Civic Intelligence

Theta Chi Housing Corporation

EIN 82-3357570 • 501(c)7 • Minneapolis, MN

Profile

To provide affordable housing to the members of Theta Chi Fraternity and preserve the historical home in the Marcy-Holmes Neighborhood. Additionally provide activities for the alumni members of Alpha Pi Chapter of Theta Chi Fraternity.

315 19th Avenue SEMinneapolis, MN 55414
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)7 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2024

Top Officer Pay

94th percentile

$0

Higher top officer pay than 94% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2024

Asset Growth

18th percentile

-24%

Faster asset growth than 18% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$58,245

Down $18,309 (-24%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$58,245

Down $18,309 (-24%) from 2023

Operations
Liabilities / RevenueScore unavailableNet Margin99th percentile

Revenue

Down

-$10,126

Down $26,824 (-161%) from 2023

Expenses

Flat

$0

Flat from 2023

Net Income

Down

-$10,126

Down $26,824 (-161%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth18th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80K$60K$40K$20K$0Assets 2022: $59,856Liabilities 2022: $0Net Assets 2022: $59,8562022Assets 2023: $76,554Liabilities 2023: $0Net Assets 2023: $76,5542023Assets 2024: $58,245Liabilities 2024: $0Net Assets 2024: $58,2452024

Highlighted filing

2024

Assets$58,245
Liabilities$0
Net Assets$58,245
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20K$10K$0-$10K-$20KRevenue 2022: $11,348Expenses 2022: $0Net Income 2022: $11,3482022Revenue 2023: $16,698Expenses 2023: $0Net Income 2023: $16,6982023Revenue 2024: -$10,126Expenses 2024: $0Net Income 2024: -$10,1262024

Highlighted filing

2024

Revenue-$10,126
Expenses$0
Net Income-$10,126
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$58,245
Liabilities
$0
Net assets
$58,245
Revenue
-$10,126
Expenses
$0
Net income
-$10,126
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$58.2$0.00$58.2$10.1$0.00$10.1
2023Detailed filing. Detailed filing data is available for this year.$76.6$0.00$76.6$16.7$0.00$16.7
2022Detailed filing. Detailed filing data is available for this year.$59.9$0.00$59.9$11.3$0.00$11.3
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 3, 2025
Return Version
2024v5.0
Gross Receipts
$182,461
Mission and Program Overview

Mission

To provide affordable housing to the members of Theta Chi Fraternity and preserve the historical home in the Marcy-Holmes Neighborhood. Additionally provide activities for the alumni members of Alpha Pi Chapter of Theta Chi Fraternity.

Theta Chi Housing Corporation owns the Theta Chi fraternity house at the University of Minnesota to provide affordable housing to our members and to insure the historical preservation of the home for the Marcy-Holmes Neighborhood. We are a subordinate of Theta Chi Fraternity, Inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$76,554$58,245▼ $18,309
Savings and Temporary Cash Investments$0--
Accounts Receivable$0--
Other Notes and Loans Receivable, Net$0--
Pledges and Grants Receivable$0--
Receivable From Disqualified Prsn$0--
Receivables From Officers Etc$0--
Land, Buildings, and Equipment, Net$0--
Inventories for Sale or Use$0--
Prepaid Expenses and Deferred Charges$0--
Total Assets$76,554$58,245▼ $18,309
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$76,554$58,245▼ $18,309
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$76,554$58,245▼ $18,309
Total Liabilities and Net Assets / Fund Balance$76,554$58,245▼ $18,309
Compensation and Service Providers
Top Officer Pay94th percentile

Board Members and Trustees

NameTitle
Daren JensonPresident
Steven SchmidtVice President
David PetersonMember
Paul NorstremMember
Steve GehrkeMember
Darren GerkeSecretary
Rheis JensenTreasurser
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-10,126
Change in Net Assets
$-10,126
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons$0--
Receivables from Officers, Directors, Trustees, and Key Employees$0--
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

“We had one opening that we appointed to be filled.”

Form 990, Part VI, Section A, Line 8B

“We do not have separate committees. Everything is handled by the board.”

Form 990, Part VI, Section B, Line 11B

“Provided to the members at a monthly meeting.”

Form 990, Part VI, Section B, Line 12C

“Members must disclose all employment or banking relationships.”

Form 990, Part VI, Section C, Line 19

“Given upon request. Our national fraternity requires our returns and by-laws to be given to them for review bi-annually.”

Filing and Contact Details

Filer

Filer Name
Theta Chi Housing Corporation
EIN
82-3357570
Phone
7633232096
Address
315 19th Avenue SE, Minneapolis, MN 55414

Signing Officer

Name
Daren Jenson
Title
President
Phone
7633232096
Signed
2025-05-03

Organization Details

Principal Officer
Daren Jenson
Formed
2017
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Changing in the amount of balances our cash assets”

Raw XML Appendix330 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0We had one opening that we appointed to be filled.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1We do not have separate committees. Everything is handled by the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Provided to the members at a monthly meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Members must disclose all employment or banking relationships.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Given upon request. Our national fraternity requires our returns and by-laws to be given to them for review bi-annually.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/Filer/USAddress/ZIPCd055414
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02025-05-04T12:01:26-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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