Cinnaire Solutions Corporation is a private corporation based in LANSING, MI. The foundation received its IRS ruling in 1995. The principal officer is % James A Schneider. It holds total assets of $39.7M. Annual income is reported at $13.7M. 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. According to available records, Cinnaire Solutions Corporation has made 2 grants totaling $55K, with a median grant of $28K. Grant recipients are concentrated in Michigan. Contributions to this foundation are tax-deductible.
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.
Expenses: $2.7M
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.
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.
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.
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. Based on available records, the foundation has funded 2 grants. Its grantmaking reaches organizations primarily in MI.
Cinnaire Solutions Corporation has distributed a total of $55K across 2 grants. The median grant size is $28K, with an average of $28K. Individual grants have ranged from $28K to $28K.
Cinnaire Solutions Corporation typically selects its grantees rather than accepting unsolicited proposals.
Cinnaire Solutions Corporation is headquartered in LANSING, MI.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Peter Giles | CHAIR | $0 | $0 | $0 |
| Bob Beck | FORMER VICE PRESIDENT | $0 | $0 | $0 |
| Gary Sands | FORMER SECRETARY/TREASURER | $0 | $0 | $0 |
| Raheemah Jabbar-Bey | TRUSTEE | $0 | $0 | $0 |
| Donald F Tucker | TRUSTEE | $0 | $0 | $0 |
Total Giving
$3.3M
Total Assets
$25.4M
Fair Market Value
$25.4M
Net Worth
$19.8M
Grants Paid
$0
Contributions
$4.9M
Net Investment Income
$0
Distribution Amount
$0
Total: $0
Total Grants
2
Total Giving
$55K
Average Grant
$28K
Median Grant
$28K
Unique Recipients
1
Most Common Grant
$28K
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Zero DayCHARITABLE CONTRIBUTION | Battle Creek, MI | $28K | 2020 |
TAMPA, FL
LANSING, MI
NEW ORLEANS, LA
LOS ANGELES, CA
| Derrick Collins |
| TRUSTEE |
| $0 |
| $0 |
| $0 |
| Daniel Dierlam | TRUSTEE | $0 | $0 | $0 |
| Brett Oumedian | CFO | $0 | $0 | $0 |
| Elaine Magil | VICE PRESIDENT | $0 | $0 | $0 |
| Lucius Vassar | ASSISTANT SECRETARY | $0 | $0 | $0 |
| Donsia Strong Hill | SECRETARY/TREASURER | $0 | $0 | $0 |
| Marissa Downs | VICE CHAIR | $0 | $0 | $0 |
| 2018 | 990PF | View |
| 2016 | 990PF | View |
| 2015 | 990PF | View |
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