Liabilities / Assets
43rd percentile
Higher debt load relative to assets than 43% of similar nonprofits.
990 • Fiscal year 2025 • EIN 38-2467385
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
43rd percentile
Higher debt load relative to assets than 43% of similar nonprofits.
Liabilities / Revenue
45th percentile
Higher debt load relative to revenue than 45% of similar nonprofits.
Net Margin
47th percentile
Higher net margin than 47% of similar nonprofits.
Top Officer Pay
85th percentile
Higher top officer pay than 85% of similar nonprofits.
Top officer pay equals 10.5% of source-year revenue.
Asset Growth
56th percentile
Faster asset growth than 56% of similar nonprofits.
Revenue Growth
27th percentile
Faster revenue growth than 27% of similar nonprofits.
Assets
Up$5,337,240
Up $271,952 (+5.4%) from 2024
Net Assets
Up$5,029,554
Up $186,947 (+3.9%) from 2024
Liabilities
Up$307,686
Up $85,005 (+38%) from 2024
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
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| 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 | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Land Buildings | $42,360 | $99,752 | $142,112 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Julie Parker | President | FT | $247,533 | $247,533 |
| Name | Title |
|---|---|
| Craig Oosterhouse | Chairman |
| Mike Vanommen | Vice Chairman |
| Mitchell Blue | Trustee |
| Olivia Lanctot | Trustee |
| Rob Robbins | Trustee |
| Stacey Stephens | Secretary |
| Amanda Murray | Treasurer |
| Line Item | Amount |
|---|---|
| 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 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| 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 |
| Line Item | Amount |
|---|---|
| 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 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Application Fee Deposits | $160,286 |
| Lease Liability | $82,100 |
“Classes of members or stockholders members”
“Election of members and their rights. Members elect board of directors.”
“Decisions subject to approval of members. Yes, annual budget”
“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.”
“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.”
“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.”
“Governing documents disclosure explanation: a copy of the form 990 is made available for public inspection upon request.”
“No change from prior year”
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 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 13793 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 60472 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 229982 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 231537 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 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/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 597 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 19501 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 20098 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | JULIE PARKER |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 6164594825 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 3980 CHICAGO DR SW SUITE 220 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | GRANDVILLE |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MI |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 49418 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 4706120 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 4928620 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 16486 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 231047 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 247533 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 1 |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 36859 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 36859 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 288450 |
| IRS990/CYOtherExpensesAmt | 0 | 475255 |
| IRS990/CYOtherRevenueAmt | 0 | 11517 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 2068412 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 186947 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 1706177 |
| IRS990/CYTotalExpensesAmt | 0 | 2181432 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 2368379 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 1 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 18650 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 4828 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 8036 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 8036 |
| IRS990/Desc | 0 | GREAT LAKES COMMERCIAL FINANCE PROVIDED FUNDING FOR 46 SBA LOANS IN FISCAL YEAR 9/30/2025 TOTALING $39,878,000 IN LOAN DOLLARS. |
| IRS990/DescribedInSection501c3Ind | 0 | 0 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 17 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 1952216 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 83385 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 83385 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 40.00 |
| 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/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/PersonNm | 0 | CRAIG OOSTERHOUSE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | MIKE VANOMMEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | STACEY STEPHENS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | AMANDA MURRAY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | MITCHELL BLUE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | OLIVIA LANCTOT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | ROB ROBBINS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | JULIE PARKER |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| 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 | 247533 |
| 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/TitleTxt | 0 | CHAIRMAN |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | VICE CHAIRMAN |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | PRESIDENT |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 0 |
| IRS990/FormationYr | 0 | 1980 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GainOrLossGrp/OtherAmt | 0 | -1217 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 8 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 2369596 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 8 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 19487 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 19487 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 164966 |
| IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt | 0 | 124701 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 289667 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 99752 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 51613 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 42360 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 142112 |
| IRS990/LegalDomicileStateCd | 0 | MI |
| IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt | 0 | 1217 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 1 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| 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 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 4842607 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 5029554 |
| IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt | 0 | -1217 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | -1217 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 4842607 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 5029554 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 4319 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 71413 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 75732 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 41072 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 81233 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 3485 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 57638 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 61123 |
