Updated: 11-09-2007

Action Item	Responsible Party
Develop "Business Plan" *waiting for student/alumni survey responses	Treasurer
Brainstorm ideas for fundraising	Housing Corp.
Set up and maintain Alumni Database/Wiki *ongoing*	Brother Thompson

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.