2024-04-24T08:03:18-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2022-07-01 811958719 TCHFH LENDING INC TCHF 6123057112 1954 UNIVERSITY AVENUE WEST SAINT PAUL MN 55104 ROBYN BIPES-TIMM PRESIDENT 6123057112 2024-04-18 1 ROBYN BIPES-TIMM 999009999 1 RACHEL FLANDERS P01591790 6123764500 2024-04-18 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z ROBYN BIPES-TIMM 1954 UNIVERSITY AVENUE WEST SAINT PAUL MN 55104 2466684 0 8545 X HTTPS://HOME.TCHABITAT.ORG/TCHFH-LENDING-INC X 2016 MN PROVIDING AFFORDABLE HOME MORTGAGES TO HELP THE UNDERSERVED ATTAIN HOMEOWNERSHIP 8 8 0 14 0 0 1287924 1322431 1116783 1077409 44042 66844 0 0 2448749 2466684 0 54636 0 0 608134 888442 0 0 0 664516 780460 1272650 1723538 1176099 743146 7779735 9939150 5536785 6953054 2242950 2986096 THE MISSION OF TCHFH LENDING, INC. IS TO HELP THOSE UNDERSERVED BY THE TRADITIONAL MORTGAGE INDUSTRY ATTAIN HOMEOWNERSHIP THROUGH ITS AFFORDABLE MORTGAGE PROGRAM. 0 0 693818 54636 858121 TWIN CITIES HABITAT FOR HUMANITY IS THE SOLE MEMBER OF THE TCHFH LENDING INC. CORPORATION; TOGETHER THE TWO ORGANIZATIONS WORK IN PARTNERSHIP TO MAKE DECENT, AFFORDABLE HOMEOWNERSHIP POSSIBLE FOR LOW AND MODERATE INCOME HOUSEHOLDS ACROSS THE TWIN CITIES SEVEN-COUNTY METRO. TCHFH LENDING, INC. ORIGINATES AFFORDABLE MORTGAGES, SERVICES RESIDENTIAL MORTGAGE LOANS, AND PROVIDES DOWN PAYMENT AND CLOSING COST ASSISTANCE. ITS PRIMARY PROGRAM IS TO FINANCE RESIDENTIAL MORTGAGES TO A TARGET MARKET OF LOW INCOME HOMEBUYERS FOR THE PURCHASE OF A HABITAT-BUILT HOME, A MOVE-IN READY HOME OR A HOME IN NEED OF ADDITIONAL REHAB. THE ORGANIZATION WAS INCORPORATED IN FY16 AND ORIGINATED 101 MORTGAGE LOANS IN FY23. 562851 219288 TCHFH LENDING, INC. SERVICES RESIDENTIAL MORTGAGES IT ORIGINATES AND SERVICES EXISTING LOANS PREVIOUSLY ORIGINATED BY ITS PARENT ENTITY, TWIN CITIES HABITAT FOR HUMANITY, INC. THE ORGANIZATION SERVICED 1,241 LOANS IN FY23. 350000 TCHFH LENDING, INC. PROVIDES DOWN PAYMENT AND CLOSING COST ASSISTANCE GRANTS TO ELIGIBLE LOW-INCOME HOMEBUYERS AND FACILITATES THIRD-PARTY DOWN PAYMENT ASSISTANCE PROGRAMS AND SUBORDINATE LOANS. GRANTS WERE AWARDED TO 81 HOMEBUYERS IN FY23. 1606669 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 5 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 0 MN X X SHANNON TERRY 6122071700 1954 UNIVERSITY AVE W ST PAUL MN 55104 ANNE BEHRENDT DIRECTOR 0.50 1.00 X 0 0 0 DELINDA WASHINGTON DIRECTOR 0.50 1.00 X 0 0 0 TONY BARRANCO DIRECTOR 0.50 1.00 X 0 0 0 BILL GOULD DIRECTOR 0.50 1.00 X 0 0 0 STEVE POPPEN DIRECTOR 0.50 1.00 X 0 0 0 ERIC SKALLAND DIRECTOR 0.50 1.00 X 0 0 0 RICH GAMMILL DIRECTOR 0.50 1.00 X 0 0 0 DIANE WOLD DIRECTOR 0.50 1.00 X 0 0 0 JONATHAN SAGE-MARTINSON DIRECTOR 0.50 1.00 X 0 0 0 ROBYN BIPES-TIMM PRESIDENT 10.00 30.00 X 0 180639 41729 DAVE HILL SECRETARY, TREASURER 1.00 39.00 X 0 57262 2122 DAVID MILTON PAST SECRETARY, PAST TREASURER 1.00 39.00 X 0 112435 17742 0 350336 61593 0 0 1 0 0 520347 802084 1322431 LOAN SERVICING REVENUE 623000 1077409 1077409 1077409 66844 66844 2466684 1077409 0 66844 54636 54636 71061 67864 3197 619408 588121 31287 15419 14640 779 131457 124853 6604 51097 48542 2555 4903 4903 2525 2525 2250 2250 3465 3193 272 1673 1673 2860 2860 84803 84803 21953 21953 CLOSING COSTS 353292 353292 LOAN SERVICING AND BANK 161910 161910 PAYMENTS TO RELATED PAR 120000 50350 69650 20826 20826 1723538 1606669 116869 0 2420778 1566990 1123636 38677 36870 13641 12125 3733523 5238632 1573116 1960897 7779735 9939150 1515 17013 1073874 1148527 2786350 3993798 1675046 1793716 5536785 6953054 X 2242950 2986096 2242950 2986096 7779735 9939150 743146 0 X 0 1 X 1 0 X X X 1 TWIN CITIES HABITAT FOR HUMANITY INC 363363171 7 1 54636 0 1 54636 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 MORTGAGES RECEIVABLE 5238632 F 5238632 