2020-11-17T17:03:08-06:00 2019-12-31 221478099 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990PF 2019-01-01 383126310 CINNAIRE CORPORATION CINN 5174828555 1118 S WASHINGTON AVENUE LANSING MI 489101647 BRETT S OUMEDIAN CFO 5174828555 2020-11-17 1 GLENN M SHELTON P00228007 3016529100 2020-11-17 209.59.242.22 2020-11-17 15:14:24 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 ED51204CCDE5992024BBD075C1131E42A7CCF017 2019 2021-04-22 16:20:28Z X 45241412 X X 624448 624448 624448 0 0 15717115 419863 15717115 16341563 1044311 16341563 4183709 171682 4183709 218244 5519323 226474 5519323 287917 1671727 0 1671727 90941 7239 0 7239 394 129050 2250 129050 7016 1253502 0 1253502 68190 35892 0 35892 1951 18915 0 8635 467 140229 0 140229 529248 21707 529248 27606 600714 0 600714 32680 3178207 0 3178207 172876 17267755 422113 17257475 908282 117668 117668 17385423 422113 17257475 1025950 -1043860 622198 0 32657000 19415846 19415846 13101310 2505619 9211000 10595691 10595691 169000 1219773 1219773 2102030 1586929 445000 515101 515101 9139000 13495001 13495001 51621000 45241412 45241412 8232000 8739596 166000 116809 9661000 3803708 18059000 12660113 X 0 0 0 0 33562000 32581299 33562000 32581299 51621000 45241412 33562000 -1043860 85337 32603477 22178 32581299 0 1239000 18327099 0.067605 5124943 26188195 0.195697 2337000 24133977 0.096834 4490340 8617189 0.521091 293145 7727172 0.037937 0.919164 0.183833 16540066 3040610 6222 3046832 2503682 12444 0 12444 0 12444 10080 0 0 10080 0 2364 0 0 0 0 0 0 0 0 0 0 1 1 MI IN 1 1 0 1 0 1 WWW.CINNAIRE.COM THE CORPORATION 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 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 807266 35273 1916 CHRISTOPHER COX 1118 S WASHINGTON AVENUE LANSING MI 489101647 CFO 40.00 593616 35273 1118 JAMES LOGUE III 1118 S WASHINGTON AVENUE LANSING MI 489101647 CPPO 40.00 590064 35273 4168 JAMES PEFFLEY 100 W 10TH STREET SUITE 502 WILMINGTON DE 19801 CSO 40.00 415834 35273 1678 KEVIN CRAWLEY 1118 S WASHINGTON AVENUE LANSING MI 489101647 COO 40.00 428675 35273 5394 JENNIFER EVERHART 1118 S WASHINGTON AVENUE LANSING MI 489101647 EXECUTIVE VICE PRESIDENT 40.00 300552 35273 2228 SUSAN FRANK 100 W 10TH STREET SUITE 502 WILMINGTON DE 19801 EXECUTIVE VICE PRESIDENT 40.00 271846 35273 15678 RICKY LABER 1118 S WASHINGTON AVENUE LANSING MI 489101647 EXECUTIVE VICE PRESIDENT 40.00 471515 35273 12714 MARGARET NOVAK 1118 S WASHINGTON AVENUE LANSING MI 489101647 EXECUTIVE VICE PRESIDENT 40.00 304341 35273 12001 CHRISTOPHER LAURENT 2 EAST MIFFLIN STREET SUITE 403 MADISON WI 53703 SENIOR VICE PRESIDEN 40.00 252825 34299 20149 THOMAS EDMISTON 1118 S WASHINGTON AVENUE LANSING MI 489101647 SENIOR VICE PRESIDEN 40.00 237212 33050 8010 LUCIUS VASSAR 2111 WOODWARD BLVD SUITE 600 DETROIT MI 48201 SENIOR VICE PRESIDEN 40.00 218673 31567 8740 VICKI MINCEY 1118 S WASHINGTON AVENUE LANSING MI 489101647 SENIOR VICE PRESIDEN 40.00 214841 31260 4553 KATHERINE FORTH 1118 S WASHINGTON AVENUE LANSING MI 489101647 SENIOR VICE PRESIDEN 40.00 201756 30213 10762 0 SMALL BUSINESS ASSOCIATION OF MICHIGAN 660 CASCADE WEST PARKWAY SE GRAND RAPIDS MI 495166407 HEALTH INSURANCE 1098445 JOHN HANCOCK RETIREMENT PLAN SERVICES LLC 200 BERKELEY ST BOSTON MA 02116 RETIREMENT 843725 OHIO NATIONAL LIFE PO BOX 3760 PITTSBURGH PA 15230 INSURANCE 250000 BANK OF AMERICA NA 555 CALIFORNIA STREET SAN FRANCISCO CA 94104 ADVISORY 173000 THOMAS ARNOLD PO BOX 15162 LANSING MI 48901 OFFICE RENT 171180 0 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. 17257475 BELOW MARKET RATE LOANS TO ORGANIZATIONS TO ALLOW THEM TO DEVELOP AFFORDABLE HOUSING FOR LOW INCOME TENANTS. 