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MAGNET LENDING CORPORATION

EIN: 85-4188860Lansing, MIZIP: 48906
S31 - Community Improvement & Capacity Building501(c)(3)

Mission

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.

Financials

YearRevenueExpensesAssets
2024$1.9M$0$13.6M
2023$4.2M$0$8.7M

Compensation

2024

ERIC HANNA
President & Ceo; Director
chief executive officer
$0
$0
$0
$39,267
ELISABETH ALEXANDRIAN
Vice President of Complian
vice president
$0
$0
$0
$34,087
ADRIANNE JENKINS
CFO / COO
chief financial officer
$0
$0
$0
$33,371
BRANDON MILLER
Director of Property Maint
director (operational)
$0
$0
$0
$28,496
MARILYN CHRUMKA
Vice President of Developm
vice president
$0
$0
$0
$19,740
KARA WOOD
Director
board member
$0
$0
$0
$0
RICHARD HOSEY
Secretary
officer (unspecified)
$0
$0
$0
$0
BRAD HEFFNER
Director
board member
$0
$0
$0
$0
MARY KING
Vice Chairperson
board vice chair
$0
$0
$0
$0
MARK MCDANIEL
Director
board member
$0
$0
$0
$0
JIM ANANICH
Director
board member
$0
$0
$0
$0
STEPHANIE OSTERLAND
Director
board member
$0
$0
$0
$0
KARL DORSHIMER
Director
board member
$0
$0
$0
$0
MARK MORANTE
Chairperson
board chair
$0
$0
$0
$0
JAMIE SCHRINER
Treasurer
officer (unspecified)
$0
$0
$0
$0
MARIA VENTURA
Director
board member
$0
$0
$0
$0
DOUG BARCY
Director
board member
$0
$0
$0
$0
ELISSA SANGALLI
Director
board member
$0
$0
$0
$0

2023

ERIC HANNA
President & CEO; Director
chief executive officer
$0
$0
$0
$37,435
ADRIANNE JENKINS
CFO / COO
chief financial officer
$0
$0
$0
$33,133
ELISABETH ALEXANDRIAN
Vice President of Complian
vice president
$0
$0
$0
$32,645
BRANDON MILLER
Director of Property Maint
director (operational)
$0
$0
$0
$26,666
MARILYN CHRUMKA
Vice President of Developm
vice president
$0
$0
$0
$18,619
MARIA VENTURA
Director
board member
$0
$0
$0
$0
KARA WOOD
Director
board member
$0
$0
$0
$0
JAMIE SCHRINER
Treasurer
officer (unspecified)
$0
$0
$0
$0
STEPHANIE OSTERLAND
Director
board member
$0
$0
$0
$0
ELISSA SANGALLI
Director
board member
$0
$0
$0
$0
RICHARD HOSEY
Secretary
officer (unspecified)
$0
$0
$0
$0
MARK MORANTE
Chairperson
board chair
$0
$0
$0
$0
MARK MCDANIEL
Director
board member
$0
$0
$0
$0
BRAD HEFFNER
Director
board member
$0
$0
$0
$0
KARL DORSHIMER
Director
board member
$0
$0
$0
$0
MARY KING
Vice Chairperson
board vice chair
$0
$0
$0
$0
DOUG BARCY
Director
board member
$0
$0
$0
$0
JIM ANANICH
Director
board member
$0
$0
$0
$0

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