Overview
What is Michigan Certified Development Corp?
Michigan Certified Development Corp is a nonprofit organization situated in East Lansing, Michigan. Their primary mission is to stimulate economic development within the state by promoting and aiding in the growth and development of businesses. They accomplish this by assisting businesses in obtaining financing, benefiting the Michigan economy by creating and retaining a combined total of 4,236 jobs through two different programs: the SBA 504 Program and the SBA 7(A) Loan Program. The SBA 504 Program alone helped 109 small businesses, while the SBA 7(A) Loan Program assisted 46 small businesses. With a workforce of 22 employees, Michigan Certified Development Corp plays a significant role in supporting Michigan's small businesses and driving economic growth in the region.
Official website here: www.michigancdc.org
Is Michigan Certified Development Corp legitimate?
Michigan Certified Development Corp is a legitimate nonprofit organization registered as a 501(c)(4) entity. Michigan Certified Development Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $295,810
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,004,597
For more financial information, click here
Official website here: www.michigancdc.org
What is the mission statement of Michigan Certified Development Corp?
Michigan Certified Development Corp's mission is centered around stimulating economic growth in the state. They achieve this by promoting and aiding in the expansion of businesses. A significant part of their strategy involves assisting businesses in securing financing, which in turn contributes to the creation or retention of jobs. The corporation has successfully helped 109 small businesses acquire financing through the SBA 504 Program, leading to the generation of 3,226 jobs. Similarly, they have assisted 46 small businesses with financing through the SBA 7(A) Loan Program, resulting in the creation or retention of 1,010 jobs. In essence, Michigan Certified Development Corp plays a crucial role in bolstering the economic landscape of the state by facilitating business growth and job creation.
Official website here: www.michigancdc.org
Who is the CEO of Michigan Certified Development Corp?
Mark Williams is the Director of Michigan Certified Development Corp.
Official website here: www.michigancdc.org
What is the revenue of Michigan Certified Development Corp?
Michigan Certified Development Corp's revenue in 2022 was $3,345,463.
Official website here: www.michigancdc.org
Who are the executives of Michigan Certified Development Corp and what are their salaries?
The average compensation at Michigan Certified Development Corp during 2022 was $104,564. There are 22 employees at Michigan Certified Development Corp.
Here are 17 key members and their salaries:
- Compensation: $4,080
- Related: $0
- Other: $0
- Compensation: $3,650
- Related: $0
- Other: $0
- Compensation: $2,380
- Related: $0
- Other: $0
- Compensation: $2,720
- Related: $0
- Other: $0
- Compensation: $2,970
- Related: $0
- Other: $0
- Compensation: $3,740
- Related: $0
- Other: $0
- Compensation: $4,670
- Related: $0
- Other: $0
- Compensation: $3,400
- Related: $0
- Other: $0
- Compensation: $5,100
- Related: $0
- Other: $0
- Compensation: $4,400
- Related: $0
- Other: $0
- Compensation: $5,010
- Related: $0
- Other: $0
- Compensation: $200,082
- Related: $0
- Other: $16,526
- Compensation: $157,966
- Related: $0
- Other: $5,549
- Compensation: $151,558
- Related: $0
- Other: $7,524
- Compensation: $113,757
- Related: $0
- Other: $22,867
- Compensation: $149,015
- Related: $0
- Other: $23,754
- Compensation: $136,532
- Related: $0
- Other: $23,917
Official website here: www.michigancdc.org
Where can I find the form 990 for Michigan Certified Development Corp?
Michigan Certified Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.michigancdc.org
Learn more at the official website: www.michigancdc.org
Mission Statement of Michigan Certified Development Corp
Michigan Certified Development Corp, as a crucial entity, is committed to stimulating economic development in Michigan. This is achieved by promoting and aiding in the growth and development of businesses within the state. The organization takes a proactive approach in assisting businesses to secure financing, thereby contributing significantly to the Michigan economy. By facilitating the creation and retention of jobs, Michigan Certified Development Corp plays a pivotal role in fostering an environment conducive to economic prosperity. Specifically, the corporation has assisted 109 small businesses in obtaining financing through the SBA 504 program, resulting in the creation or retention of 3,226 jobs. Furthermore, Michigan Certified Development Corp has assisted 46 small businesses in securing financing through the SBA 7(A) loan program, leading to the creation or retention of an additional 1,010 jobs. This innovative approach to economic development has made a substantial impact on the Michigan economy.
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Impact
October, 2024
Michigan Certified Development Corporation plays a pivotal role in stimulating economic development across Michigan by facilitating financing for small businesses. Through its efforts, it has successfully assisted 109 small businesses in securing financing via the SBA 504 program, which has led to the creation and retention of 3,226 jobs. Additionally, it has supported 46 small businesses with the SBA 7(a) loan program, resulting in the creation and retention of 1,010 jobs. This significant impact underscores its commitment to promoting and assisting the growth and development of businesses, thereby bolstering the overall economy of the state.
This information is meant to be a general summary of Michigan Certified Development Corp. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$118,739
- Program Service Revenue: $3,510,270
- Gross Receipts: $7,567,927
Assets and Liabilities:
- Total Assets: $8,289,445
- Total Liabilities: $426,011
- Net Assets: $7,863,434
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
503/504 SERVICE FEE
Revenue
$2,057,797
PROCESSING FEES
Revenue
$1,282,974
504 ESCROW FLOAT INT.
Revenue
$167,727
LATE FEE INCOME
Revenue
$1,747
MISCELLANEOUS
Revenue
$25
Organization Details
Founding Year
1982
Phone
(517) 886-6612Principal Officer
Mark Williams
Main Address
3737 COOLIDGE RD 2ND FLOOR, EAST LANSING, MI, 48823
Website
www.michigancdc.orgNTEE Category
Code: S43 - Community improvement
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