Michigan Certified Development Corp

Unknown organization based in East Lansing, MI. 23 employees. Exempt under §501(c)(4).

MissionTO STIMULATE ECONOMIC DEVELOPMENT IN MICHIGAN BY PROMOTING AND ASSISTING IN THE GROWTH AND DEVELOPMENT OF BUSINESSES BY HELPING BUSINESSES TO OBTAIN FINANCING.

EIN
38-2476532
State
MI
Sector
Unknown
Budget band
$2.5M–$5M
Latest filing
TY 2023
Records
6 officers · 5 years

Financial snapshot · TY 2023

$4.1M
Total revenue
$4.0M
Total expenses
$9.7M
Net assets

Financial health · TY 2023

80
Strong financial health
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
100
26.7 months of expenses
Program efficiency
89
85.7% spent on programs
Revenue diversity
19
Mix of program fees, grants & contributions

Leadership compensation

Mark Williams
PRESIDENT
$252,859
Eric J Kehler
VP OF 504 LENDING
$210,295
Scott Vroegindewey
SENIOR LOAN OFFICER
$204,054
Steven Pricco
DIRECTOR OF 7A LENDING
$168,143
John Johnson
SR. LOAN OFFICER
$162,518

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Michigan Certified Development Corp Executive Compensation | 990 Data | DoubleNine