Civic Intelligence

Great Lakes Commerical Finance

EIN 38-2467385 • 501(c)4 • Grandville, MI

Profile

Stimulation of economic development throughout the state of michigan by promoting and assisting growth and development of business concerns by offering fixed asset financing through the small business administration's 504 loan program.

3980 Chicago Dr SW Suite 220Grandville, MI 49418

www.glcf.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

54th percentile

0.06x

Higher debt load relative to assets than 54% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.12x

Higher debt load relative to revenue than 59% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2023

Net Margin

68th percentile

21%

Higher net margin than 68% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

67th percentile

10%

Faster asset growth than 67% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

69th percentile

19%

Faster revenue growth than 69% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets54th percentile

Assets

Up

$5,337,240

Up $271,952 (+5.4%) from 2024

Liabilities

Up

$307,686

Up $85,005 (+38%) from 2024

Net Assets

Up

$5,029,554

Up $186,947 (+3.9%) from 2024

Operations
Liabilities / Revenue59th percentileNet Margin68th percentile

Revenue

Down

$2,368,379

Down $112,629 (-4.5%) from 2024

Expenses

Up

$2,181,432

Up $465,208 (+27%) from 2024

Net Income

Down

$186,947

Down $577,837 (-76%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth67th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2011: $851,777Liabilities 2011: $86,398Net Assets 2011: $765,3792011Assets 2012: $759,669Liabilities 2012: $44,350Net Assets 2012: $715,3192012Assets 2013: $794,574Liabilities 2013: $78,412Net Assets 2013: $716,1622013Assets 2014: $842,449Liabilities 2014: $99,878Net Assets 2014: $742,5712014Assets 2015: $896,586Liabilities 2015: $95,425Net Assets 2015: $801,1612015Assets 2016: $871,435Liabilities 2016: $89,369Net Assets 2016: $782,0662016Assets 2017: $1,035,379Liabilities 2017: $164,915Net Assets 2017: $870,4642017Assets 2018: $1,131,096Liabilities 2018: $94,275Net Assets 2018: $1,036,8212018Assets 2019: $1,406,085Liabilities 2019: $156,869Net Assets 2019: $1,249,2162019Assets 2020: $3,887,620Liabilities 2020: $150,507Net Assets 2020: $3,737,1132020Assets 2021: $4,389,271Liabilities 2021: $671,411Net Assets 2021: $3,717,8602021Assets 2022: $3,934,233Liabilities 2022: $351,629Net Assets 2022: $3,582,6042022Assets 2023: $4,330,695Liabilities 2023: $252,872Net Assets 2023: $4,077,8232023Assets 2024: $5,065,288Liabilities 2024: $222,681Net Assets 2024: $4,842,6072024Assets 2025: $5,337,240Liabilities 2025: $307,686Net Assets 2025: $5,029,5542025

Highlighted filing

2025

Assets$5,337,240
Liabilities$307,686
Net Assets$5,029,554
Open 2025 Filing

Operations Trend

Revenue Growth69th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $653,2712011Revenue 2012: $738,282Expenses 2012: $788,342Net Income 2012: -$50,0602012Revenue 2013: $845,312Expenses 2013: $844,468Net Income 2013: $8442013Revenue 2014: $877,607Expenses 2014: $851,198Net Income 2014: $26,4092014Revenue 2015: $896,922Expenses 2015: $838,332Net Income 2015: $58,5902015Revenue 2016: $203,516Expenses 2016: $211,545Net Income 2016: -$8,0292016Revenue 2017: $1,098,620Expenses 2017: $1,010,222Net Income 2017: $88,3982017Revenue 2018: $1,316,983Expenses 2018: $1,150,626Net Income 2018: $166,3572018Revenue 2019: $1,383,793Expenses 2019: $1,183,310Net Income 2019: $200,4832019Revenue 2020: $4,104,025Expenses 2020: $1,607,755Net Income 2020: $2,496,2702020Revenue 2021: $1,475,074Expenses 2021: $1,494,327Net Income 2021: -$19,2532021Revenue 2022: $1,746,446Expenses 2022: $1,881,702Net Income 2022: -$135,2562022Revenue 2023: $2,071,600Expenses 2023: $1,632,678Net Income 2023: $438,9222023Revenue 2024: $2,481,008Expenses 2024: $1,716,224Net Income 2024: $764,7842024Revenue 2025: $2,368,379Expenses 2025: $2,181,432Net Income 2025: $186,9472025

