TY 2023 Form 990

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)	(E) Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)
(1) ANDREW DITTON...................................................................... DIRECTOR	1.90 ................. 0.10	X		5,000	0	0
(2) EDWARD SIGLER...................................................................... CHAIRMAN (AND DIRECTOR)	2.00 .................	X	X	15,000	0	0
(3) ELDRIDGE EDGECOMBE...................................................................... DIRECTOR	2.00 .................	X		10,000	0	0
(4) GARY ROZIER...................................................................... DIRECTOR	2.00 .................	X		6,000	0	0
(5) HELEN DUNLAP...................................................................... DIRECTOR	2.00 .................	X		8,000	273,484	0
(6) JANE GRAF...................................................................... DIRECTOR	2.00 .................	X		12,000	0	0
(7) KRISTEN SWITZER...................................................................... DIRECTOR	2.00 .................	X		0	0	0
(8) LISA GLOVER...................................................................... OUTGOING VICE CHAIRMAN (AND DIRECTOR)	2.00 ................. 35.00	X	X	0	682,537	46,168
(9) MATTHEW REILEIN...................................................................... PRESIDENT & CEO (AND DIRECTOR)	18.00 ................. 22.00	X	X	1,003,040	0	330,219
(10) MICHAEL MAY...................................................................... DIRECTOR	7.00 .................	X		31,000	0	0
(11) MICHAEL PUGH...................................................................... VICE CHAIRMAN (AND DIRECTOR)	2.00 ................. 33.00	X	X	0	224,934	1,627
(12) PATRICK NASH...................................................................... DIRECTOR	2.00 .................	X		0	0	0
(13) ROBERT COONEY...................................................................... DIRECTOR	2.00 ................. 38.00	X		0	359,759	81,268
(14) ROBERT MANTLE...................................................................... DIRECTOR	2.00 .................	X		0	0	0
(15) SINDY SPIVAK...................................................................... DIRECTOR	2.00 .................	X		0	0	0
(16) VICKY ARROYO...................................................................... DIRECTOR	2.00 .................	X		13,000	0	0
(17) ALEX DENJA...................................................................... SVP, COO, CFO	18.00 ................. 22.00		X	774,334	0	173,843

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(E) Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)
(18) JACLYN JACKSON........................................................................ SVP CHIEF HUMAN RESOURCES OFFICER	40.00 .......................	X			437,348	0	134,328
(19) JUDY SCHNEIDER........................................................................ SVP CHIEF RISK OFFICER	18.00 .......................22.00	X			691,752	0	124,470
(20) MARK SIRANOVIC........................................................................ SVP INVESTOR RELATIONS	18.00 .......................22.00	X			680,821	0	125,706
(21) MICHAEL ROGERS........................................................................ SVP GEN. COUNSEL & SECRETARY	18.00 .......................22.00	X			543,917	0	58,490
(22) PETER HARRISON........................................................................ SVP ASSET MANAGEMENT	18.00 .......................22.00	X			626,774	0	137,993
(23) REENA BRAMBLETT........................................................................ SVP EQUITY PLACEMENT	18.00 .......................22.00	X			682,508	0	113,451
(24) ED SIMON........................................................................ SVP/CIO	40.00 .......................		X		578,863	0	60,660
(25) EMILY CHEN........................................................................ MANAGING DIRECTOR - EAST REGION	40.00 .......................		X		582,324	0	386,598
(26) KRISTEN SENFF........................................................................ MANAGING DIRECTOR - CENTRAL REGION	40.00 .......................		X		558,770	0	457,710
(27) RACHEL RHODES........................................................................ SVP, LIHTC PRODUCTION	40.00 .......................		X		819,948	0	475,413
(28) TODD FABIAN........................................................................ MANAGING DIRECTOR - WEST REGION	40.00 .......................		X		942,408	0	452,483
(29) KEVIN BOES........................................................................ FORMER SVP	0.00 .......................40.00			X	0	584,167	63,844

(A) Name and business address	(B) Description of services	(C) Compensation
NOVOGRADAC & COMPANY LLP 1160 BATTERY ST E BLDG 4TH FL SAN FRANCISCO,CA94111	AUDIT AND TAX SERVICES	2,688,430
BARNES & THORNBURG LLP 11 SOUTH MERIDIAN STREET INDIANAPOLIS,IN46204	LEGAL SERVICES	2,038,499
KRAUS LAM LLC 230 WEST MONROE STREET SUITE 2528 CHICAGO,IL60606	LEGAL SERVICES	1,797,884
COHNREZNICK LLP 14 SYLVAN WAY 3RD FLOOR PARSIPPANY,NJ07054	AUDIT AND TAX SERVICES	1,390,465
HOLLAND & KNIGHT LLP 11050 LAKE UNDERHILL ROAD SUITE 86 ORLANDO,FL32825	LEGAL SERVICES	1,278,756
2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 19

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SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
right arrow

Attach to Form 990.
right arrow

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2022

Open to Public Inspection

Name of the organization

NATIONAL EQUITY FUND INC

Employer identification number

36-3490231

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.

		(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................

Yes No

Part II

Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after July 25, 2006, and not on a historic structure listed in the National Register ...	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year right arrow

Number of states where property subject to conservation easement is located right arrow

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
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Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
right arrow

Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................

Yes No

In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.

If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:

(i)

Revenue included on Form 990, Part VIII, line 1 ......................... right arrow

(ii)

Assets included in Form 990, Part X ............................... right arrow

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:

Revenue included on Form 990, Part VIII, line 1 .......................... right arrow

Assets included in Form 990, Part X ............................... right arrow

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 52283D

Schedule D (Form 990) 2022

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...

Yes No

If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....

Part V

Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.

		(a) Current year	(b) Prior year	(c) Two years back	(d) Three years back	(e) Four years back

1a	Beginning of year balance ....
b	Contributions ...
c	Net investment earnings, gains, and losses
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...
f	Administrative expenses ....
g	End of year balance ......

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment right arrow

Permanent endowment right arrow

Term endowment right arrow

The percentages on lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) Unrelated organizations .................

3a(i)

(ii) Related organizations .................

3a(ii)

If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........

Describe in Part XIII the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.

Description of property		(a) Cost or other basis (investment)	(b) Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value

1a	Land .....
b	Buildings ....
c	Leasehold improvements	3,403,516	3,028,323	375,193
d	Equipment ....	3,264,195	3,034,972	229,223
e	Other .....	1,666,912	1,632,273	34,639
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				639,055

Schedule D (Form 990) 2022

Page 3

Part VII

Investments - Other Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3)Other
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

Part VIII

Investments - Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.

(a) Description				(b) Book value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........

Part X

Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.

1.(a) Description of liability	(b) Book value
(1) Federal income taxes
DUE TO NEFCI, INC.	42,831,678
NOTES PAYABLE TO RELATED ORG	1,822,575
OPERATING LEASE LIABILITY	1,241,789






Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	45,896,042
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Schedule D (Form 990) 2022

Page 4

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......		1
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ...........	2d
e	Add lines 2a through 2d .....................		2e
3	Subtract line 2e from line 1..................		3
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................		4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......		5

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........		1
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ...........	2d
e	Add lines 2a through 2d....................		2e
3	Subtract line 2e from line 1...................		3
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b.....................		4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......		5

Part XIII

Supplemental Information

Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.

Return Reference	Explanation
PART X, LINE 2:	THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(4) OF THE U.S. INTERNAL REVENUE CODE (THE CODE). AS A 501(C)(4) CORPORATION, CONTRIBUTIONS TO NEF ARE NOT TAX DEDUCTIBLE. THE CORPORATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. INCOME GENERATED FROM ACTIVITIES UNRELATED TO THE CORPORATION'S EXEMPT PURPOSE IS SUBJECT TO TAX UNDER INTERNAL REVENUE CODE SECTION 511. THE CORPORATION DID NOT RECOGNIZE ANY UNRELATED BUSINESS INCOME TAX LIABILITIES FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. INCOME TAX RETURNS FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2020 REMAIN OPEN.

Return Reference

Explanation

PART X, LINE 2:

THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(4) OF THE U.S. INTERNAL REVENUE CODE (THE CODE). AS A 501(C)(4) CORPORATION, CONTRIBUTIONS TO NEF ARE NOT TAX DEDUCTIBLE. THE CORPORATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. INCOME GENERATED FROM ACTIVITIES UNRELATED TO THE CORPORATION'S EXEMPT PURPOSE IS SUBJECT TO TAX UNDER INTERNAL REVENUE CODE SECTION 511. THE CORPORATION DID NOT RECOGNIZE ANY UNRELATED BUSINESS INCOME TAX LIABILITIES FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. INCOME TAX RETURNS FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2020 REMAIN OPEN.

Schedule D (Form 990) 2022

Additional Data

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Schedule I
(Form 990)

Department of the Treasury
Internal Revenue Service

Grants and Other Assistance to Organizations,
Governments and Individuals in the United States

Complete if the organization answered "Yes," on Form 990, Part IV, line 21 or 22.
lBullet

Attach to Form 990.
lBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2023

Open to Public
Inspection

Name of the organization
NATIONAL EQUITY FUND INC

Employer identification number
36-3490231

Part I

General Information on Grants and Assistance

Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ........................

Yes No

Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.

Part II

Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line 21, for any recipient

that received more than $5,000. Part II can be duplicated if additional space is needed.

(a) Name and address of organization or government	(b) EIN	(c) IRC section (if applicable)	(d) Amount of cash grant	(h) Purpose of grant or assistance
(1) LOCAL INITIATIVES SUPPORT CORPORATION 28 LIBERTY STREET 34TH FLOOR NEW YORK,NY10005	13-3030229	501(C)(3)	17,500,000	SUPPORT COMMUNITY DEVELOPMENT
(2) CHICAGO REHABILITATION NETWORK 140 SOUTH DEARBORN SUITE 1420 CHICAGO,IL60603	36-2928136	501(C)(3)	15,000	SUPPORT LOW-INCOME HOUSING DEVELOPMENT
(3) PROJECT FOR PRIDE IN LIVING INC 1035 EAST FRANKLIN AVENUE MINNEAPOLIS,MN55405	23-7232208	501(C)(3)	20,000	SUPPORT LOW-INCOME HOUSING DEVELOPMENT

Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image

Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50055P

Schedule I (Form 990) 2023

Page 2

Part III

Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.

(a) Type of grant or assistance	(b) Number of recipients	(c) Amount of cash grant	(d) Amount of noncash assistance	(e) Method of valuation (book, FMV, appraisal, other)	(f) Description of noncash assistance

(1)
(2)
(3)
(4)
(5)
(6)
(7)

Part IV

Supplemental Information. Provide the information required in Part I, line 2; Part III, column (b); and any other additional information.

Return Reference	Explanation
PART I, LINE 2:	GRANTS ARE GENERALLY MADE TO 501(C)(3) NONPROFIT ORGANIZATIONS THAT SPONSOR LOW-INCOME HOUSING PROJECTS, IN FURTHERANCE OF NEF'S TAX-EXEMPT MISSION. THE PRIMARY FACTORS CONSIDERED WHEN DECIDING TO AWARD A GRANT TO A LOW-INCOME HOUSING PROJECT SPONSOR INCLUDE NEF'S DESIRE TO SUPPORT THE UNDERPRIVILEGED POPULATION THAT THE SPONSOR SERVES AND THE INTENDED USE OF THE FUNDS. TYPICALLY, THE FUNDS ARE DESIGNATED FOR A VARIETY OF PURPOSES INCLUDING ASSISTING THE SPONSOR IN ACHIEVING ITS STRATEGIC GOALS, SENDING STAFF ON TRAINING PROGRAMS, HIRING CONSULTANTS, OR FUNDING SOCIAL SERVICES PROGRAMS. SPONSORS RECEIVING GRANTS ARE CONTRACTUALLY OBLIGATED TO PROVIDE A FOLLOW-UP REPORT TO ENSURE THAT THE GRANT WAS USED AS INTENDED. GRANTS ARE ALSO MADE TO LOCAL INITIATIVES SUPPORT CORPORATION, A 501(C)(3) ENTITY, TO SUPPORT ITS COMMUNITY DEVELOPMENT INITIATIVES.

