Assisted Living residences
I need claification about a senior independent Apartment house with a residence association?
I live in a senior independent apartment house with a residence association with an 503 c status, so they can get donations from residence’s and buy party supplies at a discount and go on trips and buy computers for the building, we gov. our selves, there are no doctors here, this is not assisted living , we have jobs on the outside of the building. I want to know if someone does not follow the Bi-laws of our association can they lose their 503 c status?
Absolutely! From the IRS:
To be tax-exempt under section 501(c)(3) of the Internal Revenue Code, an organization must be organized and operated exclusively for exempt purposes set forth in section 501(c)(3), and none of its earnings may inure to any private shareholder or individual. In addition, it may not be an action organization, i.e., it may not attempt to influence legislation as a substantial part of its activities and it may not participate in any campaign activity for or against political candidates.
Organizations described in section 501(c)(3) are commonly referred to as charitable organizations. Organizations described in section 501(c)(3), other than testing for public safety organizations, are eligible to receive tax-deductible contributions in accordance with Code section 170.
The organization must not be organized or operated for the benefit of private interests, and no part of a section 501(c)(3) organization’s net earnings may inure to the benefit of any private shareholder or individual. If the organization engages in an excess benefit transaction with a person having substantial influence over the organization, an excise tax may be imposed on the person and any organization managers agreeing to the transaction.
Section 501(c)(3) organizations are restricted in how much political and legislative (lobbying) activities they may conduct. For a detailed discussion, see Political and Lobbying Activities. For more information about lobbying activities by charities, see the article Lobbying Issues; for more information about political activities of charities, see the FY-2002 CPE topic Election Year Issues.
Assisted Living Support Services and Healthcare
Chardon residents raise issues about proposed development
Those who spoke at Thursday’s public hearing on a rezoning request for industrial land in south Chardon all seemed to think that developers generally have a positive plan for the property.
The personal assistance provided at Assisted Living Facilities ensure that the dignity and self-respect of the occupants are upheld and that they get ample opportunities to socialize, make friends, and also keep in touch with their family. The assistance can be either routine or intensive. The personal assistants are trained to be mindful of the requirements and values of senior citizen.