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Illinois · Public charity

National Equity Fund Inc

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.

$17M
Granted FY2024(still arriving)
3
Grants FY2024
3
Organizations funded FY2023
0%
First-time grantees FY2023
Read the full brief
Median grant, FY2024
$40,000
Largest grant, FY2024
$17,400,000
Organizations funded a year
2 to 36
FY2017 to FY2023
States reached, FY2024
3
Total assets, FY2024
$122M

How open it is to new grantees

In FY2023, 0% of the organizations National Equity Fund Inc funded were first-time grantees, receiving 0% of its grant dollars.

New vs renewed · share of each year

In FY2023, 100% of grant dollars renewed an existing relationship; $0 went to new ones.

50%100%’18’19’20’21’22’23
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’18’19’20’21’22’23
Housing & ShelterHuman ServicesPhilanthropyHealthCommunity ImprovementEducationOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.
The numbers by year
Fiscal yearOrganizations fundedTo those organizationsFirst-time grantees
FY2024still arriving3$17M33%
FY20233$18M0%
FY20223$15M33%
FY20218$15M75%
FY202036$15M86%
FY201911$14M82%
FY20187$11M71%
FY20172$10Mn/a
100% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2024.

Community Improvement$103MHousing & Shelter$12MHuman Services$9k

Where its grants go

Grant dollars by states, across the years we hold.

Which US states its grants reach

WA
MN
IL
WI
MI
NY
OR
NV
IN
OH
PA
NJ
CT
RI
CA
CO
AZ
DC
LA
GA
TX

Top grantees

Largest recipients by total granted, FY2017 to FY2024, and the share of each one’s budget the grants supplied at peak.

Show all 55 grantees
All grantees of National Equity Fund Inc by total granted
GranteeTotal grantedYearsShare of their budget
Local Initiatives Support Corporation$114,360,00087%
National Church Residences$100,00010%
Chicago Rehab Network$100,00064%
New Hope Housing Inc$60,00020%
Skid Row Housing Trust$50,00010%
Oregon Corporation for Affordable Housing$50,00013%
Attention Inc$48,50011%
Full Circle Communities Inc$48,50020%
Mercy Housing Inc$46,00010%
Abbey Road Inc$40,00012%
Project for Pride in Living Inc$35,00020%
Presbyterian Seniorcare Foundation$30,00011%
One Roof Chicago$30,000132%
United for Better Living Inc$26,5001n/a
Holos Inc$23,50021%
Nevada Hand Inc Group Return$21,0491n/a
Commons Impact Foundation$20,000110%
Bickerdike Redevelopment Corporation$20,00010%
West Side Federation for Senior and Supportive Housing Inc$18,50020%
Rs Eden$17,50020%
Housing Opportunity Development Corp$10,0001n/a
A Safe Haven Foundation$10,00010%
Project Freedom Inc$10,00010%
La Family Housing Corporation$10,00010%
Alliance Housing Inc$10,00011%
Rupco Inc$10,00010%
Cypress Hills Local Development Corporation$10,00010%
Second Chance Center Inc$10,00010%
Over the Rainbow Association$10,00010%
Mutual Housing Association of Greater Hartford Inc$10,00010%
Hollywood Community Housing Corporation$10,00010%
Path Ventures$8,50010%
Mht Housing Inc$8,50010%
Catholic Charities Housing Services Diocese of Yakima$8,50010%
Native American Connections Inc$8,50010%
Avalon Nonprofit Housing Corporation$8,50010%
Housing Hope$8,5001n/a
Bridge Meadows$8,50010%
Gulf Coast Housing Partnership Inc$8,50010%
Tapestry Development Group Inc$8,50011%
Community Housing Works$8,50010%
Movin Out Inc$8,50010%
Waves Ahead Corp$8,50012%
Episcopal Community Services of San Francisco$8,50010%
Community Services for Every1 Inc$8,50010%
Affordable Housing Solutions$8,50011%
People's Self Help Housing Corp$8,50010%
Allegheny Council to Improve Our Neighborhoods-Housing Incorporated$8,50010%
Omni Development Corporation$8,50010%
St Nicks Alliance Corporation$8,50010%
Plymouth Housing Group and Subsidiaries$8,50010%
Services and Advocacy for Gay Lesbian Bisexual and Transgender Elders Inc$8,50010%
New Pisgah Community Service Organization$7,5001n/a
Supportive Housing Network of New York Inc$7,50010%
Englewood Community Development Corp$7,50010%

Where it is load-bearing

National Equity Fund Inc supplied at least a quarter of the budget for 1 of its grantees at some point. The chart plots its 50 largest grantees; load-bearing ones sit top left.

