2024-11-14T16:28:07-06:00 2023-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990PF 2023-01-01 383225995 CINNAIRE SOLUTIONS CORPORATION CINN 5174828555 1118 S WASHINGTON AVE LANSING MI 48910 BRETT OUMEDIAN CFO 5174828555 2024-11-14 1 0 BRITTANY PHILLIPS P01083761 3178485700 2023 2024-10-15 13:58:12Z X 25429824 X 4938102 562637 562637 -10327 166917 0 2148733 0 2148733 7639145 562637 2148733 0 0 0 0 2417145 410181 2006964 0 307931 52255 255676 0 48165 8173 39992 0 35900 6092 29808 0 247463 41994 205469 0 154917 26289 128628 0 61583 10450 51133 0 42449 7203 35246 0 3315553 562637 2752916 0 0 0 3315553 562637 2752916 0 4323592 0 0 1257144 1057099 1057099 3094240 2198884 3094240 3094240 21111757 0 14325559 21111757 21111757 63722 8647 8647 404072 394837 394837 2137296 2304213 2137296 2137296 -2823588 -2374052 -2374052 17730006 25429824 25429824 548106 714466 10067822 4880406 10615928 5594872 X 7114078 19834952 7114078 19834952 17730006 25429824 7114078 4323592 8397282 19834952 0 19834952 SALE OF LA JOYA LAND P 2022-09-02 2023-03-02 166917 166917 0 0 INVESTMENT OF MDV PARTNERS LLC P 2012-12-31 2023-01-01 10327 -10327 -10327 -10327 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 1 0 1 N/A BRETT OUMEDIAN 5175800144 1118 SOUTH WASHINGTON AVE LANSING MI 48910 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 PETER GILES 1118 S WASHINGTON AVE LANSING MI 48910 CHAIR 1.00 0 0 0 MARISSA DOWNS 1118 S WASHINGTON AVE LANSING MI 48910 VICE CHAIR 1.00 0 0 0 DONSIA STRONG HILL 1118 S WASHINGTON AVE LANSING MI 48910 SECRETARY/TREASURER 1.00 0 0 0 LUCIUS VASSAR 1118 S WASHINGTON AVE LANSING MI 48910 ASSISTANT SECRETARY 1.00 0 0 0 ELAINE MAGIL 1118 S WASHINGTON AVE LANSING MI 48910 VICE PRESIDENT 1.00 0 0 0 BRETT OUMEDIAN 1118 S WASHINGTON AVE LANSING MI 48910 CFO 1.00 0 0 0 DANIEL DIERLAM 1118 S WASHINGTON AVE LANSING MI 48910 TRUSTEE 1.00 0 0 0 DERRICK COLLINS 1118 S WASHINGTON AVE LANSING MI 48910 TRUSTEE 1.00 0 0 0 DONALD F TUCKER 1118 S WASHINGTON AVE LANSING MI 48910 TRUSTEE 1.00 0 0 0 RAHEEMAH JABBAR-BEY 1118 S WASHINGTON AVE LANSING MI 48910 TRUSTEE 1.00 0 0 0 GARY SANDS 1118 S WASHINGTON AVE LANSING MI 48910 FORMER SECRETARY/TREASURER 1.00 0 0 0 BOB BECK 1118 S WASHINGTON AVE LANSING MI 48910 FORMER VICE PRESIDENT 1.00 0 0 0 NONE 0 CINNAIRE CORPORTATION 1118 S WASHINGTON AVE LANSING MI 48910 CONSULTING SERVICES-DEVELOPMENT 2725076 0 TO BUILD, DEVELOP, CONSTRUCT, FINANCE, OWN AND OPERATE HOUSING AFFORDABLE FOR LOW-INCOME FAMILIES. THE ORGANIZATION IS THE GENERAL PARTNER OF SEVERAL LOW INCOME HOUSING DEVELOPMENTS. IT IS CURRENTLY WORKING ON STRATEGIES TO RE-CAPITALIZE MANY OF THESE DEVELOPMENTS THROUGH THE LOW-INCOME HOUSING TAX CREDIT PROGRAM. THIS WILL BRING NEEDED PHYSICAL IMPROVEMENTS TO THE AREA AT AN AFFORDABLE PRICE AS THE RENTS ARE SET AT A LEVEL OF 60% OF AREA MEDIAN INCOME. 