Highlighted filing

2025

Revenue$2,368,379
Expenses$2,181,432
Net Income$186,947
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,337,240
Liabilities
$307,686
Net assets
$5,029,554
Revenue
$2,368,379
Expenses
$2,181,432
Net income
$186,947
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.34$0.31$5.03$2.37$2.18$0.19
2024Detailed filing. Detailed filing data is available for this year.$5.07$0.22$4.84$2.48$1.72$0.76
2023Detailed filing. Detailed filing data is available for this year.$4.33$0.25$4.08$2.07$1.63$0.44
2022Detailed filing. Detailed filing data is available for this year.$3.93$0.35$3.58$1.75$1.88$0.14
2021Detailed filing. Detailed filing data is available for this year.$4.39$0.67$3.72$1.48$1.49$0.02
2020Detailed filing. Detailed filing data is available for this year.$3.89$0.15$3.74$4.10$1.61$2.50
2019Detailed filing. Detailed filing data is available for this year.$1.41$0.16$1.25$1.38$1.18$0.20
2018Detailed filing. Detailed filing data is available for this year.$1.13$0.09$1.04$1.32$1.15$0.17
2017Detailed filing. Detailed filing data is available for this year.$1.04$0.16$0.87$1.10$1.01$0.09
2016Summary only. Only limited summary data is available for this year.$0.87$0.09$0.78$0.20$0.21$0.01
2015Summary only. Only limited summary data is available for this year.$0.90$0.10$0.80$0.90$0.84$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.84$0.10$0.74$0.88$0.85$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.08$0.72$0.85$0.84$0.00
2012Summary only. Only limited summary data is available for this year.$0.76$0.04$0.72$0.74$0.79$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$0.09$0.77$0.65
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2024 to Sep 30, 2025
Signed
Mar 24, 2026
Return Version
2024v5.5
Gross Receipts
$2,369,596
Mission and Program Overview

Mission

Promotion of economic development and growth

Stimulation of economic development throughout the state of michigan by promoting and assisting growth and development of business concerns by offering fixed asset financing through the small business administration's 504 loan program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$4,706,120$4,928,620▲ $222,500
Accounts Receivable$229,982$231,537▲ $1,555
Prepaid Expenses and Deferred Charges$36,501$53,490▲ $16,989
Land, Buildings, and Equipment, Net$51,613$42,360▼ $9,253
Total Assets$5,065,288$5,337,240▲ $271,952
Other Assets Total$41,072$81,233▲ $40,161
Liabilities
Other Liabilities$190,238$242,386▲ $52,148
Accounts Payable and Accrued Expenses$13,793$60,472▲ $46,679
Deferred Revenue$18,650$4,828▼ $13,822
Total Liabilities$222,681$307,686▲ $85,005
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,842,607$5,029,554▲ $186,947
Total Net Assets Fund Balance$4,842,607$5,029,554▲ $186,947
Total Liabilities and Net Assets / Fund Balance$5,065,288$5,337,240▲ $271,952

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$42,360$99,752$142,112
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Julie ParkerPresidentFT$247,533$247,533

Board Members and Trustees

NameTitle
Craig OosterhouseChairman
Mike VanommenVice Chairman
Mitchell BlueTrustee
Olivia LanctotTrustee
Rob RobbinsTrustee
Stacey StephensSecretary
Amanda MurrayTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,068,412
Investment Income
$288,450
Other Revenue
$11,517
Change in Net Assets
$186,947

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,368,379
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,368,379
Total Revenue per Form 990
$2,368,379
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,706,177
Other Expenses$475,255
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,135,963$81,049-$1,217,012
Current Officers, Directors, Trustees, and Key Employees$231,047$16,486-$247,533
Payroll Taxes$106,435$7,594-$114,029
Fees for Services Accounting-$83,385-$83,385
Occupancy$71,413$4,319-$75,732
Pension Plan Contributions$62,690$3,790-$66,480
Other Employee Benefits$57,638$3,485-$61,123
Conferences and Meetings$36,859--$36,859
All Other Expenses$19,501$597-$20,098
Insurance-$19,487-$19,487
Other Expenses$16,350$988-$17,338
Depreciation Depletion-$8,036-$8,036
Travel$1,717--$1,717
Total Functional Expenses$1,952,216$229,216$0$2,181,432

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,181,432
Total Expenses per Audited Statements$2,181,432
Total Expenses per Form 990$2,181,432
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Application Fee Deposits$160,286
Lease Liability$82,100
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Classes of members or stockholders members”

Form 990, Part VI, Section A, Line 7A

“Election of members and their rights. Members elect board of directors.”

