CINNAIRE CORPORATION CINNAIRE: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- CINNAIRE CORPORATION CINNAIRE (EIN 38-3126310)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-15
- IRS object ID
- 202133199349103068
- Schema version
- 2020v4.1
- 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
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-15T10:47:15-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 381357951 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PLANTE & MORAN PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8181 E TUFTS AVE SUITE 600 | AddressLine1Txt |
| City | DENVER | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80237 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 383126310 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CINNAIRE CORPORATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CINN | BusinessNameControlTxt |
| Phone | 5174828555 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1118 S WASHINGTON AVENUE | AddressLine1Txt |
| City | LANSING | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48910 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BRETT OUMDEIAN | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 5174828555 | PhoneNum |
| Signature | 2021-11-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | BRETT | PersonFirstNm |
| Person Last | OUMDEIAN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DORI J EGGETT | PreparerPersonNm |
| PTIN | P00645252 | PTIN |
| Phone | 3037409400 | PhoneNum |
| Preparation | 2021-11-10 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 0 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $63,935,512 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $1,476,047 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $146,060 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $146,060 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $146,060 | InterestOnSavingsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $370,470 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $2,337,265 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $370,470 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $370,470 | NetSTCapitalGainAdjNetIncmAmt |
| Other Income Rev And Expnss | $14,665,919 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $523,478 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $14,665,919 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $16,658,496 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,040,008 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $15,182,449 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $4,338,091 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $11,405 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $4,044,136 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $282,550 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $5,340,440 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $4,992,604 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $347,836 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $1,767,202 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Adj Net Incm | $1,652,100 | PensionEmplBnftAdjNetIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $115,102 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $27,514 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $25,722 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $1,792 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $70,330 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $3,517 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $62,233 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $4,581 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $1,240,555 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $31,846 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $1,127,909 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $80,800 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $234,701 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $0 | InterestNetInvstIncmAmt |
| Interest Adj Net Incm | $219,414 | InterestAdjNetIncmAmt |
| Interest Dsbrs Chrtbl | $15,287 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $21,240 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $8,830 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $161,245 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $161,245 | DeprecAndDpltnAdjNetIncmAmt |
