Civic Intelligence

Cinnaire Lending Corporation

990 • Fiscal year 2012 • EIN 38-3666288

Jan 01, 2012 to Dec 31, 2012 • Filed on Nov 15, 2013

Organization ProfileN/A
1118 S Washington Ave48910
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

62nd percentile

0.44x

Higher debt load relative to assets than 62% of similar nonprofits.

2012 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

97th percentile

64%

Faster asset growth than 97% of similar nonprofits.

2012 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Up

$25,595,632

Up $9,984,302 (+64%) from 2011

Net Assets

Up

$14,309,751

Up $8,568,083 (+149%) from 2011

Liabilities

Up

$11,285,881

Up $1,416,219 (+14%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$1,804,468

Up $1,198,513 (+198%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200M$150M$100M$50M$0Assets 2010: $16,140,173Liabilities 2010: $15,209,387Net Assets 2010: $930,7862010Assets 2011: $15,611,330Liabilities 2011: $9,869,662Net Assets 2011: $5,741,6682011Assets 2012: $25,595,632Liabilities 2012: $11,285,881Net Assets 2012: $14,309,7512012Assets 2013: $27,953,720Liabilities 2013: $13,108,543Net Assets 2013: $14,845,1772013Assets 2014: $29,722,435Liabilities 2014: $14,229,320Net Assets 2014: $15,493,1152014Assets 2015: $26,544,408Liabilities 2015: $10,750,837Net Assets 2015: $15,793,5712015Assets 2016: $26,669,151Liabilities 2016: $8,867,381Net Assets 2016: $17,801,7702016Assets 2017: $28,417,155Liabilities 2017: $10,765,646Net Assets 2017: $17,651,5092017Assets 2018: $33,738,455Liabilities 2018: $11,192,016Net Assets 2018: $22,546,4392018Assets 2019: $55,555,968Liabilities 2019: $28,894,042Net Assets 2019: $26,661,9262019Assets 2020: $74,702,481Liabilities 2020: $46,463,461Net Assets 2020: $28,239,0202020Assets 2021: $75,621,059Liabilities 2021: $46,293,643Net Assets 2021: $29,327,4162021Assets 2022: $102,169,099Liabilities 2022: $69,740,296Net Assets 2022: $32,428,8032022Assets 2023: $130,855,621Liabilities 2023: $92,385,733Net Assets 2023: $38,469,8882023Assets 2024: $157,269,428Liabilities 2024: $112,722,613Net Assets 2024: $44,546,8152024

Highlighted filing

2012

Assets$25,595,632
Liabilities$11,285,881
Net Assets$14,309,751
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $524,5972010Expenses 2011: $605,9552011Expenses 2012: $1,804,4682012Revenue 2013: $1,126,435Expenses 2013: $1,003,815Net Income 2013: $122,6202013Revenue 2014: $5,287,370Expenses 2014: $4,639,432Net Income 2014: $647,9382014Revenue 2015: $3,187,021Expenses 2015: $2,886,565Net Income 2015: $300,4562015Revenue 2016: $9,095,145Expenses 2016: $7,086,946Net Income 2016: $2,008,1992016Revenue 2017: $3,373,858Expenses 2017: $3,524,119Net Income 2017: -$150,2612017Revenue 2018: $8,323,703Expenses 2018: $3,428,773Net Income 2018: $4,894,9302018Revenue 2019: $7,989,288Expenses 2019: $3,873,801Net Income 2019: $4,115,4872019Revenue 2020: $8,035,028Expenses 2020: $6,282,763Net Income 2020: $1,752,2652020Revenue 2021: $9,899,346Expenses 2021: $8,810,950Net Income 2021: $1,088,3962021Revenue 2022: $12,692,635Expenses 2022: $9,591,248Net Income 2022: $3,101,3872022Revenue 2023: $17,020,561Expenses 2023: $10,410,556Net Income 2023: $6,610,0052023Revenue 2024: $19,256,710Expenses 2024: $13,179,783Net Income 2024: $6,076,9272024

Highlighted filing

2012

Revenue-
Expenses$1,804,468
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Nov 15, 2013
Return Version
2012v2.3
Gross Receipts
$10,970,120
Mission and Program Overview

Mission

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.

