Nef Community Investments Inc
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.
Nef Community Investments Inc at a glance
- Total assets
- $65,095,185
- +7.3% vs 2023
- Revenue (2024)
- $80,447,261
- +10.8% vs 2023
- Net investment income (2024)
- $431,739
- +24.4% vs 2023
- Expenses (2024)
- $70,363,078
- +8.4% vs 2023
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Nef Community Investments Inc funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was in the $500K–1M range: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2022 it made 1 grant totaling $527K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Nef Housing Charities Chicago, IL | Support the next generation of emerging black, indigenous, and people of color (BIPOC) developers in the affordable housing industry. | $526,535 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $65,095,185 | $80,447,261 | $70,363,078 | — | — | $431,739 |
| 2023 | $60,693,429 | $72,605,707 | $64,910,205 | — | — | $346,923 |
| 2022 | $59,322,474 | $69,815,195 | $44,836,410 | $526,535 | 1 | $213,949 |
| 2021 | $49,835,744 | $69,249,511 | $40,656,669 | — | — | $76,358 |
| 2020 | $35,929,405 | $54,814,471 | $42,505,217 | — | — | $29,215 |
About Nef Community Investments Inc
Based on IRS filings
Nef Community Investments Inc is a public charity focused on Housing & Shelter, based in Chicago, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $65.1M in total assets. Net investment income was $432K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Nef Community Investments Inc is led by Matthew Reilein, President & CEO since 2024 (on filings since 2020); none of the 8 officers listed in 2024 report compensation.
Officers on the 2024 filing
Matthew Reilein
President & CEO
President & CEO → President, CEO & Director, 2023
President, CEO & Director → President & CEO, 2024
On filings since 2020
18 hrs/week
No compensation reported
Alex Denja
Senior Vice President, COO & CFO
On filings since 2020
18 hrs/week
No compensation reported
Judy Schneider
Senior Vice President & Assistant Secretary
Senior Vice President & Assistant Secretary → Senior Vice President, Assistant Secretary & Director, 2023
Senior Vice President, Assistant Secretary & Director → Senior Vice President & Assistant Secretary, 2024
On filings since 2020
18 hrs/week
No compensation reported
Kevin D. Boes
Former Senior Vice President
On filings since 2020
No compensation reported
Mark Siranovic
Senior Vice President
On filings since 2020
18 hrs/week
No compensation reported
Michael Rogers
Senior Vice President & Secretary
On filings since 2020
18 hrs/week
No compensation reported
Peter Harrison
Senior Vice President
On filings since 2020
18 hrs/week
No compensation reported
Reena Bramblett
Senior Vice President
On filings since 2020
18 hrs/week
No compensation reported
Former officers (3)
- Former: Karen Przypyszny (2020–2023) — Former Senior Vice President
- Former: Gregory Schuler (2020) — Former Senior Vice President & Assistant Secretary
- Former: Joseph Hagan (2020) — Former President Emeritus
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Nef Community Investments Inc
How large is Nef Community Investments Inc?
Nef Community Investments Inc reported $65.1M in total assets on its 2024 IRS Form 990. Its revenue that year was $80.4M.
What is Nef Community Investments Inc?
Nef Community Investments Inc is a public charity focused on Housing & Shelter, based in Chicago, IL. It holds $65.1M in total assets as of 2024.
Where does Nef Community Investments Inc operate?
Nef Community Investments Inc has awarded grants in Illinois.
What is Nef Community Investments Inc's EIN?
Nef Community Investments Inc's EIN (Employer Identification Number) is 36-4229337. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2022 (received by the IRS November 14, 2023)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Nef Community Investments Inc funds
Housing & Shelter Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Nef Community Investments Inc's focus areas in our free grants database
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