Meeting the Beta NuStandard of Excellence byTransformingH i R d Mour House into a Respected Monument

The original house was owned by Rev. Bro. MosesGeneral Miles

The Fraternity lost the house in 1995 to theUniversity

Several Brothers includingTirrellWhitley engaged in an extensive

search and fundraising process

D H h i d h h h iDr. Humphries stepped up to purchase the current house in 1997,

issuing a mortgage to the chapter

U d th l d hi d t it f R i Mit h ll dUnder the leadership and tenacity of Reggie Mitchell and

contributions of several Brothers the mortgage on the current house

was paid off in 2009was paid off in 2009.

D t f i ll i t�• Damage to roof is allowing waterleaks.

�• The ceiling is not insulated,g ,resulting in higher utility bills.

�• Drywall damage in upper bedroomscaused by water leaks. Mold isalso evident in this picture.p

�• Molding drywall in upper floors. Moldcan contribute to unsafe indoor airquality and significantly reducesmarket value of housemarket value of house.

�• Exterior siding is in horrible shape�• Exterior siding is in horrible shape.Siding should be replaced with Hardicement siding or replaced in spots,striped and repainted. Cement boardwill provide best long term solution.

�• Actual holes in exterior sheathing This�• Actual holes in exterior sheathing.Thisis not only unsightly but allowsadditional water into structure that cancause more damage.

�• The bathrooms in the house do notwork and have a foul smell. Thisreduces the functionality of the house.yMeetings are difficult to hold ifBrothers can not relieve themselves.

ObjectiveOne Provide facility with basicfunctionality encouraging fraternal bond(i.e., hosting weekly fraternity meeting,

i l i l d il d i )occasional socials, daily camaraderie).

ObjectiveTwo Update house to create anj pappealing environment for Brothers tolive at the house (Two, bedroom suites onthe second floor).

ObjectiveThree Create lastingmonument to the distinction andexcellence that is Beta Nu.

Plan HighlightsPlan Highlights

�• Expanded kitchen with newflooring, cabinets and sink.g,�•New bar area to allow for buffetstyle service�•Renovated bathroom includingnew showernew shower�•Relocation of washer to reduceclutter�•New chapter meeting room tofacilitate larger groupmeetings.�•New central A/C

Plan Highlights

�•New kitchenette with small fridgeandmicrowave for personal eating�•Renovated and expanded bathroomwith all new fixtures�•Renovated and expanded bathroomRenovated and expanded bathroom�•Relocation of washer/dryer tosecond floor.�• Expanded closets

il i d k�•Built in desk space�•Individually controlled A/C units

PhaseOne Usability (IN PROCESS)�• Repair toilets and sewer system�• Repair toilets and sewer system�• Replace existing HVAC system to enableheat andA/C of ground floor

PhaseTwo Protect/ maintain ExistingStructure�• Repair water leaks and rotting wood�• Replace wood with cement board�• Replace wood with cement board�• Paint exterior wood that can not bereplaced

PhaseThree Enhancement and MajorRenovation.�• Demolish study and expand kitchen�• Renovate and update all bathroomsRenovate and update all bathrooms�• Expand upstairs bathrooms�• Upgrade electrical system to code�• Create utility room and provide dryer

Fall 2011�• Repair toilets and sewer systemwithRepair toilets and sewer systemwithcontributions in hand fromSpring 1995

�• Secure 50 active monthly contributors fromBrotherhood (32 �“verbal�” commitments tod i )date, 9 actives)

�• Upgrade HVAC system

Fall 2011 Spring 2012p g�• Secure another 30 active monthly contributors�• Secure services of architect and developdetailed plans and budget

�• Solicit funding for project�• Solicit funding for project

Spring/Summer 2012�• Finalize financingg�• Award construction contract�• Begin and finish construction (3 mo duration)

The Housing Foundation needs a consistent and dependableThe Housing Foundation needs a consistent and dependablestream of income to secure the financing necessary to designand renovate the house.

Beta Nu has set a goal of 80 active monthly contributorsdonating an average of $32 per month. This level of financingwill generate:

$2,560 dollars per month$30,720 per year$30,720 per year$153,600 over 5 years

Funds in excess of debt service will be reserved for possibleFunds in excess of debt service will be reserved for possiblefuture purchase of adjoining property.

What is the concept?32 Brothers (members of Spring 1990 and 1995) have already committed to giving $32 amonth for32 Brothers (members of Spring 1990 and 1995) have already committed to giving $32 amonth forthe next five years to the Beta Nu Housing Foundation (BNHF) by way of the Beta NuGives Back(BNGB) on line platform (http://www.betanugivesback.org/donate.html).These early adopters collective pledge will exceed $12K per year and $60K over 5 years.

