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The difference between 501©(3) and 501©(4) organizations
http://www.nj.com/helpinghands/nonprofit...1c3_a.html
and
http://www.outsidethebeltway.com/501c4-vs-501c3-vs-527/
quote:
Originally posted by mermaid53
[quote]Originally posted by msky
MORGAN: I was told that HPPOA is a 501c4
[quote]Originally posted by reni
Hi Reni, a previous board member said, we are classified as 5014c.
Morgan should be able to confirm.
Mahalo, I was told by a previous Board member that we were a 5013c. Clarification on this would be greatly appreciated. (Both are NON PROFIT CORP. For now, let me edit my previous statement to read As you read these minutes, keep in mind that
"we are a (--5013c) NON PROFIT CORP. bound by not only our own bylaws but both Fed. and State regulations governing Non-profit
Corporations. "
In regards to a Conflict of Interest Policy...
What are the Federal requirements?
What are the State requirements?
What do our OWN Bylaws read?
---------------------------------------------------
Hi Morgan, some of your post was confusing with your fusing different people's posts together. I think you're confirming that we are indeed a Non Profit Corp 501c4 as a previous board member had told me?
So the question is what's the difference between the classification that Reni gave of 501c3 and 501c4? Can anyone assist?
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501c3 is usually for a charity or religious organization. There are over twenty 501 sub sections. Somehow I doubt HPPOA is operated as a charity. A 501c4 may engage in limited political activities (most likely lobbying for their HoA interests)
I did find this on the internet:
"Depending on the activities engaged in, and also on the choice of the
particular organization, a homeowners' association may generally qualify for
exemption from federal income tax under IRC 501©(4), 501©(7), or 528. "
Assume the best and ask questions.
Punaweb moderator
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Thanks Morgan and Rob for the info.
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THIS WAS SENT TO THE HAWAII TRIBUNE HERALD/ LETTER TO THE EDITOR FOR PUBLICATION
BY MYSELF AND MY HUSBAND. PERHAPS THIS WILL BE OF INTEREST TO HPPOA MEMBERSHIP
WHO ARE NOT AWARE OF WHAT HAS OCCURED
Lawsuit against HPPOA and 6 Board of Directors
! As concerned property owners of Hawaiian Paradise Park,
we wish to address this letter to our membership, who may not be aware that
our association and 6 of our Board of Directors have recently been officially
served with a civil suit, stemming from the wrongful termination of three HPPOA employees back in July, 2014.
! Mediation was requested and should have happened, but in a confounding
set of inactions and denial, the board refused to mediate with the employees, who
are still willing to negotiate.
! Had the board accepted mediation we might not be facing a lawsuit. It takes two to tango and their refusal, and distain for following rules and regulations
puts all members at risk.
! The plaintiffs are claiming damages and all this will cost money, money and more money from the general membership, as well as tie up the boards energies, and could drain the association general fund.
! Funds that should be directed towards maintaining and paving our roads,
may now be diverted to bailing us out of this mess these directors have created.
! We encourage all HPPOA members to become involved in questioning
the actions of these representatives and attend the general membership meeting, Sunday, October 26 at 3:00 PM at the HPPOA activity center.
Aloha
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Phanor,
One good thing about the Trib Herald is that they only accept SIGNED letters to the Editor.
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quote:
Originally posted by Orchidlandguy
Why would you put this in the paper?
Because it is true.
quote:
Originally posted by Orchidlandguy
You are devaluing our property by putting this in the paper.
No.
The board members who acted recklessly did this.
quote:
Originally posted by Orchidlandguy
Sounds like you are working against HPPOA and for the fired employees.
No.
Simply working for justice -- a matter of higher ethical values.
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Dr. W,
A day late and a dollar short.
Where were you when the last Mgr. was threatening residents, wasting our money, piling green waste, breaking laws?,
Where were you when the last BOD ran this place like it was their own kingdom, breaking the BiLaws left and right? Didn't hear a peep from you then.
You seem to be pretty selective with your "justice and ethical values".
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quote:
Originally posted by Kenney
Dr. W,
A day late and a dollar short.
Where were you when the last Mgr. was threatening residents, wasting our money, piling green waste, breaking laws?,
Where were you when the last BOD ran this place like it was their own kingdom, breaking the BiLaws left and right? Didn't hear a peep from you then.
You seem to be pretty selective with your "justice and ethical values".
Your opinion, and you are welcome to it.
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I agree that James Weatherford has blinded himself to a significant number of missteps by the old management and board. The new board has also made some serious mistakes, but he only chooses to focus on those. What makes it even more ironic is that I looked it up, and he is not officially an HPP property owner. Only his wife, a former board member, is, but we don't hear from her. I actually liked some of her statements on road issues, and her opinion and votes did not appear to be locked in to a faction.
A balanced look at this whole tawdry drama will show that both board factions in this conflict do not seem to be capable of competently running such an organization. I have spoken with lots of neighbors and others in HPP, and none of them want the fired employees back on the job or being awarded a settlement. None of them have much confidence in the new board, either, although some of them seem to think they deserve a chance to redeem themselves.
My own opinion remains that the current system doesn't work in HPP and that court-imposed professional management is the only solution. Administrative receivership without financial default would be my choice for immediate relief, and I don't know what the legal provisions fot that might require. In the long run, however, an appointed, independent board might be the best solution since receivership is only temporary.
All of this I'm posting is mostly just opinion, and the real outcome will likely be determined by one or more courts. Sad.
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Orchidlandguy,
Prices may drop just by the fact that Case # 3CC14-1-000381 has been filed.
A lawsuit must be disclosed in the Disclosure statement signed by the seller in escrow.
"I have never in my life learned anything from any man who agreed with me."
-Dudley Field Malone
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