNDT L 7700 OLD GEORGETOWN ROAD BETHESDA,MD20814	LEGAL	955,000
GTG CONSULTANTS 350 WEST ONTARIO ST SUITE 5 WEST CHICAGO,IL60654	CONSULTING	696,516
DLA PIPER RUDNICK GRAY CARY 6225 SMITH AVE BALTIMORE,MD21209	LEGAL	425,271
2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 13

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SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet

Attach to Form 990.
Information about Schedule D (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2015

Open to Public Inspection

Name of the organization

ENTERPRISE COMMUNITY INVESTMENT INC

Employer identification number

52-1206840

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.

			(a) Donor advised funds	(b) Funds and other accounts

1	Total number at end of year ....
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ....

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ...........

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ............................

Yes No

Part II

Conservation Easements. Complete if the organization answered "Yes" on Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register ...	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet

Number of states where property subject to conservation easement is located SchDMd Bullet

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................

Yes No

In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.

If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:

(i)

Revenue included on Form 990, Part VIII, line 1 ......................... SchDMd Bullet

(ii)

Assets included in Form 990, Part X ............................... SchDMd Bullet

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 (ASC 958) relating to these items:

Revenue included on Form 990, Part VIII, line 1 .......................... SchDMd Bullet

Assets included in Form 990, Part X ............................... SchDMd Bullet

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 52283D

Schedule D (Form 990) 2015

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability?

Yes No

If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ........

Part V

Endowment Funds. Complete if the organization answered "Yes" on Form 990, Part IV, line 10.

		(a)Current year	(b)Prior year	(c)Two years back	(d)Three years back	(e)Four years back

1a	Beginning of year balance ....
b	Contributions ...
c	Net investment earnings, gains, and losses
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...
f	Administrative expenses ....
g	End of year balance ......

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment SchDMd Bullet

Permanent endowment SchDMd Bullet

Temporarily restricted endowment SchDMd Bullet

The percentages on lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) unrelated organizations .................

3a(i)

(ii) related organizations .................

3a(ii)

If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........

Describe in Part XIII the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.

Description of property		(a) Cost or other basis (investment)	(b)Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value

1a	Land ...
b	Buildings
c	Leasehold improvements	264,526	65,669	198,857
d	Equipment ...	3,043,243	1,738,804	1,304,439
e	Other ...	10,135,775	5,023,167	5,112,608
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				6,615,904

Schedule D (Form 990) 2015

Page 3

Part VII

InvestmentsOther Securities. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)	(b)Book value	(c)Method of valuation: Cost or end-of-year market value
(1)Financial derivatives
(2)Closely-held equity interests
(3)Other
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

Part VIII

InvestmentsProgram Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1)INVESTMENT IN UNCONSOLIDATED PARTNERSHIPS	2,614,445	C
(2)BRIDGE LOANS TO UNCONSOLIDATED PARTNERSHIPS	8,244,590	C
(3)INVESTMENTS IN SUBS	21,479,860	C
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)	32,338,895

Part IX

Other Assets. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.

(a) Description				(b) Book value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........

Part X

Other Liabilities. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.

1.(a) Description of liability	(b) Book value
(1) Federal income taxes

(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Schedule D (Form 990) 2015

Page 4

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......		1
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................		2e
3	Subtract line 2e from line 1..................		3
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................		4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......		5

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........		1
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d....................		2e
3	Subtract line 2e from line 1...................		3
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................		4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......		5

Part XIII

Supplemental Information

Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.

Return Reference	Explanation
PART X, LINE 2:	WE CONDUCT BUSINESS THROUGHOUT THE UNITED STATES AND, AS A RESULT, WE FILE INCOME TAX RETURNS IN FEDERAL AND VARIOUS STATE JURISDICTIONS. THE STATUTE OF LIMITATIONS HAS NOT YET EXPIRED ON SEVERAL OF OUR TAXABLE SUBSIDIARIES AND AS SUCH THEY REMAIN SUBJECT TO EXAMINATION BY THE FEDERAL AUTHORITIES AND VARIOUS STATE GOVERNMENTS. THE FILING OF INCOME TAX RETURNS REQUIRES MANAGEMENT TO ASSESS AND MEASURE UNCERTAIN TAX POSITIONS. UPON EXAMINATION OF TAX POSITIONS TAKEN, MANAGEMENT CONCLUDED THAT ALL POSITIONS TAKEN ON ITS TAX RETURNS EXCEED THE MORE-LIKELY-THAN-NOT THRESHOLD AND EXPECTS TO REALIZE THE BENEFIT OF ALL POSITIONS IF EXAMINED BY A TAXING AUTHORITY. AS A RESULT, MANAGEMENT CONCLUDED THAT WERE NO UNCERTAIN POSITIONS THAT REQUIRED MEASUREMENT IN OR ADJUSTMENT TO OUR CONSOLIDATED FINANCIAL STATEMENTS.

Return Reference

Explanation

PART X, LINE 2:

WE CONDUCT BUSINESS THROUGHOUT THE UNITED STATES AND, AS A RESULT, WE FILE INCOME TAX RETURNS IN FEDERAL AND VARIOUS STATE JURISDICTIONS. THE STATUTE OF LIMITATIONS HAS NOT YET EXPIRED ON SEVERAL OF OUR TAXABLE SUBSIDIARIES AND AS SUCH THEY REMAIN SUBJECT TO EXAMINATION BY THE FEDERAL AUTHORITIES AND VARIOUS STATE GOVERNMENTS. THE FILING OF INCOME TAX RETURNS REQUIRES MANAGEMENT TO ASSESS AND MEASURE UNCERTAIN TAX POSITIONS. UPON EXAMINATION OF TAX POSITIONS TAKEN, MANAGEMENT CONCLUDED THAT ALL POSITIONS TAKEN ON ITS TAX RETURNS EXCEED THE MORE-LIKELY-THAN-NOT THRESHOLD AND EXPECTS TO REALIZE THE BENEFIT OF ALL POSITIONS IF EXAMINED BY A TAXING AUTHORITY. AS A RESULT, MANAGEMENT CONCLUDED THAT WERE NO UNCERTAIN POSITIONS THAT REQUIRED MEASUREMENT IN OR ADJUSTMENT TO OUR CONSOLIDATED FINANCIAL STATEMENTS.

Schedule D (Form 990) 2015

Additional Data

Software ID:
Software Version:

- TIN:

Schedule I
(Form 990)

Department of the Treasury
Internal Revenue Service

Grants and Other Assistance to Organizations,
Governments and Individuals in the United States

Complete if the organization answered "Yes," on Form 990, Part IV, line 21 or 22.
lBullet

Attach to Form 990.
lBullet

Information about Schedule I (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2015

Open to Public
Inspection

Name of the organization
ENTERPRISE COMMUNITY INVESTMENT INC

Employer identification number
52-1206840

Part I

General Information on Grants and Assistance

Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ........................

Yes No

Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.

Part II

Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line 21, for any recipient

that received more than $5,000. Part II can be duplicated if additional space is needed.

(a) Name and address of organization or government	(b) EIN	(c) IRC section if applicable	(d) Amount of cash grant	(e) Amount of non-cash assistance	(f) Method of valuation (book, FMV, appraisal, other)	(g) Description of non-cash assistance	(h) Purpose of grant or assistance

(1) ENTERPRISE COMMUNITY PARTNERS INC
11000 BROKEN LAND PKWY SUITE 700
COLUMBIA,MD21044

52-1231931

501(C)(3)

3,400,000

GENERAL SUPPORT

Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image

Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50055P

Schedule I (Form 990) 2015

Page 2

Part III

Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.

(a) Type of grant or assistance	(b) Number of recipients	(c) Amount of cash grant	(d) Amount of non-cash assistance	(e) Method of valuation (book, FMV, appraisal, other)	(f) Description of non-cash assistance

(1)
(2)
(3)
(4)
(5)
(6)
(7)

Part IV

Supplemental Information. Provide the information required in Part I, line 2, Part III, column (b), and any other additional information.

