Civic Intelligence

Michigan Community Capital

990 • Fiscal year 2012 • EIN 33-1068719

Jan 01, 2012 to Dec 31, 2012 • Filed on Aug 08, 2013

Organization ProfileWWW.MMF1.ORG

View Organization Page

1118 South Washington Avenue48910
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

46th percentile

0.10x

Higher debt load relative to assets than 46% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

75th percentile

11%

Faster asset growth than 75% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets46th percentile

Assets

Up

$2,381,729

Up $240,359 (+11%) from 2011

Net Assets

Up

$2,152,291

Up $360,606 (+20%) from 2011

Liabilities

Down

$229,438

Down $120,247 (-34%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$850,257

Up $86,725 (+11%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth75th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80M$60M$40M$20M$0Assets 2011: $2,141,370Liabilities 2011: $349,685Net Assets 2011: $1,791,6852011Assets 2012: $2,381,729Liabilities 2012: $229,438Net Assets 2012: $2,152,2912012Assets 2013: $2,753,960Liabilities 2013: $278,256Net Assets 2013: $2,475,7042013Assets 2015: $2,784,703Liabilities 2015: $203,795Net Assets 2015: $2,580,9082015Assets 2016: $2,821,562Liabilities 2016: $167,582Net Assets 2016: $2,653,9802016Assets 2018: $16,040,082Liabilities 2018: $13,155,418Net Assets 2018: $2,884,6642018Assets 2019: $35,225,084Liabilities 2019: $30,354,927Net Assets 2019: $4,870,1572019Assets 2020: $46,928,937Liabilities 2020: $40,944,021Net Assets 2020: $5,984,9162020Assets 2022: $77,994,723Liabilities 2022: $60,312,769Net Assets 2022: $17,681,9542022Assets 2024: $74,933,829Liabilities 2024: $59,718,317Net Assets 2024: $15,215,5122024

Highlighted filing

2012

Assets$2,381,729
Liabilities$229,438
Net Assets$2,152,291
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2011: $763,5322011Expenses 2012: $850,2572012Revenue 2013: $1,093,756Expenses 2013: $770,343Net Income 2013: $323,4132013Revenue 2015: $727,626Expenses 2015: $611,209Net Income 2015: $116,4172015Revenue 2016: $706,408Expenses 2016: $633,336Net Income 2016: $73,0722016Revenue 2018: $2,436,493Expenses 2018: $2,522,623Net Income 2018: -$86,1302018Revenue 2019: $2,972,593Expenses 2019: $1,316,668Net Income 2019: $1,655,9252019Revenue 2020: $3,737,937Expenses 2020: $2,728,877Net Income 2020: $1,009,0602020Revenue 2022: $4,447,895Expenses 2022: $6,040,435Net Income 2022: -$1,592,5402022Revenue 2024: $9,687,634Expenses 2024: $9,147,125Net Income 2024: $540,5092024

Highlighted filing

2012

Revenue-
Expenses$850,257
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Aug 8, 2013
Return Version
2012v2.1
Gross Receipts
$1,210,863
Mission and Program Overview

Mission

The mission of michigan magnet fund is to facilitate new markets tax credit investments in the state of michigan. These investments will spur job creation and economic growth in low income communities across the state.

Filing and Contact Details

Filer

EIN
33-1068719
Raw XML AppendixShowing 400 of 908 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0MMF IS A MICHIGAN NONPROFIT CORPORATION AS DESCRIBED IN INTERNAL REVENUE CODE SECTION 501(C)(3). ACCORDINGLY, NO PROVISION FOR FEDERAL INCOME TAXES HAS BEEN MADE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY MMF AND RECOGNIZE A TAX LIABILITY IF MMF HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITION TAKEN BY MMF AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2012 AND 2011, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. MMF IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2009.
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
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IRS990ScheduleO/GeneralExplanation/Explanation0ANOTHER NON-PROFIT ORGANIZATION HAS BEEN CONTRACTED TO PERFORM LOAN SERVICING AND BOOKKEEPING FOR MICHIGAN MAGNET FUND.
IRS990ScheduleO/GeneralExplanation/Explanation1990 PRESENTED TO BOARD AND EXECUTIVE COMMITTEE FOR REVIEW.
IRS990ScheduleO/GeneralExplanation/Explanation2ANNUAL MEETING REQUIRES AFFIRMATION OF CONFLICTS POLICY AND ALL MEETINGS REQUIRE DISCLOSURE OF PERSONAL CONFLICT. IF IT IS DETERMINED THAT A BOARD MEMBER HAS A CONFLICT, THAT BOARD MEMBER WOULD BE UNABLE TO VOTE ON THE ISSUE WHERE THE CONFLICT EXISTS.
IRS990ScheduleO/GeneralExplanation/Explanation3MICHIGAN MAGNET FUND DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/GeneralExplanation/Explanation4THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART XII, LINE 2C:
IRS990/ScheduleORequired01
IRS990ScheduleR/DividendsRelatedOrganization00
IRS990ScheduleR/ExchangeOfAssets00
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine101118 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine111118 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine121118 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine131118 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine141118 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine151118 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine161118 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine171118 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine181118 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine191118 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine1101118 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine1111118 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine1121118 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine1131118 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine1141118 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine1151118 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine1161118 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine1171118 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine1181118 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine1191118 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine1201118 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine1211118 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine1221118 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine1231118 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/City0LANSING

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$2,381,729
Liabilities
$229,438
Net assets
$2,152,291
Revenue
-
Expenses
$850,257
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$74.9$59.7$15.2$9.69$9.15$0.54
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$78.0$60.3$17.7$4.45$6.04$1.59
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$46.9$40.9$5.98$3.74$2.73$1.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.2$30.4$4.87$2.97$1.32$1.66
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.0$13.2$2.88$2.44$2.52$0.09
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.82$0.17$2.65$0.71$0.63$0.07
2015Detailed filing. Detailed filing data is available for this year.$2.78$0.20$2.58$0.73$0.61$0.12
2013Detailed filing. Detailed filing data is available for this year.$2.75$0.28$2.48$1.09$0.77$0.32
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.38$0.23$2.15$0.85
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.14$0.35$1.79$0.76