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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 2023. Filed on November 14, 2024.

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 2023 IRS Form 990 filing, National Equity Fund Inc., a 501(c)(4) civic league or social welfare organization, reported compensation for 18 out of 225 total employees. Among the employees shown here, the average compensation is $793,331. The highest compensated employee at National Equity Fund Inc. is Todd Fabian with fiscal year 2023 compensation of $1,394,891.

Revenue, expenses, and employee compensation

Revenue

$85,962,936

Expenses

$90,040,711

Employee compensation

$47,794,735
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Todd Fabian
Managing Director - WEST Region
$1,394,891
$942,408 No related comp$452,483
Matthew Reilein
President and CEO (AND Director)
$1,333,259
$1,003,040 No related comp$330,219
Rachel Rhodes
Senior Vice President, Lihtc Production
$1,295,361
$819,948 No related comp$475,413
Kristen Senff
Managing Director - Central Region
$1,016,480
$558,770 No related comp$457,710
Emily Chen
Managing Director - EAST Region
$968,922
$582,324 No related comp$386,598
Alex Denja
Senior Vice President, COO, CFO
$948,177
$774,334 No related comp$173,843
Judy Schneider
Senior Vice President Chief RISK Officer
$816,222
$691,752 No related comp$124,470
Mark Siranovic
Senior Vice President Investor Relations
$806,527
$680,821 No related comp$125,706
Reena Bramblett
Senior Vice President Equity Placement
$795,959
$682,508 No related comp$113,451
Peter Harrison
Senior Vice President Asset Management
$764,767
$626,774 No related comp$137,993
Lisa Glover
Outgoing VICE Chairman (AND Director)
$728,705
$0 $682,537 $46,168
Kevin Boes
Former Senior Vice President
$648,011
$0 $584,167 $63,844

Benchmark Employee Compensation

Non-Employee Board Members

Michael May
Director
$31,000
$31,000 No related compNo other comp
Edward Sigler
Chairman (AND Director)
$15,000
$15,000 No related compNo other comp
Vicky Arroyo
Director
$13,000
$13,000 No related compNo other comp
Jane Graf
Director
$12,000
$12,000 No related compNo other comp
Eldridge Edgecombe
Director
$10,000
$10,000 No related compNo other comp
Gary Rozier
Director
$6,000
$6,000 No related compNo other comp
Andrew Ditton
Director
$5,000
$5,000 No related compNo other comp
Patrick Nash
Director
No compensation reported
Robert Mantle
Director
No compensation reported
Kristen Switzer
Director
No compensation reported
Sindy Spivak
Director
No compensation reported

Contractors

Novogradac & Company LLP
Audit and Tax
$2,688,430
Barnes & Thornburg LLP
Legal
$2,038,499
Kraus Lam LLC
Legal
$1,797,884
Cohnreznick LLP
Audit and Tax
$1,390,465
Holland & Knight LLP
Legal
$1,278,756

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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