2023-11-15T15:30:21-06:00 2022-12-31 381357951 PLANTE & MORAN PLLC 8181 E TUFTS AVE SUITE 600 DENVER CO 80237 990PF 2022-01-01 383126310 CINNAIRE CORPORATION CINN 5174828555 1118 S WASHINGTON AVENUE LANSING MI 48910 BRETT OUMDEIAN CFO 5174828555 2023-11-15 1 BRETT OUMDEIAN 999009999 1 DORI J EGGETT P00645252 3037409400 2023-11-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X 75554015 X 12188000 288154 288154 288154 14797822 35799111 14797822 14797822 22558854 882306 22558854 49832830 15968282 37644830 3840162 20424 3819738 0 7938779 0 7938779 0 2342466 0 2342466 0 83656 0 83656 0 144808 7240 137568 0 2480625 168861 2311764 0 510082 0 510082 0 17345 0 17345 0 131048 0 131048 531337 26567 504770 0 596290 0 596290 0 3457999 0 3457999 0 22074597 223092 21851505 0 568306 568306 22642903 223092 21851505 568306 27189927 15745190 15793325 15639676 33499802 33499802 27728970 8225981 17651190 19502989 19502989 626896 382538 382538 5096848 3026398 3026398 557558 575250 575250 13367241 1401912 1401912 1836075 1077777 1385220 758298 758298 20294694 16406828 16406828 74619323 75554015 75554015 9993255 10885707 306366 284762 28882981 1465939 0 382553 39182602 13018961 X 0 0 0 0 35436721 62535054 35436721 62535054 74619323 75554015 35436721 27189927 1286 62627934 92880 62535054 PUBLICLY TRADED SECURITIES P 1805367 2140233 -334866 -334866 SALE OF REAL ESTATE PORTFOLIO P 33993744 18861056 15132688 15132688 14797822 14797822 218858 0 218858 0 218858 5159 0 10000 0 15159 105 203804 0 0 0 0 0 0 0 0 0 0 1 1 MI IN 1 1 0 0 0 1 WWW.CINNAIRE.COM BRETT OUMEDIAN 5174828555 1118 S WASHINGTON AVENUE LANSING MI 489331062 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MARK MCDANIEL 1118 S WASHINGTON AVENUE LANSING MI 48910 CHIEF EXECUTIVE OFFICER 40.00 960197 41898 0 DEBORAH TOBY 1118 S WASHINGTON AVENUE LANSING MI 48910 CHIEF HUMAN RESOURCE OFFICER 40.00 323582 39628 0 KEVIN CRAWLEY 1118 S WASHINGTON AVENUE LANSING MI 48910 CHIEF OPERATING OFFICER 40.00 541183 41898 0 JENNIFER EVERHART 1118 S WASHINGTON AVENUE LANSING MI 48910 EXECUTIVE VICE PRESIDENT 40.00 325509 41898 0 SUSAN FRANK 1118 S WASHINGTON AVENUE LANSING MI 48910 EXECUTIVE VICE PRESIDENT 40.00 358935 41898 0 BRETT OUMEDIAN 1118 S WASHINGTON AVENUE LANSING MI 48910 CHIEF FINANCIAL OFFICER 40.00 408478 41898 0 RYAN ROBINSON 1118 S WASHINGTON AVENUE LANSING MI 48910 EXECUTIVE VICE PRESIDENT 40.00 308175 41531 0 KATHERINE FORTH 1118 S WASHINGTON AVENUE LANSING MI 48910 EXECUTIVE VICE PRESIDENT 40.00 270213 40696 0 LUCIUS VASSAR 1118 S WASHINGTON AVENUE LANSING MI 48910 EXECUTIVE VICE PRESIDENT 40.00 343890 41898 0 WENDELL JOHNS 1118 S WASHINGTON AVENUE LANSING MI 48910 CHAIR 1.00 0 0 0 MICHAEL TAYLOR 1118 S WASHINGTON AVENUE LANSING MI 48910 DIRECTOR 1.00 0 0 0 CHRISTINE HOBBS 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 BRETT MACLEOD 1118 S WASHINGTON AVENUE LANSING MI 48910 DIRECTOR 1.00 0 0 0 QUINETTA