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Magnet Lending Corporation
Community Development · Lansing, Michigan
502 E Cesar E Chavez Ave Suite A, Lansing, MI 48906-4437
EIN: 854188860· Founded: Jun 2021· 5 years active· Filing Year: 2023
Annual Revenue
$4.2M
Total Expenses
$178K
Total Assets
$8.7M
Program Spending
37%
of expenses go to programs
Compensation & Payroll
Total Officer Compensation
Not reported
All officers, directors, and key employees combined
Other Salaries & Wages
Not reported
Total Payroll
Not reported
Where the Money Goes
37%
Programs: 37%
Payroll: 0%
Other overhead: 63%
Program Revenue$66K (2%)
Total Expenses$178K (4%)
Overhead (non-program)63%
Trust Score Breakdown
Program Spending Ratio
37% of expenses go to programs
Revenue & Stability
$4.2M annual revenue
Executive Compensation
Not reported
Filing Recency
Most recent filing: 2023
Asset Strength
$8.7M in assets
Similar Community Development Nonprofits in Michigan
Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.