3069774 TO ELIMINATE PREJUDICE AND DISCRIMINATION AND LESSEN NEIGHBORHOOD TENSIONS BY OFFERING AFFORDABLE HOUSING TO FAMILIES OF LOW-INCOME WHO ARE UNABLE TO OBTAIN ADEQUATE HOUSING BECAUSE OF DISCRIMINATION. 0 TO COMBAT COMMUNITY DETERIORATION BY OFFERING AFFORDABLE HOUSING TO LOW-INCOME RESIDENTS OF A DETERIORATED CITY UNDERGOING REDEVELOPMENT WHERE THE MEDIAN INCOME LEVEL IS LOWER THAN OTHER AREAS AND THE RESIDENTS UNDERTAKE AN INITIATIVE TO ENSURE THEMSELVES DECENT HOUSING WITHOUT UNDERGOING RELOCATION. 0 TO PERFORM ALL ACTS INCIDENTAL, CONDUSIVE, OR NECESSARY TO THE ATTAINMENT OF THE FOREGOING OBJECTIVES; AND FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501 (C)(3) OF THE IRC AS AMENDED, OR CORRESPONDING SECTION OF ANY FUTURE CODE. 0 0 0 1157118 0 1157118 0 0 1157118 17357 1139761 56988 X 0 0 0 2001-11-06 X 0 51301 0 0 51301 0 43606 0 0 43606 0 0 0 27660 27660 0 0 0 0 0 0 0 0 27660 27660 25579821 17880002 18641649 18222031 80323503 25579821 17880002 18641649 18222031 80323503 0 0 0 0 0 X 0 0 14 562637 -10327 DEVELOPER SERVICE FEE INCOME 1875480 PARTNERSHIP DISTRIBUTION INCOME 2262 PARTNERSHIP MGMT FEES 28600 CORPORATE SERVICE FEE 180000 MISCELLANEOUS INCOME 62391 0 562637 2138406 2701043 11A INCOME AND LOSSES GENERATED IN CURRENT YEAR ARE DIRECTLY ATTRIBUTABLE 11B TO THE BUILDING, DEVELOPMENT,CONSTRUCTION, AND FINANCING OF AFFORDABLE 11C HOUSING TO LOW-INCOME FAMILIES. 1A INCOME GENERATED IN THE CURRENT YEAR FROM THE OWNERSHIP (100%) AND 11D OPERATION OF HOUSING AFFORDABLE FOR LOW-INCOME FAMILIES. 0 0 0 0 0 0 0 0 0 0 X X 1 JOHNSON BANK 5201 EAST TERRACE DRIVE SUITE 100 MADISON WI 53718 540000 X 2 TOWN BANK 850 WEST NORTH SHORE DRIVE HARTLAND WI 53029 480000 X 3 IFF 333 SOUTH WABASH AVENUE CHICAGO IL 60604 638787 X 4 CITY OF MILWAUKEE 200 EAST WELLS STREET MILWAUKEE WI 53202 777397 X 5 THE ECONOMIC DEVELOPMENT COPORATION OF THE CITY OF DETRIOT 500 GRISWOLD SUITE 2200 DETRIOT MI 48226 500000 X 6 FLAGSTAR BANK 5151 CORPORATE DRIVE TROY MI 48098 500000 X 7 CITY OF EAU CLAIRE 203 S FARWELL ST PO BOX 5148 EAU CLAIRE WI 54702 1500000 X ACCOUNTING FEES 35900 6092 29808 0 LIST OF CONTROLLED ENTITIES FORM 990-PF, PART VII-A, LINE 11: NAME OF CONTROLLED ENTITY: TRILOGY GP, INC.EMPLOYER ID NO: 46-1614937ADDRESS: 1118 SOUTH WASHINGTON AVENUE LANSING, MI 48910EXCESS BUSINESS