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Filing year 2023

GREAT LAKES COMMERCIAL FINANCE

Grandville, Michigan·EIN 38-2467385·4
Total revenue
$2.5M
Total assets
$5.1M
Total expenses
$1.7M
Reported officers
9
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.

Executive compensation, broken down

Form 990 · Schedule J · 1 reported individual · Filing year 2023

$220k
$243k
Base
$220k
Bonus
Other
Benefits

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 8 unpaid individuals.

Up 12%
from 2022

From $196k in 2022 to $220k in 2023.

$196k
2022
$220k
2023
In today's dollarsEst.
Up 8% in real terms$224k to $243k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

GREAT LAKES COMMERCIAL FINANCE reported revenue and expenses across 2 filing years.

RevenueExpenses
$2.1M
$1.6M
2022
$2.5M
$1.7M
2023
Total revenue and total expenses from IRS Form 990 filings.
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