2026-01-13T09:26:04-06:00 2025-06-30 341874260 CBIZ ADVISORS LLC 700 WEST 47TH STREET SUITE 1100 KANSAS CITY MO 64112 990 2024-07-01 411889904 HABITAT FOR HUMANITY OF MINNESOTA INC HABI 6123314439 PO BOX 14297 ST PAUL MN 55114 CRISTEN INCITTI PRESIDENT & CEO 6123314439 2025-12-16 1 1 LISA BURKE P00220718 8169455500 2024 2025-03-06 01:10:19Z X CRISTEN INCITTI PO BOX 14297 ST PAUL MN 55114 5502703 0 X HTTPS://HABITATMINNESOTA.ORG X 1997 MN HABITAT FOR HUMANITY BRINGS PEOPLE TOGETHER TO BUILD HOMES, COMMUNITY, AND HOPE. 16 16 16 16 0 0 1181443 4620980 485564 687290 179870 193876 1506 557 1848383 5502703 97090 420710 0 0 1192582 1435325 0 0 106544 460467 657247 1750139 2513282 98244 2989421 38647459 40520566 34027751 32911437 4619708 7609129 X HABITAT FOR HUMANITY BRINGS PEOPLE TOGETHER TO BUILD HOMES, COMMUNITY, AND HOPE. THROUGH ADVOCACY, COLLABORATION, AND LEADERSHIP, HFH-MN ADVANCES THE WORK OF MINNESOTA'S HABITAT FOR HUMANITY AFFILIATES TO CREATE AND PRESERVE AFFORDABLE HOMEOWNERSHIP. (CONTINUED ON SCH O)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 SYSTEM 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. 0 0 674549 367109 LOAN PROGRAM: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, 2025, WE HAVE FINANCED 976 MORTGAGES FOR AFFILIATES FOR TOTAL LOAN DISBURSEMENTS OF $73 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. (CONTINUED ON SCHEDULE O)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 GIVEN 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 FY22. HABITAT HOMEBUYERS MAKING EQUAL TO OR LESS THAN 80% AREA MEDIAN INCOME CAN BE QUALIFIED TO RECEIVE 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 AMORTIZED REPAYMENT OF THE SUBORDINATE MORTGAGE ONLY AFTER THE FIRST MORTGAGE HAS BEEN PAID IN FULL. AS OF JUNE 30, 2025, $8 MILLION HAS BEEN DISBURSED FOR THESE PURPOSES. 387152 7242 132228 DEVELOPMENT SERVICES:IN FY25, WE HELD A REGIONAL HABITAT CONFERENCE IN PARTNERSHIP WITH STATE-WIDE HABITATS FROM IOWA AND ILLINOIS. 78 HABITAT AFFILIATED ORGANIZATIONS FROM 9 STATES ATTENDED THE CONFERENCE. WE PROVIDED TRAINING THAT INCLUDED LEADERSHIP DEVELOPMENT, COMPLIANCE, NEW STAFF ORIENTATIONS, MONTHLY WEBINARS, AND WEEKLY NETWORKING CALLS. WE PROVIDED TECHNICAL ASSISTANCE THAT INCLUDED SUPPORT ON MORTGAGE ORIGINATION, FUNDRAISING, FINANCE, POLICY APPLICATION, AND BOARD DEVELOPMENT. 443989 270500 187953 CAPACITY BUILDING: IN FY25, OUR GRANTING PROGRAM GREW TO A TOTAL OF $301,000 IN GRANTS TO THE MN HABITAT AFFILIATES. $30,800 OF THOSE GRANTS ARE A TITHE TO HABITAT FOR HUMANITY INTERNATIONAL, REPORTED ON FORM 990, PART IX, LINE 21. 580030 142968 OTHER PROGRAM SERVICES INCLUDED SUSTAINABLE BUILDING, COST SAVINGS TECHNIQUES, ADVOCACY, MARKETING AND COMMUNICATIONS, AND FUNDRAISING EVENTS. 