ROBERSON CONNALLY 1118 S WASHINGTON AVENUE LANSING MI 48910 DIRECTOR 1.00 0 0 0 JEFFREY BENSON 1118 S WASHINGTON AVENUE LANSING MI 48910 DIRECTOR 1.00 0 0 0 JAMES PEFFLEY 1118 S WASHINGTON AVENUE LANSING MI 48910 FORMER CHIEF STRATEG 40.00 836300 41898 0 BEN STEHOUWER 1118 S WASHINGTON AVENUE LANSING MI 48910 SENIOR VP 40.00 311521 34948 0 CHRISTOPHER LAURENT 1118 S WASHINGTON AVENUE LANSING MI 48910 SENIOR VP 40.00 281199 40359 0 MATTHEW HODGES 1118 S WASHINGTON AVENUE LANSING MI 48910 SENIOR VP 40.00 256848 33573 0 JOSHUA GHENA 1118 S WASHINGTON AVENUE LANSING MI 48910 SENIOR VP 40.00 253529 33428 0 128 SMALL BUSINESS ASSOCIATION OF MICHIGAN 660 CASCADE WEST PARKWAY SE GRAND RAPIDS MI 49546 HEALTH INSURANCE 1848437 KUTAK ROCK LLP PO BOX 30057 OMAHA NE 68103 LEGAL 393452 PLANTE & MORAN PLLC 16060 COLLECTIONS CENTER DR CHICAGO IL 60693 AUDIT/TAX 234255 LYMAN & SHEETS 2213 E GRAND RIVER LANSING MI 48901 INSURANCE 196451 CLARK HILL PLC PO BOX 3760 PITTSBURGH PA 15230 LEGAL 181230 24 CINNAIRE PROVIDES EQUITY CAPITAL AND FLEXIBLE LOANS TO EXPAND AND PRESERVE AFFORDABLE HOUSING IN UNDERSERVED COMMUNITIES. THESE INVESTMENTS REVITALIZE NEIGHBORHOODS, EMPOWER INDIVIDUALS AND CREATE ECONOMIC OPPORTUNITIES. 21851505 0 3716331 22530813 0 26247144 0 0 26247144 393707 25853437 1292672 X 568306 0 568306 X 1292672 429779 0 0 1722451 1098771 365312 0 0 1464083 568306 4152971 4130072 2503682 11355031 568306 411327 129237 117668 1226538 0 3741644 4000835 2386014 10128493 0 0 861781 713896 495125 551335 2622137 0 0 0 0 X ALLEN NEIGHBORHOOD CENTER 1611 E KALAMAZOO ST LANSING MI 48912 PC DEBT FORGIVENESS 250000 ASPIRE RELATIONSHIP EDUCATION PO BOX 70094 LANSING MI 48908 PC GENERAL SUPPORT 2102 AVIS FORD INC 29200 TELEGRAPH RD SOUTHFIELD MI 48034 PC GENERAL SUPPORT 30000 BOYS & GIRLS CLUB OF ALPENA 601 RIVER ST ALPENA MI 49707 PC GENERAL SUPPORT 25000 CHAMPS MALE MENTORING PROGRAM PO BOX 19584 CHICAGO IL 60619 PC GENERAL SUPPORT 1797 CHRISTINA CULTURAL ARTS CENTER 705 NORTH MARKET STREET WILMINGTON DE 19801 PC GENERAL SUPPORT 2102 CLIMB USA 6666 ODANA RD STE 221 MADISON WI 53719 PC GENERAL SUPPORT 3594 COMMUNITY & HOME SUPPORTS INC 220 BAGLEY STREET STE 600 DETROIT MI 48226 PC GENERAL SUPPORT 3594 DOWNTOWN LANSING INC 112 S WASHINGTON SQUARE LANSING MI 48933 PC GENERAL SUPPORT 30000 GREATER LANSING AREA HOLIDAY COMMISSION PO BOX 24112 LANSING MI 48909 PC GENERAL SUPPORT 50000 HAVEN HOUSE 121 WHITEHILLS DR EAST LANSING MI 48823 PC GENERAL SUPPORT 3000 LACASA OF GOSHEN INC 202 NORTH COTTAGE AVENUE GOSHEN IN 46528 PC GENERAL SUPPORT 2102 LADIES OF VIRTUE NFP 1245 S MIGHIGAN AVE STE 149 CHICAGO IL 60605 PC GENERAL SUPPORT 1797 MADISON PUBLIC SCHOOLS FOUNDATION INC 20005 W BELTLINE HIGHWAY STE 203 MADISON WI 53713 PC GENERAL SUPPORT 2102 MICHIGAN ASSOCIATION OF UNITED WAYS 330 MARSHALL ST SUITE 211 LANSING MI 48912 PC GENERAL SUPPORT 50000 MICHIGAN CHILDREN'S TRUST FUND 235 S GRAND