CINNAIRE CORPORATION CINNAIRE: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- CINNAIRE CORPORATION CINNAIRE (EIN 38-3126310)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-11-17
- IRS object ID
- 202013229349101231
- Schema version
- 2019v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- Depreciation Schedule
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-11-17T17:03:08-06:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 221478099 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COHNREZNICK LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7501 WISCONSIN AVENUE SUITE 400E | AddressLine1Txt |
| City | BETHESDA | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 20814 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 383126310 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CINNAIRE CORPORATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CINN | BusinessNameControlTxt |
| Phone | 5174828555 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1118 S WASHINGTON AVENUE | AddressLine1Txt |
| City | LANSING | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 489101647 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BRETT S OUMEDIAN | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 5174828555 | PhoneNum |
| Signature | 2020-11-17 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | GLENN M SHELTON | PreparerPersonNm |
| PTIN | P00228007 | PTIN |
| Phone | 3016529100 | PhoneNum |
| Preparation | 2020-11-17 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 209.59.242.22 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-11-17 | IPDt |
| IP Tm | 15:14:24 | IPTm |
| IP Timezone | ES | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | ED51204CCDE5992024BBD075C1131E42A7CCF017 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-04-22 16:20:28Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $45,241,412 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $624,448 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $624,448 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $624,448 | InterestOnSavingsAdjNetIncmAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $0 | NetSTCapitalGainAdjNetIncmAmt |
| Other Income Rev And Expnss | $15,717,115 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $419,863 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $15,717,115 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $16,341,563 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,044,311 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $16,341,563 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $4,183,709 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $171,682 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $4,183,709 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $218,244 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $5,519,323 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $226,474 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $5,519,323 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $287,917 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $1,671,727 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Adj Net Incm | $1,671,727 | PensionEmplBnftAdjNetIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $90,941 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $7,239 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $7,239 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $394 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $129,050 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $2,250 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $129,050 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $7,016 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $1,253,502 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $0 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $1,253,502 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $68,190 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $35,892 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $0 | InterestNetInvstIncmAmt |
| Interest Adj Net Incm | $35,892 | InterestAdjNetIncmAmt |
| Interest Dsbrs Chrtbl | $1,951 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $18,915 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $8,635 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $467 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $140,229 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $140,229 | DeprecAndDpltnAdjNetIncmAmt |
| Occupancy Rev And Expnss | $529,248 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $21,707 | OccupancyNetInvstIncmAmt |
| Occupancy Adj Net Incm | $529,248 | OccupancyAdjNetIncmAmt |
