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        <FormAndLineReferenceDesc>FORM 990-PART III, LINE 4A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ALPHA BETA ALUMNI ASSOCIATION CHAPTER OF MEMPHIS TENNESSEE OF THE PHI CHI MEDICAL FRATERNITY INC. WAS IN THE PROCESS OF RENOVATING CERTAIN REAL PROPERTY TO BE USED FOR STUDENT HOUSING FOR UNIVERSITY OF TENNESSEE MEDICAL STUDENTS' MEMBERS OF THE NATIONAL FRATERNITY. AFTER CONSIDERATION OF VARIOUS FACTORS SUCH AS THE INCREASED RENOVATION COST FOR THE REAL PROPERTY, THE OVERALL HOUSING MARKET, OTHER AVAILABLE HOUSING FOR MEMBERS, THE MANAGEMENT OF THE PROPERTY AND THE OVERALL INCREASE IN THE COST TO MAINTAIN THE PROPERTY, THE BOARD OF DIRECTORS MADE THE DECISION TO SELL THE PROPERTY. THE BOARD INTENDS TO CONTINUE TO EVALUATE THE HOUSING MARKET IN THE UNIVERSITY OF TENNESSEE MEDICAL DISTRICT AREA AND EXPLORE THE ACQUISITION OF REPLACEMENT PROPERTY.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 8A</FormAndLineReferenceDesc>
        <ExplanationTxt>ALTHOUGH NO FORMAL IN PERSON MEETINGS WERE HELD DURING THE YEAR, THE BOARD OF DIRECTORS COMMUNICATED VIA TELEPHONE CONFERENCES OR ZOOM MEETINGS REGARDING VARIOUS OPERATIONAL AND INVESTMENT MATTERS</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 8B</FormAndLineReferenceDesc>
        <ExplanationTxt>NO FORMAL COMMITTEE MEETINGS WERE HELD DURING THE YEAR; THEREFORE, NO DOCUMENTATION OF MEETINGS WAS PERFORMED.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BOARD OF DIRECTORS REVIEWED AND APPROVED THE DRAFT OF THE RETURN PRIOR TO FILING.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 18</FormAndLineReferenceDesc>
        <ExplanationTxt>THE TAX RETURNS ARE AVAILABLE FOR PUBLIC INSPECTION AND REVIEW UPON REQUEST</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>ALL ORGANIZATIONAL AND GOVERNING DOCUMENTS AND TAX RETURNS ARE AVAILABLE UPON REQUEST</ExplanationTxt>
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