| Occupancy Rev And Expnss | $476,900 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $23,845 | OccupancyNetInvstIncmAmt |
| Occupancy Adj Net Incm | $421,993 | OccupancyAdjNetIncmAmt |
| Occupancy Dsbrs Chrtbl | $31,062 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $155,949 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Adj Net Incm | $145,792 | TravConfMeetingAdjNetIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $10,157 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $2,482,139 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $2,320,471 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $161,668 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $16,316,306 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $70,613 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $15,182,449 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,050,835 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $129,237 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $129,237 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $16,445,543 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $70,613 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $15,182,449 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,180,072 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $212,953 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $969,395 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $19,415,846 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $19,715,139 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $19,715,139 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $18,704,480 | AcctRcvblAmt |
| Acct Rcvbl Allwnc Dbtfl Acct | $6,166,689 | AcctRcvblAllwncDbtflAcctAmt |
| Acct Rcvbl BOY | $10,595,691 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $12,537,791 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $12,537,791 | AcctRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $1,219,773 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $848,508 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $848,508 | PrepaidExpensesEOYFMVAmt |
| Other Investments BOY | $0 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $13,800,000 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $13,800,000 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $2,301,012 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,748,382 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $515,101 | LandBOYAmt |
| Land EOY | $552,630 | LandEOYAmt |
| Land EOYFMV | $552,630 | LandEOYFMVAmt |
| Other Assets BOY | $13,495,001 | OtherAssetsBOYAmt |
| Other Assets EOY | $16,481,444 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $16,481,444 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $45,241,412 | TotalAssetsBOYAmt |
| Total Assets EOY | $63,935,512 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $63,935,512 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $8,739,596 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $9,153,782 | AccountsPayableEOYAmt |
| Deferred Revenue BOY | $116,809 | DeferredRevenueBOYAmt |
| Deferred Revenue EOY | $116,809 | DeferredRevenueEOYAmt |
| Mortgages And Notes Payable BOY | $3,803,708 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $21,812,743 | MortgagesAndNotesPayableEOYAmt |
| Total Liabilities BOY | $12,660,113 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $31,083,334 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $32,581,299 | RetainedEarningBOYAmt |
| Retained Earning EOY | $32,852,178 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $32,581,299 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $32,852,178 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $45,241,412 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $63,935,512 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $32,581,299 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $212,953 | ExcessRevenueOverExpensesAmt |
| Other Increases | $57,926 | OtherIncreasesAmt |
| Subtotal | $32,852,178 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $32,852,178 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | PUBLICLY TRADED SECURITIES | PropertyDesc |
| How Acquired | P | HowAcquiredCd |
| Gross Sales Price | $2,337,265 | GrossSalesPriceAmt |
