Civic Intelligence

Michigan Certified Development Corp

EIN 38-2476532 • 501(c)4 • East Lansing, MI

View Organization Page

Profile

To stimulate economic development in michigan by promoting and assisting in the growth and development of businesses by helping businesses to obtain financing.

3737 Coolidge Rd 2nd FloorEast Lansing, MI 48823

www.michigancdc.org

Siviq Scores

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

Liabilities / Assets

47th percentile

0.08x

Higher debt load relative to assets than 47% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

52nd percentile

0.18x

Higher debt load relative to revenue than 52% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Source year 2025

Net Margin

35th percentile

2.0%

Higher net margin than 35% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

75th percentile

$284,134

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 6.5% of source-year revenue.

501(c)4 • $10M-$25M nonprofits • Source year 2025

Asset Growth

52nd percentile

5.5%

Faster asset growth than 52% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

41st percentile

4.7%

Faster revenue growth than 41% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets47th percentile

Assets

Up

$10,188,009

Up $533,158 (+5.5%) from 2024

Liabilities

Up

$771,674

Up $96,069 (+14%) from 2024

Net Assets

Up

$9,416,335

Up $437,089 (+4.9%) from 2024

Operations
Liabilities / Revenue52nd percentileNet Margin35th percentile

Revenue

Up

$4,345,598

Up $196,925 (+4.7%) from 2024

Expenses

Up

$4,257,678

Up $222,949 (+5.5%) from 2024

Net Income

Down

$87,920

Down $26,024 (-23%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth52nd percentile

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

$15M$10M$5.0M$0Assets 2010: $3,034,957Liabilities 2010: $588,613Net Assets 2010: $2,446,3442010Assets 2011: $2,627,494Liabilities 2011: $395,599Net Assets 2011: $2,231,8952011Assets 2012: $3,199,514Liabilities 2012: $414,129Net Assets 2012: $2,785,3852012Assets 2013: $3,551,476Liabilities 2013: $337,957Net Assets 2013: $3,213,5192013Assets 2014: $4,128,389Liabilities 2014: $224,331Net Assets 2014: $3,904,0582014Assets 2015: $4,669,839Liabilities 2015: $224,973Net Assets 2015: $4,444,8662015Assets 2016: $5,333,080Liabilities 2016: $172,796Net Assets 2016: $5,160,2842016Assets 2017: $6,454,641Liabilities 2017: $503,993Net Assets 2017: $5,950,6482017Assets 2018: $6,766,588Liabilities 2018: $210,737Net Assets 2018: $6,555,8512018Assets 2019: $6,712,727Liabilities 2019: $218,333Net Assets 2019: $6,494,3942019Assets 2020: $7,505,824Liabilities 2020: $360,342Net Assets 2020: $7,145,4822020Assets 2021: $9,158,589Liabilities 2021: $351,248Net Assets 2021: $8,807,3412021Assets 2022: $8,289,445Liabilities 2022: $426,011Net Assets 2022: $7,863,4342022Assets 2023: $8,735,406Liabilities 2023: $768,171Net Assets 2023: $7,967,2352023Assets 2024: $9,654,851Liabilities 2024: $675,605Net Assets 2024: $8,979,2462024Assets 2025: $10,188,009Liabilities 2025: $771,674Net Assets 2025: $9,416,3352025

Highlighted filing

2025

Assets$10,188,009
Liabilities$771,674
Net Assets$9,416,335
Open 2025 Filing

Operations Trend

Revenue Growth41st percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,633,9772010Expenses 2011: $1,825,4722011Expenses 2012: $1,894,8232012Revenue 2013: $2,592,405Expenses 2013: $2,215,980Net Income 2013: $376,4252013Revenue 2014: $2,581,696Expenses 2014: $2,008,646Net Income 2014: $573,0502014Revenue 2015: $2,590,439Expenses 2015: $1,940,022Net Income 2015: $650,4172015Revenue 2016: $2,530,196Expenses 2016: $2,031,957Net Income 2016: $498,2392016Revenue 2017: $2,803,120Expenses 2017: $2,306,715Net Income 2017: $496,4052017Revenue 2018: $3,098,033Expenses 2018: $2,676,412Net Income 2018: $421,6212018Revenue 2019: $3,185,851Expenses 2019: $3,270,484Net Income 2019: -$84,6332019Revenue 2020: $3,825,592Expenses 2020: $3,345,344Net Income 2020: $480,2482020Revenue 2021: $6,129,522Expenses 2021: $3,304,674Net Income 2021: $2,824,8482021Revenue 2022: $3,345,463Expenses 2022: $3,721,907Net Income 2022: -$376,4442022Revenue 2023: $3,683,434Expenses 2023: $3,910,841Net Income 2023: -$227,4072023Revenue 2024: $4,148,673Expenses 2024: $4,034,729Net Income 2024: $113,9442024Revenue 2025: $4,345,598Expenses 2025: $4,257,678Net Income 2025: $87,9202025