Return Reference

Explanation

PART I, LINE 2:

GRANTS ARE GENERALLY MADE TO 501(C)(3) NONPROFIT ORGANIZATIONS THAT SPONSOR LOW-INCOME HOUSING PROJECTS, IN FURTHERANCE OF NEF'S TAX-EXEMPT MISSION. THE PRIMARY FACTORS CONSIDERED WHEN DECIDING TO AWARD A GRANT TO A LOW-INCOME HOUSING PROJECT SPONSOR INCLUDE NEF'S DESIRE TO SUPPORT THE UNDERPRIVILEGED POPULATION THAT THE SPONSOR SERVES AND THE INTENDED USE OF THE FUNDS. TYPICALLY, THE FUNDS ARE DESIGNATED FOR A VARIETY OF PURPOSES INCLUDING ASSISTING THE SPONSOR IN ACHIEVING ITS STRATEGIC GOALS, SENDING STAFF ON TRAINING PROGRAMS, HIRING CONSULTANTS, OR FUNDING SOCIAL SERVICES PROGRAMS. SPONSORS RECEIVING GRANTS ARE CONTRACTUALLY OBLIGATED TO PROVIDE A FOLLOW-UP REPORT TO ENSURE THAT THE GRANT WAS USED AS INTENDED. GRANTS ARE ALSO MADE TO LOCAL INITIATIVES SUPPORT CORPORATION, A 501(C)(3) ENTITY, TO SUPPORT ITS COMMUNITY DEVELOPMENT INITIATIVES.

Schedule I (Form 990) 2023

Additional Data

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Schedule J
(Form 990)

Department of the Treasury
Internal Revenue Service

Compensation Information

For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
medium right arrow graphic

Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
medium right arrow graphic

Attach to Form 990.
medium right arrow graphic

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2023

Open to Public Inspection

Name of the organization

NATIONAL EQUITY FUND INC

Employer identification number

36-3490231

Part I

Questions Regarding Compensation

Yes

Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.

First-class or charter travel Housing allowance or residence for personal use

Travel for companions Payments for business use of personal residence

Tax idemnification and gross-up payments Health or social club dues or initiation fees

Discretionary spending account Personal services (e.g., maid, chauffeur, chef)

If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .....

Yes

Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a? ....

Yes

Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

Form 990 of other organizations Approval by the board or compensation committee

During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:

Receive a severance payment or change-of-control payment? .............

Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........

Yes

Participate in, or receive payment from, an equity-based compensation arrangement? .........

If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.

Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:

The organization? ....................

Any related organization? .......................

Yes

If "Yes," on line 5a or 5b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:

The organization? ..................

Any related organization? ......................

If "Yes," on line 6a or 6b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............

Yes

Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III ..........................

If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50053T

Schedule J (Form 990) 2023

Page 2

Part II

Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.

For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.

(A) Name and Title		(B) Breakdown of W-2, 1099-MISC compensation, and/or 1099-NEC			(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation in column (B) reported as deferred on prior Form 990
(A) Name and Title		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)
1TODD FABIAN MANAGING DIRECTOR - WEST REGION	(i) (ii)	241,718 ------------- 0	700,000 ------------- 0	690 ------------- 0	427,100 ------------- 0	26,845 ------------- 0	1,396,353 ------------- 0	700,000 ------------- 0
2MATTHEW REILEIN PRESIDENT & CEO (AND DIRECTOR)	(i) (ii)	475,090 ------------- 0	527,500 ------------- 0	450 ------------- 0	299,103 ------------- 0	41,061 ------------- 0	1,343,204 ------------- 0	0 ------------- 0
3RACHEL RHODES SVP, LIHTC PRODUCTION	(i) (ii)	254,213 ------------- 0	565,285 ------------- 0	450 ------------- 0	446,042 ------------- 0	30,893 ------------- 0	1,296,883 ------------- 0	565,285 ------------- 0
4KRISTEN SENFF MANAGING DIRECTOR - CENTRAL REGION	(i) (ii)	222,405 ------------- 0	336,065 ------------- 0	300 ------------- 0	425,175 ------------- 0	33,931 ------------- 0	1,017,876 ------------- 0	0 ------------- 0
5EMILY CHEN MANAGING DIRECTOR - EAST REGION	(i) (ii)	232,043 ------------- 0	349,831 ------------- 0	450 ------------- 0	353,982 ------------- 0	39,078 ------------- 0	975,384 ------------- 0	349,831 ------------- 0
6ALEX DENJA SVP, COO, CFO	(i) (ii)	323,884 ------------- 0	450,000 ------------- 0	450 ------------- 0	144,227 ------------- 0	34,308 ------------- 0	952,869 ------------- 0	0 ------------- 0
7JUDY SCHNEIDER SVP CHIEF RISK OFFICER	(i) (ii)	274,772 ------------- 0	415,000 ------------- 0	1,980 ------------- 0	114,130 ------------- 0	12,331 ------------- 0	818,213 ------------- 0	0 ------------- 0
8MARK SIRANOVIC SVP INVESTOR RELATIONS	(i) (ii)	268,841 ------------- 0	410,000 ------------- 0	1,980 ------------- 0	93,340 ------------- 0	34,621 ------------- 0	808,782 ------------- 0	0 ------------- 0
9REENA BRAMBLETT SVP EQUITY PLACEMENT	(i) (ii)	270,528 ------------- 0	410,000 ------------- 0	1,980 ------------- 0	81,296 ------------- 0	33,777 ------------- 0	797,581 ------------- 0	0 ------------- 0
10PETER HARRISON SVP ASSET MANAGEMENT	(i) (ii)	262,964 ------------- 0	360,000 ------------- 0	3,810 ------------- 0	105,327 ------------- 0	34,695 ------------- 0	766,796 ------------- 0	0 ------------- 0
11LISA GLOVER OUTGOING VICE CHAIRMAN (AND DIRECTOR	(i) (ii)	0 ------------- 607,935	0 ------------- 27,500	0 ------------- 47,102	0 ------------- 33,604	0 ------------- 13,131	0 ------------- 729,272	0 ------------- 0
12KEVIN BOES FORMER SVP	(i) (ii)	0 ------------- 365,667	0 ------------- 218,500	0 ------------- 0	0 ------------- 36,941	0 ------------- 26,903	0 ------------- 648,011	0 ------------- 0
13ED SIMON SVP/CIO	(i) (ii)	248,173 ------------- 0	330,000 ------------- 0	690 ------------- 0	27,994 ------------- 0	34,442 ------------- 0	641,299 ------------- 0	0 ------------- 0
14MICHAEL ROGERS SVP GEN. COUNSEL & SECRETARY	(i) (ii)	259,437 ------------- 0	282,500 ------------- 0	1,980 ------------- 0	28,874 ------------- 0	31,163 ------------- 0	603,954 ------------- 0	0 ------------- 0
15JACLYN JACKSON SVP CHIEF HUMAN RESOURCES OFFICER	(i) (ii)	217,048 ------------- 0	220,000 ------------- 0	300 ------------- 0	105,111 ------------- 0	37,660 ------------- 0	580,119 ------------- 0	0 ------------- 0
16ROBERT COONEY DIRECTOR	(i) (ii)	0 ------------- 318,241	0 ------------- 39,081	0 ------------- 2,437	0 ------------- 33,648	0 ------------- 48,307	0 ------------- 441,714	0 ------------- 0
17HELEN DUNLAP DIRECTOR	(i) (ii)	8,000 ------------- 273,484	0 ------------- 0	0 ------------- 0	0 ------------- 0	0 ------------- 0	8,000 ------------- 273,484	0 ------------- 0
18MICHAEL PUGH VICE CHAIRMAN (AND DIRECTOR)	(i) (ii)	0 ------------- 149,775	0 ------------- 75,000	0 ------------- 159	0 ------------- 0	0 ------------- 2,207	0 ------------- 227,141	0 ------------- 0

Schedule J (Form 990) 2023

Page 3

Part III

Supplemental Information

Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.

Return Reference	Explanation
PART I, LINE 1B	IT IS THE POLICY OF NATIONAL EQUITY FUND, INC. THAT NO OFFICER OR DIRECTOR, OTHER THAN THE PRESIDENT/CEO, SHALL RECEIVE REIMBURSEMENT OR OTHER CONSIDERATION AS IT RELATES TO HEALTH/SOCIAL CLUB DUES OR INITIATION FEES. CLARIFICATION 1. CONSIDERATION IS PROVIDED TO THE PRESIDENT/CEO AS A REASONABLE EMPLOYEE BUSINESS EXPENSE, TO BE USED ENTIRELY FOR BUSINESS, NOT FOR PERSONAL, PURPOSES. 2. CONSIDERATION MUST BE APPROVED AT THE BOARD LEVEL EITHER BY THE CHAIRMAN, VICE-CHAIRMAN OR AUTHORIZED BOARD SUB-COMMITTEE. 3. DOCUMENTED SUBSTANTIATION OF THE EXPENSE IS REQUIRED IN ORDER TO BE REIMBURSED.
PART I, LINE 4B	NATIONAL EQUITY FUND, INC. AWARDS INCENTIVE PAYOUTS TO ORIGINATIONS STAFF BASED ON FEES EARNED FROM ORIGINATING LOW-INCOME HOUSING PROJECTS WHICH FULFILL THE MISSION OF DEVELOPING AND PRESERVING HIGH-QUALITY AFFORDABLE RENTAL HOUSING IN DISINVESTED COMMUNITIES. THE COMPANY ACCRUED THESE BONUSES IN 2023 AND PAID IN MARCH 2024. THE FOLLOWING EMPLOYEES RECEIVED COMPENSATION UNDER THIS PLAN: EMILY CHEN: AMOUNT EARNED AND PAID AMOUNT - $349,831; ACCRUED AND NOT PAID - $327,282 TODD FABIAN: AMOUNT EARNED AND PAID AMOUNT - $700,000; ACCRUED AND NOT PAID - $400,399 RACHEL RHODES: AMOUNT EARNED AND PAID AMOUNT - $565,285; ACCRUED AND NOT PAID - $417,808 KRISTEN SENFF: AMOUNT EARNED AND PAID AMOUNT - $336,065; ACCRUED AND NOT PAID - $400,156 IN ADDITION, CERTAIN OFFICERS PARTICIPATED IN A 457(F) PLAN: ALEX DENJA - $108,215 REENA BRAMBLETT - $50,496 PETER HARRISON - $75,672 JUDY SCHNEIDER - $83,710 MARK SIRANOVIC - $63,048 MATT REILEIN - $261,153 JACLYN JACKSON- $84,219
PART I, LINE 5	CONTINGENT COMPENSATION: NATIONAL EQUITY FUND, INC. AWARDS INCENTIVE PAYOUTS TO ORIGINATIONS STAFF BASED ON FEES EARNED FROM ORIGINATING LOW-INCOME HOUSING PROJECTS WHICH FULFILL THE MISSION OF DEVELOPING AND PRESERVING HIGH-QUALITY AFFORDABLE RENTAL HOUSING IN DISINVESTED COMMUNITIES.
PART I, LINE 7	NON-FIXED PAYMENTS: NATIONAL EQUITY FUND, INC. AWARDS DISCRETIONARY BONUSES TO ELIGIBLE EMPLOYEES. UNDER THIS DISCRETIONARY BONUS PLAN, THE TOTAL AMOUNT OF BONUSES THAT CAN BE PAID IS LIMITED TO THE AMOUNT AVAILABLE IN A POOL WHICH IS CALCULATED AS A PERCENTAGE OF NET REVENUES. THE AMOUNTS AWARDED TO INDIVIDUALS FROM THE BONUS POOLS ARE BASED ON INDIVIDUAL AND TEAM PERFORMANCE. TO ENSURE THAT BONUSES ARE BASED ON ACCOMPLISHMENTS THAT FURTHER THE ORGANIZATION'S TAX-EXEMPT PURPOSES AND THAT TOTAL COMPENSATION IS REASONABLE, ALL BONUSES ARE REVIEWED ANNUALLY BY MANAGEMENT AND THE TALENT DEVELOPMENT AND COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS; AND ON A BIANNUAL BASIS BY INDEPENDENT COMPENSATION CONSULTANTS AS A COMPONENT OF OVERALL COMPENSATION.

