Nonprofits›Michigan Community Capital

Community Improvement & Capacity Building

Michigan Community Capital

LANSING, MI

Website

Total revenue

$9.7M

Total expenses

$9.1M

Net assets

$15.2M

Grants received

$1.7M

5 grants

EIN

331068719

Tax year

2024

Mission

The mission of michigan community capital is to provide low-cost, flexible financial products coupled with advisory services to create and preserve affordable housing and invest in job-creating, community-driven economic development projects for the benefit of low-and moderate income residents and communities in michigan.

Programs

1 program

Facilitating and managing investments in affordable housing and other non-nmtc community development projects

Expenses: $7.4M

Financials

FY 2024

Revenue

Contributions & grants$1.8M
Program service revenue$6.5M
Investment income$864K
Other revenue$481K
Total revenue$9.7M

Expenses

Grants paid—
Salaries & benefits$2.5M
Fundraising—
Other expenses$6.7M
Total expenses$9.1M
Total assets$74.9M
Net assets$15.2M

People

20 listed

NameRoleCompensation

ERIC HANNA

PRESIDENT & CEO; DIRECTOR

Board

$266K

45 hrs/wk

ADRIANNE JENKINS

CFO / COO

Board

$208K

45 hrs/wk

MARILYN CHRUMKA

VP OF DEVELOPMENT

Board

$171K

45 hrs/wk

ELISABETH ALEXANDRIAN

VP OF LENDING

Board

$131K

45 hrs/wk

STACY ESBROOK

VP OF POLICY AND IMPACTS

Board

$123K

45 hrs/wk

ELISSA SANGALLI

DIRECTOR

Board

—

1 hrs/wk

MARCIA VENTURA

DIRECTOR

Board

—

1 hrs/wk

KARA WOOD

DIRECTOR

Board

—

1 hrs/wk

DOUG BARCY

DIRECTOR

Board

—

1 hrs/wk

JIM ANANICH

DIRECTOR

Board

—

1 hrs/wk

STEPHANIE OSTERLAND

DIRECTOR

Board

—

1 hrs/wk

BRAD HEFFNER

DIRECTOR

Board

—

1 hrs/wk

RICHARD HOSEY

SECRETARY

Board

—

1 hrs/wk

JAMIE SCHRINER

TREASURER

Board

—

1 hrs/wk

MARY KING

VICE CHAIRPERSON

Board

—

1 hrs/wk

KARL DORSHIMER

DIRECTOR

Board

—

1 hrs/wk

MARK MORANTE

CHAIRPERSON

Board

—

1 hrs/wk

MARK MCDANIEL

DIRECTOR

Board

—

1 hrs/wk

BRANDON MILLER

DIR. OF PROPERTY MAINTENANCE

Staff

$127K

40 hrs/wk

RHETT HUYVK

DIR. OF PROPERTY MANAGER

Staff

$122K

40 hrs/wk

Independent contractors

SB FRIEDMAN DEVELOPMENT ADVISORS LLC

CONSULTING SERVICES

$965K

MCSHANE BOWIE

LEGAL SERVICES

$210K

PLANTE MORAN

ACCOUNTING & CONSULTING SERVICES

$154K

Grants received

Showing 5 of 5

FromAmountPurposeYear
CHARLES STEWART MOTT FOUNDATION
$125K
To support the development of housing and other community development projects in Michigan cities, including Flint, with high populations of low- and moderate-income individuals.
2024
UPTOWN REINVESTMENT CORPORATION
$1.2M
TO PROMOTE ECONOMIC GROWTH, EMPLOYMENT AND DEVELOPMENT IN THE DOWNTOWN FLINT BUSINESS DISTRICT.
2023
GRAND HAVEN AREA COMMUNITY
$226K
PHILANTHROPY, VOLUNTEERISM AND GRANTMAKING FOUNDATIONS
2022
CHARLES STEWART MOTT FOUNDATION
$125K
To build the capacity of an organization in order to increase their ability to support housing development in underserved communities.
2020
NORTHWEST MICHIGAN COMMUNITY ACTION
$75K
PROGRAM SUPPORT OF LOW-INCOME COMMUNITY INVESTMENT.
2017

Funded by

$1.7M from 4 funders · 5 grants · 2017–2024

Uptown Reinvestment Corporation

$1.2M · 1 grant · 2023

Charles Stewart Mott Foundation

$250K · 2 grants · 2020–2024

Grand Haven Area Community

$226K · 1 grant · 2022

Details

EIN331068719
NTEE codeS30
Subsection03
Ruling date2004-09
Formed2003
Employees24
Volunteers0
MICHIGAN COMMUNITY CAPITAL — Mission, Financials & Grants Received | Grantivo