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EIN 33-1068719

Michigan Community Capital

IRS 501(c) type
501(c)(3)
Num. employees
3
City
Lansing
State
Michigan
Year formed
2003
Most recent tax filings
2019-12
NTEE code, primary
S31: Urban, Community Economic Development
Description
The mission of Michigan magnet fund is to facilitate new markets tax credit investments in the state of Michigan. These investments will spur job creation and economic growth in low income communities across the state. The mission of Michigan magnet f...
Also known as...
Michigan Magnet Fund

Program areas at Michigan Community Capital

Facilitating and managing all nmtc investments
Providing support and advisory services to other Community development organizations
Facilitating and managing investments in affordable housing and other non-nmtc Community development projects

Form 990s for Michigan Community Capital

Fiscal year endingDate received by IRSFormPDF link
2019-122021-02-24990View PDF
2018-122020-01-31990View PDF
2017-122018-10-26990View PDF
2016-122017-10-18990View PDF
2015-122016-11-01990View PDF
...and 6 more Form 990s

Financials for Michigan Community Capital

RevenuesFYE 12/2019
Total grants, contributions, etc.$2,281,980
Program services$724,188
Investment income and dividends$215,385
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$724
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$-249,684
Total revenues$2,972,593

Personnel at Michigan Community Capital

NameTitleCompensation
Eric HannaPresident$186,595
Marilyn CrowleyInvestment Director
Liz AlexandrianCompliance Director
 Subscribe to viewVice Chair$0
 Subscribe to viewSecretary$0
...and 1 more key personnel

Organizations like Michigan Community Capital

OrganizationLocationRevenue
Utah Center for Neighborhood StabilizationMidvale, UT$2,405,562
Orlando Neighborhood Improvement Corporation (ONIC)Orlando, FL$9,206,728
Impact SevenRice Lake, WI$13,249,001
Mosholu Preservation Corporation (MPC)Bronx, NY$2,302,008
Codman Square Neighborhood Development CorporationDorchester, MA$6,611,385
The national Development councilNew York, NY$11,217,565
Community First FundLancaster, PA$8,713,110
Metro Community DevelopmentFlint, MI$4,384,785
Cincinnati Development Fund (CDF)Cincinnati, OH$6,584,866
Northern California Community Loan FundSan Francisco, CA$12,416,145
Dundalk Renaissance CorporationBaltimore, MD$1,062,171
Cobbs Creek Housing ServicesBoothwyn, PA$1,596,602
Rural Nevada Development CorporationEly, NV$1,945,116
Community Capital FundBridgeport, CT$787,890
Rock Island Economic Growth CorporationRock Island, IL$2,817,955
Covenant Community Capital CorporationHouston, TX$4,717,262
Newwest Community CapitalBoise, ID$3,148,384
East Side Neighborhood Development CompanySaint Paul, MN$1,198,414
Cinnaire Lending CorporationLansing, MI$7,989,288
Neighborworks Salt LakeSalt Lake City, UT$2,497,025
Kingdom Community Development CorporationSpring Lake, NC$911,299
Local Enterprise Assistance Fund (LEAF)Boston, MA$1,537,637
MLK Avenue Redevelopment CorporationMobile, AL$830,578
The Allegheny West FoundationPhiladelphia, PA$1,201,454
Opportunity Resource FundLansing, MI$1,974,779
Nonprofit Types
Business and community development organizationsHousing and shelter organizationsHeadquarter / parent organizationsCharities
Issues
Human servicesCommunity improvementHousingEconomic development
Characteristics
State / local levelReceives government fundingTax deductible donations
Key performance indicators
Total revenues
$2,972,593
2019
Yearly growth
22%
% of revenues
n/a
Total expenses
$1,316,668
2019
Yearly growth
-47.8%
% of expenses
n/a
Total assets
$35,225,084
2019
Yearly growth
119.6%
% of assets
n/a
Num. employees
3
2019
Yearly growth
200%
% of total
n/a
General information
Address
507 South Grand Avenue
Lansing, MI 48933
Metro area
Lansing-East Lansing, MI
Website URL
michigancommunitycapital.org/ 
Phone
(517) 626-1861
IRS details
EIN
33-1068719
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2003
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
62422: Community Housing Services
Parent/child status
Central organization
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