Schedule J (Form 990) 2023

Additional Data

Software ID:
Software Version:

- TIN:

Schedule L
(Form 990)

Department of the Treasury
Internal Revenue Service

Transactions with Interested Persons

Complete if the organization answered "Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c, or Form 990-EZ, Part V, line 38a or 40b.
Attach to Form 990 or Form 990-EZ.
Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2023

Open to Public Inspection

Name of the organization

NATIONAL EQUITY FUND INC

Employer identification number

36-3490231

Part I

Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and section 501(c)(29) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.

1(a) Name of disqualified person	(c) Description of transaction	(d) Corrected?
1(a) Name of disqualified person	(c) Description of transaction	Yes	No

Enter the amount of tax incurred by the organization managers or disqualified persons during the year under section 4958. ........................... $

Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ........ $

Part II

Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22

(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	(d) Loan to or from the organization?		(e) Original principal amount	(f) Balance due	(g) In default?		(h) Approved by board or committee?		(i) Written agreement?
(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	To	From	(e) Original principal amount	(f) Balance due	Yes	No	Yes	No	Yes	No




Total ............... $

Part III

Grants or Assistance Benefiting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.

(a) Name of interested person	(b) Relationship between interested person and the organization	(c) Amount of assistance	(d) Type of assistance	(e) Purpose of assistance

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 50056A

Schedule L (Form 990) 2023

Page 2

Part IV

Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.

(a) Name of interested person	(b) Relationship between interested person and the organization	(c) Amount of transaction	(d) Description of transaction	(e) Sharing of organization's revenues?
(a) Name of interested person		(c) Amount of transaction	(d) Description of transaction	Yes	No
(1) TROY SIRANOVIC	SON OF MARK SIRANOVIC, AN OFFICER OF NEF	10,003	COMPENSATION FOR PART-TIME ACCOUNTING WORK		No

Part V

Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).

Return Reference	Explanation

Schedule L (Form 990) 2023

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2023

Open to Public
Inspection

Name of the organization

NATIONAL EQUITY FUND INC

Employer identification number

36-3490231

Return Reference	Explanation
FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:	NATIONAL EQUITY FUND, INC. ("NEF, INC.") IS A LEADING ASSET MANAGER AND NATIONAL SYNDICATOR OF LOW-INCOME HOUSING CREDITS DEDICATED TO SUPPORTING THE DEVELOPMENT AND PRESERVATION OF HIGH-QUALITY AFFORDABLE RENTAL HOUSING THAT UNDERPINS THE SUSTAINABLE REVITALIZATION OF DISINVESTED COMMUNITIES. NEF, INC. SERVES AS THE GENERAL PARTNER OR MANAGING MEMBER OF INVESTMENT FUNDS THAT PLACE EQUITY INVESTMENTS IN PROJECT LIMITED PARTNERSHIPS AND LIMITED LIABILITY COMPANIES THAT ACQUIRE, CONSTRUCT, OPERATE AND REHABILITATE LOW-INCOME DEVELOPMENTS. IN ADDITION, NEF, INC. PROVIDES AND/OR FACILITATES PREDEVELOPMENT GRANTS AND LOANS, PERMANENT AND CONSTRUCTION FINANCING AND VARIOUS LEVELS OF TECHNICAL ASSISTANCE AND ASSET MANAGEMENT TO SUPPORT OUR PARTNERS' DEVELOPMENT EFFORTS. NEF, INC. WAS CREATED IN 1987 BY LOCAL INITIATIVES SUPPORT CORPORATION (LISC), A SECTION 501(C)(3) PUBLIC CHARITY, IN THE WAKE OF THE TAX REFORM ACT OF 1986, WHICH ENACTED THE LOW-INCOME HOUSING TAX CREDIT. LISC WANTED TO MAKE SURE THAT THE CAPITAL ATTRACTED BY THE CREDIT MADE ITS WAY TO THE AREAS THAT NEEDED IT MOST. IN THE INTERVENING YEARS, NEF INC.'S SUCCESS HAS HELPED TRANSFORM THE CREDIT INTO A MAINSTREAM INVESTMENT TOOL WITH A LASTING IMPACT ON BOTH INDIVIDUALS AND THEIR COMMUNITIES. THE FUNDAMENTAL TENET WITH WHICH NEF BEGAN STILL HOLDS TRUE: STRONG, VIBRANT COMMUNITIES FLOW FROM THE EFFORTS OF DEVELOPERS, RESIDENTS, COMMUNITY GROUPS AND OTHERS FOCUSED ON THE UNIQUE NEEDS OF THEIR NEIGHBORHOODS. THOSE NEEDS MAY DIFFER FROM STATE TO STATE AND FROM TOWN TO TOWN BUT THE IMPORTANCE OF QUALITY AFFORDABLE HOUSING TO COMMUNITY REVITALIZATION AND STABILITY IS A CONSTANT. NEF, INC. UNDERSTANDS HOW THE CONCEPT OF "HOME" ANCHORS A COMMUNITY, HOW IT HELPS NURTURE LOCAL CULTURE AND SUPPORT LONG-TERM STABILITY. OUR VISION IS THAT ALL INDIVIDUALS AND FAMILIES ACROSS THE COUNTRY HAVE ACCESS TO STABLE, SAFE, AND AFFORDABLE HOMES THAT PROVIDE A FOUNDATION FOR THEM TO REACH THEIR FULL POTENTIAL. THAT'S WHY, TOGETHER WITH OUR PARENT LISC, WE ARE HELPING NEIGHBORS BUILD COMMUNITIES. NEF, INC.'S PORTFOLIO INCLUDES OVER 242,500 AFFORDABLE HOMES THAT RESPOND TO A DIVERSITY OF LOCAL HOUSING CONCERNS. IN BOTH URBAN AND RURAL COMMUNITIES, WE INVEST TAX-CREDIT EQUITY IN MULTIFAMILY AND SINGLE-FAMILY DEVELOPMENTS, AS WELL AS IN SUPPORTIVE HOUSING, PUBLIC HOUSING REVITALIZATION, ASSISTED LIVING AND HISTORIC REHABILITATION. THE NEF, INC. TRACK RECORD ----INVESTED MORE THAN $24.5 BILLION TO SUPPORT 3,310 DEVELOPMENTS ----FINANCED THE DEVELOPMENT OF 242,500 HOMES. ----PARTNERED WITH MORE THAN 1,210 PRIMARILY NON-PROFIT DEVELOPERS ----PARTNERED WITH OVER 195 INVESTORS ----HELPED REVITALIZE COMMUNITIES IN 49 STATES + THE DISTRICT OF COLUMBIA, PUERTO RICO, AND THE U.S. VIRGIN ISLANDS. HOW WE WORK NEF, INC. IS AN INTERMEDIARY. EACH YEAR, WE RAISE CAPITAL TO CREATE MULTI-INVESTOR POOLS AND SINGLE-INVESTOR FUNDS. WE THEN INVEST THAT EQUITY IN AFFORDABLE HOUSING PROJECTS THAT HAVE BEEN ALLOCATED LOW-INCOME HOUSING TAX CREDITS BY THEIR STATE OR LOCAL HOUSING FINANCE AGENCY. OUR PROJECTS NEF, INC.'S PORTFOLIO INCLUDES OVER 3,310 PROJECTS THAT RESPOND TO A DIVERSITY OF LOCAL HOUSING CONCERNS. IN BOTH URBAN AND RURAL COMMUNITIES, WE INVEST TAX-CREDIT EQUITY IN MULTIFAMILY AND SINGLE-FAMILY DEVELOPMENTS, AS WELL AS IN SUPPORTIVE HOUSING, PUBLIC HOUSING REVITALIZATION, ASSISTED LIVING AND HISTORIC REHABS. OUR SPONSOR PARTNERS FOR OVER 30 YEARS, NEF INC HAS COLLABORATED WITH OVER 1,210 LOCAL AND NATIONAL AFFORDABLE HOUSING DEVELOPERS IN 49 STATES PLUS THE DISTRICT OF COLUMBIA, PUERTO RICO AND THE U.S. VIRGIN ISLANDS. OUR PARTNERS ARE AS DIVERSE AS OUR PROJECTS, INCLUDING LOCAL COMMUNITY DEVELOPMENT CORPORATIONS, PUBLIC HOUSING AUTHORITIES, NATIONAL NON-PROFIT GROUPS AND FOR-PROFIT DEVELOPERS WITH A COMMITMENT TO COMMUNITY DEVELOPMENT. BECAUSE OF OUR ROOTS AS A NONPROFIT, WE SHARE THEIR PASSION FOR DEVELOPING HIGH-QUALITY, AFFORDABLE HOUSING THAT IS RESPONSIVE TO COMMUNITY NEEDS; AS A SEASONED FINANCIAL INTERMEDIARY, WE HAVE THE TECHNICAL AND FINANCIAL TOOLS TO SUPPORT THOSE EFFORTS.
FORM 990, PART VI, SECTION A, LINE 6	LOCAL INITIATIVES SUPPORT CORPORATION ("LISC") IS THE PARENT AND SOLE VOTING MEMBER OF NEF, INC. LISC IS A SECTION 501(C)(3) PUBLIC CHARITY WHOSE MISSION IS TO TRANSFORM DISTRESSED URBAN AND RURAL COMMUNITIES INTO HEALTHY AND SUSTAINABLE COMMUNITIES. LISC CARRIES OUT THIS CHARITABLE MISSION BY MARSHALING PUBLIC AND PRIVATE SECTOR RESOURCES TO PROVIDE LOCAL COMMUNITY DEVELOPMENT ORGANIZATIONS WITH TECHNICAL AND MANAGEMENT ASSISTANCE AND FINANCIAL SUPPORT. LISC APPROVES AND APPOINTS ALL BOARD MEMBERS TO NEF INC.'S BOARD.
FORM 990, PART VI, SECTION A, LINE 7A	SAME AS LINE 6 EXPLANATION.
FORM 990, PART VI, SECTION B, LINE 11B	NEF'S FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY THE ORGANIZATION AND IN CONSULTATION WITH NEF STAFF MEMBERS. THE DRAFT PREPARED BY THE ACCOUNTING FIRM IS THEN REVIEWED BY NEF'S FINANCE AND LEGAL DEPARTMENTS. THE FINAL DRAFT IS THEN SENT TO THE AUDIT AND BUDGET COMMITTEE OF THE BOARD OF DIRECTORS. NEF'S BOARD OF DIRECTORS HAS DELEGATED RESPONSIBILITY TO REVIEW AND APPROVE THE FORM 990 TO THE AUDIT AND BUDGET COMMITTEE. A COPY OF THE FINAL VERSION OF THE FORM 990 IS PROVIDED TO EACH MEMBER OF THE FULL BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
FORM 990, PART VI, SECTION B, LINE 12C	NEF HAS A CONFLICT OF INTEREST POLICY COVERING ITS BOARD MEMBERS AND OFFICERS. ALL DIRECTORS AND OFFICERS ARE REQUIRED TO CERTIFY THEIR COMPLIANCE WITH THE COMPANY'S CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL CONFLICTS ANNUALLY. ANY CHANGES IN STATUS DURING THE YEAR SHOULD IMMEDIATELY BE REPORTED TO THE GENERAL COUNSEL. THE GENERAL COUNSEL IS RESPONSIBLE FOR REVIEWING THE CERTIFICATIONS AND ANY DISCLOSURES. IF A POTENTIAL CONFLICT OF INTEREST IS REPORTED, IT IS THE GENERAL COUNSEL'S RESPONSIBILITY TO DETERMINE WHETHER OR NOT A CONFLICT DOES, IN FACT, EXIST AND TO REVIEW THE SITUATION WITH THE CEO, THE CHAIRMAN OF THE BOARD, AND THE CHAIRMAN OF THE AUDIT AND BUDGET COMMITTEE TO DETERMINE HOW THE ISSUE SHOULD BE RESOLVED. A CONFLICTED OFFICER OR BOARD MEMBER WOULD BE EXCLUDED FROM PARTICIPATING IN DELIBERATIONS AND DECISIONS CONCERNING THE MATTER.
FORM 990, PART VI, SECTION B, LINE 15	COMPENSATION FOR SENIOR MANAGEMENT IS DETERMINED BY THE TALENT DEVELOPMENT AND COMPENSATION COMMITTEE OF NEF'S BOARD OF DIRECTORS. NO INDIVIDUALS WITH A CONFLICT OF INTEREST MAY BE INVOLVED IN THE COMPENSATION DETERMINATION PROCESS. NEF ANNUALLY ENGAGES INDEPENDENT COMPENSATION CONSULTANTS TO PROVIDE COMPARABILITY DATA FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. THE MINUTES OF THE TALENT DEVELOPMENT AND COMPENSATION COMMITTEE DOCUMENT THE COMMITTEE'S DELIBERATIONS AND DECISIONS REGARDING COMPENSATION.
FORM 990, PART VI, SECTION C, LINE 19	NEF MAKES ITS ANNUAL REPORT AVAILABLE TO THE PUBLIC ON ITS WEBSITE. IT DOES NOT CURRENTLY MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC.
FORM 990, PART XI, LINE 9:	CAPITAL CONTRIBUTIONS FROM OREGON CORP FOR AFF HSG 896,320. CAPITAL CONTRIBUTIONS FROM NEF COMMUNITY INVESTMENTS, INC. 6,500,000. CAPITAL CONTRIBUTIONS FROM RELATED ORGS (NEFDC) 600,000.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2023

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE R
(Form 990)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
Attach to Form 990.
Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2023

Open to Public Inspection

Name of the organization

NATIONAL EQUITY FUND INC

Employer identification number

36-3490231

Part I

Identification of Disregarded Entities. Complete if the organization answered "Yes" on Form 990, Part IV, line 33.

