Overview

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Est.

1987

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

NATIONAL EQUITY FUND INC is a nonprofit dedicated to supporting the development and preservation of high-quality affordable rental housing in disinvested communities. In 2024, it reported an operating budget of $76M and total revenue of $85.5M; its listed top funders include LOCAL INITIATIVES SUPPORT CORPORATION and MONDAYS DARK.

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
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  • 2 funders
  • 66 board & team members
  • 12 historic 990s & financials
  • 6-year operating budget trend
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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.