HOLDING: NO----------------------------------------------------------------------------NAME OF CONTROLLED ENTITY: LINCOLN APARTMENTS LLCEMPLOYER ID NO: 80-0764045ADDRESS: 1118 SOUTH WASHINGTON AVENUE LANSING, MI 48910EXCESS BUSINESS HOLDING: NO----------------------------------------------------------------------------NAME OF CONTROLLED ENTITY: WV LIMITED DIVIDEND HOUSING ASSOCIATION LLCEMPLOYER ID NO: 27-4446356ADDRESS: 1118 SOUTH WASHINGTON AVENUE LANSING, MI 48910EXCESS BUSINESS HOLDING: NO 168H ELECTIONS MADE BY CORPORATIONS FORM 990-PF M&C HOUSING PARTNERS, LLC1118 SOUTH WASHINGTON AVENUELANSING, MI 48910EIN: 86-2132533FORM 4562: DEPRECIATION AND AMORTIZATION ELECTION UNDER INTERNAL REVENUE CODE SECTION 168(H)(6)(F)(II) PURSUANT TO TREASURY REGULATIONS SECTION 301.9100-7T(A)(2)(I) AND (3), M&C HOUSING PARTNERS, LLC, A FOR PROFIT SUBSIDIARY OF CINNAIRE SOLUTIONS CORPORATION, A MICHIGAN NONSTOCK CORPORATION, HEREBY ELECTS UNDER INTERNAL REVENUE CODE SECTION 168(H)(6)(F)(II) AS FOLLOWS: (I) NOT TO BE TREATED AS A TAX-EXEMPT ENTITY FOR PURPOSES OF INTERNAL REVENUE CODE SECTIONS 168(H)(5) AND (6), AND (II) TO TREAT ANY GAIN RECOGNIZED BY ITS TAX-EXEMPT PARENT ON ANY DISPOSITION OF AN INTEREST IN IT (AND TO TREAT ANY DIVIDEND OR INTEREST RECEIVED OR ACCRUED BY ITS TAX-EXEMPT PARENT FROM IT AS UNRELATED BUSINESS TAXABLE INCOME UNDER INTERNAL REVENUE CODE SECTION 511. M&C HOUSING PARTNERS, LLC, A MICHIGAN LIMITED LIABILITY COMPANY BY: CINNAIRE SOLUTIONS CORPORATION, A MICHIGAN NONPROFIT CORPORATION, ITS MANAGER ANDMARINERS INN, A MICHIGAN NONPROFIT CORPORATION, ITS MANAGER 168H ELECTIONS MADE BY CORPORATIONS FORM 990-PF CSC ST. MATTHEW, LLC1118 SOUTH WASHINGTON AVENUELANSING, MI 48910EIN: 93-2433640FORM 4562: DEPRECIATION AND AMORTIZATION ELECTION UNDER INTERNAL REVENUE CODE SECTION 168(H)(6)(F)(II) PURSUANT TO TREASURY REGULATIONS SECTION 301.9100-7T(A)(2)(I) AND (3), CSC ST. MATTHEW, LLC, A FOR PROFIT SUBSIDIARY OF CINNAIRE SOLUTIONS CORPORATION, A MICHIGAN NONSTOCK CORPORATION, HEREBY ELECTS UNDER INTERNAL REVENUE CODE SECTION 168(H)(6)(F)(II) AS FOLLOWS: (I) NOT TO BE TREATED AS A TAX-EXEMPT ENTITY FOR PURPOSES OF INTERNAL REVENUE CODE SECTIONS 168(H)(5) AND (6), AND (II) TO TREAT ANY GAIN RECOGNIZED BY ITS TAX-EXEMPT PARENT ON ANY DISPOSITION OF AN INTEREST IN IT (AND TO TREAT ANY DIVIDEND OR INTEREST RECEIVED OR ACCRUED BY ITS TAX-EXEMPT PARENT FROM IT AS UNRELATED BUSINESS TAXABLE INCOME UNDER INTERNAL REVENUE CODE SECTION 511. CSC ST. MATTHEW, LLC, A MICHIGAN LIMITED LIABILITY COMPANY BY: CINNAIRE SOLUTIONS CORPORATION, A MICHIGAN