1477732 1477732 7570268 9221677 0 16791945 0 0 16791945 251879 16540066 827003 X 1025950 1477732 2503682 0 2503682 X 0 916355 5383221 151517 6451093 0 778902 4575738 128789 5483429 2503682 1239000 5124943 2337000 11204625 117668 1037000 1148221 0 2302889 2386014 202000 3976722 2337000 8901736 0 0 551335 610903 4000000 804466 5966704 0 0 0 0 X 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 1220 ANN ARBOR WOMEN'S GROUP PO BOX 3422 ANN ARBOR MI 48106 PC GENERAL SUPPORT 1200 CHILDREN'S FOUNDATION 3011 W GRAND BLVD DETROIT MI 48202 PC GENERAL SUPPORT 6700 CHILDREN'S TRUST FUND OF MICHIGAN 235 S GRAND AVE LANSING MI 48933 PC GENERAL SUPPORT 3950 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 1000 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 50000 ELE'S PLACE 1145 W OAKLAND AVENUE LANSING MI 48915 PC GENERAL SUPPORT 1200 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 1200 GREATER LANSING FOOD BANK 2116 MINT RD LANSING MI 48906 PC GENERAL SUPPORT 1000 HABITAT FOR HUMANITY OF NEW CASTLE COUNTY 1920 HUTTON ST WILMINGTON DE 19802 PC GENERAL SUPPORT 1220 HAVEN HOUSE 121 WHITEHILLS DR EAST LANSING MI 48823 PC GENERAL SUPPORT 6424 HOLY CROSS SERVICES-NEW HOPE COMMUNITY CENTER 414 N LARCH ST LANSING MI 48912 PC GENERAL SUPPORT 3000 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 1200 INNER CITY CHRISTIAN FEDERATION 920 CHERRY ST SE GRAND RAPIDS MI 49506 PC GENERAL SUPPORT 1500 INNER CITY YOUTH FOR CHANGE PO BOX 19223 KALAMAZOO MI 49019 PC GENERAL SUPPORT 1000 LAWRENCE TECHNOLOGICAL UNIVERSITY-SCOTT A LARRY SCHOLARSHIP 21000 WEST TEN MILE RD SOUTHFIELD MI 48075 PC GENERAL SUPPORT 12000 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 1000 MCDANIEL-ALPENA BOYSGIRLS CLUBCOMMUNITIES 1STCAREFREE MED 601 RIVER ST ALPENA MI 49707 PC GENERAL SUPPORT 1520 MICHIGAN MUAY THAI ACADEMY 223 S FOSTER AVENUE LANSING MI 48910 PC GENERAL SUPPORT 3000 NORTHEAST NEIGHBORHOOD REVITALIZATION ORGANIZATION 803 LINCOLNWAY WEST SOUTH BEND IN 46616 PC GENERAL SUPPORT 1220 PELTONIA BIKE RACE 450 W BROAD ST COLUMBUS OH 43215 PC GENERAL SUPPORT 3000 PROJECT HOME 3841 KIPP ST MADISON WI 53718 PC GENERAL SUPPORT 1220 SCAN INC 500 W MAIN ST FORT WAYNE IN 46802 PC GENERAL SUPPORT 1220 SMALL TALK CHILDREN'S ADVOCACY CENTER 3400 PINE TREE RD LANSING MI 48911 PC GENERAL SUPPORT 1200 SPECIAL OLYMPICS FOUNDATION 2901 WABASH RD LANSING MI 48910 PC GENERAL SUPPORT 1062 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 3000 114368 0 ACQUISITION FEES 7836200 NEW MARKETS TAX CREDIT FEES 1098230 DEVELOPMENT AND INVESTOR FEES 5524769 CONSULTING AND UNDERWRITING 401209 FINANCIAL SERVICES LENDING FEES 436844 INTEREST INCOME-LOANS 419863 14 624448 0 624448 15717115 16341563 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 ACCOUNTING FEES 129050 2250 129050 7016 SEE STATEMENT DE-1 2017-01-01 2102030 1183339 200DB 5.000000000000 403590 0 420406 SEE STATEMENT DE-1 2102030 1586929 515101 LEGAL FEES 7239 0 7239 394 SECURITY DEPOSITS 16000 21780 21780 SERVICING RIGHTS 472000 398984 398984 INVESTMENT IN AFFILIATES 243000 2020466 2020466 INTEREST RECEIVABLE 260000 476629 476629 PROGRAM-RELATED LOANS 8148000 10577142 10577142 OTHER ADJUSTMENT 22178 INSURANCE 168274 0 168274 9150 OFFERING & ORG ALLOWANCE 317154 0 317154 17256 NEW MARKET TAX CREDIT 121 0 121 7 BAD DEBT EXPENSE 1245470 0 1245470 67750 LOAN LOSS PROVISION 119934 0 119934 6521 OFFICE EXPENSES 757417 0 757417 41198 MARKETING/SPONSORSHIPS 569837 0 569837 30994 ACQUISITION FEES 7836200 7836200 NEW MARKETS TAX CREDIT FEES 1098230 1098230 DEVELOPMENT AND INVESTOR FEES 5524769 5524769 CONSULTING AND UNDERWRITING 401209 401209 FINANCIAL SERVICES LENDING FEES 436844 436844 INTEREST INCOME-LOANS 419863 419863 419863 UNREALIZED GAIN ON INVESTMENTS 85337 CONSULTING FEE 1253502 0 1253502 68190 OTHER TAXES 8635 0 8635 467 EXCISE TAXES 10280 0 0 0