580030 142968 2085720 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 0 0 0 0 0 0 0 0 0 1 7 0 1 16 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X X X ANA MAYVILLE FINANCE MANAGER 6123314439 2550 UNIVERSITY AVENUE WEST ST PAUL MN 55114 BRET BUSSE CHAIR 0.25 X X 0 0 0 EMMA KASIGA VICE CHAIR 0.25 X X 0 0 0 JILL KIENER TREASURER 0.25 X X 0 0 0 IRENE RUIZ-BRISENO SECRETARY 0.25 X X 0 0 0 AUBREY ALBRECHT MEMBER 0.25 X 0 0 0 STAN CARIGNAN MEMBER 0.25 X 0 0 0 PAT CULLEN MEMBER 0.25 X 0 0 0 KATIE CUMMING MEMBER 0.25 X 0 0 0 DANIELLE DUNCAN MEMBER 0.25 X 0 0 0 VINCENT HENRY MEMBER 0.25 X 0 0 0 SONDRA HERMAN MEMBER 0.25 X 0 0 0 KASEY KIER MEMBER 0.25 X 0 0 0 RUTH LUNDE MEMBER 0.25 X 0 0 0 JIM NELSON MEMBER 0.25 X 0 0 0 COLE ST ARNOLD MEMBER 0.25 X 0 0 0 NATHAN THOMPSON MEMBER 0.25 X 0 0 0 CRISTEN INCITTI PRESIDENT & CEO 40.00 X 153577 0 47371 PHIL HATLIE FINANCE DIRECTOR 40.00 X 114058 0 2564 BECCA SEIDEL DEPUTY EXECUTIVE DIRECTOR 40.00 X 109777 0 26829 DEVON POHLMAN LENDING STRATEGIES DIRECTOR 40.00 X 114105 0 1010 491517 0 77774 4 0 1 0 0 2412221 2208759 4620980 LOAN INTEREST INCOME 531390 367109 367109 PROGRAM FEES 531390 187953 187953 CONFERENCE 611710 132228 132228 687290 193876 193876 557 557 557 5502703 687290 0 194433 420710 420710 295381 146985 141932 6464 865274 742311 61767 61196 21796 19939 142 1715 170987 139914 19607 11466 81887 63025 13960 4902 13890 4947 8943 35123 35123 19 19 26920 23524 2311 1085 1797 1273 524 56819 39492 7884 9443 27373 19047 5720 2606 78895 62854 11052 4989 38467 37005 1288 174 106432 97565 8557 310 173861 173861 30800 30102 698 7873 6172 1171 530 7157 5154 1561 442 LOAN SERVICING COSTS 51821 51821 2513282 2085720 321018 106544 143027 357595 6003716 6276860 83897 144857 34540 31628 59310 51284 15900 8026 32279249 33560037 87130 141563 38647459 40520566 252341 321128 316848 2533290 33246458 21157927 8810017 212104 89075 34027751 32911437 X 4607980 7251123 11728 358006 4619708 7609129 38647459 40520566 2989421 0 X X 0 1 X 1 0 X 773907 1449958 2344846 1181443 4620980 10371134 773907 1449958 2344846 1181443 4620980 10371134 1463423 8907711 3068 100 105652 183870 193876 486566 8123 28579 36702 10894402 3817652 0.81760 0.77820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 0 0 1 2038 2038 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 OF OUR ORGANIZATION. 53238 45212 8026 6072 6072 0 8026 AFFORDABLE HOUSING LOANS 33560037 C 33560037 OPERATING LEASE LIABILITIES 89075 89075 X 5502703 0 5502703 0 5502703 2513282 0 2513282 0 2513282 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE LAW. 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. THE ORGANIZATION FILES FORMS 990 IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF MINNESOTA. THE ORGANIZATION IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES FOR THREE YEARS AFTER THE DATE OF FILING, INCLUDING EXTENSIONS. 1 TWO RIVERS HABITAT FOR HUMANITY 1530 GREENVIEW DR SW STE 107 ROCHESTER MN 55902 411664586 501(C)(3) 99062 0 N/A N/A RESULTS FOUNDATION GIFT LAKES AREA HABITAT FOR HUMANITY 415 8TH AVE NE BRAINERD MN 56401 411659149 501(C)(3) 51800 0 N/A N/A MPCA GRANT - EXPANSION OF RESTORE CENTRAL MN HABITAT FOR HUMANITY 3335 W ST GERMAIN ST SUITE 108 ST CLOUD MN 56301 411634218 501(C)(3) 40000 0 N/A N/A US BANK FOUNDATION GRANT DISBURSEMENT TO AFFILIATES AND CAPACITY BUILDING GRANT GOODHUE CO HABITAT FOR HUMANITY 614 PLUM ST RED WING MN 55066 411762123 501(C)(3) 38783 0 N/A N/A US BANK ALLOCATION AND CAPACITY BUILDING GRANT FOR HIRE OT CONTRACTOR EAST CENTRAL MN HABITAT FOR HUMANITY 129 2ND AVE SE CAMBRIDGE MN 55008 411781942 501(C)(3) 30715 0 N/A N/A CAPACITY BUILDING GRANT FOR HIRING A FULL-TIME EXECUTIVE