CINNAIRE LENDING CORPORATION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

BRETT OUMEDIAN

Phone

5174828555

Tax Period

2023-01-01 to 2023-12-31

CINNAIRE LENDING CORPORATION, founded in 2002, is a mid-sized nonprofit in the Housing & Shelter sector that reported $17.0M in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.6M, a strong 39% operating margin.

Mission

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 COMMUNITIES IN ORDER TO IMPROVE THE QUALITY OF LIFE FOR RESIDENTS OF THESE COMMUNITIES. THE END GOAL IS TO IMPROVE THE QUALITY OF LIFE FOR RESIDENTS OF THESE COMMUNITIES. CL PROVIDES PRE-DEVELOPMENT, ACQUISITION, BRIDGE LOANS, AND PERMANENT FINANCING FOR MULTI-FAMILY RENTAL COMMUNITIES THAT SERVE LOW- AND MODERATE-INCOME PERSONS INCLUDING SPECIAL NEEDS POPULATIONS. IN ADDITION TO ITS FINANCING PRODUCTS, CL SUPPORTS COMMUNITY DEVELOPMENT BY CONSULTING WITH DEVELOPERS ON UTILIZING ALL AVAILABLE FINANCING SOURCES TO ENSURE THE LONG-TERM VIABILITY OF DEVELOPMENTS. CL TARGETS ITS CONSULTING SERVICES TO NON-PROFIT ORGANIZATIONS TO HELP NON-PROFITS BE AN INTEGRAL PARTNER IN DEVELOPMENTS IN THEIR COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $8,276,989 Revenue: $7,710,053

TO DEPLOY CAPITAL TO UNDERSERVED COMMUNITIES TO FUEL ECONOMIC DEVELOPMENT AND PROMOTE VIBRANT, HEALTHY COMMUNITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $8,697,337

Program Service Revenue $7,710,053

Investment Income $613,171

Other Revenue $0

TOTAL REVENUE $17,020,561

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,488,462

Fundraising Expenses $0

Program Expenses $8,276,989

Other Expenses $3,922,094

TOTAL EXPENSES $10,410,556

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,020,561	$12,692,635	+0.3%
Expenses	$10,410,556	$9,591,248	+0.1%
Net Income	$6,610,005	$3,101,387	+1.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY KAMP	CHAIR	1.00	Officer Director	$0	$0	$0
ADRIAN BROOKS	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
MARK ANGELINI	DIRECTOR	1.00	Director	$0	$0	$0
JOSH EARN	DIRECTOR	1.00	Director	$0	$0	$0
KENYETTA MCCURDY-BYRD	DIRECTOR	1.00	Director	$0	$0	$0
BRETT MACLEOD	DIRECTOR	1.00	Director	$0	$0	$0
JASON PAULATEER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL J TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
QUINETTA ROBERSON CONNALLY	DIRECTOR TERM	1.00	Director	$0	$0	$0
BRETT OUMEDIAN	CFO	1.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$17,020,561	$10,410,556	$130,855,621	$6,610,005
2022	$12,692,635	$9,591,248	$102,169,099	$3,101,387
2021	$9,899,346	$8,810,950	$75,621,059	$1,088,396
2020	$8,035,028	$6,282,763	$74,702,481	$1,752,265
2019	$7,989,288	$3,873,801	$55,555,968	$4,115,487
2018	$8,323,703	$3,428,773	$33,738,455	$4,894,930