Liabilities / Assets
57th percentile
Higher debt load relative to assets than 57% of similar nonprofits.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
57th percentile
Higher debt load relative to assets than 57% of similar nonprofits.
Liabilities / Revenue
62nd percentile
Higher debt load relative to revenue than 62% of similar nonprofits.
Net Margin
23rd percentile
Higher net margin than 23% of similar nonprofits.
Top Officer Pay
92nd percentile
Higher top officer pay than 92% of similar nonprofits.
Top officer pay equals 11.9% of source-year revenue.
Asset Growth
19th percentile
Faster asset growth than 19% of similar nonprofits.
Revenue Growth
69th percentile
Faster revenue growth than 69% of similar nonprofits.
Assets
Down$3,934,233
Down $455,038 (-10%) from 2021
Net Assets
Down$3,582,604
Down $135,256 (-3.6%) from 2021
Liabilities
Down$351,629
Down $319,782 (-48%) from 2021
Revenue
Up$1,746,446
Up $271,372 (+18%) from 2021
Expenses
Up$1,881,702
Up $387,375 (+26%) from 2021
Net Income
Down-$135,256
Down $116,003 (-603%) from 2021
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.
Stimulation of economic development throughout the state of michigan by promoting and assisting growth and development of business concerns.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $4,197,636 | $3,721,637 | ▼ $475,999 |
| Land, Buildings, and Equipment, Net | $103,715 | $93,503 | ▼ $10,212 |
| Accounts Receivable | $19,476 | $84,302 | ▲ $64,826 |
| Intangible Assets | $25,353 | $17,132 | ▼ $8,221 |
| Prepaid Expenses and Deferred Charges | $41,257 | $15,825 | ▼ $25,432 |
| Total Assets | $4,389,271 | $3,934,233 | ▼ $455,038 |
| Other Assets Total | $1,834 | $1,834 | → $0 |
| Liabilities | |||
| Other Liabilities | $239,063 | $163,363 | ▼ $75,700 |
| Deferred Revenue | $373,731 | $102,185 | ▼ $271,546 |
| Accounts Payable and Accrued Expenses | $58,617 | $86,081 | ▲ $27,464 |
| Total Liabilities | $671,411 | $351,629 | ▼ $319,782 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $3,717,860 | $3,582,604 | ▼ $135,256 |
| Total Net Assets Fund Balance | $3,717,860 | $3,582,604 | ▼ $135,256 |
| Total Liabilities and Net Assets / Fund Balance | $4,389,271 | $3,934,233 | ▼ $455,038 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Land Buildings | $93,503 | $80,610 | $174,113 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Julie Parker | President | FT | $207,503 | $207,503 |
| Name | Title |
|---|---|
| Dave Dupon | Chairman |
| Dan Debaar | Vice Chairma |
| Mike Vanommen | Director |
| Andy Jackson | Trustee |
| Cerise Semrinec | Trustee |
| Mitchell Blue | Trustee |
| Nancy Boese | Trustee |
| Wendy Timmins | Trustee |
| Steve Wilson | Secretary |
| Kara Wood | Treasurer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $1,433,849 |
| Other Expenses | $447,853 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $980,000 | $44,739 | - | $1,024,739 |
| Current Officers, Directors, Trustees, and Key Employees | $93,377 | $114,127 | - | $207,504 |
| Payroll Taxes | $82,250 | $16,155 | - | $98,405 |
| Occupancy | $69,602 | $13,671 | - | $83,273 |
| All Other Expenses | $47,142 | $23,948 | - | $71,090 |
| Other Employee Benefits | $56,509 | $11,099 | - | $67,608 |
| Conferences and Meetings | $43,046 | - | - | $43,046 |
| Pension Plan Contributions | $29,750 | $5,843 | - | $35,593 |
| Depreciation Depletion | - | $29,222 | - | $29,222 |
| Other Expenses | $16,971 | $3,333 | - | $20,304 |
| Travel | $19,866 | - | - | $19,866 |
| Fees for Services Accounting | - | $9,000 | - | $9,000 |
| Fees for Services Legal | - | $6,412 | - | $6,412 |
| Total Functional Expenses | $1,578,113 | $303,589 | $0 | $1,881,702 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $1,881,702 |
| Total Expenses per Audited Statements | $1,881,702 |
| Total Expenses per Form 990 | $1,881,702 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Deposits | $163,363 |
“MEMBERS”
“Members elect board of directors”
“YES, ANNUAL BUDGET”
“A copy of the 990 is provided to the board for their review and approval before the return is filed with the irs.”
