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Nonprofit · EIN 36-3287080

TWIN CITIES HOUSING DEVELOPMENT CORPORATION

Tax-exempt · SAINT PAUL, MN 55108

Financials

$6M$5.8M2023$8.4M$6.8M2024
Revenue Expenses · by fiscal year end
Financials of TWIN CITIES HOUSING DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$8,443,480$6,785,701$1,657,779$50,477,598$36,054,380$14,423,218
December 31, 2023990$6,026,846$5,780,048$246,798$43,776,020$32,149,316$11,626,704
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,076,737
of which government grants
$2,073,287
Program service revenue
$5,905,618
Investment income
$198,218
Other revenue
$262,907

Expenses

Grants and similar amounts paid
$1,000
Compensation of officers, directors and key employees
$261,870
Other salaries and wages
$627,881
Salaries, compensation and benefits (total)
$1,068,798
Professional fundraising fees
$0
Legal fees
$2,040
Accounting fees
$102,423
Occupancy
$1,750,352
Depreciation
$1,541,364
Program services (functional)
$6,608,999
Management and general (functional)
$176,702

Balance sheet and other

Total assets, start of year
$43,776,020
Total assets, end of year
$50,477,598
Total liabilities, end of year
$36,054,380
Net assets, end of year
$14,423,218
Land, buildings and equipment
$30,977,136
Net assets without donor restrictions
$14,397,698
Net assets with donor restrictions
$25,520
Gross receipts
$8,443,480
Employees
7
Volunteers
10
Year formed
1984
State of legal domicile
MN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
BARBARA M MCQUILLANEXECUTIVE DIRECTOR
Officer
40$229,810$32,060
KEN ISAACSONDEVELOPMENT MANAGER
Highest-paid employee
40$160,574$29,297
MARGARET METZDORFFSENIOR ASSET MANAGER
Highest-paid employee
40$135,800$27,053
DEBRA PALMQUISTSENIOR ASSET MANAGER
Highest-paid employee
40$124,806$22,964
HUGH CAMERONBOARD MEMBER
Trustee or director
1$0$0
CHARLES GARDNERBOARD MEMBER
Trustee or director
1$0$0
LAURA HANSENVICE PRESIDENT
Trustee or director, Officer
1$0$0
DENISE BEIGBEDERBOARD MEMBER
Trustee or director
1$0$0
PATTY LILLEDAHLCHAIR
Trustee or director, Officer
1$0$0
HARRY MELANDERBOARD MEMBER
Trustee or director
1$0$0
DAVID LINDSAYBOARD MEMBER
Trustee or director
1$0$0
STEPHEN WILSONBOARD MEMBER
Trustee or director
1$0$0
SARAH ERICKSONSECRETARY/TREASURER
Trustee or director, Officer
1$0$0
KENT PAULSONBOARD MEMBER
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensationOther / benefits
BARBARA M MCQUILLANEXECUTIVE DIRECTOR
Officer
40$224,242$29,312
KEN ISAACSONDEVELOPMENT MANAGER
Highest-paid employee
40$155,788$27,422
DEBRA PALMQUISTSENIOR ASSET MANAGER
Highest-paid employee
40$138,666$26,858
MARGARET METZDORFSENIOR ASSET MANAGER
Highest-paid employee
40$127,325$25,152
HUGH CAMERONBOARD MEMBER
Trustee or director
1$0$0
CHARLES GARDNERBOARD MEMBER
Trustee or director
1$0$0
LAURA HANSENVICE PRESIDENT
Trustee or director, Officer
1$0$0
DENISE BEIGBEDERBOARD MEMBER
Trustee or director
1$0$0
PATRICIA LILLEDAHLPRESIDENT
Trustee or director, Officer
1$0$0
HARRY MELANDERBOARD MEMBER
Trustee or director
1$0$0
DAVID LINDSAYTREASURER/SECRETARY
Trustee or director, Officer
1$0$0
STEVEN WILSONBOARD MEMBER
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
1360 ENERGY PARK DR STE 210, SAINT PAUL, MN 55108-5252
Principal officer (990 for 2024)
AMANDA NOVAK, 1360 ENERGY PARK DRIVE 210, ST PAUL, MN 55108
Signed the 990
AMANDA NOVAK, PRESIDENT
Phone
(651) 292-0211
Return prepared by
CBIZ ADVISORS LLC

Mission

TWIN CITIES HOUSING DEVELOPMENT CORPORATION'S (TCHDC) MISSION IS TO PROVIDE QUALITY AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME PERSONS WHICH IS RESPECTFUL OF THE COMMUNITIES IN WHICH THE HOUSING IS LOCATED.

990 for the year ended December 31, 2024

Program accomplishments

  • SEE SCHEDULE O
    Expenses $6,608,999 · grants $1,000 · revenue $5,905,618

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
36-3287080
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2012
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$50,477,598
Income (IRS master file)
$8,443,480

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$8,443,480$6,785,701$50,477,598XML
990December 2023$6,026,846$5,780,048$43,776,020XML
990December 2022$4,942,129$4,563,140$29,828,086IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 36-3287080).

Questions about TWIN CITIES HOUSING DEVELOPMENT CORPORATION

What is the EIN of TWIN CITIES HOUSING DEVELOPMENT CORPORATION?
The employer identification number (EIN) of TWIN CITIES HOUSING DEVELOPMENT CORPORATION is 36-3287080.
Is TWIN CITIES HOUSING DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
Are donations to TWIN CITIES HOUSING DEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does TWIN CITIES HOUSING DEVELOPMENT CORPORATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of TWIN CITIES HOUSING DEVELOPMENT CORPORATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did TWIN CITIES HOUSING DEVELOPMENT CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of TWIN CITIES HOUSING DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 names AMANDA NOVAK.
Who are the officers and directors of TWIN CITIES HOUSING DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 lists 14 people; 4 received compensation from the organization, the highest $229,810 (BARBARA M MCQUILLAN, EXECUTIVE DIRECTOR).
How much revenue does TWIN CITIES HOUSING DEVELOPMENT CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $8,443,480, expenses of $6,785,701 and total assets of $50,477,598 at year end.

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