Nonprofit · EIN 33-1068719
MICHIGAN COMMUNITY CAPITAL
Tax-exempt · LANSING, MI 48906
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $9,687,634 | $9,147,125 | $540,509 | $74,933,829 | $59,718,317 | $15,215,512 |
| December 31, 2023 | 990 | $6,661,371 | $7,243,751 | -$582,380 | $66,808,969 | $52,553,398 | $14,255,571 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,803,218
- of which government grants
- $1,252,862
- Program service revenue
- $6,539,532
- Investment income
- $863,630
- Net rental income
- $231,598
- Net gain from sales of assets
- $366,299
- Other revenue
- $481,254
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,911,175
- Salaries, compensation and benefits (total)
- $2,479,007
- Professional fundraising fees
- $0
- Legal fees
- $130,949
- Accounting fees
- $173,310
- Occupancy
- $1,155,497
- Travel
- $43,797
- Depreciation
- $1,789,072
- Program services (functional)
- $8,490,375
- Management and general (functional)
- $656,750
Balance sheet and other
- Total assets, start of year
- $66,808,969
- Total assets, end of year
- $74,933,829
- Total liabilities, end of year
- $59,718,317
- Net assets, end of year
- $15,215,512
- Land, buildings and equipment
- $40,697,507
- Publicly traded securities
- $1,624,679
- Net assets without donor restrictions
- $13,709,188
- Net assets with donor restrictions
- $1,506,324
- Gross receipts
- $10,575,285
- Employees
- 24
- Volunteers
- 0
- Year formed
- 2003
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ERIC HANNA | PRESIDENT & CEO; DIRECTOR Trustee or director, Officer | 45 | $265,619 | $39,267 |
| ADRIANNE JENKINS | CFO / COO Officer | 45 | $207,862 | $33,371 |
| MARILYN CHRUMKA | VP OF DEVELOPMENT Officer | 45 | $171,463 | $19,740 |
| ELISABETH ALEXANDRIAN | VP OF LENDING Officer | 45 | $130,606 | $34,087 |
| BRANDON MILLER | DIR. OF PROPERTY MAINTENANCE Highest-paid employee | 40 | $127,404 | $28,496 |
| RHETT HUYVK | DIR. OF PROPERTY MANAGER Highest-paid employee | 40 | $122,150 | $11,843 |
| STACY ESBROOK | VP OF POLICY AND IMPACTS Officer | 45 | $122,927 | $7,623 |
| MARK MORANTE | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| MARY KING | VICE CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| JAMIE SCHRINER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| RICHARD HOSEY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| KARL DORSHIMER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK MCDANIEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELISSA SANGALLI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARCIA VENTURA | DIRECTOR Trustee or director | 1 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KARA WOOD | DIRECTOR Trustee or director | 1 | $0 |
| DOUG BARCY | DIRECTOR Trustee or director | 1 | $0 |
| JIM ANANICH | DIRECTOR Trustee or director | 1 | $0 |
| STEPHANIE OSTERLAND | DIRECTOR Trustee or director | 1 | $0 |
| BRAD HEFFNER | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ERIC HANNA | PRESIDENT & CEO; DIRECTOR Trustee or director, Officer | 45 | $244,209 | $37,435 |
| ADRIANNE JENKINS | CFO / COO Officer | 45 | $196,456 | $33,133 |
| MARILYN CHRUMKA | VICE PRESIDENT OF DEVELOPMENT Officer | 45 | $162,190 | $18,619 |
| ELISABETH ALEXANDRIAN | VICE PRESIDENT OF LENDING Officer | 45 | $121,320 | $32,645 |
| BRANDON MILLER | DIRECTOR OF PROPERTY MAINTENANCE Highest-paid employee | 40 | $119,111 | $26,666 |
| MARK MORANTE | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| MARY KING | VICE CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| JAMIE SCHRINER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| RICHARD HOSEY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| KARL DORSHIMER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK MCDANIEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELISSA SANGALLI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARCIA VENTURA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KARA WOOD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DOUG BARCY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIM ANANICH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEPHANIE OSTERLAND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRAD HEFFNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 502 E CESAR E CHAVEZ AVE STE A, LANSING, MI 48906-4437
- Principal officer (990 for 2024)
- ADRIANNE JENKINS, 502 E CESAR E CHAVEZ AVE SUITE A, LANSING, MI 48906
- Signed the 990
- ADRIANNE JENKINS, CFO / COO
- Phone
- (517) 334-0545
- Return prepared by
- PLANTE & MORAN PLLC
Mission
THE MISSION OF MICHIGAN COMMUNITY CAPITAL IS TO FACILITATE LOW-INCOME COMMUNITY INVESTMENT IN MICHIGAN. THESE INVESTMENTS WILL SPUR JOB CREATION AND ECONOMIC GROWTH IN LOW INCOME COMMUNITIES ACROSS THE STATE.
Program accomplishments
- FACILITATING AND MANAGING ALL NMTC INVESTMENTSExpenses $1,073,120 · revenue $3,622,343
- FACILITATING AND MANAGING INVESTMENTS IN AFFORDABLE HOUSING AND OTHER NON-NMTC COMMUNITY DEVELOPMENT PROJECTSExpenses $7,417,255 · revenue $3,166,845
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 33-1068719
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2004
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $74,933,829
- Income (IRS master file)
- $10,575,285
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $9,687,634 | $9,147,125 | $74,933,829 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $6,661,371 | $7,243,751 | $66,808,969 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $4,447,895 | $6,040,435 | $77,994,723 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 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 33-1068719).
Questions about MICHIGAN COMMUNITY CAPITAL
- What is the EIN of MICHIGAN COMMUNITY CAPITAL?
- The employer identification number (EIN) of MICHIGAN COMMUNITY CAPITAL is 33-1068719.
- Is MICHIGAN COMMUNITY CAPITAL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to MICHIGAN COMMUNITY CAPITAL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does MICHIGAN COMMUNITY CAPITAL 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 COMMUNITY CAPITAL due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MICHIGAN COMMUNITY CAPITAL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MICHIGAN COMMUNITY CAPITAL?
- The 990 for the year ended December 31, 2024 names ADRIANNE JENKINS.
- Who are the officers and directors of MICHIGAN COMMUNITY CAPITAL?
- The 990 for the year ended December 31, 2024 lists 20 people; 7 received compensation from the organization, the highest $265,619 (ERIC HANNA, PRESIDENT & CEO; DIRECTOR).
- How much revenue does MICHIGAN COMMUNITY CAPITAL have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $9,687,634, expenses of $9,147,125 and total assets of $74,933,829 at year end.
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All nonprofits in LANSING · Michigan · Community improvement and capacity building