Cohousing-L Mailing List: survey on "for-profit entity"

[Howard Landman (howard]

The finance committee here at River Rock Cohousing in Fort
Collins CO is being pressed to finalize our approach to
activities which could jeopardize the non-profit status of
the HOA.

We've identified several possible approaches:

1)  Let the HOA collect and pay out the money for atypical
activities, and make sure to stay within the dollar limits
imposed by the IRS.

2)  Informal "clubs" (such as meal clubs) which operate on
a cash basis, and break even at the end of the year.

3)  Informal "clubs" which use somebody's checking account,
and break even at the end of the year.

4)  "Umbrella" club which handles finances for a variety of
activities.

5)  Non-profit organization with its own tax number.

6)  Corporation: totally owned subsidiary of the HOA.

7)  Corporation: shares owned by residents.

What I'd like to know from other communities is:

A) Which of the above do you use (or, if none, what *are*
you doing)?

B) How is it working so far?  (I.e. are you happy or do you
wish you'd done something else?)

Thanks in advance,

        Howard A. Landman
        River Rock Cohousing
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