Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Members or stockholder classes and rights Part VI line 6 | Per the bylaws, all collegiate members are automatically Class B members. Members of any other Delta Gamma chapter may become Class C members by paying the applicable house corporation fee. |
| Member election for additional members Part VI line 7a | All members are invited to attend the annual meeting where they are able to vote on the election of directors. |
| Governing body decisions Part VI line 7b | The sale or purchase of chapter facilities or a lien on chapter facilities, the election of directors, and the changes to the bylaws or articles of incorporation, require a majority vote of the membership in attendance at the annual meeting or a special meeting called for the purpose of voting on any of these items. |
| Form 990 governing body review Part VI line 11 | The Board of Directors receives and reviews a copy of Form 990 prior to filing. |
| Conflict of interest policy compliance Part VI line 12c | The Board of Directors annually reviews conflicts, if applicable, and addresses individually if necessary. |
| Governing documents etc available to public Part VI line 19 | All governing documents and written policies are on file at Delta Gamma Executive Offices, in care of the Fraternity Housing Corporation staff. These documents are available for review by written requests. Requests can be submitted by USPS mail or fax and responses will be given via mail, fax, or email as requested. |
| Explanation of other changes in net assets or fund balances Part XI line 9 | DUE TO THE COVID PANDEMIC, THE UNIVERSITY OF ALABAMA SUSPENDED PAYMENTS FROM 4/1/20 THROUGH 9/1/21 FOR THE THREE LOANS HELD BY BETA PSI HOUSE CORPORATION. NO PRINCIPAL OR INTEREST PAYMENTS WERE MADE ON THESE LOANS DURING THIS TIME PERIOD. AT THE CONCLUSION OF THE SUSPENDED PAYMENT PERIOD, THE UNIVERSITY ADDED THE DEFERRED LOAN INTEREST TO THE PRINCIPAL BALANCE OF THE LOAN, INCREASING THE PRINCIPAL BALANCES OF ALL THREE LOANS. A $404,388.05 TOTAL ADJUSTMENT TO NET ASSETS WAS MADE IN MARCH, 2022 TO ACCOUNT FOR THIS ADDITION TO PRINCIPAL. |
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