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Nonprofit · EIN 38-3666288

CINNAIRE LENDING CORPORATION

Tax-exempt · LANSING, MI 48910

Financials

$17M$10.4M2023$19.3M$13.2M2024
Revenue Expenses · by fiscal year end
Financials of CINNAIRE LENDING CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$19,256,710$13,179,783$6,076,927$157,269,428$112,722,613$44,546,815
December 31, 2023990$17,020,561$10,410,556$6,610,005$130,855,621$92,385,733$38,469,888
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$8,421,930
of which government grants
$7,139,158
Program service revenue
$10,262,341
Investment income
$566,795
Other revenue
$5,644

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$6,991,525
Salaries, compensation and benefits (total)
$8,291,784
Professional fundraising fees
$0
Legal fees
$19,644
Accounting fees
$44,150
Occupancy
$163,075
Travel
$264,614
Program services (functional)
$10,411,898
Management and general (functional)
$2,767,885

Balance sheet and other

Total assets, start of year
$130,855,621
Total assets, end of year
$157,269,428
Total liabilities, end of year
$112,722,613
Net assets, end of year
$44,546,815
Net assets without donor restrictions
$21,858,404
Net assets with donor restrictions
$22,688,411
Gross receipts
$19,256,710
Employees
0
Volunteers
8
Year formed
2002
State of legal domicile
MI

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
KATHY KAMPCHAIR
Trustee or director, Officer
1$0
ADRIAN BROOKSSECRETARY/TREASURER
Trustee or director, Officer
1$0
MARK ANGELINIDIRECTOR
Trustee or director
1$0
JOSH EARNDIRECTOR
Trustee or director
1$0
KENYETTA MCCURDY-BYRDDIRECTOR
Trustee or director
1$0
BRETT MACLEODDIRECTOR
Trustee or director
1$0
JASON PAULATEERDIRECTOR
Trustee or director
1$0
AKOBE SANDY - PART YEARDIRECTOR
Trustee or director
1$0
MICHAEL J TAYLOR - PART YEARDIRECTOR
Trustee or director
1$0
QUINETTA ROBERSON CONNALLY - PART YDIRECTOR
Trustee or director
1$0
BRETT OUMEDIANCFO
Officer
1$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
KATHY KAMPCHAIR
Trustee or director, Officer
1$0
ADRIAN BROOKSSECRETARY/TREASURER
Trustee or director, Officer
1$0
MARK ANGELINIDIRECTOR
Trustee or director
1$0
JOSH EARNDIRECTOR
Trustee or director
1$0
KENYETTA MCCURDY-BYRDDIRECTOR
Trustee or director
1$0
BRETT MACLEODDIRECTOR
Trustee or director
1$0
JASON PAULATEERDIRECTOR
Trustee or director
1$0
MICHAEL J TAYLORDIRECTOR
Trustee or director
1$0
QUINETTA ROBERSON CONNALLYDIRECTOR TERM
Trustee or director
1$0
BRETT OUMEDIANCFO
Officer
1$0

Address and contacts

Address (IRS master file)
1118 S WASHINGTON AVE, LANSING, MI 48910-1659
In care of
% ELIZABETH A HUNTER
Principal officer (990 for 2024)
BRETT OUMEDIAN, 1118 S WASHINGTON AVE, LANSING, MI 48910
Signed the 990
BRETT OUMEDIAN, CFO
Phone
(517) 482-8555
Return prepared by
PLANTE & MORAN PLLC

Mission

CINNAIRE 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.

990 for the year ended December 31, 2024

Program accomplishments

  • TO DEPLOY CAPITAL TO UNDERSERVED COMMUNITIES TO FUEL ECONOMIC DEVELOPMENT AND PROMOTE VIBRANT, HEALTHY COMMUNITIES.
    Expenses $10,411,898 · revenue $10,267,985

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
38-3666288
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2004
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$157,269,428
Income (IRS master file)
$19,256,710

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$19,256,710$13,179,783$157,269,428IRS
990December 2023$17,020,561$10,410,556$130,855,621XML
990December 2022$12,692,635$9,591,248$102,169,099IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 38-3666288).

Questions about CINNAIRE LENDING CORPORATION

What is the EIN of CINNAIRE LENDING CORPORATION?
The employer identification number (EIN) of CINNAIRE LENDING CORPORATION is 38-3666288.
Is CINNAIRE LENDING CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
Are donations to CINNAIRE LENDING CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CINNAIRE LENDING CORPORATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of CINNAIRE LENDING CORPORATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CINNAIRE LENDING CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of CINNAIRE LENDING CORPORATION?
The 990 for the year ended December 31, 2024 names BRETT OUMEDIAN.
Who are the officers and directors of CINNAIRE LENDING CORPORATION?
The 990 for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
How much revenue does CINNAIRE LENDING CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $19,256,710, expenses of $13,179,783 and total assets of $157,269,428 at year end.

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