EIN 38-3666288

Cinnaire Lending Corporation

Name: Cinnaire Lending Corporation financials for 2022
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Lansing

State

Michigan

Year formed

2002

Most recent tax filings

2022-12-01

NTEE code, primary

S31: Urban, Community Economic Development

Description

Cinnaire Lending Corporation, a certified CDFI established in 2002, raises and deploys capital to support the development of healthy and vibrant neighborhoods, ultimately improving the quality of life for residents. Their mission is to fuel economic development and promote vibrant, healthy communities by deploying capital to underserved areas.

Also known as...

Capital Fund Services

Total revenues

$12,692,635

2022

Total expenses

$9,591,248

2022

Total assets

$102,169,099

2022

Num. employees

2022

Program areas at Cinnaire Lending Corporation

To deploy capital to underserved communities to fuel economic development and promote vibrant, healthy communities.

Who funds Cinnaire Lending Corporation

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Hillman Family Foundations	2022-12	Revolving Fund in Support of Loans for Allegheny County Affordable Housing Preservation	$5,000,000
The Ford Foundation	2022-12	Core Support for Tax Credit Investing, Lending, and Real Estate Development Assistance for Community Development and Grassroots Organizations in Detroit	$100,000

Personnel at Cinnaire Lending Corporation

Name	Title	Compensation	Date of data
Mark S. McDaniel	President and Chief Executive Officer		2023-01-24
Kevin Crawley	Chief Operating Officer		2023-01-24
Brett Oumedian	Chief Financial Officer	$0	2023-11-15
Deborah V. Toby	Chief Human Resources Officer and Chief Diversity Officer		2023-01-24
James Peffley	Chief Strategy Officer		2021-11-10
...and 41 more key personnel

Financials for Cinnaire Lending Corporation

Revenues	FYE 12/2022	FYE 12/2021	% Change
Total grants, contributions, etc.	$7,341,796	$5,281,102	39%
Program services	$4,896,024	$4,508,414	8.6%
Investment income and dividends	$454,815	$109,830	314.1%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$0	$0	-
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$0	-
Total revenues	$12,692,635	$9,899,346	28.2%

Form 990s for Cinnaire Lending Corporation

Fiscal year ending	Date received by IRS	Form	PDF link
2022-12	2023-11-15	990	View PDF
2021-12	2022-11-15	990	View PDF
2020-12	2021-11-08	990	View PDF
2019-12	2021-02-24	990	View PDF
2018-12	2020-01-22	990	View PDF
...and 9 more Form 990s

Organizations like Cinnaire Lending Corporation

Organization	Type	Location	Revenue
Washington Area Community Investment Fund	501(c)(3)	Washington, DC	$9,086,978
Bluehub Loan Fund	501(c)(3)	Boston, MA	$22,068,331
Coastal Enterprises (CEI)	501(c)(3)	Brunswick, ME	$13,614,519
Low Income Investment Fund (LIIF)	501(c)(3)	San Francisco, CA	$61,156,061
Boston Community Capital Venture Fund	501(c)(3)	Boston, MA	$7,927,140
Cincinnati Development Fund (CDF)	501(c)(3)	Cincinnati, OH	$10,309,687
Locus Impact Fund	501(c)(3)	Christiansburg, VA	$9,556,651
Accion Opportunity Fund Community Development	501(c)(3)	San Jose, CA	$58,948,332
Florida Community Loan Fund (FCLF)	501(c)(3)	Orlando, FL	$9,380,993
Ohio Community Development Finance Fund	501(c)(3)	Columbus, OH	$9,454,085

Data update history

December 28, 2023

Posted financials

Added Form 990 for fiscal year 2022

December 26, 2023

Received grants

Identified 1 new grant, including a grant for $100,000 from The Ford Foundation

December 24, 2023

Used new vendors

Identified 2 new vendors, including , and

July 16, 2023

Posted financials

Added Form 990 for fiscal year 2021

July 5, 2023

Updated personnel

Identified 1 new personnel

Nonprofit Types

Business and community development organizationsHeadquarter / parent organizationsCharities

Issues

Human servicesCommunity improvementHousingEconomic development

Characteristics

State / local levelReceives government fundingTax deductible donationsNo full-time employees

General information

Address: 1118 S Washington Ave; Lansing, MI 48910
Metro area: Lansing-East Lansing, MI
County: Ingham County, MI
Website URL: cinnaire.com/

IRS details

EIN: 38-3666288
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 2002
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: S31: Urban, Community Economic Development
NAICS code, primary: 522120: Savings Institutions
Parent/child status: Central organization

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Cinnaire Lending Corporation

Program areas at Cinnaire Lending Corporation

Who funds Cinnaire Lending Corporation

Personnel at Cinnaire Lending Corporation

Financials for Cinnaire Lending Corporation

Form 990s for Cinnaire Lending Corporation

Organizations like Cinnaire Lending Corporation

Nonprofits

Product

Customers

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