Public nonprofit profile

MAGNET LENDING CORPORATION

LANSING, MI · EIN 85-4188860

What this organization reports

Mission and public details

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. MLCS 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.

Organization: MAGNET LENDING CORPORATION
EIN: 85-4188860
Address: 502 E CESAR E CHAVEZ AVE SUITE A, LANSING, MI, 48906-4437
County: Ingham
Tax category: Urban & Community Economic Development
NTEE classification: S31
Organization website: Visit website

Public filing snapshot

Financial information at a glance.

These figures reflect the latest values available in CharityEZ’s public record and may not represent the current year.

$13,606,021reported assets

$1,930,996reported revenue

$414,575reported expenses

$1,262,654reported contributions

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Data note: This profile organizes public nonprofit and IRS filing information for general research. It is not legal, tax, financial, or eligibility advice. Confirm current information with the organization and official sources.