Delta Chi House Association

“The bylaws provide that everyone initiated into washington chapter of delta chi fraternity is a member of the delta chi house association. The taxpayer does not maintain separate formal membership records, but does pay a mailing bureau to maintain records of washington chapter alumni.”

“The governing body is the board of directors of the corporation. At the present time the board of directors consists of 6 volunteer alumni members of washington chapter of delta chi fraternity. All members of the delta chi house association are welcome to volunteer for the board of directors. New board members are elected by the existing board of directors. All significant business decisions are made by the board of directors. Minutes are recorded for all board of director meetings, and are available for review when requested.”

“There are no committees, so there are no committee meeting minutes.”

“The form 990 is prepared and reviewed by the president & treasurer, who is also a cpa in the practice of preparing income tax returns. He is the person who is most knowledgable about the affairs of the corporation, and he ensures that the reporting is accurate and complete.each year a full copy of the form 990 is distributed to, and reviewed by, all the members of the board of directors prior to filing the return with the irs.”

“All members of the board of directors are alumni members of washington chapter of delta chi, a related association.one member of the board of directors is a professional cpa, who maintains procedures to avoid conflicts of interest with the taxpayer. All of the directors and officers meet periodically and communicate their activities so there is ample opportunity to communicate any conflicts of interest. In addition, the president/treasurer asks every member of the board each year, while reviewing the form 990, whether there has been a change in their lives which might create a conflict of interest.”

“The treasurer maintains all the files and documents of the organization. Anyone wanting to review the form 990, or any other documents should, contact him at the address or phone number shown on this form 990.”

“In september, 2022, the national fraternity commenced the process to recharter the washington chapter, and the university of washington has recognized the restarted colony. The colony membership is 12 members, some of whom have been able to move into the delta chi house. In the meantime, the board of directors has also rented rooms to students at the university of washington.it is the intention of the directors to hold the property for the washington chapter of delta chi as members move back into the house.”

“Amortization of loan fees $ 251bank fees 54equipment 772laundry equipment rental 1,345mailing expenses 724rental commission 200rhodant control 1,334supplies 338. ------total $5,018”