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Employer Identification Number 36-3490231

NATIONAL EQUITY FUND, INC. is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:NATIONAL EQUITY FUND, INC.
Employer identification number (EIN):36-3490231
EIN Issuing AuthorityCincinnati, OH
NAIC Classification:531310
401k Pension/Benefits registration NATIONAL EQUITY FUND, INC. 401k plan information
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementNATIONAL EQUITY FUND, INC. IS DEDICATED TO SUPPORTING THE DEVELOPMENT AND PRESERVATION OF HIGH-QUALITY AFFORDABLE RENTAL HOUSING IN DISINVESTED COMMUNITIES.
Number of Employees184
Number of Volunteers0
Year Formed1987

Organization Governance

Legal DomicileIL
Voting Members - Governing Body15
Voting Members - Independent11

Organization Financials

2024-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 81,909,278
Program Service Revenue from current yearUSD $ 81,743,367
Investment Income from prior yearUSD $ 2,473,113
Investment Income from current yearUSD $ 2,477,289
Other Revenue from prior yearUSD $ 1,580,545
Other Revenue from current yearUSD $ 1,259,609
Gross receipts from all sourcesUSD $ 85,480,265
Net assets / fund balances at end of fiscal yearUSD $ 35,114,711
Net assets / fund balances at beginning of fiscal yearUSD $ 34,760,757
Total liabilities at end of fiscal yearUSD $ 87,044,075
Total liabilities at beginning of fiscal yearUSD $ 91,616,357
Total assets at end of fiscal yearUSD $ 122,158,786
Total assets at beginning of fiscal yearUSD $ 126,377,114
Revenues less expenses for current yearUSD $ -8,041,986
Revenues less expenses for previous yearUSD $ -4,077,775
Total expenses for current yearUSD $ 93,522,251
Total expenses for previous yearUSD $ 90,040,711
Other expenses in current yearUSD $ 22,563,419
Other expenses in previous yearUSD $ 24,708,401
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 53,468,332
Employee salary and benefits paid in previous yearUSD $ 47,794,735
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 17,490,500
Grants and similar amounts paid in previous yearUSD $ 17,537,575
Total revenue in current fiscal yearUSD $ 85,480,265
Total revenue in previous fiscal yearUSD $ 85,962,936
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 1,259,609
2022-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 57,972,532
Program Service Revenue from current yearUSD $ 57,412,087
Investment Income from prior yearUSD $ 198,617
Investment Income from current yearUSD $ 465,810
Other Revenue from prior yearUSD $ 1,362,196
Other Revenue from current yearUSD $ 889,951
Gross receipts from all sourcesUSD $ 58,767,848
Net assets / fund balances at end of fiscal yearUSD $ 30,842,212
Net assets / fund balances at beginning of fiscal yearUSD $ 39,682,855
Total liabilities at end of fiscal yearUSD $ 74,745,887
Total liabilities at beginning of fiscal yearUSD $ 79,229,880
Total assets at end of fiscal yearUSD $ 105,588,099
Total assets at beginning of fiscal yearUSD $ 118,912,735
Revenues less expenses for current yearUSD $ -23,840,643
Revenues less expenses for previous yearUSD $ -25,815,797
Total expenses for current yearUSD $ 82,608,491
Total expenses for previous yearUSD $ 85,349,142
Other expenses in current yearUSD $ 21,254,489
Other expenses in previous yearUSD $ 25,901,470
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 46,619,002
Employee salary and benefits paid in previous yearUSD $ 44,026,672
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 14,735,000
Grants and similar amounts paid in previous yearUSD $ 15,421,000
Total revenue in current fiscal yearUSD $ 58,767,848
Total revenue in previous fiscal yearUSD $ 59,533,345
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 889,951
2021-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 60,309,943
Program Service Revenue from current yearUSD $ 57,972,532
Investment Income from prior yearUSD $ 409,399
Investment Income from current yearUSD $ 198,617
Other Revenue from prior yearUSD $ 2,563,215
Other Revenue from current yearUSD $ 1,362,196
Gross receipts from all sourcesUSD $ 59,533,345
Net assets / fund balances at end of fiscal yearUSD $ 39,682,855
