NonprofitsMichigan Certified Development Corporation

Michigan Certified Development Corporation

EAST LANSING, MI

Total revenue

$4.1M

Total expenses

$4.0M

Net assets

$9.0M

Grants received

EIN

382476532

Tax year

2023

Mission

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

Programs

1 program

Monitored repayments for the outstanding loan portfolio of approximately 891 loans.

Expenses: $553K

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue$3.9M
Investment income$208K
Other revenue
Total revenue$4.1M

Expenses

Grants paid
Salaries & benefits$3.0M
Fundraising
Other expenses$986K
Total expenses$4.0M
Total assets$9.7M
Net assets$9.0M

People

17 listed

NameRoleCompensation

MARK WILLIAMS

PRESIDENT

Board

$225K

40 hrs/wk

JASON BARNETT

CHAIR

Board

$9K

5 hrs/wk

JAMES FAY

TREASURER/SECRETARY

Board

$7K

5 hrs/wk

GREGORY NICHOLAS

DIRECTOR

Board

$6K

2 hrs/wk

TOM JOHNSON

DIRECTOR

Board

$6K

2 hrs/wk

DEBRA GAGLIARDI

VICE CHAIR

Board

$6K

5 hrs/wk

ANTHONY REED

DIRECTOR

Board

$6K

2 hrs/wk

MARK MORANTE

DIRECTOR

Board

$6K

2 hrs/wk

JOHN A JANICK

DIRECTOR

Board

$5K

2 hrs/wk

JANET MCCLELLAND

DIRECTOR

Board

$5K

2 hrs/wk

JOSEPH CALVARUSO

DIRECTOR

Board

$5K

2 hrs/wk

CALVIN C CUPIDORE JR

DIRECTOR

Board

$4K

2 hrs/wk

SCOTT VROEGINDEWEY

SENIOR LOAN OFFICER

Staff

$177K

40 hrs/wk

ERIC J KEHLER

VP OF 504 LENDING

Staff

$173K

40 hrs/wk

STEVEN PRICCO

DIRECTOR OF 7A LENDING

Staff

$137K

40 hrs/wk

JOHN JOHNSON

SR. LOAN OFFICER

Staff

$135K

40 hrs/wk

MARNIE SPITZLEY

VP OF OPERATIONS

Staff

$130K

40 hrs/wk

Details

EIN382476532
Subsection04
Ruling date1984-03
Formed1982
Employees23
Volunteers0
MICHIGAN CERTIFIED DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo