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CINNAIRE LENDING CORPORATION: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
CINNAIRE LENDING CORPORATION (EIN 38-3666288)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-15
IRS object ID
202443209349316344
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-15T13:53:09-06:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN381357951PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PLANTE & MORAN PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line18181 E TUFTS AVE SUITE 600AddressLine1Txt
CityDENVERCityNm
State AbbreviationCOStateAbbreviationCd
ZIP80237ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN383666288EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CINNAIRE LENDING CORPORATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCINNBusinessNameControlTxt
Phone5174828555PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11118 S WASHINGTON AVEAddressLine1Txt
CityLANSINGCityNm
State AbbreviationMIStateAbbreviationCd
ZIP48910ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBRETT OUMEDIANPersonNm
Person TitleCFOPersonTitleTxt
Phone5174828555PhoneNum
Signature2024-11-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDORI J EGGETTPreparerPersonNm
PTINP00645252PTIN
Phone3037409400PhoneNum
Preparation2024-11-13PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerBRETT OUMEDIANPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11118 S WASHINGTON AVEAddressLine1Txt
CityLANSINGCityNm
State AbbreviationMIStateAbbreviationCd
ZIP48910ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$17,020,561GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2002FormationYr
Legal Domicile StateMILegalDomicileStateCd
Activity Or MissionTO RAISE & DEPLOY CAPITAL TO SUPPORT THE DEVELOPMENT OF HEALTHY & VIBRANT NEIGHBORHOODS.ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers8TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$7,341,796PYContributionsGrantsAmt
CY Contributions Grants$8,697,337CYContributionsGrantsAmt
PY Program Service Revenue$4,896,024PYProgramServiceRevenueAmt
CY Program Service Revenue$7,710,053CYProgramServiceRevenueAmt
PY Investment Income$454,815PYInvestmentIncomeAmt
CY Investment Income$613,171CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$12,692,635PYTotalRevenueAmt
CY Total Revenue$17,020,561CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$5,672,918PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$6,488,462CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$3,918,330PYOtherExpensesAmt
CY Other Expenses$3,922,094CYOtherExpensesAmt
PY Total Expenses$9,591,248PYTotalExpensesAmt
CY Total Expenses$10,410,556CYTotalExpensesAmt
PY Revenues Less Expenses$3,101,387PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$6,610,005CYRevenuesLessExpensesAmt
Total Assets BOY$102,169,099TotalAssetsBOYAmt
Total Assets EOY$130,855,621TotalAssetsEOYAmt
Total Liabilities BOY$69,740,296TotalLiabilitiesBOYAmt
Total Liabilities EOY$92,385,733TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$32,428,803NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$38,469,888NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionCINNAIRE LENDING (CL), ESTABLISHED IN 2002, IS A CERTIFIED CDFI AND HAS A MISSION TO RAISE AND DEPLOY CAPITAL TO SUPPORT THE DEVELOPMENT OF HEALTHY AND VIBRANT COMMUNITIES IN ORDER TO IMPROVE THE QUALITY OF LIFE FOR RESIDENTS OF THESE COMMUNITIES. THE END GOAL IS TO IMPROVE THE QUALITY OF LIFE FOR RESIDENTS OF THESE COMMUNITIES. CL PROVIDES PRE-DEVELOPMENT, ACQUISITION, BRIDGE LOANS, AND PERMANENT FINANCING FOR MULTI-FAMILY RENTAL COMMUNITIES THAT SERVE LOW- AND MODERATE-INCOME PERSONS INCLUDING SPECIAL NEEDS POPULATIONS. IN ADDITION TO ITS FINANCING PRODUCTS, CL SUPPORTS COMMUNITY DEVELOPMENT BY CONSULTING WITH DEVELOPERS ON UTILIZING ALL AVAILABLE FINANCING SOURCES TO ENSURE THE LONG-TERM VIABILITY OF DEVELOPMENTS. CL TARGETS ITS CONSULTING SERVICES TO NON-PROFIT ORGANIZATIONS TO HELP NON-PROFITS BE AN INTEGRAL PARTNER IN DEVELOPMENTS IN THEIR COMMUNITIES.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$8,276,989ExpenseAmt
Grant$0GrantAmt
Revenue$7,710,053RevenueAmt
DescTO DEPLOY CAPITAL TO UNDERSERVED COMMUNITIES TO FUEL ECONOMIC DEVELOPMENT AND PROMOTE VIBRANT, HEALTHY COMMUNITIES.Desc
Total Program Service Expenses$8,276,989TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related InvstYes (1)ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document30IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint VentureYes (1)InvestmentInJointVentureInd
Written Policy Or ProcedureYes (1)WrittenPolicyOrProcedureInd
States Where Copy Of Return Is FldMIStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BRETT OUMEDIANBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5174828555PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11118 S WASHINGTON AVEAddressLine1Txt
CityLANSINGCityNm
