2025-11-17T07:06:39-06:00 2024-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990PF 2024-01-01 383225995 CINNAIRE SOLUTIONS CORPORATION CINN 5174828555 1118 S WASHINGTON AVE LANSING MI 48910 BRETT OUMEDIAN CFO 5174828555 2025-11-14 1 1 BRITTANY PHILLIPS P01083761 3178485700 2024 2025-03-06 01:10:19Z X 39701010 X 7976626 626522 626522 11161 11161 -382370 0 5100701 0 5100701 13332640 637683 5100701 0 0 0 0 2419534 374735 2044799 0 307788 47670 260118 0 3476 538 2938 0 30980 4798 26182 0 108995 16881 92114 0 146824 22740 124084 0 87742 13589 74153 0 939892 145571 794322 0 4045231 626522 3418710 0 0 0 4045231 626522 3418710 0 9287409 11161 1681991 1057099 1973189 1973189 10075363 3094240 10075363 10075363 18176397 0 13020180 18176397 18176397 8647 8227 8227 394837 846307 846307 2137296 2137296 2137296 2137296 5717525 6484231 6484231 25429824 39701010 39701010 714466 817335 4880406 8261314 5594872 9078649 X 19834952 30622361 19834952 30622361 25429824 39701010 19834952 9287409 1500000 30622361 0 30622361 INVESTMENT OF TRILOGY GP, INC. P 2012-12-21 2024-04-23 382370 -382370 -382370 -382370 155 0 155 0 155 0 0 0 0 0 0 155 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 1 0 1 N/A BRETT OUMEDIAN 5175800144 1118 SOUTH WASHINGTON AVE LANSING MI 48910 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 PETER GILES 1118 S WASHINGTON AVE LANSING MI 48910 CHAIR 1.00 0 0 0 MARISSA DOWNS 1118 S WASHINGTON AVE LANSING MI 48910 VICE CHAIR 1.00 0 0 0 DONSIA STRONG HILL 1118 S WASHINGTON AVE LANSING MI 48910 SECRETARY/TREASURER 1.00 0 0 0 BRETT OUMEDIAN 1118 S WASHINGTON AVE LANSING MI 48910 TRUSTEE 1.00 0 0 0 DANIEL DIERLAM 1118 S WASHINGTON AVE LANSING MI 48910 TRUSTEE 1.00 0 0 0 DERRICK COLLINS 1118 S WASHINGTON AVE LANSING MI 48910 TRUSTEE 1.00 0 0 0 DONALD F TUCKER 1118 S WASHINGTON AVE LANSING MI 48910 TRUSTEE 1.00 0 0 0 JEFF MACK 1118 S WASHINGTON AVE LANSING MI 48910 TRUSTEE 1.00 0 0 0 GINA WORTHEY 1118 S WASHINGTON AVE LANSING MI 48910 TRUSTEE 1.00 0 0 0 ELAINE MAGIL 1118 S WASHINGTON AVE LANSING MI 48910 FORMER TRUSTEE 1.00 0 0 0 RAHEEMAH JABBAR-BEY 1118 S WASHINGTON AVE LANSING MI 48910 FORMER TRUSTEE 1.00 0 0 0 LUCIUS VASSAR 1118 S WASHINGTON AVE LANSING MI 48910 ASSISTANT SECRETARY 1.00 0 0 0 NONE 0 CINNAIRE CORPORATION 1118 S WASHINGTON AVE LANSING MI 48910 CONSULTING SERVICES-DEVELOPMENT 2727322 0 TO CREATE AND PRESERVE QUALITY RENTAL HOUSING AFFORDABLE TO LOW-INCOME HOUSEHOLDS BY DEVELOPING, FINANCING, OWNING, AND OPERATING LIHTC PROPERTIES. AS GENERAL PARTNER/DEVELOPER, WE ORIGINATE AND STRUCTURE NEW CONSTRUCTION AND RECAPITALIZATIONS OF AGING ASSETS. RENTS ARE RESTRICTED AND UNDERWRITTEN AT OR BELOW 60% OF AMI. WE OVERSEE CONSTRUCTION, COMPLIANCE, LONG-TERM AFFORDABILITY COVENANTS, ASSET MANAGEMENT, AND RESIDENT SUPPORTS. ALL NET EARNINGS ARE REINVESTED TO EXPAND AFFORDABLE HOUSING AND STABILIZE NEIGHBORHOODS. 