DELTA CHI HOUSING CORPORATION

EIN: 721576042 Education

CARVER, MN

Total Revenue
$13,276
Total Expenses
$37,815
Total Assets
$747,571
Net Assets
$112,954
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
MN
Principal Officer
DANIEL VELLEK
Phone
6056617881
Tax Period
2023-01-01 to 2023-12-31

DELTA CHI HOUSING CORPORATION, founded in 2003, is a micro nonprofit in the Education sector that reported $13K in total revenue in fiscal year 2023. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $38K exceeded revenue, resulting in a 185% operating deficit.

Mission

THE CORPORATION IS ORGANIZED, AND SHALL BE OPERATED, TO RAISE FUNDS TO PROVIDE SUITABLE HOUSING FOR THE MEMBERS OF THE DELTA CHI FRATERNITY AT SOUTH DAKOTA STATE UNIVERSITY

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,640
Program Service Revenue $0
Investment Income $0
Other Revenue $8,636
TOTAL REVENUE $13,276

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $37,815
TOTAL EXPENSES $37,815

Year-over-Year Comparison

2023 2022 Change
Revenue $13,276 $45,393 -0.7%
Expenses $37,815 $44,053 -0.1%
Net Income $-24,539 $1,340 -19.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
10

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL ROBERTS PRESIDENT 0.50
Director
$0 $0 $0
DANIEL VELLEK TREASURER 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2023 $13,276 $37,815 $747,571 $-24,539
2022 $45,393 $44,053 $791,502 $1,340
2021 $17,516 $39,359 $818,598 $-21,843
2020 $58,436 $49,834 $865,251 $8,602
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