State AbbreviationMIStateAbbreviationCd
ZIP48910ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
KATHY KAMP
CHAIR1.00Yes (X)Yes (X)$0$0$0
ADRIAN BROOKS
SECRETARY/TREASURER1.00Yes (X)Yes (X)$0$0$0
MARK ANGELINI
DIRECTOR1.00Yes (X)$0$0$0
JOSH EARN
DIRECTOR1.00Yes (X)$0$0$0
KENYETTA MCCURDY-BYRD
DIRECTOR1.00Yes (X)$0$0$0
BRETT MACLEOD
DIRECTOR1.00Yes (X)$0$0$0
JASON PAULATEER
DIRECTOR1.00Yes (X)$0$0$0
MICHAEL J TAYLOR
DIRECTOR1.00Yes (X)$0$0$0
QUINETTA ROBERSON CONNALLY
DIRECTOR TERM1.00Yes (X)$0$0$0
BRETT OUMEDIAN
CFO1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (3 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
CLARK HILL PLC
PO BOX 3760PITTSBURGPA15230LEGAL SERVICES$285,769
225 WASHINGTON LLC
225 W WASHINGTON SUITE 550CHICAGOIL60606LEASING AND BUILDING MANAGEMENT$178,170
PAUL SHERRINGTON
249 E 71ST STREETNEW YORKNY10021LEGAL SERVICES$155,010
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K3CntrctRcvdGreaterThan100KCnt
Government Grants$7,457,678GovernmentGrantsAmt
All Other Contributions$1,239,659AllOtherContributionsAmt
Total Contributions$8,697,337TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TAX CREDIT REVENUE900099$3,503,094$3,503,094
LOAN INTEREST INCOME900099$2,984,432$2,984,432
ORIGINATION FEES900099$878,004$878,004
LOAN SERVICING FEES900099$271,863$271,863
CONSULTING FEE541610$72,660$72,660
FieldValueIRS element (for citing)
Total Program Service Revenue$7,710,053TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$613,171TotalRevenueColumnAmt
Exclusion$613,171ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$17,020,561TotalRevenueColumnAmt
Related Or Exempt Func Income$7,710,053RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$613,171ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$5,507,219TotalAmt
Program Services$4,042,299ProgramServicesAmt
Management And General$1,464,920ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$297,315TotalAmt
Program Services$218,229ProgramServicesAmt
Management And General$79,086ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$336,545TotalAmt
Program Services$247,024ProgramServicesAmt
Management And General$89,521ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$347,383TotalAmt
Program Services$254,979ProgramServicesAmt
Management And General$92,404ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$55,176TotalAmt
Program Services$47,562ProgramServicesAmt
Management And General$7,614ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$55,181TotalAmt
Program Services$47,566ProgramServicesAmt
Management And General$7,615ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$992,693TotalAmt
Program Services$756,432ProgramServicesAmt
Management And General$236,261ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$73,544TotalAmt
Program Services$56,041ProgramServicesAmt
Management And General$17,503ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$201,708TotalAmt
Program Services$153,701ProgramServicesAmt
Management And General$48,007ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$194,402TotalAmt
Program Services$142,691ProgramServicesAmt
Management And General$51,711ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$146,333TotalAmt
Program Services$107,408ProgramServicesAmt
Management And General$38,925ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$1,823,950TotalAmt
Program Services$1,823,950ProgramServicesAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
PROVISION FOR LOAN LOSS$283,576$283,576
GRANT EXPENSES$95,531$95,531

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$10,410,556TotalAmt
Program Services$8,276,989ProgramServicesAmt
Management And General$2,133,567ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$6,433,073BOYAmt
EOY$5,100,256EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$5,000,000BOYAmt
EOY$6,175EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$737,142BOYAmt
EOY$1,734,065EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$43,511,185BOYAmt
EOY$80,024,134EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$60,285LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$60,285LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$15,676,197BOYAmt
EOY$14,999,887EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$30,811,502BOYAmt
EOY$28,991,104EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$102,169,099BOYAmt
EOY$130,855,621EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$6,528,346BOYAmt
EOY$5,522,001EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$20,822,176BOYAmt
EOY$13,815,670EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$41,171,841BOYAmt
EOY$69,838,783EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,217,933BOYAmt
EOY$3,209,279EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$69,740,296BOYAmt
EOY$92,385,733EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$10,636,603BOYAmt
EOY$16,777,687EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$21,792,200BOYAmt
