2022-11-15T21:32:41-06:00 2021-12-31 381357951 PLANTE & MORAN PLLC 8181 E TUFTS AVE SUITE 600 DENVER CO 80237 990PF 2021-01-01 383126310 CINNAIRE CORPORATION CINN 5174828555 1118 S WASHINGTON AVENUE LANSING MI 48910 BRETT OUMDEIAN CFO 5174828555 2022-11-15 1 BRETT OUMDEIAN 999009999 DORI J EGGETT P00645252 3037409400 2022-11-15 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z X 74619323 X 2649309 123596 123596 123596 20519 447985 20519 20519 19057296 582218 19057296 21850720 726333 19201411 4718587 17557 4701030 0 5540774 0 5540774 0 1926546 0 1926546 0 175351 0 175351 0 125190 6260 118931 0 1629064 79006 1550058 0 719347 0 719347 0 56149 0 25440 0 134820 0 134820 501934 25097 476837 0 237442 0 237442 0 3165056 0 3165056 0 18930260 127920 18771632 0 411327 411327 19341587 127920 18771632 411327 2509133 598413 429779 19715139 15639676 15639676 25123817 7472627 12537791 17651190 17651190 848508 626896 626896 0 5096848 5096848 0 557558 557558 13800000 13367241 13367241 3280298 1895078 552630 1385220 1385220 16481444 20294694 20294694 63935512 74619323 74619323 9153782 9993255 116809 306366 21812743 28882981 31083334 39182602 X 0 0 0 0 32852178 35436721 32852178 35436721 63935512 74619323 32852178 2509133 86464 35447775 11054 35436721 PUBLICLY TRADED SECURITIES P 447985 427466 20519 20519 20519 20519 8318 0 8318 0 8318 13480 0 0 0 13480 3 5159 5159 0 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 CHEIF EXECUTIVE OFFICER 40.00 1172598 40516 0 KEVIN CRAWLEY 1118 S WASHINGTON AVENUE LANSING MI 48910 CHIEF OPERATING OFFICER 40.00 545513 40516 0 JAMES PEFFLEY 1118 S WASHINGTON AVENUE LANSING MI 48910 CHIEF STRATEGY OFFICER 40.00 514742 40516 0 JAMES LOGUE 1118 S WASHINGTON AVENUE LANSING MI 48910 EXECUTIVE VICE PRESIDENT 40.00 383192 40516 0 JENNIFER EVERHART 1118 S WASHINGTON AVENUE LANSING MI 48910 EXECUTIVE VICE PRESIDENT 40.00 332520 40516 0 SUSAN FRANK 1118 S WASHINGTON AVENUE LANSING MI 48910 EXECUTIVE VICE PRESIDENT 40.00 305861 40516 0 BRETT OUMEDIAN 1118 S WASHINGTON AVENUE LANSING MI 48910 CHIEF FINANCIAL OFFICER 40.00 351134 40516 0 RYAN ROBINSON 1118 S WASHINGTON AVENUE LANSING MI 48910 EXECUTIVE VICE PRESIDENT 40.00 285407 40149 0 KATHERINE FORTH 1118 S WASHINGTON AVENUE LANSING MI 48910 EXECUTIVE VICE PRESIDENT 40.00 274973 39314 0 DEBORAH TOBY 1118 S WASHINGTON AVENUE LANSING MI 48910 EXECUTIVE VICE PRESIDENT 40.00 261626 38246 0 LUCIUS VASSAR 1118 S WASHINGTON AVENUE LANSING MI 48910 EXECUTIVE VICE PRESIDENT 40.00 291021 40516 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 WILLIAM PERKINS 1118 S WASHINGTON AVENUE LANSING MI 48910 DIRECTOR 1.00 0 0 0 PAUL WEAVER 1118 S WASHINGTON AVENUE LANSING MI 48910 DIRECTOR/TREASURER 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 CARL RIEDY 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 1118 S WASHINGTON AVENUE LANSING MI 48910 DIRECTOR 1.00 0 0 0 ANNE MCCULLOCH 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 CATHERINE CAWTHON PART YEAR 1118 S WASHINGTON AVENUE LANSING