NONPROFIT CORPORATION, ITS MANAGER 168H ELECTIONS MADE BY CORPORATIONS FORM 990-PF CS GRPC II MANAGER, LLC1118 SOUTH WASHINGTON AVENUELANSING, MI 48910EIN: 92-2037795FORM 4562: DEPRECIATION AND AMORTIZATION ELECTION UNDER INTERNAL REVENUE CODE SECTION 168(H)(6)(F)(II) PURSUANT TO TREASURY REGULATIONS SECTION 301.9100-7T(A)(2)(I) AND (3), CS GRPC II MANAGER, LLC, A FOR PROFIT SUBSIDIARY OF CINNAIRE SOLUTIONS CORPORATION, A MICHIGAN NONSTOCK CORPORATION, HEREBY ELECTS UNDER INTERNAL REVENUE CODE SECTION 168(H)(6)(F)(II) AS FOLLOWS: (I) NOT TO BE TREATED AS A TAX-EXEMPT ENTITY FOR PURPOSES OF INTERNAL REVENUE CODE SECTIONS 168(H)(5) AND (6), AND (II) TO TREAT ANY GAIN RECOGNIZED BY ITS TAX-EXEMPT PARENT ON ANY DISPOSITION OF AN INTEREST IN IT (AND TO TREAT ANY DIVIDEND OR INTEREST RECEIVED OR ACCRUED BY ITS TAX-EXEMPT PARENT FROM IT AS UNRELATED BUSINESS TAXABLE INCOME UNDER INTERNAL REVENUE CODE SECTION 511. CS GRPC II MANAGER, LLC, A MICHIGAN LIMITED LIABILITY COMPANY BY: CINNAIRE SOLUTIONS CORPORATION, A MICHIGAN NONPROFIT CORPORATION, ITS MANAGER 168H ELECTIONS MADE BY CORPORATIONS FORM 990-PF HV9 MANAGER, LLC1118 SOUTH WASHINGTON AVENUELANSING, MI 48910EIN: 87-3320802FORM 4562: DEPRECIATION AND AMORTIZATION ELECTION UNDER INTERNAL REVENUE CODE SECTION 168(H)(6)(F)(II)PURSUANT TO TREASURY REGULATIONS SECTION 301.9100-7T(A)(2)(I) AND (3), HV9 MANAGER, LLC, A FOR-PROFIT SUBSIDIARY OF CSC HUBBARD VERNOR, LLC, A MICHIGAN LIMITED LIABILITY COMPANY, A FOR-PROFIT SUBSIDIARY OF CINNAIRE SOLUTIONS CORPORATION, A MICHIGAN NONSTOCK CORPORATION AND HUBBARD VERNOR SDBA, INC., A MICHIGAN NONSTOCK CORPORATION, HEREBY ELECTS UNDER INTERNAL REVENUE CODE SECTION 168(H)(6)(F)(II) AS FOLLOWS: (I) NOT TO BE TREATED AS A TAX-EXEMPT ENTITY FOR PURPOSES OF INTERNAL REVENUE CODE SECTIONS 168(H)(5) AND (6), AND (II) TO TREAT ANY GAIN RECOGNIZED BY ITS TAX-EXEMPT PARENTS ON ANY DISPOSITION OF AN INTEREST IN IT (AND TO TREAT ANY DIVIDEND OR INTEREST RECEIVED OR ACCRUED BY ITS TAX-EXEMPT PARENT FROM IT AS UNRELATED BUSINESS TAXABLE INCOME UNDER INTERNAL REVENUE CODE 511. HV9 MANAGER, LLC, A MICHIGAN LIMITED LIABILITY COMPANYBY: CSC HUBBARD VERNOR, LLC, A MICHIGAN LIMITED LIABILITY COMPANYBY: CINNAIRE SOLUTIONS CORPORATION, A MICHIGAN NONPROFIT CORPORATION, ITS MANAGER 168H ELECTIONS MADE BY CORPORATIONS FORM 990-PF HV4 MANAGER, LLC1118 SOUTH WASHINGTON AVENUELANSING, MI 48910EIN: 87-3293241FORM 4562: DEPRECIATION AND AMORTIZATION ELECTION UNDER INTERNAL REVENUE CODE SECTION 168(H)(6)(F)(II)PURSUANT TO TREASURY REGULATIONS SECTION 301.9100-7T(A)(2)(I) AND (3), HV4 MANAGER, LLC, A FOR-PROFIT SUBSIDIARY OF CSC HUBBARD VERNOR 4, LLC, A MICHIGAN LIMITED LIABILITY COMPANY, A FOR-PROFIT SUBSIDIARY OF CINNAIRE SOLUTIONS CORPORATION, A MICHIGAN NONSTOCK CORPORATION AND HUBBARD VERNOR 4 SDBA, INC., A MICHIGAN NONSTOCK CORPORATION, HEREBY ELECTS UNDER INTERNAL REVENUE CODE SECTION 168(H)(6)(F)(II) AS FOLLOWS: (I) NOT TO BE TREATED AS A TAX-EXEMPT ENTITY FOR PURPOSES OF INTERNAL REVENUE CODE SECTIONS 168(H)(5) AND (6), AND (II) TO TREAT ANY GAIN RECOGNIZED BY ITS TAX-EXEMPT PARENTS ON ANY DISPOSITION OF AN INTEREST IN IT (AND TO TREAT ANY DIVIDEND OR INTEREST RECEIVED OR ACCRUED BY ITS TAX-EXEMPT PARENT FROM IT AS UNRELATED BUSINESS TAXABLE INCOME UNDER INTERNAL REVENUE CODE SECTION 511.HV4 MANAGER, LLC, A MICHIGAN LIMITED LIABILITY COMPANYBY: CSC HUBBARD VERNOR 4, LLC, A MICHIGAN LIMITED LIABILITY COMPANYBY: CINNAIRE SOLUTIONS CORPORATION, A MICHIGAN NONPROFIT CORPORATION, ITS MANAGER DEBT-TO-EQUITY CONVERSION FORM 990-PF, PART III, LINE 3 IN ACCORDANCE WITH FASB ASC 958-20, A TRANSFER OF ASSETS TO A RECIPIENT ENTITY IS CONSIDERED AN EQUITY TRANSACTION IF (1) THE RESOURCE PROVIDER SPECIFIES ITSELF OR ITS AFFILIATE AS THE BENEFICIARY, (2) THE RESOURCE PROVIDER AND THE RECIPIENT ENTITY ARE FINANCIALLY INTERRELATED ENTITIES, AND (3) NEITHER THE RESOURCE PROVIDER NOR ITS AFFILIATE EXPECTS PAYMENT OF THE TRANSFERRED ASSETS, ALTHOUGH PAYMENT OF INVESTMENT RETURN ON THE TRANSFERRED ASSETS MAY BE EXPECTED. DURING THE YEAR ENDED DECEMBER 31, 2023, $8,397,282 OF PRINCIPAL AND INTEREST WAS CONVERTED TO AN EQUITY INVESTMENT. INVESTMENT IN TULSA NP PARTNERS, LLC AT COST 409 409 INVESTMENT IN TRILOGY GP, INC AT COST 382370 382370 INVESTMENT IN TRANSFIGURATION LLC AT COST 1187 1187 INVESTMENT IN WASHINGTON PARK UNITED HOMES AT COST 681 681 INVESTMENT IN EASTSIDE HOUSING PARNTERS LLC AT COST 700 700 INVESTMENT IN 8TH STREET STABLIZATION AT COST 6266 6266 INVESTMENT IN DARLINGTON FARMWORKERS TOWNEHOMES LP AT COST 1012 1012 INVESTMENT IN GARDEN HOMES AT COST 986 986 INVESTMENT IN CANNERY TRAIL RESIDENCES 2 AT COST 975 975 INVESTMENT IN ANCHOR AT MARINER'S INN 4% AT COST 100 100 INVESTMENT IN ANCHOR AT MARINER'S INN 9% AT COST 100 100 INVESTMENT IN CCSEM AT COST 51 51 LAND 112000 0 112000 LAND 85000 0 85000 LAND 295220 0 295220 LAND 1645075 0 1645075 LEGAL 48165 8173 39992 0 CINNAIRE LENDING CORPORATION LENDER 400000 0 2016-12 2023-03 5.000000000000 GENERAL OPERATING EXPENSES RELATED TO LOW INCOME HOUSING CINNAIRE CORPORATION LENDER 4000000 0 2019-08 2026-06 3.400000000000 CARRYING A BUSINESS OR COMMERCIAL ENTERPRISE