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Filing year 2023

CINNAIRE LENDING CORPORATION

Lansing, Michigan·EIN 38-3666288·NTEE L80 · Housing & Shelter·501(c)(3)
Total revenue
$17M
Total assets
$130.9M
Total expenses
$10.4M
Reported officers
10
Mission

CINNAIRE LENDING (CL), ESTABLISHED IN 2002, IS A CERTIFIED CDFI AND HAS A MISSION TO RAISE AND DEPLOY CAPITAL TO SUPPORT THE DEVELOPMENT OF HEALTHY AND VIBRANT COMMUNITIES IN ORDER TO IMPROVE THE QUALITY OF LIFE FOR RESIDENTS OF THESE COMMUNITIES. THE END GOAL IS TO IMPROVE THE QUALITY OF LIFE FOR RESIDENTS OF THESE COMMUNITIES. CL PROVIDES PRE-DEVELOPMENT, ACQUISITION, BRIDGE LOANS, AND PERMANENT FINANCING FOR MULTI-FAMILY RENTAL COMMUNITIES THAT SERVE LOW- AND MODERATE-INCOME PERSONS INCLUDING SPECIAL NEEDS POPULATIONS. IN ADDITION TO ITS FINANCING PRODUCTS, CL SUPPORTS COMMUNITY DEVELOPMENT BY CONSULTING WITH DEVELOPERS ON UTILIZING ALL AVAILABLE FINANCING SOURCES TO ENSURE THE LONG-TERM VIABILITY OF DEVELOPMENTS. CL TARGETS ITS CONSULTING SERVICES TO NON-PROFIT ORGANIZATIONS TO HELP NON-PROFITS BE AN INTEGRAL PARTNER IN DEVELOPMENTS IN THEIR COMMUNITIES.

Reported officers (all unpaid)

No paid executives reported in 2023. CINNAIRE LENDING CORPORATION reported 10 unpaid officers and board members on its 990.

Chair
Secretary/treasurer
Director
Director
Director
Director
Director
Director
Director Term
CFO

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Sector benchmark

What Housing & Shelter executives earn in Michigan

CINNAIRE LENDING CORPORATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable housing & shelter organization in Michigan earns a median of $69,471.

25th percentile
$41k
Median
$69,471
75th percentile
$98k
90th percentile
$157k

These are housing & shelter sector-wide figures, not this organization's reported pay. Based on 244 organizations across 244 filings (2022 – 2024).

See full Housing & Shelter pay data for Michigan
FAQ

Common questions about CINNAIRE LENDING CORPORATION

What are CINNAIRE LENDING CORPORATION's revenue and expenses?

In 2023, CINNAIRE LENDING CORPORATION reported $17M in total revenue and $10.4M in total expenses on its IRS Form 990.

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