2025-11-14T10:00:13-06:00 2024-12-31 382157642 MANER COSTERISAN PC 2425 E GRAND RIVER SUITE 1 LANSING MI 489123291 990 2024-01-01 382822223 PRESERVATION NON-PROFIT HOUSING CORPORATION PRES 5174828555 1118 S WASHINGTON AVENUE LANSING MI 48910 BRETT OUMEDIAN CFO 5174828555 2025-11-07 1 1 AMBER RATHBUN CPA P01786612 5173237500 2025-11-07 2024 2025-03-06 01:10:19Z BRETT OUMEDIAN 1118 S WASHINGTON AVENUE LANSING MI 48910 202558 0 X N/A X 1988 MI TO ENCOURAGE ECONOMIC DEVELOPMENT THAT BENEFITS DISADVANTAGED PERSONS & DISTRESSED AREAS. 4 0 0 0 0 0 0 0 101383 106318 21423 96240 0 0 122806 202558 250000 0 0 0 0 0 0 0 0 1679551 282923 1929551 282923 -1806745 -80365 5216532 7482591 677681 2410226 4538851 5072365 X THE ORGANIZATION'S MISSION IS TO COMBAT COMMUNITY DETERIORATION, ELIMINATE SLUM AND BLIGHT, STIMULATE COMMUNITY REVITALIZATION, ENCOURAGE ECONOMIC DEVELOPMENT THAT BENEFITS DISADVANTAGED PERSONS AND DISTRESSED AREAS, AND TO ENGAGE WITH PARTNERS TO ENHANCE OUR ECONOMIC AND CULTURAL FUTURE THROUGH THE PRESERVATION OF HISTORIC BUILDINGS AS A POSITIVE FORCE FOR ECONOMIC DEVELOPMENT. 0 0 263405 106318 THE ORGANIZATION WHOLLY OWNS CINNAIRE PRESERVATION & REHABILITATION, LLC WHICH OWNS AN INTEREST IN A NUMBER OF MICHIGAN BROWNFIELD TAX CREDITS THAT ARE BEING MONETIZED BY THE STATE OF MICHIGAN WHICH HELPS STIMULATE COMMUNITY REVITALIZATION AND ENCOURAGE ECONOMIC DEVELOPMENT. 263405 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MI X BRETT OUMEDIAN 5174828555 1118 S WASHINGTON AVENUE LANSING MI 48910 DEB TOBY SECRETARY/TREASURER/DIRECTOR 1.00 40.00 X X 0 576441 34231 KEITH BROADNAX VICE-CHAIR/VICE-PRESIDENT 1.00 40.00 X X 0 269018 34443 LORA BRANTLEY-GILBERT CHAIR/VICE-PRESIDENT 1.00 40.00 X X 0 144310 26050 MIKE WITT PRESIDENT 1.00 40.00 X X 0 247517 38599 LUCIUS VASSAR ASSISTANT SECRETARY 1.00 40.00 X X 0 457997 44409 0 1695283 177732 0 0 1 0 0 FEE INCOME 541900 106318 106318 106318 96240 96240 202558 106318 0 96240 3500 3150 350 6487 5838 649 624 562 62 88749 79874 8875 LOSS FROM PARTNERSHIPS 87731 87731 PARTNERSHIP SERVICE EXP 60767 54691 6076 LOAN LOSS RESERVE ADJ. 35065 31559 3506 282923 263405 19518 0 4494 41256 120710 179596 481357 1154181 47068 74510 905333 0 905333 4562903 5089052 0 38663 5216532 7482591 62524 1347569 615157 1062657 677681 2410226 X 0 0 0 0 4538851 5072365 4538851 5072365 5216532 7482591 X -80365 613879 0 X 0 0 0 X 326302 1515706 41519 101383 106318 2091228 326302 1515706 41519 101383 106318 2091228 0 0 0 2091228 71947 18490 16539 21423 96240 224639 71947 18490 16539 21423 96240 224639 398249 1534196 58058 122806 202558 2315867 0.90300 0.90860 0.09700 0.09140 X 905333 905333 905333 INVESTMENT IN PROPERTIES 5089052 F 5089052 0 0 0 0 0 0 1 0 0 DEB TOBY SECRETARY/TREASURER/DIRECTOR 0 321009 0 255432 0 0 0 26400 0 7831 0 610672 0 0 LUCIUS VASSAR ASSISTANT SECRETARY 0 314409 0 143588 0 0 0 26400 0 18009 0 502406 0 0 KEITH BROADNAX VICE-CHAIR/VICE-PRESIDENT 0 179417 0 89601 0 0 0 19800 0 14643 0 303461 0 0 MIKE WITT PRESIDENT 0 181921 0 65596 0 0 0 20590 0 18009 0 286116 0 0 LORA BRANTLEY-GILBERT CHAIR/VICE-PRESIDENT 0 118750 0 25560 0 0 0 11542 0 14508 0 170360 0 0 PART I, LINE 6 THE CINNAIRE CORPORATION BONUS PAYMENT IS BASED ON YEAR-END NET INCOME AND IS DISCRETIONARY. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION WILL CIRCULATE A DRAFT FORM 990 TO THE BOARD OF DIRECTORS BEFORE THE 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE STAFF OF CINNAIRE CORPORATION AND UNDERSTAND CONFLICT OF INTEREST AND THE IMPORTANCE OF FOLLOWING THESE RULES IN AN EXEMPT ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 8: PRIOR PERIOD ADJUSTMENT TO ADJUST THE ENDING VALUES OF THE INVESTMENTS IN PARTNERSHIPS AND AFFILIATES TO ACTUAL. 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