Nef Community Investments Inc
Chicago, IL 60661 · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $80,447,261 | $70,363,078 | $63,918,420 |
| FY2023 | $72,605,707 | $64,910,205 | $59,434,237 |
| FY2022 | $69,815,195 | $44,836,410 | $58,238,735 |
| FY2021 | $69,249,511 | $40,656,669 | $48,259,950 |
| FY2020 | $54,814,471 | $42,505,217 | $34,667,108 |
| FY2019 | $50,719,100 | $31,802,966 | $29,357,854 |
| FY2018 | $42,728,716 | $35,201,033 | $20,731,239 |
| FY2017 | $39,095,404 | $31,634,878 | $26,203,556 |
| FY2016 | $39,697,460 | $33,995,295 | $20,143,030 |
| FY2015 | $36,930,186 | $36,858,987 | $16,440,865 |
| FY2014 | $29,630,555 | $27,418,894 | $16,369,666 |
| FY2013 | $26,247,919 | $19,505,595 | $15,658,005 |
| FY2012 | $30,605,777 | $20,218,546 | $16,915,681 |
| FY2011 | $36,276,733 | $18,138,418 | $16,528,450 |
Form 990 filings
The returns filed by Nef Community Investments Inc (EIN 36-4229337), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $80,015,522 | 99% |
| Other revenue | $431,739 | 1% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $57,292,669 | 81% |
| Management & general | $13,070,409 | 19% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 99% of total revenue in FY2024.
- Program services accounted for 81% of functional expenses, management & general 19%, and fundraising 0%.
- 81% of functional expenses went to program services in FY2024. That is higher than 25.7% of 35 Housing & Shelter organizations in IL.
- Net assets covered about 10.9 months of expenses at the end of the reporting year. That puts it in the 48th percentile among 481 Housing & Shelter organizations in IL.
- Total revenue was the highest among 508 Housing & Shelter organizations in IL.
- Total revenue rose from $36,276,733 in FY2011 to $80,447,261 in FY2024. Revenue increased in 10 and decreased in 3 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2011 to FY2024.
- Net assets grew from $16,528,450 to $63,918,420 between FY2011 and FY2024.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
NEF COMMUNITY INVESTMENTS, INC. ASSISTS NEF, INC. IN THE DEVELOPMENT AND PRESERVATION OF HIGH-QUALITY LOW-INCOME RENTAL HOUSING BY MANAGING INVESTMENTS IN QUALIFYING PROJECTS.
IRS status
| Ruling year | 2005 |
| Subsection | 501(c)(4) |
| Program area (NTEE) | L20 — Housing & Shelter |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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