EOY$21,692,201EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$32,428,803BOYAmt
EOY$38,469,888EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$102,169,099BOYAmt
EOY$130,855,621EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$6,610,005ReconcilationRevenueExpnssAmt
Prior Period Adjustments-$568,920PriorPeriodAdjustmentsAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$4,565,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,091,851CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,281,102CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,341,796CurrentTaxYearMinus1YearAmt
Current Tax Year$8,697,337CurrentTaxYearAmt
Total$28,977,086TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,258,036CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,816,108CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,574,860CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,734,573CurrentTaxYearMinus1YearAmt
Current Tax Year$4,725,621CurrentTaxYearAmt
Total$18,109,198TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$7,823,036CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$7,907,959CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$7,855,962CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$10,076,369CurrentTaxYearMinus1YearAmt
Current Tax Year$13,422,958CurrentTaxYearAmt
Total$47,086,284TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$220,107CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$496,173CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$593,128CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$993,654CurrentTaxYearMinus1YearAmt
Total$2,303,062TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$220,107CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$496,173CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$593,128CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$993,654CurrentTaxYearMinus1YearAmt
Total$2,303,062TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$44,783,222PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$166,252CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$127,069CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,043,384CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,616,266CurrentTaxYearMinus1YearAmt
Current Tax Year$3,597,603CurrentTaxYearAmt
Total$8,550,574TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$166,252CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$127,069CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,043,384CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,616,266CurrentTaxYearMinus1YearAmt
Current Tax Year$3,597,603CurrentTaxYearAmt
Total$8,550,574TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$7,989,288CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$8,035,028CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$9,899,346CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$12,692,635CurrentTaxYearMinus1YearAmt
Current Tax Year$17,020,561CurrentTaxYearAmt
Total$55,636,858TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.80490PublicSupportCY509Pct
Public Support PY5090.84130PublicSupportPY509Pct
Investment Income CY0.15370InvestmentIncomeCYPct
Investment Income PY0.10970InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$60,285OtherCostOrOtherBasisAmt
Depreciation$60,285DepreciationAmt
Book Value$0BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp (3 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
JANNEY INVESTMENT - RESTRICTED COLLATERAL PLEDGE$8,911,373C
INVESTMENT IN COMMUNITY PRESERVATION COPORATION$6,000,000C
INTEREST RATE SWAP$88,514C
FieldValueIRS element (for citing)
Total Book Value Program Rltd$14,999,887TotalBookValueProgramRltdAmt

Other Assets Org OtherAssetsOrgGrp (2 entries)

DescDescBook ValueBookValueAmt
RESTRICTED CASH$28,863,809
OTHER LONG TERM INVESTMENTS$127,295
FieldValueIRS element (for citing)
Total Book Value Other Assets$28,991,104TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
ESCROW DEPOSITS PAYABLE$1,001,442
ACCRUED INTEREST PAYABLE$2,146,706
OTHER ACCRUED LIABILITIES$61,131
FieldValueIRS element (for citing)
Total Liability$3,209,279TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationIN THE PREPARATION OF TAX RETURNS, TAX POSITIONS ARE TAKEN BASED ON INTERPRETATION OF FEDERAL, STATE AND LOCAL INCOME TAX LAWS. MANAGEMENT PERIODICALLY REVIEWS AND EVALUATES THE STATUS OF UNCERTAIN TAX POSITIONS AND MAKES ESTIMATES OF AMOUNTS, INCLUDING INTEREST AND PENALTIES, ULTIMATELY DUE OR OWED. NO AMOUNTS HAVE BEEN IDENTIFIED, OR RECORDED, AS UNCERTAIN TAX POSITIONS. FEDERAL, STATE AND LOCAL TAX RETURNS GENERALLY REMAIN OPEN FOR EXAMINATION BY THE VARIOUS TAXING AUTHORITIES FOR A PERIOD OF THREE TO FOUR YEARS.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BA COPY OF THE CURRENT YEAR RETURN IS PROVIDED TO THE BOARD CHAIRPERSON PRIOR TO FINALIZING THE RETURN.