3514408 0 0 1515143 0 1515143 0 0 1515143 22727 1492416 74621 X 0 0 0 2001-11-06 X 74621 0 51301 0 125922 63428 0 43606 0 107034 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 39701011 25579821 17880002 18641649 101802483 39701011 25579821 17880002 18641649 101802483 0 0 0 0 0 X 0 0 14 626522 14 11161 -382370 DEVELOPER SERVICE FEE INCOME 4970625 CONSULTANT FEE 100000 PARTNERSHIP MGMT FEES 24942 INCENTIVE MGMT FEE 4882 MISCELLANEOUS INCOME 252 0 637683 4718331 5356014 11A INCOME AND LOSSES GENERATED IN CURRENT YEAR ARE DIRECTLY ATTRIBUTABLE 11B TO THE BUILDING, DEVELOPMENT,CONSTRUCTION, AND FINANCING OF AFFORDABLE 11C HOUSING TO LOW-INCOME FAMILIES. 1A INCOME GENERATED IN THE CURRENT YEAR FROM THE OWNERSHIP (100%) AND 11D OPERATION OF HOUSING AFFORDABLE FOR LOW-INCOME FAMILIES. 0 0 0 0 0 0 0 0 0 0 X X 1 IFF 333 SOUTH WABASH AVENUE CHICAGO IL 60604 6213 X 2 CITY OF MILWAUKEE 200 EAST WELLS STREET MILWAUKEE WI 53202 727603 X 3 CITY OF EAU CLAIRE 203 S FARWELL ST PO BOX 5148 EAU CLAIRE WI 54702 192700 X 4 FLAGSTAR BANK 5151 CORPORATE DRIVE TROY MI 48098 272753 X 5 CITY OF LA CROSSE 400 LA CROSSE STREET LA CROSSE WI 54601 700000 X 6 CITY OF MADISON 215 MARTIN LUTHER KING JR BLVD MADISON WI 53703 500600 X 7 DANE COUNTY 210 MARTIN LUTHER KING JR BLVD ROOM MADISON WI 53703 1267551 X 8 NATIONAL FISH AND WILDLIFE FOUNDATION 1133 15TH STREET NW SUITE 1000 WASHINGTON DC 20005 23771 X 9 PSC OF WISCONSIN OFFICE OF ENERGY INNOVATION 4822 MADISON YARDS WAY MADISON WI 53705 78570 X 10 FEDERAL HOME LOAN BANK OF CHICAGO 433 WEST VAN BUREN STREET SUITE 501 CHICAGO IL 60607 2263188 X 11 BMO BANK NA 320 S CANAL ST CHICAGO IL 60606 1525000 X 12 HEARTLAND HOUSING INC CO DSI 104 KING STREET 201 MADISON WI 53703 183677 X 13 EAU CLAIRE COUNTY 721 OXFORD AVE EAU CLAIRE WI 54703 100000 X 14 HEARTLAND HOUSING INC CO DSI 104 KING STREET 201 MADISON WI 53703 135000 X 10 ASSUMED AHP NOTES 2263188 2024-07-01 11 ASSUMED AHP NOTES 1525000 2024-05-30 12 ASSUMED HOME NOTE 183677 2024-12-18 14 ASSUMED HTF NOTE 135000 2024-12-18 ACCOUNTING FEES 30980 4798 26182 0 LIST OF CONTROLLED ENTITIES FORM 990-PF, PART VI-A, LINE 11: NAME OF CONTROLLED ENTITY: LINCOLN APARTMENTS LLCEMPLOYER ID NO: 80-0764045ADDRESS: 1118 SOUTH WASHINGTON AVENUE LANSING, MI 48910EXCESS BUSINESS HOLDING: NO----------------------------------------------------------------------------NAME OF CONTROLLED ENTITY: GLADSTONE LDHA, LPEMPLOYER ID NO: 38-3520902ADDRESS: 1118 SOUTH WASHINGTON