2024-03-14T08:41:24-04:00 2023-09-30 382563599 H&S COMPANIES PC 103 S CHESTNUT ST REED CITY MI 49677 990 2022-10-01 382467385 GREAT LAKES COMMERCIAL FINANCE GREA 6164594825 3980 CHICAGO DR SW SUITE 220 GRANDVILLE MI 49418 JULIE PARKER PRESIDENT 6164594825 2024-03-01 true JULIE PARKER XXX-XX-XXXX true CORINNA HERVEY P01478150 2318322799 2024-03-01 2022 2023-04-26 12:10:37Z JULIE PARKER 3980 CHICAGO DR SW SUITE 220 GRANDVILLE MI 49418 2071600 false X GLCF.ORG X STIMULATION OF ECONOMIC DEVELOPMENT THROUGHOUT THE STATE OF MICHIGAN BY PROMOTING AND ASSISTING GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS. 11 11 13 0 0 1928087 1736106 -181641 286259 49235 1746446 2071600 0 0 1433849 1226345 0 0 447853 406333 1881702 1632678 -135256 438922 3934233 4330695 351629 252872 3582604 4077823 X STIMULATION OF ECONOMIC DEVELOPMENT THROUGHOUT THE STATE OF MICHIGAN BY PROMOTING AND ASSISTING GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS BY OFFERING FIXED ASSET FINANCING THROUGH THE SMALL BUSINESS ADMINISTRATION'S 504 LOAN PROGRAM. false false 1452973 GREAT LAKES COMMERICAL FINANCE PROVIDED FUNDING FOR 43 SBA LOANS IN FISCAL YEAR 9/30/2023 TOTALING 25,754,296 IN LOAN DOLLARS. 1452973 false false false false false false false false false true false false false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false true 0 0 false 13 true false false false false false false false false X 11 11 false false false false true true true true true false false false true true true true true true true false X X JULIE PARKER 6164594825 3980 CHICAGO DR SW SUITE 220 GRANDVILLE MI 49418 JULIE PARKER PRESIDENT 40.00 X 195664 0 0 DAN DEBAAR VICE CHAIRMA 1.00 X X 0 0 0 DAVE DUPON CHAIRMAN 1.00 X X 0 0 0 ROB LLANES TRUSTEE 1.00 X 0 0 0 AMANDA MURRAY TRUSTEE 1.00 X 0 0 0 CRAIG OOSTERHOUSE TRUSTEE 1.00 X 0 0 0 CERISE SEMRINEC TRUSTEE 1.00 X 0 0 0 STACEY STEPHENS TRUSTEE 1.00 X 0 0 0 WENDY TIMMINS TRUSTEE 1.00 X 0 0 0 MIKE VANOMMEN TRUSTEE 1.00 X 0 0 0 STEVE WILSON SECRETARY 1.00 X X 0 0 0 KARA WOOD TREASURER 1.00 X X 0 0 0 195664 1 false true false SERVICING FEES 998252 998252 ORIGINATION FEES 495284 495284 FLOAT INCOME 242570 242570 1736106 286259 204760 81499 OTHER REVENUE 49235 49235 49235 2071600 1990101 81499 194101 160318 33783 848638 822971 25667 46907 44233 2674 56231 53025 3206 80468 75880 4588 140 140 19500 19500 31857 31857 72758 68609 4149 12691 12691 29180 29180 27996 27996 21305 21305 DUES & MEMBERSHIPS 44053 44053 OFFICE EXPENSE 40712 38390 2322 OTHER 28613 26982 1631 ECONOMIC DEVELOPMENT 23000 23000 54528 53641 887 1632678 1452973 179705 0 3721637 3952122 84302 211696 15825 22260 174113 102436 93503 71677 17132 10962 1834 61978 3934233 4330695 86081 53310 102185 28710 163363 170852 351629 252872 X 3582604 4077823 3582604 4077823 3934233 4330695 X 438922 56297 X false true X true 174113 102436 71677 71677 DEPOSITS 109245 LEASE LIABILITY 61607 170852 2071600 2071600 2071600 1632678 1632678 1632678 SCHEDULE D, PAGE 4, PART XI, LINE 2D LOSS ON DISPOSAL OF ASSETS 0 SCHEDULE D, PAGE 4, PART XII, LINE 2D LOSS ON DISPOSAL OF ASSETS 0 false false false false false false false false false JULIE PARKER PRESIDENT 195664 195664 FORM 990 - ORGANIZATION'S MISSION STIMULATION OF ECONOMIC DEVELOPMENT THROUGHOUT THE STATE OF MICHIGAN BY PROMOTING AND ASSISTING GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS BY OFFERING FIXED ASSET FINANCING THROUGH THE SMALL BUSINESS ADMINISTRATION'S 504 LOAN PROGRAM. FORM 990, PAGE 6, PART VI, LINE 6 MEMBERS FORM 990, PAGE 6, PART VI, LINE 7A MEMBERS ELECT BOARD OF DIRECTORS FORM 990, PAGE 6, PART VI, LINE 7B YES, ANNUAL BUDGET FORM 990, PAGE 6, PART VI, LINE 11B A COPY OF THE 990 IS PROVIDED TO THE BOARD FOR THEIR REVIEW AND APPROVAL BEFORE THE RETURN IS FILED WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C GREAT LAKES COMMERCIAL FINANCE ENCOURAGES ALL DIRECTORS, OFFICERS, AND EMPLOYEES TO REPORT AND TO ASSIST IN ANY INVESTIGATION BY ANY LAW ENFORCEMENT OR REGULATORY AGENCY OR OTHER PERSONS LEGALLY AUTHORIZED FOR SUCH MATTER IN THE FOLLOWING: 1) ILLEGAL OR FRAUDULENT ACTIVITY AND 2) QUESTIONABLE ACCOUNTING, INTERNAL CONTROLS AND AUDITING MATTERS. FORM 990, PAGE 6, PART VI, LINE 15A THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS INCLUDED IN THE BUDGET WHICH IS APPROVED BY THE BOARD OF DIRECTORS. ALSO, THE NATIONAL ASSOCIATION OF DEVELOPMENT COMPANIES (NADCO) RELEASES A BIANNUAL SURVEY THAT INCLUDES THE YEARLY COMPENSATION OF EXECUTIVE DIRECTORS AND OTHER OFFICERS AND KEY EMPLOYEES. THE BOARD USES THE RESULTS OF THE SURVEY TO HELP DETERMINE COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 15B THE NATIONAL ASSOCIATION OF DEVELOPMENT COMPANIES (NADCO) RELEASES A BIANNUAL SURVEY THAT INCLUDES THE YEARLY COMPENSATION OF EXECUTIVE DIRECTORS AND OTHER OFFICERS AND KEY EMPLOYEES. THE BOARD USES THE RESULTS OF THE SURVEY TO HELP DETERMINE COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 19 A COPY OF THE FORM 990 IS MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART XI, LINE 9 LOSS ON DISPOSAL OF ASSETS 0 LOSS ON DISPOSAL OF ASSETS 0