Nef Community Investments Inc
81% goes to programs Strong reserves Growing revenue
Nef Community Investments Inc is a 501(c)(4) organization based in Chicago, Illinois, registered in 2005, with $80,447,261 in FY2024 revenue. CharityIndex grades it A, and it directs about 81% of spending to programs.
540 W Madison St Ste 1900, Chicago, IL, 60661 EIN 36-4229337 Since 2005
Revenue (FY2024)
$80.4M
▲ 10.8% vs prior year
Housing median: $408K
Expenses (FY2024)
$70.4M
Net assets
$63.9M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating81% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Nef Community Investments Inc: 81% to programs earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating11 mo reserves · +13% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Nef Community Investments Inc: 11 mo reserves · +13% margin earns a A on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Nef Community Investments Inc: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Nef Community Investments Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Nef community investments, inc. assists nef, inc. in the development and preservation of high-quality low-income rental housing by managing investments in qualifying projects.
What they do
Nef community investments, inc. serves as the sole member of nef permanent lending llc which serves as a member of cpc mortgage company llc, a joint venture with affiliates of the community preservation corporation, a new york not-for-profit corporation, and cinnaire corporation, a michigan not-for-profit corporation, providing gse and agency financing for the development of housing affordable to low- and moderate-income individuals and families in order to preserve and rehabilitate neighborhoods experiencing deterioration and disinvestment.
Contact & location
- Address
- 540 W Madison St Ste 1900, Chicago, IL, 60661
- City
- Chicago
- State
- Illinois
- Category
- Housing & Shelter
- Subcategory
- Housing Development & Management
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $26.2M (FY2013) to $80.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.2MNet assets $63.9M
Operating margin
12.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$65.1M
Total liabilities
$1.2M
Net assets
$63.9M
Salaries & benefits
$0
0% of expenses
Board members
3
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $80,447,261▲10.8% | $70,363,078▲8.4% | $63,918,420▲7.5% | $65,095,185▲7.3% | 990 |
| 2023 | $72,605,707▲4.0% | $64,910,205▲44.8% | $59,434,237▲2.1% | $60,693,429▲2.3% | 990 |
| 2022 | $69,815,195▲0.8% | $44,836,410▲10.3% | $58,238,735▲20.7% | $59,322,474▲19.0% | 990 |
| 2021 | $69,249,511▲26.3% | $40,656,669▼4.3% | $48,259,950▲39.2% | $49,835,744▲38.7% | 990 |
| 2020 | $54,814,471▲8.1% | $42,505,217▲33.7% | $34,667,108▲18.1% | $35,929,405▼3.2% | 990 |
| 2019 | $50,719,100▲18.7% | $31,802,966▼9.7% | $29,357,854▲41.6% | $37,105,717▲25.9% | 990 |
| 2018 | $42,728,716▲9.3% | $35,201,033▲11.3% | $20,731,239▼20.9% | $29,468,298▲4.3% | 990 |
| 2017 | $39,095,404▼1.5% | $31,634,878▼6.9% | $26,203,556▲30.1% | $28,250,576▲36.0% | 990 |
| 2016 | $39,697,460▲7.5% | $33,995,295▼7.8% | $20,143,030▲22.5% | $20,770,696▲17.6% | 990 |
| 2015 | $36,930,186▲24.6% | $36,858,987▲34.4% | $16,440,865▲0.4% | $17,668,783▼4.0% | 990 |
| 2014 | $29,630,555▲12.9% | $27,418,894▲40.6% | $16,369,666▲4.5% | $18,395,912▲12.3% | 990 |
| 2013 | $26,247,919 | $19,505,595▼3.5% | $15,658,005▼7.4% | $16,384,333▼10.5% | 990 |
| 2012 | — | $20,218,546▲11.5% | $16,915,681▲2.3% | $18,307,846▼3.7% | 990 |
| 2011 | — | $18,138,418▼8.3% | $16,528,450▲23.4% | $19,016,039▲41.3% | 990 |
| 2010 | — | $19,777,279 | $13,390,135 | $13,457,024 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Alex Denja | Svp, Coo, Cfo | 18 | — |
| Judy Schneider | Svp & Asst Sec. (& Outgoing Dirctor) | 18 | — |
| Kevin D Boes | Former Svp | 0 | — |
| Mark Siranovic | Svp (and Director) | 18 | — |
| Matthew Reilein | President & Ceo (& Director) | 18 | — |
| Michael Rogers | Svp & Secretary | 18 | — |
| Peter Harrison | Svp | 18 | — |
| Reena Bramblett | Svp (and Director) | 18 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| National Equity Fund Inc | Consulting Fees | $70,261,197 |
Grants made · $527K in FY2022
1 grant totaling $527K in FY2022. All grants made by Nef Community Investments Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Oregon Corporation For Affordable Housing | Support the next generation of emerging black, indigenous, and people of color (bipoc) developers in the affordable housing industry. | $526,535 |
Similar organizations in Housing
Housing
All Chicago Making Homelessness History
Chicago, IL
$54.9M
A+annual revenue
Housing
Resurrection Project
Chicago, IL
$45.5M
Bannual revenue
- Housing
Achievement Unlimited Inc
Galesburg, IL
$43.1M
C+annual revenue
Housing
Center For Housing and Health
Chicago, IL
$43.1M
Cannual revenue
Housing
Community Investment Corp
Chicago, IL
$38.6M
Bannual revenue
Housing
Unlimited Development Inc
Galesburg, IL
$128.5M
B+annual revenue
Housing
Washington & Jane Smith Community- Orland Park
Orland Park, IL
$32.3M
Dannual revenue
Housing
Ctf Illinois
Orland Park, IL
$31.8M
Bannual revenue
- Housing
Elevate Housing Foundation
Lincolnwood, IL
$28.9M
Fannual revenue
Housing
Chicago Low Income Housing Trust Fund
Chicago, IL
$25.5M
C+annual revenue
Compare Nef Community Investments Inc
Frequently asked questions
- Is Nef Community Investments Inc a legitimate nonprofit?
- Yes. Nef Community Investments Inc is a 501(c)(4) organization registered with the U.S. Internal Revenue Service under EIN 36-4229337, based in Chicago, Illinois.
- What is Nef Community Investments Inc's EIN?
- Nef Community Investments Inc's Employer Identification Number (EIN) is 36-4229337.
- How much revenue does Nef Community Investments Inc report?
- Nef Community Investments Inc reported $80,447,261 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Nef Community Investments Inc's spending goes to programs?
- Nef Community Investments Inc spends about 81% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Nef Community Investments Inc have?
- CharityIndex grades Nef Community Investments Inc A, based on program efficiency and fundraising cost.
- How much does Nef Community Investments Inc's highest-paid employee make?
- The highest reported compensation on Nef Community Investments Inc's latest Form 990 is $0, paid to Alex Denja (Svp, Coo, Cfo).
More nonprofits in Chicago
Explore more
Data for Nef Community Investments Inc (EIN 36-4229337) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.