| Cost Or Other Basis | $1,966,795 | CostOrOtherBasisAmt |
| Gain Or Loss | $370,470 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $370,470 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $370,470 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $370,470 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $13,475 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $13,475 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $13,475 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $9,360 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $10,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $19,360 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $277 | EsPenaltyAmt |
| Overpayment | $5,608 | OverpaymentAmt |
| Applied To ES Tax | $5,608 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MI | OrgReportOrRegisterStateCd |
| Org Report Or Register State | IN | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (1) | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | Yes (1) | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.CINNAIRE.COM | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BRETT OUMEDIAN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5174828555 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1118 S WASHINGTON AVENUE | AddressLine1Txt |
| City | LANSING | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 489331062 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (21 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| MARK MCDANIEL | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 48910 | CHEIF EXECUTIVE OFFICER | 40.00 | $813,731 | $36,873 | $394 |
| RICK LABER | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 48910 | EXECUTIVE VICE PRESIDENT | 40.00 | $770,294 | $36,873 | $3,786 |
| KEVIN CRAWLEY | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 48910 | CHIEF OPERATING OFFICER | 40.00 | $474,423 | $36,873 | $2,297 |
| JAMES PEFFLEY | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 48910 | CHIEF STRATEGY OFFICER | 40.00 | $439,708 | $36,873 | $621 |
| JAMES LOGUE | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 48910 | EXECUTIVE VICE PRESIDENT | 40.00 | $385,405 | $36,873 | $3,100 |
| JENNIFER EVERHART | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 48910 | EXECUTIVE VICE PRESIDENT | 40.00 | $303,106 | $36,873 | $545 |
| SUSAN FRANK | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 48910 | EXECUTIVE VICE PRESIDENT | 40.00 | $281,130 | $36,744 | $6,926 |
| BRETT OUMEDIAN | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 48910 | CHIEF FINANCIAL OFFICER | 40.00 | $228,095 | $34,590 | $2,016 |
| RYAN ROBINSON | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 48910 | EXECUTIVE VICE PRESIDENT | 40.00 | $224,981 | $33,631 | $5,093 |
| KATHERINE FORTH | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 48910 | EXECUTIVE VICE PRESIDENT | 40.00 | $218,029 | $33,908 | $7,650 |
| DEBORAH TOBY | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 48910 | EXECUTIVE VICE PRESIDENT | 40.00 | $199,189 | $30,823 | $896 |
| WENDELL JOHNS | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 48910 | CHAIR | 1.00 | $0 | $0 | $0 |
| MICHAEL TAYLOR | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 48910 | TREASURER | 1.00 | $0 | $0 | $0 |
| CHRISTINE HOBBS | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 48910 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| CATHERINE CAWTHON | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 48910 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| WILLIAM PERKINS | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 48910 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| PAUL WEAVER | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 48910 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| DONALD TUCKER | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 48910 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| DERRICK COLLINS | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 48910 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| CARL RIEDY | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 48910 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| BRETT MACLEOD | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 48910 | DIRECTOR | 1.00 | $0 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|---|