Filing and Contact Details

Filer

EIN
38-3666288
Raw XML AppendixShowing 400 of 526 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson1KEITH BROADNAX
IRS990ScheduleJ/Form990ScheduleJPartII/Title0PRESIDENT
IRS990ScheduleJ/Form990ScheduleJPartII/Title1SECRETARYTREASURER
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs0318739
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs1194791
IRS990ScheduleJ/InitialContractException0false
IRS990/ScheduleJRequired0true
IRS990ScheduleJ/SeverancePayment0false
IRS990ScheduleJ/SupplementalNonqualRetirePlan0false
IRS990ScheduleO/GeneralExplanation/Explanation0CAPITAL FUND SERVICES, INC. (CFS) IS A CERTIFIED CDFI ESTABLISHED IN 2002 AND HAS A MISSION TO RAISE AND DEPLOY CAPITAL TO SUPPORT THE DEVELOPMENT OF HEALTHY AND VIBRANT NEIGHBORHOODS. THE END GOAL IS TO IMPROVE THE QUALITY OF LIFE FOR RESIDENTS OF THESE COMMUNITIES. CFS PROVIDES PRE-DEVELOPMENT, ACQUISITION, ENERGY IMPROVEMENT, AND PERMANENT FINANCING FOR MULTI-FAMILY RENTAL COMMUNITIES THAT SERVE LOW AND MODERATE INCOME PERSONS. CFS FOCUSES ON APARTMENT COMMUNITIES LOCATED IN RURAL OR URBAN AREAS AND HAS A STRONG EMPHASIS ON COMMUNITIES THAT SUPPORT SPECIAL NEEDS POPULATIONS. IN ADDITION TO ITS FINANCING PRODUCTS, CFS SUPPORTS COMMUNITY DEVELOPMENT BY CONSULTING WITH DEVELOPERS ON UTILIZING ALL AVAILABLE FINANCING SOURCES TO ENSURE THE LONG-TERM VIABILITY OF DEVELOPMENTS. CFS TARGETS ITS CONSULTING SERVICES TO NON-PROFIT ORGANIZATIONS TO HELP NON-PROFITS BE AN INTEGRAL PARTNER IN DEVELOPMENTS IN THEIR COMMUNITIES. CFS SERVES THE MULTI-STATE REGION OF ILLINOIS, INDIANA, MICHIGAN, MINNESOTA, UPSTATE NEW YORK, AND WISCONSIN. SINCE BEGINNING THE LENDING ACTIVITY IN 2004, CFS HAS LOANED OVER 46.5 MILLION IN 107 LOANS. CFS HAS FACILITATED THE DEVELOPMENT OF OVER 5,300 AFFORDABLE HOUSING UNITS SERVICING OVER 18,000 LOW-INCOME PEOPLE, INCLUDING AN ESTIMATED 33% OF UNITS BEING SUPPORTIVE HOUSING FOR HIGH-NEEDS POPULATIONS (HIGH-RISK VETERANS, SENIORS, DEVELOPMENTALLY CHALLENGED, ETC.)
IRS990ScheduleO/GeneralExplanation/Explanation1BYLAWS AMENDED TO ESTABLISH A LOAN APPROVAL COMMITTEE TO ADMINISTER LOANS BY THE CORPORATION.
IRS990ScheduleO/GeneralExplanation/Explanation2A COPY OF CURRENT YEAR RETURN IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FINALIZING THE RETURN.
IRS990ScheduleO/GeneralExplanation/Explanation3WE RECEIVED COPIES OF ALL CONFLICTS OF INTEREST POLICIES FROM BOARD MEMBERS AS PART OF AN ANNUAL PROCESS IMPLEMENTED.
IRS990ScheduleO/GeneralExplanation/Explanation4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation5CONSULTING FEES 110,943 0 0 ALLOCATED PAYROLL 132,000 0 0 ALLOCATED BENEFITS 33,000 0 0
IRS990ScheduleO/GeneralExplanation/Identifier0ORGANIZATION'S MISSION
IRS990ScheduleO/GeneralExplanation/Identifier1SIGNIFICANT CHANGES TO ORGANIZATIONAL DOCUMENTS
IRS990ScheduleO/GeneralExplanation/Identifier2ORGANIZATION'S PROCESS USED TO REVIEW FORM 990
IRS990ScheduleO/GeneralExplanation/Identifier3ENFORCEMENT OF CONFLICTS POLICY
IRS990ScheduleO/GeneralExplanation/Identifier4GOVERNING DOCUMENTS DISCLOSURE EXPLANATION
IRS990ScheduleO/GeneralExplanation/Identifier5OTHER FEES FOR SERVICES
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PAGE 6, PART VI, LINE 4
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART IX, LINE 11G
IRS990/ScheduleORequired0true
IRS990ScheduleR/DividendsRelatedOrganization0false
IRS990ScheduleR/ExchangeOfAssets0false
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine101118 S WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City0LANSING
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State0MI
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/ZIPCode048910
IRS990ScheduleR/Form990ScheduleRPartII/ControlledOrg0false
IRS990ScheduleR/Form990ScheduleRPartII/DirectControllingEntityNA0N/A
IRS990ScheduleR/Form990ScheduleRPartII/EIN0383666288
