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
Grantee | Grant description | Grant year | Amount |
---|
Nef Housing Charities | Support the Next Generation of Emerging Black, Indigenous, and People of Color (Bipoc) Developers in the Affordable Housing Industry. | 2022-12 | $526,535 |
Personnel at Nef Community Investments
Name | Title | Compensation | Date of data |
---|
Matt Reilein | Board Member | | 2024-01-25 |
Matthew Reilein | President and Chief Executive Officer | $0 | 2024-01-25 |
Alex Denja | Board Member | $0 | 2024-01-25 |
Gaylene Domer | Vice President Facilities Management | | 2022-10-29 |
Mike Rogers | Board Member | | 2024-01-25 |
...and 7 more key personnel |
Financials for Nef Community Investments
Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
---|
Total grants, contributions, etc. | $0 | $0 | - |
Program services | $69,601,246 | $69,173,153 | 0.6% |
Investment income and dividends | $213,949 | $76,358 | 180.2% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $0 | $0 | - |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $0 | $0 | - |
Total revenues | $69,815,195 | $69,249,511 | 0.8% |
Organizations like Nef Community Investments
Organization | Type | Location | Revenue |
---|
City of Scottsdale Municipal Property Corporation | 501(c)(4) | Scottsdale, AZ | $48,828,086 |
RTH Mission Park Realty Corporation | 501(c)(3) | Boston, MA | $19,995,197 |
The Pasadena Center Operating Company | 501(c)(4) | Pasadena, CA | $24,244,402 |
Blugold Real Estate Foundation | 501(c)(3) | Eau Claire, WI | $49,306,689 |
Cahec Management | 501(c)(3) | Raleigh, NC | $27,750,429 |
Beaumont Usd Public Facilities Corporation | 501(c)(4) | Beaumont, CA | $19,466,559 |
City of Glendale Municipal Property Corporation | 501(c)(4) | Glendale, AZ | $19,719,000 |
San Diego County Capital Asset Leasing Corporation | 501(c)(4) | San Diego, CA | $77,197,680 |
Ladera Ranch Maintenance Corporation | 501(c)(4) | Irvine, CA | $24,770,560 |
Denver Fire Fighters Housing | 501(c)(4) | Denver, CO | $18,756,592 |
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/Â
- 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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