AVE STE 1411 LANSING MI 48933 PC GENERAL SUPPORT 18950 MICHIGAN HOUSING COUNCIL 124 W ALLEGAN ST STE 1900 LANSING MI 48933 PC GENERAL SUPPORT 1000 MISSION FIRST HOUSING GROUP 2042-48 ARCH ST PHILADELPHIA PA 19103 PC GENERAL SUPPORT 7500 NATIONAL CHURCH RESIDENCES FOUNDATION 2335 NORTH BANK DRIVE COLUMBUS OH 43220 PC GENERAL SUPPORT 10000 PAUL'S PLACE INC 1118 WARD STREET BALTIMORE MD 21230 PC GENERAL SUPPORT 3594 PELOTONIA LLC 41 S HIGH ST COLUMBUS OH 43215 PC GENERAL SUPPORT 5000 RUTH ELLIS CENTER INC 95 VICTOR ST HIGHLAND PARK MI 48203 PC GENERAL SUPPORT 2102 SAMARITAS 8131 E JEFFERSON AVE DETROIT MI 48214 PC GENERAL SUPPORT 2500 SERVIAM GIRLS ACADEMY 900 WASHINGTON ST WILMINGTON DE 19801 PC GENERAL SUPPORT 2885 SPARROW FOUNDATION 1322 E MICHIGAN AVE STE 204 LANSING MI 48912 PC GENERAL SUPPORT 1035 SPECIAL OLYMPICS MICHIGAN 1120 S MISSION STREET MT PLEASANT MI 48858 PC GENERAL SUPPORT 1050 STRIKEOUT BASEBALL 14232 WACOUSTA RD GRAND LEDGE MI 48837 PC GENERAL SUPPORT 50000 THE SOUTHERN POVERTY LAW CENTER 400 WASHINGTON AVE MONTGOMERY AL 36104 PC GENERAL SUPPORT 500 TRANSCENDENCE PERFORMING ARTS CENTER INC 317 VILLAGE DRIVE LANSING MI 48911 PC GENERAL SUPPORT 5000 568306 0 ACQUISITION FEES 10199437 NEW MARKET TAX CREDIT FEES 688778 DEVELOPMENT AND INVESTOR FEES 6089552 CONSULTING AND UNDERWRITING 54399 INTEREST INCOME-LOANS 882306 MISCELLANEOUS 239475 DISPOSITION FEES 3877483 FUND DISSOLUTION FEES 527424 14 288154 18 14797822 0 15085976 22558854 37644830 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. 0 0 0 0 0 0 0 0 0 0 X X 1 PROPERTY STABILIZATION INC 1118 S WASHINGTON AVE LANSING MI 48910 12188000 X ACCOUNTING & AUDIT 144808 7240 137568 0 AMERICAN INTL GROUP INC 7715 7715 AMERICAN TOWER CORP 6780 6780 APOLLO GLOBAL MANAGEMENT 13779 13779 APPLE INC 16891 16891 AVALONBAY COMMNTYS INC 7430 7430 BANK OF AMERICA CORP 11824 11824 BECTON DICKINSON & CO 13478 13478 BROADCOM INC 7269 7269 CHESAPEAKE ENERGY CORP 5757 5757 CISCO SYSTEMS INC 6860 6860 COCA-COLA COMPANY 11195 11195 COMCAST CORP CL A N 13359 13359 EDISON INTL 6871 6871 ENBRIDGE INC 14545 14545 EQT CORP 4364 4364 FREEPORT MCMORAN INC 3572 3572 GENERAL MOTORS CO 3028 3028 HOME DEPOT INC 11055 11055 INTEL CORP 4705 4705 JOHNSON & JOHNSON 13249 13249 JPMORGAN CHASE & CO 9923 9923 LINDE PLC 12721 12721 MASTERCARD 9041 9041 MERCK & COMPANY 10651 10651 METLIFE INC 6948 6948 MICROSOFT CORP 21584 21584 MONDELEZ INTERNATIONAL 10397 10397 NESTLE 9343 9343 NORTHROP GRUMMAN 7093 7093 ORACLE CORP 8337 8337 PFIZER INC 8711 8711 PIONEER NATURAL 5253 5253 PNC FINANCIAL SERVICES 6633 6633 PPG INDUSTRIES 8173 8173 PROCTER & GAMBLE 11670 11670 RAYTHEON TECHNOLOGIES 17055 17055 SAP SE 8049 8049 SEMPRA 9891 9891 TEXAS INSTRUMENTS INC 3304 3304 TRAVELERS COS INC 10312 10312 UNION PACIFIC CORP 9111 9111 UNITED PARCEL SERVICE 9214 9214 UNITEDHEALTH GROUP INC 9013 9013 VERIZON COMMUNICATIONS 6659 6659 VISA INC 9972 