Form 990, Part VI, Section A, Line 7B

“Decisions subject to approval of members. Yes, annual budget”

Form 990, Part VI, Section B, Line 11B

“Organization's process to review form 990 a copy of the 990 is provided to the board for their review and approval before the return is filed with the irs.”

Form 990, Part VI, Section B, Line 12C

“Enforcement of conflicts policy: great lakes commercial finance encourages all directors, officers, and employees to report and to assist in any investigation by any law enforcement or regulatory agency or other persons legally authorized for such matter in the following: 1) illegal or fraudulent activity and 2) questionable accounting, internal controls and auditing matters.”

Form 990, Part VI, Section B, Line 15

“Line 15a - compensation process for top official: the compensation of the executive director is included in the budget which is approved by the board of directors. Also, the national association of development companies (nadco) releases a biannual survey that includes the yearly compensation of executive directors and other officers and key employees. The board uses the results of the survey to help determine compensation. Form 990, part vi, section b, line 15: line 15b - compensation process for officers: the national association of development companies (nadco) releases a biannual survey that includes the yearly compensation of executive directors and other officers and key employees. The board uses the results of the survey to help determine compensation.”

Form 990, Part VI, Section C, Line 19

“Governing documents disclosure explanation: a copy of the form 990 is made available for public inspection upon request.”

Filing and Contact Details

Filer

Filer Name
Great Lakes Commercial Finance
EIN
38-2467385
Phone
6164594825
Address
3980 CHICAGO DR SW SUITE 220, GRANDVILLE, MI 49418

Signing Officer

Name
Julie Parker
Title
President
Phone
6163231276
Signed
2026-03-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julie Parker
Formed
1980
Legal Domicile
Mi
Voting Board Members
8
Independent Board Members
8
Employees
17
Volunteers
0

Preparer

Firm
Kaptein Dykstra & Company Pc
Address
PO BOX 934, GRANDVILLE, MI 49468-0934
Preparer
Joel R Holstege CPA
Phone
6165308712
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2:

“No change from prior year”

