The alumni association corporation continues to serve as the landlord and steward of the house, supporting the chapter through house maintenance and improvement projects. Our financial standing is solid, with sufficient operating and capital reserves. The Corporation manages regular operating expenses (including mortgage, insurance, taxes, and maintenance activities) through the collection of rent. We continue to rely upon your giving for both reducing the principal of our mortgage and for capital improvements to the property.<\/p>\n
In December 2024, the outstanding mortgage balance on the house passed a major milestone dropping below $300K. The loan, which has a favorable interest rate, matures in 2031 providing us with a measure of financial stability as we head into the next decade. Lastly, a special thank you to all who contributed in 2024.<\/p>\n
If you ever have any questions about the finances of your alumni association corporation, please feel free to contact me.<\/p>\n
Troy Knowlton (Col<\/abbr> class of <\/span>\u201992)<\/p>\n","protected":false},"excerpt":{"rendered":" The alumni association corporation continues to serve as the landlord and steward of the house, supporting the chapter through house maintenance and improvement projects. Our financial standing is solid, with sufficient operating and capital reserves. The Corporation manages regular operating expenses (including mortgage, insurance, taxes, and maintenance activities) through the collection of rent. We continue […]<\/p>\n","protected":false},"author":95,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[3],"tags":[],"class_list":["post-1687","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"yoast_head":"\n