Michigan Certified Development Corporation
To stimulate economic development in Michigan by promoting and assisting in the growth and development of businesses by helping businesses to obtain financing.
Michigan Certified Development Corporation at a glance
- Total assets
- $10,188,009
- +5.5% vs 2024
- Revenue (2025)
- $4,345,598
- +4.7% vs 2024
- Net investment income (2025)
- $381,850
- +83.5% vs 2024
- Expenses (2025)
- $4,257,678
- +5.5% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated October 2026.
Who Michigan Certified Development Corporation funds
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2019 it made 1 grant totaling $45K.
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $10,188,009 | $4,345,598 | $4,257,678 | — | — | $381,850 |
| 2024 | $9,654,851 | $4,148,673 | $4,034,729 | — | — | $208,091 |
| 2023 | $8,735,406 | $3,683,434 | $3,910,841 | — | — | $-129,505 |
| 2022 | $8,289,445 | $3,345,463 | $3,721,907 | — | — | $-118,739 |
| 2021 | $9,158,589 | $6,129,522 | $3,304,674 | — | — | $1,984,620 |
| 2020 | $7,505,824 | $3,825,592 | $3,345,344 | — | — | $134,879 |
| 2019 | $6,712,727 | $3,185,851 | $3,270,484 | $45,000 | 1 | $134,028 |
About Michigan Certified Development Corporation
Based on IRS filings
Michigan Certified Development Corporation is a public charity, based in East Lansing, MI. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $10.2M in total assets. Net investment income was $382K.
Leadership & Key People
Officers and directors from IRS filings
Michigan Certified Development Corporation is led by Mark Williams, President on every filing since 2019; all 17 officers listed in 2025 are compensated.
Officers on the 2025 filing
Mark Williams
President
On filings since 2019
40 hrs/week
$170K (2019) → $248K (2025)
Debra Gagliardi
Chair
Director → Vice Chair, 2023
Vice Chair → Chair, 2025
On filings since 2019
5 hrs/week
$3K (2022) → $7K (2025)
Anthony Reed
Director
On filings since 2019
2 hrs/week
$4K (2022) → $6K (2025)
Calvin C. Cupidore Jr.
Director
Chair → Director, 2021
On filings since 2019
2 hrs/week
$3K (2022) → $4K (2025)
Gregory Nicholas
Director
On filings since 2019
2 hrs/week
$5K (2022) → $6K (2025)
Janet McClelland
Director
On filings since 2019
2 hrs/week
$3K (2022) → $6K (2025)
Jason Barnett
Director
Vice Chair → Chair, 2023
Chair → Director, 2025
On filings since 2019
5 hrs/week
$5K (2022) → $10K (2025)
John A. Janick
Director
On filings since 2019
2 hrs/week
$4K (2022) → $5K (2025)
Joseph Calvaruso
Director
On filings since 2019
2 hrs/week
$2K (2022) → $5K (2025)
Steven Pricco
Director of 7a Lending
On filings since 2019
40 hrs/week
$114K (2019) → $137K (2025)
Tom Johnson
Director
Vice Chair → Chair, 2021
Chair → Director, 2023
On filings since 2019
2 hrs/week
$4K (2022) → $4K (2025)
Eric J. Kehler
Vice President of Lending
Senior Loan Officer → V.p. Lending, 2020
V.p. Lending → Vice President of Lending, 2024
On filings since 2019
40 hrs/week
$117K (2019) → $156K (2025)
James Fay
Treasurer & Secretary
On filings since 2019
5 hrs/week
$5K (2022) → $7K (2025)
Mark Morante
Vice Chair
Director → Vice Chair, 2025
On filings since 2019
2 hrs/week
$4K (2022) → $6K (2025)
Scott Vroegindewey
Senior Loan Officer
On filings since 2019
40 hrs/week
$105K (2019) → $181K (2025)
John Johnson
Senior Loan Officer
On filings since 2022
40 hrs/week
$137K (2022) → $151K (2025)
Marnie Spitzley
Vice President of Operations
Vp- Operations → Vice President of Operations, 2024
On filings since 2023
40 hrs/week
$121K (2023) → $136K (2025)
Former officers (3)
- Former: David I. Kramer (2019–2022) — V.p. Operations
- Former: Michael Ufford (2021) — Senior Loan Officer
- Former: Jack Johnson (2019) — Senior Loan Officer
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $248K, to Mark Williams (President). 17 officers or directors reported compensation on that filing.
Frequently asked questions about Michigan Certified Development Corporation
How large is Michigan Certified Development Corporation?
Michigan Certified Development Corporation reported $10.2M in total assets on its 2025 IRS Form 990. Its revenue that year was $4.3M.
Where does Michigan Certified Development Corporation operate?
Michigan Certified Development Corporation has awarded grants in Michigan.
What is Michigan Certified Development Corporation's EIN?
Michigan Certified Development Corporation's EIN (Employer Identification Number) is 38-2476532. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2019–2025
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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Michigan Certified Development Corporation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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