Michigan · Nonprofit
NATIONAL ASSOCIATION OF STATE AND LOCAL EQUITY FUNDS
NATIONAL ASSOCIATION OF STATE AND LOCAL EQUITY FUNDS (Michigan) receives grants from 5 organizations whose IRS filings report $614,524 to it, the largest being MASSACHUSETTS HOUSING INVESTMENT CORPORATION ($308,667). 3 of them have funded it in more than one year.
- Revenue FY2024
- $756k
- Funders on record
- 5
- Grants received
- $615k
- Net assets
- $548k
What National Association of State and Local Equity Funds does
Mission
To promote the efficient management of state and local equity funds and a greater understanding of the low income housing tax credit (lihtc) and encourage the professional development of its member organizations.
As stated on its FY2024 Form 990.
Programs
Annual conference to discuss general issues in the low income housing tax credit industry.
Placed ads in industry publications, exhibited at industry meetings, and published an annual report to promote the accomplishments of member state and local equity funds.
The 2 programs described on its FY2023 Form 990, listed largest first by expense.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $221k to $427k (+93%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2017 → 2023: the base narrowed from 3 funders to 2 funders, grant income rose $40k → $150k.
From the IRS filings of NATIONAL ASSOCIATION OF STATE AND LOCAL EQUITY FUNDS’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
NATIONAL ASSOCIATION OF STATE AND LOCAL EQUITY FUNDS leans on a few funders — its largest provides 50% of grant income and the top three 97%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund NATIONAL ASSOCIATION OF STATE AND LOCAL EQUITY FUNDS.
Largest funder’s share by year: 2017 55% · 2018 69% · 2019 68% · 2020 100% · 2021 100% · 2022 81% · 2023 57% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
NATIONAL ASSOCIATION OF STATE AND LOCAL EQUITY FUNDS draws 100% of its grant income from funders outside Michigan, across 4 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Organizations like NATIONAL ASSOCIATION OF STATE AND LOCAL EQUITY FUNDS
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Michigan
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Governance
Screen this organization
A dated, signed PDF of the compliance screen for NATIONAL ASSOCIATION OF STATE AND LOCAL EQUITY FUNDS: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds NATIONAL ASSOCIATION OF STATE AND LOCAL EQUITY FUNDS?
- NATIONAL ASSOCIATION OF STATE AND LOCAL EQUITY FUNDS (Michigan) receives grants from 5 organizations whose IRS filings report $614,524 to it, the largest being MASSACHUSETTS HOUSING INVESTMENT CORPORATION ($308,667). 3 of them have funded it in more than one year.
- How many funders does NATIONAL ASSOCIATION OF STATE AND LOCAL EQUITY FUNDS have?
- IRS filings report 5 organizations giving $614,524 in grants to NATIONAL ASSOCIATION OF STATE AND LOCAL EQUITY FUNDS, 3 of which have funded it in more than one year.
- Who is the largest funder of NATIONAL ASSOCIATION OF STATE AND LOCAL EQUITY FUNDS?
- MASSACHUSETTS HOUSING INVESTMENT CORPORATION is the largest funder on record, with $308,667 in grants. The full list of funders is on this page.
- How can an organization like NATIONAL ASSOCIATION OF STATE AND LOCAL EQUITY FUNDS find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Michigan. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds National Association of State and Local Equity Funds →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 5 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing