2025-02-10T08:58:38-06:00 2024-06-30 341873282 CBIZ ADVISORS LLC 222 SOUTH 9TH STREET SUITE 1000 MINNEAPOLIS MN 55402 990 2023-07-01 411889904 HABITAT FOR HUMANITY OF MINNESOTA INC HABI 6123314439 2171 UNIVERSITY AVENUE WEST 200 ST PAUL MN 55114 CRISTEN INCITTI PRESIDENT & CEO 6123314439 2025-01-13 1 0 BRUCE THIEL P00526510 6123397811 2025-01-13 2023 2025-03-06 01:10:19Z CRISTEN INCITTI 2171 UNIVERSITY AVENUE WEST 200 ST PAUL MN 55114 1852583 0 X HTTPS://HABITATMINNESOTA.ORG X 1997 MN HABITAT FOR HUMANITY BRINGS PEOPLE TOGETHER TO BUILD HOMES, COMMUNITY, AND HOPE. 16 16 13 24 0 0 2344846 1181443 672360 485564 81412 179870 53988 1506 3152606 1848383 176317 97090 0 0 655861 1192582 0 0 85970 626865 460467 1459043 1750139 1693563 98244 36752114 38647459 32230650 34027751 4521464 4619708 X SEE SCHEDULE O 0 0 872387 97090 474813 LOAN PROGRAM - SEE SCHEDULE O 243370 7251 OTHER PROGRAM SERVICES INCLUDE EDUCATIONAL EVENTS, SUSTAINABLE BUILDING AND COST SAVING TECHNIQUES, MARKETING AND COMMUNICATION, AND FUNDRAISING EVENTS. 227602 3500 HABITAT MINNESOTA SUPPORTS HABITAT AFFILIATES IN MINNESOTA IN IMPLEMENTING THEIR LOCAL AND STATE-LEVEL ADVOCACY GOALS. WE PROVIDE TRAINING AND SUPPORT WITH THE GOAL OF INCREASING AFFORDABLE HOUSING SUPPLY, EDUCATING AFFILIATES ON LAND USE POLICIES AND RESOURCES, AND COMMUNICATING THE ECONOMIC AND COMMUNITY IMPACT HABITAT HAS AROUND THE STATE WITH DECISION-MAKERS AT VARIOUS LEVELS OF GOVERNMENT. HABITAT MINNESOTA IS SEEN AS THE STATE'S EXPERT ON AFFORDABLE HOMEOWNERSHIP. HABITAT IS A NONPARTISAN ORGANIZATION FOCUSED ON BUILDING A WORLD WHERE EVERYONE HAS AN AFFORDABLE PLACE TO CALL HOME. 1343359 1 1 0 1 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 9 0 1 13 1 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 MN X X PHIL HATLIE 6123314439 2171 UNIVERSITY AVE WEST 200 ST PAUL MN 55114 AUBREY ALBRECHT BOARD MEMBER 1.00 X 0 0 0 COLE ST ARNOLD BOARD MEMBER 1.00 X 0 0 0 JIM NELSON BOARD MEMBER 1.00 X 0 0 0 RUTH LUNDE BOARD MEMBER 1.00 X 0 0 0 JILL KIENER TREASURER 1.00 X X 0 0 0 EMMA KASIGA VICE CHAIR 1.00 X X 0 0 0 VINCENT HENRY BOARD MEMBER 1.00 X 0 0 0 DOUG GETTLE BOARD MEMBER 1.00 X 0 0 0 KATIE CUMMING BOARD MEMBER 1.00 X 0 0 0 KEVIN PELKEY SECRETARY 1.00 X X 0 0 0 BRET BUSSE CHAIR 1.00 X X 0 0 0 IRENE RUIZ-BRISENO MEMBER 1.00 X 0 0 0 STAN CARIGNAN MEMBER 1.00 X 0 0 0 KASEY KIER MEMBER 1.00 X 0 0 0 PAT CULLEN MEMBER 1.00 X 0 0 0 DANIELLE DUNCAN MEMBER 1.00 X 0 0 0 PHIL HATLIE FINANCE DIRECTOR 40.00 X 67067 0 1509 CRISTEN INCITTI PRESIDENT & CEO 40.00 X 142148 0 33679 209215 0 35188 1 0 1 0 0 70841 1110602 26173 1181443 LENDING & INTERST INCO 531390 319908 319908 AFFILIATE FEES 900099 116264 116264 OTHER FEES 900099 38742 38742 CONFERENCE REVENUE 900099 10650 10650 485564 179870 179870 4000 4200 -200 -200 -200 MISCELLANEOUS 900099 1706 1706 1706 1848383 485564 0 