“Economic development foundation 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.”
“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.”
“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.”
“A copy of the form 990 is made available for public inspection upon request.”
“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.”
“Loss on disposal of assets 0 loss on disposal of assets 0”
“Loss on disposal of assets 0”
“Loss on disposal of assets 0”
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/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 58617 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 86081 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 19476 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 84302 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | STIMULATION OF ECONOMIC DEVELOPMENT THROUGHOUT THE STATE OF MICHIGAN BY PROMOTING AND ASSISTING GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS. |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 23948 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 47142 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 71090 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | false |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | JULIE PARKER |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 6164594825 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1345 MONROE NW |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine2Txt | 0 | STE 132 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | GRAND RAPIDS |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MI |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 49505 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 4197636 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 3721637 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 114127 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 93377 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 207504 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | true |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 43046 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 43046 |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | -181641 |
| IRS990/CYOtherExpensesAmt | 0 | 447853 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 1928087 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -135256 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 1433849 |
| IRS990/CYTotalExpensesAmt | 0 | 1881702 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 1746446 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | true |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 373731 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 102185 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 29222 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 29222 |
| IRS990/Desc | 0 | ECONOMIC DEVELOPMENT FOUNDATION PROVIDED FUNDING FOR 72 SBA LOANS IN FISCAL YEAR 9/30/2022 TOTALING 52,521,000 IN LOAN DOLLARS. |
| IRS990/DescribedInSection501c3Ind | 0 | false |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DoingBusinessAsName/BusinessNameLine1Txt | 0 | ECONOMIC DEVELOPMENT FOUNDATION-CER |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | true |
| IRS990/EmployeeCnt | 0 | 15 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | false |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 1578113 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 9000 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 9000 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 6412 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 6412 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 4.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 4.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 4.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 4.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | JULIE PARKER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | MITCHELL BLUE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | NANCY BOESE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | DAN DEBAAR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | DAVE DUPON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | ANDY JACKSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | CERISE SEMRINEC |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | WENDY TIMMINS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | MIKE VANOMMEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | STEVE WILSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | KARA WOOD |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 207503 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | VICE CHAIRMA |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | CHAIRMAN |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | TREASURER |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | false |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedInd | 0 | false |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 11 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 1746446 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
| IRS990/IndependentVotingMemberCnt | 0 | 11 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/IntangibleAssetsGrp/BOYAmt | 0 | 25353 |
| IRS990/IntangibleAssetsGrp/EOYAmt | 0 | 17132 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 29034 |
| IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt | 0 | -210675 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | -181641 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 80610 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 103715 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 93503 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 174113 |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | true |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | 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. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NameChangeInd | 0 | X |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 3717860 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 3582604 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 3717860 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 3582604 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 13671 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 69602 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 83273 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 1834 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 1834 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 11099 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 56509 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 67608 |
| IRS990/OtherExpensesGrp/Desc | 0 | PROMOTION |
| IRS990/OtherExpensesGrp/Desc | 1 | DUES & MEMBERSHIPS |
| IRS990/OtherExpensesGrp/Desc | 2 | PROFESSIONAL |
| IRS990/OtherExpensesGrp/Desc | 3 | OTHER |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 26040 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 3333 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 100428 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 39172 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 16971 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 100428 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 39172 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 26040 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 20304 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 239063 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 163363 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 44739 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 980000 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 1024739 |