Return Reference	Explanation
PART I, LINE 2:	IN THE NORMAL COURSE OF BUSINESS, ENTERPRISE COMMUNITY INVESTMENT MAY MAKE GRANTS TO OTHER ORGANIZATIONS, INCLUDING ITS PARENT, FOR THE PURPOSE OF SUPPORTING THEIR OPERATING ACTIVITIES. THE USE OF GRANT FUNDS IS MONITORED THROUGH THE REVIEW OF OPERATING RESULTS AND DISCUSSIONS WITH MANAGEMENT. GRANTS MADE TO THIRD PARTIES ALSO INCLUDE ASSESSING THE IMPACT THOSE ORGANIZATIONS MAKE ON THEIR POPULATION SERVED, SUCH AS NUMBER OF UNITS PRODUCED, SERVICES PROVIDED, ETC.

Return Reference

Explanation

PART I, LINE 2:

IN THE NORMAL COURSE OF BUSINESS, ENTERPRISE COMMUNITY INVESTMENT MAY MAKE GRANTS TO OTHER ORGANIZATIONS, INCLUDING ITS PARENT, FOR THE PURPOSE OF SUPPORTING THEIR OPERATING ACTIVITIES. THE USE OF GRANT FUNDS IS MONITORED THROUGH THE REVIEW OF OPERATING RESULTS AND DISCUSSIONS WITH MANAGEMENT. GRANTS MADE TO THIRD PARTIES ALSO INCLUDE ASSESSING THE IMPACT THOSE ORGANIZATIONS MAKE ON THEIR POPULATION SERVED, SUCH AS NUMBER OF UNITS PRODUCED, SERVICES PROVIDED, ETC.

Schedule I (Form 990) 2015

Additional Data

Software ID:
Software Version:

- TIN:

Schedule J
(Form 990)

Department of the Treasury
Internal Revenue Service

Compensation Information

For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet

Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
SchJMediumBullet

Attach to Form 990.
SchJMediumBullet

Information about Schedule J (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2015

Open to Public Inspection

Name of the organization

ENTERPRISE COMMUNITY INVESTMENT INC

Employer identification number

52-1206840

Part I

Questions Regarding Compensation

Yes

Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.

First-class or charter travel Housing allowance or residence for personal use

Travel for companions Payments for business use of personal residence

Tax idemnification and gross-up payments Health or social club dues or initiation fees

Discretionary spending account Personal services (e.g., maid, chauffeur, chef)

If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .........

Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked in line 1a? ..

Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

Form 990 of other organizations Approval by the board or compensation committee

During the year, did any person listed on Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:

Receive a severance payment or change-of-control payment? ................

Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........

Yes

Participate in, or receive payment from, an equity-based compensation arrangement? .........

If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.

Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:

The organization? ...........................

Yes

Any related organization?

If "Yes," on line 5a or 5b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:

The organization?

Yes

Any related organization? .........................

Yes

If "Yes," on line 6a or 6b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............

Yes

Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................

If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50053T

Schedule J (Form 990) 2015

Page 2

Part II

Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.

For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.

(A) Name and Title		(B) Breakdown of W-2 and/or 1099-MISC compensation			(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation in column(B) reported as deferred on prior Form 990
(A) Name and Title		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)
1TERRI LUDWIGDIRECTOR	(i) (ii)	0 ------------- 447,916	0 ------------- 127,710	0 ------------- 0	0 ------------- 20,295	0 ------------- 19,513	0 ------------- 615,434	0 ------------- 0
2CHARLES WERHANEPRESIDENT	(i) (ii)	405,173 ------------- 0	319,197 ------------- 0	198,875 ------------- 0	109,034 ------------- 0	14,639 ------------- 0	1,046,918 ------------- 0	198,603 ------------- 0
3AMY DICKERSONV. PRESIDENT	(i) (ii)	164,000 ------------- 0	72,000 ------------- 0	0 ------------- 0	38,558 ------------- 0	14,639 ------------- 0	289,197 ------------- 0	0 ------------- 0
4ARON WEISNERV. PRESIDENT	(i) (ii)	138,375 ------------- 0	80,241 ------------- 0	0 ------------- 0	33,732 ------------- 0	19,513 ------------- 0	271,861 ------------- 0	0 ------------- 0
5ASHIS BOSEV. PRESIDENT	(i) (ii)	179,814 ------------- 0	24,560 ------------- 0	0 ------------- 0	14,102 ------------- 0	18 ------------- 0	218,494 ------------- 0	0 ------------- 0
6B SUE WILSONV. PRESIDENT	(i) (ii)	152,648 ------------- 0	56,964 ------------- 0	36,830 ------------- 0	34,738 ------------- 0	14,639 ------------- 0	295,819 ------------- 0	36,830 ------------- 0
7BRIAN WINDLEYV. PRESIDENT	(i) (ii)	148,089 ------------- 0	232,421 ------------- 0	22,162 ------------- 0	39,143 ------------- 0	19,513 ------------- 0	461,328 ------------- 0	22,162 ------------- 0
8BRUCE ROTHSCHILDSENIOR V. PRESIDENT	(i) (ii)	216,429 ------------- 0	126,690 ------------- 0	113,683 ------------- 0	66,784 ------------- 0	6,516 ------------- 0	530,102 ------------- 0	113,411 ------------- 0
9CHRISTOPHER HERRMANNSENIOR DIRECTOR	(i) (ii)	185,614 ------------- 0	54,720 ------------- 0	272 ------------- 0	43,431 ------------- 0	19,513 ------------- 0	303,550 ------------- 0	0 ------------- 0
10CRAIG SWEETV. PRESIDENT	(i) (ii)	176,994 ------------- 0	19,426 ------------- 0	0 ------------- 0	14,123 ------------- 0	14,731 ------------- 0	225,274 ------------- 0	0 ------------- 0
11DANIEL MAGIDSONV. PRESIDENT	(i) (ii)	147,805 ------------- 0	185,099 ------------- 0	251 ------------- 0	39,107 ------------- 0	19,513 ------------- 0	391,775 ------------- 0	0 ------------- 0
12ELAINE DIPIETROV. PRESIDENT	(i) (ii)	158,362 ------------- 0	69,525 ------------- 0	15,955 ------------- 0	37,111 ------------- 0	14,639 ------------- 0	295,592 ------------- 0	15,955 ------------- 0
13JEFFREY GALENTINETREAS. V. PRESIDENT	(i) (ii)	166,434 ------------- 0	42,072 ------------- 0	14,536 ------------- 0	36,394 ------------- 0	19,513 ------------- 0	278,949 ------------- 0	14,536 ------------- 0
14JOHN BRANDENBURGV. PRESIDENT	(i) (ii)	162,221 ------------- 0	55,438 ------------- 0	53,917 ------------- 0	37,773 ------------- 0	14,639 ------------- 0	323,988 ------------- 0	48,736 ------------- 0
15JOSEPH WESOLOWSKISENIOR V. PRESIDENT	(i) (ii)	232,265 ------------- 0	142,758 ------------- 0	124,783 ------------- 0	70,827 ------------- 0	19,513 ------------- 0	590,146 ------------- 0	124,783 ------------- 0
16KARI DOWNESV. PRESIDENT	(i) (ii)	177,515 ------------- 0	109,107 ------------- 0	18,776 ------------- 0	39,376 ------------- 0	19,513 ------------- 0	364,287 ------------- 0	18,776 ------------- 0
17PHILIP PORTERV. PRESIDENT	(i) (ii)	153,419 ------------- 0	160,237 ------------- 0	16,576 ------------- 0	39,821 ------------- 0	14,731 ------------- 0	384,784 ------------- 0	16,315 ------------- 0
18PRADIP SITARAMV. PRESIDENT	(i) (ii)	296,035 ------------- 0	66,427 ------------- 0	0 ------------- 0	76,891 ------------- 0	19,513 ------------- 0	458,866 ------------- 0	0 ------------- 0
19RAOUL MOOREV. PRESIDENT	(i) (ii)	256,985 ------------- 0	162,966 ------------- 0	127,379 ------------- 0	68,806 ------------- 0	19,513 ------------- 0	635,649 ------------- 0	127,379 ------------- 0
20ROBIN HYERSTAYV. PRESIDENT	(i) (ii)	153,348 ------------- 0	24,666 ------------- 0	261 ------------- 0	32,122 ------------- 0	6,516 ------------- 0	216,913 ------------- 0	0 ------------- 0
21SALLY HEBNERV. PRESIDENT	(i) (ii)	232,500 ------------- 0	101,126 ------------- 0	24,022 ------------- 0	66,784 ------------- 0	19,513 ------------- 0	443,945 ------------- 0	24,022 ------------- 0
22SCOTT HOEKMANSENIOR V. PRESIDENT	(i) (ii)	231,365 ------------- 0	142,205 ------------- 0	56,720 ------------- 0	66,784 ------------- 0	19,513 ------------- 0	516,587 ------------- 0	56,448 ------------- 0
23STEPHANIE ARNOLDV. PRESIDENT	(i) (ii)	151,582 ------------- 0	54,496 ------------- 0	17,628 ------------- 0	34,300 ------------- 0	14,639 ------------- 0	272,645 ------------- 0	17,628 ------------- 0
24STEPHEN GIMILAROV. PRESIDENT	(i) (ii)	150,033 ------------- 0	49,767 ------------- 0	15,955 ------------- 0	33,522 ------------- 0	19,513 ------------- 0	268,790 ------------- 0	15,955 ------------- 0
25STEPHEN SMITHV. PRESIDENT	(i) (ii)	125,147 ------------- 0	181,821 ------------- 0	18,609 ------------- 0	7,950 ------------- 0	17,887 ------------- 0	351,414 ------------- 0	15,747 ------------- 0
26THOMAS EASTMANV. PRESIDENT	(i) (ii)	153,420 ------------- 0	239,035 ------------- 0	20,419 ------------- 0	39,821 ------------- 0	14,639 ------------- 0	467,334 ------------- 0	20,419 ------------- 0
27ALYSSA LANNERSENIOR DIRECTOR	(i) (ii)	153,750 ------------- 0	57,000 ------------- 0	261 ------------- 0	15,436 ------------- 0	18 ------------- 0	226,465 ------------- 0	0 ------------- 0
28ERIK APAHNISSENIOR DIRECTOR	(i) (ii)	156,920 ------------- 0	40,788 ------------- 0	266 ------------- 0	14,263 ------------- 0	19,513 ------------- 0	231,750 ------------- 0	0 ------------- 0
29MARIAN O'CONORASSOCIATE GENERAL COUNSEL	(i) (ii)	151,084 ------------- 0	39,798 ------------- 0	257 ------------- 0	13,648 ------------- 0	19,513 ------------- 0	224,300 ------------- 0	0 ------------- 0
30MATTHEW DOWLINGSENIOR DIRECTOR	(i) (ii)	171,690 ------------- 0	41,671 ------------- 0	272 ------------- 0	15,672 ------------- 0	19,513 ------------- 0	248,818 ------------- 0	0 ------------- 0
31OMAR K BOYD IIISENIOR DIRECTOR	(i) (ii)	160,554 ------------- 0	31,228 ------------- 0	271 ------------- 0	12,793 ------------- 0	19,513 ------------- 0	224,359 ------------- 0	0 ------------- 0

