Cohousing-L Mailing List: [no subject]

[Glen Orcutt (gorcutt]

I received this message privately, but I will post it for  the benefit of
the list.

>I'm sending this to you since you are the listed e-mail person for Valley 
>Oaks Village.  Please forward to Glen Orcutt or I'm sure you can answer 
>just as well as he could.

>Glen Orcutt wrote:
>> 
>>  Rowena Conkling asked if any coho project incorporated.  
>> 
>> Valley Oaks Village incorporated as a non-profit corporation set up
>> specifically to develop our project.  We got advice from a good attorney
>and
>> went with it.  It has worked out quite well for us and we had no trouble
>> getting a construction loan.
>> 
>> Hope this helps.
>> 
>> Glen Orcutt
>> Valley Oaks Village
>> Chico, CA
>> 
>To be a non-profit, don't you have to show somehow that you're 
>benefitting the community around you.  How did you do this?  Was it very 
>expensive to incorporate as a non-profit (one lawyer I talked to 
>indicated that it cost a lot more to do the paperwork for a non-profit).  
>
>I think I've e-mailed you before about legal situations. We're trying to 
>get all the information we can so that we can form the appropriate sort 
>of group to do our development and then to segue into some kind of 
>homeowners association.  
>
>Will you change legal structures after you're 
>finished building?
>
>Thanks!
>Congratulations on getting the building part started!  :)
>
>Ginger W. Long
>Mimosa Grove Cohousing (MoGo CoHo)
>Chapel Hill/Durham, N.C.
>gpye_Long [at] ncsu.edu
>
>"No matter where you go, there you are."
>                                -- Buckaroo Banzai


In California, we have a corporate form called "Mutual Benefit Non-Profit
Corporation."
That means that we are not out to benefit the public (in their eyes anyway)
-- but we are not out to profit either (ain't that the truth).

Our corporation will transform into our homeowners association -- another
mutual benefit non-profit which is exempt from the $800/year fee somehow.

Good luck.

Glen Orcutt
Valley Oaks Village
Chico, CA