(a) Name, address, and EIN (if applicable) of disregarded entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Total income	(e) End-of-year assets	(f) Direct controlling entity
(1) NATIONAL EQUITY FUND COMMUNITY FINANCING LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 93-1315862	PREDEVELOPMENT FINANCING	NY	173,323	2,146,500	NEF INC

Part II

Identification of Related Tax-Exempt Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	(g) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	Yes	No
(1)COMMUNITY HOUSING FUND LLC 28 LIBERTY STREET 34TH FLOOR NEW YORK,NY10005 85-3731569	LENDING	DE	501(C)(3)	LINE 10	LISC		No
(2)LOCAL INITIATIVES SUPPORT CORPORATION 28 LIBERTY STREET 34TH FLOOR NEW YORK,NY10005 13-3030229	COMMUNITY DEVELOPMENT	NY	501(C)(3)	LINE 7	N/A		No
(3)NEF COMMUNITY INVESTMENTS INC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 36-4229337	LOW INCOME HOUSING	IL	501(C)(4)		NEF INC	Yes
(4)NEW YORK EQUITY FUND INC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 36-4041986	LOW INCOME HOUSING	IL	501(C)(4)		NEF INC	Yes
(5)OREGON CORP FOR AFFORDABLE HOUSING 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 93-1113844	LOW INCOME HOUSING	OR	501(C)(3)	LINE 10	NEF INC	Yes