Highlighted filing

2025

Revenue$4,345,598
Expenses$4,257,678
Net Income$87,920
Open 2025 Filing

Filings

Most recent year

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

Open filing
Assets
$10,188,009
Liabilities
$771,674
Net assets
$9,416,335
Revenue
$4,345,598
Expenses
$4,257,678
Net income
$87,920
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$10.2$0.77$9.42$4.35$4.26$0.09
2024Detailed filing. Detailed filing data is available for this year.$9.65$0.68$8.98$4.15$4.03$0.11
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.74$0.77$7.97$3.68$3.91$0.23
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.29$0.43$7.86$3.35$3.72$0.38
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.16$0.35$8.81$6.13$3.30$2.82
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.51$0.36$7.15$3.83$3.35$0.48
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.71$0.22$6.49$3.19$3.27$0.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.77$0.21$6.56$3.10$2.68$0.42
2017Detailed filing. Detailed filing data is available for this year.$6.45$0.50$5.95$2.80$2.31$0.50
2016Detailed filing. Detailed filing data is available for this year.$5.33$0.17$5.16$2.53$2.03$0.50
2015Detailed filing. Detailed filing data is available for this year.$4.67$0.22$4.44$2.59$1.94$0.65
2014Detailed filing. Detailed filing data is available for this year.$4.13$0.22$3.90$2.58$2.01$0.57
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.55$0.34$3.21$2.59$2.22$0.38
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.20$0.41$2.79$1.89
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.63$0.40$2.23$1.83
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.03$0.59$2.45$1.63
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2024 to Sep 30, 2025
Signed
Jan 30, 2026
Return Version
2024v5.5
Gross Receipts
$5,934,596
Mission and Program Overview

Mission

To stimulate economic development in michigan by promoting and assisting in the growth and development of businesses by helping businesses to obtain financing.

To stimulate economic development in michigan by helping businesses to obtain financing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,999,777$6,176,274▲ $176,497
Other Notes and Loans Receivable, Net$910,262$1,738,167▲ $827,905
Land, Buildings, and Equipment, Net$1,286,972$1,245,676▼ $41,296
Savings and Temporary Cash Investments$892,185$575,322▼ $316,863
Accounts Receivable$317,462$329,159▲ $11,697
Prepaid Expenses and Deferred Charges$5,941$5,941→ $0
Total Assets$9,654,851$10,188,009▲ $533,158
Other Assets Total$242,252$117,470▼ $124,782
Liabilities
Accounts Payable and Accrued Expenses$411,139$323,918▼ $87,221
Mortgage Notes Payable Secured by Investment Property-$300,000-
Other Liabilities$264,466$147,756▼ $116,710
Total Liabilities$675,605$771,674▲ $96,069
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,979,246$9,416,335▲ $437,089
Total Net Assets Fund Balance$8,979,246$9,416,335▲ $437,089
Total Liabilities and Net Assets / Fund Balance$9,654,851$10,188,009▲ $533,158

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,241,321$302,919$1,544,240
Equipment$3,044$122,556$125,600
Other Land Buildings$1,311$2,894$4,205
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark WilliamsPresidentFT$229,421$54,713$284,134
Scott VroegindeweySenior Loan OfficerFT$177,626$39,197$216,823
Eric J KehlerVP of 504 LendingFT$133,127$67,550$200,677
John JohnsonSenior Loan OfficerFT$131,180$59,208$190,388
Steven PriccoDirector of 7a LendingFT$121,477$57,708$179,185
Marnie SpitzleyVP of OperationsFT$121,210$44,570$165,780
Jason BarnettDirectorPT$9,640-$9,640
Debra GagliardiChairPT$6,800-$6,800
James FayTreasurer/secretaryPT$6,620-$6,620
Anthony ReedDirector-$6,460-$6,460
Mark MoranteVice Chair-$6,280-$6,280
Gregory NicholasDirector-$6,120-$6,120
Janet McclellandDirector-$5,600-$5,600
John a JanickDirector-$5,100-$5,100
Joseph CalvarusoDirector-$4,760-$4,760
Calvin C Cupidore JrDirector-$4,420-$4,420
Tom JohnsonDirector-$4,420-$4,420
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,963,748
Investment Income
$381,850
Other Revenue
$0
Change in Net Assets
$87,920

