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MAGNET LENDING CORPORATION
MAGNET LENDING CORPORATION
MI · Community Development · EIN 854188860
6
Executives Disclosed
$1.9M
Annual Revenue
$13.6M
Total Assets
1.7:1
Internal Pay Ratio
MAGNET LENDING CORPORATION has 6 executives with disclosed compensation. The highest-paid executive, Eric Hanna (PRESIDENT & CEO; DIRECTOR), received peak total compensation of $304,886. The sector average for Community Development executives is $172K.
Top Executive Compensation Over Time
Executive Compensation
| Name | Title | Peak Comp. | Latest Comp. | Years | vs. Household |
|---|---|---|---|---|---|
| Eric Hanna | PRESIDENT & CEO; DIRECTOR | $305K | $305K | 2020–2024 | 4.1x |
| Adrianne Jenkins | CFO / COO | $241K | $241K | 2020–2024 | 3.2x |
| Marilyn Chrumka | VICE PRESIDENT OF DEVELOPM | $191K | $191K | 2023–2024 | 2.5x |
| Marilyn Crowley | VICE PRESIDENT OF DEVELOPMENT | $180K | $180K | 2020–2022 | 2.4x |
| Elisabeth Alexandrian | VICE PRESIDENT OF COMPLIAN | $165K | $165K | 2020–2024 | 2.2x |
| Brandon Miller | DIRECTOR OF PROPERTY MAINT | $156K | $156K | 2022–2024 | 2.1x |
Annual Summary
| Year | Executives | Avg. Comp. | Highest Comp. | Total Payroll |
|---|---|---|---|---|
| 2020 | 4 | $232K | $232K | $232K |
| 2021 | 4 | $208K | $239K | $416K |
| 2022 | 5 | $220K | $264K | $661K |
| 2023 | 5 | $212K | $282K | $846K |
| 2024 | 5 | $212K | $305K | $1.1M |
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