Schedule J (Form 990) 2015

Page 3

Part III

Supplemental Information

Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.

Return Reference	Explanation
PART I, LINE 4B:	THE PLAN PROVIDES FOR EMPLOYER ANNUAL DISCRETIONARY CONTRIBUTIONS. FOR EMPLOYEES THAT ARE UNDER THE AGE OF 55 OR WITH LESS THAN 5 YEARS OF SERVICE CONTRIBUTIONS TO THE PLAN VEST AFTER 3 YEARS AND UPON VESTING, THE EMPLOYER CONTRIBUTIONS ARE PAID TO THE COVERED EMPLOYEES. FOR EMPLOYEES THAT ARE AT LEAST 55 YEARS OF AGE AND WITH FIVE YEARS OF SERVICE THE CONTRIBUTIONS VEST IMMEDIATELY. EMPLOYEES WHO RECEIVED PAYMENTS ARE CHARLES WERHANE $198,603, RAOUL MORRE $127,379, JOSEPH WESOLOWSKI $124,783, BRUCE ROTHSCHILD $113,411, SCOTT HOEKMAN $56,448, JOHN BRANDENBURG $48,736, B. SUE WILSON $36,830, STEPHANIE ARNOLD $17,628, KARI DOWNES $18,776, THOMAS EASTMAN $20,419, JEFFREY GALENTINE $14,536, PHILIP PORTER $16,315, STEPHEN SMITH $15,747, BRIAN WINDLEY $22,162, ELAINE DIPIETRO $15,955, STEPHEN GIMILARO $15,955 AND SALLY HEBNER $24,022.
PART I, LINE 5:	PRODUCTION STAFF RECEIVE COMPENSATION BASED ON JOB PERFORMANCE AND THE AMOUNT OF ACQUISITION FEES GENERATED ON PROPERTIES ACQUIRED THAT FULFILL THE MISSION OF PROVIDING AFFORDABLE HOUSING TO LOW INCOME INDIVIDUALS AND FAMILIES.
PART I, LINE 6A:	THE SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN AMOUNT IS PARTIALLY CALCULATED BASED ON THE NET INCOME OF THE ORGANIZATION AS WELL AS SPECIFIC QUALITATIVE GOALS MET BY THE EMPLOYEE.
PART I, LINE 6B:	THE SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN AMOUNT IS PARTIALLY CALCULATED BASED ON THE NET INCOME OF THE RELATED ORGANIZATION AS WELL AS SPECIFIC QUALITATIVE GOALS MET BY THE EMPLOYEE.
PART I, LINE 7:	OFFICERS AND OTHER EMPLOYEES HAVE A PERFORMANCE PLAN BASED ON ACHIEVING CERTAIN FINANCIAL TARGETS AND OTHER INDIVIDUAL PERFORMANCE CRITERIA.

Schedule J (Form 990) 2015

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.

OMB No. 1545-0047

2015

Open to Public
Inspection

Name of the organization

ENTERPRISE COMMUNITY INVESTMENT INC

Employer identification number

52-1206840

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 6	THE SOLE STOCKHOLDER OF ECI IS IT'S PARENT, ENTERPRISE COMMUNITY PARTNERS, A 501 C (3) ORGANIZATION. THE MISSION OF ENTERPRISE COMMUNITY PARTNERS IS TO CREATE OPPORTUNITIES FOR LOW AND MODERATE INCOME PEOPLE THROUGH AFFORDABLE HOUSING IN DIVERSE, THRIVING COMMUNITIES.
FORM 990, PART VI, SECTION A, LINE 7A	CEO AND CHAIRPERSON OF PARENT, ENTERPRISE COMMUNITY PARTNERS, CONSULT WITH CEO OF ECI. CHAIRPERSON OF PARENT HAS THE RIGHT TO APPROVE BOARD NOMINATIONS.
FORM 990, PART VI, SECTION B, LINE 11	THE ENTIRE BOARD IS GIVEN A COPY OF THE FORM 990 FOR REVIEW. THE FINANCE AND AUDIT COMMITTEE OF THE BOARD REVIEWS AND APPROVES THE 990 IN A MEETING.
FORM 990, PART VI, SECTION B, LINE 12C	AN ANNUAL CONFLICT OF INTEREST DISCLOSURE EXERCISE IS PERFORMED BY THE ORGANIZATION EACH JANUARY. THE 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. NEW EMPLOYEES ARE ALSO REQUIRED TO COMPLETE THIS CONFLICT OF INTEREST DISCLOSURE FORM UPON HIRING. THE EXECUTIVE OFFICE INCLUDES THE CONFLICT OF INTEREST POLICY AND THE DISCLOSURE STATEMENT IN ITS MAILING TO DIRECTORS IN ADVANCE OF THE ANNUAL BOARD MEETING. DIRECTORS ARE ASKED TO RETURN THE COMPLETED DISCLOSURE PRIOR TO THE ANNUAL MEETING. THE CHIEF AUDIT EXECUTIVE REVIEWS AND APPROVES THE DISCLOSURE DOCUMENT CONTENT, AND FOLLOWS UP ON ANY CONCERNS WITH EMPLOYEES. FOR NEW HIRES, A LOG IS MAINTAINED OF ANY DOCUMENTED CONFLICTS FOR FUTURE REFERENCE. THE EXECUTIVE OFFICE MONITORS AND FOLLOWS UP ON THE STATUS OF ANY UNRETURNED DISCLOSURE FORMS. THE GENERAL COUNSEL REVIEWS ALL DISCLOSURE FORMS AND FOLLOWS UP IF THERE ARE ANY ISSUES, IN ACCORDANCE WITH THE PROCEDURE SET FORTH IN THE POLICY.
FORM 990, PART VI, SECTION B, LINE 15	ECI PERFORMS FREQUENT MARKET ANALYSIS TO ASSESS ITS COMPENSATION STRUCTURE FOR ITS CEO, OFFICERS, AND OTHER EMPLOYEES. THE ANALYSIS IS REVIEWED BY THE BOARD OF DIRECTORS. THE HUMAN RESOURCES COMMITTEE SETS THE CEO COMPENSATION AND APPROVES THE COMPENSATION OF OFFICERS OF ECI. THE HUMAN RESOURCES COMMITTEE REPORTS ITS FINDINGS AND RECOMMENDATIONS TO THE FULL BOARD. THESE PROCESSES ARE DOCUMENTED THROUGH MEETING MINUTES.
FORM 990, PART VI, SECTION C, LINE 19	NO DOCUMENTS AVAILABLE TO PUBLIC.
FORM 990, PART VII, LINE 1D, TOTAL COMPENSATION:	INCLUDED IN TOTAL COMPENSATION FOR THE CURRENT PERIOD ARE PAYMENTS OF PRIOR YEAR DEFERRED COMPENSATION AWARDS. THESE AMOUNTS WHICH CAN BE FOUND ON SCHEDULE J COLUMN F FOR EACH INDIVIDUAL HAD BEEN REPORTED IN PREVIOUS YEARS AS WELL AS INCLUDED IN THE CURRENT YEAR COMPENSATION TOTALS.
FORM 990, PART XI, LINE 9:	FEDERAL INCOME TAX REFUND 5,885,659. INVESTMENT IN CAPITAL ADVISORS 733,444. EQUITY IN EARNINGS OF SUBS 6,392,073.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2015