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50135Y

Schedule R (Form 990) 2023

Page 2

Part III

Identification of Related Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had one or more related organizations treated as a partnership during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Predominant income(related, unrelated, excluded from tax under sections 512-514)	(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity		(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership
(1) ACD MIDWEST FUND I LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 36-4849878	LOW INCOME HOUSING	IL	N/A					No			No
(2) ACD MIDWEST FUND II LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 84-3620204	LOW INCOME HOUSING	IL	N/A					No			No
(3) BANC OF AMERICA COMMUNITY HOUSING INVESTMENT FUND II LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 20-0296106	LOW INCOME HOUSING	DE	NEF INC	RELATED	95			No		Yes		0.010 %
(4) BANC OF AMERICA COMMUNITY HOUSING INVESTMENT FUND III LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 20-3697681	LOW INCOME HOUSING	DE	NEF INC	RELATED	-299	1,691		No		Yes		0.010 %
(5) BANC OF AMERICA COMMUNITY HOUSING INVESTMENT FUND XIV LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 86-3415483	LOW INCOME HOUSING	IL	N/A					No			No
(6) BANC OF AMERICA COMMUNITY HOUSING INVESTMENT FUND XV LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 87-3437827	LOW INCOME HOUSING	IL	N/A					No			No
(7) BANC OF AMERICA COMMUNITY HOUSING INVESTMENT FUND XVI LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 88-2429200	LOW INCOME HOUSING	IL	N/A					No			No
(8) BANK OF AMERICA COMMUNITY HOUSING INVESTMENT FUND IV LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 26-1851404	LOW INCOME HOUSING	DE	NEF INC	RELATED	1,970			No		Yes		0.010 %
(9) BANK OF AMERICA COMMUNITY HOUSING INVESTMENT FUND IX LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 38-3979094	LOW INCOME HOUSING	IL	N/A					No			No
(10) BANK OF AMERICA COMMUNITY HOUSING INVESTMENT FUND VI LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 27-3402632	LOW INCOME HOUSING	DE	N/A					No			No
(11) BANK OF AMERICA COMMUNITY HOUSING INVESTMENT FUND VII LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 90-0885709	LOW INCOME HOUSING	IL	N/A					No			No
(12) BANK OF AMERICA COMMUNITY HOUSING INVESTMENT FUND VIII LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 30-0829863	LOW INCOME HOUSING	IL	N/A					No			No
(13) BANK OF AMERICA COMMUNITY HOUSING INVESTMENT FUND X LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 30-1011322	LOW INCOME HOUSING	IL	N/A					No			No
(14) BANK OF AMERICA COMMUNITY HOUSING INVESTMENT FUND XI LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 84-2463274	LOW INCOME HOUSING	IL	N/A					No			No
(15) BANK OF AMERICA COMMUNITY HOUSING INVESTMENT FUND XII LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 84-4189706	LOW INCOME HOUSING	IL	N/A					No			No
(16) BANK OF AMERICA COMMUNITY HOUSING INVESTMENT FUND XIII LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 85-2829333	LOW INCOME HOUSING	IL	N/A					No			No
(17) BLACK VISION FUND LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 87-2431411	COMMUNITY DEV	DE	N/A					No			No
(18) BOA ADDABBO INVESTMENT FUND LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 56-1762616	COMMUNITY DEV	DE	N/A					No			No
(19) BOA BARTLETT YARD INVESTMENT FUND 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 56-1762616	COMMUNITY DEV	DE	N/A					No			No
(20) BOA GOODWILL CHARLOTTE INVESTMENT FUND 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 56-1762616	COMMUNITY DEV	DE	N/A					No			No
(21) BOA RUMRILL PARK INVESTMENT FUND 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 56-1762616	COMMUNITY DEV	DE	N/A					No			No
(22) BOA URBAN CORPS INVESTMENT FUND 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 56-1762616	COMMUNITY DEV	DE	N/A					No			No
(23) BOA WATERFIRE INVESTMENT FUND LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 56-1762616	COMMUNITY DEV	DE	N/A					No			No
(24) CALIFORNIA EQUITY FUND 2004 LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 20-1384513	LOW INCOME HOUSING	DE	NEF INC	RELATED		2,816		No		Yes
(25) CALIFORNIA EQUITY FUND 2013 LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 61-1695178	LOW INCOME HOUSING	DE	N/A					No			No
(26) CALIFORNIA EQUITY FUND 2014 LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 35-2484320	LOW INCOME HOUSING	IL	N/A					No			No
(27) CALIFORNIA EQUITY FUND 2015 LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 61-1756884	LOW INCOME HOUSING	IL	N/A					No			No
(28) CALIFORNIA EQUITY FUND 2016 LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 81-1109151	LOW INCOME HOUSING	IL	N/A					No			No
(29) CALIFORNIA EQUITY FUND 2017 LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 37-1849245	LOW INCOME HOUSING	IL	N/A					No			No
(30) CALIFORNIA EQUITY FUND 2018 LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 82-4072163	LOW INCOME HOUSING	IL	N/A					No			No
(31) CALIFORNIA EQUITY FUND 2019 LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 83-2877793	LOW INCOME HOUSING	IL	N/A					No			No
(32) CALIFORNIA EQUITY FUND 2020 LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 84-4324364	LOW INCOME HOUSING	IL	N/A					No			No
(33) CALIFORNIA EQUITY FUND 2021 LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 86-2677106	LOW INCOME HOUSING	IL	N/A					No			No
(34) CALIFORNIA EQUITY FUND 2022 LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 88-1028647	LOW INCOME HOUSING	IL	N/A					No			No
(35) CAPITAL ACCESS FUND OF CLEVELAND 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 81-4452390	COMMUNITY DEV	DE	N/A					No			No
(36) CAPITOL THEATRE INVESTMENT FUND 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 46-4094343	COMMUNITY DEV	DE	N/A					No			No
(37) CATHAY SHARED INVESTMENT FUND I LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 37-1761153	LOW INCOME HOUSING	IL	N/A					No			No
(38) CATHAY SHARED INVESTMENT FUND II LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 35-2562487	LOW INCOME HOUSING	IL	N/A					No			No
(39) CATHAY SHARED INVESTMENT FUND III LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 32-0534451	LOW INCOME HOUSING	IL	N/A					No			No
(40) CATHAY SHARED INVESTMENT FUND IV LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 84-2113642	LOW INCOME HOUSING	IL	N/A					No			No
(41) CHASE NMTC AVONDALE INVESTMENT 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 36-4731461	COMMUNITY DEV	DE	N/A					No			No
(42) CHASE NMTC BRUNSWICK INVESTMENT 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 30-0756611	COMMUNITY DEV	DE	N/A					No			No
(43) CHASE NMTC EMMI ROTH INVESTMENT 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 46-0666418	COMMUNITY DEV	DE	N/A					No			No
(44) CHICAGO EQUITY FUND 2003 LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 30-0149138	LOW INCOME HOUSING	IL	N/A					No			No
(45) CHICAGO EQUITY FUND 2004 LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 32-0106888	LOW INCOME HOUSING	IL	N/A					No			No
(46) CIBC BANK USA AFFORDABLE HOUSING 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 37-1841929	LOW INCOME HOUSING	IL	N/A					No			No
(47) CITIGROUP CCDE INVESTMENT FUND LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 36-4425650	LOW INCOME HOUSING	DE	NEF INC	RELATED	7	465		No		Yes		0.010 %
(48) COVINGTON INVESTMENT FUND LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 27-1490747	LOW INCOME HOUSING	DE	N/A					No			No
(49) CRESCENT COMMUNITY INVESTMENT FUND LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 26-0859985	LOW INCOME HOUSING	DE	NEF INC	RELATED	-108,237	13,805		No		Yes		0.010 %
(50) EDWARDS LIFESCIENCES PROPEL LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 87-1666123	COMMUNITY DEV	DE	N/A					No			No
(51) THE EMERALD AFFORDABLE HOUSING OZONE FUND 2021 LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 86-2701726	LOW INCOME HOUSING	IL	N/A					No			No
(52) FIFTH THIRD INVESTMENT FUND II LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 85-1368313	LOW INCOME HOUSING	IL	N/A					No			No
(53) FIFTH THIRD INVESTMENT FUND LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 94-3427804	LOW INCOME HOUSING	DE	N/A					No			No
(54) FNBC LEASING INVESTMENT FUND LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 20-5046285	LOW INCOME HOUSING	DE	NEF INC	RELATED	-297	330,873		No		Yes		0.010 %
(55) FOUR EIGHTY-ONE HOUSING INVESTMENT FUND LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 27-0711050	LOW INCOME HOUSING	DE	N/A					No			No
(56) FOUR EIGHTY-ONE HOUSING INVESTMENT FUND II LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 45-3754747	LOW INCOME HOUSING	IL	N/A					No			No
(57) FOUR EIGHTY-ONE HOUSING INVESTMENT FUND III LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 90-0929576	LOW INCOME HOUSING	IL	N/A					No			No
(58) FOUR EIGHTY-ONE HOUSING INVESTMENT FUND IV LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 32-0449544	LOW INCOME HOUSING	IL	N/A					No			No
(59) FOUR EIGHTY-ONE HOUSING INVESTMENT FUND V LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 37-1895553	LOW INCOME HOUSING	IL	N/A					No			No
(60) FOUR EIGHTY-ONE HOUSING INVESTMENT FUND VI LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 87-1041939	LOW INCOME HOUSING	IL	N/A					No			No
(61) GOOD JOBS INVESTMENT FUND LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 82-4882566	COMMUNITY DEV	DE	N/A					No			No
(62) GOOD JOBS LOAN FUND LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 13-4251148	COMMUNITY DEV	DE	N/A					No			No
(63) GRC NMTC INVESTMENT FUND LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 81-2898225	COMMUNITY DEV	DE	N/A					No			No
(64) GROW INDIANAPOLIS FUND II LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 84-4767084	COMMUNITY DEV	DE	N/A					No			No
(65) GROW INDIANAPOLIS FUND LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 82-2399355	COMMUNITY DEV	DE	N/A					No			No
(66) GS-NYEF 2009 LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 27-1086070	LOW INCOME HOUSING	DE	N/A					No			No
(67) HAWAII AFFORDABLE HOUSING FUND I LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 30-0966297	LOW INCOME HOUSING	IL	N/A					No			No
(68) HEALTHY FUTURES FQHC FINANCING II 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 81-1437841	COMMUNITY DEV	DE	N/A					No			No
(69) HEALTHY FUTURES FUND III LP 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 84-4091148	COMMUNITY DEV	DE	N/A					No			No
(70) HOMESTEAD EQUITY FUND IV LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 72-1552615	LOW INCOME HOUSING	OR	N/A					No			No
(71) HOMESTEAD EQUITY FUND V LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 20-0912383	LOW INCOME HOUSING	OR	N/A					No			No
(72) HOMESTEAD EQUITY FUND VI LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 20-3624501	LOW INCOME HOUSING	OR	N/A					No			No
(73) HOMESTEAD EQUITY FUND VII LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 26-0796373	LOW INCOME HOUSING	OR	N/A					No			No
(74) HOMESTEAD EQUITY FUND VIII LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 26-3897389	LOW INCOME HOUSING	OR	N/A					No			No
(75) HOMESTEAD EQUITY FUND X LIMITED PARTNERSHIP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 38-3889070	LOW INCOME HOUSING	DE	N/A					No			No
(76) HOMESTEAD EQUITY FUND XI LIMITED PARTNERSHIP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 90-0973765	LOW INCOME HOUSING	DE	N/A					No			No
(77) HOMESTEAD EQUITY FUND XII LIMITED PARTNERSHIP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 38-3958343	LOW INCOME HOUSING	IL	N/A					No			No
(78) HOMESTEAD EQUITY FUND XIII LIMITED PARTNERSHIP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 81-2165545	LOW INCOME HOUSING	IL	N/A					No			No
(79) HOMESTEAD EQUITY FUND XIV LIMITED PARTNERSHIP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 35-2602407	LOW INCOME HOUSING	IL	N/A					No			No
(80) HOMESTEAD EQUITY FUND XV LIMITED PARTNERSHIP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 83-0926813	LOW INCOME HOUSING	IL	N/A					No			No
(81) HOMESTEAD EQUITY FUND XVI LIMITED PARTNERSHIP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 84-2071025	LOW INCOME HOUSING	IL	N/A					No			No
(82) HOMESTEAD EQUITY FUND XVII LIMITED PARTNERSHIP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 85-1793386	LOW INCOME HOUSING	IL	N/A					No			No
(83) HOMESTEAD NORTHERN CALIFORNIA FUND LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 20-4596836	LOW INCOME HOUSING	OR	N/A					No			No
(84) HOMESTEAD PRESERVATION LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 27-3520887	LOW INCOME HOUSING	IL	N/A					No			No
(85) HOMESTEAD WESTERN COMMUNITIES FUND LIMITED PARTNERSHIP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 20-0912505	LOW INCOME HOUSING	OR	N/A					No			No
(86) HORIZON VILLAGE ONE LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 20-0014388	LOW INCOME HOUSING	DE	N/A					No			No
(87) IMPOWER FUND I LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 86-3281563	COMMUNITY DEV	DE	N/A					No			No
(88) JOB CREATION AND COMMUNITY REV 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 45-2826339	COMMUNITY DEV	DE	N/A					No			No
(89) JP MORGAN CHASE LOW-INCOME HOUSING FUND LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 36-4406946	LOW INCOME HOUSING	DE	NEF INC	RELATED	13			No		Yes		0.010 %
(90) KMI INVESTMENT FUND LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 56-1762616	COMMUNITY DEV	DE	N/A					No			No
(91) MARTHA'S TABLE INVESTMENT FUND 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 82-0776271	COMMUNITY DEV	DE	N/A					No			No
(92) MLI INVESTMENT FUND II LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 26-2554858	LOW INCOME HOUSING	DE	N/A					No			No
(93) MS 2020 SUPPORTING RESILIENT COMMUNITIES FUND LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 85-1229054	LOW INCOME HOUSING	IL	N/A					No			No
(94) MS CTR FUND I LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 36-4860774	LOW INCOME HOUSING	IL	N/A					No			No
(95) MS CTR FUND II LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 32-0530821	LOW INCOME HOUSING	IL	N/A					No			No
(96) MS NMSC EQUITY FUND LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 46-4107516	COMMUNITY DEV	DE	N/A					No			No
(97) MS SHARED INVESTMENT FUND I LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 27-1490797	LOW INCOME HOUSING	DE	N/A					No			No
(98) MS SINGLE INVESTOR FUND I LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 27-1499871	LOW INCOME HOUSING	DE	N/A					No			No
(99) MS SINGLE INVESTOR FUND II LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 90-0859804	LOW INCOME HOUSING	IL	N/A					No			No
(100) MS SINGLE INVESTOR FUND III LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 35-2458273	LOW INCOME HOUSING	IL	N/A					No			No
(101) MS SINGLE INVESTOR FUND IV LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 61-1790691	LOW INCOME HOUSING	DE	N/A					No			No
(102) MS SINGLE INVESTOR FUND V LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 32-0531589	LOW INCOME HOUSING	IL	N/A					No			No