181376 97090 97090 289254 172882 111619 4753 711835 555422 107456 48957 121825 92359 21520 7946 69668 50916 14927 3825 12331 5500 6627 204 21522 21522 53263 44733 7256 1274 3414 2799 615 35295 26993 5590 2712 25990 18728 4365 2897 71163 50106 12657 8400 31669 28761 918 1990 34047 30900 1931 1216 187888 187888 9656 7255 1739 662 6551 4541 1663 347 MISCELLANEOUS 5111 3919 1020 172 PROVISION FOR LOAN LOSS -37433 -37433 1750139 1343359 320810 85970 1647010 143027 1795330 6003716 83897 27542 27195 48902 59040 59310 43410 23212 15900 33117269 32279249 92849 35435 36752114 38647459 194176 252341 338899 316848 31511057 33246458 186518 212104 32230650 34027751 X 4347206 4607980 174258 11728 4521464 4619708 36752114 38647459 98244 0 X 0 1 X 1 0 X 631258 681435 1156231 2344846 1181443 5995213 631258 681435 1156231 2344846 1181443 5995213 1015220 4979993 24931 3068 2640 24240 183870 238749 28578 28578 170 92472 41963 823 1706 137134 6399674 5046427 0.77820 0.85500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 1 1506 0 0 0 1 1504 1 1502 0 4512 0 PART II-B, LINE 1: HABITAT MINNESOTA ENGAGES IN NONPARTISAN LEGISLATIVE AND ADMINISTRATIVE ADVOCACY AT THE STATE, LOCAL, AND FEDERAL LEVEL ON ISSUES CONNECTED TO AFFORDABLE HOUSING AND HOMEOWNERSHIP. HABITAT MINNESOTA STAFF MEET WITH LAWMAKERS AND PUBLIC OFFICIALS TO SHARE HABITAT'S MISSION, SHARE STORIES OF IMPACT IN LOCAL COMMUNITIES, THE NEED FOR PUBLIC INVESTMENT, PLAN AND PARTICIPATE IN RALLIES AND EVENTS RELATED TO AFFORDABLE HOUSING, SUPPORT AFFILIATES AND HOUSING ADVOCATES IN ADVOCATING A THE NEED FOR AFFORDABLE HOUSING TO THEIR ELECTED LEADERS, AND COMMENT ON POLICIES THAT WOULD IMPACT (POSITIVELY OR NEGATIVELY) THE WORK OUR ORGANIZATION. 59310 43410 15900 15900 PROGRAM RELATED INVESTMENTS-AFFORDABLE HOUSING LOANS 32279249 C 32279249 OPERATING LEASE LIABILITIES 35435 CRV RECOVERABLE GRANTS 176669 212104 X 1867149 14566 14566 1852583 -4200 -4200 1848383 1768905 14566 4200 18766 1750139 0 1750139 PART X, LINE 2: THE ORGANIZATION FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE 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 FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -4,200. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 4,200. 1 HABITAT FOR HUMANITY INTERNATIONAL INC 322 WEST LAMAR STREET ATLANTA GA 31709 911914868 501(C)(3) 20000 0 TITHE LAKE AGASSIZ HFH 210 11TH ST N MOORHEAD MN 56560 411690131 501(C)(3) 8000 0 PROPERTY TAX RELIEF, US BANK ALLOCATION REDWOOD RIVER HFH 1405 E COLLEGE DR MARSHALL MN 56258 911914868 501(C)(3) 7500 0 US BANK ALLOCATION SOUTH CENTRAL MN HFH 1730 BASSETT DR MANKATO MN 56001 411654111 501(C)(3) 6447 0 PROPERTY TAX RELIEF, US BANK ALLOCATION, SCHOLARSHIP EAST CENTRAL HFH 129 2ND AVE SE CAMBRIDGE MN 55008 411781942 501(C)(3) 5488 0 IT & COMPUTER SUPPORT NORTH ST LOUIS CO HFH 5558 ENTERPRISE DR NE