Net assets / fund balances at beginning of fiscal yearUSD $ 50,496,466
Total liabilities at end of fiscal yearUSD $ 79,229,880
Total liabilities at beginning of fiscal yearUSD $ 55,523,968
Total assets at end of fiscal yearUSD $ 118,912,735
Total assets at beginning of fiscal yearUSD $ 106,020,434
Revenues less expenses for current yearUSD $ -25,815,797
Revenues less expenses for previous yearUSD $ -7,542,722
Total expenses for current yearUSD $ 85,349,142
Total expenses for previous yearUSD $ 70,825,279
Other expenses in current yearUSD $ 25,901,470
Other expenses in previous yearUSD $ 18,063,961
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 44,026,672
Employee salary and benefits paid in previous yearUSD $ 37,728,818
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 15,421,000
Grants and similar amounts paid in previous yearUSD $ 15,032,500
Total revenue in current fiscal yearUSD $ 59,533,345
Total revenue in previous fiscal yearUSD $ 63,282,557
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 1,362,196
2020-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 50,656,668
Program Service Revenue from current yearUSD $ 60,309,943
Investment Income from prior yearUSD $ 1,396,769
Investment Income from current yearUSD $ 409,399
Other Revenue from prior yearUSD $ 869,672
Other Revenue from current yearUSD $ 2,563,215
Gross receipts from all sourcesUSD $ 63,282,557
Net assets / fund balances at end of fiscal yearUSD $ 50,496,466
Net assets / fund balances at beginning of fiscal yearUSD $ 49,048,421
Total liabilities at end of fiscal yearUSD $ 55,523,968
Total liabilities at beginning of fiscal yearUSD $ 48,791,472
Total assets at end of fiscal yearUSD $ 106,020,434
Total assets at beginning of fiscal yearUSD $ 97,839,893
Revenues less expenses for current yearUSD $ -7,542,722
Revenues less expenses for previous yearUSD $ -15,659,966
Total expenses for current yearUSD $ 70,825,279
Total expenses for previous yearUSD $ 68,583,075
Other expenses in current yearUSD $ 18,063,961
Other expenses in previous yearUSD $ 19,793,333
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 37,728,818
Employee salary and benefits paid in previous yearUSD $ 34,911,742
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 15,032,500
Grants and similar amounts paid in previous yearUSD $ 13,878,000
Total revenue in current fiscal yearUSD $ 63,282,557
Total revenue in previous fiscal yearUSD $ 52,923,109
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 2,563,215
2019-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 52,923,557
Program Service Revenue from current yearUSD $ 50,656,668
Investment Income from prior yearUSD $ 1,127,529
Investment Income from current yearUSD $ 1,396,769
Other Revenue from prior yearUSD $ 1,350,517
Other Revenue from current yearUSD $ 869,672
Gross receipts from all sourcesUSD $ 52,923,109
Net assets / fund balances at end of fiscal yearUSD $ 49,048,421
Net assets / fund balances at beginning of fiscal yearUSD $ 46,133,384
Total liabilities at end of fiscal yearUSD $ 48,791,472
Total liabilities at beginning of fiscal yearUSD $ 43,599,548
Total assets at end of fiscal yearUSD $ 97,839,893
Total assets at beginning of fiscal yearUSD $ 89,732,932
Revenues less expenses for current yearUSD $ -15,659,966
Revenues less expenses for previous yearUSD $ -5,738,107
Total expenses for current yearUSD $ 68,583,075
Total expenses for previous yearUSD $ 61,139,710
Other expenses in current yearUSD $ 19,793,333
Other expenses in previous yearUSD $ 17,590,161
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 34,911,742
Employee salary and benefits paid in previous yearUSD $ 32,426,000
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 13,878,000
Grants and similar amounts paid in previous yearUSD $ 11,123,549
Total revenue in current fiscal yearUSD $ 52,923,109
Total revenue in previous fiscal yearUSD $ 55,401,603
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 869,672
2018-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 196,585
Program Service Revenue from prior yearUSD $ 48,043,190
Program Service Revenue from current yearUSD $ 52,923,557
Investment Income from prior yearUSD $ 360,505
