Nonprofit · EIN 38-2476532
MICHIGAN CERTIFIED DEVELOPMENT CORPORATION
Tax-exempt · EAST LANSING, MI 48823
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $4,345,598 | $4,257,678 | $87,920 | $10,188,009 | $771,674 | $9,416,335 |
| September 30, 2024 | 990 | $4,148,673 | $4,034,729 | $113,944 | $9,654,851 | $675,605 | $8,979,246 |
| September 30, 2023 | 990 | $3,683,434 | $3,910,841 | -$227,407 | $8,735,406 | $768,171 | $7,967,235 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $3,963,748
- Investment income
- $381,850
- Net gain from sales of assets
- $179,491
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $372,417
- Other salaries and wages
- $2,155,612
- Salaries, compensation and benefits (total)
- $3,166,708
- Professional fundraising fees
- $0
- Legal fees
- $3,949
- Accounting fees
- $23,850
- Occupancy
- $195,078
- Travel
- $127,584
- Depreciation
- $45,117
- Program services (functional)
- $3,747,393
- Management and general (functional)
- $510,285
Balance sheet and other
- Total assets, start of year
- $9,654,851
- Total assets, end of year
- $10,188,009
- Total liabilities, end of year
- $771,674
- Net assets, end of year
- $9,416,335
- Land, buildings and equipment
- $1,245,676
- Publicly traded securities
- $6,176,274
- Net assets without donor restrictions
- $9,416,335
- Gross receipts
- $5,934,596
- Employees
- 25
- Volunteers
- 0
- Year formed
- 1982
- State of legal domicile
- MI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARK WILLIAMS | PRESIDENT Officer | 40 | $247,921 | $36,213 |
| SCOTT VROEGINDEWEY | SENIOR LOAN OFFICER Highest-paid employee | 40 | $181,233 | $35,590 |
| ERIC J KEHLER | VP OF 504 LENDING Highest-paid employee | 40 | $156,349 | $44,328 |
| JOHN JOHNSON | SENIOR LOAN OFFICER Highest-paid employee | 40 | $151,461 | $38,927 |
| STEVEN PRICCO | DIRECTOR OF 7A LENDING Highest-paid employee | 40 | $136,554 | $42,631 |
| MARNIE SPITZLEY | VP OF OPERATIONS Highest-paid employee | 40 | $136,210 | $29,570 |
| JASON BARNETT | DIRECTOR Trustee or director | 5 | $9,640 | $0 |
| DEBRA GAGLIARDI | CHAIR Trustee or director, Officer | 5 | $6,800 | $0 |
| JAMES FAY | TREASURER/SECRETARY Trustee or director, Officer | 5 | $6,620 | $0 |
| ANTHONY REED | DIRECTOR Trustee or director | 2 | $6,460 | $0 |
| MARK MORANTE | VICE CHAIR Trustee or director, Officer | 2 | $6,280 | $0 |
| GREGORY NICHOLAS | DIRECTOR Trustee or director | 2 | $6,120 | $0 |
| JANET MCCLELLAND | DIRECTOR Trustee or director | 2 | $5,600 | $0 |
| JOHN A JANICK | DIRECTOR Trustee or director | 2 | $5,100 | $0 |
| JOSEPH CALVARUSO | DIRECTOR Trustee or director | 2 | $4,760 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TOM JOHNSON | DIRECTOR Trustee or director | 2 | $4,420 |
| CALVIN C CUPIDORE JR | DIRECTOR Trustee or director | 2 | $4,420 |
990 for the year ended September 30, 2024: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARK WILLIAMS | PRESIDENT Officer | 40 | $225,351 | $27,508 |
| ERIC J KEHLER | VP OF 504 LENDING Highest-paid employee | 40 | $173,417 | $36,878 |
| SCOTT VROEGINDEWEY | SENIOR LOAN OFFICER Highest-paid employee | 40 | $176,775 | $27,279 |
| STEVEN PRICCO | DIRECTOR OF 7A LENDING Highest-paid employee | 40 | $136,668 | $31,475 |
| JOHN JOHNSON | SR. LOAN OFFICER Highest-paid employee | 40 | $134,724 | $27,794 |
| MARNIE SPITZLEY | VP OF OPERATIONS Highest-paid employee | 40 | $130,305 | $23,513 |
| JASON BARNETT | CHAIR Trustee or director, Officer | 5 | $9,140 | $0 |
| JAMES FAY | TREASURER/SECRETARY Trustee or director, Officer | 5 | $6,620 | $0 |
| GREGORY NICHOLAS | DIRECTOR Trustee or director | 2 | $6,120 | $0 |
| TOM JOHNSON | DIRECTOR Trustee or director | 2 | $5,920 | $0 |
| ANTHONY REED | DIRECTOR Trustee or director | 2 | $5,780 | $0 |
| DEBRA GAGLIARDI | VICE CHAIR Trustee or director, Officer | 5 | $5,780 | $0 |
| MARK MORANTE | DIRECTOR Trustee or director | 2 | $5,600 | $0 |
| JOHN A JANICK | DIRECTOR Trustee or director | 2 | $5,100 | $0 |
| JANET MCCLELLAND | DIRECTOR Trustee or director | 2 | $4,920 | $0 |
| JOSEPH CALVARUSO | DIRECTOR Trustee or director | 2 | $4,760 | $0 |
| CALVIN C CUPIDORE JR | DIRECTOR Trustee or director | 2 | $4,420 | $0 |