VIRGINIA MN 55792 411791050 501(C)(3) 5342 0 PROPERTY TAX RELIEF, US BANK ALLOCATION, SCHOLARSHIP 6 0 PART I, LINE 2: REQUIREMENTS FOR RECEIVING FUNDS ARE ESTABLISHED PRIOR TO THE FUNDS BEING DISBURSED. FOR CRV GRANTS, HABITAT AFFILIATES ARE TO PROVIDE AN ANNUAL CERTIFICATION THAT THE HOMEOWNER CONTINUES TO OCCUPY THE HOME. X X 0 0 0 0 0 0 0 0 0 CRISTEN INCITTI PRESIDENT & CEO 142148 0 0 0 0 0 6197 0 27482 0 175827 0 0 0 X 2 26173 STOCK EXCH. SHARE PRICE 0 0 0 1 PART I, COLUMN (B): COLUMN B REPORTS THE NUMBER OF CONTRIBUTIONS RECEIVED. PART I, LINE 32B: ALL STOCK DONATIONS ARE DIRECTED TO A SECURITIES AND BROKERAGE FIRM TO ACCEPT THE GIFT AND IMMEDIATELY SELL THE STOCK. FORM 990, PART I, LINE 1 HABITAT FOR HUMANITY BRINGS PEOPLE TOGETHER TO BUILD HOMES, COMMUNITY, AND HOPE. THROUGH ADVOCACY, COLLABORATION, AND LEADERSHIP, HABITAT FOR HUMANITY OF MINNESOTA (HABITAT MINNESOTA) ADVANCES THE WORK OF MINNESOTA'S HABITAT FOR HUMANITY AFFILIATES TO CREATE AND PRESERVE AFFORDABLE HOMEOWNERSHIP. HABITAT MINNESOTA IS A STATEWIDE RESOURCE DEVELOPMENT AND SUPPORT ORGANIZATION THAT ADVOCATES FOR AND ADVANCES THE WORK OF MINNESOTA'S HABITAT FOR HUMANITY AFFILIATES. HABITAT MINNESOTA FOCUSES ON SYSTEMS CHANGE AND BOLSTERS THE HABITAT NETWORK IN MINNESOTA, WITH THE GOAL OF A THRIVING, SUSTAINABLE, AND EFFICIENT NETWORK OF AFFORDABLE HOMEOWNERSHIP PROVIDERS IN MINNESOTA. THIS IS ACCOMPLISHED THROUGH FOUR MAIN LINES OF WORK: LENDING AND GRANT PROGRAMS; PUBLIC POLICY AND ADVOCACY EFFORTS; TRAINING AND TECHNICAL ASSISTANCE. PART III, LINE 4A THE MAIN PROGRAM OFFERED BY HABITAT FOR HUMANITY OF MINNESOTA (HFH-MN) IS A LOAN PROGRAM THROUGH WHICH WE PROVIDE A SECONDARY MARKET FOR HABITAT MORTGAGES. AS OF JUNE 30, 2024, WE HAVE FINANCED 971 MORTGAGES FOR AFFILIATES FOR TOTAL LOAN DISBURSEMENTS OF $72.1 MILLION. OVER 2,750 HABITAT FOR HUMANITY HOMES HAVE BEEN SOLD TO PARTNER FAMILIES IN MINNESOTA SINCE THE LATE 1980S. COLLECTIVELY, THESE MORTGAGES TOTAL OVER $100 MILLION IN PRINCIPAL BALANCES. THESE HOMES ARE SOLD WITH 0% INTEREST OR ZERO-EQUIVALENT MORTGAGES. HOMEOWNER MORTGAGE PAYMENTS ARE USED TO BUILD MORE HABITAT HOMES. THE HABITAT MINNESOTA LOAN FUND ALLOWS HFH-MN TO ACT AS A SECONDARY LENDER FOR MINNESOTA HFH MORTGAGES. AFFILIATES PLEDGE THEIR HOMEOWNERS MORTGAGES AND MONTHLY MORTGAGE PAYMENTS TO THE FUND. IN RETURN, AFFILIATES GET THE CASH VALUE OF THE MORTGAGE RIGHT AWAY, RATHER THAN HAVING TO WAIT 20 TO 30 YEARS FOR THE PAYMENTS TO COME IN. AFFILIATES THEN USE THIS CASH TO ACCELERATE HOME BUILDING, ACQUIRE LAND FOR LARGE-SCALE PROJECTS, AND LEVERAGE SUPPORT FROM OTHERS. ALL PLEDGED MORTGAGES MUST BE TO HOMEOWNERS WITH INCOMES AT OR BELOW 80% OF MEDIAN AT THE TIME THE FAMILY WAS SELECTED. A SUBSET OF THIS LOAN FUND WAS APPROVED AND ROLLED OUT IN FY'22. HABITAT HOMEBUYERS MAKING EQUAL TO OR LESS THAN 80% AREA MEDIAN