EIN 36-3490231

National Equity Fund

IRS 501(c) type
501(c)(4)
Num. employees
253
Year formed
1987
Most recent tax filings
2022-12-01
Description
National Equity Fund supports affordable rental housing in disinvested communities by acquiring interests in project partnerships as an asset manager.
Total revenues
$58,767,848
2022
Total expenses
$82,608,491
2022
Total assets
$105,588,099
2022
Num. employees
253
2022

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$14,700,000
Commons Impact FoundationSupport Residents of Affordable Housing Project Partnerships$20,000
Chicago Rehab NetworkSupport Low-Income Housing Development$15,000

Personnel at National Equity Fund

NameTitleCompensation
Matt ReileinPresident and Chief Executive Officer
Alex DenjaSenior Vice President , Chief Operating Officer , Chief Financial Officer$735,910
Ed SimonSenior Vice President and Chief Information Officer$556,257
Jaclyn JacksonSenior Vice President and Chief Human Resources Officer
Stewart JesterSenior Vice President Project Management
...and 22 more key personnel

Financials for National Equity Fund

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$57,412,087
Investment income and dividends$465,810
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$889,951
Total revenues$58,767,848

Form 990s for National Equity Fund

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990View PDF
2021-122022-11-11990View PDF
2020-122021-11-12990View PDF
2019-122021-06-08990View PDF
2018-122020-02-10990View PDF
...and 9 more Form 990s
Data update history
December 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 17, 2023
Posted financials
Added Form 990 for fiscal year 2020
July 13, 2023
Used new vendors
Identified 3 new vendors, including , , and
June 3, 2023
Updated personnel
Identified 4 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
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