Delta Chi Housing Corporation

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Provide housing for the undergraduate members of the Kettering Chapters of Delta Chi

Delta Chi Housing Corporation

The Delta Chi Housing Corporation is a nonprofit organization identified by the Employer Identification Number (EIN) 383492242 and classified as a Pleasure, Recreational, or Social Club[3]. It operates within the context of providing housing support for fraternity chapters, particularly those associated with the Delta Chi Fraternity.

Mission and Purpose

The organization's mission is aligned with supporting the housing needs of fraternity members, focusing on maintaining facilities that are safe, clean, respectable, and competitive. While specific details about the corporation's operational mission are not widely documented, its role is essential in managing and overseeing fraternity housing affairs[1].

Operational Structure

Delta Chi Housing Corporations are typically established to serve as landlords for fraternity houses, ensuring the property meets local safety and building codes. They are responsible for developing strategic housing plans, managing property improvements, and securing necessary insurance and financial resources[1]. These corporations often work closely with alumni and chapter members to ensure that housing operations are well-integrated with the chapter's goals and needs.

Tax Status and Exemptions

Many Delta Chi Housing Corporations are exempt from federal income taxes under Section 501(c)(7) of the U.S. Internal Revenue Code when affiliated with the Delta Chi National Housing Corporation. This status allows them to avoid the lengthy process of obtaining exemptions directly[1].

Financial Management

The Delta Chi Fraternity supports its chapters by offering loans through a Housing Fund Committee. These loans can be used for various purposes, including purchasing or renovating chapter houses, furniture, fixtures, and equipment[2]. The process involves submitting financial statements and outlining the intended use of loan funds, which helps chapters manage their housing needs effectively.

In summary, the Delta Chi Housing Corporation plays a vital role in providing and maintaining residential facilities for fraternity members, operating within the framework of a nonprofit organization with specific tax benefits and operational responsibilities.

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Founded

1999

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Livonia

Address: 18892 Mayfield St, LivoniaWeb: Sign in to see organisation websiteVolunteers: 3Revenue: 104327ICO: 383492242

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