Quote:
Originally Posted by chopper606
Intersting, please explain.
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The House Corporation at Cal works like gangbusters - taxes and forms in on time, a profit every year, annual meetings held, you name it and our house corp can do it.
When revenue fell (due to low membership) the house corp, using sound business judgment, cut rent to encourage occupancy. The chapter membership evolved from a fraternity chapter into a group of people who joined simply to have a cheap place to live. Revenue rose slightly but what we gained in corporate revenue was lost when a move was made to raise the rent and everyone moved out - "I can find a cheaper place to live down the street". At that point there was no chapter.
The house corporation was the sole alumni contact that the undergrads had and it was seen simply as a landlord. Brotherhhod wasn't part of the deal. No mentoring. No give and take between alumni and undergrads.