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Organizations National Equity Fund Inc.

National Equity Fund Inc.

Fiscal year ending 2022. Filed on November 14, 2023.

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 2022 IRS Form 990 filing, National Equity Fund Inc., a 501(c)(4) civic league or social welfare organization, reported compensation for 18 out of 253 total employees. Among the employees shown here, the average compensation is $751,822. The highest compensated employee at National Equity Fund Inc. is Todd Fabian with fiscal year 2022 compensation of $1,671,745.

Revenue, expenses, and employee compensation

Revenue

$58,767,848

Expenses

$82,608,491

Employee compensation

$46,619,002
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Todd Fabian
Managing Director - WEST Region
$1,671,745
$921,724 No related comp$750,021
Rachel Rhodes
Managing Director - Central Region
$1,421,606
$806,545 No related comp$615,061
Matthew Reilein
President and CEO (AND Director)
$1,028,462
$963,963 No related comp$64,499
Emily Chen
Managing Director - EAST Region
$919,963
$518,253 No related comp$401,710
Deborah Burkart
Managing Director-Sptve Hsing and SPL PROJ
$828,035
$528,014 No related comp$300,021
Alex Denja
Senior Vice President, COO, CFO
$798,515
$735,910 No related comp$62,605
Mark Siranovic
Senior Vice President Multi-Investor FUND Markets
$721,580
$661,733 No related comp$59,847
Judy Schneider
Senior Vice President, Chief RISK Officer, ASST SEC
$711,441
$672,368 No related comp$39,073
Reena Bramblett
Senior Vice President and Proprietary FUND Markets
$692,963
$637,721 No related comp$55,242
Lisa Glover
Vice Chair and Director
$666,261
$0 $630,073 $36,188
Peter Harrison
Senior Vice President Asset Management
$665,645
$606,662 No related comp$58,983
Michael Jacobs
Senior Vice President Originations (Outgoing)
$650,008
$610,139 No related comp$39,869

Benchmark Employee Compensation

Non-Employee Board Members

Helen Dunlap
Director
$134,050
$11,000 $123,050 No other comp
John Lindell
Director
$18,000
$18,000 No related compNo other comp
Edward Sigler
Chair and Director
$16,000
$16,000 No related compNo other comp
Eldridge Edgecombe
Director
$15,000
$15,000 No related compNo other comp
Jane Graf
Director
$14,000
$14,000 No related compNo other comp
Gary Rozier
Director
$10,000
$10,000 No related compNo other comp
Andrew Ditton
Director
$4,500
$4,500 No related compNo other comp
Vicky Arroyo
Director
$4,000
$4,000 No related compNo other comp
Patrick Nash
Director
No compensation reported
Robert Mantle
Director
No compensation reported
Keith Burgess
Outgoing Director
No compensation reported
Kristen Switzer
Director
No compensation reported

Contractors

Novogradac & Company LLP
Audit and Tax
$2,380,557
Holland & Knight LLP
Legal
$1,778,548
Barnes & Thornburg LLP
Legal
$1,477,548
Kraus Lam LLC
Legal
$1,423,500
Cohnreznick LLP
Audit and Tax
$964,327

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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