Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 31-1416668

NATIONAL ASSOCIATION OF STATE AND LOCAL EQUITY FUNDS

Tax-exempt · DETROIT, MI 48201

Financials

$679K$471K2023$756K$590K2024
Revenue Expenses · by fiscal year end
Financials of NATIONAL ASSOCIATION OF STATE AND LOCAL EQUITY FUNDS by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$756,005$589,929$166,076$603,288$55,381$547,907
December 31, 2023990$679,194$470,547$208,647$427,323$45,492$381,831
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$748,791
Investment income
$7,214
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$393
Travel
$26,521

Balance sheet and other

Total assets, start of year
$427,323
Total assets, end of year
$603,288
Total liabilities, end of year
$55,381
Net assets, end of year
$547,907
Net assets without donor restrictions
$547,907
Gross receipts
$756,005
Employees
0
Volunteers
0
Year formed
1994
State of legal domicile
DE

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
ARI BELIAKPRESIDENT
Trustee or director, Officer
1$0
CATHERINE CAWTHONVICE-PRESIDENT
Trustee or director, Officer
1$0
BRETT OUMEDIANTREASURER
Trustee or director, Officer
1$0
DANA BOOLESECRETARY
Trustee or director, Officer
1$0
BOB NEWMANPAST-PRESIDENT
Trustee or director
1$0
NANCY OWENSDIRECTOR
Trustee or director
1$0
STACY SURDIRECTOR
Trustee or director
1$0
MODDIE TURAYDIRECTOR
Trustee or director
1$0
ANDREW WALSHAWDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
ARI BELIAKPRESIDENT
Trustee or director, Officer
1$0
CATHERINE CAWTHONVICE-PRESIDENT
Trustee or director, Officer
1$0
BRETT OUMEDIANTREASURER
Trustee or director, Officer
1$0
DANA BOOLESECRETARY
Trustee or director, Officer
1$0
BOB NEWMANPAST-PRESIDENT
Trustee or director
1$0
NANCY OWENSDIRECTOR
Trustee or director
1$0
STACY SURDIRECTOR
Trustee or director
1$0
MODDIE TURAYDIRECTOR
Trustee or director
1$0
ANDREW WALSHAWDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
2111 WOODWARD AVE STE 600, DETROIT, MI 48201-3473
In care of
% HAROLD KELLER
Principal officer (990 for 2024)
ARI BELIAK, 2111 WOODWARD AVE 600, DETROIT, MI 482013473
Signed the 990
ARI BELIAK, PRESIDENT
Phone
(517) 899-9870
Return prepared by
KEVIN UBELHART CPA PLLC

Mission

TO PROMOTE THE EFFICIENT MANAGEMENT OF STATE AND LOCAL EQUITY FUNDS AND A GREATER UNDERSTANDING OF THE LOW INCOME HOUSING TAX CREDIT (LIHTC) AND ENCOURAGE THE PROFESSIONAL DEVELOPMENT OF ITS MEMBER ORGANIZATIONS.

990 for the year ended December 31, 2024

Program accomplishments

  • ANNUAL CONFERENCE TO DISCUSS GENERAL ISSUES IN THE LOW INCOME HOUSING TAX CREDIT INDUSTRY.
  • PLACED ADS IN INDUSTRY PUBLICATIONS, EXHIBITED AT INDUSTRY MEETINGS, AND PUBLISHED AN ANNUAL REPORT TO PROMOTE THE ACCOMPLISHMENTS OF MEMBER STATE AND LOCAL EQUITY FUNDS.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
31-1416668
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1997
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$603,288
Income (IRS master file)
$756,005

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$756,005$589,929$603,288XML
990December 2023$679,194$470,547$427,323XML
990December 2022$536,556$309,834$221,119IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 31-1416668).

Questions about NATIONAL ASSOCIATION OF STATE AND LOCAL EQUITY FUNDS

What is the EIN of NATIONAL ASSOCIATION OF STATE AND LOCAL EQUITY FUNDS?
The employer identification number (EIN) of NATIONAL ASSOCIATION OF STATE AND LOCAL EQUITY FUNDS is 31-1416668.
Is NATIONAL ASSOCIATION OF STATE AND LOCAL EQUITY FUNDS tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1997.
Are donations to NATIONAL ASSOCIATION OF STATE AND LOCAL EQUITY FUNDS tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does NATIONAL ASSOCIATION OF STATE AND LOCAL EQUITY FUNDS file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of NATIONAL ASSOCIATION OF STATE AND LOCAL EQUITY FUNDS due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NATIONAL ASSOCIATION OF STATE AND LOCAL EQUITY FUNDS last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of NATIONAL ASSOCIATION OF STATE AND LOCAL EQUITY FUNDS?
The 990 for the year ended December 31, 2024 names ARI BELIAK.
Who are the officers and directors of NATIONAL ASSOCIATION OF STATE AND LOCAL EQUITY FUNDS?
The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does NATIONAL ASSOCIATION OF STATE AND LOCAL EQUITY FUNDS have?
On its 990 for the year ended December 31, 2024 it reported revenue of $756,005, expenses of $589,929 and total assets of $603,288 at year end.

Other nonprofits in DETROIT

All nonprofits in DETROIT · Michigan