EIN 36-4229337

Nef Community Investments

IRS 501(c) type
501(c)(4)
Num. employees
0
Year formed
1998
Most recent tax filings
2022-12-01
Description
Nef Community Investments assists Nef, Inc. and National Equity Fund, Inc. in the development and preservation of high-quality low-income rental housing by managing investments in qualifying projects. It establishes and manages investment funds that attract capital for investment in housing projects that qualify. Nef Community Investments serves as the general partner or managing member and is the sole member of limited liability companies which serve as the general partner and managing member of investor limited partnerships and limited liability companies. It is located in Chicago, IL.
Related structure
Nef Community Investments is a subordinate organization under Local Initiatives Support Corporation.
Total revenues
$69,815,195
2022
Total expenses
$44,836,410
2022
Total assets
$59,322,474
2022
Num. employees
0
2022

Program areas at Nef Community Investments

Nef Community Investments, Inc. Serves as the general partner or managing member and serves as the sole member of limited liability companies which serve as the general partner and 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 Community Investments, Inc. Provides and facilitates asset management services to support such Investments in low-income housing projects.
Nef Community Investments, Inc. Serves as the sole member of Nef permanent lending llc which serves as a member of cpc mortgage company llc, a joint venture with affiliates of the Community preservation corporation, a new york not-for-profit corporation, and cinnaire corporation, a Michigan not-for-profit corporation, providing gse and agency financing for the development of housing affordable to low- and moderate-income individuals and families in order to preserve and rehabilitate neighborhoods experiencing deterioration and disinvestment.

Grants made by Nef Community Investments

GranteeGrant descriptionAmount
Nef Housing CharitiesSupport the Next Generation of Emerging Black, Indigenous, and People of Color (Bipoc) Developers in the Affordable Housing Industry.$526,535

Personnel at Nef Community Investments

NameTitleCompensation
Matt ReileinBoard Member
Matthew ReileinPresident and Chief Executive Officer$0
Alex DenjaBoard Member$0
Gaylene DomerVice President Facilities Management
Mike RogersBoard Member
...and 7 more key personnel

Financials for Nef Community Investments

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$69,601,246
Investment income and dividends$213,949
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$0
Total revenues$69,815,195

Form 990s for Nef Community Investments

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990View PDF
2021-122022-11-11990View PDF
2020-122021-11-12990View PDF
2019-122021-06-24990View PDF
2018-122020-01-15990View PDF
...and 10 more Form 990s
Data update history
January 26, 2024
Updated personnel
Identified 3 new personnel
January 22, 2024
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 21, 2023
Posted financials
Added Form 990 for fiscal year 2020
October 29, 2022
Updated personnel
Identified 4 new personnel
Nonprofit Types
Real estate organizationsHousing and shelter organizationsChapter / child organizations
Issues
Human servicesHousing
Characteristics
Partially liquidatedState / local levelNo full-time employees
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
nationalequityfund.org/ 
Phone
(312) 360-0400
IRS details
EIN
36-4229337
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1998
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
L20: Housing Development, Construction, Management
NAICS code, primary
5313: Real Estate Services
Parent/child status
Subordinate organization
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