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE R
(Form 990)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBullet

Attach to Form 990.
MediumBullet

Information about Schedule R (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2015

Open to Public Inspection

Name of the organization

ENTERPRISE COMMUNITY INVESTMENT INC

Employer identification number

52-1206840

Part I

Identification of Disregarded Entities Complete if the organization answered "Yes" on Form 990, Part IV, line 33.

(a) Name, address, and EIN (if applicable) of disregarded entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Total income	(e) End-of-year assets	(f) Direct controlling entity
(1) ENTERPRISE BUSINESS PARTNERS LLC 11000 BROKEN LAND PKWY COLUMBIA,MD21044 26-4154371	SUPPORT SERVICES	MD	-742,368	1,303,898	ECI
(2) ENTERPRISE HOLDINGS LLC 11000 BROKEN LAND PKWY COLUMBIA,MD21044 52-2332039	INVESTMENT IN LIHTC HOUSING	MD	0	112,373	ECI
(3) ENTERPRISE MIDDLE MANAGER LLC 11000 BROKEN LAND PKWY COLUMBIA,MD21044 27-4033363	INVESTMENT IN LIHTC HOUSING	MD	-31,199	-453,758	ECI
(4) ENTERPRISE REALTY PARTNERS LLC 11000 BROKEN LAND PKWY COLUMBIA,MD21044 02-0620992	NEW MKTS ADVISORY	MD	1,489,090	15,053,442	ECI
(5) ESIC COMMUNITY PARTNERS LLC 11000 BROKEN LAND PKWY COLUMBIA,MD21044 45-1583082	INVESTMENT IN NEW MKTS TAX CREDITS	MD	-1,537	-8,483	ECI

Part II

Identification of Related Tax-Exempt Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	(g) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	Yes	No
(1)ENTERPRISE COMMUNITY LOAN FUND 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-1092004	FINANCING	MD	501(C)(3)	LINE 11, TYPE I: 509	ECPINC		No
(2)ENTERPRISE HOME OWNERSHIP PARTNERS INC 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 31-1737642	AFF. HOUSING	MD	501(C)(3)	LINE 11, TYPE I: 509	ECPINC		No
(3)EHOP- DALLAS INC 500 AKARD STREET DALLAS,TX75201 72-1590088	AFF. HOUSING	TX	501(C)(3)	LINE 11, TYPE I: 509	ECPINC		No
(4)NEIGHBORHOOD PARTNERSHIP HOUSING DEVEL 1 WHITEHALL STREET NEW YORK,NY10004 13-3811616	AFF. HOUSING	NY	501(C)(3)	LINE 11, TYPE I: 509	ECPINC		No
(5)ENTERPRISE MARYLAND LLC 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 26-3262997	AFF. HOUSING	MD	501(C)(3)	LINE 11, TYPE I: 509	ECPINC		No
(6)IAC ENTERPRISE NEHEMIAH DEVELOPMENT 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-1742031	AFF. HOUSING	MD	501(C)(3)	LINE 11, TYPE I: 509	ECPINC		No
(7)CORNERSTONE HOUSING CORPORATION 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-1742293	AFF. HOUSING	MD	501(C)(3)	LINE 11, TYPE I: 509	ECPINC		No
(8)ENTERPRISE COMMUNITY PARTNERS 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-1231931	AFF. HOUSING	MD	501(C)(3)	LINE 7: 170(B)(1)(A)	NONE		No
(9)CITY HOMES INC 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-1479114	AFF. HOUSING	MD	501(C)(3)	LINE 11, TYPE I: 509	ECPINC		No
(10)ENTERPRISE ADVISORS INC 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 27-3846733	AFF. HOUSING	MD	501(C)(3)	LINE 11, TYPE I: 509	ECPINC		No
(11)AFFORDABLE HOUSING SOLUTIONS 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 35-2389470	AFF. HOUSING	MD	501(C)(3)	LINE 11, TYPE I: 509	ECPINC		No
(12)ENTERPRISE COMMUNITY DEVELOPMENT INC 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 45-3048058	AFF. HOUSING	DE	501(C)(4)	N/A	ECI	Yes

