To sum up your post:
-Stellar grades, presumably with no lack of rigor (ranked 1st in your class).*
*What do you mean when you say your rank is “unofficial?”
-Decent test scores, but below-average for MIT (33 on the ACT). Colleges don’t care about PSAT scores - they won’t even know your score, as it isn’t included in any of the score reports the College Board sends to colleges/universities.
-Extracurriculars apparently limited to:
–A club that isn’t doing all that well (in your own words, “faltering”)
–Some local CS awards
–A lot of coding in your free time
Nothing in the above profile really stands out. There’s little to suggest your chances would be any better than those of the average applicant: 8%, or maybe 7% if acceptance rates continue to decline as they have in recent years.
You say you’re a minority student. Is that one of the census-recognized minorities (black, hispanic, native american)? If so, which one. It’s the one “hook” that you seem to have, so we really could use more information.
Everything @bodangles has said about the financial aspect of college is correct. MIT’s cost of attendance is close to $60,000 a year. If you’re expecting your parents to pay $240,000 for your education, that’s far from reasonable.