MI 48910 DIRECTOR 1.00 0 0 0 RICKY LABER 1118 S WASHINGTON AVENUE LANSING MI 48910 FORMER EXECUTIVE VP 40.00 836670 17316 0 THOMAS EDMISTON 1118 S WASHINGTON AVENUE LANSING MI 48910 SENIOR VP 40.00 466016 40516 0 CHRISTOPHER LAURENT 1118 S WASHINGTON AVENUE LANSING MI 48910 SENIOR VP 40.00 270767 38977 0 MARK ERICKSON 1118 S WASHINGTON AVENUE LANSING MI 48910 GENERAL COUNSEL 40.00 264564 38481 0 CHRISTOPHER COX 1118 S WASHINGTON AVENUE LANSING MI 48910 FORMER EXECUTIVE VP 40.00 238773 17316 0 106 SMALL BUSINESS ASSOCIATION OF MICHIGAN 660 CASCADE WEST PARKWAY SE GRAND RAPIDS MI 49546 HEALTH INSURANCE 1226474 KUAK ROCK LLP PO BOX 30057 OMAHA NE 68103 LEGAL 299596 PLANTE & MORAN PLLC 16060 COLLECTIONS CENTER DR CHICAGO IL 60693 AUDIT/TAX 237034 LOOMIS EWERT PARSLEY DAVIS & GOTTING PC 124 W ALLEGAN STE 700 LANSING MI 48933 LEGAL 222333 LYMAN & SHEETS 2213 E GRAND RIVER LANSING MI 48901 INSURANCE 190782 22 CINNAIRE PROVIDES FLEXIBLE LOANS AND EQUITY CAPITAL TO EXPAND AND PRESERVE AFFORDABLE HOUSING IN UNDERSERVED COMMUNITIES. THESE INVESTMENTS REVITALIZE NEIGHBORHOODS, EMPOWER INDIVIDUALS AND CREATE ECONOMIC OPPORTUNITIES. 18771632 BELOW MARKET RATE LOANS TO ORGANIZATIONS TO ALLOW THEM TO DEVELOP AFFORDABLE HOUSING FOR LOW INCOME TENANTS. 3741644 3741644 5710797 16032238 0 21743035 0 0 21743035 326146 21416889 1070844 X 411327 3741644 4152971 X 429779 0 0 916355 1346134 365312 0 0 778902 1144214 4152971 4130072 2503682 1239000 12025725 411327 129237 117668 1037000 1695232 3741644 4000835 2386014 202000 10330493 0 0 713896 495125 551335 610903 2371259 0 0 0 0 X AKRON PUBLIC SCHOOLS FOR HARRIS JACKSON ELEMENTARY 10 N MAIN ST AKRON OH 44308 PC GENERAL SUPPORT 100 ALMOST HOME ANIMAL RESCUE 5600 WEST MAPLE RD STE B 204 WEST BLOOMFIELD MI 48322 PC GENERAL SUPPORT 100 ANDY'S ANGELS 3522 SCHEELE DR JACKSON MI 49202 PC GENERAL SUPPORT 2500 BADGERBOTS ROBOTICS CORPORATION 7615 DISCOVERY DR MIDDLETON WI 53562 PC GENERAL SUPPORT 1951 BALL STATE UNIVERSITY 2000 W UNIVERSITY AVE MUNCIE IN 47306 PC GENERAL SUPPORT 16640 BEYOND BASICS 23616 HUDSON ST DEARBORN MI 48124 PC GENERAL SUPPORT 1951 BRANDYWINE VALLEY FRIENDS OF THE CHILDREN PO BOX 9072 WILMINGTON DE 19809 PC GENERAL SUPPORT 20000 CAPITAL AREA HOUSING PARTNERSHIP 600 WEST MAPLE ST SUITE D LANSING MI 48906 PC GENERAL SUPPORT 1749 CINNAIRE LENDING CORPORATION (RESIDENT RELIEF FUND) 1118 S WASHINGTON AVE LANSING MI 48910 PC GENERAL SUPPORT 250838 COMMUNITIES FIRST INC 415 W COURT ST FLINT MI 48503 PC GENERAL SUPPORT 500 CYSTIC FIBROSIS FOUNDATION 4550 MONTGOMERY AVE SUITE 1100 N BETHESDA MD 20814 PC GENERAL SUPPORT 1000 FIRST BAPTIST CHURCH OF INDIANAPOLIS 8600 N COLLEGE AVE INDIANAPOLIS IN 46240 PC GENERAL SUPPORT 100 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 3500 JOHN BONER NEIGHBORHOOD CENTER 2236 EAST 10TH ST INDIANAPOLIS IN 46201 PC GENERAL SUPPORT 1749 KHEPRW INSTITUTE PO BOX 88856 INDIANAPOLIS IN 46208 PC GENERAL SUPPORT 1749 LATIN UNITED COMMUNITY HOUSING ASSOCIATION 3541 W NORTH AVE CHICAGO