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50135Y

Schedule R (Form 990) 2015

Page 2

Part III

Identification of Related Organizations Taxable as a Partnership Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Predominant income(related, unrelated, excluded from tax under sections 512-514)	(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity		(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No
(1) ESIC NEW MARKETS PARTNERS LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 02-0552042	INVESTMENT IN NEW MKTS. CREDITS	MD	ECI	RELATED	1,169	55,946		No		Yes		99.990 %
(2) ENTERPRISE HOUSING PARTNERS XVI LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 26-0707012	LOW INCOME HOUSING	MD	ECAM	RELATED	-651	6,552		No		Yes		0.010 %
(3) ENTERPRISE HOUSING PARTNERS XVI INVESTOR LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 26-0707054	LOW INCOME HOUSING	MD	ECAM	RELATED	-603	6,091		No		Yes		0.010 %
(4) ENTERPRISE HOUSING PARTNERS XVII LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 26-1848528	LOW INCOME HOUSING	MD	ECAM	RELATED	-770	7,666		No		Yes		0.010 %
(5) ENTERPRISE HOUSING PARTNERS XVIII LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 26-1848605	LOW INCOME HOUSING	MD	ECAM	RELATED	-782	7,084		No		Yes		0.010 %
(6) ENTERPRISE NEIGHBORHOOD PARTNERS FUND I LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 20-5112196	LOW INCOME HOUSING	DE	ECAM	RELATED	-176	1,582		No		Yes		0.010 %
(7) ENTERPRISE NEIGHBORHOOD PARTNERS FUND I SERIES II LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 26-1163243	LOW INCOME HOUSING	DE	ECAM	RELATED	-122	1,011		No		Yes		0.010 %
(8) ENTERPRISE NEIGHBORHOOD PARTNERS FUND II LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 86-1170270	LOW INCOME HOUSING	DE	ECAM	RELATED	-373	1,406		No		Yes		0.010 %
(9) ENTERPRISE NEIGHBORHOOD PARTNERS FUND III LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 20-5071960	LOW INCOME HOUSING	DE	ECAM	RELATED	-361	3,946		No		Yes		0.010 %
(10) ENTERPRISE NEIGHBORHOOD PARTNERS FUND IV LLLP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 27-4032460	LOW INCOME HOUSING	MD	ECAM	RELATED	-1,012	16,210		No		Yes		0.010 %
(11) ENTERPRISE NEIGHBORHOOD PARTNERS V LLLP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 45-4734359	LOW INCOME HOUSING	MD	ECAM	RELATED	-214	2,239		No		Yes		0.010 %
(12) ENTERPRISE NEIGHBORHOOD PARTNERS VI LLLP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 37-1707544	LOW INCOME HOUSING	MD	ECAM	RELATED	-907	17,003		No		Yes		0.010 %
(13) ENTERPRISE NEIGHBORHOOD PARTNERS VII LLLP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 30-0829862	LOW INCOME HOUSING	MD	ECAM	RELATED	-435	10,635		No		Yes		0.010 %
(14) ENTERPRISE NEIGHBORHOOD IMPACT FUND I LLC 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 32-0381276	LOW INCOME HOUSING	DE	ECAM	RELATED	-519	8,513		No		Yes		0.010 %
(15) ENTERPRISE RB FUND I LLLP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 26-2457927	LOW INCOME HOUSING	DE	ECAM	RELATED	-1,888	15,089	Yes				No	0.010 %
(16) ENTERPRISE RB FUND II LLLP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 27-1520644	LOW INCOME HOUSING	DE	ECAM	RELATED	-2,064	21,273		No		Yes		0.010 %
(17) ENTERPRISE-UIG AFFORDABLE HOUSING FUND LLC 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 27-3308441	LOW INCOME HOUSING	MD	ECAM	RELATED	-360	4,098		No		Yes		0.010 %
(18) FLORIDA HOUSING TAX CREDIT FUND LTD 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-1781530	LOW INCOME HOUSING	FL	ECAM	RELATED	-2,153	233,543		No		Yes		12.510 %
(19) FLORIDA HOUSING TAX CREDIT FUND II LTD 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-1969165	LOW INCOME HOUSING	FL	ECI	RELATED	-134,620	92,322		No		Yes		8.090 %
(20) FREDDIE MAC EQUITY PLUS I-ESIC LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-2316462	LOW INCOME HOUSING	MD	ECAM	RELATED	-403	256		No		Yes		0.010 %
(21) FREDDIE MAC EQUITY PLUS II-ESIC LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 01-0728494	LOW INCOME HOUSING	MD	ECAM	RELATED	-579	2,339		No		Yes		0.010 %
(22) THE HOUSING OUTREACH FUND VI LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-1995502	LOW INCOME HOUSING	DC	ECAM	RELATED	-283,347	349,251		No		Yes		100.000 %
(23) THE HOUSING OUTREACH FUND VII LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-2059388	LOW INCOME HOUSING	DC	ECAM	RELATED	-2,519,184	1,058,932		No		Yes		100.000 %
(24) THE HOUSING OUTREACH FUND VIII LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-2186795	LOW INCOME HOUSING	DC	ECAM	RELATED	-4,317,389	1,379,296		No		Yes		100.000 %
(25) THE HOUSING OUTREACH FUND IX LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-2282441	LOW INCOME HOUSING	DC	ECAM	RELATED	-324	374		No		Yes		0.010 %
(26) THE HOUSING OUTREACH FUND X LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 20-0276712	LOW INCOME HOUSING	DC	ECAM	RELATED	-521	2,599		No		Yes		0.010 %
(27) THE HOUSING OUTREACH FUND XI LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 20-1413560	LOW INCOME HOUSING	DC	ECAM	RELATED	-441	2,732		No		Yes		0.010 %
(28) THE HOUSING OUTREACH FUND XII LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 20-3270454	LOW INCOME HOUSING	DC	ECAM	RELATED	-413	4,333		No		Yes		0.010 %
(29) THE HOUSING OUTREACH FUND XIII LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 20-3270497	LOW INCOME HOUSING	DC	ECAM	RELATED	-353	2,781		No		Yes		0.010 %
(30) M&T BANK AFFORDABLE HOUSING FUND LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-2064052	LOW INCOME HOUSING	DE	ECAM	RELATED	-4,253	2,605		No		Yes		0.010 %
(31) M&T BANK AFFORDABLE HOUSING FUND II LLLP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 27-1528572	LOW INCOME HOUSING	DE	ECAM	RELATED	-294	3,299		No		Yes		0.010 %
(32) MARYLAND HOUSING EQUITY FUND III LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-1854655	LOW INCOME HOUSING	MD	ECI	RELATED	-14,449	4,786		No		Yes		15.530 %
(33) NATIVE AMERICAN HOUSING FUND I LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 02-0535639	LOW INCOME HOUSING	DC	ECAM	RELATED	-84			No		Yes
(34) NATIVE AMERICAN HOUSING FUND II LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 20-0302735	LOW INCOME HOUSING	DC	ECAM	RELATED	-86	617		No		Yes		0.050 %
(35) PRUDENTIAL HOUSING FUND LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-2003113	LOW INCOME HOUSING	DE	ECAM	RELATED	-218	152		No		Yes		0.100 %
(36) US AFFORDABLE HOUSING FUND LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 60-0001701	LOW INCOME HOUSING	DE	ECAM	RELATED	2,836	1,246		No		Yes		0.010 %
(37) WAMU AFFORDABLE HOUSING FUND LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-2102708	LOW INCOME HOUSING	DE	ECAM	RELATED	7,272	918		No		Yes		0.010 %
(38) IBERIABANK AFFORDABLE HOUSING FUND LLLP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 32-2460340	LOW INCOME HOUSING	MD	ECAM	RELATED	-67	974		No		Yes		0.010 %
(39) ENTERPRISE HOUSING PARTNERS XIX LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 26-4326201	LOW INCOME HOUSING	MD	ECAM	RELATED	-740	7,251		No		Yes		0.010 %
(40) ENTERPRISE HOUSING PARTNERS XX LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 27-2146836	LOW INCOME HOUSING	MD	ECAM	RELATED	-1,475	15,072		No		Yes		0.010 %
(41) ENTERPRISE HOUSING PARTNERS XXI LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 45-1733217	LOW INCOME HOUSING	MD	ECAM	RELATED	-408	6,264		No		Yes		0.010 %
(42) ENTERPRISE HOUSING PARTNERS XXII LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 45-2684029	LOW INCOME HOUSING	MD	ECAM	RELATED	-607	7,830		No		Yes		0.010 %
(43) ENTERPRISE HOUSING PARTNERS XXIII LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 35-2452040	LOW INCOME HOUSING	MD	ECAM	RELATED	-694	9,983		No		Yes		0.010 %
(44) 481 ENTERPRISE AFFORDABLE HOUSING FUND I LLLP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 27-1445201	LOW INCOME HOUSING	MD	ECAM	RELATED	-856	10,838		No		Yes		0.010 %
(45) 481 ENTERPRISE AFFORDABLE HOUSING FUND II LLLP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 80-0865768	LOW INCOME HOUSING	MD	ECAM	RELATED	-765	7,355		No		Yes		0.010 %
(46) 481 ENTERPRISE AFFORDABLE HOUSING FUND III LLLP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 37-1753892	LOW INCOME HOUSING	MD	ECAM	RELATED	-650	9,780		No		Yes		0.010 %
(47) AMERICAN EXPRESS - UTAH EQUITY FUND LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-2041772	LOW INCOME HOUSING	DE	ECAM	RELATED	-15,357	22,004		No		Yes		0.100 %
(48) AMERICAN EXPRESS WEST EQUITY FUND LP 11001 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 20-0895254	LOW INCOME HOUSING	MD	ECAM	RELATED	-1,603	27,050		No		Yes		1.000 %
(49) ATLANTA HOUSING EQUITY FUND II LP 11001 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-1969157	LOW INCOME HOUSING	GA	ECAM	RELATED	-43,446	42,362		No		Yes		12.090 %
(50) BANK OF AMERICA HOUSING FUND LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-1932672	LOW INCOME HOUSING	MD	ECAM	RELATED	61,291	26		No		Yes		0.010 %
(51) BANC OF AMERICA HOUSING FUND I LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-1826758	LOW INCOME HOUSING	MD	ECAM	RELATED	-657	220		No		Yes		0.010 %
(52) THE BANC OF AMERICA HOUSING FUND II LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-1907935	LOW INCOME HOUSING	MD	ECAM	RELATED	-279	70		No		Yes		0.010 %
(53) BANC OF AMERICA HOUSING FUND III LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-2100730	LOW INCOME HOUSING	MD	ECAM	RELATED	-713	109		No		Yes		0.010 %
(54) BANC OF AMERICA HOUSING FUND IIIA LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-2193746	LOW INCOME HOUSING	MD	ECI	RELATED	-80	9		No		Yes		0.500 %
(55) BANC OF AMERICA HOUSING FUND IIIB LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-2209525	LOW INCOME HOUSING	MD	ECI	RELATED	-85	50		No		Yes		0.010 %
(56) BANC OF AMERICA HOUSING FUND IIIC LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-2209526	LOW INCOME HOUSING	MD	ECI	RELATED	-61	40		No		Yes		0.010 %
(57) BANC OF AMERICA HOUSING FUND IIID LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-2212426	LOW INCOME HOUSING	MD	ECI	RELATED	1,410	60		No		Yes		0.010 %
(58) BANC OF AMERICA HOUSING FUND IIIF LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-2212431	LOW INCOME HOUSING	MD	ECI	RELATED	1,355	70		No		Yes		0.010 %
(59) BANC OF AMERICA HOUSING FUND IIIG LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-2286685	LOW INCOME HOUSING	MD	ECI	RELATED	820	260		No		Yes		0.010 %
(60) BANC OF AMERICA HOUSING FUND IIIH LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-2286686	LOW INCOME HOUSING	MD	ECI	RELATED	-97	151		No		Yes		0.010 %