| CHRIS LAURENT | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 48910 | SENIOR VP | 40.00 | $254,699 | $35,393 | $4,435 |
| LUCIUS VASSAR | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 48910 | SENIOR VP | 40.00 | $239,866 | $34,340 | $3,444 |
| TOM EDMISTON | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 48910 | SENIOR VP | 40.00 | $238,028 | $35,849 | $1,840 |
| VICKI MINCEY | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 48910 | SENIOR VP | 40.00 | $219,658 | $31,932 | $0 |
| KEITH BROADNAX | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 48910 | SENIOR VP | 40.00 | $196,597 | $31,750 | $7,821 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 98 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| SMALL BUSINESS ASSOCIATION OF MICHIGAN | |||||
| 660 CASCADE WEST PARKWAY SE | GRAND RAPIDS | MI | 49546 | HEALTH INSURANCE | $1,379,304 |
| LYMAN & SHEETS | |||||
| 2213 E GRAND RIVER | LANSING | MI | 48901 | INSURANCE | $167,428 |
| RAPID7 LLC | |||||
| PO BOX 347377 | PITTSBURGH | PA | 15251 | CYBERSECURITY | $161,677 |
| PLANTE & MORAN PLLC | |||||
| 16060 COLLECTIONS CENTER DR | CHICAGO | IL | 60693 | AUDIT/TAX | $135,899 |
| CLARK HILL | |||||
| PO BOX 3760 | PITTSBURGH | PA | 15230 | LEGAL | $115,666 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 13 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | CINNAIRE PROVIDES FLEXIBLE LOANS AND EQUITY CAPITAL TO EXPAND AND PRESERVE AFFORDABLE HOUSING IN UNDERSERVED COMMUNITIES. THESE INVESTMENTS REVITALIZE NEIGHBORHOODS, EMPOWER INDIVIDUALS AND CREATE ECONOMIC OPPORTUNITIES. | Description1Txt |
| Expenses1 | $16,223,284 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | BELOW MARKET RATE LOANS TO ORGANIZATIONS TO ALLOW THEM TO DEVELOP AFFORDABLE HOUSING FOR LOW INCOME TENANTS. | Description1Txt |
| Expenses1 | $2,950,000 | Expenses1Amt |
| Total | $2,950,000 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $6,096,738 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $8,983,197 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $15,079,935 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $15,079,935 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $226,199 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $14,853,736 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $742,687 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,180,072 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $2,950,000 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $4,130,072 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $4,130,072 | AdjustedQualifyingDistriAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $916,355 | Year2Amt |
| Year3 | $5,383,221 | Year3Amt |
| Total | $6,299,576 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $778,902 | Year2Amt |
| Year3 | $4,575,738 | Year3Amt |
| Total | $5,354,640 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $4,130,072 | CurrentYearAmt |
| Year1 | $2,503,682 | Year1Amt |
| Year2 | $1,239,000 | Year2Amt |
| Year3 | $5,124,943 | Year3Amt |
| Total | $12,997,697 | TotalAmt |
Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $129,237 | CurrentYearAmt |
| Year1 | $117,668 | Year1Amt |
| Year2 | $1,037,000 | Year2Amt |
| Year3 | $1,148,221 | Year3Amt |
| Total | $2,432,126 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $4,000,835 | CurrentYearAmt |
| Year1 | $2,386,014 | Year1Amt |
| Year2 | $202,000 | Year2Amt |
| Year3 | $3,976,722 | Year3Amt |
| Total | $10,565,571 | TotalAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $495,125 | CurrentYearAmt |
| Year1 | $551,335 | Year1Amt |
| Year2 | $610,903 | Year2Amt |
| Year3 | $3,588,814 | Year3Amt |
| Total | $5,246,177 | TotalAmt |
Total Support TotalSupportGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Public Support Type PublicSupportType
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Largest Support From EO LargestSupportFromEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Gross Investment Income GrossInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (33 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| AL WALLACE YOUTH SPORT FOUNDATION | ||||||
| 4646 HOW RD | BATH | MI | 48808 | PC | GENERAL SUPPORT | $150 |
| BIG BROTHERS BIG SISTERS MICHIGAN CAPITAL REGION | ||||||
| 7200 W SAGINAW HWY STE 1 | LANSING | MI | 48917 | PC | GENERAL SUPPORT | $1,000 |
| CAPITAL FUNDRAISING ASSOCIATION | ||||||