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,321,850
Revenue Not Reported on Financial Statements
$23,748
Revenue Not Reported on Form 990
$349,169
Total Revenue per Audited Statements
$4,671,019
Total Revenue per Form 990
$4,345,598
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,166,708
Other Expenses$1,090,970
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,948,753$206,859-$2,155,612
Other Employee Benefits$406,211$46,544-$452,755
Current Officers, Directors, Trustees, and Key Employees$297,934$74,483-$372,417
Occupancy$182,759$12,319-$195,078
Payroll Taxes$165,472$20,452-$185,924
Fees for Services Other$130,197$24,800-$154,997
Advertising$133,224$16,466-$149,690
Conferences and Meetings$115,625$14,290-$129,915
Travel$113,549$14,035-$127,584
Information Technology$106,678$13,185-$119,863
Insurance-$49,007-$49,007
Depreciation Depletion$40,154$4,963-$45,117
Office Expenses$23,963$2,962-$26,925
Fees for Services Accounting$20,034$3,816-$23,850
Fees for Service Investment Mgmnt Fees$19,948$3,800-$23,748
Other Expenses$11,838$1,672-$11,838
Fees for Services Legal$3,317$632-$3,949
Total Functional Expenses$3,747,393$510,285$0$4,257,678

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,257,678
Expenses per Audited Statements$4,233,930
Total Expenses per Audited Statements$4,233,930
Expenses Not Reported on Financial Statements$23,748
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
Operating Lease Liability$122,015
Deposits$20,297
May Funding$5,444
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Management duties delegated
No

Governance Explanations

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

“The 990 is received by the organization's president who reviews the return for accuracy. Upon the president's approval, the 990 is made available to the finance committee and the board of directors. After any concerns presented by the finance committee and board are addressed, the president signs and files the return.”

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

“All board members are required to annually sign a written conflict of interest statement detailing any potential conflicts. Any noted conflicts are reported to the board.”

Form 990, Part VI, Section B, Line 15

“The organization participates in and receives results of a survey conducted every 2 years by an outside consultant engaged by the national association of development companies (nadco). The survey compiles information for all cdcs nationwide then breaks the information down by region, cdc managed portfolio size and cdc annual revenue with information for many positions within cdcs including president/ceo. The board also utilizes the michigan banker's association (mba) annual salary survey for many similar positions. Both surveys are reviewed and compiled by the organization's hr consultant who then stratifies the information into wage ranges (60% nadco, region 5 (midwest) and 40% from mba data) for all positions, including the president/ceo to compare total compensation by position and where it falls in the salary range. The annual review process is overseen by the chairperson of the board with input from the human resources committee chair and the vice-chair. The full board retains final approval authority. The above process is outlined in our executive compensation policy.”

Form 990, Part VI, Section C, Line 19

“All information is available upon request.”

Filing and Contact Details

Filer

Filer Name
Michigan Certified Development Corp
EIN
38-2476532
Phone
5178866612
Address
3737 COOLIDGE RD 2ND FLOOR, EAST LANSING, MI 48823

Signing Officer

Name
Mark Williams
Title
President
Phone
5178866612
Signed
2026-01-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Williams
Formed
1982
Legal Domicile
Mi
Voting Board Members
11
Independent Board Members
8
Employees
25
Volunteers
0

Preparer

Firm
Maner Costerisan Pc
Address
2425 E GRAND RIVER SUITE 1, LANSING, MI 48912-3291
Preparer
Brandy L Mikula CPA
Phone
5173237500
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“In the preparation of tax returns, tax positions are taken based on interpretation of federal, state and local income tax laws. Management periodically reviews and evaluates the status of uncertain tax positions and makes estimates of amounts, including interest and penalties, ultimately due or owed. No amounts have been identified, or recorded, as uncertain tax positions. Federal, state and local tax returns generally remain open for examination by the various taxing authorities for a period of three to four years.”

