Tag Archives: status

Community Associations and the IRS

We often get asked whether community associations can or do qualify as 501(c) organizations under the Internal Revenue Code.  Sometimes the question arises because the association derives too much income from sources other than assessments to file IRS Form 1120-H, and it is looking at way to...

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IA: Culver wants lake restored after dam fails

News items of national interest regarding Condominium and Homeowner associations, compiled by the Community Associations Network

Residents fear millions of dollars in property values also washed away, because about 900 vacation homes and cottages lost their lakefront status. The dam is owned by the local homeowners association.
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