TO STIMULATE ECONOMIC DEVELOPMENT IN MICHIGAN BY PROMOTING AND ASSISTING IN THE GROWTH AND DEVELOPMENT OF BUSINESSES BY HELPING BUSINESSES TO OBTAIN FINANCING.
Executive compensation, broken down
Form 990 · Schedule J · 17 reported individuals · Filing year 2023
- Base
- $210k
- Bonus
- $15k
- Other
- —
- Benefits
- $13k
- Base
- $132k
- Bonus
- $41k
- Other
- —
- Benefits
- $27k
- Base
- $112k
- Bonus
- $65k
- Other
- —
- Benefits
- $22k
- Base
- $121k
- Bonus
- $16k
- Other
- —
- Benefits
- $23k
- Base
- $116k
- Bonus
- $19k
- Other
- —
- Benefits
- $24k
- Base
- $115k
- Bonus
- $15k
- Other
- —
- Benefits
- $11k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President | $210k | $15k | — | $13k | $253k $279k |
VP of 504 Lending vice president | $132k | $41k | — | $27k | $210k $232k |
Senior Loan Officer highest compensated employee | $112k | $65k | — | $22k | $204k $225k |
Director of 7a Lending highest compensated employee | $121k | $16k | — | $23k | $168k $186k |
Sr. Loan Officer highest compensated employee | $116k | $19k | — | $24k | $163k $180k |
VP of Operations vice president | $115k | $15k | — | $11k | $154k $170k |
Chair board chair | — | — | — | — | $9k $10k |
Treasurer/secretary officer (unspecified) | — | — | — | — | $7k $7k |
Director board member | — | — | — | — | $6k $7k |
Director board member | — | — | — | — | $6k $7k |
Director board member | — | — | — | — | $6k $6k |
Vice Chair board vice chair | — | — | — | — | $6k $6k |
Director board member | — | — | — | — | $6k $6k |
Director board member | — | — | — | — | $5k $6k |
Director board member | — | — | — | — | $5k $5k |
Director board member | — | — | — | — | $5k $5k |
Director board member | — | — | — | — | $4k $5k |
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.
Up 6%
from 2022
From $238k in 2022 to $253k in 2023.
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.
Revenue and expenses over time
MICHIGAN CERTIFIED DEVELOPMENT CORP reported revenue and expenses across 2 filing years.
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