2025-03-14T09:45:54-05:00 2024-09-30 382939866 KAPTEIN DYKSTRA & COMPANY PC PO BOX 934 GRANDVILLE MI 494680934 990 2023-10-01 382467385 GREAT LAKES COMMERCIAL FINANCE GREA 6164594825 3980 CHICAGO DR SW SUITE 220 GRANDVILLE MI 49418 JULIE PARKER PRESIDENT 6163231276 2025-03-14 1 1 JOEL R HOLSTEGE CPA P00054481 6165308712 2023 2025-03-06 01:10:19Z JULIE PARKER 3980 CHICAGO DRIVE SW GRANDVILLE MI 49418 2481008 0 X WWW.GLCF.ORG X 1980 MI 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. 8 8 15 0 0 0 0 0 1736106 1984986 286259 451877 49235 44145 2071600 2481008 0 0 0 0 1226345 1301783 0 0 0 406333 414441 1632678 1716224 438922 764784 4330695 5065288 252872 222681 4077823 4842607 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. 0 0 1526961 GREAT LAKES COMMERCIAL FINANCE PROVIDED FUNDING FOR 35 SBA LOANS IN FISCAL YEAR 9/30/2024 TOTALING 37,521,826 IN LOAN DOLLARS. 1526961 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 15 1 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 MI X X JULIE PARKER 6164594825 3980 CHICAGO DR SW SUITE 220 GRANDVILLE MI 49418 DAVE DUPON CHAIRMAN 1.00 X X 0 0 0 CRAIG OOSTERHOUSE VICE CHAIRMAN 1.00 X X 0 0 0 STACEY STEPHENS SECRETARY 1.00 X X 0 0 0 KARA WOOD TREASURER 1.00 X X 0 0 0 AMANDA MURRAY TRUSTEE 1.00 X 0 0 0 ROB ROBBINS 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 JULIE PARKER PRESIDENT 40.00 X 220000 0 0 220000 0 0 1 0 1 0 0 SERVICING FEE 525990 1086417 1086417 ORIGINATION AND OTHER 525990 632454 632454 FLOAT INCOME 525990 266115 266115 1984986 451877 257491 194386 OTHER INCOME 525990 44145 44145 44145 2481008 2286622 0 194386 220000 205348 14652 896671 836955 59716 52073 49105 2968 45178 42602 2576 87861 82010 5851 38694 38694 74349 70110 4239 5669 5669 25052 25052 31024 31024 26046 26046 DUES & MEMBERSHIPS 78347 78347 MARKETING & PROMOTION 44995 44995 OTHER EXPENSE 32604 30746 1858 ECONOMIC DEVELOPMENT 23965 23965 33696 32057 1639 1716224 1526961 189263 0 3952122 4706120 211696 229982 22260 36501 152428 100815 71677 51613 10962 61978 41072 4330695 5065288 53310 13793 28710 18650 170852 190238 252872 222681 X 4077823 4842607 4077823 4842607 4330695 5065288 764784 0 X X 0 1 X 1 0 152428 100815 51613 51613 APPLICATION FEE DEPOSITS 149700 LEASE LIABILITY 40538 190238 2481008 0 2481008 0 2481008 1716224 0 1716224 0 1716224 0 0 0 0 0 0 0 0 0 JULIE PARKER PRESIDENT 220000 0 0 0 0 0 0 0 0 0 220000 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 CLASSES OF MEMBERS OR STOCKHOLDERS MEMBERS FORM 990, PART VI, SECTION A, LINE 7A ELECTION OF MEMBERS AND THEIR RIGHTS. MEMBERS ELECT BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS SUBJECT TO APPROVAL OF MEMBERS. YES, ANNUAL BUDGET FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 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, PART VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICTS POLICY: 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, PART VI, SECTION B, LINE 15 LINE 15A - COMPENSATION PROCESS FOR TOP OFFICIAL: 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, PART VI, SECTION B, LINE 15: LINE 15B - COMPENSATION PROCESS FOR OFFICERS: 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, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION: A COPY OF THE FORM 990 IS MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART XII, LINE 2: NO CHANGE FROM PRIOR YEAR