Investment Income from current yearUSD $ 1,127,529
Other Revenue from prior yearUSD $ 981,899
Other Revenue from current yearUSD $ 1,350,517
Gross receipts from all sourcesUSD $ 55,401,603
Net assets / fund balances at end of fiscal yearUSD $ 46,133,384
Net assets / fund balances at beginning of fiscal yearUSD $ 32,589,150
Total liabilities at end of fiscal yearUSD $ 43,599,548
Total liabilities at beginning of fiscal yearUSD $ 57,097,050
Total assets at end of fiscal yearUSD $ 89,732,932
Total assets at beginning of fiscal yearUSD $ 89,686,200
Revenues less expenses for current yearUSD $ -5,738,107
Revenues less expenses for previous yearUSD $ -6,959,642
Total expenses for current yearUSD $ 61,139,710
Total expenses for previous yearUSD $ 56,345,236
Other expenses in current yearUSD $ 17,590,161
Other expenses in previous yearUSD $ 15,873,290
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 32,426,000
Employee salary and benefits paid in previous yearUSD $ 30,091,946
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 11,123,549
Grants and similar amounts paid in previous yearUSD $ 10,380,000
Total revenue in current fiscal yearUSD $ 55,401,603
Total revenue in previous fiscal yearUSD $ 49,385,594
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 1,350,517
2017-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 49,115,386
Program Service Revenue from current yearUSD $ 48,043,190
Investment Income from prior yearUSD $ 203,698
Investment Income from current yearUSD $ 360,505
Other Revenue from prior yearUSD $ 1,998,439
Other Revenue from current yearUSD $ 981,899
Gross receipts from all sourcesUSD $ 49,385,594
Net assets / fund balances at end of fiscal yearUSD $ 32,589,150
Net assets / fund balances at beginning of fiscal yearUSD $ 38,086,292
Total liabilities at end of fiscal yearUSD $ 57,097,050
Total liabilities at beginning of fiscal yearUSD $ 51,449,477
Total assets at end of fiscal yearUSD $ 89,686,200
Total assets at beginning of fiscal yearUSD $ 89,535,769
Revenues less expenses for current yearUSD $ -6,959,642
Revenues less expenses for previous yearUSD $ -2,828,815
Total expenses for current yearUSD $ 56,345,236
Total expenses for previous yearUSD $ 54,146,338
Other expenses in current yearUSD $ 15,873,290
Other expenses in previous yearUSD $ 17,710,639
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 30,091,946
Employee salary and benefits paid in previous yearUSD $ 28,655,699
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 10,380,000
Grants and similar amounts paid in previous yearUSD $ 7,780,000
Total revenue in current fiscal yearUSD $ 49,385,594
Total revenue in previous fiscal yearUSD $ 51,317,523
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Gross income from fundraising eventsUSD $ 0
Cost of goods soldUSD $ 0
Gross income from gamingUSD $ 0
Gross sales of inventory assetsUSD $ 0
Total of other revenueUSD $ 981,899
2016-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 52,341,811
Program Service Revenue from current yearUSD $ 49,115,386
Investment Income from prior yearUSD $ 260,191
Investment Income from current yearUSD $ 203,698
Other Revenue from prior yearUSD $ 3,073,711
Other Revenue from current yearUSD $ 1,998,439
Gross receipts from all sourcesUSD $ 51,317,523
Net assets / fund balances at end of fiscal yearUSD $ 38,086,292
Net assets / fund balances at beginning of fiscal yearUSD $ 37,930,407
Total liabilities at end of fiscal yearUSD $ 51,449,477
Total liabilities at beginning of fiscal yearUSD $ 46,745,832
Total assets at end of fiscal yearUSD $ 89,535,769
Total assets at beginning of fiscal yearUSD $ 84,676,239
Revenues less expenses for current yearUSD $ -2,828,815
Revenues less expenses for previous yearUSD $ 2,966,126
Total expenses for current yearUSD $ 54,146,338
Total expenses for previous yearUSD $ 52,709,587
Other expenses in current yearUSD $ 17,710,639
Other expenses in previous yearUSD $ 17,404,055
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 28,655,699
Employee salary and benefits paid in previous yearUSD $ 27,726,532
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 7,780,000
Grants and similar amounts paid in previous yearUSD $ 7,579,000
