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EIN 33-1068719

Michigan Community Capital

IRS 501(c) type
501(c)(3)
Num. employees
27
City
Lansing
State
Michigan
Year formed
2003
Most recent tax filings
2022-12-01
NTEE code, primary
S30: Economic Development
Description
Michigan Community Capital facilitates and manages investments in affordable housing and other non-nmtc community development projects, with a mission 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-income communities across the state. Additionally, they offer programs that include providing support and advisory services to other community development organizations.
Also known as...
Michigan Magnet Fund
Total revenues
$4,447,895
2022
Total expenses
$6,040,435
2022
Total assets
$77,994,723
2022
Num. employees
27
2022

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

Who funds Michigan Community Capital

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Grand Haven Area Community FoundationPhilanthropy, Volunteerism and Grantmaking Foundations$225,500

Personnel at Michigan Community Capital

NameTitleCompensation
Adrianne JenkinsChief Financial Officer and Chief Operating Officer$184,864
Marilyn ChrumkaVice President of Development$152,211
Eric HannaPresident and Ceo; Director$225,426
Brandon MillerDirector of Property Maintenance$104,745
Marilyn CrowleyPast Vice President of Development / Investment Director$130,815
...and 6 more key personnel

Financials for Michigan Community Capital

RevenuesFYE 12/2022
Total grants, contributions, etc.$1,440,795
Program services$3,944,254
Investment income and dividends$197,957
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-1,210,702
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$75,591
Total revenues$4,447,895

Form 990s for Michigan Community Capital

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-13990View PDF
2021-122022-11-07990View PDF
2020-122021-11-15990View PDF
2019-122021-02-24990View PDF
2018-122020-01-31990View PDF
...and 9 more Form 990s

Organizations like Michigan Community Capital

OrganizationLocationRevenue
Seattle Economic Development Fund Business Impact NWTukwila, WA$9,619,486
Credit Builders AllianceWashington, DC$5,600,497
Dakota ResourcesRenner, SD$2,438,799
California Coastal Rural Development CorporationSalinas, CA$5,534,051
Sabre FinanceBirmingham, AL$1,767,213
Rural Missouri IncorporatedJefferson City, MO$2,995,423
Initiative FoundationLittle Falls, MN$18,836,412
Grow South Dakota / Northeast South Dakota Economic CorporationSisseton, SD$2,763,514
Community Loan Fund of the Capital RegionAlbany, NY$2,396,345
Anchor Financial ServicesPerrysburg, OH$2,398,385
Data update history
January 3, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 2, 2024
Updated personnel
Identified 2 new personnel
December 25, 2023
Used new vendors
Identified 3 new vendors, including , , and
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
October 25, 2023
Received grants
Identified 1 new grant, including a grant for $225,500 from Grand Haven Area Community Foundation
Nonprofit Types
Business and community development organizationsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government fundingTax deductible donations
General information
Address
502 E Cesar E Chavez Ave Suite A
Lansing, MI 48906
Metro area
Lansing-East Lansing, MI
Website URL
michigancommunitycapital.org/ 
Phone
(517) 334-0545
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
S30: Economic Development
NAICS code, primary
522120: Savings Institutions
Parent/child status
Central organization
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