(61) THE BANC OF AMERICA HOUSING FUND IV LP LLLP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-2282447	LOW INCOME HOUSING	MD	ECI	RELATED	-667	1,863		No		Yes		0.010 %
(62) THE BANC OF AMERICA HOUSING FUND IVA LP LLLP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 04-3631847	LOW INCOME HOUSING	MD	ECI	RELATED	-273	6,262		No		Yes		0.010 %
(63) THE BANC OF AMERICA HOUSING FUND IVB LP LLLP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 01-0649967	LOW INCOME HOUSING	MD	ECI	RELATED	-60	215		No		Yes		0.010 %
(64) THE BANC OF AMERICA HOUSING FUND V LP LLLP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-2282701	LOW INCOME HOUSING	MD	ECAM	RELATED	-95	710		No		Yes		0.010 %
(65) THE BANC OF AMERICA HOUSING FUND VI LP LLLP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 20-1975415	LOW INCOME HOUSING	MD	ECAM	RELATED	-749	4,756		No		Yes		0.010 %
(66) THE BANC OF AMERICA HOUSING FUND VII LP LLLP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 20-5583537	LOW INCOME HOUSING	MD	ECAM	RELATED	-294	1,916		No		Yes		0.010 %
(67) THE BANC OF AMERICA HOUSING FUND VIII LP LLLP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 27-0336462	LOW INCOME HOUSING	MD	ECAM	RELATED	-277	2,222		No		Yes		0.010 %
(68) THE BANC OF AMERICA HOUSING FUND IX LP LLLP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 45-2404936	LOW INCOME HOUSING	MD	ECAM	RELATED	-635	8,289		No		Yes		0.010 %
(69) THE BANC OF AMERICA HOUSING FUND X PARTNERSHIP LP LLLP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 90-0999696	LOW INCOME HOUSING	MD	ECAM	RELATED	-223	14,143		No		Yes		0.010 %
(70) COMMUNITY HOUSING ALLIANCE LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 75-3118119	LOW INCOME HOUSING	MD	ECAM	RELATED	-556	1,804		No		Yes		0.010 %
(71) COMMUNITY HOUSING ALLIANCE II LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 65-1240099	LOW INCOME HOUSING	MD	ECAM	RELATED	-584	5,050		No		Yes		0.010 %
(72) COMMUNITY HOUSING ALLIANCE III LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 20-4238319	LOW INCOME HOUSING	MD	ECAM	RELATED	-851	7,678		No		Yes		0.010 %
(73) JP MORGAN CHASE AFFORDABLE HOUSING FUND LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-2138751	LOW INCOME HOUSING	MD	ECAM	RELATED	-486	193		No		Yes		0.010 %
(74) ESIC CITIGROUP CCDE INVESTMENT FUND LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-2362647	LOW INCOME HOUSING	MD	ECAM	RELATED	-103	77		No		Yes		0.010 %
(75) CORPORATE HOUSING INITIATIVES LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-1714746	LOW INCOME HOUSING	MD	ECI	RELATED	-38,699	226,368		No		Yes		27.760 %
(76) CORPORATE HOUSING INITIATIVES II LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-1854657	LOW INCOME HOUSING	MD	ECI	RELATED	374,928	579,551	Yes			Yes		23.360 %
(77) CORPORATE HOUSING INITIATIVES III LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-2059385	LOW INCOME HOUSING	MD	ECI	RELATED	-1,251,692	1,164,113		No		Yes		46.890 %
(78) DELAWARE EQUITY FUND FOR HOUSING LP I 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-1859433	LOW INCOME HOUSING	DE	ECAM	RELATED	77,242		Yes			Yes
(79) ENTERPRISE CALIFORNIA GREEN COMMUNITIES LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 26-3246728	LOW INCOME HOUSING	MD	ECAM	RELATED	-333	1,969		No		Yes		0.010 %
(80) ENTERPRISE COMMUNITY OPPORTUNITY FUND LLLP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 27-0472729	LOW INCOME HOUSING	MD	ECAM	RELATED	-1,049	16,684		No		Yes		0.010 %
(81) EMPIRE GARDEN AND STATE EQUITY FUND 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 20-1821222	LOW INCOME HOUSING	MD	ECAM	RELATED	-380	1,594		No		Yes		0.010 %
(82) ENTERPRISE HOUSING ALLIANCE FUND LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 20-3270372	LOW INCOME HOUSING	MD	ECAM	RELATED	-570	3,466		No		Yes		0.010 %
(83) ENTERPRISE HOUSING ALLIANCE FUND II LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 20-4670450	LOW INCOME HOUSING	MD	ECAM	RELATED	-796	8,073		No		Yes		0.010 %
(84) ENTERPRISE HOUSING PARTNERS 1992 LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-6538578	LOW INCOME HOUSING	MD	ECAM	RELATED	-50	560		No		Yes		0.010 %
(85) ENTERPRISE HOUSING PARTNERS 1994 LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-1910361	LOW INCOME HOUSING	MD	ECAM	RELATED	-18,839	72,977		No		Yes		9.710 %
(86) ENTERPRISE HOUSING PARTNERS 1995 LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-1952868	LOW INCOME HOUSING	MD	ECAM	RELATED	104,924	22,933	Yes			Yes		7.810 %
(87) ENTERPRISE HOUSING PARTNERS III LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-1788574	LOW INCOME HOUSING	MD	ECAM	RELATED	-52,329	70,947	Yes			Yes		1.000 %
(88) ENTERPRISE HOUSING PARTNERS III SERIES II LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 20-0405235	LOW INCOME HOUSING	MD	ECAM	RELATED	-1,079	6,384		No		Yes		0.010 %
(89) ENTERPRISE HOUSING PARTNERS VII LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-1995500	LOW INCOME HOUSING	MD	ECI	RELATED	-945,141	208,927		No		Yes		10.090 %
(90) ENTERPRISE HOUSING PARTNERS VIII LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-2138749	LOW INCOME HOUSING	MD	ECAM	RELATED	-363	80		No		Yes		0.010 %
(91) ENTERPRISE HOUSING PARTNERS IX LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-2282444	LOW INCOME HOUSING	MD	ECAM	RELATED	-1,686	1,510		No		Yes		0.010 %
(92) ENTERPRISE HOUSING PARTNERS X LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 03-0386841	LOW INCOME HOUSING	MD	ECAM	RELATED	-795	1,253		No		Yes		0.010 %
(93) ENTERPRISE HOUSING PARTNERS XI LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 59-3763774	LOW INCOME HOUSING	MD	ECAM	RELATED	7,557	2,583		No		Yes		0.010 %
(94) ENTERPRISE HOUSING PARTNERS XII LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 20-1004093	LOW INCOME HOUSING	MD	ECAM	RELATED	-607	7,830		No		Yes		0.010 %
(95) ENTERPRISE HOUSING PARTNERS XIII LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 20-2675276	LOW INCOME HOUSING	MD	ECAM	RELATED	-635	4,632		No		Yes		0.010 %
(96) ENTERPRISE HOUSING PARTNERS XIV LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 20-4670098	LOW INCOME HOUSING	MD	ECAM	RELATED	-1,327	9,350		No		Yes		0.010 %
(97) ENTERPRISE HOUSING PARTNERS XV LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 20-3152647	LOW INCOME HOUSING	MD	ECAM	RELATED	-1,045	10,544		No		Yes		0.010 %
(98) ENTERPRISE HOUSING PARTNERS XV INVESTOR LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 26-0707086	LOW INCOME HOUSING	MD	ECAM	RELATED	-965	9,693		No		Yes		0.010 %
(99) ENTERPRISE HOUSING PARTNERS XXIV LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 46-2915500	LOW INCOME HOUSING	MD	ECAM	RELATED	-871	12,038		No		Yes		0.010 %
(100) ENTERPRISE HOUSING PARTNERS XXV LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 38-3913092	LOW INCOME HOUSING	MD	ECAM	RELATED	-1,120	22,800		No		Yes		0.010 %
(101) ENTERPRISE HOUSING OPPORTUNITY FUND I LLLP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 45-4024947	LOW INCOME HOUSING	MD	ECAM	RELATED	-307	3,562		No		Yes		0.010 %
(102) ENTERPRISE MULTI-STATE LIHTC FUND LLLP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 45-2714779	LOW INCOME HOUSING	MD	ECAM	RELATED	-472	10,596		No		Yes		0.010 %
(103) ENTREPRISE HOUSING CALGREEN FUND LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 30-0702801	LOW INCOME HOUSING	MD	ECAM	RELATED	-689	8,349		No		Yes		0.010 %
(104) CALIFORNIA COMMUNITY HOUSING FUND LLLP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 27-2440376	LOW INCOME HOUSING	MD	ECAM	RELATED	-144	2,153		No		Yes		0.010 %
(105) ENTERPRISE KEY HOUSING FUND I LLLP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 35-2465349	LOW INCOME HOUSING	MD	ECAM	RELATED	-2	1,716		No		Yes		0.010 %
(106) ENTERPRISE GREEN COMMUNITIES WEST LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 26-4326163	LOW INCOME HOUSING	MD	ECAM	RELATED	-3	367		No		Yes		0.010 %
(107) ENTERPRISE GREEN COMMUNITIES WEST II LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 27-2146723	LOW INCOME HOUSING	MD	ECAM	RELATED	-442	4,099		No		Yes		0.010 %
(108) ENTERPRISE HOUSING PARTNERS CALGREEN II FUND LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 80-0839276	LOW INCOME HOUSING	MD	ECAM	RELATED	-356	4,044		No		Yes		0.010 %
(109) BELLWETHER ENTERPRISE REAL ESTATE CAPITAL LLC ING CENTER SUITE 300 1360 E 9TH STR CLEVELAND,OH44114 26-2916887	AFF. HOUSING	OH	EOWN	RELATED	4,715,591	120,424,639		No		Yes		58.230 %
(110) ENTERPRISE FIRST NIAGARA AFFORDABLE HOUSING FUND I LLLP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 38-3923041	LOW INCOME HOUSING	MD	ECAM	RELATED	-102	2,426		No		Yes		0.010 %
(111) ENTERPRISE WF EQUITY FUND LLLP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 35-2514024	LOW INCOME HOUSING	MD	ECAM	RELATED	-291	3,259		No		Yes		0.010 %
(112) SUNTRUST ENTERPRISE PARTNERS FUND I LLLP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 38-3940720	LOW INCOME HOUSING	MD	ECAM	RELATED	-31	702		No		Yes		0.010 %
(113) HOUSING THE NATION 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-2051087	LOW INCOME HOUSING	MD	ECI	RELATED	-110,987	332,005		No			No	50.000 %
(114) ENTERPRISE HOUSING PARTNERS XXVI 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 30-0853211	LOW INCOME HOUSING	MD	ECAM	RELATED	-32	15,315		No		Yes		0.010 %
(115) ENTERPRISE HOUSING PARTNERS CALGREEN III FUND LP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 61-1757440	LOW INCOME HOUSING	MD	ECAM	RELATED	-9	4,163		No		Yes		0.010 %
(116) CHASE NMTC LOS ANGELES YWCA LLC 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 27-1211209	NEW MARKETS TAX CREDIT DEVELOPMENT	MD	ECI	RELATED		3,066		No		Yes		0.010 %
(117) CHASE NMTC AHS INVESTMENT FUND LLC 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 45-3915998	NEW MARKETS TAX CREDIT DEVELOPMENT	MD	ECI	RELATED	-4	814		No		Yes		0.010 %
(118) CHASE NMTC FHSCD INVESTMENT FUND LLC 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 80-0886870	NEW MARKETS TAX CREDIT DEVELOPMENT	MD	ECI	RELATED	-4	700		No		Yes		0.010 %
(119) CHASE NMTC SA QUICY INVESTMENT FUND LLC 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 27-2792075	NEW MARKETS TAX CREDIT DEVELOPMENT	MD	ECI	RELATED		2,299		No		Yes		0.010 %
(120) CHASE NMTC FHCW INVESTMENT FUND LLC 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 35-2485015	NEW MARKETS TAX CREDIT DEVELOPMENT	MD	ECI	RELATED	-3	610		No		Yes		0.010 %
(121) PROGRESSIVE CEDARWOOD LP 500 EAST 96TH STREET SUITE 300 INDIANAPOLIS,IN46240 33-1114558	LOW INCOME HOUSING	IN	N/A
(122) 57TH NW DEVELOPMENT LLLP 2407 FIRST AVE SUITE 200 SEATTLE,WA98121 27-3984477	LOW INCOME HOUSING	WA	N/A
(123) SEA BREEZE VILLAGE APARTMENTS LTD PO BOX 190 BURNET,TX78611 76-0565140	LOW INCOME HOUSING	TX	N/A