Total revenue in current fiscal yearUSD $ 51,317,523
Total revenue in previous fiscal yearUSD $ 55,675,713
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Gross income from fundraising eventsUSD $ 0
Cost of goods soldUSD $ 0
Gross income from gamingUSD $ 0
Gross sales of inventory assetsUSD $ 0
Total of other revenueUSD $ 1,998,439
2015-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 43,192,855
Program Service Revenue from current yearUSD $ 52,341,811
Investment Income from prior yearUSD $ 151,895
Investment Income from current yearUSD $ 260,191
Other Revenue from prior yearUSD $ 1,144,534
Other Revenue from current yearUSD $ 3,073,711
Gross receipts from all sourcesUSD $ 55,675,713
Net assets / fund balances at end of fiscal yearUSD $ 37,930,407
Net assets / fund balances at beginning of fiscal yearUSD $ 34,996,691
Total liabilities at end of fiscal yearUSD $ 46,745,832
Total liabilities at beginning of fiscal yearUSD $ 36,743,900
Total assets at end of fiscal yearUSD $ 84,676,239
Total assets at beginning of fiscal yearUSD $ 71,740,591
Revenues less expenses for current yearUSD $ 2,966,126
Revenues less expenses for previous yearUSD $ -1,302,105
Total expenses for current yearUSD $ 52,709,587
Total expenses for previous yearUSD $ 45,791,389
Other expenses in current yearUSD $ 17,404,055
Other expenses in previous yearUSD $ 15,393,453
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 27,726,532
Employee salary and benefits paid in previous yearUSD $ 24,265,436
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 7,579,000
Grants and similar amounts paid in previous yearUSD $ 6,132,500
Total revenue in current fiscal yearUSD $ 55,675,713
Total revenue in previous fiscal yearUSD $ 44,489,284
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 3,073,711
2014-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 34,480,172
Program Service Revenue from current yearUSD $ 43,192,855
Investment Income from prior yearUSD $ 270,891
Investment Income from current yearUSD $ 151,895
Other Revenue from prior yearUSD $ 947,632
Other Revenue from current yearUSD $ 1,144,534
Gross receipts from all sourcesUSD $ 44,489,284
Net assets / fund balances at end of fiscal yearUSD $ 34,996,691
Net assets / fund balances at beginning of fiscal yearUSD $ 33,334,513
Total liabilities at end of fiscal yearUSD $ 36,743,900
Total liabilities at beginning of fiscal yearUSD $ 28,003,892
Total assets at end of fiscal yearUSD $ 71,740,591
Total assets at beginning of fiscal yearUSD $ 61,338,405
Revenues less expenses for current yearUSD $ -1,302,105
Revenues less expenses for previous yearUSD $ -5,119,516
Total expenses for current yearUSD $ 45,791,389
Total expenses for previous yearUSD $ 40,865,086
Other expenses in current yearUSD $ 15,393,453
Other expenses in previous yearUSD $ 16,251,704
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 24,265,436
Employee salary and benefits paid in previous yearUSD $ 21,795,672
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 6,132,500
Grants and similar amounts paid in previous yearUSD $ 2,817,710
Total revenue in current fiscal yearUSD $ 44,489,284
Total revenue in previous fiscal yearUSD $ 35,745,570
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 46,875
Total of other revenueUSD $ 1,144,534

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 363490231

USA Mailing Address
10 S. RIVERSIDE PLAZA, STE 1700
CHICAGO
IL
606063913
Date first seen: 2010-07-07
Date last seen: 2018-05-22
USA Mailing Address
10 S RIVERSIDE PLAZA SUITE 1700
CHICAGO
IL
606063801
Date first seen: 2015-09-15
Date last seen: 2026-02-24
USA Mailing Address
10 S. RIVERSIDE PLAZA, SUITE 1700
CHICAGO
IL
60606
Date first seen: 2007-01-01
Date last seen: 2026-02-28
USA Mailing Address
540 W. MADISON ST, SUITE 1900
CHICAGO
IL
60606
Date first seen: 2007-01-01
Date last seen: 2026-07-24
USA Mailing Address
540 W. MADISON ST., SUITE 1900
CHICAGO
IL
60661
Date first seen: 2008-01-01
Date last seen: 2026-07-25

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The following companies are located in the same ZIP code areas:

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