Delta Phi Chapter of Theta Chi Fraternity Housing Corporation

Nonprofit profile at a glance

EIN
900239693
IRS 990 coverage
2016–2023
Forms available
Form 990 2023
Location
Dallas, TX, USA
Phone
2147287003
Rating confidence
Limited
Sector
Student Sororities, Fraternities

Reported finances

Revenue
$102,365
Expenses
$46,418
Assets
$966,471
Liabilities
$1,151,135

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • DAN SULLIVAN (PRESIDENT)

People named in this filing

  • DAN SULLIVAN (PRESIDENT)
  • VANCE MAULTSBY (TREASURER)
  • CRAIG NICHOLSON (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Own and operate a fraternity house for the benefit of the student members of delta phi chapter of theta chi fraternity.

What it reported doing in 2023

Own and operate a fraternity house for the benefit of student members of delta phi chapter of theta chi fraternity. Early in 2019, the undergraduate chapter, delta phi chapter of theta chi fraternity, lost its charter and was suspended from the university of north Texas ("unt") campus for a period of three years. Theta chi reinstalled the delta phi chapter at unt in november 2023. In the interim, the fraternity house was rented to the local chapter at unt of pi kappa alpha fraternity and its local housing corporation in order to house its unt collegiate chapter members and its official fraternity functions. This change was disclosed on the delta phi chapter housing corporation's 2019 form 990, part iii, line 2. The delta phi chapter of theta chi fraternity is now controlling occupany of the fraternity house after the spring 2024 semester. The house was repaired during the summer for occupancy by delta phi chapter of theta chi in the fall of 2024.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 90
  • Accountability: 70
  • Sustainability: 81
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 54.7%; rating input score 93; 93rd percentile among comparable filings
  • Total-asset coverage ratio: 20.82; rating input score 96; 96th percentile among comparable filings
  • Liabilities to assets ratio: 1.19; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 2.4% per year; rating input score 100; 40th percentile among comparable filings
  • Asset growth: -1.3% per year; rating input score 0; 21st percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 3 of 3 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 3 people listed
  • Highest-paid contractors: 1 contractor listed · $138K reported
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 7 filing years from 2016 to 2023
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.