Theta Chi Realty Corporation Member Housing Management

About Theta Chi Realty Corporation

The Theta Chi Realty Corporation is organized under the Indiana Not-For-Profit Act and exists to provide housing for the Alpha Iota Chapter of Theta Chi Fraternity at Indiana University. It is our mission to continue to update and maintain the Chapter House. The money we collect is used for servicing debt, providing foodservice to the members, paying our House Director, accountant and other expenses for operating the house, repairs and making capital improvements.

We rely Alumni donations for special projects for the house and are always welcome. We have recently agreed to update our life safety systems by installing a sprinkler system throughout the first floor. We typically take on debt for the improvement projects. Our lenders require us to pay them back and our source of cash flow is from the payment of Room, Board and Live Out Dues from the Members as our cash flow. We have hired the services of OmegaFi to electronically sign Member leases and allows the Members to pay their Room and Board online which was done manually in the past.

Once a year the Board holds its annual meeting, which all members are invited to attend, reviews its actions and financial status for the membership, and conducts elections for Officers and Directors.

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Connect with our Theta Chi Realty Corp Key Contacts

Member & Parent Notice Board

UPDATED 5/24/20

 

  • CORONAVIRUS Update -The Realty Corp is being faced with a challenge that we have never encountered before in our history. We want you and your families to be safe though these challenging times.

Room and Board Credit/Refund Update:

  • We have finalized the billing to the members for the for the spring semester damages, furniture replacement and repairs to the Chapter House as well as excess furniture and trash removal. We have completed this process and invoiced the Exec Board for payment. We hope to wrap this process up by the end of May or first week in June.

 

  • We will report on this Notice Board the timing of when the refund, will be sent out to the members with the addresses of your accounts in our OmegaFi data base for the members.
  • The Realty Corp has budgeted for and we have to continue to pay for utilities, Jayme, lawn and ground maintenance, reasonable settle up with our food vendors and others costs to keep our house safe, clean and in proper repair for others who will move into the Chapter House for next year.

 

  • You can always reach out to the Alphi Iota House Manager, Dean Allen, at PH: 317-760-9120 or Email: deanallen.hk@gmail.com to discuss housing and room assignments for the fall.

  • We have sent out next spring leases so those new members living in next spring your OmegaFi login to sign your leases are ready to go. If any of this coming Fall move out members are wishing to extend their lease through Spring 2021 please let Tom Cooler know at tomc@iuthetachi.com as soon as possible if there may be a change of plans on traveling abroad next spring and the member's interest in extending their lease through the spring.

 

Member Scholarship Opportunities

The Foundation Chapter of Theta Chi provides scholarships to brothers pursuing undergraduate and graduate degrees who demonstrate outstanding academic performance; service to the Fraternity, school and community; leadership activities; financial need; and clear personal and career goals and objectives.
The scholarship application for the 2019/2020 academic year is closed. The application link for the 2020/2021 academic year will be available on this page near the end of December 2019.

Theta Chi Alumni can make tax deductible scholarship donations to the Alpha Iota Educational Foundation through the following Scholarship Donation link: Alpha Iota Education Foundation Link

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