Public Charity

NEF COMMUNITY INVESTMENTS INC

NEF COMMUNITY INVESTMENTS INC is a Public Charity headquartered in CHICAGO, IL. Financial data from the 2024 filing: $80.4M revenue, $70.4M expenses, $65.1M total assets. IRS filings disclose 1 grants awarded by this foundation, totaling roughly $527K.

EIN: 364229337 CHICAGO, IL Housing Development, Construction & Management NTEE: L20 Latest filing: 2024
Total Revenue$80.4M
Total Expenses$70.4M
Total Assets$65.1M
Grants Given1
Grant Total$527K
Filing Years2019–2024

Mission

NEF COMMUNITY INVESTMENTS, INC. ASSISTS NATIONAL EQUITY FUND, INC. IN THE DEVELOPMENT AND PRESERVATION OF HIGH-QUALITY LOW-INCOME RENTAL HOUSING BY ESTABLISHING AND MANAGING INVESTMENT FUNDS THAT ATTRACT CAPITAL FOR INVESTMENT IN HOUSING PROJECTS QUALIFYING FOR LOW-INCOME HOUSING TAX CREDITS AND CONDUCTING RELATED ACTIVITIES.

Where $100 goes at Nef Community Investments Inc

How Nef Community Investments Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$83 Programs the work itself
$17 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $83 for programs

$42
Nef Community Investments, inc
50% of program spending
$41
Nef Community Investments, inc
About 50% (cost not reported)
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Given

CHICAGO, IL · 2022
SUPPORT THE NEXT GENERATION OF EMERGING BLACK, INDIGENOUS, AND PEOPLE OF COLOR (BIPOC) DEVELOPERS IN THE AFFORDABLE HOUSING INDUSTRY.
$526,535

Showing up to 5 of 1 total records — full history available with membership.

Officers & Directors

SVP, COO, CFO Alex Denja
SVP & ASST SEC. (& OUTGOING DIRCTOR) Judy Schneider
FORMER SVP Kevin D Boes
SVP (AND DIRECTOR) Mark Siranovic
PRESIDENT & CEO (& DIRECTOR) Matthew Reilein
SVP & SECRETARY Michael Rogers

Officer compensation and complete director data available with membership.

Top Grant Purposes

Housing & Homelessness
$526,535 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $80.4M $70.4M $65.1M
2023 $72.6M $64.9M $60.7M
2022 $69.8M $44.8M $59.3M
2020 $54.8M $42.5M $35.9M
2019 $50.7M $31.8M $37.1M

Between 2019 and 2024, reported annual revenue grew from $50.7M to $80.4M (+59%), with total assets most recently reported at $65.1M.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in IL.

IL

Full geographic grant map with state-by-state breakdown available with membership.

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