IL 60647 PC GENERAL SUPPORT 1951 LIVING & LEARNING ENRICHMENT CENTER 801 GRISWOLD NORTHVILLE MI 48167 PC GENERAL SUPPORT 10000 METROPOLITAN WILMINGTON URBAN LEAGUE 100 WEST 10TH SUITE 602 WILMINGTON DE 19801 PC GENERAL SUPPORT 1749 MICHIGAN ASSOCIATION OF UNITED WAYS 330 MARSHALL ST SUITE 211 LANSING MI 48912 PC GENERAL SUPPORT 30000 MICHIGAN CHILDREN'S TRUST FUND 235 S GRAND AVE STE 1411 LANSING MI 48933 PC GENERAL SUPPORT 7000 MY BLOCK MY HOOD MY CITY 47 W POLK STREET SUITE 100 CHICAGO IL 60605 PC GENERAL SUPPORT 1749 OTSEGO COUNTY COMMISSION ON AGING 120 GRANDVIEW BLVD GAYLORD MI 49735 PC GENERAL SUPPORT 200 SHELTERING WNGS CENTER FOR WOMEN 1251 SYCAMORE DANVILLE IN 46122 PC GENERAL SUPPORT 1951 SPARROW FOUNDATION 1322 E MICHIGAN AVE STE 204 LANSING MI 48912 PC GENERAL SUPPORT 250 WEST END NEIGHBORHOOD HOUSE INC 710 NORTH LINCOLN ST WILMINGTON DE 19805 PC GENERAL SUPPORT 1950 YOUTH BUILD BOSTON 27 CENTRE STREET ROXBURY MA 02119 PC GENERAL SUPPORT 100 411327 0 ACQUISITION FEES 8843175 NEW MARKET TAX CREDIT FEES 854559 DEVELOPMENT AND INVESTOR FEES 5040473 CONSULTING AND UNDERWRITING 139626 INTEREST INCOME-LOANS 582218 MISCELLANEOUS 3597245 14 123596 18 20519 0 144115 19057296 19201411 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 PRESERVATION NON-PROFIT HOUSING CORPORATION 1118 S WASHINGTON AVE LANSING MI 48910 125000 X 2 PROPERTY STABILIZATION INC 1118 S WASHINGTON AVE LANSING MI 48910 500000 X 3 CAPITAL DEVELOPMENT CORPORATION 1118 S WASHINGTON AVE LANSING MI 48910 895000 X 4 US DEPARTMENT OF THE TREASURY 1500 PENNSYLVANIA AVE WASHINGTON DC 20220 1129309 X ACCOUNTING & AUDIT 125190 6260 118931 0 AMERICAN INTL GROUP INC 6198 6198 AMERICAN TOWER CORP NEW 7605 7605 APOLLO GLOBAL MANAGEMENT 11154 11154 APPLE INC 21308 21308 BANK OF AMERICA CORP 11923 11923 BECTON DICKINSON & CO 8802 8802 BLACKSTONE INC 7634 7634 BOSTON PROPERTIES INC 3225 3225 BROADCOM INC 7985 7985 CISCO SYSTEMS INC 6717 6717 COCA- COLA COMPANY 9947 9947 COMCAST CORP CL A NEW 9613 9613 ECOLAB INC 7507 7507 EDISON INTL 5869 5869 ENBRIDGE INC 10200 10200 HOME DEPOT INC 11205 11205 JOHNSON & JOHNSON 9409 9409 JPMORGAN CHASE & CO 3959 3959 LINDE PLC 10739 10739 MASTERCARD INC 6827 6827 MERCK & COMPANY INC NEW 7511 7511 METLIFE INC 6249 6249 MICROSOFT CORP 25224 25224 MONDELEZ INTERNATIONAL 9217 9217 NESTLE S A 9545 9545 NEXTERA ENERGY INC 6442 6442 NORTHROP GRUMMAN CORP 6580 6580 ORACLE CORP 6541 6541 OTIS WORLDWIDE CORP 2177 2177 PFIZER INC 9094 9094 PIONEER NATURAL 6548 6548 PNC FINANCIAL SERVICES 6016 6016 PPG INDUSTRIES INC 11898 11898 PROCTER & GAMBLE CO 10306 10306 PUBLIC SERVICE 4538 4538 RAYTHEON TECHNOLOGIES 13856 13856 SEMPRA 7937 7937 TEXAS INSTRUMENTS INC 6031 6031 TRAVELERS COS INC 7352 7352 U S BANCORP DE 5729 5729 UNION PACIFIC CORP 8818 8818 UNITED PARCEL SERVICE 9217 9217 UNITEDHEALTH GROUP INC 10043 10043 VERIZON COMMUNICATIONS 7638 7638 VISA INC 8668 8668 VULCAN MATERIALS COMPANY 8511 8511 WALT DISNEY CO 6196 6196 WASTE MANAGEMENT INC 7510 7510 WILLIAMS COS