How do I become one of the 80 contributors?Option 1 (Paypal)

If you are not already become amember of Pay Pal. Process will take 10 12minutes max.Sign up for �“BN Housing Subscription�” option at http://www.betanugivesback.org/donate.html.S g up o ous g Subsc pt o opt o at ttp // beta ug esbac o g/do ate t

Option 2 (Automatic Monthly ACH draft)Contact Brother Charles Frazier (cfrazier@edchousing.com) to request routing and bankaccount number (i.e.., the number you receive will be a special purpose sweep account, not theaccount number (i.e.., the number you receive will be a special purpose sweep account, not theFoundation�’s main account number.)

Next Steps:Sign up online or via ACH draft yourself and begin pledging immediately.Present this concept to your line, obtain commitments from asmany as possible and respond toBrother Lorin Crenshaw (lorincrenshaw@yahoo.com) to confirm your line�’s 100% or partialcommitment to joining this effort.

Howwill the funds be administered?Funds will be transferred on a quarterly basis from BNGives Back to the Beta NuAlumni HousingFunds will be transferred on a quarterly basis from BNGives Back to the Beta NuAlumni HousingFoundation, Inc. The Foundation will direct funds consistent with the 3 phase plan above.

Quarterly reports related to this campaign will be posted on the BNGBwebsite.As monthly cash flow grows a percentage of revenue will be Earmarked for scholarship It isAs monthly cash flow grows a percentage of revenue will be Earmarked for scholarship. It isanticipated that the foundation will spend a higher percentage of revenue on charity as the housinggoals are accomplished.

Will the pledges be tax deductible?t e p edges be ta deduct b e

Not immediately. Neither Beta NuGives Back nor the Beta NuAlumni Housing Foundation, Inc. are501 c(3) organizations. Therefore donations would not be tax deductible as of today. The Beta NuAlumni Housing Foundation is securing the services of a law firm to facilitate the document filingsrequired to receive the 501c(3) status.

The IRS tax exemption is expected bymid year 2012. However your donations given in 2011 may bedeductible based on our success with the IRS Filing.This Process has started.

When the IRS tax exemption is granted Brothers may redirect contributions toward it,making them tax deductible.

Two levels of involvement have been established and will be members recognized during the80th Anniversary celebration in 2012. However, it should be noted that records of allcontributions will be kept and turned over to theChapter historian. Any brother who wishes hiscontributions to remain anonymous may elect to do so.y y

FoundationMembers: Brothers who are active contributors to the chapter at the $15 to $32level for 12 months or more will have their name engraved displayed on a plaque in the houseas official members of The Beta NuAlumni Foundation.

TheChapmanClub�– Brothers who contribute at the $32 dollar per month level or more for 12months or more will have their name engraved and line information displayed on a plaqueoutside the house as officials members of the ChapmanClub. ChapmanClub Members willp preceive also receive a commemorative shirt in thanks for their contribution.

Th F d ti h d th i f hit t t b i thThe Foundation has engaged the services of an architect to begin theconstruction drawings for the project, with goal of going to permit by midJanuary.A contractor has been hired and has provided preliminary estimates of $60 65Kp p y 5for the complete projectThe 501(c)3 process has started.We anticipate making application to the IRS bythe end of the year. Contributions should be tax deductible based on approval ofthe applicationthe application.The Foundation is reorganizing and formalizing new bylaws and missionstatements. It is essential that chapter charity and scholarships flow through thefoundation. This will ensure the viability of the 501(c) 3 status.The Foundation currently has approximately $6K in cash, $2K of which isreserved for property taxes.

R i dditi l d ll li id i d t t t t ti b F bRaise an additional 5 ,000 dollars liquid in order to start construction by February1,2012Secure a minimum of 10 additional brothers to contribute at the Chapmen LevelAnd 10 at the Foundation member level by Start of construction. This equates toy qan additional 450.00 per month of cash flow.Phase I &II to begin in February and conclude byAprilPhase III to begin June and conclude by September

Thank You to the Current Contributing Brothers

Make a Difference sign up Now : http://betanugivesback.org/donate.html

GregoryGilmore, Lorin Crenshaw, EugeneWaiters, Jerome Johnson, JustinSmith, Samuel Horton, AlonzoClark, BrandonAlexander, Cecil Hobbs,Reggie Nickson KoreyTaylor Mark Jarrett Datcher Richard McCloudReggie Nickson, KoreyTaylor, Mark , Jarrett Datcher, Richard McCloud,Jarrett Datcher, KoreyTaylor, James Patrick, Christopher Shorter, JoelJohnson, Charles Frazier , Akil Hameed,WilliamMiller, BrandonToliver.