Raw XML AppendixShowing 400 of 594 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/BOYAmt0411139
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0323918
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IRS990/AccountsReceivableGrp/EOYAmt0329159
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO STIMULATE ECONOMIC DEVELOPMENT IN MICHIGAN BY HELPING BUSINESSES TO OBTAIN FINANCING.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt016466
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IRS990/BooksInCareOfDetail/PhoneNum05178866612
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03737 COOLIDGE RD 2ND FLOOR
IRS990/BooksInCareOfDetail/USAddress/CityNm0EAST LANSING
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IRS990/Desc0ASSISTED 67 SMALL BUSINESSES WITH OBTAINING FINANCING THROUGH THE SBA 504 PROGRAM THEREBY BENEFITING THE MICHIGAN ECONOMY BY THE CREATION AND/OR RETENTION OF 1,829 JOBS. ASSISTED 46 SMALL BUSINESSES WITH OBTAINING FINANCING THROUGH THE SBA 7(A) LOAN PROGRAM THEREBY BENEFITING THE MICHIGAN ECONOMY BY THE CREATION AND/OR RETENTION OF 717 JOBS. ASSISTED 8 SMALL BUSINESSES WITH OBTAINING FINANCING THROUGH THE SBA 7(A) COMMUNITY ADVANTAGE PROGRAM TOTALING $2,509,000.
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IRS990/Form990PartVIISectionAGrp/PersonNm0JOHN A JANICK
IRS990/Form990PartVIISectionAGrp/PersonNm1MARK MORANTE
IRS990/Form990PartVIISectionAGrp/PersonNm2JOSEPH CALVARUSO
IRS990/Form990PartVIISectionAGrp/PersonNm3TOM JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm4JANET MCCLELLAND
IRS990/Form990PartVIISectionAGrp/PersonNm5ANTHONY REED
IRS990/Form990PartVIISectionAGrp/PersonNm6GREGORY NICHOLAS
IRS990/Form990PartVIISectionAGrp/PersonNm7CALVIN C CUPIDORE JR
IRS990/Form990PartVIISectionAGrp/PersonNm8DEBRA GAGLIARDI
IRS990/Form990PartVIISectionAGrp/PersonNm9JASON BARNETT
IRS990/Form990PartVIISectionAGrp/PersonNm10JAMES FAY
IRS990/Form990PartVIISectionAGrp/PersonNm11MARK WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm12MARNIE SPITZLEY
IRS990/Form990PartVIISectionAGrp/PersonNm13ERIC J KEHLER
IRS990/Form990PartVIISectionAGrp/PersonNm14SCOTT VROEGINDEWEY
IRS990/Form990PartVIISectionAGrp/PersonNm15STEVEN PRICCO
IRS990/Form990PartVIISectionAGrp/PersonNm16JOHN JOHNSON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt05100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt24760
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt34420
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt45600
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt56460
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt66120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt74420
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt86800
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt99640
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt106620
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11247921
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12136210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13156349
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14181233
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15136554
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16151461
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/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10TREASURER/SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt11PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP OF OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP OF 504 LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt14SENIOR LOAN OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR OF 7A LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt16SENIOR LOAN OFFICER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01982
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0179491
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01768489
IRS990/GrossReceiptsAmt05934596
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt09
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt013185
IRS990/InformationTechnologyGrp/ProgramServicesAmt0106678
IRS990/InformationTechnologyGrp/TotalAmt0119863
IRS990/InsuranceGrp/ManagementAndGeneralAmt049007
IRS990/InsuranceGrp/TotalAmt049007
IRS990/InvestmentIncomeGrp/ExclusionAmt0202359
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0202359
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt05999777
IRS990/InvestmentsPubTradedSecGrp/EOYAmt06176274
IRS990/IRPDocumentCnt017
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0428369
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01286972
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01245676
IRS990/LandBldgEquipCostOrOtherBssAmt01674045
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01588998
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO STIMULATE ECONOMIC DEVELOPMENT IN MICHIGAN BY PROMOTING AND ASSISTING IN THE GROWTH AND DEVELOPMENT OF BUSINESSES BY HELPING BUSINESSES TO OBTAIN FINANCING.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0300000
IRS990/NetAssetsOrFundBalancesBOYAmt08979246
IRS990/NetAssetsOrFundBalancesEOYAmt09416335
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0179491
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0179491
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0349169
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt08979246
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt09416335
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt012319
IRS990/OccupancyGrp/ProgramServicesAmt0182759
