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Nef Community Investments Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 364229337 ✦ Chicago, IL ✦ Designated as a 501(c)(4)

Overview

What is Nef Community Investments Inc?

Nef Community Investments Inc, based in Chicago, Illinois, serves a crucial role as the general partner or managing member in low-income housing investment partnerships. They acquire, own, construct, rehabilitate, and operate these projects through various limited liability companies. In addition, they provide asset management services to support these investments. The organization's mission is to help National Equity Fund, Inc. develop and preserve high-quality, low-income rental housing by establishing and managing funds that attract investment capital for eligible housing projects. These investments are facilitated through the acquisition of limited partnership or non-managing member interests in project partnerships or project limited liability companies.


Is Nef Community Investments Inc legitimate?

Nef Community Investments Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Nef Community Investments 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 not tax deductible.

Here 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 Nef Community Investments Inc?
Who is the CEO of Nef Community Investments Inc?
What is the revenue of Nef Community Investments Inc?
Who are the executives of Nef Community Investments Inc and what are their salaries?
Where can I find the form 990 for Nef Community Investments Inc?

Mission Statement of Nef Community Investments Inc

Nef Community Investments, Inc. plays a crucial role in the development and preservation of high-quality, affordable rental housing for low-income communities. This mission-driven organization works in tandem with National Equity Fund, Inc. to establish and manage investment funds that attract capital for projects eligible for Low-Income Housing Tax Credits. By serving as the general partner or managing member of various limited liability companies, Nef Community Investments, Inc. facilitates the acquisition of limited partner or non-managing member interests in project partnerships and project limited liability companies. These entities, in turn, acquire, own, construct, rehabilitate, and operate low-income housing projects.

Moreover, Nef Community Investments, Inc. provides essential asset management services to support these investments in low-income housing projects. The organization's expertise lies in its ability to effectively manage these projects and ensure that they meet the necessary standards for affordable housing. By taking on this role, Nef Community Investments, Inc. contributes significantly to the provision of safe and comfortable homes for individuals and families in need. The organization's commitment to the development and preservation of high-quality, affordable housing is a vital step towards addressing the unmet housing needs of low-income communities.

Impact

This information is meant to be a general summary of Nef Community Investments Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Nef Community Investments Inc's impact lies in assisting 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 housing projects qualifying for low-income housing tax credits, Nef Community Investments Inc plays a crucial role in supporting the creation and maintenance of affordable housing opportunities. Through its activities in managing investments in qualifying projects, serving as a general partner or managing member, and providing asset management services, Nef Community Investments Inc contributes to addressing the pressing need for affordable housing in communities across the nation.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $213,949
  • Program Service Revenue: $69,601,246
  • Gross Receipts: $69,815,195

    • Assets and Liabilities:
  • Total Assets: $59,322,474
  • Total Liabilities: $1,083,739
  • Net Assets: $58,238,735
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    LOW INC HOUSING REVENUE

    Revenue

    $69,601,246

    Organization Details

    Founding Year

    1998

    Principal Officer

    Matthew Reilein

    Main Address

    10 S RIVERSIDE PLAZA SUITE 1700, CHICAGO, IL, 60606

    NTEE Category

    Code: L20 - Housing

    If you are a representative of Nef Community Investments Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.