| Occupancy Dsbrs Chrtbl | $27,606 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $600,714 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Adj Net Incm | $600,714 | TravConfMeetingAdjNetIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $32,680 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $3,178,207 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $3,178,207 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $172,876 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $17,267,755 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $422,113 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $17,257,475 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $908,282 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $117,668 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $117,668 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $17,385,423 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $422,113 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $17,257,475 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,025,950 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$1,043,860 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $622,198 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $32,657,000 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $19,415,846 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $19,415,846 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $13,101,310 | AcctRcvblAmt |
| Acct Rcvbl Allwnc Dbtfl Acct | $2,505,619 | AcctRcvblAllwncDbtflAcctAmt |
| Acct Rcvbl BOY | $9,211,000 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $10,595,691 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $10,595,691 | AcctRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $169,000 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $1,219,773 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $1,219,773 | PrepaidExpensesEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $2,102,030 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,586,929 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $445,000 | LandBOYAmt |
| Land EOY | $515,101 | LandEOYAmt |
| Land EOYFMV | $515,101 | LandEOYFMVAmt |
| Other Assets BOY | $9,139,000 | OtherAssetsBOYAmt |
| Other Assets EOY | $13,495,001 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $13,495,001 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $51,621,000 | TotalAssetsBOYAmt |
| Total Assets EOY | $45,241,412 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $45,241,412 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $8,232,000 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $8,739,596 | AccountsPayableEOYAmt |
| Deferred Revenue BOY | $166,000 | DeferredRevenueBOYAmt |
| Deferred Revenue EOY | $116,809 | DeferredRevenueEOYAmt |
| Mortgages And Notes Payable BOY | $9,661,000 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $3,803,708 | MortgagesAndNotesPayableEOYAmt |
| Total Liabilities BOY | $18,059,000 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $12,660,113 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $33,562,000 | RetainedEarningBOYAmt |
| Retained Earning EOY | $32,581,299 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $33,562,000 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $32,581,299 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $51,621,000 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $45,241,412 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $33,562,000 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$1,043,860 | ExcessRevenueOverExpensesAmt |
| Other Increases | $85,337 | OtherIncreasesAmt |
| Subtotal | $32,603,477 | SubtotalAmt |
| Other Decreases | $22,178 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $32,581,299 | TotNetAstOrFundBalancesEOYAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $1,239,000 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $18,327,099 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.067605 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $5,124,943 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $26,188,195 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.195697 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $2,337,000 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $24,133,977 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.096834 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $4,490,340 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $8,617,189 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.521091 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $293,145 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $7,727,172 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.037937 | DistributionYr5Rt |
| Total Distribution | 0.919164 | TotalDistributionRt |
| Average Distribution | 0.183833 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $16,540,066 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $3,040,610 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $6,222 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $3,046,832 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $2,503,682 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $12,444 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $12,444 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $12,444 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $10,080 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $10,080 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Tax Due | $2,364 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MI | OrgReportOrRegisterStateCd |
