Magnet Lending Corporation in Lansing, Michigan (MI)

Employer Identification Number (EIN)	85-4188860
Name of Organization	Magnet Lending Corporation
Address	502 E Cesar E Chavez Ave Suite A, Lansing, MI 48906-4437
Previous Addresses	502 E Cesar E Chavez Ave Suite A, Lansing, MI 48906-0000 (2022) 507 S Grand Ave, Lansing, MI 48933-2405 (2020 - 2021)
Subsection(s) / Classification	Charitable Organization Educational Organization
Affiliation	Independent
Ruling Date	06/2021
Deductibility	Contributions are deductible
Foundation	Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	12/2023
Asset	$5,000,000 to $9,999,999
Income	$1,000,000 to $4,999,999
Filing Requirement	990 (all other) or 990EZ return
Accounting Period	December (12)
Asset Amount	$8,657,031
Income Amount	$4,238,819
Form 990 Revenue Amount	$4,238,819
National Taxonomy of Exempt Entities (NTEE)	Community Improvement, Capacity Building: Urban, Community Economic Development

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