Habitat for Humanity Minnesota
Legal name: Habitat for Humanity of Minnesota Inc
Nonprofit profile at a glance
- EIN
- 411889904
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Saint Paul, MN, United States
- Phone
- 612-331-4439
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Affiliation
- Christianity
Reported finances
- Revenue
- $5,502,703
- Expenses
- $2,513,282
- Assets
- $40,520,566
- Liabilities
- $32,911,437
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- CRISTEN INCITTI (PRESIDENT & CEO)
- BECCA SEIDEL (DEPUTY EXECUTIVE DIRECTOR)
Highest reported compensation
- CRISTEN INCITTI (PRESIDENT & CEO): $200,948 total reported compensation
- BECCA SEIDEL (DEPUTY EXECUTIVE DIRECTOR): $136,606 total reported compensation
- PHIL HATLIE (FINANCE DIRECTOR): $116,622 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
For questions about housing support in your local community, please visit our “Where We Work” page and contact your local Habitat for Humanity office. Habitat for Humanity of Minnesota is an equal opportunity provider and employer. Habitat for Humanity of Minnesota is a nonprofit organization dedicated to building a world where everyone has a safe, stable, and affordable place to call home. We believe affordable housing plays a critical role in strong and stable communities. Habitat for Humanity of Minnesota works in partnership with the 24 local Habitat offices of dedicated staff and volunteers building and repairing homes across our state. We provide them with operational support, sustainable financial resources, and public policy and advocacy work allowing them to better serve their communities. Learn more about our work.
What it reported doing in 2024
Loan program: the main program offered by habitat for humanity of Minnesota (hfh-mn) is a loan program through which we provide a secondary market for habitat mortgages. As of june 30, 2025, we have financed 976 mortgages for affiliates for total loan disbursements of $73 million. Over 2,750 habitat for humanity homes have been sold to partner families in Minnesota since the late 1980s. Collectively, these mortgages total over $100 million in principal balances. These homes are sold with 0% interest or zero-equivalent mortgages. Homeowner mortgage payments are used to build more habitat homes. (continued on schedule o)the habitat Minnesota loan fund allows hfh-mn to act as a secondary lender for Minnesota hfh mortgages. Affiliates pledge their homeowners' mortgages and monthly mortgage payments to the fund. In return, affiliates get the cash value of the mortgage right away, rather than having to wait 20 to 30 years for the payments to come in. Affiliates then use this cash to accelerate home building, acquire land for large-scale projects, and leverage support from others. All pledged mortgages must be given to homeowners with incomes at or below 80% of median at the time the family was selected. A subset of this loan fund was approved and rolled out in fy22. Habitat homebuyers making equal to or less than 80% area median income can be qualified to receive downpayment assistance in the form of a subordinate mortgage. This subordinate mortgage lowers the first mortgage amount, making their payments more affordable, and funds are disbursed after closing to the habitat affiliate who developed and sold the property. The homeowner begins amortized repayment of the subordinate mortgage only after the first mortgage has been paid in full. As of june 30, 2025, $8 million has been disbursed for these purposes.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 78% for direct work, 20% for grants, and 1% for affiliated organizations.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 58
- Transparency & Controls: 76
- Accountability: 100
- Sustainability: 74
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 40.1%; rating input score 40
- Program expense ratio: 83%; rating input score 83
- Fundraising efficiency: $43.37 raised per $1 spent on fundraising; rating input score 76; 76th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.4%; rating input score 94; 24th percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 96.7%; rating input score 97; 32nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 54.3%; rating input score 93; 93rd percentile among comparable filings
- Total-asset coverage ratio: 16.12; rating input score 94; 94th percentile among comparable filings
- Liabilities to assets ratio: 0.81; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 22.7%; rating input score 10; 10th percentile among comparable filings
Growth
- Program expense growth: -8% per year; rating input score 0; 3rd percentile among comparable filings
- Revenue growth: -1.2% per year; rating input score 0; 8th percentile among comparable filings
- Asset growth: 2.3% per year; rating input score 100; 21st percentile among comparable filings
Details
- What they do: Mission, programs, and operating context captured from the official website.
- Where the money goes: 40.1% of revenue deployed · 83% of spending went to programs
- Governance: 16 of 16 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $2.1M in reported program spending
- Leadership: top reported pay $201K · 20 people listed · 2 of 6 pay-setting controls reported
- Consistency: 36 of 37 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 21 filed money-flow records
- Related organizations: 17 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 40/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 10/100.
- High — Sustainability: Officer compensation ratio scored 10/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.