[white_rose]

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That seems like a “you” problem than a problem with your president. Unless you have proof of something suspicious going on, then you’re just being prejudiced.

[white_rose]

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It sure sounds like you’re just being prejudiced. What makes you say that your president is sketchy and can’t be trusted?

[white_rose]

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HOAs and condos are pretty well-known for strange rules. This no bikini thing is definitely one of them but I see no harm in enforcing such a rule. I would be worried if it were the other way around and your HOA REQUIRED bikinis.

[white_rose]

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@cascascassie I’m not sure why we’re in a deficit (I’m not on the board but I am a VERY concerned homeowner). I’ll have to bring that up at the next board meeting.

@arnie920 Thanks for your input! I will definitely suggest it to our board.

[white_rose]

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Unfortunately, looking for a management company that we can afford isn’t as easy as it sounds. We’ve been forced to cut a lot of our spending due to a budget deficit.

[white_rose]

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We are a nearly 300-unit community in Indiana.

[white_rose]

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For your first question, hoaprez3 is correct. You prolly do need to organize as a nonprofit corporation under state law.

As for your second question. yes HOA’s do need to pay and file tax returns. Just cuz you are incorporated as a nonprofit doesn’t mean yo0u’re automatically excempt from taxes. To qualify as a tax-excempt nonprofit, you must meet the IRS requirements under 501(c)(4). On a federal level most file Form 1120-H or 1120. State tax forms can vary so best to check that out your self.

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