Raw XML AppendixShowing 400 of 420 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt013793
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt060472
IRS990/AccountsReceivableGrp/BOYAmt0229982
IRS990/AccountsReceivableGrp/EOYAmt0231537
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0STIMULATION OF ECONOMIC DEVELOPMENT THROUGHOUT THE STATE OF MICHIGAN BY PROMOTING AND ASSISTING GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS BY OFFERING FIXED ASSET FINANCING THROUGH THE SMALL BUSINESS ADMINISTRATION'S 504 LOAN PROGRAM.
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0597
IRS990/AllOtherExpensesGrp/ProgramServicesAmt019501
IRS990/AllOtherExpensesGrp/TotalAmt020098
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0JULIE PARKER
IRS990/BooksInCareOfDetail/PhoneNum06164594825
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03980 CHICAGO DR SW SUITE 220
IRS990/BooksInCareOfDetail/USAddress/CityNm0GRANDVILLE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd049418
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt04706120
IRS990/CashNonInterestBearingGrp/EOYAmt04928620
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt016486
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0231047
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0247533
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt036859
IRS990/ConferencesMeetingsGrp/TotalAmt036859
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0288450
IRS990/CYOtherExpensesAmt0475255
IRS990/CYOtherRevenueAmt011517
IRS990/CYProgramServiceRevenueAmt02068412
IRS990/CYRevenuesLessExpensesAmt0186947
IRS990/CYSalariesCompEmpBnftPaidAmt01706177
IRS990/CYTotalExpensesAmt02181432
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02368379
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt018650
IRS990/DeferredRevenueGrp/EOYAmt04828
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt08036
IRS990/DepreciationDepletionGrp/TotalAmt08036
IRS990/Desc0GREAT LAKES COMMERCIAL FINANCE PROVIDED FUNDING FOR 46 SBA LOANS IN FISCAL YEAR 9/30/2025 TOTALING $39,878,000 IN LOAN DOLLARS.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt017
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01952216
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt083385
IRS990/FeesForServicesAccountingGrp/TotalAmt083385
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0CRAIG OOSTERHOUSE
IRS990/Form990PartVIISectionAGrp/PersonNm1MIKE VANOMMEN
IRS990/Form990PartVIISectionAGrp/PersonNm2STACEY STEPHENS
IRS990/Form990PartVIISectionAGrp/PersonNm3AMANDA MURRAY
IRS990/Form990PartVIISectionAGrp/PersonNm4MITCHELL BLUE
IRS990/Form990PartVIISectionAGrp/PersonNm5OLIVIA LANCTOT
IRS990/Form990PartVIISectionAGrp/PersonNm6ROB ROBBINS
IRS990/Form990PartVIISectionAGrp/PersonNm7JULIE PARKER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7247533
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01980
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-1217
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02369596
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt019487
IRS990/InsuranceGrp/TotalAmt019487
IRS990/InvestmentIncomeGrp/ExclusionAmt0164966
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0124701
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0289667
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt099752
IRS990/LandBldgEquipBasisNetGrp/BOYAmt051613
IRS990/LandBldgEquipBasisNetGrp/EOYAmt042360
IRS990/LandBldgEquipCostOrOtherBssAmt0142112
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01217
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0STIMULATION OF ECONOMIC DEVELOPMENT THROUGHOUT THE STATE OF MICHIGAN BY PROMOTING AND ASSISTING GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS BY OFFERING FIXED ASSET FINANCING THROUGH THE SMALL BUSINESS ADMINISTRATION'S 504 LOAN PROGRAM.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt04842607
IRS990/NetAssetsOrFundBalancesEOYAmt05029554
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-1217
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-1217
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt04842607
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt05029554
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt04319
IRS990/OccupancyGrp/ProgramServicesAmt071413
IRS990/OccupancyGrp/TotalAmt075732
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt041072
IRS990/OtherAssetsTotalGrp/EOYAmt081233
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03485
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt057638
IRS990/OtherEmployeeBenefitsGrp/TotalAmt061123
IRS990/OtherExpensesGrp/Desc0DUES & MEMBERSHIPS
IRS990/OtherExpensesGrp/Desc1MARKETING & PROMOTION
IRS990/OtherExpensesGrp/Desc2ECONOMIC DEVELOPMENT
IRS990/OtherExpensesGrp/Desc3OFFICE EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0988
IRS990/OtherExpensesGrp/ProgramServicesAmt085818
IRS990/OtherExpensesGrp/ProgramServicesAmt173632
IRS990/OtherExpensesGrp/ProgramServicesAmt253153
IRS990/OtherExpensesGrp/ProgramServicesAmt316350
IRS990/OtherExpensesGrp/TotalAmt085818
IRS990/OtherExpensesGrp/TotalAmt173632
IRS990/OtherExpensesGrp/TotalAmt253153
IRS990/OtherExpensesGrp/TotalAmt317338
IRS990/OtherLiabilitiesGrp/BOYAmt0190238
IRS990/OtherLiabilitiesGrp/EOYAmt0242386
IRS990/OtherRevenueMiscGrp/BusinessCd0525990
IRS990/OtherRevenueMiscGrp/Desc0MISC INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt011517
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt011517
IRS990/OtherRevenueTotalAmt011517
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt081049
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01135963
IRS990/OtherSalariesAndWagesGrp/TotalAmt01217012
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07594
IRS990/PayrollTaxesGrp/ProgramServicesAmt0106435
IRS990/PayrollTaxesGrp/TotalAmt0114029
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03790
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt062690
IRS990/PensionPlanContributionsGrp/TotalAmt066480
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt036501
