Theta Chi Housing Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 823357570 ✦ Minneapolis, MN ✦ Designated as a 501(c)(7)

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Overview

What is Theta Chi Housing Corporation?

Theta Chi Housing Corporation is a nonprofit organization that plays a significant role in the University of Minnesota community. Their primary mission is to offer affordable housing to members of the Theta Chi fraternity, while preserving the historical charm of the fraternity house situated in the Marcy-Holmes Neighborhood. Beyond housing, they also organize activities for the alumni of Alpha Pi Chapter of Theta Chi Fraternity. In essence, Theta Chi Housing Corporation serves as a dedicated entity for Theta Chi fraternity members, ensuring both affordable living and a sense of community.

Is Theta Chi Housing Corporation legitimate?

Theta Chi Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(7) entity. Theta Chi Housing Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Theta Chi Housing Corporation?

Theta Chi Housing Corporation's mission is primarily focused on two key objectives. Firstly, it aims to offer affordable housing to members of the Theta Chi Fraternity. Secondly, the corporation is committed to preserving the historical significance of the fraternity house, ensuring its continued existence. Beyond these core objectives, the corporation also organizes activities specifically for the alumni members of the Alpha Pi Chapter of Theta Chi Fraternity. The corporation's property portfolio includes rental properties exclusively for Theta Chi Fraternity members.

Who is the CEO of Theta Chi Housing Corporation?

Daren Jenson is the President of Theta Chi Housing Corporation.

What is the revenue of Theta Chi Housing Corporation?

Theta Chi Housing Corporation's revenue in 2022 was $11,348.

Who are the executives of Theta Chi Housing Corporation and what are their salaries?

There 7 volunteers at Theta Chi Housing Corporation.


Here are 7 key members and their salaries:


Daren Jenson (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Schmidt (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darren Gerke (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rheis Jensen (Treasurser)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Norstrem (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Gehrke (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Luke Wolf (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Theta Chi Housing Corporation?

Theta Chi Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Theta Chi Housing Corporation

Theta Chi Housing Corporation, as an affiliate of Theta Chi Fraternity, Inc., is dedicated to serving its members by offering affordable housing within its Theta Chi fraternity house. This organization has a twofold mission: providing comfortable living quarters for its members while ensuring the historical preservation of the home within the Marcy-Holmes Neighborhood. Furthermore, Theta Chi Housing Corporation extends its services to alumni members of the Alpha Pi Chapter of Theta Chi Fraternity by organizing various activities. By fulfilling these objectives, the corporation upholds its commitment to its members and contributes to the preservation of fraternity heritage.

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Impact




October, 2024

Theta Chi Housing Corporation plays a vital role in supporting the members of the Theta Chi fraternity at the University of Minnesota by offering affordable housing solutions while ensuring the preservation of a historically significant property within the Marcy-Holmes Neighborhood. By owning and maintaining the Theta Chi fraternity house, the organization creates a welcoming home environment that fosters camaraderie and community among current fraternity members.

In addition to providing housing, Theta Chi Housing Corporation actively engages alumni through various activities and programs, strengthening the connection between past and present members of the Alpha Pi Chapter. This focus on community engagement not only enriches the fraternity experience but also promotes lasting relationships among members, enhancing the overall impact of the organization within the university and beyond.

Moreover, the corporation's commitment to preserving a historical home contributes to the cultural fabric of the Marcy-Holmes Neighborhood, ensuring that the area retains its unique character and charm. Through these efforts, Theta Chi Housing Corporation serves as a cornerstone for fraternity life, creating a supportive environment for members while honoring the legacy of Theta Chi in the community.




This information is meant to be a general summary of Theta Chi Housing Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$11,348 (2022)
Expenses
$0 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $159,000

Assets and Liabilities:

  • Total Assets: $59,856
  • Total Liabilities: $0
  • Net Assets: $59,856

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Organization Details

Founding Year

2017

Principal Officer

Daren Jenson

Main Address

315 19th Avenue SE, Minneapolis, MN, 55414

NTEE Category

Code: N50 - Recreation

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