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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 2018. Filed on November 14, 2019.

10 S Riverside Plaza Suite 1700
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 2018 IRS Form 990 filing, National Equity Fund Inc., a 501(c)(4) civic league or social welfare organization, reported compensation for 18 out of 202 total employees. Among the employees shown here, the average compensation is $505,105. The highest compensated employee at National Equity Fund Inc. is Todd Fabian with fiscal year 2018 compensation of $1,027,429.

Revenue, expenses, and employee compensation

Revenue

$55,401,603

Expenses

$61,139,710

Employee compensation

$32,426,000
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Todd Fabian
Vp/Regional Manager
$1,027,429
$417,854 No related comp$609,575
Joseph Hagan
President and CEO (AND Director)
$926,071
$703,938 No related comp$222,133
Maurice Jones
Vice Chair and Director
$635,596
$0 $572,005 $63,591
Alex Denja
Senior Vice President, COO, CFO and Treasurer
$562,389
$509,410 No related comp$52,979
Michael Jacobs
Senior Vice President Originations
$550,801
$497,722 No related comp$53,079
Judy Schneider
Senior Vice President, Chief RISK Officer, ASST SEC
$546,866
$495,548 No related comp$51,318
Mark Siranovic
Senior Vice President Mlti-Inv FND Mkts&Asst TRS
$534,330
$481,826 No related comp$52,504
Kevin Boes
Senior Vice President
$524,229
$466,620 No related comp$57,609
Karen Przypyszny
Managing Director Special Initiatives
$515,928
$469,201 No related comp$46,727
Peter Harrison
Senior Vice President Asset Management
$489,876
$437,948 No related comp$51,928
Michael Rogers
Senior Vice President GEN Counsel and Secretary
$464,301
$415,448 No related comp$48,853
Ed Simon
Senior Vice President and Chief Information Officer
$462,515
$412,695 No related comp$49,820

Benchmark Employee Compensation

Non-Employee Board Members

Helen Dunlap
Director
$40,282
$11,000 $29,282 No other comp
Eldridge Edgecombe
Director
$15,000
$15,000 No related compNo other comp
John Lindell
Director
$15,000
$15,000 No related compNo other comp
Edward Sigler
Chair and Director
$15,000
$15,000 No related compNo other comp
Keith Burgess
Director
$14,000
$14,000 No related compNo other comp
Michael May
Director
$12,000
$12,000 No related compNo other comp
Andrew Ditton
Director
$5,500
$5,500 No related compNo other comp
Patrick Nash
Director
$5,000
$5,000 No related compNo other comp
Kristen Switzer
Director
No compensation reported
Jane Graf
Director
No compensation reported
Sindy Spivak
Director
No compensation reported
Robert Mantle
Director
No compensation reported

Contractors

Novogradic & Company LLP
Audit and Tax
$2,070,924
Kraus Lam LLC
Legal
$2,017,060
Barnes & Thornburg LLP
Legal
$1,806,618
Sparta Advisors LLC
Consulting
$1,428,356
Cohnreznick LLP
Audit and Tax
$1,322,480

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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