CINNAIRE CORPORATION LENDER 3000000 1645075 2019-01 2024-06 3.900000000000 CARRYING A BUSINESS OR COMMERCIAL ENTERPRISE THE HOUSING PARTNERSHIP FUND INC LENDER 692264 0 2021-06 2023-02 4.500000000000 CARRYING A BUSINESS OR COMMERCIAL ENTERPRISE CINNAIRE LENDING CORPORATION LENDER 82200 0 2021-10 2023-10 6.000000000000 CARRYING A BUSINESS OR COMMERCIAL ENTERPRISE THE HOUSING PARTNERSHIP FUND INC LENDER 410837 0 2021-06 2023-03 4.500000000000 CARRYING A BUSINESS OR COMMERCIAL ENTERPRISE CINNAIRE LENDING CORPORATION LENDER 1141000 0 2022-11 2023-05 5.750000000000 CARRYING A BUSINESS OR COMMERCIAL ENTERPRISE THE HOUSING PARTNERSHIP FUND INC LENDER 184715 250000 2022-03 2024-02 4.500000000000 CARRYING A BUSINESS OR COMMERCIAL ENTERPRISE THE HOUSING PARTNERSHIP FUND INC LENDER 500000 500000 2022-12 2024-12 5.550000000000 CARRYING A BUSINESS OR COMMERCIAL ENTERPRISE CINNAIRE LENDING CORPORATION LENDER 535000 514341 2023-02 2024-02 6.000000000000 CARRYING A BUSINESS OR COMMERCIAL ENTERPRISE CINNAIRE LENDING CORPORATION LENDER 124602 124602 2023-11 2025-12 7.000000000000 CARRYING A BUSINESS OR COMMERCIAL ENTERPRISE CINNAIRE LENDING CORPORATION LENDER 311097 311097 2023-11 2024-08 4.000000000000 CARRYING A BUSINESS OR COMMERCIAL ENTERPRISE CINNAIRE LENDING CORPORATION LENDER 175000 175000 2023-11 2024-08 7.000000000000 CARRYING A BUSINESS OR COMMERCIAL ENTERPRISE CINNAIRE LENDING CORPORATION LENDER 612000 626377 2021-06 2025-08 4.000000000000 CARRYING A BUSINESS OR COMMERCIAL ENTERPRISE CINNAIRE LENDING CORPORATION LENDER 419987 263556 2023-11 2025-08 4.000000000000 CARRYING A BUSINESS OR COMMERCIAL ENTERPRISE CINNAIRE LENDING CORPORATION LENDER 212021 215324 2021-06 2025-12 6.060000000000 CARRYING A BUSINESS OR COMMERCIAL ENTERPRISE CINNAIRE LENDING CORPORATION LENDER 338847 255033 2021-06 2023-12 6.060000000000 CARRYING A BUSINESS OR COMMERCIAL ENTERPRISE CINNAIRE LENDING CORPORATION LENDER 204000 0 2023-05 2024-05 5.750000000000 CARRYING A BUSINESS OR COMMERCIAL ENTERPRISE PRE-DEVELOPMENT COSTS 5267989 5717525 5717525 LOAN LOSS RESERVE -8091577 -8091577 -8091577 OFFICE EXPENSES 28321 4806 23515 0 OTHER RENTING EXPENSES 10967 1861 9106 0 MANAGEMENT FEE 0 0 0 0 WORKMAN'S COMPENSATION 0 0 0 0 AMORTIZATION 0 0 0 0 PROPERTY TAXES 1716 291 1425 0 ADMINISTRATIVE 1445 245 1200 0 DEVELOPER SERVICE FEE INCOME 1875480 1875480 PARTNERSHIP DISTRIBUTION INCOME 2262 2262 PARTNERSHIP MGMT FEES 28600 28600 CORPORATE SERVICE FEE 180000 180000 MISCELLANEOUS INCOME 62391 62391 DEBT-TO-EQUITY CONVERSION FROM INTERRELATED NON-PROFIT (SEE SCHEDULE O) 8397282