AVENUE LANSING, MI 48910EXCESS BUSINESS HOLDING: NO----------------------------------------------------------------------------NAME OF CONTROLLED ENTITY: CSC TAXABLE, LLCEMPLOYER ID NO: 85-1397308ADDRESS: 10 E DOTY ST 445 MADISON, WI 53703EXCESS BUSINESS HOLDING: NO----------------------------------------------------------------------------NAME OF CONTROLLED ENTITY: CHAMBERS PARK APARTMENTS, LLCEMPLOYER ID NO: 47-1174942ADDRESS: 1118 SOUTH WASHINGTON AVENUE LANSING, MI 48910EXCESS BUSINESS HOLDING: NO----------------------------------------------------------------------------NAME OF CONTROLLED ENTITY: COLONY ARMS ASSOCIATES LLCEMPLOYER ID NO: 46-3391005ADDRESS: 1118 SOUTH WASHINGTON AVENUE LANSING, MI 48910EXCESS BUSINESS HOLDING: NO----------------------------------------------------------------------------NAME OF CONTROLLED ENTITY: NORMAN TOWERS GP, LLCEMPLOYER ID NO: 81-1837283ADDRESS: 1118 SOUTH WASHINGTON AVENUE LANSING, MI 48910EXCESS BUSINESS HOLDING: NO----------------------------------------------------------------------------NAME OF CONTROLLED ENTITY: DARLINGTON FARMWORKERS TOWNHOMES MM, LLCEMPLOYER ID NO: 85-1420766ADDRESS: 1118 SOUTH WASHINGTON AVENUE LANSING, MI 48910EXCESS BUSINESS HOLDING: NO----------------------------------------------------------------------------NAME OF CONTROLLED ENTITY: WASHINGTON PARK UNITED HOMES MM, LLCEMPLOYER ID NO: 85-1464895ADDRESS: 10 E DOTY ST 445 MADISON, WI 53703EXCESS BUSINESS HOLDING: NO----------------------------------------------------------------------------NAME OF CONTROLLED ENTITY: CS TRANSFIGURATION, LLCEMPLOYER ID NO: 84-2509876ADDRESS: 1118 SOUTH WASHINGTON AVENUE LANSING, MI 48910EXCESS BUSINESS HOLDING: NO----------------------------------------------------------------------------NAME OF CONTROLLED ENTITY: CSC HUBBARD VERNOR 4, LLCEMPLOYER ID NO: 83-4155197ADDRESS: 1118 SOUTH WASHINGTON AVENUE LANSING, MI 48910EXCESS BUSINESS HOLDING: NO----------------------------------------------------------------------------NAME OF CONTROLLED ENTITY: CSC HUBBARD VERNOR, LLCEMPLOYER ID NO: 87-3186536ADDRESS: 1118 SOUTH WASHINGTON AVENUE LANSING, MI 48910EXCESS BUSINESS HOLDING: NO----------------------------------------------------------------------------NAME OF CONTROLLED ENTITY: HV4 MANAGER LLCEMPLOYER ID NO: 87-3293241ADDRESS: 1118 SOUTH WASHINGTON AVENUE LANSING, MI 48910EXCESS BUSINESS HOLDING: NO----------------------------------------------------------------------------NAME OF CONTROLLED ENTITY: HV9 MANAGER LLCEMPLOYER ID NO: 87-3320802ADDRESS: 1118 SOUTH WASHINGTON AVENUE LANSING, MI 48910EXCESS BUSINESS HOLDING: NO----------------------------------------------------------------------------NAME