Zeta Delta has 2 mortgages on the chapter house.  The 2nd mortgage is nearly paid off.  By eliminating the 2nd and the semi annual payment we will be able to catch up on some current expenses and then start saving a little for the inevitable rainy day.  

Our first mortgage has a balance of around $480,000 with semi annual payments of $33,000.  The second mortgage has a balance of around $40,000 with semi annual payments of $28,000.  We have annual expenses of $24,000 per year which does not count any extra upkeep or repairs.  

We charge the actives $47,500 per semester in rent.  Because of COVID, they were not able to fully pay the spring 2020 or fall 2020 rent payment.  This has left us behind on some of our annual expenses and not enough money in the bank to pay both mortgage payments coming up in June.

We are looking for a little help, It's been almost 20 years(hard to believe) since we did the last fundraising campaign to rebuild the house.  If we get this taken care of we should be in good shape for a while.

Feel free to reach out to Joe Travis or Bryan Bentz if you have any questions.