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TishS
(Washington)
Posts:116
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| 08/29/2010 9:52 AM |
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We have a community park. It is designated by the county as tax exempt as a community park.
The way I read the IRS regulations. The park must be open to the general public. The HOA currently has it paddle locked and only members of the HOA can have access.
Are we in violation of the tax exempt status by locking the public out? |
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MaryA1
Posts:0
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| 08/29/2010 3:14 PM |
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Tish,
Is your HOA a nonprofit corp or do you have a 501(c) designation, meaning you are tax exempt. If the latter then I believe you do have to open up your facilities to the general public. If, however, your HOA does not have a 501(c) designation then you are just a non-profit corp and do not have tax exempt status and may maintain your facilities as private entities. |
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MaryA1
Posts:0
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| 08/29/2010 3:14 PM |
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Tish,
Is your HOA a nonprofit corp or do you have a 501(c) designation, meaning you are tax exempt. If the latter then I believe you do have to open up your facilities to the general public. If, however, your HOA does not have a 501(c) designation then you are just a non-profit corp and do not have tax exempt status and may maintain your facilities as private entities. |
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MaryA1
Posts:0
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| 08/29/2010 3:15 PM |
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Tish,
Is your HOA a nonprofit corp or do you have a 501(c) designation, meaning you are tax exempt. If the latter then I believe you do have to open up your facilities to the general public. If, however, your HOA does not have a 501(c) designation then you are just a non-profit corp and do not have tax exempt status and may maintain your facilities as private entities. |
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MaryA1
Posts:0
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| 08/29/2010 3:15 PM |
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Tish,
Is your HOA a nonprofit corp or do you have a 501(c) designation, meaning you are tax exempt. If the latter then I believe you do have to open up your facilities to the general public. If, however, your HOA does not have a 501(c) designation then you are just a non-profit corp and do not have tax exempt status and may maintain your facilities as private entities. |
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MaryA1
Posts:0
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| 08/29/2010 3:15 PM |
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Tish,
Is your HOA a nonprofit corp or do you have a 501(c) designation, meaning you are tax exempt. If the latter then I believe you do have to open up your facilities to the general public. If, however, your HOA does not have a 501(c) designation then you are just a non-profit corp and do not have tax exempt status and may maintain your facilities as private entities. |
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MaryA1
Posts:0
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| 08/29/2010 3:15 PM |
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Tish,
Is your HOA a nonprofit corp or do you have a 501(c) designation, meaning you are tax exempt. If the latter then I believe you do have to open up your facilities to the general public. If, however, your HOA does not have a 501(c) designation then you are just a non-profit corp and do not have tax exempt status and may maintain your facilities as private entities. |
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MaryA1
Posts:0
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| 08/29/2010 3:15 PM |
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Tish,
Is your HOA a nonprofit corp or do you have a 501(c) designation, meaning you are tax exempt. If the latter then I believe you do have to open up your facilities to the general public. If, however, your HOA does not have a 501(c) designation then you are just a non-profit corp and do not have tax exempt status and may maintain your facilities as private entities. |
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| You are not authorized to post a reply. |
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