OF CONTROLLED ENTITY: MINOCK PARK 4 GP, LLCEMPLOYER ID NO: 99-4385955ADDRESS: 19800 GRAND RIVER AVE DETROIT, MI 48223EXCESS BUSINESS HOLDING: NO----------------------------------------------------------------------------NAME OF CONTROLLED ENTITY: CSC ST MATTHEW LLCEMPLOYER ID NO: 93-2433640ADDRESS: 1118 SOUTH WASHINGTON AVENUE LANSING, MI 48910EXCESS BUSINESS HOLDING: NO----------------------------------------------------------------------------NAME OF CONTROLLED ENTITY: COLLECTIVE ON FOURTH MM, LLCEMPLOYER ID NO: 92-2274782ADDRESS: 10 E DOTY ST 445 MADISON, WI 53703EXCESS BUSINESS HOLDING: NO----------------------------------------------------------------------------NAME OF CONTROLLED ENTITY: CS GRPC II MANAGER LLCEMPLOYER ID NO: 92-2037795ADDRESS: 1118 SOUTH WASHINGTON AVENUE LANSING, MI 48910EXCESS BUSINESS HOLDING: NO----------------------------------------------------------------------------NAME OF CONTROLLED ENTITY: TDD LIHTC MANAGER, LLCEMPLOYER ID NO: 87-4808897ADDRESS: 2211 WOODWARD AVE, DETROIT, MI 48201EXCESS BUSINESS HOLDING: NO DEBT-TO-EQUITY CONVERSION FORM 990-PF, PART III, LINE 3 DURING THE YEAR ENDED DECEMBER 31, 2023, $8,050,000 OF OUTSTANDING PRINCIPAL AND $347,282 OF OUTSTANDING INTEREST DUE TO CINNAIRE CORPORATION WAS CONVERTED TO AN EQUITY INVESTMENT FROM A FINANCIALLY INTERRELATED NON-PROFIT IN ACCORDANCE WITH FASB ASC 958 NOT-FOR-PROFIT ENTITIES. THE DEBT-TO-EQUITY CONVERSION AGREEMENT ALLOWS FOR CASH PAYMENTS OF 1% OF THE OUTSTANDING EQUITY BALANCE, BASED ON THE PROFITABILITY OF THE CORPORATION, BEGINNING NOVEMBER 1, 2024 AND INCREASING BY 1% EACH YEAR UP TO 9%. DURING THE YEAR ENDED DECEMBER 31, 2024, AN ADDITIONAL $1,500,000 WAS CONTRIBUTED FROM THE FINANCIALLY INTERRELATED NON-PROFIT. AT DECEMBER 31, 2024, THE OUTSTANDING EQUITY BALANCE WAS $9,897,282. MANAGEMENT COMPENSATION FORM 990-PF, PART VII, LINE 1: THE COMPENSATION FOR THE MANAGEMENT OF CINNAIRE SOLUTIONS CORPORATION IS PAID BY CINNAIRE CORPORATION, A RELATED NON-PROFIT ENTITY. INVESTMENT IN 8TH STREET STABILIZATION AT COST 6266 6266 INVESTMENT IN ANCHOR AT MARINER'S INN 4% AT COST 100 100 INVESTMENT IN ANCHOR AT MARINER'S INN 9% AT COST 100 100 INVESTMENT IN CANNERY TRAIL RESIDENCES 2 AT COST 100975 100975 INVESTMENT IN CCSEM AT COST 551 551 INVESTMENT IN DARLINGTON FARMWORKERS TOWNEHOMES LP AT COST 1012 1012 INVESTMENT IN EASTSIDE HOUSING PARNTERS LLC AT COST 700 700 INVESTMENT IN GARDEN HOMES AT COST 986 986 INVESTMENT IN HENRY STREET 4 AT COST 733371 733371 INVESTMENT IN TRANSFIGURATION LLC AT COST 1156 1156 INVESTMENT IN TULSA NP PARTNERS, LLC AT COST 409 409 INVESTMENT IN WASHINGTON PARK UNITED