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One thing that my current club does that cuts down on the time required for "business" and maximize social/ program time is to have a printed page of announcements. All upcoming dates/ events are listed with appropriate contact information. the Only business items then are things that need discussion or volunteers.
Your first event may be more successful if it's in a public place rather than a private home. Not everyone is comfortable going to a private residence of someone they have never met. They would, however go the Starbucks for an informal gathering. A follow up barbecue after collecting some names/ emails of an organizing committee can generate buzz.
One thing that your district president can help you with is a snapshot of "what's happening in the fraternity". That is one thing that may attract some alums curious about what is happening that may or may not make the magazine. Talk about where chapters have been chartered, where convention is next. The basic idea is that you are offering something they can't get elsewhere.
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