| Completed Item |
Responsible Party |
Status |
| Develop sublease and sign main lease for 4 Maiden Lane |
Housing Corp. |
Completed (03/28/2005) |
| Develop new House Bylaws with Chapter |
Housing Corp. |
Completed (03/06/2005) |
| Plan 100th/80th Anniversary Celebration with Rho Chapter |
Housing Corp. |
Completed (11/01/2004) |
| Form committee to establish new minimum housing requirements |
Housing Corp. |
Completed |
| Design a corporate logo |
Brother Lemire |
Completed |
| Create record (spreadsheet) of alumni including membership status and giving history |
Brother Thomas |
Completed |
| Determine cost and living conditions comparable to Preiss Company Apts. |
Brother Stamey |
Completed |
| Prepare an amendment to the by-laws addressing final location for corporation money in the event of a dissolution |
Brother Thomas |
Completed |
| Find financial institution that will work with us |
Treasurer |
We’re in the Centura family |
| Determine if a Co-sign will be required |
Treasurer |
Co-sign of members will be required, no more than 3 |
| Check on "utilizing" the Educational Foundation for donations |
Treasurer / Brother Haas |
They are able to hold money earmarked for house education use. |
| Investigate partnering loans |
Treasurer |
No longer used. |
| Investigate the difference between residential and commercial mortgages |
Treasurer |
Commercial loan can be acquired in the corporation's name by having 2 consecutive years of filing with the IRS.
For a construction loan, we'll need a registered contractor. |
| Investigate implications of joining a REIT |
Brother Stamey |
Not feasible |
| Check on possibility of using Brother Hershner's mother for legal services |
Brother Elin |
She would be glad to help, but has not studied/practiced real estate law |
| Check into utilization of a money market account for corporation funds |
Treasurer |
The checking account has been converted into a money market account. |
| Investigate feasibility of construction loan |
Treasurer |
Done. |
| Define what needs to be done for pre-approval. |
Treasurer |
Done. Consider filing annual Federal 990 form for establishing financial history. |
| Gather all existing promissory notes |
Brother Thomas |
Done. Have notes from '60s till present. |
| Investigate agencies/organizations that give to non-profits (Internet search) |
Treasurer |
None available. |
| Investigate feasibility of using bulk mailing with Rho Chapter *Non-profit bulk permit approved.* |
Brother Thomas |
Done. |
| Investigate zoning regulations in the greater area |
Brother Thomas |
Done. |
| Contact other chapters and housing corps concerning house plans, fundraising ideas, and leasing plans |
Brother Griffith |
Done. |
| Set up a trust account under the guidance of the Grand Treasurer |
Brother Thomas |
Done, using Vanguard. |
| Mail reminders to people who signed promissory notes |
Brother Elin |
Done, letters mailed June 2004. |
| Get students & housing corp. to sign new promissory note |
Housing Corp. |
Done. |
| Consider filing annual Federal 990 form for establishing financial history |
Brother Thomas |
Done. |
| Check on availability of Student Legal Services for the corporation |
Housing Corp. |
Not available. |
| Investigate loans from alumni |
Housing Corp. |
Abandoned. |