(103) MS SINGLE INVESTOR FUND VI LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 36-4933699	LOW INCOME HOUSING	IL	N/A					No			No
(104) MS SINGLE INVESTOR FUND VII LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 85-0577381	LOW INCOME HOUSING	IL	N/A					No			No
(105) NATIONAL AFFORDABLE HOUSING FUND I LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 26-1177748	LOW INCOME HOUSING	DE	N/A					No			No
(106) NATIONAL EQUITY FUND 1996 LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 36-4094851	LOW INCOME HOUSING	DE	NEF INC	RELATED	40	1,450		No		Yes		0.010 %
(107) NATIONAL EQUITY FUND 1996 SERIES II LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 36-4097771	LOW INCOME HOUSING	DE	NEF INC	RELATED	-28	55,563		No		Yes		0.010 %
(108) NATIONAL EQUITY FUND 1999 LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 36-4262821	LOW INCOME HOUSING	DE	NEF INC	RELATED	669			No		Yes		0.010 %
(109) NATIONAL EQUITY FUND 2002 LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 75-3045298	LOW INCOME HOUSING	DE	NEF INC	RELATED	100			No		Yes
(110) NATIONAL EQUITY FUND 2003 LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 20-0083344	LOW INCOME HOUSING	DE	NEF INC	RELATED	-2	1,992		No		Yes
(111) NATIONAL EQUITY FUND 2004 LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 20-1909507	LOW INCOME HOUSING	DE	NEF INC	RELATED	4	52,302		No		Yes
(112) NATIONAL EQUITY FUND 2005 LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 20-3052057	LOW INCOME HOUSING	DE	NEF INC	RELATED	-10	10,765		No		Yes
(113) NATIONAL EQUITY FUND 2006 LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 20-4587136	LOW INCOME HOUSING	DE	NEF INC	RELATED	-6	33,319		No		Yes
(114) NATIONAL EQUITY FUND 2006 SERIES II LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 20-5575038	LOW INCOME HOUSING	DE	NEF INC	RELATED	-4	9,566		No		Yes
(115) NATIONAL EQUITY FUND 2007 LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 20-8189381	LOW INCOME HOUSING	DE	N/A					No			No
(116) NATIONAL EQUITY FUND 2007 SERIES II LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 20-8864796	LOW INCOME HOUSING	DE	N/A					No			No
(117) NATIONAL EQUITY FUND 2008 LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 26-1775928	LOW INCOME HOUSING	DE	N/A					No			No
(118) NATIONAL EQUITY FUND 2008 SERIES II LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 26-2740220	LOW INCOME HOUSING	DE	N/A					No			No
(119) NATIONAL EQUITY FUND 2009 LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 26-4818735	LOW INCOME HOUSING	DE	N/A					No			No
(120) NATIONAL EQUITY FUND 2011 INVESTMENT FUND LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 45-2642927	LOW INCOME HOUSING	IL	N/A					No			No
(121) NATIONAL EQUITY FUND 2011 LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 45-3062097	LOW INCOME HOUSING	IL	N/A					No			No
(122) NATIONAL EQUITY FUND 2012 LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 90-0808241	LOW INCOME HOUSING	IL	N/A					No			No
(123) NATIONAL EQUITY FUND 2013 LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 90-0937028	LOW INCOME HOUSING	IL	N/A					No			No
(124) NATIONAL EQUITY FUND 2014 LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 61-1735239	LOW INCOME HOUSING	IL	N/A					No			No
(125) NATIONAL EQUITY FUND 2017 LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 32-0532621	LOW INCOME HOUSING	IL	N/A					No			No
(126) NATIONAL EQUITY FUND 2018 LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 83-0825854	LOW INCOME HOUSING	IL	N/A					No			No
(127) NATIONAL EQUITY FUND 2019 LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 84-2626080	LOW INCOME HOUSING	IL	N/A					No			No
(128) NATIONAL EQUITY FUND 2020 LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 85-1654515	LOW INCOME HOUSING	IL	N/A					No			No
(129) NATIONAL EQUITY FUND 2020 SERIES II LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 85-3138063	LOW INCOME HOUSING	IL	N/A					No			No
(130) NATIONAL EQUITY FUND 2021 LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 87-2842839	LOW INCOME HOUSING	IL	N/A					No			No
(131) NATIONAL EQUITY FUND 2022 LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 88-0768490	LOW INCOME HOUSING	IL	N/A					No			No
(132) NATIONWIDE AFFORDABLE HOUSING FUND XX - NEF LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 20-1651241	LOW INCOME HOUSING	DE	N/A					No			No
(133) NEF 2018 TEXAS REGIONAL FUND LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 83-0850442	LOW INCOME HOUSING	IL	N/A					No			No
(134) NEF 2019 TEXAS REGIONAL FUND LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 84-3506045	LOW INCOME HOUSING	IL	N/A					No			No
(135) NEF AFFORDABLE HOUSING INVSTMENT FUND II LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 27-2395998	LOW INCOME HOUSING	DE	N/A					No			No
(136) NEF AFFORDABLE HOUSING INVSTMENT FUND LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 27-0719219	LOW INCOME HOUSING	DE	N/A					No			No
(137) NEF AFFORDABLE HOUSING INVESTMENT FUND III LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 45-1682803	LOW INCOME HOUSING	DE	N/A					No			No
(138) NEF CAPITAL ONE INVESTMENT FUND LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 90-0843727	LOW INCOME HOUSING	IL	N/A					No			No
(139) NEF CAPITAL ONE INVESTMENT FUND II LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 85-0691261	LOW INCOME HOUSING	IL	N/A					No			No
(140) NEF CHICAGO WEST TOWN FUND LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 38-4026337	LOW INCOME HOUSING	IL	N/A					No			No
(141) NEF COMMUNITY INVESTMENT FUND II LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 20-1309458	LOW INCOME HOUSING	DE	NEF INC	RELATED		-4,532		No		Yes		0.010 %
(142) NEF COMMUNITY INVESTMENT FUND LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 36-4406954	LOW INCOME HOUSING	DE	NEF INC	RELATED	-27	2,715		No		Yes		0.010 %
(143) NEF COMMUNITY PRESERVATION FUND I LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 61-1915931	LOW INCOME HOUSING	DE	N/A					No			No
(144) NEF COMPASS SHARED INVESTMENT I LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 30-0848864	LOW INCOME HOUSING	IL	N/A					No			No
(145) NEF EMERGING MINORITY DEVELOPER FUND LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 86-1325185	LOW INCOME HOUSING	IL	N/A					No			No
(146) NEF ENCANTO POINTE MIDDLE TIER FUND LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 45-3343607	LOW INCOME HOUSING	IL	N/A					No			No
(147) NEF FIRST NIAGARA INVESTMENT FUND LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 45-2756618	LOW INCOME HOUSING	IL	N/A					No			No
(148) NEF FLORIDA AFFORDABLE HOUSING FUND II LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 84-3036241	LOW INCOME HOUSING	IL	N/A					No			No
(149) NEF FLORIDA AFFORDABLE HOUSING FUND LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 82-5019383	LOW INCOME HOUSING	IL	N/A					No			No
(150) NEF FRE AFFORDABLE HOUSING FUND LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 37-1908305	LOW INCOME HOUSING	IL	N/A					No			No
(151) NEF HAWAII SHARED INVESTMENT FUND I LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 86-3163228	LOW INCOME HOUSING	IL	N/A					No			No
(152) NEF HUNTINGTON AFFORDABLE HOUSING FUND I LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 85-1527147	LOW INCOME HOUSING	IL	N/A					No			No
(153) NEF INVESTMENT PARTNERS FUND I LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 27-0186285	LOW INCOME HOUSING	DE	N/A					No			No
(154) NEF INVESTMENT PARTNERS FUND III LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 45-3343649	LOW INCOME HOUSING	IL	N/A					No			No
(155) NEF INVESTMENT PARTNERS FUND IV LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 61-1686144	LOW INCOME HOUSING	IL	N/A					No			No
(156) NEF INVESTMENT PARTNERS FUND IX LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 83-4705575	LOW INCOME HOUSING	IL	N/A					No			No
(157) NEF INVESTMENT PARTNERS FUND V LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 35-2504836	LOW INCOME HOUSING	IL	N/A					No			No
(158) NEF INVESTMENT PARTNERS FUND VI LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 38-3971141	LOW INCOME HOUSING	IL	N/A					No			No
(159) NEF INVESTMENT PARTNERS FUND VII LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 37-1804681	LOW INCOME HOUSING	IL	N/A					No			No
(160) NEF INVESTMENT PARTNERS FUND VIII LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 83-3476175	LOW INCOME HOUSING	IL	N/A					No			No
(161) NEF INVESTMENT PARTNERS FUND X LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 86-1729304	LOW INCOME HOUSING	IL	N/A					No			No
(162) NEF KEY SHARED INVESTMENT FUND LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 30-0877385	LOW INCOME HOUSING	IL	N/A					No			No
(163) NEF NATIONAL COMMUNITY INVESTMENT FUND II LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 45-1167950	LOW INCOME HOUSING	DE	N/A					No			No
(164) NEF NATIONAL COMMUNITY INVESTMENT FUND III LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 38-3939169	LOW INCOME HOUSING	IL	N/A					No			No
(165) NEF NEIGHBORHOOD REVITALIZATION FUND I LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 27-0186322	LOW INCOME HOUSING	DE	N/A					No			No
(166) NEF NEIGHBORHOOD REVITALIZATION FUND II LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 27-4033192	LOW INCOME HOUSING	DE	N/A					No			No
(167) NEF NEW YORK REGIONAL FUND LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 35-2608095	LOW INCOME HOUSING	IL	N/A					No			No
(168) NEF NEW YORK SPECIAL TAX CREDIT 2009 LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 27-0365747	LOW INCOME HOUSING	DE	N/A					No			No
(169) NEF NEW YORK SPECIAL TAX CREDIT 2016 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 36-4843279	LOW INCOME HOUSING	IL	N/A					No			No
(170) NEF ORCHARD WESTCHASE MIDDLE TIER FD LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 45-3343435	LOW INCOME HOUSING	IL	N/A					No			No
(171) NEF PREDEVELOPMENT LOAN FUND I LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 86-3254325	PREDEVELOPMENT FINANCING	IL	N/A					No			No
(172) NEF PRESERVATION CAPITAL ADVISORS LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 87-3619529	LOW INCOME HOUSING	IL	N/A					No			No
(173) NEF PRESERVATION FUND II LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 30-0995844	LOW INCOME HOUSING	DE	N/A					No			No
(174) NEF PRESERVATION MORTGAGE LOAN FUND I LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 61-1850207	LOW INCOME HOUSING	DE	N/A					No			No
(175) NEF PRESERVATION MORTGAGE LOAN FUND II LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 86-2874609	LOW INCOME HOUSING	DE	N/A					No			No
(176) NEF PRESERVATION PB FUND I LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 84-4796560	LOW INCOME HOUSING	DE	N/A					No			No
(177) NEF RBS CITIZENS INVESTMENT FUND I LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 90-1021547	LOW INCOME HOUSING	IL	N/A					No			No
(178) NEF REGIONAL FUND I - CHICAGO LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 80-0944868	LOW INCOME HOUSING	IL	N/A					No			No
(179) NEF REGIONAL FUND II - FLORIDA LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 32-0421685	LOW INCOME HOUSING	IL	N/A					No			No
(180) NEF REGIONAL FUND IV - NORTHEAST LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 38-3926967	LOW INCOME HOUSING	IL	N/A					No			No
(181) NEF REGIONAL FUND IX - TEXAS LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 81-2699717	LOW INCOME HOUSING	IL	N/A					No			No
(182) NEF REGIONAL FUND V - CHICAGO LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 36-4792159	LOW INCOME HOUSING	IL	N/A					No			No
(183) NEF REGIONAL FUND VII - CHICAGO LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 35-2532766	LOW INCOME HOUSING	IL	N/A					No			No
(184) NEF REGIONAL FUND VIII - CHICAGO LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 81-2158194	LOW INCOME HOUSING	IL	N/A					No			No
(185) NEF SECONDARY II - CALIFORNIA LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 81-3689637	LOW INCOME HOUSING	IL	N/A					No			No
(186) NEF STCC AFFORDABLE HOUSING FUND I LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 36-4808360	LOW INCOME HOUSING	IL	N/A					No			No
(187) NEF WEBSTER LIHTC FUND I LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 35-2534716	LOW INCOME HOUSING	DE	N/A					No			No
(188) NEF WORKFORCE HOUSING INNOVATION FUND LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 87-3782072	LOW AND MODERATE INCOME HOUSING	DE	N/A					No			No
(189) NEW MARKETS INVESTMENT 100 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 47-3884222	COMMUNITY DEV	DE	N/A					No			No
(190) NEW MARKETS INVESTMENT 101 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 81-1807909	COMMUNITY DEV	DE	N/A					No			No
(191) NEW MARKETS INVESTMENT 102 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 81-1826980	COMMUNITY DEV	DE	N/A					No			No
(192) NEW MARKETS INVESTMENT 103 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 81-1840816	COMMUNITY DEV	DE	N/A					No			No
(193) NEW MARKETS INVESTMENT 104 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 81-1862505	COMMUNITY DEV	DE	N/A					No			No
(194) NEW MARKETS INVESTMENT 105 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 81-1868955	COMMUNITY DEV	DE	N/A					No			No
(195) NEW MARKETS INVESTMENT 107 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 81-1909068	COMMUNITY DEV	DE	N/A					No			No
(196) NEW MARKETS INVESTMENT 108 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 81-1933703	COMMUNITY DEV	DE	N/A					No			No
(197) NEW MARKETS INVESTMENT 109 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 81-1991970	COMMUNITY DEV	DE	N/A					No			No
(198) NEW MARKETS INVESTMENT 110 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 81-2000196	COMMUNITY DEV	DE	N/A					No			No
(199) NEW MARKETS INVESTMENT 111 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 81-2018542	COMMUNITY DEV	DE	N/A					No			No
(200) NEW MARKETS INVESTMENT 113 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 82-1425915	COMMUNITY DEV	DE	N/A					No			No
(201) NEW MARKETS INVESTMENT 115 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 82-1444509	COMMUNITY DEV	DE	N/A					No			No
(202) NEW MARKETS INVESTMENT 116 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 82-1462161	COMMUNITY DEV	DE	N/A					No			No
(203) NEW MARKETS INVESTMENT 117 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 82-1478656	COMMUNITY DEV	DE	N/A					No			No
(204) NEW MARKETS INVESTMENT 118 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 82-1495537	COMMUNITY DEV	DE	N/A					No			No
(205) NEW MARKETS INVESTMENT 119 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 82-1510156	COMMUNITY DEV	DE	N/A					No			No
(206) NEW MARKETS INVESTMENT 120 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 82-1528256	COMMUNITY DEV	DE	N/A					No			No
(207) NEW MARKETS INVESTMENT 121 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 82-1545938	COMMUNITY DEV	DE	N/A					No			No
