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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 2016. Filed on November 13, 2017.

10 S Riverside Plaza Suite Ste 170
Chicago, Illinois 60606

National Equity Fund Inc. (EIN: 36-3490231) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2016 IRS Form 990 filing, National Equity Fund Inc., a 501(c)(4) civic league or social welfare organization, reported compensation for 20 out of 184 total employees. Among the employees shown here, the average compensation is $448,788. The highest compensated employee at National Equity Fund Inc. is Rachel Rhodes with fiscal year 2016 compensation of $865,215.

Revenue, expenses, and employee compensation

Revenue

$51,317,523

Expenses

$54,146,338

Employee compensation

$28,655,699
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Rachel Rhodes
Vice President
$865,215
$498,965 No related comp$366,250
Joseph Hagan
President and Chief Executive Officer
$832,993
$613,276 No related comp$219,717
Todd Fabian
Vice President
$670,832
$384,354 No related comp$286,478
Anthony Lyons
Vice President
$597,050
$349,628 No related comp$247,422
Michael Rubinger
Vice Chair
$502,541
$0 $457,937 $44,604
Michael Jacobs
Senior Vice President Originations
$493,821
$442,419 No related comp$51,402
Mark Siranovic
Senior Vice President Multi-Investor Fund Market
$490,395
$439,514 No related comp$50,881
Karen Przypyszny
Senior Vice President Proprietary Fund Markets
$490,060
$442,268 No related comp$47,792
Judy Schneider
Chief Risk Officer
$472,340
$422,651 No related comp$49,689
Kevin Boes
Senior Vice President
$455,689
$401,146 No related comp$54,543
Alex Denja
Senior Vice President, Treasurer and CFO
$444,260
$395,936 No related comp$48,324
Peter Harrison
Senior Vice President Asset Management
$434,452
$384,165 No related comp$50,287

Benchmark Employee Compensation

Non-Employee Board Members

Eldridge Edgecombe
Director
$16,000
$16,000 No related compNo other comp
John Lindell
Director
$16,000
$16,000 No related compNo other comp
Larry Dale
Chair
$13,000
$13,000 No related compNo other comp
Patrick Nash
Director
$12,000
$12,000 No related compNo other comp
Michael May
Director
$11,000
$11,000 No related compNo other comp
Herbert Morse
Director
$7,000
$7,000 No related compNo other comp
Andrew Ditton
Director
$5,000
$5,000 No related compNo other comp
Robert Mantle
Director
No compensation reported
Sindy Spivak
Director
No compensation reported
Jane Graf
Director
No compensation reported
Kristen Switzer
Director
No compensation reported
Edward Sigler
Director
No compensation reported

Contractors

Holland and Knight LLP
Legal
$2,752,881
Novogradic Company LLP
Audit and Tax
$1,822,433
Barnes Thornburg LLP
Legal
$1,599,652
Sparta Advisors LLC
Consulting
$1,386,343
Kpmg LLP
Audit and Tax
$1,294,519

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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