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt053490
IRS990/PrincipalOfficerNm0JULIE PARKER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
IRS990/ProgramServiceRevenueGrp/BusinessCd1525990
IRS990/ProgramServiceRevenueGrp/BusinessCd2525990
IRS990/ProgramServiceRevenueGrp/Desc0SERVICING FEE
IRS990/ProgramServiceRevenueGrp/Desc1ORIGINATION AND OTHER
IRS990/ProgramServiceRevenueGrp/Desc2FLOAT INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01189061
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1631524
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2247827
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01189061
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1631524
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2247827
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0451877
IRS990/PYOtherExpensesAmt0414441
IRS990/PYOtherRevenueAmt044145
IRS990/PYProgramServiceRevenueAmt01984986
IRS990/PYRevenuesLessExpensesAmt0764784
IRS990/PYSalariesCompEmpBnftPaidAmt01301783
IRS990/PYTotalExpensesAmt01716224
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02481008
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0186947
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02181432
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt042360
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt099752
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0142112
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0160286
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt182100
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0APPLICATION FEE DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LEASE LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02368379
IRS990ScheduleD/TotalBookValueLandBuildingsAmt042360
IRS990ScheduleD/TotalExpensesPerForm990Amt02181432
IRS990ScheduleD/TotalLiabilityAmt0242386
IRS990ScheduleD/TotalRevenuePerForm990Amt02368379
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02368379
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02181432
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0247533
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JULIE PARKER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0247533
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CLASSES OF MEMBERS OR STOCKHOLDERS MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ELECTION OF MEMBERS AND THEIR RIGHTS. MEMBERS ELECT BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DECISIONS SUBJECT TO APPROVAL OF MEMBERS. YES, ANNUAL BUDGET
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ORGANIZATION'S PROCESS TO REVIEW FORM 990 A COPY OF THE 990 IS PROVIDED TO THE BOARD FOR THEIR REVIEW AND APPROVAL BEFORE THE RETURN IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ENFORCEMENT OF CONFLICTS POLICY: GREAT LAKES COMMERCIAL FINANCE ENCOURAGES ALL DIRECTORS, OFFICERS, AND EMPLOYEES TO REPORT AND TO ASSIST IN ANY INVESTIGATION BY ANY LAW ENFORCEMENT OR REGULATORY AGENCY OR OTHER PERSONS LEGALLY AUTHORIZED FOR SUCH MATTER IN THE FOLLOWING: 1) ILLEGAL OR FRAUDULENT ACTIVITY AND 2) QUESTIONABLE ACCOUNTING, INTERNAL CONTROLS AND AUDITING MATTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5LINE 15A - COMPENSATION PROCESS FOR TOP OFFICIAL: THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS INCLUDED IN THE BUDGET WHICH IS APPROVED BY THE BOARD OF DIRECTORS. ALSO, THE NATIONAL ASSOCIATION OF DEVELOPMENT COMPANIES (NADCO) RELEASES A BIANNUAL SURVEY THAT INCLUDES THE YEARLY COMPENSATION OF EXECUTIVE DIRECTORS AND OTHER OFFICERS AND KEY EMPLOYEES. THE BOARD USES THE RESULTS OF THE SURVEY TO HELP DETERMINE COMPENSATION. FORM 990, PART VI, SECTION B, LINE 15: LINE 15B - COMPENSATION PROCESS FOR OFFICERS: THE NATIONAL ASSOCIATION OF DEVELOPMENT COMPANIES (NADCO) RELEASES A BIANNUAL SURVEY THAT INCLUDES THE YEARLY COMPENSATION OF EXECUTIVE DIRECTORS AND OTHER OFFICERS AND KEY EMPLOYEES. THE BOARD USES THE RESULTS OF THE SURVEY TO HELP DETERMINE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS DISCLOSURE EXPLANATION: A COPY OF THE FORM 990 IS MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7NO CHANGE FROM PRIOR YEAR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05065288
IRS990/TotalAssetsEOYAmt05337240
IRS990/TotalAssetsGrp/BOYAmt05065288
IRS990/TotalAssetsGrp/EOYAmt05337240
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt017
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0229216
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01952216
IRS990/TotalFunctionalExpensesGrp/TotalAmt02181432
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0222681
IRS990/TotalLiabilitiesEOYAmt0307686
IRS990/TotalLiabilitiesGrp/BOYAmt0222681
IRS990/TotalLiabilitiesGrp/EOYAmt0307686
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04842607
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05029554
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01952216
IRS990/TotalProgramServiceRevenueAmt02068412
IRS990/TotalReportableCompFromOrgAmt0247533
IRS990/TotalRevenueGrp/ExclusionAmt0163749
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02204630
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02368379
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05065288
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05337240
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt01717
IRS990/TravelGrp/TotalAmt01717
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03980 CHICAGO DRIVE SW
IRS990/USAddress/CityNm0GRANDVILLE
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd049418
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.GLCF.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JULIE PARKER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06163231276
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-03-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GREAT LAKES COMMERCIAL FINANCE
ReturnHeader/Filer/BusinessNameControlTxt0GREA
ReturnHeader/Filer/EIN0382467385

Document Assets

No mirrored PDF or thumbnail assets are attached yet.