Cohousing-L Mailing List: Re: 501(c)3 status

[John Beutler (jabeutler]

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
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