Part IV

Identification of Related Organizations Taxable as a Corporation or Trust Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	(i) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets		Yes	No
(1) ENTERPRISE OWNERSHIP INC 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 45-5572028	INVESTMENTS IN LIHTC HOUSING	MD	ENTERPRISE COMMUNITY INVESTMENTS	C	1,531,013	103,404,314	100.000 %		No
(2) ENTERPRISE HOMES INC 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-1456419	DEVELOPMENT SERVICES	MD	ENTERPRISE OWNERSHIP INC	C	-733,614	29,001,050	100.000 %		No
(3) EMPLOYMENT OPPORTUNITIES INC 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-1962418	NEW MKTS ADVISORY	MD	ENTERPRISE COMMUNITY INVESTMENTS	C		9,540	100.000 %		No
(4) ENTERPRISE EQUITIES INC 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-1669796	BROKER / DEALER	MD	ENTERPRISE OWNERSHIP INC	C	7,700	186,664	100.000 %		No
(5) ENTERPRISE HOUSING INITIATIVE OF NY INC 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-1751213	INVESTMENTS IN LIHTC HOUSING	MD	ENTERPRISE COMMUNITY INVESTMENTS	C	-3,718	381,136	100.000 %		No
(6) EAM ASSOCIATES INC 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-2332045	AFF. HOUSING	MD	ECAM	C	-1,128	160,366	100.000 %		No
(7) ENTERPRISE COMMUNITY HOUSING ORGANIZATION INC 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-1440653	AFF. HOUSING	MD	ENTERPRISE OWNERSHIP INC	C	770,130	7,994,082	100.000 %		No
(8) ENTERPRISE COMMUNITY ASSET MANAGEMENT INC 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 90-0863384	AFF. HOUSING	MD	ENTERPRISE OWNERSHIP INC	C	-566,831	28,023,255	100.000 %		No
(9) ENTERPRISE MORTGAGE HOLDING INC 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 80-0830074	AFF. HOUSING	MD	ENTERPRISE OWNERSHIP INC	C	1,197,145	-2,963,190	100.000 %		No
(10) ENTERPRISE GRATZ ST HOUSING CORP 11000 BROKEN LAND PKWY SUITE 700 COLUMBIA,MD21044 52-1770274	AFF. HOUSING	MD	ENTERPRISE OWNERSHIP INC	C	-1,140	16,027	100.000 %		No

Schedule R (Form 990) 2015

Page 3

Part V

Transactions With Related Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.

Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.

Yes

1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?

a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................

b Gift, grant, or capital contribution to related organization(s) ............................

Yes

c Gift, grant, or capital contribution from related organization(s) ............................

d Loans or loan guarantees to or for related organization(s) ............................

Yes

e Loans or loan guarantees by related organization(s) ............................