| Org Report Or Register State | IN | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (1) | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | Yes (1) | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.CINNAIRE.COM | WebsiteAddressTxt |
| Individual With Books | THE CORPORATION | IndividualWithBooksNm |
| Phone | 5174828555 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1118 S WASHINGTON AVENUE | AddressLine1Txt |
| City | LANSING | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 489331062 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (20 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| WENDELL JOHNS | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 489101647 | CHAIR | 1.00 | $0 | $0 | $0 |
| MICHAEL J TAYLOR | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 489101647 | TREASURER | 1.00 | $0 | $0 | $0 |
| JAMES W STRETZ | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 489101647 | VICE-CHAIR | 1.00 | $0 | $0 | $0 |
| CHRISTINE R HOBBS | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 489101647 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| CATHERINE A CAWTHON | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 489101647 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| WILLIAM C PERKINS | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 489101647 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| PAUL J WEAVER | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 489101647 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| DONALD F TUCKER | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 489101647 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| DERRICK COLLINS | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 489101647 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| CARL RIEDY | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 489101647 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| BRETT MACLEOD | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 489101647 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| MARK MCDANIEL | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 489101647 | PRESIDENT & CEO | 40.00 | $807,266 | $35,273 | $1,916 |
| CHRISTOPHER COX | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 489101647 | CFO | 40.00 | $593,616 | $35,273 | $1,118 |
| JAMES LOGUE III | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 489101647 | CPPO | 40.00 | $590,064 | $35,273 | $4,168 |
| JAMES PEFFLEY | ||||||||
| 100 W 10TH STREET SUITE 502 | WILMINGTON | DE | 19801 | CSO | 40.00 | $415,834 | $35,273 | $1,678 |
| KEVIN CRAWLEY | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 489101647 | COO | 40.00 | $428,675 | $35,273 | $5,394 |
| JENNIFER EVERHART | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 489101647 | EXECUTIVE VICE PRESIDENT | 40.00 | $300,552 | $35,273 | $2,228 |
| SUSAN FRANK | ||||||||
| 100 W 10TH STREET SUITE 502 | WILMINGTON | DE | 19801 | EXECUTIVE VICE PRESIDENT | 40.00 | $271,846 | $35,273 | $15,678 |
| RICKY LABER | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 489101647 | EXECUTIVE VICE PRESIDENT | 40.00 | $471,515 | $35,273 | $12,714 |
| MARGARET NOVAK | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 489101647 | EXECUTIVE VICE PRESIDENT | 40.00 | $304,341 | $35,273 | $12,001 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|---|
| CHRISTOPHER LAURENT | ||||||||
| 2 EAST MIFFLIN STREET SUITE 403 | MADISON | WI | 53703 | SENIOR VICE PRESIDEN | 40.00 | $252,825 | $34,299 | $20,149 |
| THOMAS EDMISTON | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 489101647 | SENIOR VICE PRESIDEN | 40.00 | $237,212 | $33,050 | $8,010 |
| LUCIUS VASSAR | ||||||||
| 2111 WOODWARD BLVD SUITE 600 | DETROIT | MI | 48201 | SENIOR VICE PRESIDEN | 40.00 | $218,673 | $31,567 | $8,740 |
| VICKI MINCEY | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 489101647 | SENIOR VICE PRESIDEN | 40.00 | $214,841 | $31,260 | $4,553 |
| KATHERINE FORTH | ||||||||
| 1118 S WASHINGTON AVENUE | LANSING | MI | 489101647 | SENIOR VICE PRESIDEN | 40.00 | $201,756 | $30,213 | $10,762 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| SMALL BUSINESS ASSOCIATION OF MICHIGAN | |||||
| 660 CASCADE WEST PARKWAY SE | GRAND RAPIDS | MI | 495166407 | HEALTH INSURANCE | $1,098,445 |
| JOHN HANCOCK RETIREMENT PLAN SERVICES LLC | |||||
| 200 BERKELEY ST | BOSTON | MA | 02116 | RETIREMENT | $843,725 |
| OHIO NATIONAL LIFE | |||||
| PO BOX 3760 | PITTSBURGH | PA | 15230 | INSURANCE | $250,000 |
| BANK OF AMERICA NA | |||||
| 555 CALIFORNIA STREET | SAN FRANCISCO | CA | 94104 | ADVISORY | $173,000 |
| THOMAS ARNOLD | |||||
| PO BOX 15162 | LANSING | MI | 48901 | OFFICE RENT | $171,180 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | 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. | Description1Txt |
| Expenses1 | $17,257,475 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | BELOW MARKET RATE LOANS TO ORGANIZATIONS TO ALLOW THEM TO DEVELOP AFFORDABLE HOUSING FOR LOW INCOME TENANTS. | Description1Txt |
| Expenses1 | $1,477,732 | Expenses1Amt |
