Organizations Filed Purposes:
THE MISSION OF TCHFH LENDING, INC. IS TO HELP THOSE UNDERSERVED BY THE TRADITIONAL MORTGAGE INDUSTRY ATTAIN HOMEOWNERSHIP THROUGH ITS AFFORDABLE MORTGAGE PROGRAM.
PROVIDING AFFORDABLE HOME MORTGAGES TO HELP THE UNDERSERVED ATTAIN HOMEOWNERSHIP
TCHFH LENDING, INC. IS A WHOLLY-OWNED SUBSIDIARY OF TWIN CITIES HABITAT FOR HUMANITY; TOGETHER THE TWO ORGANIZATIONS WORK IN PARTNERSHIP TO MAKE DECENT, AFFORDABLE HOMEOWNERSHIP POSSIBLE FOR LOW AND MODERATE INCOME HOUSEHOLDS ACROSS THE TWIN CITIES SEVEN-COUNTY METRO. TCHFH LENDING, INC. ORIGINATES AFFORDABLE MORTGAGES, SERVICES RESIDENTIAL MORTGAGE LOANS, AND PROVIDES DOWN PAYMENT AND CLOSING COST ASSISTANCE. ITS PRIMARY PROGRAM IS TO FINANCE RESIDENTIAL MORTGAGES TO A TARGET MARKET OF LOW-INCOME HOMEBUYERS FOR THE PURCHASE OF A HABITAT-BUILT HOME, A MOVE-IN READY HOME OR A HOME IN NEED OF ADDITIONAL REHAB. THE ORGANIZATION WAS INCORPORATED IN FY16 AND ORIGINATED 103 MORTGAGE LOANS IN FY20.
TCHFH LENDING, INC. SERVICES RESIDENTIAL MORTGAGES IT ORIGINATES AND SERVICES EXISTING LOANS PREVIOUSLY ORIGINATED BY ITS PARENT ENTITY, TWIN CITIES HABITAT FOR HUMANITY, INC. THE ORGANIZATION SERVICED 1,105 LOANS IN FY20.
TCHFH LENDING, INC. PROVIDES DOWN PAYMENT AND CLOSING COST ASSISTANCE GRANTS TO ELIGIBLE LOW-INCOME HOMEBUYERS AND FACILITATES THIRD-PARTY DOWN PAYMENT ASSISTANCE PROGRAMS AND SUBORDINATE LOANS. GRANTS WERE AWARDED TO 91 HOMEBUYERS IN FY20.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Robyn Bipes-Timm | PRESIDENT | 32 | $132,699 |
| Diane Wold | DIRECTOR | 0.5 | $0 |
| Barb Wendt | DIRECTOR | 0.5 | $0 |
| Paul Sween | DIRECTOR | 0.5 | $0 |
| Steve Poppen | DIRECTOR | 0.5 | $0 |
| Mike Franta | DIRECTOR | 0.5 | $0 |
| Garfield Bowen | DIRECTOR | 0.5 | $0 |
| Tom Goodmanson | CO-CHAIR | 0.5 | $0 |
| Rich Gammill | CO-CHAIR | 0.5 | $0 |
| Joe Khawaja | SECRETARY, TREASURER | 1 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202130789349300508_public.xml