Nonprofit · EIN 38-2467385
GREAT LAKES COMMERICAL FINANCE
Tax-exempt · GRANDVILLE, MI 49418
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $2,368,379 | $2,181,432 | $186,947 | $5,337,240 | $307,686 | $5,029,554 |
| September 30, 2024 | 990 | $2,481,008 | $1,716,224 | $764,784 | $5,065,288 | $222,681 | $4,842,607 |
| September 30, 2023 | 990 | $2,071,600 | $1,632,678 | $438,922 | $4,330,695 | $252,872 | $4,077,823 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,068,412
- Investment income
- $288,450
- Net gain from sales of assets
- -$1,217
- Other revenue
- $11,517
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $247,533
- Other salaries and wages
- $1,217,012
- Salaries, compensation and benefits (total)
- $1,706,177
- Professional fundraising fees
- $0
- Accounting fees
- $83,385
- Occupancy
- $75,732
- Travel
- $1,717
- Depreciation
- $8,036
- Program services (functional)
- $1,952,216
- Management and general (functional)
- $229,216
Balance sheet and other
- Total assets, start of year
- $5,065,288
- Total assets, end of year
- $5,337,240
- Total liabilities, end of year
- $307,686
- Net assets, end of year
- $5,029,554
- Land, buildings and equipment
- $42,360
- Net assets without donor restrictions
- $5,029,554
- Gross receipts
- $2,369,596
- Employees
- 17
- Volunteers
- 0
- Year formed
- 1980
- 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 |
|---|---|---|---|
| JULIE PARKER | PRESIDENT Officer | 40 | $247,533 |
| CRAIG OOSTERHOUSE | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| MIKE VANOMMEN | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
| STACEY STEPHENS | SECRETARY Trustee or director, Officer | 1 | $0 |
| AMANDA MURRAY | TREASURER Trustee or director, Officer | 1 | $0 |
| MITCHELL BLUE | TRUSTEE Trustee or director | 1 | $0 |
| OLIVIA LANCTOT | TRUSTEE Trustee or director | 1 | $0 |
| ROB ROBBINS | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended September 30, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JULIE PARKER | PRESIDENT Officer | 40 | $220,000 |
| DAVE DUPON | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| CRAIG OOSTERHOUSE | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
| STACEY STEPHENS | SECRETARY Trustee or director, Officer | 1 | $0 |
| KARA WOOD | TREASURER Trustee or director, Officer | 1 | $0 |
| AMANDA MURRAY | TRUSTEE Trustee or director | 1 | $0 |
| ROB ROBBINS | TRUSTEE Trustee or director | 1 | $0 |
| WENDY TIMMINS | TRUSTEE Trustee or director | 1 | $0 |
| MIKE VANOMMEN | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended September 30, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JULIE PARKER | PRESIDENT Officer | 40 | $195,664 |
| DAN DEBAAR | VICE CHAIRMA Trustee or director, Officer | 1 | $0 |
| DAVE DUPON | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| ROB LLANES | TRUSTEE Trustee or director | 1 | $0 |
| AMANDA MURRAY | TRUSTEE Trustee or director | 1 | $0 |
| CRAIG OOSTERHOUSE | TRUSTEE Trustee or director | 1 | $0 |
| CERISE SEMRINEC | TRUSTEE Trustee or director | 1 | $0 |
| STACEY STEPHENS | TRUSTEE Trustee or director | 1 | $0 |
| WENDY TIMMINS | TRUSTEE Trustee or director | 1 | $0 |
| MIKE VANOMMEN | TRUSTEE Trustee or director | 1 | $0 |
| STEVE WILSON | SECRETARY Trustee or director, Officer | 1 | $0 |
| KARA WOOD | TREASURER Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3980 CHICAGO DR SW STE 220, GRANDVILLE, MI 49418-1392
- Principal officer (990 for 2024)
- JULIE PARKER, 3980 CHICAGO DRIVE SW, GRANDVILLE, MI 49418
- Signed the 990
- JULIE PARKER, PRESIDENT
- Phone
- (616) 459-4825
- Website
- WWW.GLCF.ORG
- Return prepared by
- KAPTEIN DYKSTRA & COMPANY PC
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.
Program accomplishments
- GREAT LAKES COMMERCIAL FINANCE PROVIDED FUNDING FOR 46 SBA LOANS IN FISCAL YEAR 9/30/2025 TOTALING $39,878,000 IN LOAN DOLLARS.Expenses $1,952,216
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 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 38-2467385
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1980
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $5,337,240
- Income (IRS master file)
- $2,369,596
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $2,368,379 | $2,181,432 | $5,337,240 | XML |
| 990 | September 2024 | $2,481,008 | $1,716,224 | $5,065,288 | XML |
| 990 | September 2023 | $2,071,600 | $1,632,678 | $4,330,695 | XML |
| 990 | September 2022 | $1,746,446 | $1,881,702 | $3,934,233 | 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 38-2467385).
Questions about GREAT LAKES COMMERICAL FINANCE
- What is the EIN of GREAT LAKES COMMERICAL FINANCE?
- The employer identification number (EIN) of GREAT LAKES COMMERICAL FINANCE is 38-2467385.
- Is GREAT LAKES COMMERICAL FINANCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1980.
- Are donations to GREAT LAKES COMMERICAL FINANCE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does GREAT LAKES COMMERICAL FINANCE 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 GREAT LAKES COMMERICAL FINANCE due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GREAT LAKES COMMERICAL FINANCE 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 GREAT LAKES COMMERICAL FINANCE?
- The 990 for the year ended September 30, 2025 names JULIE PARKER.
- Who are the officers and directors of GREAT LAKES COMMERICAL FINANCE?
- The 990 for the year ended September 30, 2025 lists 8 people; 1 received compensation from the organization, the highest $247,533 (JULIE PARKER, PRESIDENT).
- How much revenue does GREAT LAKES COMMERICAL FINANCE have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $2,368,379, expenses of $2,181,432 and total assets of $5,337,240 at year end.
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