Nonprofit · EIN 36-4229337
NEF COMMUNITY INVESTMENTS INC
Tax-exempt · CHICAGO, IL 60661
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $80,447,261 | $70,363,078 | $10,084,183 | $65,095,185 | $1,176,765 | $63,918,420 |
| December 31, 2023 | 990 | $72,605,707 | $64,910,205 | $7,695,502 | $60,693,429 | $1,259,192 | $59,434,237 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $80,015,522
- Investment income
- $431,739
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $12,932
- Accounting fees
- $49,492
- Program services (functional)
- $57,292,669
- Management and general (functional)
- $13,070,409
Balance sheet and other
- Total assets, start of year
- $60,693,429
- Total assets, end of year
- $65,095,185
- Total liabilities, end of year
- $1,176,765
- Net assets, end of year
- $63,918,420
- Net assets without donor restrictions
- $63,918,420
- Gross receipts
- $80,447,261
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1998
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MATTHEW REILEIN | PRESIDENT & CEO (& DIRECTOR) Trustee or director, Officer | 18 | $0 | $1,177,767 | $380,064 |
| ALEX DENJA | SVP, COO, CFO Officer | 18 | $0 | $822,313 | $198,773 |
| REENA BRAMBLETT | SVP (AND DIRECTOR) Trustee or director, Officer | 18 | $0 | $756,328 | $124,822 |
| JUDY SCHNEIDER | SVP & ASST SEC. (& OUTGOING DIRCTOR) Trustee or director, Officer | 18 | $0 | $689,613 | $142,493 |
| MARK SIRANOVIC | SVP (AND DIRECTOR) Trustee or director, Officer | 18 | $0 | $676,909 | $141,542 |
| PETER HARRISON | SVP Officer | 18 | $0 | $625,598 | $150,374 |
| KEVIN D BOES | FORMER SVP Former | 0 | $0 | $407,646 | $237,893 |
| MICHAEL ROGERS | SVP & SECRETARY Officer | 18 | $0 | $539,756 | $62,191 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MATTHEW REILEIN | PRESIDENT & CEO (& DIRECTO Trustee or director, Officer | 18 | $0 | $1,003,040 | $330,219 |
| ALEX DENJA | SVP, COO, CFO Officer | 18 | $0 | $774,334 | $173,843 |
| JUDY SCHNEIDER | SVP & ASST SEC. (& DIRECTO Trustee or director, Officer | 18 | $0 | $691,752 | $124,470 |
| MARK SIRANOVIC | SVP (AND DIRECTOR) Trustee or director, Officer | 18 | $0 | $680,821 | $125,706 |
| REENA BRAMBLETT | SVP Officer | 18 | $0 | $682,508 | $113,451 |
| PETER HARRISON | SVP Officer | 18 | $0 | $626,774 | $137,993 |
| KEVIN D BOES | FORMER SVP Former | 0 | $0 | $584,167 | $63,844 |
| MICHAEL ROGERS | SVP & SECRETARY Officer | 18 | $0 | $543,917 | $58,490 |
| KAREN PRZYPYSZNY | FORMER SVP Former | 0 | $0 | $453,175 | $57,523 |
Address and contacts
- Address (IRS master file)
- 540 W MADISON ST STE 1900, CHICAGO, IL 60661-2551
- In care of
- % ALEX DENJA
- Principal officer (990 for 2024)
- MATTHEW REILEIN, 540 W MADISON ST SUITE 1900, CHICAGO, IL 60661
- Signed the 990
- ALEX DENJA, SVP, COO, CFO
- Phone
- (312) 360-0400
- Return prepared by
- COHNREZNICK ADVISORY LLC
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.
