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Organizations National Equity Fund Inc.

National Equity Fund Inc.

Fiscal year ending 2020. Filed on November 12, 2021.

10 S Riverside Plaza Suite 1700
M-313
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 2020 IRS Form 990 filing, National Equity Fund Inc., a 501(c)(4) civic league or social welfare organization, reported compensation for 20 out of 204 total employees. Among the employees shown here, the average compensation is $606,976. The highest compensated employee at National Equity Fund Inc. is Todd Fabian with fiscal year 2020 compensation of $1,076,156.

Revenue, expenses, and employee compensation

Revenue

$63,282,557

Expenses

$70,825,279

Employee compensation

$37,728,818
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Todd Fabian
Vp/Regional Manager
$1,076,156
$605,905 No related comp$470,251
Rachel Rhodes
Vp/Regional Manager
$1,050,766
$530,515 No related comp$520,251
Deborah Burkart
National Vice President Supportive Housing
$802,671
$507,420 No related comp$295,251
Emily Chen
Vp/Regional Manager
$789,912
$493,832 No related comp$296,080
Maurice Jones
Vice Chair and Director
$757,229
$0 $692,957 $64,272
Matthew Reilein
President and CEO (AND Director)
$744,163
$691,942 No related comp$52,221
Alex Denja
Senior Vice President, COO, CFO
$703,435
$646,515 No related comp$56,920
Judy Schneider
Senior Vice President, Chief RISK Officer, ASST SEC
$635,088
$596,356 No related comp$38,732
Mark Siranovic
Senior Vice President Multi-Investor FUND Markets
$614,708
$560,625 No related comp$54,083
Michael Jacobs
Senior Vice President Originations
$601,644
$559,651 No related comp$41,993
Kevin Boes
Former Senior Vice President
$599,392
$539,662 No related comp$59,730
Peter Harrison
Senior Vice President Asset Management
$583,965
$530,150 No related comp$53,815

Benchmark Employee Compensation

Non-Employee Board Members

John Lindell
Director
$17,000
$17,000 No related compNo other comp
Eldridge Edgecombe
Director
$15,000
$15,000 No related compNo other comp
Edward Sigler
Chair and 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
$6,000
$6,000 No related compNo other comp
Gary Rozier
Director
$5,000
$5,000 No related compNo other comp
Jane Graf
Director
$5,000
$5,000 No related compNo other comp
Patrick Nash
Director
$1,000
$1,000 No related compNo other comp
Sindy Spivak
Director
No compensation reported
Kristen Switzer
Director
No compensation reported
Robert Mantle
Director
No compensation reported
Keith Burgess
Director
No compensation reported

Contractors

Barnes & Thornburg LLP
Legal
$2,752,482
Novogradac & Company LLP
Audit and Tax
$2,203,507
Sparta Advisors LLC
Consulting
$1,883,774
Kraus Lam LLC
Legal
$1,687,350
Cohnreznick LLP
Audit and Tax
$1,300,373

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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