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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 2019. Filed on November 12, 2020.

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 2019 IRS Form 990 filing, National Equity Fund Inc., a 501(c)(4) civic league or social welfare organization, reported compensation for 20 out of 199 total employees. Among the employees shown here, the average compensation is $617,362. The highest compensated employee at National Equity Fund Inc. is Joseph Hagan with fiscal year 2019 compensation of $1,783,009.

Revenue, expenses, and employee compensation

Revenue

$52,923,109

Expenses

$68,583,075

Employee compensation

$34,911,742
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Joseph Hagan
President Emeritus
$1,783,009
$1,426,968 No related comp$356,041
Todd Fabian
Vp/Regional Manager
$1,208,393
$739,427 No related comp$468,966
Rachel Rhodes
Vp/Regional Manager
$979,766
$585,800 No related comp$393,966
Maurice Jones
Vice Chair and Director
$696,728
$0 $629,150 $67,578
Anthony Lyons
Vp/Relationship Manager
$680,339
$426,334 No related comp$254,005
Kristen Senff
Vp/Originations
$649,374
$432,637 No related comp$216,737
Alex Denja
Senior Vice President, COO, CFO
$594,635
$540,463 No related comp$54,172
Michael Jacobs
Senior Vice President Originations
$573,864
$520,505 No related comp$53,359
Judy Schneider
Senior Vice President, Chief RISK Officer, A
$570,241
$518,346 No related comp$51,895
Mark Siranovic
Senior Vice President Mlti-Inv FND MKTS
$557,031
$504,251 No related comp$52,780
Peter Harrison
Senior Vice President Asset Management
$512,506
$460,306 No related comp$52,200
Kevin Boes
Senior Vice President
$493,640
$434,999 No related comp$58,641

Benchmark Employee Compensation

Non-Employee Board Members

Helen Dunlap
Director
$80,559
$10,000 $70,559 No other comp
Edward Sigler
Chair and Director
$17,000
$17,000 No related compNo other comp
John Lindell
Director
$16,000
$16,000 No related compNo other comp
Michael May
Director
$15,000
$15,000 No related compNo other comp
Eldridge Edgecombe
Director
$14,000
$14,000 No related compNo other comp
Keith Burgess
Director
$9,000
$9,000 No related compNo other comp
Andrew Ditton
Director
$5,000
$5,000 No related compNo other comp
Patrick Nash
Director
$3,000
$3,000 No related compNo other comp
Jane Graf
Director
No compensation reported
Sindy Spivak
Director
No compensation reported
Robert Mantle
Director
No compensation reported
Kristen Switzer
Director
No compensation reported

Contractors

Novogradac & Company LLP
Audit and Tax
$2,056,287
Barnes & Thornburg LLP
Legal
$1,964,168
Kraus Lam LLC
Legal
$1,847,560
Sparta Advisors LLC
Consulting
$1,449,997
Cohnreznick LLP
Audit and Tax
$1,048,671

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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