25%50%75%100%$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetLocal Initiatives Support Corporation: $114,360,000 over 8y, 6.7% of budgetNational Church Residences: $100,000 over 1y, 0.2% of budgetChicago Rehab Network: $100,000 over 6y, 3.7% of budgetNew Hope Housing Inc: $60,000 over 2y, 0.4% of budgetSkid Row Housing Trust: $50,000 over 1y, 0.3% of budgetOregon Corporation for Affordable Housing: $50,000 over 1y, 2.9% of budgetAttention Inc: $48,500 over 1y, 1.3% of budgetFull Circle Communities Inc: $48,500 over 2y, 0.5% of budgetMercy Housing Inc: $46,000 over 1y, 0.2% of budgetAbbey Road Inc: $40,000 over 1y, 1.7% of budgetProject for Pride in Living Inc: $35,000 over 2y, 0.1% of budgetPresbyterian Seniorcare Foundation: $30,000 over 1y, 0.7% of budgetOne Roof Chicago: $30,000 over 1y, 32% of budgetHolos Inc: $23,500 over 2y, 0.7% of budgetCommons Impact Foundation: $20,000 over 1y, 10% of budgetBickerdike Redevelopment Corporation: $20,000 over 1y, 0.4% of budgetWest Side Federation for Senior and Supportive Housing Inc: $18,500 over 2y, 0.0% of budgetRs Eden: $17,500 over 2y, 0.1% of budgetA Safe Haven Foundation: $10,000 over 1y, 0.1% of budgetProject Freedom Inc: $10,000 over 1y, 0.3% of budgetLa Family Housing Corporation: $10,000 over 1y, 0.0% of budgetAlliance Housing Inc: $10,000 over 1y, 0.6% of budgetRupco Inc: $10,000 over 1y, 0.1% of budgetCypress Hills Local Development Corporation: $10,000 over 1y, 0.1% of budgetSecond Chance Center Inc: $10,000 over 1y, 0.2% of budgetOver the Rainbow Association: $10,000 over 1y, 0.5% of budgetMutual Housing Association of Greater Hartford Inc: $10,000 over 1y, 0.1% of budgetHollywood Community Housing Corporation: $10,000 over 1y, 0.2% of budgetPath Ventures: $8,500 over 1y, 0.4% of budgetMht Housing Inc: $8,500 over 1y, 0.1% of budgetCatholic Charities Housing Services Diocese of Yakima: $8,500 over 1y, 0.1% of budgetNative American Connections Inc: $8,500 over 1y, 0.0% of budgetAvalon Nonprofit Housing Corporation: $8,500 over 1y, 0.1% of budgetBridge Meadows: $8,500 over 1y, 0.3% of budgetGulf Coast Housing Partnership Inc: $8,500 over 1y, 0.0% of budgetTapestry Development Group Inc: $8,500 over 1y, 0.9% of budgetCommunity Housing Works: $8,500 over 1y, 0.0% of budgetMovin Out Inc: $8,500 over 1y, 0.3% of budgetWaves Ahead Corp: $8,500 over 1y, 1.9% of budgetEpiscopal Community Services of San Francisco: $8,500 over 1y, 0.0% of budgetCommunity Services for Every1 Inc: $8,500 over 1y, 0.0% of budgetAffordable Housing Solutions: $8,500 over 1y, 0.5% of budgetPeople's Self Help Housing Corp: $8,500 over 1y, 0.1% of budgetAllegheny Council to Improve Our Neighborhoods-Housing Incorporated: $8,500 over 1y, 0.0% of budgetOmni Development Corporation: $8,500 over 1y, 0.2% of budgetSt Nicks Alliance Corporation: $8,500 over 1y, 0.0% of budgetPlymouth Housing Group and Subsidiaries: $8,500 over 1y, 0.0% of budgetServices and Advocacy for Gay Lesbian Bisexual and Transgender Elders Inc: $8,500 over 1y, 0.0% of budget

Tap a dot to name the grantee.

How this is measured
Share of budget is the funder’s grant in a year over the grantee’s total revenue that year, at its highest across the years we hold; revenue is from all sources. Only grantees confirmed against their own filings, whose grants do not exceed their revenue, are plotted: the largest 50.

Nonprofits that may fit its grantmaking

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

Enterprise Community Partners IncMD45.8× affinity22 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: Enterprise Community Partners Inc · THDF II Inc DBA The Home Depot Foundation & Homer Fund · Local Initiatives Support Corporation · Corporation for Supportive Housing · Mufg Union Bank Foundation Ag · The Harry and Jeanette Weinberg Foundation Inc · Neighborhood Reinvestment Corporation · Jpmorgan Chase Foundation · Tides Foundation · Oregon Corporation for Affordable Housing · The Housing Partnership Network Inc · Wells Fargo Foundation

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

Compare National Equity Fund Inc with peer funders

About National Equity Fund Inc

How much does National Equity Fund Inc give?
National Equity Fund Inc reported 3 grants totaling $17,490,500 in its FY2024 IRS filing. It funded between 2 and 36 organizations a year over FY2017 to FY2023.
What does National Equity Fund Inc fund?
By grant dollars over FY2017 to FY2024, its largest causes are Community Improvement (89%), Housing & Shelter (11%), Human Services (0%).
Who are National Equity Fund Inc's largest grantees?
By total granted over FY2017 to FY2024: Local Initiatives Support Corporation ($114M), National Church Residences ($100k), Chicago Rehab Network ($100k).
Does National Equity Fund Inc fund new organizations?
In FY2023, 0% of the organizations it funded were first-time grantees.
Which funders back the same organizations as National Equity Fund Inc?
Its strongest co-funders, measured against what their size predicts, include Enterprise Community Partners Inc, THDF II Inc DBA The Home Depot Foundation & Homer Fund, Local Initiatives Support Corporation.
Where is National Equity Fund Inc based?
National Equity Fund Inc is based in IL.

On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 55 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the IRS Form 990 e-file return for fiscal year 2024, released 2024. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Source object · view filing

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