(208) NEW MARKETS INVESTMENT 122 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 82-1558629	COMMUNITY DEV	DE	N/A					No			No
(209) NEW MARKETS INVESTMENT 124 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 82-1587988	COMMUNITY DEV	DE	N/A					No			No
(210) NEW MARKETS INVESTMENT 125 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 84-3129441	COMMUNITY DEV	DE	N/A					No			No
(211) NEW MARKETS INVESTMENT 126 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 84-3142158	COMMUNITY DEV	DE	N/A					No			No
(212) NEW MARKETS INVESTMENT 127 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 84-3162888	COMMUNITY DEV	DE	N/A					No			No
(213) NEW MARKETS INVESTMENT 128 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 84-3177936	COMMUNITY DEV	DE	N/A					No			No
(214) NEW MARKETS INVESTMENT 129 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 84-3188805	COMMUNITY DEV	DE	N/A					No			No
(215) NEW MARKETS INVESTMENT 130 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 84-3205122	COMMUNITY DEV	DE	N/A					No			No
(216) NEW MARKETS INVESTMENT 131 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 84-3218253	COMMUNITY DEV	DE	N/A					No			No
(217) NEW MARKETS INVESTMENT 132 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 84-3233954	COMMUNITY DEV	DE	N/A					No			No
(218) NEW MARKETS INVESTMENT 133 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 84-3263260	COMMUNITY DEV	DE	N/A					No			No
(219) NEW MARKETS INVESTMENT 134 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 84-3275453	COMMUNITY DEV	DE	N/A					No			No
(220) NEW MARKETS INVESTMENT 135 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 84-3294130	COMMUNITY DEV	DE	N/A					No			No
(221) NEW MARKETS INVESTMENT 136 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 85-3265966	COMMUNITY DEV	DE	N/A					No			No
(222) NEW MARKETS INVESTMENT 137 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 85-3281288	COMMUNITY DEV	DE	N/A					No			No
(223) NEW MARKETS INVESTMENT 138 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 85-3307537	COMMUNITY DEV	DE	N/A					No			No
(224) NEW MARKETS INVESTMENT 139 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 87-1581042	COMMUNITY DEV	DE	N/A					No			No
(225) NEW MARKETS INVESTMENT 140 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 87-1606230	COMMUNITY DEV	DE	N/A					No			No
(226) NEW MARKETS INVESTMENT 141 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 87-1645522	COMMUNITY DEV	DE	N/A					No			No
(227) NEW MARKETS INVESTMENT 142 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 87-1674379	COMMUNITY DEV	DE	N/A					No			No
(228) NEW MARKETS INVESTMENT 143 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 87-1699063	COMMUNITY DEV	DE	N/A					No			No
(229) NEW MARKETS INVESTMENT 144 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 87-1717857	COMMUNITY DEV	DE	N/A					No			No
(230) NEW MARKETS INVESTMENT 145 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 87-1761540	COMMUNITY DEV	DE	N/A					No			No
(231) NEW MARKETS INVESTMENT 146 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 88-0850231	COMMUNITY DEV	DE	N/A					No			No
(232) NEW MARKETS INVESTMENT 147 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 88-0878997	COMMUNITY DEV	DE	N/A					No			No
(233) NEW MARKETS INVESTMENT 148 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 88-0899676	COMMUNITY DEV	DE	N/A					No			No
(234) NEW MARKETS INVESTMENT 149 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 88-0944572	COMMUNITY DEV	DE	N/A					No			No
(235) NEW MARKETS INVESTMENT 150 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 88-0992285	COMMUNITY DEV	DE	N/A					No			No
(236) NEW MARKETS INVESTMENT 151 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 88-1100359	COMMUNITY DEV	DE	N/A					No			No
(237) NEW MARKETS INVESTMENT 152 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 88-1176897	COMMUNITY DEV	DE	N/A					No			No
(238) NEW MARKETS INVESTMENT 153 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 88-1187968	COMMUNITY DEV	DE	N/A					No			No
(239) NEW MARKETS INVESTMENT 154 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 88-1230295	COMMUNITY DEV	DE	N/A					No			No
(240) NEW MARKETS INVESTMENT 155 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 88-1252536	COMMUNITY DEV	DE	N/A					No			No
(241) NEW MARKETS INVESTMENT 75 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 45-3971476	COMMUNITY DEV	DE	N/A					No			No
(242) NEW MARKETS INVESTMENT 81 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 46-0671920	COMMUNITY DEV	DE	N/A					No			No
(243) NEW MARKETS INVESTMENT 89 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 46-5341901	COMMUNITY DEV	DE	N/A					No			No
(244) NEW MARKETS INVESTMENT 91 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 46-5364281	COMMUNITY DEV	DE	N/A					No			No
(245) NEW YORK EQUITY FUND 1995 LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 36-4033218	LOW INCOME HOUSING	NY	NEF INC	RELATED	-23	-103		No		Yes		0.010 %
(246) NEW YORK EQUITY FUND 1995 SERIES II LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 36-4047569	LOW INCOME HOUSING	NY	N/A					No			No
(247) NEW YORK EQUITY FUND 2000 LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 36-4187874	LOW INCOME HOUSING	NY	NEF INC	RELATED	326	-1,576		No		Yes		0.010 %
(248) NEW YORK EQUITY FUND 2000 SERIES II LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 36-4190655	LOW INCOME HOUSING	NY	N/A					No			No
(249) NEW YORK EQUITY FUND 2001 LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 36-4402575	LOW INCOME HOUSING	DE	N/A					No			No
(250) NEW YORK EQUITY FUND 2002 LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 72-1536444	LOW INCOME HOUSING	DE	N/A					No			No
(251) NEW YORK EQUITY FUND 2003 LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 20-0335458	LOW INCOME HOUSING	DE	N/A					No			No
(252) NEW YORK EQUITY FUND 2004 LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 80-0132471	LOW INCOME HOUSING	DE	N/A					No			No
(253) NEW YORK EQUITY FUND 2005 LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 20-3760899	LOW INCOME HOUSING	DE	N/A					No			No
(254) NEW YORK EQUITY FUND 2006 LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 20-5705331	LOW INCOME HOUSING	DE	N/A					No			No
(255) NEW YORK EQUITY FUND 2008 LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 26-2775151	LOW INCOME HOUSING	DE	N/A					No			No
(256) NORTHERN CALIFORNIA INVESTMENT FUND I LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 45-3077326	LOW INCOME HOUSING	DE	N/A					No			No
(257) NORTHERN CALIFORNIA INVESTMENT FUND II LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 35-2511685	LOW INCOME HOUSING	IL	N/A					No			No
(258) NORTHERN CALIFORNIA INVESTMENT FUND III LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 83-0989214	LOW INCOME HOUSING	IL	N/A					No			No
(259) NORTHERN CALIFORNIA INVESTMENT FUND IV LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 86-2257172	LOW INCOME HOUSING	IL	N/A					No			No
(260) NYC DISTRESSED MULTIFAMILY HOUSING FUND II LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 81-4413884	LOW AND MODERATE INCOME HOUSING	DE	N/A					No			No
(261) OAK HILLS INVESTMENT FUND LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 46-1193805	COMMUNITY DEV	DE	N/A					No			No
(262) ONE ECONOMY FUND I LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 20-2660021	LOW INCOME HOUSING	DE	NEF INC	RELATED	3	807,698		No		Yes
(263) OWNERSHIP FOR CHANGE LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 84-3845666	COMMUNITY DEV	DE	N/A					No			No
(264) PRESERVATION LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 20-5160740	LOW INCOME HOUSING	DE	N/A					No			No
(265) PROPEL NMTC COLLEGE PARK INVESTMENT FUND LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 81-0747394	COMMUNITY DEV	DE	N/A					No			No
(266) PROPEL NMTC PATH INVESTMENT FUND LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 81-0747394	COMMUNITY DEV	DE	N/A					No			No
(267) PROPEL NMTC SKILLS CENTER INVESTMENT FUND LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 81-0747394	COMMUNITY DEV	DE	N/A					No			No
(268) STANDARD FUND I LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 45-2066675	LOW INCOME HOUSING	DE	N/A					No			No
(269) STATE FARM GOOD NEIGHBOR FUND 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 27-1973833	LOW INCOME HOUSING	DE	N/A					No			No
(270) STERLING NATIONAL BANK AFFORDABLE HOUSING 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 35-2611296	LOW INCOME HOUSING	IL	N/A					No			No
(271) SVB COASTAL FUND I LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 92-0240376	LOW INCOME HOUSING	IL	N/A					No			No
(272) TD BANKNORTH HOUSING INVESTMENT FUND LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 20-4417284	LOW INCOME HOUSING	DE	N/A					No			No
(273) THE EQUITABLE HEALTH FUND LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 88-1024962	COMMUNITY DEV	DE	N/A					No			No
(274) THE LA QUINTA EQUITY FUND LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 26-2400960	LOW INCOME HOUSING	DE	N/A					No			No
(275) UPTOWN CENTER INVESTMENT FUND 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 47-4170438	COMMUNITY DEV	DE	N/A					No			No
(276) US AFFORDABLE HOUSING COMMUNITY INVESTMENT FUND II LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 20-4417160	LOW INCOME HOUSING	DE	NEF INC	RELATED	67			No		Yes		0.010 %
(277) WFCIH INVESTMENT FUND I LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 27-2007684	LOW INCOME HOUSING	DE	N/A					No			No
(278) WFCIH INVESTMENT FUND II LLC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 27-5558178	LOW INCOME HOUSING	DE	N/A					No			No
(279) WFCIH INVESTMENT FUND III LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 38-3968675	LOW INCOME HOUSING	IL	N/A					No			No
(280) WINTRUST COMMUNITY INVESTMENT 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 27-2440641	LOW INCOME HOUSING	DE	N/A					No			No
(281) NEF NORTHEAST REGIONAL FUND 2023 LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 92-2108945	LOW INCOME HOUSING	IL	N/A					No			No
(282) HOMESTEAD EQUITY FUND XVIII LIMITED PARTNERSHIP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 88-4351949	LOW INCOME HOUSING	IL	N/A					No			No
(283) BANC OF AMERICA COMMUNITY HOUSING INVESTMENT FUND XVII LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 92-3768121	LOW INCOME HOUSING	IL	N/A					No			No
(284) CALIFORNIA EQUITY FUND 2023 LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 92-2147102	LOW INCOME HOUSING	IL	N/A					No			No
(285) NATIONAL EQUITY FUND 2023 LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 92-2025847	LOW INCOME HOUSING	IL	N/A					No			No
(286) NEF BANK OZK SHARED INVESTMENT FUND I LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 92-1496779	LOW INCOME HOUSING	IL	N/A					No			No
(287) NEF FRE AFFORDABLE HOUSING FUND II LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 93-1689801	LOW INCOME HOUSING	DE	N/A					No			No
(288) NEF INVESTMENT PARTNERS FUND XI LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 93-3169204	LOW INCOME HOUSING	IL	N/A					No			No
(289) NATIONAL EQUITY FUND 2023 SERIES II LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 93-2350821	LOW INCOME HOUSING	IL	N/A					No			No
(290) MOUNTAIN PLAINS EQUITY FUND I LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 83-0393121	LOW INCOME HOUSING	MT	N/A					No			No
(291) MPEG WELLS FARGO SPECIAL LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 32-0209110	LOW INCOME HOUSING	MT	N/A					No			No
(292) MPEG SPECIAL FUND II LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 35-2344657	LOW INCOME HOUSING	MT	N/A					No			No
(293) FI HOUSING LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 46-1212693	LOW INCOME HOUSING	MT	N/A					No			No
(294) CATHAY SHARED INVESTMENT FUND V LP 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 93-3634232	LOW INCOME HOUSING	IL	N/A					No			No
(295) NEW MARKETS INVESTMENT 156 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 88-3282480	COMMUNITY DEV	IL	N/A					No			No
(296) NEW MARKETS INVESTMENT 166 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 93-2547938	COMMUNITY DEV	IL	N/A					No			No
(297) NEW MARKETS INVESTMENT 167 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 93-2580584	COMMUNITY DEV	IL	N/A					No			No
(298) NEW MARKETS INVESTMENT 168 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 93-2599852	COMMUNITY DEV	IL	N/A					No			No
(299) NEW MARKETS INVESTMENT 169 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 93-2623524	COMMUNITY DEV	IL	N/A					No			No
(300) NEW MARKETS INVESTMENT 170 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 93-2658270	COMMUNITY DEV	IL	N/A					No			No
(301) NEW MARKETS INVESTMENT 171 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 93-2696789	COMMUNITY DEV	IL	N/A					No			No
(302) NEW MARKETS INVESTMENT 172 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 93-2707786	COMMUNITY DEV	IL	N/A					No			No
(303) NEW MARKETS INVESTMENT 173 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 93-2779663	COMMUNITY DEV	IL	N/A					No			No
(304) NEW MARKETS INVESTMENT 174 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 93-2810223	COMMUNITY DEV	IL	N/A					No			No
(305) NEW MARKETS INVESTMENT 175 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 93-2822832	COMMUNITY DEV	IL	N/A					No			No
(306) PROPEL NMTC ACN INVESTMENT FUND LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 81-0747394	COMMUNITY DEV	IL	N/A					No			No
(307) EHF LCO INVESTMENT FUND LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 36-2739571	COMMUNITY DEV	IL	N/A					No			No
(308) BROADSTREET INVESTMENT FUND 1 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 93-4060484	COMMUNITY DEV	IL	N/A					No			No
(309) BROADSTREET INVESTMENT FUND 20 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 99-3022756	COMMUNITY DEV	IL	N/A					No			No
(310) BROADSTREET INVESTMENT FUND 2 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 93-4160539	COMMUNITY DEV	IL	N/A					No			No
(311) BROADSTREET INVESTMENT FUND 3 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 93-4172021	COMMUNITY DEV	IL	N/A					No			No
(312) BROADSTREET INVESTMENT FUND 4 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 93-4205811	COMMUNITY DEV	IL	N/A					No			No
(313) BROADSTREET INVESTMENT FUND 5 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 93-4215753	COMMUNITY DEV	IL	N/A					No			No
(314) EHF VGMHC INVESTMENT FUND LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 36-2739571	COMMUNITY DEV	IL	N/A					No			No
(315) THE EQUITABLE HEALTH FUND - NATIONAL LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 93-3329856	COMMUNITY DEV	IL	N/A					No			No
(316) GROW INDIANA FUND LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 92-2410516	COMMUNITY DEV	IL	N/A					No			No
(317) GROW INDIANAPOLIS FUND III LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 99-1594094	COMMUNITY DEV	IL	N/A					No			No
(318) NMTC THRIVING COMMUNITIES FUND LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 20-0164108	COMMUNITY DEV	IL	N/A					No			No

