Overview
What is Tchfh Lending Inc?
Tchfh Lending Inc, a nonprofit organization located in Saint Paul, Minnesota, works in partnership with Twin Cities Habitat for Humanity to make affordable homeownership a reality for low and moderate-income households in the Twin Cities seven-county metro area. The company, incorporated in FY16, originates affordable mortgages, services residential mortgage loans, and offers down payment and closing cost assistance. Its primary program focuses on financing residential mortgages for underprivileged homebuyers looking to purchase a Habitat-built home, a move-in ready home, or a home requiring additional rehabilitation. The organization's mission is to help individuals who struggle to secure homeownership through traditional mortgage channels, thereby expanding their opportunities in the real estate market. With a dedicated workforce of six employees, Tchfh Lending Inc is committed to making a difference in the lives of underserved communities.
Official website here: www.home.tchabitat.org/tchfh-lending-inc
Is Tchfh Lending Inc legitimate?
Tchfh Lending Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tchfh Lending Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $119,290
Professional Fundraising Fees: $0
Other Salaries and Wages: $341,629
For more financial information, click here
Official website here: www.home.tchabitat.org/tchfh-lending-inc
What is the mission statement of Tchfh Lending Inc?
Tchfh Lending Inc's mission is centered around assisting underserved individuals in obtaining affordable home mortgages, thereby facilitating homeownership. The organization, in line with its mission, works in partnership with Twin Cities Habitat for Humanity to make decent, affordable housing a reality for low and moderate-income households in the seven-county metro area. Tchfh Lending Inc. originates affordable mortgages, services residential mortgage loans, and provides down payment and closing cost assistance. Its primary program focuses on financing residential mortgages for a targeted market of low-income homebuyers, either for purchasing a Habitat-built home, a move-in ready home, or a home requiring additional rehabilitation. The organization was incorporated in FY16 and originated 84 mortgage loans in FY22.
Official website here: www.home.tchabitat.org/tchfh-lending-inc
Who is the CEO of Tchfh Lending Inc?
Robyn Bipes-Timm is the Director of Tchfh Lending Inc.
Official website here: www.home.tchabitat.org/tchfh-lending-inc
What is the revenue of Tchfh Lending Inc?
Tchfh Lending Inc's revenue in 2022 was $2,448,749.
Official website here: www.home.tchabitat.org/tchfh-lending-inc
Who are the executives of Tchfh Lending Inc and what are their salaries?
The average compensation at Tchfh Lending Inc during 2022 was $76,820. There are 6 employees and 9 volunteers at Tchfh Lending Inc.
Here are 11 key members and their salaries:
- Robyn Bipes-Timm (President)
- Joe Khawaja (Secretary, Treasurer)
- Tony Barranco (Director)
- Anne Behrendt (Director)
- Bill Gould (Director)
- Steve Poppen (Director)
- Eric Skalland (Director)
- Delinda Washington (Director)
- Rich Gammill (Director)
- Diane Wold (Director)
- Jonathan Sage-Martinson (Director)
Official website here: www.home.tchabitat.org/tchfh-lending-inc
Where can I find the form 990 for Tchfh Lending Inc?
The Tchfh Lending Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.home.tchabitat.org/tchfh-lending-inc
Learn more at the official website: www.home.tchabitat.org/tchfh-lending-inc
Mission Statement of Tchfh Lending Inc
Twin Cities Habitat for Humanity Lending, Inc., as a mission-driven organization, aims to assist individuals who are often overlooked by the traditional mortgage industry in attaining homeownership. By operating under its affordable mortgage program, this nonprofit organization's primary objective is to help underserved individuals secure residential mortgages. The organization not only originates these mortgages but also services residential loan applications, providing essential assistance with down payments and closing costs. Tchfh Lending, Inc., focuses on financing residential mortgages for a specific target market: low-income homebuyers. Whether it's a Habitat-built home, a move-in ready property, or a home in need of renovation, the organization ensures that these homeowners have the opportunity to secure decent, affordable housing.
Impact
This information is meant to be a general summary of Tchfh Lending Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Tchfh Lending Inc's impact is significant in helping the underserved attain homeownership through its affordable mortgage program. By originating affordable mortgages, servicing residential mortgage loans, and providing down payment and closing cost assistance, Tchfh Lending Inc plays a crucial role in making decent, affordable homeownership possible for low and moderate-income households across the Twin Cities seven-county metro area. With a focus on financing residential mortgages for a target market of low-income homebuyers, Tchfh Lending Inc not only facilitates the purchase of Habitat-built homes but also supports move-in ready homes or those in need of additional rehabilitation. Through its efforts, Tchfh Lending Inc is actively working towards advancing housing accessibility and affordability, ultimately making homeownership a reality for those traditionally underserved by the mortgage industry.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN SERVICING REVENUE
Revenue
$1,116,783
Organization Details
Founding Year
2016
Phone
(612) 305-7112
Principal Officer
Robyn Bipes-Timm
Main Address
1954 UNIVERSITY AVENUE WEST, SAINT PAUL, MN, 55104
NTEE Category
Code: L20 - Housing
If you are a representative of Tchfh Lending Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.