EIN 38-3126310

Cinnaire Corporation (GLCF)

IRS 501(c) type
501(c)(3)
Num. employees
142
Year formed
1994
Most recent tax filings
2022-12-01
NTEE code, primary
Description
We provide low-income housing tax credit investing, construction and permanent loan financing, technical assistance to for-profit and non-profit developers, and assist in the financing of community economic development programs.
Also known as...
Great Lakes Capital Fund Non-Profit Housing Corporation; Great Lakes Caital Fund
Total revenues
$49,832,830
2022
Total expenses
$22,642,903
2022
Total assets
$75,554,015
2022
Num. employees
142
2022

Program areas at GLCF

Cinnaire provides equity capital and flexible loans to expand and preserve affordable housing in underserved communities. These investments revitalize neighborhoods, empower individuals and create economic opportunities.
Development fees charged related to providing expertise in the development of housing for low income tenants in conjunction with local nonprofit organizations allows the organization to build capacity to develop additional housing sites for low income tenants and to assist additional local nonprofit organizations in their related efforts.
Loans are made to economically underserved communities to support housing and economic opportunities for low and moderate income individuals and families. The low and moderate income people are typically residents of rural areas. The borrowers are not eligible for typical bank financing. Loan terms, duration, maturity, and loan to value terms are not offered by commercial bank or credit unions.

Grants made by GLCF

GranteeGrant descriptionAmount
Allen Neighborhood CenterDebt Forgiveness$250,000
Michigan Association of United WaysGeneral Support$50,000
Strikeout BaseballGeneral Support$50,000
...and 22 more grants made totalling $511,856

Personnel at GLCF

NameTitleCompensation
Mark McDanielCheif Executive Officer / President and Chief Executive Officer$960,197
Kevin CrawleyChief Operating Officer$541,183
Brett OumdeianChief Financial Officer$408,478
Deborah TobyChief Human Resource Officer / Executive Vice President / Senior Vice President , Human Resources and Administrative Services$323,582
Ben StehouwerSenior Vice President$311,521
...and 14 more key personnel

Financials for GLCF

RevenuesFYE 12/2022
Total grants, contributions, etc.$12,188,000
Investment income and dividends$288,154
Net rental income$0
Net gain from sale of non-inventory assets$14,797,822
Gross sales of inventory$0
Miscellaneous revenues$22,558,854
Total revenues$49,832,830

Form 990s for GLCF

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990PFView PDF
2021-122022-11-15990PFView PDF
2020-122021-11-15990PFView PDF
2019-122021-06-15990PFView PDF
2018-122020-06-19990PRView PDF
...and 7 more Form 990s

Organizations like GLCF

OrganizationLocationRevenue
Taylor CommunityLaconia, NH$22,968,987
The Myron Stratton HomeColorado Springs, CO$26,982,482
Poydras HomeNew Orleans, LA$13,379,964
Monterey Bay Aquarium Research Institute (MBARI)Moss Landing, CA$90,937,091
Global Support and Development (GSD)Redwood City, CA$59,060,327
Kemper and Leila Williams FoundationNew Orleans, LA$13,044,742
Hughson Samaritan VillageHughson, CA$13,397,443
Frontline Community ServicesBeltsville, MD$24,016,865
The 1440 FoundationSaratoga, CA$24,001,341
Calder FoundationNew York, NY$23,825,946
Data update history
January 6, 2024
Posted financials
Added Form 990PF for fiscal year 2022
January 5, 2024
Updated personnel
Identified 3 new personnel
December 26, 2023
Used new vendors
Identified 1 new vendor, including
August 8, 2023
Updated personnel
Identified 5 new personnel
August 7, 2023
Posted financials
Added Form 990PF for fiscal year 2021
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate operating foundationsCommunity Development Financial InstitutionsCharities
Issues
Human servicesHousing
Characteristics
Provides grantsPartially liquidatedReceives government fundingTax deductible donationsAccepts online donations
General information
Address
1118 S Washington Ave
Lansing, MI 48910
Metro area
Lansing-East Lansing, MI
County
Ingham County, MI
Website URL
cinnaire.com/ 
Phone
(877) 367-4523
Facebook page
Greatlakescapfund 
IRS details
EIN
38-3126310
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
1994
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
Free account sign-up

Want updates when GLCF has new information, or want to find more organizations like Cinnaire Corporation (GLCF)?

Create free Cause IQ account