THETA CHI HOUSING CORPORATION

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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

2017

Legal Domicile

Principal Officer

Daren Jenson

Phone

7633232096

Tax Period

2025-01-01 to 2025-12-31

THETA CHI HOUSING CORPORATION, founded in 2017, is a micro nonprofit in the Recreation & Sports sector that reported $35K in total revenue in fiscal year 2025. The organization ran a surplus of $34K, a strong 98% operating margin.

Mission

To provide affordable housing to the members of Theta Chi Fraternity and preserve the historical home in the Marcy-Holmes Neighborhood. Additionally provide activities for the alumni members of Alpha Pi Chapter of Theta Chi Fraternity.

Program Service Accomplishments

Program 1

Rental property for Theta Chi Fraternity

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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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $34,534

TOTAL REVENUE $34,534

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $664

TOTAL EXPENSES $664

Year-over-Year Comparison

	2025	2024	Change
Revenue	$34,534	$-10,126	-4.4%
Expenses	$664	N/A	N/A
Net Income	$33,870	$-10,126	-4.3%

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

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steven Schmidt	Vice President	2	Officer	$0	$0	$0
Darren Gerke	Secretary	2	Officer	$0	$0	$0
Rheis Jensen	Treasurser	4	Officer	$0	$0	$0
Paul Norstrem	Member	2	Officer	$0	$0	$0
Steve Gehrke	Member	2	Officer	$0	$0	$0
David Peterson	Member	2	Officer	$0	$0	$0
Daren Jenson	President	2	Key Emp	$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
2025	$34,534	$664	$1,362,904	$33,870
2024	$-10,126	No data	$58,245	No data
2023	$16,698	No data	$76,554	No data
2022	$11,348	No data	$59,856	No data