Overview
What is New York Equity Fund Inc?
New York Equity Fund Inc, based in Chicago, Illinois, works as a partner or manager in limited partnerships or limited liability companies. Their mission is to support National Equity Fund Inc in developing and preserving high-quality low-income rental housing. They achieve this by managing investments in qualifying housing projects, attracting capital for investments in projects eligible for low-income housing tax credits, and engaging in related activities. In essence, New York Equity Fund Inc plays a crucial role in enhancing affordable housing options for low-income communities.
Is New York Equity Fund Inc legitimate?
New York Equity Fund Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. New York Equity Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of New York Equity Fund Inc?
New York Equity Fund Inc assists National Equity Fund Inc in the development and preservation of high-quality, affordable rental housing for low-income individuals. They achieve this by establishing and managing investment funds that attract capital for projects eligible for Low-Income Housing Tax Credits. The organization actively participates in the acquisition, construction, rehabilitation, and operation of these housing projects, serving as the general partner or managing member of investor limited partnerships or LLCs. Their goal is to contribute to the provision of affordable housing options for those in need.
Who is the CEO of New York Equity Fund Inc?
Matthew Reilein is the President & Ceo (And Director) of New York Equity Fund Inc. The CEO's salary of New York Equity Fund Inc is $0 and their total compensation is $1,028,462.
What is the revenue of New York Equity Fund Inc?
New York Equity Fund Inc's revenue in 2022 was $415,625.
Who are the executives of New York Equity Fund Inc and what are their salaries?
Here are 10 key members and their salaries (New York Equity Fund Inc's CEO's salary is $0 and their total compensation is $1,028,462):
- Compensation: $0
- Related: $661,733
- Other: $59,847
- Compensation: $0
- Related: $963,963
- Other: $64,499
- Compensation: $0
- Related: $606,662
- Other: $58,983
- Compensation: $0
- Related: $735,910
- Other: $62,605
- Compensation: $0
- Related: $521,429
- Other: $47,638
- Compensation: $0
- Related: $525,167
- Other: $55,731
- Compensation: $0
- Related: $637,721
- Other: $55,242
- Compensation: $0
- Related: $241,954
- Other: $41,699
- Compensation: $0
- Related: $459,568
- Other: $54,800
- Compensation: $0
- Related: $483,519
- Other: $57,889
Where can I find the form 990 for New York Equity Fund Inc?
New York Equity Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New York Equity Fund Inc
New York Equity Fund Inc plays a crucial role in assisting National Equity Fund Inc in the development and preservation of high-quality, affordable housing for low-income individuals. They achieve this by establishing and managing investment funds that attract capital for projects qualifying for Low-Income Housing Tax Credits. By serving as the general partner or managing member of investor limited partnerships or limited liability companies, New York Equity Fund Inc acquires, constructs, rehabilitates, and operates low-income housing projects. Through these activities, they contribute to the provision of affordable housing, thereby improving the living conditions of those in need.
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Impact
October, 2024
New York Equity Fund Inc significantly impacts the landscape of affordable housing by facilitating the development and preservation of high-quality low-income rental properties. By serving as a general partner or managing member of various investment partnerships, the organization actively manages investments directed towards the acquisition, construction, rehabilitation, and operation of essential low-income housing projects.
Its strategic role in establishing and managing investment funds attracts crucial capital, particularly for projects qualifying for low-income housing tax credits. This not only helps alleviate the housing crisis for underserved populations but also enhances the quality of life for many by ensuring access to safe and affordable housing options. Through these efforts, New York Equity Fund Inc plays a vital role in fostering sustainable communities and addressing the pressing need for affordable housing.
This information is meant to be a general summary of New York Equity Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $415,625
- Gross Receipts: $415,625
Assets and Liabilities:
- Total Assets: $990,581
- Total Liabilities: $325,148
- Net Assets: $665,433
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INCOME HOUSING REV
Revenue
$415,625
Organization Details
Founding Year
1995
Phone
(312) 360-0400Principal Officer
Matthew Reilein
Main Address
10 S RIVERSIDE PLAZA SUITE 1700, CHICAGO, IL, 60606
NTEE Category
Code: Z99 - Unknown
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