Cinnaire Lending Corporation

Organization Overview

Cinnaire Lending Corporation is located in Lansing, MI. The organization was established in 2004. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cinnaire Lending Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Cinnaire Lending Corporation generated $9.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $8.8m during the year ending 12/2021. While expenses have increased by 17.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO RAISE & DEPLOY CAPITAL TO SUPPORT THE DEVELOPMENT OF HEALTHY & VIBRANT NEIGHBORHOODS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO DEPLOY CAPITAL TO UNDERSERVED COMMUNITIES TO FUEL ECONOMIC DEVELOPMENT AND PROMOTE VIBRANT, HEALTHY COMMUNITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Kathy Kamp
Chair
$0
Adrian Brooks
Secretary/treasurer
$0
Brett Oumedian
CFO
$0
Josh Earn
Director
$0
Kenyetta Mccurdy-Byrd
Director
$0
Brett Macleod
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$250,838
Government grants $3,302,584
All other contributions, gifts, grants, and similar amounts not included above$1,727,680
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$5,281,102
Total Program Service Revenue$4,508,414
Investment income $109,830
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $9,899,346

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Cinnaire Lending Corporation has recieved totaling $3,250,000.

Awarding OrganizationAmount
Jp Morgan Chase Foundation

New York, NY

PURPOSE: IN SUPPORT OF NEIGHBORHOOD REVITALIZATION

$1,200,000
Jp Morgan Chase Foundation

New York, NY

PURPOSE: IN SUPPORT OF NEIGHBORHOOD REVITALIZATION

$800,000
Jp Morgan Chase Foundation

New York, NY

PURPOSE: IN SUPPORT OF NEIGHBORHOOD REVITALIZATION

$500,000
Jp Morgan Chase Foundation

New York, NY

PURPOSE: IN SUPPORT OF NEIGHBORHOOD REVITALIZATION

$500,000
Ford Foundation

New York, NY

PURPOSE: CORE SUPPORT FOR TAX CREDIT INVESTING, LENDING, AND REAL ESTATE DEVELOPMENT ASSISTANCE FOR COMMUNITY DEVELOPMENT AND GRASSROOTS ORGANIZATIONS IN DETROIT

$150,000
Alternative Foundation

Wilmington, DE

PURPOSE: MCDOUGALL HUNT SUSTAINABLE REDEVELOPMENT PLAN AND GENERAL FUND

$100,000
View Grant Recipient Profile

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