990 for the year ended September 30, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARK WILLIAMS | PRESIDENT Officer | 40 | $220,026 | $18,358 |
| ERIC J KEHLER | V.P. 504 LENDING Highest-paid employee | 40 | $189,633 | $24,079 |
| SCOTT VROEGINDEWEY | SENIOR LOAN OFFICER Highest-paid employee | 40 | $182,031 | $26,103 |
| STEVEN PRICCO | DIRECTOR OF 7A LENDING Highest-paid employee | 40 | $149,603 | $26,285 |
| JOHN JOHNSON | SR. LOAN OFFICER Highest-paid employee | 40 | $133,779 | $26,189 |
| MARNIE SPITZLEY | VP- OPERATIONS Highest-paid employee | 40 | $120,842 | $14,528 |
| JASON BARNETT | CHAIR Trustee or director, Officer | 5 | $8,452 | $0 |
| GREGORY NICHOLAS | DIRECTOR Trustee or director | 2 | $8,028 | $0 |
| JAMES FAY | TREASURER/SECRETARY Trustee or director, Officer | 5 | $7,300 | $0 |
| MARK MORANTE | DIRECTOR Trustee or director | 2 | $6,960 | $0 |
| JOHN A JANICK | DIRECTOR Trustee or director | 2 | $6,800 | $0 |
| ANTHONY REED | DIRECTOR Trustee or director | 2 | $6,800 | $0 |
| TOM JOHNSON | DIRECTOR Trustee or director | 2 | $6,780 | $0 |
| CALVIN C CUPIDORE JR | DIRECTOR Trustee or director | 2 | $5,780 | $0 |
| JOSEPH CALVARUSO | DIRECTOR Trustee or director | 2 | $5,440 | $0 |
| JANET MCCLELLAND | DIRECTOR Trustee or director | 2 | $5,260 | $0 |
| DEBRA GAGLIARDI | VICE CHAIR Trustee or director, Officer | 5 | $4,420 | $0 |
Address and contacts
- Address (IRS master file)
- 3737 COOLIDGE ROAD 2, EAST LANSING, MI 48823-8019
- In care of
- % DAVE KRAMER
- Principal officer (990 for 2024)
- MARK WILLIAMS, 3737 COOLIDGE RD 2ND FLOOR, EAST LANSING, MI 48823
- Signed the 990
- MARK WILLIAMS, PRESIDENT
- Phone
- (517) 886-6612
- Website
- WWW.MICHIGANCDC.ORG
- Return prepared by
- MANER COSTERISAN PC
Mission
TO STIMULATE ECONOMIC DEVELOPMENT IN MICHIGAN BY PROMOTING AND ASSISTING IN THE GROWTH AND DEVELOPMENT OF BUSINESSES BY HELPING BUSINESSES TO OBTAIN FINANCING.
Program accomplishments
- ASSISTED 67 SMALL BUSINESSES WITH OBTAINING FINANCING THROUGH THE SBA 504 PROGRAM THEREBY BENEFITING THE MICHIGAN ECONOMY BY THE CREATION AND/OR RETENTION OF 1,829 JOBS. ASSISTED 46 SMALL BUSINESSES WITH OBTAINING FINANCING THROUGH THE SBA 7(A) LOAN PROGRAM THEREBY BENEFITING THE MICHIGAN ECONOMY BY THE CREATION AND/OR RETENTION OF 717 JOBS. ASSISTED 8 SMALL BUSINESSES WITH OBTAINING FINANCING THROUGH THE SBA 7(A) COMMUNITY ADVANTAGE PROGRAM TOTALING $2,509,000.Expenses $3,147,810 · revenue $3,963,748
- MONITORED REPAYMENTS FOR THE OUTSTANDING LOAN PORTFOLIO OF APPROXIMATELY 885 LOANS.Expenses $599,583
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 38-2476532
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1984
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $10,188,009
- Income (IRS master file)
- $5,934,596
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $4,345,598 | $4,257,678 | $10,188,009 | XML |
| 990 | September 2024 | $4,148,673 | $4,034,729 | $9,654,851 | XML |
| 990 | September 2023 | $3,683,434 | $3,910,841 | $8,735,406 | XML |
| 990 | September 2022 | $3,345,463 | $3,721,907 | $8,289,445 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 38-2476532).
Questions about MICHIGAN CERTIFIED DEVELOPMENT CORPORATION
- What is the EIN of MICHIGAN CERTIFIED DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of MICHIGAN CERTIFIED DEVELOPMENT CORPORATION is 38-2476532.
- Is MICHIGAN CERTIFIED DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1984.
- Are donations to MICHIGAN CERTIFIED DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MICHIGAN CERTIFIED DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MICHIGAN CERTIFIED DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MICHIGAN CERTIFIED DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of MICHIGAN CERTIFIED DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 names MARK WILLIAMS.
- Who are the officers and directors of MICHIGAN CERTIFIED DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 lists 17 people; 17 received compensation from the organization, the highest $247,921 (MARK WILLIAMS, PRESIDENT).
- How much revenue does MICHIGAN CERTIFIED DEVELOPMENT CORPORATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $4,345,598, expenses of $4,257,678 and total assets of $10,188,009 at year end.
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