1. Directory
  2. Illinois
  3. Chicago
  4. National Equity Fund
EIN 36-3490231

National Equity Fund

IRS 501(c) type
501(c)(4)
Num. employees
225
City
Chicago
State
Illinois
Year formed
1987
Most recent tax filings
2023-12-01
NTEE code, primary
L80: Housing Support Services
Description
National Equity Fund supports affordable rental housing in disinvested communities by acquiring interests in project partnerships as an asset manager.
Total revenues
$85,962,936
2023
Total expenses
$90,040,711
2023
Total assets
$126,377,114
2023
Num. employees
225
2023

Program areas at National Equity Fund

Nef, Inc serves as the general partner or managing member of investor limited partnerships and limited liability companies that acquire limited partner or non-managing member interests in project partnerships or project limited liability companies that acquire, own, construct, rehabilitate and operate low-income housing projects. In addition, nef, Inc. Provides and facilitates various grants, financing, technical assistance, and asset management services to support such investments in low-income housing projects.

Grants made by National Equity Fund

GranteeGrant descriptionAmount
Local Initiatives Support CorporationSupport Community Development$17,500,000
Project for Pride in Living (PPL)Support Low-Income Housing Development$20,000
Chicago Rehab NetworkSupport Low-Income Housing Development$15,000

Who funds National Equity Fund

Grants from foundations and other nonprofits
GrantmakerAmount
Mondays Dark$10,000

Financials for National Equity Fund

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$81,909,278
Investment income and dividends$2,473,113
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$1,580,545
Total revenues$85,962,936
Data update history
January 17, 2025
Posted financials
Added Form 990 for fiscal year 2023
November 21, 2024
Updated personnel
Identified 1 new personnel
October 20, 2024
Updated personnel
Identified 1 new personnel
September 24, 2024
Updated personnel
Identified 2 new personnel
September 17, 2024
Updated personnel
Identified 8 new personnel
Nonprofit Types
Housing and shelter organizationsHeadquarter / parent organizations
Issues
EducationHuman servicesHousing
Characteristics
No characteristics found
General information
Address
10 S Riverside Plaza Suite 1700
Chicago, IL 60606
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
County
Cook County, IL
Website URL
nefinc.org/ 
Phone
(312) 360-0400
Twitter profile
@nef_lisc 
IRS details
EIN
36-3490231
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1987
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
L80: Housing Support Services
NAICS code, primary
62422: Community Housing Services
Parent/child status
Central organization
California AB-488 details
AB 488 status
May Not Operate or Solicit for Charitable Purposes
Charity Registration status
Revoked
FTB status revoked
Not revoked
AG Registration Number
117711
FTB Entity ID
1953904
AB 488 data last updated ("as-of") date
2025-07-16
Free account sign-up

Want updates when National Equity Fund has new information, or want to find more organizations like National Equity Fund?

Create free Cause IQ account
Cause IQ is a website that helps companies grow, maintain, and serve their nonprofit clients, and helps nonprofits find additional foundation funding. Our data and tools help professionals prospect for nonprofits, research opportunities, benchmark their clients, and enrich existing information.
Nonprofits
Product
Customers
About

© 2026 Nonprofit Metrics LLC
Terms of Service and Privacy Policy