| 124 W ALLEGAN | LANSING | MI | 48933 | PC | GENERAL SUPPORT | $200 |
| CHEPPEWA-LUCE-MACKINAC COMMUNITY ACTION AGENCY | ||||||
| 524 ASHMN ST | MARIE | MI | 49783 | PC | GENERAL SUPPORT | $10,235 |
| CHILDRENS TRUST FUND | ||||||
| 235 S GRAND AVE | LANSING | MI | 48933 | PC | GENERAL SUPPORT | $2,000 |
| COLT EARLY CHILDHOOD | ||||||
| 9692 COLEMAN RD | HASLETT | MI | 48840 | PC | GENERAL SUPPORT | $500 |
| DISABLED AMERICAN VETERANS | ||||||
| 477 MICHIGAN AVE | DETROIT | MI | 48226 | PC | GENERAL SUPPORT | $100 |
| ELE'S PLACE - CAPITAL REGION | ||||||
| 1145 W OAKLAND DR | LANSING | MI | 48915 | PC | GENERAL SUPPORT | $125 |
| FORWARD COMMUNITY INVESTMENTS | ||||||
| 2045 ATWOOD AVE STE 101A | MADISON | WI | 53704 | PC | GENERAL SUPPORT | $1,617 |
| GREATER CHICAGO FOOD DEPOSITORY | ||||||
| 4100 W ANN LURIE PLACE | CHICAGO | IL | 60632 | PC | GENERAL SUPPORT | $153 |
| GREATER LANSING AREA HOLIDAY COMMISSION | ||||||
| PO BOX 24112 | LANSING | MI | 48909 | PC | GENERAL SUPPORT | $50,000 |
| GREATER LANSING FOOD BANK | ||||||
| 5600 FOOD CT | BATH | MI | 48808 | PC | GENERAL SUPPORT | $1,030 |
| HABITAT FOR HUMANITY DETROIT | ||||||
| 14325 JANE ST | DETROIT | MI | 48205 | PC | GENERAL SUPPORT | $156 |
| HAVEN HOUSE | ||||||
| 121 WHITEHILLS DR | EAST LANSING | MI | 48823 | PC | GENERAL SUPPORT | $2,000 |
| HAVEN HOUSE | ||||||
| 121 WHITEHILLS DR | EAST LANSING | MI | 48823 | PC | GENERAL SUPPORT | $928 |
| HIGHFIELDS | ||||||
| 5123 OLD PLANK RD | ONONDAGA | MI | 49264 | PC | GENERAL SUPPORT | $1,617 |
| HOLY CROSS SERVICES | ||||||
| 414 N LARCH STREET | LANSING | MI | 48912 | PC | GENERAL SUPPORT | $3,000 |
| INDIANA AFFORDABLE HOUSING COUNCIL | ||||||
| 501 CONGRESSIONAL BLVD | CARMEL | IN | 46032 | PC | GENERAL SUPPORT | $5,000 |
| JUNIOR ACHIEVEMENT PROCESSING CENTER | ||||||
| 741 KENMOOR SE STE C | GRAND RAPIDS | MI | 49546 | PC | GENERAL SUPPORT | $200 |
| KAIROS | ||||||
| PO BOX 4978 | EAST LANSING | MI | 48826 | PC | GENERAL SUPPORT | $200 |
| LITTLE SISTERS OF THE POOR | ||||||
| 4200 HAREWOOD RD | WASHINGTON | DC | 20017 | PC | GENERAL SUPPORT | $200 |
| MICHIGAN ASSOCIATION OF UNITED WAYS | ||||||
| 330 MARSHALL ST STE 211 | LANSING | MI | 48912 | PC | GENERAL SUPPORT | $30,000 |
| NATIONAL ASSOCIATION FOR THE ADVANCEMENT OF COLORED PEOPLE | ||||||
| 530 S PINE ST | LANSING | MI | 48933 | PC | GENERAL SUPPORT | $1,617 |
| OMNIA INSTITUTE FOR CONTEXTUAL LEADERSHIP | ||||||
| 155 N MICHIGAN AVE STE 519 | CHICAGO | IL | 60601 | PC | GENERAL SUPPORT | $10,000 |
| SAMARITAS | ||||||
| 8131 E JEFFERSON AVE | DETROIT | MI | 48214 | PC | GENERAL SUPPORT | $2,500 |
| SARAH'S CIRCLE | ||||||
| 4838 N SHERIDAN RD | CHICAGO | IL | 60640 | PC | GENERAL SUPPORT | $1,617 |
| SOUTHSIDE COMMUNITY COALITION | ||||||
| 2102 W HOLMES | LANSING | MI | 48910 | PC | GENERAL SUPPORT | $200 |
| SPECIAL OLYMPICS MICHIGAN | ||||||
| 160 68TH ST SW | GRAND RAPIDS | MI | 49548 | PC | GENERAL SUPPORT | $525 |
| SPECTRUM HEALTH FOUNDATION | ||||||
| 25 MICHIGAN ST NE | GRAND RAPIDS | MI | 49503 | PC | GENERAL SUPPORT | $100 |
| ST PATRICKS CENTER | ||||||
| 107 E 14TH ST | WILMINGTON | DE | 19801 | PC | GENERAL SUPPORT | $250 |
| TEENSHARP | ||||||
| 1200 N FRENCH ST | WILMINGTON | DE | 19801 | PC | GENERAL SUPPORT | $1,617 |
| WISCONSIN COALITION AGAINST HOMELESSNESS | ||||||
| 3416 SEQUOIA CIR | WAUKESHA | WI | 53188 | PC | GENERAL SUPPORT | $200 |
| YMCA MADISON | ||||||
| 101 E MIFFLIN ST | MADISON | WI | 53703 | PC | GENERAL SUPPORT | $200 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $129,237 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Program Service Rev Part VII ProgramServiceRevPartVIIGrp (6 entries)
| DescDesc | Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt |
|---|---|
| ACQUISITION FEES | $6,595,634 |
| NEW MARKET TAX CREDIT FEES | $832,500 |
| DEVELOPMENT AND INVESTOR FEES | $4,987,323 |
| CONSULTING AND UNDERWRITING | $296,481 |
| INTEREST INCOME-LOANS | $523,478 |
| MISCELLANEOUS | $1,430,503 |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $146,060 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $370,470 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $516,530 | ExclusionAmt |
| Related Or Exempt Function Incm | $14,665,919 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $15,182,449 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (2 entries)
