Community Improvement · MI
Magnet Lending Corporation
Magnet Lending Corporation reported paying Eric Hanna, President & Ceo; Director, $39,267 in total compensation (FY 2024).
That places Eric Hanna at approximately the 12th percentile among 74 similarly sized community improvement nonprofits (median $126,439).
$1,930,996Total revenue (FY 2024)
$39,267Total executive compensation
12thPercentile vs. peers
Setting executive pay for this board?
Generate a board-ready comparability report for Magnet Lending Corporation — named comparables, percentiles, methodology, and the 26 CFR 53.4958-6 minutes language a board can use toward the rebuttable presumption.
Build the comparability report →Comparable community improvement nonprofits
Compensation is normalized to MI cost of living (BEA Regional Price Parities); each organization's reported figure is on its linked 990.
| Organization | State | Revenue | Total comp |
|---|---|---|---|
| Endeavor Miami Inc | FL | $1,939,183 | $330,344 |
| Centerstate Development Foundation Inc | NY | $1,915,997 | $178,556 |
| Capitalplus Exchange Corporation | IL | $1,915,652 | $231,840 |
| University City Partners | NC | $1,958,487 | $207,220 |
| Historic East Baltimore | MD | $1,959,773 | $93,657 |
| Philadelphia Accelerator Fund | PA | $1,898,965 | $135,262 |
| Boston Local Development Corporation | MA | $1,971,693 | $31,286 |
| Brick Capital Community Development | NC | $1,887,519 | $80,085 |