2024-03-27T11:07:19-05:00 2023-06-30 341873282 CBIZ MHM LLC 222 SOUTH 9TH STREET SUITE 1000 MINNEAPOLIS MN 55402 990 2022-07-01 411889904 HABITAT FOR HUMANITY OF MINNESOTA INC HABI 6123314439 2171 UNIVERSITY AVENUE WEST 200 ST PAUL MN 55114 CRISTEN INCITTI PRESIDENT & CEO 6123314439 2024-03-15 1 CRISTEN INCITTI 999009999 0 BRUCE THIEL P00526510 6123397811 2024-03-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CRISTEN INCITTI 2171 UNIVERSITY AVENUE WEST 200 ST PAUL MN 55114 3197123 0 X HTTPS://HABITATMINNESOTA.ORG X 1997 MN HABITAT FOR HUMANITY BRINGS PEOPLE TOGETHER TO BUILD HOMES, COMMUNITY, AND HOPE. 18 18 9 23 0 0 1156231 2344846 1041373 672360 2640 81412 93646 53988 2293890 3152606 207911 176317 0 0 444345 655861 0 0 74901 1164362 626865 1816618 1459043 477272 1693563 30111691 36752114 26707291 32230650 3404400 4521464 X SEE SCHEDULE O 0 0 429383 626017 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, 2023, 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 AMMORITIZED REPAYMENT OF THE SUBORDINATE MORTGAGE ONLY AFTER THE FIRST MORTGAGE HAS BEEN PAID IN FULL. AS OF JUNE 30, 2023, $3 MILLION HAS BEEN DISBURSED FOR THESE PURPOSES. 144820 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. 124854 38444 HABITAT MINNESOTA PROVIDES TRAINING AND TECHNICAL ASSISTANCE PROGRAMMING TO OUR BORROWER AFFILIATTES. BI-ANNUALLY, HABITAT MINNSOTA HOSTS AN AFFILIATE LEARNING CONFERENCE. IN FY23, IT WAS HOSTED IN FEBRUARY 2023 AND AFFILIATES REPRESENTING 5 DIFFERENT STATES WERE PRESENT. MORE THAN 100 ATTENDEES PARTICIPATED; TOPICS INCLUDED CONSTRUCTION COST PLANNING, SAFEGUARDING, MORTGAGE SERVING COMPLIANCE, FAMILY SELECTION, BUSINESS OPERATIONS, AND OTHERS CONNECTED TO THE BUSINESS OF MANAGING A HABITAT FOR HUMANITY AFFILIATE. 399717 176317 24265 OTHER PROGRAM SERVICES INCLUDE EDUCATIONAL EVENTS, SUSTAINABLE BUILDING AND COST SAVING TECHNIQUES, MARKETING AND COMMUNICATION, AND FUNDRAISING EVENTS. 399717 176317 24265 1098774 1 1 0 1 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 5 0 1 9 1 0 0 0 0 0 0 0 0 0 0 X 18 18 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 JULIE GUGIN CHAIR 2.00 X X 0 0 0 BRET BUSSE VICE CHAIR 2.00 X X 0 0 0 DEB FLANNERY TREASURER 2.00 X X 0 0 0 KEVIN PELKEY SECRETARY 2.00 X X 0 0 0 MARY JAYNE CROCKER BOARD MEMBER 1.00 X 0 0 0 KATIE CUMMING BOARD MEMBER 1.00 X 0 0 0 DOUG GETTLE BOARD MEMBER 1.00 X 0 0 0 MARJORIE GREVIOUS BOARD MEMBER 1.00 X 0 0 0 MIKE HALEY BOARD MEMBER - PART YEAR 1.00 X 0 0 0 VINCENT HENRY BOARD MEMBER 1.00 X 0 0 0 GERI HICKERSON BOARD MEMBER 1.00 X 0 0 0 EMMA KASIGA BOARD MEMBER 1.00 X 0 0 0 JILL KEINER BOARD MEMBER 1.00 X 0 0 0 CATHY LAWRENCE BOARD MEMBER 1.00 X 0 0 0 RUTH LUNDE BOARD MEMBER 1.00 X 0 0 0 JIM NELSON BOARD MEMBER 1.00 X 0 0 0 GRANT PILLER BOARD MEMBER 1.00 X 0 0 0 COLE ST ARNOLD BOARD MEMBER - PART YEAR 1.00 X 0 0 0 AUBREY ALBRECHT BOARD MEMBER 1.00 X 0 0 0 CRISTEN INCITTI PRESIDENT & CEO 40.00 X 130198 0 29287 PHIL HATLIE FINANCE DIRECTOR 40.00 X 0 0 0 130198 0 29287 1 0 1 0 0 227701 579920 1537225 31632 2344846 LENDING & INTERST INCO 531390 322060 322060 AFFILIATE FEES 900099 273604 273604 CONFERENCE REVENUE 900099 38444 38444 OTHER FEES 900099 38252 38252 672360 81412 81412 24240 16020 8220 8220 8220 57076 227701 28497 28579 28579 H2K PROGRAM RESERVE CL 531390 16366 16366 MISCELLANEOUS 900099 823 823 17189 3152606 688726 0 119034 X 176317 176317 167802 114269 48715 4818 402400 287313 65340 49747 46515 33045 6558 6912 39144 27560 7673 3911 21522 21522 195883 85340 108908 1635 1049 634 385 30 36456 24267 9898 2291 51054 44800 2068 4186 11744 10108 1444 192 35925 33895 1545 