| Total | $1,477,732 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $7,570,268 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $9,221,677 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $16,791,945 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $16,791,945 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $251,879 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $16,540,066 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $827,003 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,025,950 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $1,477,732 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $2,503,682 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $2,503,682 | AdjustedQualifyingDistriAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $916,355 | Year1Amt |
| Year2 | $5,383,221 | Year2Amt |
| Year3 | $151,517 | Year3Amt |
| Total | $6,451,093 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $778,902 | Year1Amt |
| Year2 | $4,575,738 | Year2Amt |
| Year3 | $128,789 | Year3Amt |
| Total | $5,483,429 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $2,503,682 | CurrentYearAmt |
| Year1 | $1,239,000 | Year1Amt |
| Year2 | $5,124,943 | Year2Amt |
| Year3 | $2,337,000 | Year3Amt |
| Total | $11,204,625 | TotalAmt |
Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $117,668 | CurrentYearAmt |
| Year1 | $1,037,000 | Year1Amt |
| Year2 | $1,148,221 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $2,302,889 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $2,386,014 | CurrentYearAmt |
| Year1 | $202,000 | Year1Amt |
| Year2 | $3,976,722 | Year2Amt |
| Year3 | $2,337,000 | Year3Amt |
| Total | $8,901,736 | TotalAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $551,335 | CurrentYearAmt |
| Year1 | $610,903 | Year1Amt |
| Year2 | $4,000,000 | Year2Amt |
| Year3 | $804,466 | Year3Amt |
| Total | $5,966,704 | TotalAmt |
Total Support TotalSupportGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Public Support Type PublicSupportType
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Largest Support From EO LargestSupportFromEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Gross Investment Income GrossInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (35 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| ALPENA BOYSGIRLS CLUB | ||||||
| 601 RIVER ST | ALPENA | MI | 49707 | PC | GENERAL SUPPORT | $500 |
| ANDY'S ANGELS | ||||||
| 2324 BROOKLYN RD | JACKSON | MI | 49203 | PC | GENERAL SUPPORT | $1,220 |
| ANN ARBOR WOMEN'S GROUP | ||||||
| PO BOX 3422 | ANN ARBOR | MI | 48106 | PC | GENERAL SUPPORT | $1,200 |
| CHILDREN'S FOUNDATION | ||||||
| 3011 W GRAND BLVD | DETROIT | MI | 48202 | PC | GENERAL SUPPORT | $6,700 |
| CHILDREN'S TRUST FUND OF MICHIGAN | ||||||
| 235 S GRAND AVE | LANSING | MI | 48933 | PC | GENERAL SUPPORT | $3,950 |
| CHRIST CHURCH RESTORATION FUND | ||||||
| 111 S HARRISON ST | EATON | MD | 21601 | PC | GENERAL SUPPORT | $100 |
| COMMONBOND COMMUNITIES | ||||||
| 1080 MONTREAL AVE | ST PAUL | MN | 55116 | PC | GENERAL SUPPORT | $1,000 |
| COMMUNITIES FIRST - DONATION | ||||||
| 415 W COURT ST | FLINT | MI | 48503 | PC | GENERAL SUPPORT | $250 |
| COMMUNITY AND HOME SUPPORTS | ||||||
| 2111 WOODWARD AVE | DETROIT | MI | 48201 | PC | GENERAL SUPPORT | $263 |
| DR MARTIN LUTHER KING JR COMMISSION | ||||||
| PO BOX 24112 | LANSING | MI | 48909 | PC | GENERAL SUPPORT | $50,000 |
| ELE'S PLACE | ||||||
| 1145 W OAKLAND AVENUE | LANSING | MI | 48915 | PC | GENERAL SUPPORT | $1,200 |
| FIRST NATIONAL BANK-SARAH'S CIRCLE DONATION | ||||||
| PO BOX 2818 | OMAHA | NE | 68103 | PC | GENERAL SUPPORT | $729 |
| GIRLS INC OF DELAWARE | ||||||
| 1501 N WALNUT ST | WILMINGTON | DE | 19801 | PC | GENERAL SUPPORT | $1,200 |
| GREATER LANSING FOOD BANK | ||||||
| 2116 MINT RD | LANSING | MI | 48906 | PC | GENERAL SUPPORT | $1,000 |
| HABITAT FOR HUMANITY OF NEW CASTLE COUNTY | ||||||
| 1920 HUTTON ST | WILMINGTON | DE | 19802 | PC | GENERAL SUPPORT | $1,220 |
| HAVEN HOUSE | ||||||
| 121 WHITEHILLS DR | EAST LANSING | MI | 48823 | PC | GENERAL SUPPORT | $6,424 |
| HOLY CROSS SERVICES-NEW HOPE COMMUNITY CENTER | ||||||
| 414 N LARCH ST | LANSING | MI | 48912 | PC | GENERAL SUPPORT | $3,000 |
| HOPE NETWORK-HOPE'S HEROES | ||||||
| 3075 ORCHARD VISTA DR | GRAND RAPIDS | MI | 49546 | PC | GENERAL SUPPORT | $650 |
| HOSPICE OF NORTH OTTAWA COMMUNITY | ||||||
| 1309 SHELDON RD | GRAND HAVEN | MI | 49417 | PC | GENERAL SUPPORT | $100 |
| IMPRESSION 5 SCIENCE CENTER | ||||||
| 200 MUSEUM DR | LANSING | MI | 48933 | PC | GENERAL SUPPORT | $1,200 |
| INNER CITY CHRISTIAN FEDERATION | ||||||
| 920 CHERRY ST SE | GRAND RAPIDS | MI | 49506 | PC | GENERAL SUPPORT | $1,500 |
| INNER CITY YOUTH FOR CHANGE | ||||||
| PO BOX 19223 | KALAMAZOO | MI | 49019 | PC | GENERAL SUPPORT | $1,000 |
| LAWRENCE TECHNOLOGICAL UNIVERSITY-SCOTT A LARRY SCHOLARSHIP | ||||||
| 21000 WEST TEN MILE RD | SOUTHFIELD | MI | 48075 | PC | GENERAL SUPPORT | $12,000 |
| LIVING AND LEARNING ENRICHMENT CENTER | ||||||
| 315 GRISWOLD ST | NORTHVILLE | MI | 48167 | PC | GENERAL SUPPORT | $500 |
| LORETTO ALUMNI ASSOCIATION-LORETTO MEMORIAL PLAQUE DONATION | ||||||
| PO BOX 70 | SAULT STE MARIE | MI | 49783 | PC | GENERAL SUPPORT | $1,000 |