INC 9765 9765 ZOETIS INC CL A 7321 7321 AMERICAN INTL GROUP INC 1820 1820 AMERICAN TOWER CORP NEW 2340 2340 APOLLO GLOBAL MANAGEMENT 3259 3259 APPLE INC 6393 6393 BANK OF AMERICA CORP 3559 3559 BECTON DICKINSON & CO 2515 2515 BLACKSTONE INC 2200 2200 BOSTON PROPERTIES INC 921 921 BROADCOM INC 1996 1996 CISCO SYSTEMS INC 1964 1964 COCA- COLA COMPANY 2960 2960 COMCAST CORP CL A NEW 2869 2869 ECOLAB INC 2346 2346 EDISON INTL 1706 1706 ENBRIDGE INC 3009 3009 HOME DEPOT INC 3320 3320 JOHNSON & JOHNSON 2737 2737 JPMORGAN CHASE & CO 1267 1267 LINDE PLC 3118 3118 MASTERCARD INC 2156 2156 MERCK & COMPANY INC NEW 2223 2223 METLIFE INC 1875 1875 MICROSOFT CORP 7399 7399 MONDELEZ INTERNATIONAL 2719 2719 NESTLE S A 2807 2807 NEXTERA ENERGY INC 1961 1961 NORTHROP GRUMMAN CORP 1935 1935 ORACLE CORP 1919 1919 OTIS WORLDWIDE CORP 609 609 PFIZER INC 2657 2657 PIONEER NATURAL 2001 2001 PNC FINANCIAL SERVICES 1805 1805 PPG INDUSTRIES INC 3449 3449 PROCTER & GAMBLE CO 3108 3108 PUBLIC SERVICE 1335 1335 RAYTHEON TECHNOLOGIES 4045 4045 SEMPRA 2381 2381 TEXAS INSTRUMENTS INC 1885 1885 TRAVELERS COS INC 2190 2190 U S BANCORP DE 1685 1685 UNION PACIFIC CORP 2519 2519 UNITED PARCEL SERVICE 2786 2786 UNITEDHEALTH GROUP INC 3013 3013 VERIZON COMMUNICATIONS 2286 2286 VISA INC 2601 2601 VULCAN MATERIALS COMPANY 2491 2491 WALT DISNEY CO 1859 1859 WASTE MANAGEMENT INC 2170 2170 WILLIAMS COS INC 2890 2890 ZOETIS INC CL A 2196 2196 0 0 5096848 5096848 INVESTMENT - SLP GREENHOUSE APTS FMV 3145328 3145328 INVESTMENT - SLP ART CENTER APTS FMV 1000 1000 INVESTMENT - SLP CHARRING SQUARE APTS FMV 1000 1000 INVESTMENT - ECONOMIC INTEREST PS3, LLC FMV 9885941 9885941 LAG ADJUSTMENT - JANNEY INVESTMENTS FMV 333972 333972 COMPUTER EQUIPMENT 653788 561987 91801 91801 OFFICE EQUIPMENT 16650 9435 7215 7215 FURNITURE & FIXTURES 388999 318314 70685 70685 LEASEHOLD IMPROVEMENTS 136475 46692 89783 89783 LAND IMPROVEMENTS 14540 2484 12056 12056 CAPITAL LEASE EQUIPMENT 948348 941583 6765 6765 LOAN FEES 45000 14583 30417 30417 CAPITALIZED INVESTMENT COSTS 1076498 0 1076498 1076498 LEGAL FEES 175351 0 175351 0 SECURITY DEPOSITS 21780 21780 21780 SERVICING RIGHTS 406388 498066 498066 INVESTMENT IN AFFILIATES 1116583 1096511 1096511 INTEREST RECEIVABLE 749163 143967 143967 PROGRAM-RELATED LOANS 14187530 18534370 18534370 OTHER ADJUSTMENT 11054 INSURANCE 192918 0 192918 0 OFFERING & ORG ALLOWANCE 257838 0 257838 0 OFFICE EXPENSES 907656 0 907656 0 MARKETING/SPONSORSHIPS 494804 0 494804 0 ISF PROVISION 467103 0 467103 0 MEALS 29121 0 29121 0 OTHER EXPENSES 409743 0 409743 0 BAD DEBT EXPENSE 398986 0 398986 0 CHARITABLE EXPENSES 6887 0 6887 0 ACQUISITION FEES 8843175 8843175 NEW MARKET TAX CREDIT FEES 854559 854559 DEVELOPMENT AND INVESTOR FEES 5040473 5040473 CONSULTING AND UNDERWRITING 139626 139626 INTEREST INCOME-LOANS 582218 582218 582218 MISCELLANEOUS 3597245 3597245 UNREALIZED GAIN ON INVESTMENTS 86464 CONSULTING 1629064 79006 1550058 0 INCOME TAX EXPENSE 30709 0 0 0 PERSONAL PROPERTY TAX 25440 0 25440 0