NATIONAL EQUITY FUND INC
Pub 78

NATIONAL EQUITY FUND INC
Pub 78

Chicago, IL, US
501(c)
EIN
36-3490231

NATIONAL EQUITY FUND INC
Pub 78

Chicago, IL, US
501(c)
EIN
36-3490231

Overview

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Est.

1987

Fiscal Year Start

Jan 1

Organization Type

Grantseeker
AI Summary
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National Equity Fund Inc, with EIN 36-3490231, is dedicated to creating and delivering innovative financial solutions that expand the creation and preservation of affordable housing. With an operating budget of $76 million and total revenue of $85.5 million for the fiscal year 2024, the organization envisions a society where increased access to affordable housing empowers individuals and families to reach their full potential. Notably, it does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base. More information can be found at www.nefinc.org.

Mission Statement

NATIONAL EQUITY FUND, INC. IS DEDICATED TO SUPPORTING THE DEVELOPMENT AND PRESERVATION OF HIGH-QUALITY AFFORDABLE RENTAL HOUSING IN DISINVESTED COMMUNITIES.
Revenues

$85.5M

Expenses

$93.5M

Net Income:
-$8M
Assets

$122.2M

Liabilities

$87M

Net Assets:
+$35.1M
Operating Budget

$76M

Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants

1

Median grant size
$10K
Largest grant received
$10K
M
Matthew Reilein
Board Member
M
Michael May
Board Member
E
Edward Sigler
Board Member

Frequently Asked Questions

What is NATIONAL EQUITY FUND INC’s budget?
In 2024, NATIONAL EQUITY FUND INC reported an annual operating budget of around $76 million. More detailed financial information is available to registered users.
Where does NATIONAL EQUITY FUND INC operate?
NATIONAL EQUITY FUND INC is headquartered in Chicago, IL.
Who funded NATIONAL EQUITY FUND INC recently?
In 2023, NATIONAL EQUITY FUND INC received grants from MONDAYS DARK and LOCAL INITIATIVES SUPPORT CORPORATION. More information on this organization’s funders is available to registered users.
What is the largest grant NATIONAL EQUITY FUND INC received in 2023?
The largest grant to NATIONAL EQUITY FUND INC in 2023 exceeds $10 thousand.
Overview
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