FORM 990, PART VI, SECTION B, LINE 12CTHE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY AT BOARD MEETINGS.
FORM 990, PART VI, SECTION B, LINE 15BALL COMPENSATION IS REVIEWED DURING ANNUAL COMPENSATION REVIEW PERFORMED BY THE CINNAIRE COMPENSATION COMMITTEE (CFO, COO, CSO AND CHRO). THIS COMMITTEE REVIEWS COMPENSATION ADJUSTMENT RECOMMENDATIONS SUBMITTED BY THE DIRECT SUPERVISOR OF THE EMPLOYEE. BOARD OF DIRECTORS APPROVES OVERALL PERCENTAGE INCREASE FOR SALARY AND BENEFITS EXPENSE LINE DURING THEIR REVIEW AND APPROVAL OF THE UPCOMING YEAR'S BUDGET.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1CINNAIRE CORPORATIONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11118 S WASHINGTON AVEAddressLine1Txt
CityLANSINGCityNm
State AbbreviationMIStateAbbreviationCd
ZIP48910ZIPCd
FieldValueIRS element (for citing)
EIN383126310EIN
Primary ActivitiesCOMMUNITY DEVELOPMENT FINANCIAL ORGANIZATIONPrimaryActivitiesTxt
Legal Domicile StateMILegalDomicileStateCd
Exempt Code Section501(C)(3)ExemptCodeSectionTxt
Public Charity StatusPFPublicCharityStatusTxt
Direct Controlling NAN/ADirectControllingNACd
Controlled Organization0ControlledOrganizationInd

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1CPC MORTGAGE COMPANYBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1220 EAST 42ND STREET 16TH FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10017ZIPCd
FieldValueIRS element (for citing)
EIN825458430EIN
Primary ActivitiesLENDINGPrimaryActivitiesTxt
Legal Domicile StateNYLegalDomicileStateCd
Share Of Total Income-$657,227ShareOfTotalIncomeAmt
Share Of EOY Assets$14,637,419ShareOfEOYAssetsAmt
Disproportionate Allocations0DisproportionateAllocationsInd
General Or Managing Partner0GeneralOrManagingPartnerInd
Ownership0.15000OwnershipPct

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEntity TypeEntityTypeTxtShare Of Total IncomeShareOfTotalIncomeAmtShare Of EOY AssetsShareOfEOYAssetsAmtOwnershipOwnershipPctControlled OrganizationControlledOrganizationInd
CINNAIRE INVESTMENT CORP
1118 S WASHINGTON AVELANSINGMI48910571223559RE INVESTMICINNAIRE LENDING CORPORATIONC-$262,461$13,453,7521.00000Yes (1)
CINNAIRE ADVISORY SERVICES
1118 S WASHINGTON AVELANSINGMI48910383546198CONSULTINGMICINNAIRE LENDING CORPORATIONC1.00000Yes (1)
PRESERVE AFFORDABILITY PITTSBURGH
1118 S WASHINGTON AVELANSINGMI48910921369681LENDINGMICINNAIRE LENDING CORPORATIONC$1,435,260$9,003,5401.00000Yes (1)
CINNAIRE CATALYST FUND
1118 S WASHINGTON AVELANSINGMI48910LENDINGMICINNAIRE LENDING CORPORATIONC-$36,650$3,963,3501.00000Yes (1)
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsYes (1)ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (1)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (1)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgYes (1)LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (4 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
CINNAIRE INVESTMENT CORP
A$278,592ACTUAL AMOUNT ACCRUED
CINNAIRE INVESTMENT CORP
D$1,304,225NET ACTIVITY - INCREASE
CINNAIRE INVESTMENT CORP
ENET ACTIVITY - DECREASE
CINNAIRE CORPORATION
P$6,538,000ACTUAL AMOUNT ACCRUED