485 201476 201476 2411 1557 733 121 8436 8436 PROVISION FOR LOAN LOSS 39866 39866 MISCELLANEOUS 11657 8941 2143 573 TITHE 9386 9386 1459043 1098774 285368 74901 1647010 4471857 1795330 27237 27542 3630 80434 48902 58189 34977 2760 23212 25525773 33117269 0 92849 30111691 36752114 250027 194176 451825 338899 25871316 31511057 134123 186518 26707291 32230650 X 3392672 4347206 11728 174258 3404400 4521464 30111691 36752114 1693563 -576499 0 X 0 1 X 1 0 X 689566 631258 681435 1156231 2344846 5503336 689566 631258 681435 1156231 2344846 5503336 578815 4924521 37389 24931 3068 2640 24240 92268 28578 28578 170 92472 41963 823 135428 5759610 5880300 0.85500 0.89420 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 0 0 0 1 3038 1 3040 0 6078 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, AND COMMENT ON POLICIES THAT WOULD IMPACT (POSITIVELY OR NEGATIVELY) THE WORK OUR ORGANIZATION. 58189 34977 23212 23212 PROGRAM RELATED INVESTMENTS-AFFORDABLE HOUSING LOANS 33117269 C 33117269 OPERATING LEASE LIABILITIES 92849 CRV RECOVERABLE GRANTS 93669 186518 X 3047703 26897 26897 3020806 131800 131800 3152606 1354140 26897 44517 71414 1282726 176317 176317 1459043 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: HAB 500 EVENT EXPENSES -28,497. HAB 500 EXPENSES (RIDER DESIGNATED CONTRIBUTIONS) 176,317. RENTAL EXPENSES -16,020. PART XII, LINE 2D - OTHER ADJUSTMENTS: HAB 500 EVENT EXPENSES 28,497. RENTAL EXPENSES 16,020. PART XII, LINE 4B - OTHER ADJUSTMENTS: HAB 500 EXPENSES (RIDER DESIGNATED CONTRIBUTIONS) 176,317. HABITAT FOR HUMANITY 500 284777 227701 57076 2049 1173 25275 284777 227701 57076 2049 1173 25275 28497 28579 1 CHAMPAIGN COUNTY HABITAT FOR HUMANITY 1914 GLENN PARK DR CHAMPAIGN IL 61821 371277094 501(C)(3) 10102 0 HABITAT 500 TWIN CITIES HABITAT FOR HUMANITY 1954 UNIVERSITY AVE W ST PAUL MN 55104 363363171 501(C)(3) 14960 0 HABITAT 500 LA CROSSE AREA HABITAT FOR HUMANITY 3181 BERLIN DRIVE LA CROSSE WI 54601 391706999 501(C)(3) 14286 0 HABITAT 500 CENTRAL MN HABITAT FOR HUMANITY 3335 WEST SAINT GERMAIN ST 108 SAINT CLOUD MN 56301 411634218 501(C)(3) 6525 0 HABITAT 500 MILWAUKEE HABITAT FOR HUMANITY 3726 N BOOTH ST MILWAUKEE WI 53212 391496741 501(C)(3) 14308 0 HABITAT 500 GOODHUE COUNTY HABITAT FOR HUMANITY 614 PLUM ST RED WING MN 55066 411762123 501(C)(3) 5490 0 HABITAT 500 NORTH ST LOUIS COUNTY HABITAT FOR HUMANITY PO BOX 24 VIRGINIA MN 55792 411791050 501(C)(3) 5879 0 HABITAT 500 FERGUS FALLS AREA HABITAT FOR HUMANITY PO BOX 434 FERGUS FALLS MN 56538 411693586 501(C)(3) 57586 0 HABITAT 500 HABITAT FOR HUMANITY LAKESIDE PO BOX 973 SHEBOYGAN WI 53082 391750309 501(C)(3) 9448 0 HABITAT 500 HABITAT FOR HUMANITY INTERNATIONAL INC 322 W LAMAR ST AMERICUS GA 31709 911914868 501(C)(3) 7262 0 HABITAT 500 10 PART I, LINE 2: REQUIREMENTS FOR RECEIVING FUNDS ARE ESTABLISHED PRIOR TO THE FUNDS BEING DISBURSED. NO FURTHER MONITORING OF GRANT FUNDS IS REQUIRED FOR HABITAT 500 DISBURSEMENTS. 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 130198 0 0 0 0 0 3906 0 25381 0 159485 0 0 0 X 3 31632 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; AND DISASTER RECOVERY AND RESPONSE. 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 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDES THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 70,374. MANAGEMENT AND GENERAL EXPENSES 108,908. FUNDRAISING EXPENSES 1,635. TOTAL EXPENSES 180,917. LOAN TRUSTEE FEES: PROGRAM SERVICE EXPENSES 11,100. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,100. ADMIN FEES: PROGRAM SERVICE EXPENSES 3,866. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,866.