Tchfh Lending Inc

“Twin cities habitat for humanity, inc. Is the parent and sole member of tchfh lending, inc.”

“At least 51% of the board members of tchfh lending, inc. Need to also be board members of the parent”

“Twin cities habitat for humanity, inc., the sole member, must approve any proposed sale or transfer of tchfh lending, inc.”

“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.”

“The conflict of interest policy applies to any director, principal officer, or member of a committee with governing board delegated powers, who has a direct or indirect financial interest. Board members disclose conflicts of interests on a written form once annually. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. The proceedings are documented in the meeting minutes.”

“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 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 2021.”

“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.”