2025-02-24T17:45:31-06:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2023-07-01 811958719 TCHFH LENDING INC TCHF 6512071700 1954 UNIVERSITY AVENUE WEST SAINT PAUL MN 55104 ROBYN BIPES-TIMM PRESIDENT 6512071700 2025-02-18 1 0 RACHEL FLANDERS P01591790 6123764500 2025-02-18 2023 2025-03-06 01:10:19Z ROBYN BIPES-TIMM 1954 UNIVERSITY AVENUE WEST SAINT PAUL MN 55104 5304661 0 8545 X HTTPS://HOME.TCHABITAT.ORG/TCHFH-LENDING-INC X 2016 MN PROVIDING AFFORDABLE HOME MORTGAGES TO HELP THE UNDERSERVED ATTAIN HOMEOWNERSHIP 7 7 0 7 0 0 1322431 4015779 1077409 1183897 66844 104985 0 0 2466684 5304661 54636 1850832 0 0 888442 896005 0 0 0 780460 733874 1723538 3480711 743146 1823950 9939150 11409917 6953054 6599871 2986096 4810046 X THE MISSION OF TCHFH LENDING, INC. IS TO HELP THOSE UNDERSERVED BY THE TRADITIONAL MORTGAGE INDUSTRY ATTAIN HOMEOWNERSHIP THROUGH ITS AFFORDABLE MORTGAGE PROGRAM. 1 0 811915 3571 0 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 137 MORTGAGE LOANS IN FY24. 618236 0 1183897 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 1,364 LOANS IN FY24. 1847261 1847261 0 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 125 HOMEBUYERS IN FY24. 3277412 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 0 MN X X SHANNON ASH 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 ERIC SKALLAND DIRECTOR 0.50 1.00 X 0 0 0 JONATHAN SAGE-MARTINSON DIRECTOR 0.50 1.00 X 0 0 0 BRANDON BERG DIRECTOR 0.50 1.00 X 0 0 0 SCOTT HIETPAS DIRECTOR 0.50 1.00 X 0 0 0 BRUCE PARADIS DIRECTOR 0.50 1.00 X 0 0 0 ROBYN BIPES-TIMM PRESIDENT 10.00 30.00 X 0 231481 46189 0 231481 46189 0 0 1 0 0 1537750 2478029 4015779 LOAN SERVICING REVENUE 623000 1183897 1183897 1183897 104985 104985 5304661 1183897 0 104985 3571 3571 1847261 1847261 90721 86557 4164 630380 536808 93572 14719 12419 2300 106516 90731 15785 53669 46289 7380 3267 3267 18960 18960 2250 2250 35469 35157 312 768 768 4407 4407 177580 177580 18870 18870 LOAN SERVICING AND BANK 217371 217371 MISCELLANEOUS EXPENSE 141926 141926 PAYMENTS TO RELATED PAR 113006 52180 60826 3480711 3277412 203299 0 1566990 3216454 1123636 652606 36870 94061 5238632 5048834 12125 13486 1960897 2384476 9939150 11409917 17013 51280 1148527 2984197 3993798 3094245 1793716 470149 6953054 6599871 X 2986096 4810046 2986096 4810046 9939150 11409917 1823950 0 X 0 1 X 1 1 1 X X X 1 TWIN CITIES HABITAT FOR HUMANITY INC 363363171 7 1 3571 0 1 3571 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 LOAN SERVICING ASSET 2384476 2384476 DUE TO TWIN CITIES HABITAT FOR HUMANITY, INC. 470149 470149 X 5304661 0 5304661 0 5304661 3480711 0 3480711 0 3480711 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 DOWN PAYMENT AND CLOSING COST ASSISTANCE 172 1847261 PART I, LINE 2: THE ORGANIZATION HAS WRITTEN PROCEDURES TO VERIFY ELIGIBILITY FOR DOWN PAYMENT AND CLOSING COST ASSISTANCE. GRANT AMOUNTS ARE TRACKED IN THE LOAN TRACKER AND REVIEWED ON AN ONGOING BASIS. 0 0 0 0 0 0 0 0 0 ROBYN BIPES-TIMM PRESIDENT 0 231481 0 0 0 0 0 9259 0 36930 0 277670 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 III, LINE 2 TCHFH LENDING, INC. IS COMMITTED TO FOSTERING INCLUSIVE COMMUNITIES AND ADVANCING OPPORTUNITIES FOR ALL. THROUGH OUR ADVANCING BLACK HOMEOWNERSHIP COMMUNITY FUND, WE AIM TO SUPPORT AND EMPOWER BLACK FAMILIES IN ACHIEVING THE DREAM OF HOMEOWNERSHIP. OUR FIRST GENERATION DOWN PAYMENT ASSISTANCE PROGRAM IS SPECIFICALLY DESIGNED TO PROVIDE FINANCIAL ASSISTANCE TO FIRST-GENERATION HOMEBUYERS, HELPING TO BREAK DOWN BARRIERS AND CREATE PATHWAYS TO LONG-TERM FINANCIAL STABILITY AND GENERATIONAL WEALTH. 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 MONITORING AND REPORTING BOARD OF DIRECTOR AND KEY EMPLOYEE CONFLICTS ARE DESCRIBED IN THE GOVERNING DOCUMENTS, REVIEWED IN INITIAL TRAINING, UPDATED ANNUALLY AND KNOWN BY OTHER MEMBERS. PROTOCOL FOR CONFLICTED VOTES OR DECISIONS IS PROVIDED IN GOVERNING DOCUMENTS AND USED IN MEETINGS. CONFLICTED DECISIONS AT THE BOARD LEVEL REQUIRES ANNOUNCEMENT OF THE CONFLICT AND WITHDRAWAL FROM VOTING ON THE ISSUE. IF THE CONFLICT IS SIGNIFICANT, THE MEMBER WILL BE ASKED TO LEAVE THE MEETING DURING DISCUSSIONS. AT THE STAFF LEVEL, CONFLICTS ARE IDENTIFIED VIA CONFLICT STATEMENTS PROVIDED UPON EMPLOYMENT AND REGULARLY UPDATED. NOTICE IS GIVEN TO THE SUPERVISOR OF POSSIBLE CONFLICT ACTIVITIES. SIGNIFICANT OR COMPLEX CONFLICTS ARE EXAMINED AND RESOLVED BY THE EXECUTIVE STAFF. OPERATING DECISIONS WHICH ARE CONFLICTED ARE MADE BY STAFF SENIOR TO THE PARTY INVOLVED. ALL PROCEEDINGS ARE DOCUMENTED IN THE MEETING MINUTES OR AS OTHERWISE APPROPRIATE. 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