Public 990 Summary
EIN 854188860 · Latest tax year 2024 · Usable public filing summary
LANSING, MI · Community Improvement and Capacity Building · michigancommunitycapital.org
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MAGNET LENDING CORPORATION has a public Form 990 profile, but an AlignMint donation portal is not live yet. Review the public filing signals and share the claim link with the nonprofit if the profile should be activated.
Program ratio
Not enough public dataFundraising ratio
0%Admin ratio
Not enough public dataProgram ratio estimates the share of reported expenses used for programs. Fundraising ratio estimates fundraising expense share. Admin ratio estimates management and general expense share when the public fields reconcile.
Ratios use reported functional expenses when available and are only derived when the public fields reconcile with total expenses.
Recent prepared public snapshots appear here as the directory rollup processes more 990 filings. Use the ProPublica link for the full public filing archive when a prior year is not shown yet.
Revenue: $1,930,996
Expenses: $414,575
Program ratio: Not reported
Latest public tax year: 2024. Ask for newer financials if the organization has not filed a recent 990 yet.
Compare the mission narrative with the program-service rows and the nonprofit's current website.
Program ratio: Not enough public data. Fundraising ratio: 0%. Admin ratio: Not enough public data.
This profile is public research only until the nonprofit claims it and connects payment integrations.
MAGNET LENDING CORPORATION IS A MICHIGAN NONPROFIT FORMED TO PROMOTE COMMUNITY AND ECONOMIC DEVELOPMENT, THE CREATION OF WEALTH AND JOB OPPORTUNITIES, AND TO FACILITATE INVESTMENT OF PRIVATE AND PUBLIC CAPITAL IN THE FORM OF LOW-COST, FLEXIBLE FINANCIAL PRODUCTS, COUPLED WITH DEVELOPMENT SERVICES. MLC'S FINANCIAL PRODUCTS AND DEVELOPMENT SERVICES ARE DESIGNED TO CREATE AND PRESERVE AFFORDABLE AND ATTAINABLE HOUSING, INVEST IN JOB-CREATING COMMUNITY-DRIVEN ECONOMIC DEVELOPMENT PROJECTS, AND PROMOTE THE ECONOMIC MOBILITY OF LOW- AND MODERATE INCOME RESIDENTS AND COMMUNITIES IN THE STATE OF MICHIGAN.
Public Form 990 officer rows; not a staff or contact directory.
PRESIDENT & CEO; DIRECTOR
2 hours/week · Reportable compensation: $0
CHAIRPERSON
1 hours/week · Reportable compensation: $0
VICE CHAIRPERSON
1 hours/week · Reportable compensation: $0
TREASURER
1 hours/week · Reportable compensation: $0
SECRETARY
1 hours/week · Reportable compensation: $0
DIRECTOR
1 hours/week · Reportable compensation: $0
Tax year 2024 · Source 202503089349301435 · Parser opportunity-intelligence-financials-v1
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