[WSBARP] non-profit corp. HOA

[Douglas Scott]

Non-profit corporation HOA will be renting out a unit (maybe $2500 per
month) that it now owns and generating some income.  It is not really
"profit" since this income will be devoted to HOA expenses. Does the HOA
still qualify as non-profit?  I think so.
Also, does the HOA now need to complete income tax returns, etc?

*DOUGLAS W. SCOTT*
Rainier Legal Advocates|LLC

465 Rainier Blvd. N., Suite C
Issaquah, Washington 98027
425.392.8550 (tel)
425.392.2829 (fax)



www.rainieradvocates.com


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