2024-11-05T09:06:27-06:00 2023-12-31 990 2023-01-01 900239693 DELTA PHI CHAPTER OF THETA CHI FRATERNITY HOUSING CORPORATION DELT 2147287003 CO MAULTSBY 668 PROMONTORY LANE DALLAS TX 75208 VANCE MAULTSBY TREASURER 2147287003 2024-11-05 0 2023 2024-10-15 13:58:12Z VANCE MAULTSBY 668 PROMONTORY LANE DALLAS TX 75208 102365 0 X N/A X 1955 TX OWN AND OPERATE A FRATERNITY HOUSE FOR THE BENEFIT OF STUDENT MEMBERS OF DELTA PHI CHAPTER OF THETA CHI FRATERNITY. 3 3 0 0 0 0 0 0 109077 102365 0 0 0 0 109077 102365 0 0 0 0 0 0 0 0 0 113817 46418 113817 46418 -4740 55947 939590 966471 1161135 1151135 -221545 -184664 X OWN AND OPERATE A FRATERNITY HOUSE FOR THE BENEFIT OF THE STUDENT MEMBERS OF DELTA PHI CHAPTER OF THETA CHI FRATERNITY. 0 0 OWN AND OPERATE A FRATERNITY HOUSE FOR THE BENEFIT OF STUDENT MEMBERS OF DELTA PHI CHAPTER OF THETA CHI FRATERNITY. EARLY IN 2019, THE UNDERGRADUATE CHAPTER, DELTA PHI CHAPTER OF THETA CHI FRATERNITY, LOST ITS CHARTER AND WAS SUSPENDED FROM THE UNIVERSITY OF NORTH TEXAS ("UNT") CAMPUS FOR A PERIOD OF THREE YEARS. THETA CHI REINSTALLED THE DELTA PHI CHAPTER AT UNT IN NOVEMBER 2023. IN THE INTERIM, THE FRATERNITY HOUSE WAS RENTED TO THE LOCAL CHAPTER AT UNT OF PI KAPPA ALPHA FRATERNITY AND ITS LOCAL HOUSING CORPORATION IN ORDER TO HOUSE ITS UNT COLLEGIATE CHAPTER MEMBERS AND ITS OFFICIAL FRATERNITY FUNCTIONS. THIS CHANGE WAS DISCLOSED ON THE DELTA PHI CHAPTER HOUSING CORPORATION'S 2019 FORM 990, PART III, LINE 2. THE DELTA PHI CHAPTER OF THETA CHI FRATERNITY IS NOW CONTROLLING OCCUPANY OF THE FRATERNITY HOUSE AFTER THE SPRING 2024 SEMESTER. THE HOUSE WAS REPAIRED DURING THE SUMMER FOR OCCUPANCY BY DELTA PHI CHAPTER OF THETA CHI IN THE FALL OF 2024. 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 1 0 0 0 1 1 0 1 1 0 0 1 0 0 0 0 0 0 X VANCE MAULTSBY 2147287003 668 PROMONTORY LANE DALLAS TX 75208 X DAN SULLIVAN PRESIDENT 1.00 X X 0 0 0 VANCE MAULTSBY TREASURER 1.00 X X 0 0 0 CRAIG NICHOLSON DIRECTOR 0.50 X 0 0 0 0 0 0 0 0 0 0 ACCELERATED DEVELOPMENT INC 1020 CORAL COVE OAK POINT TX 75068 REPAIRS, MAINTENANCE AND RECONSTRUCTION 138260 1 FRATERNITY HOUSE RENT 531110 102365 102365 102365 102365 102365 0 0 REPAIRS AND MAINTENANCE 138260 UTILITIES FOR FRAT HOUS 36688 INSURANCE PREMIUMS 20793 FIRE PROTECTION INSPECT 5157 -154480 46418 110747 166695 684 0 1136081 336305 828159 799776 939590 966471 1151135 1151135 10000 0 1161135 1151135 X 0 0 0 0 -221545 -184664 -221545 -184664 939590 966471 55947 -19066 X 0 0 0 1136081 336305 799776 799776 FORM 990, PART VI, SECTION A, LINE 2 VANCE MAULTSBY HAS INVESTMENT AND RETIREMENT ACCOUNTS AT R.W. BAIRD UNDER THE SUPERVISION OF THE NICHOLSON METZ DAVIS GROUP. CRAIG NICHOLSON IS A DIRECTOR OF THE NICHOLSON METZ DAVIS GROUP. FORM 990, PART VI, SECTION A, LINE 6 UNDER THE PRESENT BYLAWS, ALL ALUMNI OF DELTA PHI CHAPTER AND ALL STUDENT MEMBERS OF DELTA PHI CHAPTER ARE MEMBERS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A UNDER THE PRESENT BYLAWS, ALL ALUMNI OF DELTA PHI CHAPTER OF THETA CHI FRATERNITY ARE VOTING MEMBERS OF THIS ENTITY. NORWICH HOUSING CORPORATION ("NHC"), AN AFFILIATE OF THETA CHI FRATERNITY, HOLDS THE MORTGAGE FOR THE FRATERNITY HOUSE OWNED BY THE DELTA PHI CHAPTER OF THETA CHI FRATERNITY HOUSING CORPORATION ("THE TAXPAYER"). IN 2016 NHC NEGOTIATED AN AGREEMENT WITH TAXPAYER IN LIEU OF DEFAULT OF AND FORECLOSURE ON THE LOAN. TAXPAYER AND ITS MEMBERS AGREED TO ELECT INDIVIDUALS APPOINTED BY NHC AS BOARD MEMBERS, UNTIL SUCH TIME AS NHC AND TAXPAYER CAN RESTRUCTURE THE LOAN AND MAKE NEEDED IMPROVEMENTS TO THE FRATERNITY HOUSE AND UNTIL SUCH TIME THAT NHC IS SATISFIED THAT TAXPAYER CAN PROPERLY MAINTAIN THE FRATERNITY HOUSE AND CAN MAKE MORTGAGE LOAN PAYMENTS AS SCHEDULED. THE LOAN WAS RESTRUCTURED AND IMPROVEMENTS WERE MADE IN 2017. AT THE TIME OF FILING OF THIS TAX RETURN, THE BOARD APPOINTED BY NHC CAN CONTINUE TO ELECT BOARD MEMBERS, ACCORDING TO THE AGREEMENT BETWEEN NHC AND THE TAXPAYER. FORM 990, PART VI, SECTION B, LINE 11B MEMBERS OF THE CURRENT BOARD OF DIRECTORS WERE FURNISHED DRAFT COPIES OF THE 2021 FORM 990 BEFORE FILING AND WERE ASKED TO COMMENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES AVAILABLE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS UPON REQUEST.