Part IV

Identification of Related Organizations Taxable as a Corporation or Trust. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	(i) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	Yes	No
(1) COMMUNITY DEVELOPMENT ADVOCATES - CHI INC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 27-2442712	LOW INCOME HOUSING	IL	NEF INC	C		1,000	100.000 %	Yes
(2) COMMUNITY DEVELOPMENT ADVOCATES - WISCONSIN INC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 93-1599924	LOW INCOME HOUSING	IL	N/A	C					No
(3) COMMUNITY DEVELOPMENT ADVOCATES RAD 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 61-1858829	LOW INCOME HOUSING	IL	NEF INC	C		100,000	100.000 %	Yes
(4) COMMUNITY DEVELOPMENT ADVOCATES TCG INC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 27-2082864	LOW INCOME HOUSING	IL	NEF INC	C	33,183		100.000 %	Yes
(5) COMMUNITY DEVELOPMENT ADVOCATES INC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 36-4009754	LOW INCOME HOUSING	IL	NEF INC	C		122,275	100.000 %	Yes
(6) MPEG ACCEPTANCE CORPORATION 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 80-0106441	LOW INCOME HOUSING	MN	NEF INC	C			100.000 %		No
(7) NEF ASSIGNMENT CORPORATION 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 36-4326848	LOW INCOME HOUSING	IL	NEF INC	C		100,704	100.000 %	Yes
(8) NEF COMMUNITY CAPITAL INC 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 36-4222908	LOW INCOME HOUSING	IL	NEF INC	C		100,117	100.000 %	Yes
(9) NEF DEVELOPMENT CORPORATION 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 83-0337773	LOW INCOME HOUSING	IL	NEF INC	C	1,131,487	15,178,113	100.000 %	Yes
(10) NEF INVESTMENT PARTNER 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 84-3771744	LOW INCOME HOUSING	DE	NEF INC	C	990	19,538	100.000 %	Yes
(11) NEF SUPPORT CORPORATION 10 S RIVERSIDE PLAZA STE 1700 CHICAGO,IL60606 36-4326845	LOW INCOME HOUSING	IL	NEF INC	C	655,181	175,609,944	100.000 %	Yes
(12) NEW MARKETS INVESTMENT 106 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 81-1890795	COMMUNITY DEV.	DE	N/A	C					No
(13) NEW MARKETS INVESTMENT 112 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 81-2035515	COMMUNITY DEV.	DE	N/A	C					No
(14) NEW MARKETS INVESTMENT 114 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 82-1429642	COMMUNITY DEV.	DE	N/A	C					No
(15) NEW MARKETS INVESTMENT 123 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 82-1574081	COMMUNITY DEV.	DE	N/A	C					No
(16) NEW MARKETS INVESTMENT 86 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 46-5303240	COMMUNITY DEV.	DE	N/A	C					No
(17) NEW MARKETS INVESTMENT 96 LLC 609 W RANDOLPH ST SUITE 200 CHICAGO,IL60661 47-3829370	COMMUNITY DEV.	DE	N/A	C					No

Schedule R (Form 990) 2023

Page 3

Part V

Transactions With Related Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.

Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.

Yes

1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?

a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................

b Gift, grant, or capital contribution to related organization(s) ............................

c Gift, grant, or capital contribution from related organization(s) ............................

Yes

d Loans or loan guarantees to or for related organization(s) ............................

Yes

e Loans or loan guarantees by related organization(s) ............................

Yes

f Dividends from related organization(s) ............................

g Sale of assets to related organization(s) ............................

h Purchase of assets from related organization(s) ............................

i Exchange of assets with related organization(s) ............................

j Lease of facilities, equipment, or other assets to related organization(s) .......................

Yes

k Lease of facilities, equipment, or other assets from related organization(s) ......................

Yes

l Performance of services or membership or fundraising solicitations for related organization(s) .....................

Yes

m Performance of services or membership or fundraising solicitations by related organization(s) .................

Yes

n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................

Yes

o Sharing of paid employees with related organization(s) ............................

Yes

p Reimbursement paid to related organization(s) for expenses ............................

Yes

q Reimbursement paid by related organization(s) for expenses ............................

Yes

r Other transfer of cash or property to related organization(s) ............................

s Other transfer of cash or property from related organization(s) ............................

If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.

(a) Name of related organization	(b) Transaction type (a-s)	(c) Amount involved	(d) Method of determining amount involved
(1) NEF COMMUNITY INVESTMENTS INC	C	6,500,000	FMV
(2) NEF DEVELOPMENT CORPORATION	C	600,000	FMV
(3) OREGON CORPORATION FOR AFFORDABLE HOUSING	C	896,320	FMV
(4) NEF DEVELOPMENT CORPORATION	D	3,500,000	FMV
(5) NEF SUPPORT CORPORATION	D	89,854,837	FMV
(6) NEF COMMUNITY INVESTMENTS INC	L	64,830,226	FMV
(7) NEF DEVELOPMENT CORPORATION	L	130,000	FMV
(8) NEW YORK EQUITY FUND INC	L	597,833	FMV
(9) OREGON CORPORATION FOR AFFORDABLE HOUSING	L	224,060	FMV

Schedule R (Form 990) 2023

Page 4

Part VI

Unrelated Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 37.

Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.

(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(e) Are all partners section 501(c)(3) organizations?		(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership

Schedule R (Form 990) 2023

Page 5

Part VII

Supplemental Information

Provide additional information for responses to questions on Schedule R. See instructions.

Return Reference	Explanation

Schedule R (Form 990) 2023

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: NATIONAL EQUITY FUND'S MISSION IS TO CREATE AND DELIVER INNOVATIVE, COLLABORATIVE FINANCIAL SOLUTIONS TO EXPAND THE CREATION AND PRESERVATION OF AFFORDABLE HOUSING. WE STRIVE TO BE A DIVERSE, EQUITABLE AND INCLUSIVE PLACE TO WORK SO THAT OUR TEAM HAS THE EXPERIENCE AND KNOWLEDGE TO EFFECTIVELY SUPPORT OUR PARTNERS AND COMMUNITIES. OUR VISION IS THAT ALL INDIVIDUALS AND FAMILIES ACROSS THE COUNTRY HAVE ACCESS TO STABLE, SAFE AND AFFORDABLE HOMES THAT PROVIDE A FOUNDATION FOR THEM TO REACH THEIR FULL POTENTIAL.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	16
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	10
5	Total number of individuals employed in calendar year 2023 (Part V, line 2a) ......	5	225
6	Total number of volunteers (estimate if necessary) .............	6	0
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, Part I, line 11 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	0	0
9	Program service revenue (Part VIII, line 2g) .........	57,412,087	81,909,278
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	465,810	2,473,113
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	889,951	1,580,545
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	58,767,848	85,962,936
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	14,735,000	17,537,575
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	46,619,002	47,794,735
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	21,254,489	24,708,401
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	82,608,491	90,040,711
19	Revenue less expenses. Subtract line 18 from line 12.......	-23,840,643	-4,077,775
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	105,588,099	126,377,114
21	Total liabilities (Part X, line 26).............	74,745,887	91,616,357
22	Net assets or fund balances. Subtract line 21 from line 20.....	30,842,212	34,760,757

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 80,115,478 including grants of $ 17,537,575 ) (Revenue $ 83,750,821 )
	NEF, INC SERVES AS THE GENERAL PARTNER OR MANAGING MEMBER OF INVESTOR LIMITED PARTNERSHIPS AND LIMITED LIABILITY COMPANIES THAT ACQUIRE LIMITED PARTNER OR NON-MANAGING MEMBER INTERESTS IN PROJECT PARTNERSHIPS OR PROJECT LIMITED LIABILITY COMPANIES THAT ACQUIRE, OWN, CONSTRUCT, REHABILITATE AND OPERATE LOW-INCOME HOUSING PROJECTS. IN ADDITION, NEF, INC. PROVIDES AND FACILITATES VARIOUS GRANTS, FINANCING, TECHNICAL ASSISTANCE, AND ASSET MANAGEMENT SERVICES TO SUPPORT SUCH INVESTMENTS IN LOW-INCOME HOUSING PROJECTS.

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses80,115,478

1b	Sub-Total..............
c	Total from continuation sheets to Part VII, Section A..
d	Total (add lines 1b and 1c).........	9,022,807	2,124,881	3,224,271

1a	Federated campaigns..	1a
b	Membership dues..	1b
c	Fundraising events..	1c
d	Related organizations	1d
e	Government grants (contributions)	1e

f	All other contributions, gifts, grants, and similar amounts not included above	1f

g	Noncash contributions included in lines 1a - 1f:$	1g

h Total. Add lines 1a-1f.......

		Business Code
2a	LOW INCOME HOUSING REV	531190	81,909,278	81,909,278
b
c
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		81,909,278

3 Investment income (including dividends, interest, and othersimilar amounts) ......			2,473,113	260,998		2,212,115
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
			(i) Real	(ii) Personal
6a	Gross rents	6a
b	Less: rental expenses	6b
c	Rental income or (loss)	6c
d	Net rental income or (loss).......
			(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory	7a
b	Less: cost or other basis and sales expenses	7b
c	Gain or (loss)	7c
d	Net gain or (loss).........
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..

Business Code
11a	WORKOUT REIMBURSEMENTS		900099	814,337	814,337
b	LOAN LOSS RECOVERY		900099	208,839	208,839
c
d	All other revenue ....			557,369	557,369
e	Total. Add lines 11a–11d ......			1,580,545
12	Total revenue. See instructions.....			85,962,936	83,750,821	0	2,212,115

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....	17,537,575	17,537,575
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............
4	Benefits paid to or for members .......
5	Compensation of current officers, directors, trustees, and key employees ...........	6,771,518	5,741,217	1,030,301
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........	10,003	8,481	1,522
7	Other salaries and wages........	33,782,106	28,642,084	5,140,022
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	1,827,305	1,549,277	278,028
9	Other employee benefits .......	3,154,679	2,674,688	479,991
10	Payroll taxes ...........	2,249,124	1,906,915	342,209
11	Fees for services (non-employees):
a	Management ......
b	Legal .........	7,331,138	6,888,905	442,233
c	Accounting ...........	441,445	64,197	377,248
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	3,801,248	3,039,033	762,215
12	Advertising and promotion ....	1,308,099	1,308,099
13	Office expenses .......	762,571	540,314	222,257
14	Information technology ......	984,280	795,767	188,513
15	Royalties ..
16	Occupancy ...........	1,591,645	1,415,508	176,137
17	Travel ............	1,652,915	1,547,577	105,338
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....	389,550	339,787	49,763
20	Interest ...........	1,302,708	1,302,708
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	393,002	325,101	67,901
23	Insurance ...	703,023	594,951	108,072
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	LOAN ALLOWANCE	3,496,430	3,496,430
b	MEMBERSHIP DUES	158,793	129,128	29,665
c	TRAINING	81,287	24,995	56,292
d	TUITION	59,950	18,434	41,516
e	All other expenses	250,317	224,307	26,010
25	Total functional expenses. Add lines 1 through 24e	90,040,711	80,115,478	9,925,233	0
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........				1
2	Savings and temporary cash investments .........			39,953,639	2	53,514,876
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............			17,956,116	4	17,825,230
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
					6
7	Notes and loans receivable, net ...........			41,042,786	7	45,210,017
8	Inventories for sale or use ............			11,356	8	5,072
9	Prepaid expenses and deferred charges ......			865,515	9	1,213,987
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	8,334,623
b	Less: accumulated depreciation	10b	7,695,568	867,995	10c	639,055
11	Investments—publicly traded securities .				11
12	Investments—other securities. See Part IV, line 11 .....				12
13	Investments—program-related. See Part IV, line 11 ..			2,083,739	13	2,955,542
14	Intangible assets ...............			1,447,816	14	3,838,621
15	Other assets. See Part IV, line 11 ...........			1,359,137	15	1,174,714
16	Total assets. Add lines 1 through 15 (must equal line 33)...			105,588,099	16	126,377,114

17	Accounts payable and accrued expenses .....	23,432,153	17	34,716,052
18	Grants payable ...	10,000	18	20,000
19	Deferred revenue .........	10,929,296	19	10,984,263
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D	40,374,438	25	45,896,042
26	Total liabilities. Add lines 17 through 25..	74,745,887	26	91,616,357

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........	30,842,212	27	34,760,757
28	Net assets with donor restrictions ...........		28
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	30,842,212	32	34,760,757
33	Total liabilities and net assets/fund balances ........	105,588,099	33	126,377,114