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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations National Equity Fund Inc.

National Equity Fund Inc.

Fiscal year ending 2024. Filed on November 12, 2025.

540 W Madison St Suite 1900
Chicago, Illinois 60661

National Equity Fund Inc. (EIN: 36-3490231) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, National Equity Fund Inc., a 501(c)(4) civic league or social welfare organization, reported compensation for 19 out of 247 total employees. Among the employees shown here, the average compensation is $788,193. The highest compensated employee at National Equity Fund Inc. is Matthew Reilein with fiscal year 2024 compensation of $1,557,831.

Revenue, expenses, and employee compensation

Revenue

$85,480,265

Expenses

$93,522,251

Employee compensation

$53,468,332
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Matthew Reilein
President and CEO (AND Director)
$1,557,831
$1,177,767 No related comp$380,064
Todd Fabian
Managing Director - WEST Region
$1,244,046
$647,858 No related comp$596,188
Kristen Senff
Managing Director - Central Region
$1,088,216
$641,820 No related comp$446,396
Rachel Rhodes
Senior Vice President, Lihtc Production
$1,026,232
$683,183 No related comp$343,049
Alex Denja
Senior Vice President, COO, CFO
$1,021,086
$822,313 No related comp$198,773
Emily Chen
Managing Director - EAST Region
$909,669
$564,136 No related comp$345,533
Reena Bramblett
Senior Vice President, Chief of Production
$881,150
$756,328 No related comp$124,822
Michael Pugh
VICE Chairman (AND Director)
$857,480
$0 $688,920 $168,560
Judy Schneider
Senior Vice President, Chief Credit and RISK Officer
$832,106
$689,613 No related comp$142,493
Mark Siranovic
Senior Vice President, Capital Markets
$818,451
$676,909 No related comp$141,542
Peter Harrison
Senior Vice President, Asset Management
$775,972
$625,598 No related comp$150,374
Jaclyn Jackson
Senior Vice President, Chief Administrative Officer
$698,951
$532,385 No related comp$166,566

Benchmark Employee Compensation

Non-Employee Board Members

Lisa Glover
Director
$98,802
$7,000 $85,788 $6,014
Edward Sigler
Director
$17,000
$17,000 No related compNo other comp
Vicky Arroyo
Director
$16,000
$16,000 No related compNo other comp
Al Morisato
Director
$14,000
$14,000 No related compNo other comp
Violet Clarke
Director
$14,000
$14,000 No related compNo other comp
Eldridge Edgecombe
Director
$11,000
$11,000 No related compNo other comp
Jane Graf
Director
$10,000
$10,000 No related compNo other comp
Gary Rozier
Director
$9,000
$9,000 No related compNo other comp
Andrew Ditton
Chairman (AND Director)
$9,000
$9,000 No related compNo other comp
Priya Jayachandran
Director
$8,000
$8,000 No related compNo other comp
Sindy Spivak
Director
No compensation reported
Kristen Switzer
Director
No compensation reported

Contractors

Novogradac & Company LLP
Audit and Tax
$3,245,734
Barnes & Thornburg LLP
Legal
$1,996,497
Holland & Knight LLP
Legal
$1,771,223
Kraus Lam LLC
Legal
$1,699,500
Cohnreznick
Audit and Tax
$1,296,677

Mission Statement

NATIONAL EQUITY FUND'S MISSION IS TO CREATE AND DELIVER INNOVATIVE, COLLABORATIVE FINANCIAL SOLUTIONS TO EXPAND THE CREATION AND PRESERVATION OF AFFORDABLE HOUSING. WE ENVISION A SOCIETY WHERE INCREASED ACCESS TO AFFORDABLE HOUSING EMPOWERS EVERY INDIVIDUAL AND FAMILY TO REACH THEIR FULL POTENTIAL.

Revisions to this organization profile

November 12, 2025:
2024 National Equity Fund Inc. 990 filed
November 14, 2024:
2023 National Equity Fund Inc. 990 filed
November 14, 2023:
2022 National Equity Fund Inc. 990 filed

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