HOMES AT COST 681 681 LAND 112000 0 112000 LAND 85000 0 85000 LAND 295220 0 295220 LAND 1645075 0 1645075 LEGAL 3476 538 2938 0 CINNAIRE CORPORATION LENDER 3000000 1645075 2019-01 2025-06 3.900000000000 CARRYING A BUSINESS OR COMMERCIAL ENTERPRISE THE HOUSING PARTNERSHIP FUND INC LENDER 184715 550000 2022-03 2025-07 4.500000000000 CARRYING A BUSINESS OR COMMERCIAL ENTERPRISE THE HOUSING PARTNERSHIP FUND INC LENDER 500000 500000 2022-12 2025-06 5.550000000000 CARRYING A BUSINESS OR COMMERCIAL ENTERPRISE CINNAIRE LENDING CORPORATION LENDER 535000 532284 2023-02 2025-05 2.420000000000 CARRYING A BUSINESS OR COMMERCIAL ENTERPRISE CINNAIRE LENDING CORPORATION LENDER 124602 217441 2023-11 2025-12 7.000000000000 CARRYING A BUSINESS OR COMMERCIAL ENTERPRISE CINNAIRE LENDING CORPORATION LENDER 311097 0 2023-11 2024-08 4.000000000000 CARRYING A BUSINESS OR COMMERCIAL ENTERPRISE CINNAIRE LENDING CORPORATION LENDER 175000 0 2023-11 2024-08 7.000000000000 CARRYING A BUSINESS OR COMMERCIAL ENTERPRISE CINNAIRE LENDING CORPORATION LENDER 612000 651790 2021-06 2025-08 4.000000000000 CARRYING A BUSINESS OR COMMERCIAL ENTERPRISE CINNAIRE LENDING CORPORATION LENDER 419987 274250 2023-11 2025-08 4.000000000000 CARRYING A BUSINESS OR COMMERCIAL ENTERPRISE CINNAIRE LENDING CORPORATION LENDER 212021 228589 2021-06 2025-12 6.060000000000 CARRYING A BUSINESS OR COMMERCIAL ENTERPRISE CINNAIRE LENDING CORPORATION LENDER 338847 270744 2021-06 2025-12 6.060000000000 CARRYING A BUSINESS OR COMMERCIAL ENTERPRISE THE HOUSING PARTNERSHIP FUND INC LENDER 25000 141417 2024-04 2027-06 4.500000000000 CARRYING A BUSINESS OR COMMERCIAL ENTERPRISE CINNAIRE CORPORATION LENDER 1500000 629157 2024-05 2026-05 7.500000000000 CARRYING A BUSINESS OR COMMERCIAL ENTERPRISE FIFTH THIRD BANK NATIONAL ASSOCIATION LENDER 1800000 1800000 2022-09 2026-12 6.075000000000 CARRYING A BUSINESS OR COMMERCIAL ENTERPRISE CINNAIRE LENDING CORPORATION LENDER 2000000 209455 2024-01 2020-11 6.750000000000 CARRYING A BUSINESS OR COMMERCIAL ENTERPRISE CINNAIRE LENDING CORPORATION LENDER 839371 611112 2025-04 2027-06 7.000000000000 CARRYING A BUSINESS OR COMMERCIAL ENTERPRISE PRE-DEVELOPMENT COSTS 5717525 6484231 6484231 OFFICE EXPENSES 213157 33014 180144 0 PROPERTY TAXES 2047 317 1730 0 ADMINISTRATIVE 14003 2169 11834 0 PREDEVELOPMENT COSTS 154816 23978 130838 0 REIMBURSABLE EXPENSE 75820 11743 64077 0 DEVELOPMENT CONSULTANTS 480049 74350 405699 0 DEVELOPER SERVICE FEE INCOME 4970625 4970625 CONSULTANT FEE 100000 100000 PARTNERSHIP MGMT FEES 24942 24942 INCENTIVE MGMT FEE 4882 4882 MISCELLANEOUS INCOME 252 252 DEBT-TO-EQUITY CONVERSION FROM INTERRELATED NON-PROFIT (SEE SCHEDULE O) 1500000