IRS990/OccupancyGrp/TotalAmt0195078
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02962
IRS990/OfficeExpensesGrp/ProgramServicesAmt023963
IRS990/OfficeExpensesGrp/TotalAmt026925
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0242252
IRS990/OtherAssetsTotalGrp/EOYAmt0117470
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt046544
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0406211
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0452755
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc1CREDIT LOSS
IRS990/OtherExpensesGrp/Desc2LOAN EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01672
IRS990/OtherExpensesGrp/ProgramServicesAmt013535
IRS990/OtherExpensesGrp/ProgramServicesAmt114202
IRS990/OtherExpensesGrp/ProgramServicesAmt211838
IRS990/OtherExpensesGrp/TotalAmt015207
IRS990/OtherExpensesGrp/TotalAmt114202
IRS990/OtherExpensesGrp/TotalAmt211838
IRS990/OtherLiabilitiesGrp/BOYAmt0264466
IRS990/OtherLiabilitiesGrp/EOYAmt0147756
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0206859
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01948753
IRS990/OtherSalariesAndWagesGrp/TotalAmt02155612
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0910262
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01738167
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt020452
IRS990/PayrollTaxesGrp/ProgramServicesAmt0165472
IRS990/PayrollTaxesGrp/TotalAmt0185924
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05941
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05941
IRS990/PrincipalOfficerNm0MARK WILLIAMS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1518210
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0503/504 SERVICE FEE
IRS990/ProgramServiceRevenueGrp/Desc1PROCESSING FEES
IRS990/ProgramServiceRevenueGrp/Desc2504 ESCROW FLOAT INT.
IRS990/ProgramServiceRevenueGrp/Desc3PREMIUM ON SALE OF LOAN
IRS990/ProgramServiceRevenueGrp/Desc4COMMUNITY ADVANTAGE INTEREST
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02400433
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1965948
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2498001
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt358787
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt434245
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02400433
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1965948
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2498001
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt358787
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt434245
IRS990/ProgSrvcAccomActy2Grp/Desc0MONITORED REPAYMENTS FOR THE OUTSTANDING LOAN PORTFOLIO OF APPROXIMATELY 885 LOANS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0599583
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0208091
IRS990/PYOtherExpensesAmt0985616
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt03940582
IRS990/PYRevenuesLessExpensesAmt0113944
IRS990/PYSalariesCompEmpBnftPaidAmt03049113
IRS990/PYTotalExpensesAmt04034729
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04148673
IRS990/ReconcilationRevenueExpnssAmt087920
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03963748
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0892185
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0575322
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01241321
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0302919
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01544240
IRS990ScheduleD/EquipmentGrp/BookValueAmt03044
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0122556
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0125600
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt023748
IRS990ScheduleD/ExpensesSubtotalAmt04233930
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt023748
IRS990ScheduleD/InvestmentExpensesNotIncldAmt023748
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0349169
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01311
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02894
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04205
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05444
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt120297
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2122015
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MAY FUNDING
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OPERATING LEASE LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt0349169
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt023748
IRS990ScheduleD/RevenueSubtotalAmt04321850
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IN THE PREPARATION OF TAX RETURNS, TAX POSITIONS ARE TAKEN BASED ON INTERPRETATION OF FEDERAL, STATE AND LOCAL INCOME TAX LAWS. MANAGEMENT PERIODICALLY REVIEWS AND EVALUATES THE STATUS OF UNCERTAIN TAX POSITIONS AND MAKES ESTIMATES OF AMOUNTS, INCLUDING INTEREST AND PENALTIES, ULTIMATELY DUE OR OWED. NO AMOUNTS HAVE BEEN IDENTIFIED, OR RECORDED, AS UNCERTAIN TAX POSITIONS. FEDERAL, STATE AND LOCAL TAX RETURNS GENERALLY REMAIN OPEN FOR EXAMINATION BY THE VARIOUS TAXING AUTHORITIES FOR A PERIOD OF THREE TO FOUR YEARS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01245676
IRS990ScheduleD/TotalExpensesPerForm990Amt04257678
IRS990ScheduleD/TotalLiabilityAmt0147756
IRS990ScheduleD/TotalRevenuePerForm990Amt04345598
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04671019
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04233930
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X

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