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection0501C3
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState0MI
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine10GREAT LAKES CAPITAL FUND
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine20GREAT LAKES CAPITAL FUND
IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities0PARENT
IRS990ScheduleR/Form990ScheduleRPartII/PublicCharityStatus07
IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/AddressLine101118 S WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/AddressLine111118 S WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/City0LANSING
IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/City1LANSING
IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/State0MI
IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/State1MI
IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/ZIPCode048910
IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/ZIPCode148910
IRS990ScheduleR/Form990ScheduleRPartIV/ControlledOrg0false
IRS990ScheduleR/Form990ScheduleRPartIV/ControlledOrg1false
IRS990ScheduleR/Form990ScheduleRPartIV/DirectControllingEntityNA0N/A
IRS990ScheduleR/Form990ScheduleRPartIV/DirectControllingEntityNA1N/A
IRS990ScheduleR/Form990ScheduleRPartIV/EIN0571223559
IRS990ScheduleR/Form990ScheduleRPartIV/EIN1383546198
IRS990ScheduleR/Form990ScheduleRPartIV/LegalDomicileState0MI
IRS990ScheduleR/Form990ScheduleRPartIV/LegalDomicileState1MI
IRS990ScheduleR/Form990ScheduleRPartIV/NameOfRelatedOrg/BusinessNameLine10CAPITAL FUND INVESTMENT CORP
IRS990ScheduleR/Form990ScheduleRPartIV/NameOfRelatedOrg/BusinessNameLine11CAPITAL FUND ADVISORY SERVICES
IRS990ScheduleR/Form990ScheduleRPartIV/NameOfRelatedOrg/BusinessNameLine20CAPITAL FUND INVESTMENT CORP
IRS990ScheduleR/Form990ScheduleRPartIV/NameOfRelatedOrg/BusinessNameLine21CAPITAL FUND ADVISORY SERVICES
IRS990ScheduleR/Form990ScheduleRPartIV/PrimaryActivity0RE INVEST
IRS990ScheduleR/Form990ScheduleRPartIV/PrimaryActivity1CONSULTING
IRS990ScheduleR/GiftGrantOrCapContrFrOtherOrg0true
IRS990ScheduleR/GiftGrantOrCapContrToOtherOrg0false
IRS990ScheduleR/LoansOrGuaranteesFromOtherOrg0true
IRS990ScheduleR/LoansOrGuaranteesToOtherOrg0true
IRS990ScheduleR/OtherTransferFromOtherOrg0false
IRS990ScheduleR/OtherTransferToOtherOrg0false
IRS990ScheduleR/PerformOfServicesByOtherOrgs0false
IRS990ScheduleR/PerformOfServicesForOtherOrgs0false
IRS990ScheduleR/PurchaseOfAssetsFromOtherOrg0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$25,595,632
Liabilities
$11,285,881
Net assets
$14,309,751
Revenue
-
Expenses
$1,804,468
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$157$113$44.5$19.3$13.2$6.08
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$131$92.4$38.5$17.0$10.4$6.61
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$102$69.7$32.4$12.7$9.59$3.10
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$75.6$46.3$29.3$9.90$8.81$1.09
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$74.7$46.5$28.2$8.04$6.28$1.75
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$55.6$28.9$26.7$7.99$3.87$4.12
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.7$11.2$22.5$8.32$3.43$4.89
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.4$10.8$17.7$3.37$3.52$0.15
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.7$8.87$17.8$9.10$7.09$2.01
2015Summary only. Only limited summary data is available for this year.$26.5$10.8$15.8$3.19$2.89$0.30
2014Detailed filing. Detailed filing data is available for this year.$29.7$14.2$15.5$5.29$4.64$0.65
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$28.0$13.1$14.8$1.13$1.00$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.6$11.3$14.3$1.80
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.6$9.87$5.74$0.61
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.1$15.2$0.93$0.52