| MCDANIEL-ALPENA BOYSGIRLS CLUBCOMMUNITIES 1STCAREFREE MED | ||||||
| 601 RIVER ST | ALPENA | MI | 49707 | PC | GENERAL SUPPORT | $1,520 |
| MICHIGAN MUAY THAI ACADEMY | ||||||
| 223 S FOSTER AVENUE | LANSING | MI | 48910 | PC | GENERAL SUPPORT | $3,000 |
| NORTHEAST NEIGHBORHOOD REVITALIZATION ORGANIZATION | ||||||
| 803 LINCOLNWAY WEST | SOUTH BEND | IN | 46616 | PC | GENERAL SUPPORT | $1,220 |
| PELTONIA BIKE RACE | ||||||
| 450 W BROAD ST | COLUMBUS | OH | 43215 | PC | GENERAL SUPPORT | $3,000 |
| PROJECT HOME | ||||||
| 3841 KIPP ST | MADISON | WI | 53718 | PC | GENERAL SUPPORT | $1,220 |
| SCAN INC | ||||||
| 500 W MAIN ST | FORT WAYNE | IN | 46802 | PC | GENERAL SUPPORT | $1,220 |
| SMALL TALK CHILDREN'S ADVOCACY CENTER | ||||||
| 3400 PINE TREE RD | LANSING | MI | 48911 | PC | GENERAL SUPPORT | $1,200 |
| SPECIAL OLYMPICS FOUNDATION | ||||||
| 2901 WABASH RD | LANSING | MI | 48910 | PC | GENERAL SUPPORT | $1,062 |
| THE VOICE FOR CLINTON COUNTY'S CHILDREN | ||||||
| 1207 OLD US 27 | ST JOHNS | MI | 48879 | PC | GENERAL SUPPORT | $20 |
| WAVERLY SCHOOLS | ||||||
| 4344 W MICHIGAN AVENUE | LANSING | MI | 48917 | PC | GENERAL SUPPORT | $3,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $114,368 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Program Service Rev Part VII ProgramServiceRevPartVIIGrp (6 entries)
| DescDesc | Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt |
|---|---|
| ACQUISITION FEES | $7,836,200 |
| NEW MARKETS TAX CREDIT FEES | $1,098,230 |
| DEVELOPMENT AND INVESTOR FEES | $5,524,769 |
| CONSULTING AND UNDERWRITING | $401,209 |
| FINANCIAL SERVICES LENDING FEES | $436,844 |
| INTEREST INCOME-LOANS | $419,863 |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $624,448 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $624,448 | ExclusionAmt |
| Related Or Exempt Function Incm | $15,717,115 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $16,341,563 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (2 entries)
| Line NumberLineNumberTxt | Relationship StatementRelationshipStatementTxt |
|---|---|
| 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. |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $129,050 | Amt |
| Net Investment Income | $2,250 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $129,050 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $7,016 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | SEE STATEMENT DE-1 | PropertyDesc |
| Acquired | 2017-01-01 | AcquiredDt |
| Cost Or Other Basis | $2,102,030 | CostOrOtherBasisAmt |
| Prior Year Depreciation | $1,183,339 | PriorYearDepreciationAmt |
| Computation Method | 200DB | ComputationMethodTxt |
| Life | 5.000000000000 | LifeRt |
| Current Year Expense | $403,590 | CurrentYearExpenseAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $420,406 | AdjustedNetIncomeAmt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | SEE STATEMENT DE-1 | CategoryOrItemTxt |
| Cost Or Other Basis | $2,102,030 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $1,586,929 | AccumulatedDepreciationAmt |
| Book Value | $515,101 | BookValueAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $7,239 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $7,239 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $394 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (5 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| SECURITY DEPOSITS | $16,000 | $21,780 | $21,780 |
| SERVICING RIGHTS | $472,000 | $398,984 | $398,984 |
| INVESTMENT IN AFFILIATES | $243,000 | $2,020,466 | $2,020,466 |
| INTEREST RECEIVABLE | $260,000 | $476,629 | $476,629 |
| PROGRAM-RELATED LOANS | $8,148,000 | $10,577,142 | $10,577,142 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER ADJUSTMENT | Desc |
| Amt | $22,178 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| INSURANCE | $168,274 | $0 | $168,274 | $9,150 |
| OFFERING & ORG ALLOWANCE | $317,154 | $0 | $317,154 | $17,256 |
| NEW MARKET TAX CREDIT | $121 | $0 | $121 | $7 |
| BAD DEBT EXPENSE | $1,245,470 | $0 | $1,245,470 | $67,750 |
| LOAN LOSS PROVISION | $119,934 | $0 | $119,934 | $6,521 |
| OFFICE EXPENSES | $757,417 | $0 | $757,417 | $41,198 |
| MARKETING/SPONSORSHIPS | $569,837 | $0 | $569,837 | $30,994 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (6 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| ACQUISITION FEES | $7,836,200 | $7,836,200 | |
| NEW MARKETS TAX CREDIT FEES | $1,098,230 | $1,098,230 | |
| DEVELOPMENT AND INVESTOR FEES | $5,524,769 | $5,524,769 | |
| CONSULTING AND UNDERWRITING | $401,209 | $401,209 | |
| FINANCIAL SERVICES LENDING FEES | $436,844 | $436,844 | |
| INTEREST INCOME-LOANS | $419,863 | $419,863 | $419,863 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAIN ON INVESTMENTS | Desc |
| Amt | $85,337 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | CONSULTING FEE | CategoryTxt |
| Amt | $1,253,502 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $1,253,502 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $68,190 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| OTHER TAXES | $8,635 | $0 | $8,635 | $467 |
| EXCISE TAXES | $10,280 | $0 | $0 | $0 |
Comments