LOAN SERVICING ASSET 1960897 1960897 DUE TO TWIN CITIES HABITAT FOR HUMANITY, INC. 1793716 1793716 X 2468334 1650 1650 2466684 0 2466684 1725188 1650 1650 1723538 0 1723538 PART X, LINE 2: THE ORGANIZATION HAS EXEMPT STATUS RELATIVE TO FEDERAL AND MINNESOTA CORPORATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND APPLICABLE STATE STATUTES. THE ORGANIZATION IS NOT A PRIVATE FOUNDATION AND CONTRIBUTIONS TO THE ORGANIZATION QUALIFY AS A CHARITABLE TAX DEDUCTION BY THE CONTRIBUTOR. THE ORGANIZATION FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE CONSOLIDATED FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE ORGANIZATION AS A RESULT OF THE IMPLEMENTATION OF THIS STANDARD. THE ORGANIZATION'S RETURN IS SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. 1 TWIN CITIES HABITAT FOR HUMANITY INC 1954 UNIVERSITY AVENUE WEST ST PAUL MN 55104 363363171 501(C)(3) 54636 0 TO AID THE ORGANIZATION IN ITS MISSION FOR AFFORDABLE HOUSING 1 0 PART I, LINE 2: TCHFH LENDING, INC WORKS CLOSELY WITH ITS SUPPORTED ORG, TWIN CITIES HABITAT FOR HUMANITY INC. GRANT MONITORING IS SIMPLISTIC WITH THIS CLOSE COLLABORATION. THE SUPPORTED ORG IS THE ONLY ORGANIZATION TCHFH LENDING, INC MAKES GRANTS TO. 0 0 0 0 0 0 0 0 0 ROBYN BIPES-TIMM PRESIDENT 0 180639 0 0 0 0 0 5419 0 36310 0 222368 0 0 PART I, LINE 3 THE ORGANIZATION'S PRESIDENT IS COMPENSATED BY TWIN CITIES HABITAT FOR HUMANITY, A RELATED ORGANIZATION. THE COMPENSATION REPORTED INCLUDES SERVICES FOR TWIN CITIES HABITAT FOR HUMANITY AND TCHFH LENDING, INC. THE ORGANIZATION RELIED ON TWIN CITIES HABITAT FOR HUMANITY TO DETERMINE COMPENSATION OF THE PRESIDENT, WHICH INCLUDED COMPENSATION COMMITTEE, AND INDEPENDENT COMPENSATION CONSULTANT, A COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION A, LINE 6 TWIN CITIES HABITAT FOR HUMANITY, INC. IS THE PARENT AND SOLE MEMBER OF TCHFH LENDING, INC. FORM 990, PART VI, SECTION A, LINE 7A AT LEAST 51% OF THE BOARD MEMBERS OF TCHFH LENDING, INC. NEED TO ALSO BE BOARD MEMBERS OF THE PARENT FORM 990, PART VI, SECTION A, LINE 7B TWIN CITIES HABITAT FOR HUMANITY, INC., THE SOLE MEMBER, MUST APPROVE ANY PROPOSED SALE OR TRANSFER OF TCHFH LENDING, INC. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A FULL COPY OF THE 990 WILL BE REVIEWED BY TCHFH LENDING, INC.'S STAFF OFFICERS AND THEN PROVIDED TO ITS FULL BOARD FOR APPROVAL BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES TO ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST. BOARD MEMBERS DISCLOSE CONFLICTS OF INTERESTS ON A WRITTEN FORM ONCE ANNUALLY. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. THE PROCEEDINGS ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15A ANNUALLY, A COMPETITIVE MARKET ANALYSIS IS COMPLETED BY AN OUTSIDE CONSULTANT WHICH INCLUDES A CROSS SECTION OF TWIN CITIES HABITAT'S C-LEVEL POSITIONS. THE SALARY FOR THE PRESIDENT IS DETERMINED THROUGH ALIGNMENT WITH OTHER C-LEVEL SALARIES OF THE ORGANIZATION. IT IS THEN SUBMITTED TO THE BOARD FOR REVIEW AND APPROVAL. COMPENSATION IS MAINLY DETERMINED AT THE RELATED ORGANIZATION, TWIN CITIES HABITAT FOR HUMANITY. TCHFH LENDING DETERMINES THE AMOUNT OF WAGES THEY WILL HAVE AVAILABLE DURING THE ANNUAL BUDGETING PROCESS WHICH IS THEN APPROVED BY THE LEADERSHIP TEAM. COMPENSATION FOR POSITIONS BELOW THE CEO LEVEL WERE REVIEWED AND APPROVED BY THE CEO. AS PART OF THE ANNUAL PLANNING PROCESS THE BOARD OF DIRECTORS REVIEWS COMPENSATION AS PART OF THE OVERALL BUDGET AND DOCUMENTATION IS INCLUDED IN THE MEETING MINUTES. THIS PROCESS WAS LAST COMPLETED IN 2022. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. TWIN CITIES HABITAT FOR HUMANITY INC 1954 UNIVERSITY AVENUE WEST ST PAUL MN 55104 363363171 PROVIDE AND SUPPORT AFFORDABLE HOUSING MN 501(C)(3) LINE 7 N/A 0 0 1 1 0 1 0 0 0 0 0 0 1 1 1 1 1 1 0 1