Cinnaire Lending Corporation
Cinnaire Lending Corporation
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About this organization
Mission
Cinnaire is guided by an unwavering belief that all people deserve the opportunities provided by living in healthy communities. Since 1993, Cinnaire has invested $3.7 billion toward that goal, resulting in more than $7 billion in community impact. A non-profit community development financial institution (CDFI) certified by the U.S. Department of Treasury, Cinnaire has supported 676 housing developments, provided 47,000 affordable apartment homes and created or retained more than 65,000 jobs. Headquartered in Lansing, MI, with offices in five states, Cinnaire provides access to investment funding, lending options and title services that support community and economic development, creating stable, sustainable and vibrant communities.
About
To provide services to affordable housing providers as well as promote community and economic development opportunities.
Interesting data from their 2020 990 filing
The purpose of the non-profit is stated in the filing as “To raise and deploy capital to support the development of healthy and vibrant neighborhoods in order to improve the quality of life for residents of these communities.”.
Their activities were defined as: “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 neighborhoods.”.
- As per legal requirements, the non-profit's state of operation is reported as MI.
- The non-profit's address in 2020 as per the filing is 1118 S WASHINGTON AVE, LANSING, MI, 48910.
- The form of the non-profit organization shows 0 employees as of 2020.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $4,894,930.
- The organization has 6 independent voting members.
- The organization was formed in 2002.
- The organization pays $1,546,874 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
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