DIRECTOR NORTH ST LOUIS CO HABITAT FOR HUMANITY 5558 ENTERPRISE DR NE VIRGINIA MN 55792 411791050 501(C)(3) 26619 0 N/A N/A US BANK ALLOCATION, CAPACITY BUILDING GRANT FOR SCAFFOLDING AND TRAILER WEST CENTRAL HABITAT FOR HUMANITY 4722 HIGHWAY 71 NE WILLMAR MN 56201 411726284 501(C)(3) 22606 0 N/A N/A CAPACITY BUILDING GRANT FOR BUILDING AND TECH UPDATES HABITAT FOR HUMANITY SERVING WINONA COUNTY 126 N BAKER ST WINONA MN 55987 411755549 501(C)(3) 15699 0 N/A N/A CAPACITY BUILDING GRANT FOR PART TIME GRANT RESEARCHING AND WRITING FERGUS FALLS HABITAT FOR HUMANITY 225 W CAVOUR AVE FERGUS FALLS MN 56537 411693586 501(C)(3) 15000 0 N/A N/A CAPACITY BUILDING GRANT FOR GRANT WRITING BY CONTRACT ITASCA CO HABITAT FOR HUMANITY 510 SE 11TH ST GRAND RAPIDS MN 55744 411732842 501(C)(3) 11708 0 N/A N/A US BANK ALLOCATION, CAPACITY BUILDING GRANT FOR PART TIME COMMUNITY OUTREACH COORDINATOR THE SOLSTICE PROJECT LLC 222 E MARCY ST STE 19 SANTA FE NM 87501 521185238 501(C)(3) 9857 0 N/A N/A COMMUNITY AND ECONOMIC DEVELOPMENT MORRISON CO HABITAT FOR HUMANITY 2100 RIVERVIEW DR LITTLE FALLS MN 56345 411873457 501(C)(3) 9850 0 N/A N/A US BANK ALLOCATION, CAPACITY BUILDING GRANT FOR PART TIME VOLUNTEER TWIN CITIES HFH (V) 1954 UNIVERSITY AVE W ST PAUL MN 55104 363363171 501(C)(3) 9000 0 N/A N/A RESULTS FOUNDATION GIFT LAKE AGASSIZ HABITAT FOR HUMANITY 210 11TH ST N MOORHEAD MN 56560 411690131 501(C)(3) 7500 0 N/A N/A US BANK ALLOCATION REDWOOD RIVER HABITAT FOR HUMANITY 1405 E COLLEGE DR MARSHALL MN 56258 411955276 501(C)(3) 7500 0 N/A N/A US BANK ALLOCATION SOUTH CENTRAL MN HABITAT FOR HUMANITY 1730 BASSETT DR MANKATO MN 56001 411654111 501(C)(3) 5850 0 N/A N/A US BANK ALLOCATION DOUGLAS CO HABITAT FOR HUMANITY 1211 N NOKOMIS NE SUITE A ALEXANDRIA MN 56308 411869669 501(C)(3) 5300 0 N/A N/A CAPACITY BUILDING GRANT FOR VISTING TOUR 17 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. NO REPORTS REQUIRED FOR US BANK OR RESULTS FOUNDATION FUNDS. X X 0 0 0 0 0 0 0 0 0 CRISTEN INCITTI PRESIDENT & CEO 153577 0 0 0 0 0 6546 0 40825 0 200948 0 0 0 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 THE AUDIT COMMITTEE, WHICH IS MADE UP OF THE FINANCE AND THE EXECUTIVE COMMITTEES, REVIEWS THE 990 BEFORE FILING WITHE IRS. THE 990 IS ALSO SHARED WITH THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C 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 15 THE BOARD OF DIRECTORS DOES A MID-YEAR REVIEW OF THE PRESIDENT/CEO PERFORMANCE AND COMPENSATION. THIS IS USUALLY COMPLETED IN FEBRUARY EACH YEAR. THE BOARD THEN RECEIVES A RECOMMENDATION OF ANNUAL COMPENSATION AND VOTES TO APPROVE. THIS IS DOCUMENTED IN THE BOARD MINUTES. OTHER OFFICERS & STAFF GET A COMPENSATION REVIEW DURING THE ANNUAL BUDGETING PROCESS. THIS REVIEW INCLUDES REVIEW OF ALL COMPENSATION, COMPENSATION SURVEYS, AND OTHER MARKET SURVEYS IF NEEDED. OTHER OFFICERS AND STAFF COMPENSATION IS DETERMINED BY THE CEO, BUT APPROVED BY THE BOARD. THE LATEST COMPENSATION SURVEY WAS COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION'S FINANCIAL STATEMENTS, ANNUAL REPORTS, AND FORMS 990 ARE ALSO AVAILABLE ON ITS WEBSITE AT HTTPS://HABITATMINNESOTA.ORG/IMPACT-DATA/. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS.