|Re: 501(c)3 status||<– Date –> <– Thread –>|
|From: John Beutler (jabeutlercomcast.net)|
|Date: Thu, 7 May 2015 05:07:35 -0700 (PDT)|
I don't think there's any way you would qualify as a 501c3, and I see no advantage to doing so. 501c3 status is for charitable organizations, not homeowners. Talk to a lawyer. 501c3 has advantages for mailiing stuff cheaply in the US mail, but I can't imagine much use for that!
Cheers JAB On 5/6/2015 10:15 AM, revjat [at] gmail.com wrote:
Placitas Sage Cohousing is a developing senior community in New Mexico between Albuquerque and Santa Fe. Two years ago we organized as an LLC. Now, as we are about to purchase our site from members, we realize the advantages of being a 501(c)3 non-profit. Can any of you tell us how best to change to that status, and/or the advantages or disadvantages of doing so? We will have 16 units ("casitas") and common house on about 7 acres, are about to purchase the land, and hope to start building by the beginning of next year. We are self-developing now, but hoping to find a developer to work with us. We now have 7 households committed, and are actively marketing in the area and through our website, PlacitasSage.org. I'll be attending the Conference in Durham to gather more information. Joyce Thompson Placitas Sage Cohousing Placitas, New Mexico 505-697-2212 _________________________________________________________________ Cohousing-L mailing list -- Unsubscribe, archives and other info at: http://www.cohousing.org/cohousing-L/
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