Civic Intelligence

Great Lakes Commerical Finance

990 • Fiscal year 2022 • EIN 38-2467385

Oct 01, 2021 to Sep 30, 2022 • Filed on Mar 27, 2023

3980 Chicago Dr SW Suite 220Grandville, MI 49418

(616) 459-4825

Siviq Scores

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

Liabilities / Assets

57th percentile

0.09x

Higher debt load relative to assets than 57% of similar nonprofits.

2022 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

62nd percentile

0.20x

Higher debt load relative to revenue than 62% of similar nonprofits.

2022 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2022

Net Margin

23rd percentile

-7.7%

Higher net margin than 23% of similar nonprofits.

2022 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

92nd percentile

$207,503

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 11.9% of source-year revenue.

2022 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2022

Asset Growth

19th percentile

-10%

Faster asset growth than 19% of similar nonprofits.

2022 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

69th percentile

18%

Faster revenue growth than 69% of similar nonprofits.

2022 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2021 to 2022

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

Historical Trend

Balance Sheet Trend

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

$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

2022

Assets$3,934,233
Liabilities$351,629
Net Assets$3,582,604

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2022

Revenue$1,746,446
Expenses$1,881,702
Net Income-$135,256
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Mar 27, 2023
Return Version
2021v4.0
Gross Receipts
$1,746,446
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
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 Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$93,503$80,610$174,113
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Julie ParkerPresidentFT$207,503$207,503

Board Members and Trustees

NameTitle
Dave DuponChairman
Dan DebaarVice Chairma
Mike VanommenDirector
Andy JacksonTrustee
Cerise SemrinecTrustee
Mitchell BlueTrustee
Nancy BoeseTrustee
Wendy TimminsTrustee
Steve WilsonSecretary
Kara WoodTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,928,087
Investment Income
$-181,641
Other Revenue
$0
Change in Net Assets
$-135,256

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,746,446
Total Revenue per Audited Statements
$1,746,446
Total Revenue per Form 990
$1,746,446
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
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

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
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

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,881,702
Total Expenses per Audited Statements$1,881,702
Total Expenses per Form 990$1,881,702
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
Deposits$163,363
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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, Page 6, Part VI, Line 6

MEMBERS

Form 990, Page 6, Part VI, Line 7A

Members elect board of directors

Form 990, Page 6, Part VI, Line 7B

YES, ANNUAL BUDGET

Form 990, Page 6, Part VI, Line 11B

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, Page 6, Part VI, Line 12C

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.

Form 990, Page 6, Part VI, Line 15A

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, Page 6, Part VI, Line 15B

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, Page 6, Part VI, Line 19

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
Doing Business As
Economic Development Foundation-cer

Signing Officer

Name
Julie Parker
Title
President
Phone
6164594825
Signed
2023-03-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julie Parker
Voting Board Members
11
Independent Board Members
11
Employees
15

Preparer

Firm
H&s Companies Pc
Address
103 S CHESTNUT ST, REED CITY, MI 49677
Preparer
Corinna Hervey
Phone
2318322799
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

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.

Form 990, Part XI, Line 9

Loss on disposal of assets 0 loss on disposal of assets 0

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Loss on disposal of assets 0

