2018-11-01T09:55:12-05:00 2017-12-31 990 2017-01-01 900239693 DELTA PHI CHAPTER OF THETA CHI FRATERNITY HOUSING CORPORATION DELT 9724041010 C/O MAULTSBY 12221 MERIT DR NO 1800 DALLAS TX 75251 VANCE MAULTSBY TREASURER 9724041010 2018-11-01 207.210.195.86 2018-11-01 09:51:56 CD P 089196CA7AF3CADEDBA20EB5A0B5952F1B403BFC 03F0119596B37D4D762E5CA3F795DFD5F040DDF4 2017 2019-02-21 02:37:17Z VANCE MAULTSBY 12221 MERIT DR STE 1800 DALLAS TX 75251 89884 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. 5 5 0 0 0 0 50 0 76126 89884 0 0 0 0 76176 89884 0 0 0 0 0 0 0 0 0 131721 101810 131721 101810 -55545 -11926 1018316 1066933 1106927 1167470 -88611 -100537 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. 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 X 5 5 0 1 0 0 1 1 0 1 1 0 0 1 0 0 0 0 0 0 X VANCE MAULTSBY 9724041010 12221 MERIT DR STE 1800 DALLAS TX 75251 X JOE CLACK PRESIDENT 0.00 X X 0 0 0 DAN SULLIVAN VICE-PRESIDENT 0.00 X X 0 0 0 VANCE MAULTSBY TREASURER 0.00 X X 0 0 0 DRU HORTON SECRETARY 0.00 X X 0 0 0 CRAIG NICHOLSON DIRECTOR 0.00 X 0 0 0 0 0 0 0 0 0 0 0 FRATERNITY HOUSE RENT 531110 89884 89884 89884 89884 89884 0 0 28383 UTILITIES FOR FRAT HOUS 37884 REPAIRS AND MAINTENANCE 30542 PROPERTY TAXES 2664 LAND LEASE RENT 1764 573 101810 15274 96944 4670 684 684 1135313 166008 997688 969305 1018316 1066933 115088 0 991839 1167470 1106927 1167470 X 0 0 0 0 -88611 -100537 -88611 -100537 1018316 1066933 -11926 0 X 0 0 0 1135313 166008 969305 969305 FORM 990, PART VI, SECTION A, LINE 3 THE BOARD OF DIRECTORS ENGAGES A MANAGEMENT COMPANY TO BILL AND COLLECT RENTS FROM STUDENT MEMBERS LIVING IN THE FRATERNITY HOUSE. FORM 990, PART VI, SECTION A, LINE 6 UNDER THE PRESENT BYLAWS, ALL ALUMNI OF DELTA PHI CHAPTER AND ALL STUDENT MEMBERS OF THETA CHI FRATERNITY 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 IN 2017 WERE FURNISHED DRAFT COPIES OF THE 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.