INCOME CAN BE QUALIFIED TO RECEIVED DOWNPAYMENT ASSISTANCE IN THE FORM OF A SUBORDINATE MORTGAGE. THIS SUBORDINATE MORTGAGE LOWERS THE FIRST MORTGAGE AMOUNT, MAKING THEIR PAYMENTS MORE AFFORDABLE, AND FUNDS ARE DISBURSED AFTER CLOSING TO THE HABITAT AFFILIATE WHO DEVELOPED AND SOLD THE PROPERTY. THE HOMEOWNER BEGINS AMORITIZED REPAYMENT OF THE SUBORDINATE MORTGAGE ONLY AFTER THE FIRST MORTGAGE HAS BEEN PAID IN FULL. AS OF JUNE 30, 2024, $6.4 MILLION HAS BEEN DISBURSED FOR THESE PURPOSES. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE OFFICERS OF THE CORPORATION AND SUCH OTHER INDIVIDUALS AS THE BOARD OF DIRECTORS MAY APPROVE. IT SHALL EXERCISE THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE GOVERNANCE OF THE CORPORATION REGARDING ROUTINE AND ORDINARY BUSINESS MATTERS THAT MAY ARISE BETWEEN REGULAR BOARD MEETINGS. IN THE EVENT OF AN EMERGENCY, THE PRESIDENT, AND/OR THE EXECUTIVE COMMITTEE MAY ACT ON BEHALF OF THE BOARD OF DIRECTORS. IN EITHER CASE, WHEN THE PRESIDENT OF THE BOARD OF DIRECTORS OR THE EXECUTIVE COMMITTEE ACTS ON BEHALF OF THE BOARD OF DIRECTORS, THE ACTION WILL BE SUBMITTED FOR RATIFICATION TO THE FULL BOARD OF DIRECTORS AT ITS NEXT REGULAR MEETING. FORM 990, PART VI, SECTION B, LINE 11B REVIEW OF THE 990 IS THE DUTY OF ALL FINANCE COMMITTEE MEMBERS AND THE BOARD. FINANCE COMMITTEE MEMBERS RECEIVE THE DRAFT FORM 990 AND HAVE A CHANCE TO REVIEW AND COMMENT ON IT BEFORE THE DRAFT IS PROVIDED BY EMAIL TO THE FULL BOARD. BOARD MEMBERS RECEIVE THE 990 BY EMAIL AND VOTE TO APPROVE IT AT A BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICTS POLICY: WE HAVE A WRITTEN CONFLICT OF INTEREST POLICY WITHIN OUR BYLAWS. PURSUANT TO THE POLICY, BOARD MEMBERS AND KEY STAFF MUST ANNUALLY SIGN A STATEMENT CERTIFYING THAT THEY HAVE READ THE POLICY AND DISCLOSED ANY ORGANIZATIONAL AFFILIATIONS THAT MAY GIVE RISE TO A CONFLICT UNDER THE POLICY. NEW BOARD MEMBERS ARE REQUIRED TO SIGN STATEMENTS WHEN THEY JOIN THE BOARD AND RETURNING BOARD MEMBERS MUST SIGN STATEMENTS AT THE BEGINNING OF EACH FISCAL YEAR. THE EXECUTIVE DIRECTOR IS MINDFUL OF DISCLOSED CONFLICTS AND HAS A DUTY TO BRING SUCH CONFLICTS TO THE BOARD'S ATTENTION IF ANY BOARD MEMBER WHOSE AFFILIATIONS ARE IMPLICATED BY A GIVEN DISCUSSION DOES NOT BROACH THE POTENTIAL CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD REVIEWS THE PERFORMANCE AND THE SALARY OF THE PRESIDENT & CEO ANNUALLY FOLLOWING AN ESTABLISHED PROCEDURE THAT REQUIRES A WRITTEN REPORT AND USE OF COMPENSATION COMPARABILITY DATA. ALL EMPLOYEES ARE GIVEN PERFORMANCE REVIEWS AND SALARIES ARE ADJUSTED BASED ON PERFORMANCE AND COMPARABILITY DATA. THE PRESIDENT & CEO'S COMPENSATION REVIEW WAS LAST COMPLETED IN FEBRUARY 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDES THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY TO THE PUBLIC UPON REQUEST.