| IRS990/OtherWebsiteInd | 0 | X |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 16155 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 82250 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 98405 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 5843 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 29750 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 35593 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 41257 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 15825 |
| IRS990/PrincipalOfficerNm | 0 | JULIE PARKER |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | SERVICING FEES |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | ORIGINATION FEES |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | FLOAT INCOME |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 964498 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 912923 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 50666 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 964498 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 912923 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 50666 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYExcessBenefitTransInd | 0 | false |
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| IRS990/PYOtherExpensesAmt | 0 | 386604 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 1295191 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -19253 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 1107723 |
| IRS990/PYTotalExpensesAmt | 0 | 1494327 |
| IRS990/PYTotalRevenueAmt | 0 | 1475074 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -135256 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RevenueAmt | 0 | 1928087 |
| IRS990/ScheduleBRequiredInd | 0 | false |
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| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 93503 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 80610 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 174113 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 163363 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | DEPOSITS |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | LOSS ON DISPOSAL OF ASSETS 0 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | LOSS ON DISPOSAL OF ASSETS 0 |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE D, PAGE 4, PART XI, LINE 2D |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | SCHEDULE D, PAGE 4, PART XII, LINE 2D |
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| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 1881702 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 163363 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 1746446 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 1746446 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 1881702 |
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| IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd | 0 | false |
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| IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd | 0 | false |
| IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd | 0 | false |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | false |
| IRS990ScheduleJ/InitialContractExceptionInd | 0 | false |
| IRS990/ScheduleJRequiredInd | 0 | true |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | JULIE PARKER |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | PRESIDENT |
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| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | MEMBERS |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | MEMBERS ELECT BOARD OF DIRECTORS |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | YES, ANNUAL BUDGET |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | 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/ExplanationTxt | 5 | ECONOMIC DEVELOPMENT FOUNDATION 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/ExplanationTxt | 6 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | 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/ExplanationTxt | 8 | A COPY OF THE FORM 990 IS MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | LOSS ON DISPOSAL OF ASSETS 0 LOSS ON DISPOSAL OF ASSETS 0 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 7B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PAGE 6, PART VI, LINE 15B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | FORM 990, PART XI, LINE 9 |
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| IRS990/SignificantChangeInd | 0 | false |
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| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
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| IRS990/TotalAssetsEOYAmt | 0 | 3934233 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 4389271 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 3934233 |
| IRS990/TotalCompGreaterThan150KInd | 0 | true |
| IRS990/TotalEmployeeCnt | 0 | 15 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 303589 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 1578113 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 1881702 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 671411 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 351629 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 671411 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 351629 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 3717860 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 3582604 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 1578113 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 1928087 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 207503 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 29034 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 1717412 |
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| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 4389271 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 3934233 |
| IRS990/TravelGrp/ProgramServicesAmt | 0 | 19866 |
| IRS990/TravelGrp/TotalAmt | 0 | 19866 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 3980 CHICAGO DR SW SUITE 220 |
| IRS990/USAddress/CityNm | 0 | GRANDVILLE |
| IRS990/USAddress/StateAbbreviationCd | 0 | MI |
| IRS990/USAddress/ZIPCd | 0 | 49418 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 11 |
| IRS990/VotingMembersIndependentCnt | 0 | 11 |
| IRS990/WebsiteAddressTxt | 0 | GLCF.ORG |
| IRS990/WhistleblowerPolicyInd | 0 | true |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JULIE PARKER |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6164594825 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-03-27 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | GREAT LAKES COMMERCIAL FINANCE |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | GREA |
| ReturnHeader/Filer/EIN | 0 | 382467385 |
| ReturnHeader/Filer/PhoneNum | 0 | 6164594825 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 3980 CHICAGO DR SW SUITE 220 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | GRANDVILLE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MI |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 49418 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 382563599 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | H&S COMPANIES PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 103 S CHESTNUT ST |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | REED CITY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MI |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 49677 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2318322799 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2023-03-27 |
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Displayed year
2022 • Form 990Detailed filing. Detailed filing data is available for this year.