Program accomplishments
- NEF COMMUNITY INVESTMENTS, INC. SERVES AS THE GENERAL PARTNER OR MANAGING MEMBER AND SERVES AS THE SOLE MEMBER OF LIMITED LIABILITY COMPANIES WHICH SERVE AS THE GENERAL PARTNER AND MANAGING MEMBER OF INVESTOR LIMITED PARTNERSHIPS AND LIMITED LIABILITY COMPANIES THAT (1) ACQUIRE LIMITED PARTNER OR NON-MANAGING MEMBER INTERESTS IN PROJECT PARTNERSHIPS OR PROJECT LIMITED LIABILITY COMPANIES THAT ACQUIRE, OWN, CONSTRUCT, REHABILITATE AND OPERATE LOW-INCOME HOUSING PROJECTS AND (2) PROVIDE FINANCING FOR THE DEVELOPMENT AND PRESERVATION OF HOUSING AFFORDABLE TO LOW- AND MODERATE-INCOME INDIVIDUALS AND FAMILIES. IN ADDITION, NEF COMMUNITY INVESTMENTS, INC. PROVIDES AND FACILITATES ASSET MANAGEMENT SERVICES TO SUPPORT SUCH INVESTMENTS IN LOW-INCOME HOUSING PROJECTS.Expenses $57,292,669 · revenue $80,208,330
- NEF COMMUNITY INVESTMENTS, INC. SERVES AS THE SOLE MEMBER OF NEF PERMANENT LENDING LLC WHICH SERVES AS A MEMBER OF CPC MORTGAGE COMPANY LLC, A JOINT VENTURE WITH AFFILIATES OF THE COMMUNITY PRESERVATION CORPORATION, A NEW YORK NOT-FOR-PROFIT CORPORATION, AND CINNAIRE CORPORATION, A MICHIGAN NOT-FOR-PROFIT CORPORATION, PROVIDING GSE AND AGENCY FINANCING FOR THE DEVELOPMENT OF HOUSING AFFORDABLE TO LOW- AND MODERATE-INCOME INDIVIDUALS AND FAMILIES IN ORDER TO PRESERVE AND REHABILITATE NEIGHBORHOODS EXPERIENCING DETERIORATION AND DISINVESTMENT.revenue $83,525
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 36-4229337
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2005
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $65,095,185
- Income (IRS master file)
- $80,447,261
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $80,447,261 | $70,363,078 | $65,095,185 | XML |
| 990 | December 2023 | $72,605,707 | $64,910,205 | $60,693,429 | XML |
| 990 | December 2022 | $69,815,195 | $44,836,410 | $59,322,474 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 36-4229337).
Questions about NEF COMMUNITY INVESTMENTS INC
- What is the EIN of NEF COMMUNITY INVESTMENTS INC?
- The employer identification number (EIN) of NEF COMMUNITY INVESTMENTS INC is 36-4229337.
- Is NEF COMMUNITY INVESTMENTS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2005.
- Are donations to NEF COMMUNITY INVESTMENTS INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NEF COMMUNITY INVESTMENTS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEF COMMUNITY INVESTMENTS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEF COMMUNITY INVESTMENTS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NEF COMMUNITY INVESTMENTS INC?
- The 990 for the year ended December 31, 2024 names MATTHEW REILEIN.
- Who are the officers and directors of NEF COMMUNITY INVESTMENTS INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does NEF COMMUNITY INVESTMENTS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $80,447,261, expenses of $70,363,078 and total assets of $65,095,185 at year end.
Other nonprofits in CHICAGO
- ALL CHICAGO MAKING HOMELESSNESS HISTORY EIN 36-4272272 · last filed 990 for 2024
- RESURRECTION PROJECT EIN 36-3576073 · last filed 990 for 2024
- CENTER FOR HOUSING AND HEALTH EIN 26-4287202 · last filed 990 for 2025
- CHICAGO LOW INCOME HOUSING TRUST FUND EIN 36-3718992 · last filed 990 for 2024
- COMMUNITY INVESTMENT CORP EIN 36-2780862 · last filed 990 for 2025
- FULL CIRCLE COMMUNITIES INC EIN 36-4382850 · last filed 990 for 2024
- EUROPEAN AMERICAN ASSOCIATION EIN 36-3745071 · last filed 990 for 2025
- LESTER AND ROSALIE ANIXTER CENTER EIN 36-2244895 · last filed 990 for 2025