| IRS990/OtherExpensesGrp/Desc | 0 | DUES & MEMBERSHIPS |
| IRS990/OtherExpensesGrp/Desc | 1 | MARKETING & PROMOTION |
| IRS990/OtherExpensesGrp/Desc | 2 | ECONOMIC DEVELOPMENT |
| IRS990/OtherExpensesGrp/Desc | 3 | OFFICE EXPENSE |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 988 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 85818 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 73632 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 53153 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 16350 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 85818 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 73632 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 53153 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 17338 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 190238 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 242386 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 525990 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | MISC INCOME |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 11517 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 11517 |
| IRS990/OtherRevenueTotalAmt | 0 | 11517 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 81049 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 1135963 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 1217012 |
| IRS990/OtherWebsiteInd | 0 | X |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 7594 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 106435 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 114029 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 3790 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 62690 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 66480 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 36501 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 53490 |
| IRS990/PrincipalOfficerNm | 0 | JULIE PARKER |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 525990 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 525990 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 525990 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | SERVICING FEE |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | ORIGINATION AND OTHER |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | FLOAT INCOME |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 1189061 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 631524 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 247827 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 1189061 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 631524 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 247827 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 451877 |
| IRS990/PYOtherExpensesAmt | 0 | 414441 |
| IRS990/PYOtherRevenueAmt | 0 | 44145 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 1984986 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 764784 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 1301783 |
| IRS990/PYTotalExpensesAmt | 0 | 1716224 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 2481008 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 186947 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 2181432 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 42360 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 99752 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 142112 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 160286 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 82100 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | APPLICATION FEE DEPOSITS |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | LEASE LIABILITY |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 2368379 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 42360 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 2181432 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 242386 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 2368379 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 2368379 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 2181432 |
| IRS990ScheduleJ/AnyNonFixedPaymentsInd | 0 | 0 |
| IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd | 0 | 0 |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | 0 |
| IRS990ScheduleJ/InitialContractExceptionInd | 0 | 0 |
| IRS990/ScheduleJRequiredInd | 0 | 1 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 0 | 247533 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | JULIE PARKER |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 0 | 247533 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | 0 |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | CLASSES OF MEMBERS OR STOCKHOLDERS MEMBERS |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ELECTION OF MEMBERS AND THEIR RIGHTS. MEMBERS ELECT BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DECISIONS SUBJECT TO APPROVAL OF MEMBERS. YES, ANNUAL BUDGET |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | GOVERNING DOCUMENTS DISCLOSURE EXPLANATION: A COPY OF THE FORM 990 IS MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | NO CHANGE FROM PRIOR YEAR |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION A, LINE 7B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PART XII, LINE 2: |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | MI |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
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| IRS990/TotalAssetsEOYAmt | 0 | 5337240 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 5065288 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 5337240 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 1 |
| IRS990/TotalEmployeeCnt | 0 | 17 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 229216 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 1952216 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 2181432 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 222681 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 307686 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 222681 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 307686 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 4842607 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 5029554 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 1952216 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 2068412 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 247533 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 163749 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 2204630 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 2368379 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 0 |
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| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 5337240 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TravelGrp/ProgramServicesAmt | 0 | 1717 |
| IRS990/TravelGrp/TotalAmt | 0 | 1717 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 3980 CHICAGO DRIVE SW |
| IRS990/USAddress/CityNm | 0 | GRANDVILLE |
| IRS990/USAddress/StateAbbreviationCd | 0 | MI |
| IRS990/USAddress/ZIPCd | 0 | 49418 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 8 |
| IRS990/VotingMembersIndependentCnt | 0 | 8 |
| IRS990/WebsiteAddressTxt | 0 | WWW.GLCF.ORG |
| IRS990/WhistleblowerPolicyInd | 0 | 1 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JULIE PARKER |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6163231276 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2026-03-24 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | GREAT LAKES COMMERCIAL FINANCE |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | GREA |
| ReturnHeader/Filer/EIN | 0 | 382467385 |
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Displayed year
2025 • Form 990Detailed filing. Detailed filing data is available for this year.