2024-10-03T11:09:16-05:00 2023-12-31 382157642 MANER COSTERISAN PC 2425 E GRAND RIVER SUITE 1 LANSING MI 489123291 990 2023-01-01 223080881 DELAWARE COMMUNITY INVESTMENT CORP DELA 3026551420 100 WEST 10TH STREET 302 WILMINGTON DE 19801 BRETT OUMEDIAN CFO 5173648908 2024-10-01 1 1 BRANDY L MIKULA CPA P00645694 5173237500 2024-09-28 2023 2024-10-15 13:58:12Z CINNAIRE CORPORATION BRETT OUMEDIAN 1118 S WASHINGTON AVE LANSING MI 48910 1351675 0 X WWW.CINNAIRE.COM X 1994 DE LENDING AND INVESTING FOR COMMUNITY DEVELOPMENT. 5 1 0 1 0 0 0 500 716093 335003 369695 203355 0 0 1085788 538858 0 0 0 0 0 0 0 0 0 763085 854670 763085 854670 322703 -315812 9444693 9163687 1234028 1207247 8210665 7956440 X TO SERVE AS A VEHICLE FOR COMMUNITY REVITALIZATION BY TAKING DIRECT ACTION THROUGH THE FINANCING OF, AND INVESTMENTS IN, HOUSING, COMMUNITY ECONOMIC DEVELOPMENT AND RELATED ACTIVITIES DESIGNATED TO ADDRESS THE NEEDS OF LOW INCOME PERSONS AND AREAS: TO AGGREGATE AND COORDINATE THE USE OF PUBLIC RESOURCES TO IMPROVE AND EXPAND COMMUNITY DEVELOPMENT THROUGHOUT THE EASTERN REGION OF THE UNITED STATES. 0 0 683737 335003 TO PROVIDE SERVICES TO AFFORDABLE HOUSING PROVIDERS AS WELL AS PROMOTECOMMUNITY AND ECONOMIC DEVELOPMENT OPPORTUNITIES. 683737 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 1 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 DE X DE COMMUNITY INVESTMENT CORP 5174828555 1118 SOUTH WASHINGTON AVE LANSING MI 48910 RYAN ROBINSON DIRECTOR 0.10 40.00 X 0 361303 25148 KEITH BROADNAX DIRECTOR 0.10 40.00 X 0 238582 33376 JAMES L LOGUE III CHAIR 0.10 40.00 X X 0 0 0 BRETT OUMEDIAN TREASURER 0.10 40.00 X X 0 531102 42377 JOSH GHENA VICE PRESIDENT 0.10 40.00 X X 0 277802 40210 SUSAN FRANK VICE PRESIDENT 0.10 40.00 X 0 372538 32352 LUCIUS VASSAR ASSISTANT SECRETARY 0.10 40.00 X 0 402936 42377 0 2184263 215840 0 0 1 0 0 500 500 LOAN INTEREST REVENUE 522291 189081 189081 LENDING FEES 522291 145922 145922 335003 196920 196920 819252 812817 6435 6435 6435 538858 335003 0 203355 24692 19754 4938 35764 28611 7153 28620 22896 5724 12 10 2 6 5 1 SERVICE AGREEMENT EXPEN 765576 612461 153115 854670 683737 170933 0 1260012 1323127 0 12000 1393228 1260796 2650 1500 33812 33812 7 0 5894921 5681314 862856 850805 31019 34145 9444693 9163687 2946 1804 884305 895515 4515 73466 342262 236462 1234028 1207247 X 8210665 7956440 8210665 7956440 9444693 9163687 -315812 61587 0 X X 0 1 X 1 0 X 51681 21001 500 73182 643180 624865 577540 716093 335003 2896681 643180 676546 598541 716093 335503 2969863 0 0 0 2969863 289555 122192 134393 152630 196920 895690 289555 122192 134393 152630 196920 895690 932735 798738 732934 868723 532423 3865553 0.76830 0.76450 0.23170 0.23550 X 0 1 X 33812 33812 0 0 INVESTMENT - DCIC EQUITY FUND, INC. 32260 C PARTICIPATION INTEREST-CINNAIRE MID 818545 C 850805 INTEREST PAYABLE 173491 ADVANCES FROM AFFILIATES 62971 236462 X PART IV, LINE 2B: DCIC COLLECTS ESCROW ITEMS SUCH AS PROPERTY INSURANCE, TAXES AND REPLACEMENT RESERVE ALLOWANCES AS PART OF THE PAYMENTS FROM THE PROPERTIES ON THE NOTES RECIEVABLE EACH MONTH. FUNDS COLLECTED ARE DEPOSITED TO TRUST ACCOUNTS AND A CORRESPONDING LIABILITY IS CREDITED. PART X, LINE 2: IN 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. 0 0 0 0 0 0 0 0 0 BRETT OUMEDIAN TREASURER 0 310776 0 220326 0 0 0 24400 0 17977 0 573479 0 0 LUCIUS VASSAR ASSISTANT SECRETARY 0 280560 0 122376 0 0 0 24400 0 17977 0 445313 0 0 SUSAN FRANK VICE PRESIDENT 0 244634 0 127904 0 0 0 24400 0 7952 0 404890 0 0 RYAN ROBINSON DIRECTOR 0 247917 0 113386 0 0 0 24400 0 748 0 386451 0 0 JOSH GHENA VICE PRESIDENT 0 205103 0 72699 0 0 0 22233 0 17977 0 318012 0 0 KEITH BROADNAX DIRECTOR 0 174235 0 64347 0 0 0 18759 0 14617 0 271958 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION REMOVED CLASS A-2 DIRECTORS AND CLASS B MEMBERS FROM THEIR BOARD AND WILL OPERATE WITH A TOTAL OF 5 CLASS A-1 DIRECTORS. FORM 990, PART VI, SECTION A, LINE 6 IN ORDER TO PARTICIPATE IN THE ORGANIZATION'S LENDING PROGRAM, AN INTERESTED BANK MUST PAY A MEMBERSHIP FEE EQUAL TO 5 % OF THEIR FIRST INVESTMENT IN THE HOUSING LOAN FUND. THE FEE CAN BE PAID IN TWO ANNUAL INSTALLMENTS. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS MAY VOTE ON THE ELECTION OF MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS OF THE GOVERNING BODY MAY BE SUBJECT TO APPROVAL BY MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 IS PREPARED BY ITS INDEPENDENT ACCOUNTING FIRM. THE FORM 990 IS REVIEWED AND APPROVED BY THE ORGANIZATION'S EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES, OFFICERS AND DIRECTORS ARE REQUIRED UNDER THE CONFLICT OF INTEREST POLICY TO REPORT ANY CONFLICTS AS THEY ARISE. FORM 990, PART VI, SECTION C, LINE 19 ALL ITEMS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. PART XII, LINE 2C THE ORGANIZATION'S AUDIT COMMITTEE ASSUMES THE RESPONSIBILITY OF OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF ITS INDEPENDENT ACCOUNTANTS. CINNAIRE CORPORATION 1118 S WASHINGTON AVE LANSING MI 489101649 383126310 ACTIVITIES DEVOTED TO THE CHARITABLE OBJECTIVE OF AFFORDABLE HOUSING MI 501(C)(3) PF N/A 0 DCIC EQUITY FUND INC 100 WEST 10TH STREET SUITE 302 WILMINGTON DE 19801 510351693 SOLE GENERAL PARTNER FOR EACH OF DCIC'S EQUITY FUNDS DE N/A C 4472 25128 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 CINNAIRE CORPORATION M 765576 ACTUAL