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.”

“The organization does not have any committees that have authority to act on behalf of the governing body.”

“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.”

“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.”

“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.”

“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.”

“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.”