Schedule D, Page 4, Part XII, Line 2D

Loss on disposal of assets 0

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IRS990/OtherExpensesGrp/Desc0PROMOTION
IRS990/OtherExpensesGrp/Desc1DUES & MEMBERSHIPS
IRS990/OtherExpensesGrp/Desc2PROFESSIONAL
IRS990/OtherExpensesGrp/Desc3OTHER
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt026040
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13333
IRS990/OtherExpensesGrp/ProgramServicesAmt0100428
IRS990/OtherExpensesGrp/ProgramServicesAmt139172
IRS990/OtherExpensesGrp/ProgramServicesAmt216971
IRS990/OtherExpensesGrp/TotalAmt0100428
IRS990/OtherExpensesGrp/TotalAmt139172
IRS990/OtherExpensesGrp/TotalAmt226040
IRS990/OtherExpensesGrp/TotalAmt320304
IRS990/OtherLiabilitiesGrp/BOYAmt0239063
IRS990/OtherLiabilitiesGrp/EOYAmt0163363
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt044739
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0980000
IRS990/OtherSalariesAndWagesGrp/TotalAmt01024739
IRS990/OtherWebsiteInd0X
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt016155
IRS990/PayrollTaxesGrp/ProgramServicesAmt082250
IRS990/PayrollTaxesGrp/TotalAmt098405
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt05843
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt029750
IRS990/PensionPlanContributionsGrp/TotalAmt035593
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt041257
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt015825
IRS990/PrincipalOfficerNm0JULIE PARKER
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IRS990/ProgramServiceRevenueGrp/Desc0SERVICING FEES
IRS990/ProgramServiceRevenueGrp/Desc1ORIGINATION FEES
IRS990/ProgramServiceRevenueGrp/Desc2FLOAT INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0964498
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1912923
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt250666
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0964498
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1912923
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt250666
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IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0179883
IRS990/PYOtherExpensesAmt0386604
IRS990/PYProgramServiceRevenueAmt01295191
IRS990/PYRevenuesLessExpensesAmt0-19253
IRS990/PYSalariesCompEmpBnftPaidAmt01107723
IRS990/PYTotalExpensesAmt01494327
IRS990/PYTotalRevenueAmt01475074
IRS990/ReconcilationRevenueExpnssAmt0-135256
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01928087
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt01881702
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt093503
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt080610
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0174113
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0163363
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt01746446
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0LOSS ON DISPOSAL OF ASSETS 0
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LOSS ON DISPOSAL OF ASSETS 0
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt093503
IRS990ScheduleD/TotalExpensesPerForm990Amt01881702
IRS990ScheduleD/TotalLiabilityAmt0163363
IRS990ScheduleD/TotalRevenuePerForm990Amt01746446
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01746446
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01881702
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IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0207503
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IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0STIMULATION 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/ExplanationTxt1MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS ELECT BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3YES, ANNUAL BUDGET
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A COPY OF THE 990 IS PROVIDED TO THE BOARD FOR THEIR REVIEW AND APPROVAL BEFORE THE RETURN IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ECONOMIC 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/ExplanationTxt6THE 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/ExplanationTxt7THE 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/ExplanationTxt8A COPY OF THE FORM 990 IS MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9LOSS ON DISPOSAL OF ASSETS 0 LOSS ON DISPOSAL OF ASSETS 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XI, LINE 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04389271
IRS990/TotalAssetsEOYAmt03934233
IRS990/TotalAssetsGrp/BOYAmt04389271
IRS990/TotalAssetsGrp/EOYAmt03934233
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt015
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0303589
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01578113
IRS990/TotalFunctionalExpensesGrp/TotalAmt01881702
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0671411
IRS990/TotalLiabilitiesEOYAmt0351629
IRS990/TotalLiabilitiesGrp/BOYAmt0671411
IRS990/TotalLiabilitiesGrp/EOYAmt0351629
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03717860
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03582604
IRS990/TotalProgramServiceExpensesAmt01578113
IRS990/TotalProgramServiceRevenueAmt01928087
IRS990/TotalReportableCompFromOrgAmt0207503
IRS990/TotalRevenueGrp/ExclusionAmt029034
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01717412
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01746446
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04389271
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03934233
IRS990/TravelGrp/ProgramServicesAmt019866
IRS990/TravelGrp/TotalAmt019866
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03980 CHICAGO DR SW SUITE 220
IRS990/USAddress/CityNm0GRANDVILLE
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd049418
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0GLCF.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JULIE PARKER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06164594825
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-03-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GREAT LAKES COMMERCIAL FINANCE
ReturnHeader/Filer/BusinessNameControlTxt0GREA
ReturnHeader/Filer/EIN0382467385
ReturnHeader/Filer/PhoneNum06164594825
ReturnHeader/Filer/USAddress/AddressLine1Txt03980 CHICAGO DR SW SUITE 220
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0382563599
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0H&S COMPANIES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0103 S CHESTNUT ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0REED CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd049677
ReturnHeader/PreparerPersonGrp/PhoneNum02318322799
ReturnHeader/PreparerPersonGrp/PreparationDt02023-03-27

Document Assets

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Filings

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