Qualified nonprofit organization means, with respect to a Project, an organization exempt from federal income tax under Section 501(c) (3) or (4) of the Internal Revenue Code, which is not and during the Compliance Period will not be affiliated with or controlled by a for-profit organization, whose exempt purposes include the fostering of low income housing, which owns an interest in the Project, which will materially participate in the development and operation of the Project throughout the Compliance Period, and which is not affiliated with or controlled by a for-profit organization.
Qualified nonprofit organization means a North Dakota incorporated or established tax-exempt organization under 26 U.S.C. 501(c) to which contributions qualify for federal charitable income tax deductions with an established business presence or situs in North Dakota.
Qualified nonprofit organization means, pursuant to Section 42(h)(5)(B) of the Code, an entity that owns an interest in the project (directly or through a partnership) and materially participates (within the meaning of Section 469(h) of the Code) in the development and operation of the project throughout the compliance period and is not affiliated with or controlled by a for-profit organization.
Examples of Qualified nonprofit organization in a sentence
Planned gift was given to: Qualified nonprofit organization Qualified endowment fund.
Defined by Section 4 of the Indian Self-Determination and Education Assistance Act (25 U.S.C. 450b); for the purpose of this rule, this includes federally recognized Indian tribes and Alaska Native Corporations.(3) Qualified nonprofit organization.
Defined by Section 4 of the Indian Self-Determination and Education Assistance Act (25 U.S.C. 450b); includes federally recognized Indian Tribes and Alaska Native Corporations.(3) Qualified nonprofit organization.
More Definitions of Qualified nonprofit organization
Qualified nonprofit organization means a nonprofit entity as defined for the purposes of the federal nonprofit Set Aside in Code Section 42(h)(5)(c). The organization must meet the requirements of Code Section 501(c)(3) or 501(c)(4), and have the fostering of low income housing as one of its purposes. Additional requirements, including delivery of an IRS designation letter, must be met for scoring purposes.
Qualified nonprofit organization means an organization described in Sections 501(c)(3) or 501(c)(4) of the IRS Code and exempt from tax under Section 501(a). The production of decent, safe and affordable housing must be one of the defined goals, objectives, or purposes of the nonprofit organization. The nonprofit organization must materially participate in the Project, meaning that the organization must be involved on a regular, continuous, and substantial basis in both the development and operation of the Project during the term of the Compliance Period. The nonprofit must also own an interest in the Project throughout the Compliance Period and may not be affiliated with or controlled by a for-profit organization.
Qualified nonprofit organization means any nonprofit public benefit corporation formed pursuant to the Nonprofit Corporation Law (Division 2 (commencing with Section 5000) of Title 1 of the Corporations Code) qualified to do business in California and qualified for exempt status under Section 501(c)(3), 501(c)(4), or 501(c)(5) of the Internal Revenue Code.
Qualified nonprofit organization means any corporation or
Qualified nonprofit organization means a qualified nonprofit organization as defined in Section 42(h)(5)(C) of the Code.
Qualified nonprofit organization means a nonprofit organization that has demonstrated a commitment to the neighborhood for which it is submitting a plan or project, as reflected in its past activities or proposed activities in a preservation and revitalization plan, and which has the capacity to carry out activities in furtherance of such a plan, consistent with the provisions of section 4 of subchapter 4 of these regulations.
Qualified nonprofit organization means a charitable or religious institution that is exempt from federal income taxation pursuant to Section 501(a) of the Internal Revenue Code of 1986, as an organization which assists a parent of a child with the process of delegating temporary caregiving authority pursuant to this article, including identifying and screening an appropriate attorney‑in‑fact and providing services and resources to support the child, parents, and other persons authorized to provide temporary care for a child under a delegation.