9972 VULCAN MATERIALS 10331 10331 WALT DISNEY CO 5300 5300 WASTE MANAGEMENT 6432 6432 WILLIAMS COS INC 14377 14377 AMERICAN INTL GROUP INC NEW 2023 2023 AMERICAN TOWER CORP NEW 1906 1906 APOLLO GLOBAL MANAGEMENT 3572 3572 APPLE INC 4287 4287 AVALONBAY COMMNTYS 1938 1938 BANK OF AMERICA 3013 3013 BECTON DICKINSON & CO 3306 3306 BROADCOM INC 1677 1677 CHESAPEAKE ENERGY CORP 1415 1415 CISCO SYSTEMS INC 1715 1715 COCA-COLA COMPANY 2735 2735 COMCAST CORP CL 2727 2727 EDISON INTL 1718 1718 ENBRIDGE INC 3675 3675 EQT CORP 1083 1083 FREEPORT MCMORAN 912 912 GENERAL MOTORS CO 774 774 HOME DEPOT INC 2527 2527 INTEL CORP 1136 1136 JOHNSON & JOHNSON 3356 3356 JPMORGAN CHASE & CO 2548 2548 LINDE PLC 3262 3262 MASTERCARD 2086 2086 MERCK & COMPANY 3218 3218 METLIFE INC 2171 2171 MICROSOFT CORP 5276 5276 MONDELEZ INTERNATIONAL 2733 2733 NESTLE 2307 2307 NORTHROP GRUMMAN 1637 1637 ORACLE CORP 2044 2044 PFIZER INC 2306 2306 PIONEER NATURAL 1599 1599 PNC FINANCIAL SERVICES 1579 1579 PPG INDUSTRIES 2012 2012 PROCTER & GAMBLE 2880 2880 RAYTHEON TECHNOLOGIES 4340 4340 SAP SE 2064 2064 SEMPRA 2318 2318 TEXAS INSTRUMENTS 826 826 TRAVELERS COS 2625 2625 UNION PACIFIC 2071 2071 UNITED PARCEL SERVICE 2260 2260 UNITEDHEALTH GROUP 2651 2651 VERIZON COMMUNICATIONS 1694 1694 VISA INC 2493 2493 VULCAN MATERIALS COMPANY 2627 2627 WALT DISNEY CO 1303 1303 WASTE MANAGEMENT INC 1883 1883 WILLIAMS COS INC 3718 3718 0 0 3026398 3026398 COST TO MARKET BALANCE ADJ - JANNEY INVESTMENTS FMV 1401912 1401912 COMPUTER EQUIPMENT 653788 638542 15246 15246 OFFICE EQUIPMENT 16650 10545 6105 6105 FURNITURE & FIXTURES 392804 339064 53740 53740 LEASEHOLD IMPROVEMENTS 136475 55790 80685 80685 LAND IMPROVEMENTS 14540 3211 11329 11329 CAPITAL LEASE EQUIPMENT 0 0 LOAN FEES 60000 30625 29375 29375 CAPITALIZED INVESTMENT COSTS 561818 0 561818 561818 LEGAL FEES 83656 0 83656 0 SECURITY DEPOSITS 21780 21780 21780 SERVICING RIGHTS 498066 500000 500000 INVESTMENT IN AFFILIATES 1096511 42800 42800 INTEREST RECEIVABLE 143967 189222 189222 PROGRAM-RELATED LOANS 18534370 14832360 14832360 OPERATING LEASE RIGHT OF USE ASSET 0 820666 820666 UNREALIZED GAIN ON INVESTMENTS 92880 INSURANCE 231581 0 231581 0 OFFERING & ORG ALLOWANCE 238471 0 238471 0 OFFICE EXPENSES 1003524 0 1003524 0 MARKETING/SPONSORSHIPS 773034 0 773034 0 ISF PROVISION 630909 0 630909 0 MEALS 152169 0 152169 0 OTHER EXPENSES 356401 0 356401 0 BAD DEBT EXPENSE 64290 0 64290 0 CHARITABLE EXPENSES 7620 0 7620 0 ACQUISITION FEES 10199437 10199437 NEW MARKET TAX CREDIT FEES 688778 688778 DEVELOPMENT AND INVESTOR FEES 6089552 6089552 CONSULTING AND UNDERWRITING 54399 54399 INTEREST INCOME-LOANS 882306 882306 882306 MISCELLANEOUS 239475 239475 DISPOSITION FEES 3877483 3877483 FUND DISSOLUTION FEES 527424 527424 OTHER ADJUSTMENT 1279 ROUNDING ADJUSTMENT 7 OPERATING LEASE LIABILITY` 0 382553 CONSULTING 2480625 168861 2311764 0 PERSONAL PROPERTY TAX 17345 0 17345 0