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Organizations Community Improvement & Capacity Building Michigan Community Capital

Michigan Community Capital

Fiscal year ending 2024. Filed on November 17, 2025.

502 E Cesar E Chavez Ave Suite A
Lansing, Michigan 48906

Michigan Community Capital (EIN: 33-1068719) has filed an IRS Form 990 between fiscal years 2016 and 2024. In its fiscal year 2024 IRS Form 990 filing, Michigan Community Capital, a 501(c)(3) charitable organization, reported compensation for 7 out of 24 total employees. Among the employees shown here, the average compensation is $188,923. The highest compensated employee at Michigan Community Capital is Eric Hanna with fiscal year 2024 compensation of $304,886. Michigan Community Capital changed its name from Michigan Magnet Fund in 2018.

Revenue, expenses, and employee compensation

Revenue

$9,687,634

Expenses

$9,147,125

Employee compensation

$2,479,007
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Eric Hanna
President and CEO; Director
$304,886
$265,619 No related comp$39,267
Adrianne Jenkins
Chief Financial Officer and Chief Operating Officer
$241,233
$207,862 No related comp$33,371
Marilyn Chrumka
Vice President, Development
$191,203
$171,463 No related comp$19,740
Elisabeth Alexandrian
Vice President, Lending
$164,693
$130,606 No related comp$34,087
Brandon Miller
Director of Property Maintenance
$155,900
$127,404 No related comp$28,496
Rhett Huyvk
Director of Property Manager
$133,993
$122,150 No related comp$11,843
Stacy Esbrook
Vice President of Policy and Impacts
$130,550
$122,927 No related comp$7,623

Benchmark Employee Compensation

Non-Employee Board Members

Brad Heffner
Director
Doug Barcy
Director
Elissa Sangalli
Director
Jamie Schriner
Treasurer
Jim Ananich
Director
Kara Wood
Director
Karl Dorshimer
Director
Marcia Ventura
Director
Mark McDaniel
Director
Mark Morante
Chair
Mary King
Vice Chair
Richard Hosey
Secretary

Contractors

Sb Friedman Development Advisors LLC
Consulting
$964,720
Mcshane Bowie
Legal
$210,000
Plante & Moran
Accounting and Consulting
$154,400

Mission Statement

THE MISSION OF MICHIGAN COMMUNITY CAPITAL IS TO PROVIDE LOW-COST, FLEXIBLE FINANCIAL PRODUCTS COUPLED WITH ADVISORY SERVICES TO CREATE AND PRESERVE AFFORDABLE HOUSING AND INVEST IN JOB-CREATING, COMMUNITY-DRIVEN ECONOMIC DEVELOPMENT PROJECTS FOR THE BENEFIT OF LOW-AND MODERATE INCOME RESIDENTS AND COMMUNITIES IN MICHIGAN.

Revisions to this organization profile

November 17, 2025:
2024 Michigan Community Capital 990 filed
November 12, 2024:
2023 Michigan Community Capital 990 filed
November 13, 2023:
2022 Michigan Community Capital 990 filed

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