IRS 990 Nonprofit Profile
Magnet Lending Corporation
Magnet lending corporation is a michigan nonprofit formed to promote community and economic development, the creation of wealth and job opportunities, and to facilitate investment of private and public capital in the form of low-cost, flexible financial products, coupled with development services. mlc's financial products and development services are designed to create and preserve affordable and attainable housing, invest in job-creating community-driven economic development projects, and promote the economic mobility of low- and moderate income residents and communities in the state of michigan.
- Filing year
- 2024
- Total revenue
- $1.9M
- Total expenses
- $415K
- Program expenses
- $415K
- Administration
- $0
- Fundraising
- $0
- Program share of expenses
- 100%
- EIN
- 854188860
- Location
- Lansing, MI
WWW.MICHIGANCOMMUNITYCAPITAL.ORG
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Financial data on this page is sourced from IRS Form 990 filings.