| Line NumberLineNumberTxt | Relationship StatementRelationshipStatementTxt |
|---|---|
| 1A | DEVELOPMENT FEES CHARGED RELATED TO PROVIDING EXPERTISE IN THE DEVELOPMENT OF HOUSING FOR LOW INCOME TENANTS IN CONJUNCTION WITH LOCAL NONPROFIT ORGANIZATIONS ALLOWS THE ORGANIZATION TO BUILD CAPACITY TO DEVELOP ADDITIONAL HOUSING SITES FOR LOW INCOME TENANTS AND TO ASSIST ADDITIONAL LOCAL NONPROFIT ORGANIZATIONS IN THEIR RELATED EFFORTS. |
| 1B | LOANS ARE MADE TO ECONOMICALLY UNDERSERVED COMMUNITIES TO SUPPORT HOUSING AND ECONOMIC OPPORTUNITIES FOR LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES. THE LOW AND MODERATE INCOME PEOPLE ARE TYPICALLY RESIDENTS OF RURAL AREAS. THE BORROWERS ARE NOT ELIGIBLE FOR TYPICAL BANK FINANCING. LOAN TERMS, DURATION, MATURITY, AND LOAN TO VALUE TERMS ARE NOT OFFERED BY COMMERCIAL BANK OR CREDIT UNIONS. |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|
| PRESERVATION NON-PROFIT HOUSING CORPORATION | ||||||
| 1 | 1118 S WASHINGTON AVE | LANSING | MI | 48910 | $375,000 | Yes (X) |
| US SMALL BUSINESS ADMINISTRATION | ||||||
| 2 | 409 3RD ST SW | WASHINGTON | DC | 20416 | $1,101,047 | Yes (X) |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING & AUDIT | CategoryTxt |
| Amt | $70,330 | Amt |
| Net Investment Income | $3,517 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $62,233 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $4,581 | DisbursementsCharitablePrpsAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| INVESTMENT - SLP GREENHOUSE APTS | FMV | $3,748,000 | $3,748,000 |
| INVESTMENT - SLP ART CENTER APTS | FMV | $1,000 | $1,000 |
| INVESTMENT - SLP CHARRING SQUARE APTS | FMV | $1,000 | $1,000 |
| INVESTMENT - ECONOMIC INTEREST PS3, LLC | FMV | $10,050,000 | $10,050,000 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (8 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| COMPUTER EQUIPMENT | $653,788 | $457,843 | $195,945 | $195,945 |
| OFFICE EQUIPMENT | $16,650 | $8,325 | $8,325 | $8,325 |
| FURNITURE & FIXTURES | $370,401 | $298,573 | $71,828 | $71,828 |
| LEASEHOLD IMPROVEMENTS | $136,475 | $37,593 | $98,882 | $98,882 |
| LAND IMPROVEMENTS | $14,540 | $1,757 | $12,783 | $12,783 |
| CAPITAL LEASE EQUIPMENT | $948,348 | $941,583 | $6,765 | $6,765 |
| LOAN FEES | $7,500 | $2,708 | $4,792 | $4,792 |
| CAPITALIZED INVESTMENT COSTS | $153,310 | $0 | $153,310 | $153,310 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $27,514 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $25,722 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $1,792 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (5 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| SECURITY DEPOSITS | $21,780 | $21,780 | $21,780 |
| SERVICING RIGHTS | $398,984 | $406,388 | $406,388 |
| INVESTMENT IN AFFILIATES | $2,020,466 | $1,116,583 | $1,116,583 |
| INTEREST RECEIVABLE | $476,629 | $749,163 | $749,163 |
| PROGRAM-RELATED LOANS | $10,577,142 | $14,187,530 | $14,187,530 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| INSURANCE | $151,426 | $0 | $141,563 | $9,863 |
| OFFERING & ORG ALLOWANCE | $215,385 | $0 | $201,356 | $14,029 |
| OFFICE EXPENSES | $931,470 | $0 | $870,801 | $60,669 |
| MARKETING/SPONSORSHIPS | $500,194 | $0 | $467,615 | $32,579 |
| ISF PROVISION | $338,464 | $0 | $316,419 | $22,045 |
| MEALS | $26,079 | $0 | $24,380 | $1,699 |
| OTHER EXPENSES | $319,121 | $0 | $298,337 | $20,784 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (6 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| ACQUISITION FEES | $6,595,634 | $6,595,634 | |
| NEW MARKET TAX CREDIT FEES | $832,500 | $832,500 | |
| DEVELOPMENT AND INVESTOR FEES | $4,987,323 | $4,987,323 | |
| CONSULTING AND UNDERWRITING | $296,481 | $296,481 | |
| INTEREST INCOME-LOANS | $523,478 | $523,478 | $523,478 |
| MISCELLANEOUS | $1,430,503 | $1,430,503 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| UNREALIZED GAIN ON INVESTMENTS | $33,274 |
| OTHER ADJUSTMENT | $24,652 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | CONSULTING | CategoryTxt |
| Amt | $1,240,555 | Amt |
| Net Investment Income | $31,846 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $1,127,909 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $80,800 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| INCOME TAX EXPENSE | $12,410 | $0 | $0 | $0 |
| PERSONAL PROPERTY TAX | $8,830 | $0 | $8,830 | $0 |