Yes

f Dividends from related organization(s) ............................

g Sale of assets to related organization(s) ............................

h Purchase of assets from related organization(s) ............................

i Exchange of assets with related organization(s) ............................

j Lease of facilities, equipment, or other assets to related organization(s) .......................

k Lease of facilities, equipment, or other assets from related organization(s) ......................

l Performance of services or membership or fundraising solicitations for related organization(s) .....................

Yes

m Performance of services or membership or fundraising solicitations by related organization(s) .................

Yes

n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................

o Sharing of paid employees with related organization(s) ............................

p Reimbursement paid to related organization(s) for expenses ............................

q Reimbursement paid by related organization(s) for expenses ............................

r Other transfer of cash or property to related organization(s) ............................

s Other transfer of cash or property from related organization(s) ............................

If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.

(a) Name of related organization	(b) Transaction type (a-s)	(c) Amount involved	(d) Method of determining amount involved
(1) 481 ENTERPRISE AFFORDABLE HOUSING FUND II LLLP	D	196,000	COST
(2) THE BANC OF AMERICA HOUSING FUND X LIMITED PARTNERSHIP LLLP	D	2,724,828	COST
(3) ENTERPRISE COMMUNITY OPPORTUNITY FUND LLLP	D	3,164,635	COST
(4) ENTERPRISE HOUSING PARTNERS XXII LIMITED PARTNERSHIP	D	259,795	COST
(5) IBERIABANK AFFORDABLE HOUSING FUND LLLP	D	233,772	COST
(6) WINCOPIN CIRCLE LLLP	D	5,590,327	COST
(7) ENTERPRISE COMMUNITY PARTNERS	L	4,120,946	COST
(8) ENTERPRISE COMMUNITY LOAN FUND INC	E	17,000,000	COST
(9) ENTERPRISE COMMUNITY PARTNERS	M	6,313,946	COST
(10) ENTERPRISE COMMUNITY PARTNERS	B	3,400,000	COST

Schedule R (Form 990) 2015

Page 4

Part VI

Unrelated Organizations Taxable as a Partnership Complete if the organization answered "Yes" on Form 990, Part IV, line 37.

Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.

(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(e) Are all partners section 501(c)(3) organizations?		(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No

Schedule R (Form 990) 2015

Page 5

Part VII

Supplemental Information

Provide additional information for responses to questions on Schedule R (see instructions).

Return Reference	Explanation

Schedule R (Form 990) 2015

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: TO CREATE OPPORTUNITIES FOR LOW AND MODERATE INCOME PEOPLE THROUGH AFFORDABLE HOUSING IN DIVERSE, THRIVING COMMUNITIES.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	16
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	14
5	Total number of individuals employed in calendar year 2015 (Part V, line 2a) ......	5	132
6	Total number of volunteers (estimate if necessary) .............	6	0
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, line 34 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	0	0
9	Program service revenue (Part VIII, line 2g) .........	38,995,075	33,895,412
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	82,949	218,061
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	14,347,602	12,745,670
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	53,425,626	46,859,143
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	2,750,000	3,400,000
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	21,716,235	20,142,634
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	25,970,763	25,262,370
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	50,436,998	48,805,004
19	Revenue less expenses. Subtract line 18 from line 12.......	2,988,628	-1,945,861
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	123,581,507	131,842,005
21	Total liabilities (Part X, line 26).............	22,324,062	19,519,245
22	Net assets or fund balances. Subtract line 21 from line 20.....	101,257,445	112,322,760

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 39,105,484 including grants of $ 3,400,000 ) (Revenue $ 33,895,412 )
	THE ORGANIZATION PROVIDES TECHNICAL, ACQUISITION, AND FINANCING ASSISTANCE RELATED TO INVESTMENT IN LOW INCOME AFFORDABLE HOUSING. ECI PARTNERS WITH OTHER ORGANIZATIONS THAT PROVIDE ASSET MANAGEMENT AND OTHER SERVICES RELATED TO PRESERVING THE STABILITY OF LOW INCOME HOUSING NATIONWIDE.

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses39,105,484

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	9,391,955	575,626	1,707,752

1a	Federated campaigns..	1a
b	Membership dues..	1b
c	Fundraising events..	1c
d	Related organizations	1d
e	Government grants (contributions)	1e

f	All other contributions, gifts, grants, and similar amounts not included above	1f

g	Noncash contributions included in lines 1a-1f:$
h Total.Add lines 1a-1f.......

			Business Code
2a	LOW INCOME HOUSING REVENUE	531390	33,895,412	33,895,412
b
c
d
e
f	All other program service revenue.
g Total.Add lines 2a–2f.....			33,895,412

3 Investment income (including dividends, interest, and othersimilar amounts) ..........			218,061			218,061
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents
b	Less: rental expenses
c	Rental income or (loss)
d	Net rental income or (loss)......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory
b	Less: cost or other basis and sales expenses
c	Gain or (loss)
d	Net gain or (loss).....
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
	a
b	Less: direct expenses ...b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
	a
b	Less: direct expenses ...b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
	a
b	Less: cost of goods sold ..b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a	FEES FOR PARENT SERVICES		561000	12,745,670			12,745,670
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			12,745,670
12	Total revenue. See Instructions......			46,859,143	33,895,412	0	12,963,731

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21	3,400,000	3,400,000
2	Grants and other assistance to individuals in the United States. See Part IV, line 22
3	Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16
4	Benefits paid to or for members
5	Compensation of current officers, directors, trustees, and key employees ....	10,175,192	6,609,088	3,566,104
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....
7	Other salaries and wages	5,723,312	5,569,447	153,865
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	457,877	350,742	107,135
9	Other employee benefits .......	2,382,415	1,797,798	584,617
10	Payroll taxes ...........	1,403,838	1,075,365	328,473
11	Fees for services (non-employees):
a	Management ......
b	Legal .........	322,469	322,469
c	Accounting ...........	504,726	504,726
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	4,420,057	2,737,038	1,683,019
12	Advertising and promotion ....	2,348,477	2,348,477
13	Office expenses .......	2,916,362	1,298,554	1,617,808
14	Information technology ......	753,079		753,079
15	Royalties ..
16	Occupancy ...........	1,012,079	785,785	226,294
17	Travel ............	668,185	575,249	92,936
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....	140,732	132,042	8,690
20	Interest ...........	915,631	915,631
21	Payments to affiliates .......	6,544,037	6,277,037	267,000
22	Depreciation, depletion, and amortization ..	1,885,439	1,574,939	310,500
23	Insurance ...
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	OVERHEAD	1,438,912	1,438,912
b	OTHER PROGRAM EXPENSES	1,392,185	1,392,185
c
d
e	All other expenses
25	Total functional expenses. Add lines 1 through 24e	48,805,004	39,105,484	9,699,520	0
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			30,084,733	1	42,032,434
2	Savings and temporary cash investments .........				2
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............			42,867,332	4	43,461,497
5	Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
					6
7	Notes and loans receivable, net ....				7
8	Inventories for sale or use ........				8
9	Prepaid expenses and deferred charges ......			1,439,994	9	1,772,192
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	13,443,544
b	Less: accumulated depreciation	10b	6,827,640	6,820,192	10c	6,615,904
11	Investments—publicly traded securities .			6,338,008	11	5,621,083
12	Investments—other securities. See Part IV, line 11 .....				12
13	Investments—program-related. See Part IV, line 11 ..			36,031,248	13	32,338,895
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........				15
16	Total assets. Add lines 1 through 15 (must equal line 34)...			123,581,507	16	131,842,005

17	Accounts payable and accrued expenses .....	20,234,522	17	17,956,528
18	Grants payable ...		18
19	Deferred revenue .........	2,089,540	19	1,562,717
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..		22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D		25
26	Total liabilities. Add lines 17 through 25..	22,324,062	26	19,519,245

	Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets	101,257,445	27	112,322,760
28	Temporarily restricted net assets ...........		28
29	Permanently restricted net assets		29
	Organizations that do not follow SFAS 117 (ASC 958), check here and complete lines 30 through 34.
30	Capital stock or trust principal, or current funds .....		30
31	Paid-in or capital surplus, or land, building or equipment fund ...		31
32	Retained earnings, endowment, accumulated income, or other funds		32
33	Total net assets or fund balances ...........	101,257,445	33	112,322,760
34	Total liabilities and net assets/fund balances ........	123,581,507	34	131,842,005