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Home My WebLink AboutHEO IRS Tax DeterminationINTENNY REVEN£ SERVICE DEPARTMENT OR THE TREASUgT P. 0. Boy 250E CINCINATI, ON 45201 Employer Identification Number - Date: FEB 0 2 2000 56 2111502 OtN: I1053309014029 HOUSING AM ECONOMIC OPPORTUNITIES Contact Person: INC PATRICIA JACRSON IDp 52635 Go 3 ALAN Jaws Contact Telephone Number - PO Box 899 (OlJ) 829-5500 WILMINGTON, NO M402 Accounting Period Ending: March 31 founzation Status Classification: 170(b)(1)(A)(vi) Advance Ruling Period Begins: -November 5, legs Advance Ruling Period Ends: _ March 31, 2003 Addendum Applies: No Dear APplicanL Based on information you supplied, and assuming your operations will he a stated in your application for recognition ofe exemption, we have determined you exemptare or fa federal income tax under section seta) of the Internal Revenue Code a organization described in section 501{U f3). Because you are newly created organization, w not n caking a final determination of your foundation status under section 509(a) of the Code. Rowever, we have determined that you can reasonably expect to be a publicly supported organization described in sections509(a)(I) and 170(bl(1](A](vi). Accordingly, during a advance ruling period you will be treated as s Publicly supported organization, and not a a private foundation. This advance ruling period begins and ends on the dates she" above- .. .. _.Within 20 .days after the endof year advance ruling-pe[lod, you must end us the information needed to determine whether you have met the require - month of the applicable support test during the advance ruling period. If you establish that you have been a publicly supported organization, we ill classi- fy you Is ection 509(a){IJ or 509(a).(21 orianizat$nn as long as you continue to meet the requirements of the applicable support test. If you do not east the Public support requirements during the advance ruling period, me will classify you a a private lwndation for future periods. Also, if we classify you as a private foundation, we will treat you as A private foundation from Year beginning date for Purposes of section 307(d) and 4940. Grantors and Contributors may rely on our determination that you are not a Private foundation until 90 days after the end of your advance ruling period. If you said as the required information within the 90 days, grantors aM contributors may continue to.rely on the advance determination until we when -. a final determination of your foundation status. -2- HOUSING MN ECONOMIC OPpWRUNITIEs If we publish a notice in the Internal Revenue Bulletin stating that e sill no longer treat you a A publicly supported organization, Ngrantors and contributors may not rely on is determination after the date a publish the notice. In addition, if you lose your status as a publicly supported organi- zation, and a grantor or contributor was a responsible for, or sas ware of, the act or failure to act, that resulted in your loss of such status, that person lay not rely on this determination tree the date of the act or failure to act - At,,, it A grantor or contributor learned that we had given notice that you Mold be reserved from classification as a publicly supported organization, then that person lay not rely on this determination as of the date be or she acquired such knowledge. 11 You change your Sources ces of support, your purposes, Character, or method Of operation, please let us know s consider the effect of tM Change o your a empt status and foundation status- If you amend your organizational document or bylaws, please send us a copy of the amended document or bylaws. Also, let us MCI all changes in your name or address. - As of January 1, IT94, you are liable for social security Lazes under the Federal Insurance Contributions Act o "aunts of $100 or more you pay to each of your employees during a Calendar year- You a not liable for the tax imposed under the Federal Unemployment Tax Act (FUTA)re Organizations that are not private foundations are not subject to the pri- vate foundation excise e taxes under Chapter 42 of the Internal Revenue Code. Roesler, you a not Automatically exempt from other federal excise taxes. If you have any questions about excise, employment, or other federaltaxes, please ill ns MCI. Donors may deduct contributions to you as provided In section vo of the Internal Revenue Code. Bequests, legacies, devises, transfers, or gifts to you - r for your use are deductible for Federal estate and gift tax purposes if they meet the applicable provisions of sections 2055, 2106, and 2522 of the Code. Donors May deduct Contributions to you only to the extent that their contributions are gifts, with n e consideration r ived. Ticket purchases and Similar payments in c nctian with fundraisingro events say t necessarily qualify as deductible Contributions, depending on the circumstances. SSRevenue Ruling 67-246, published in Cumulative Bulletin 1967-2, on page 104. gives guidelines regarding when taxpayers may deduct paYeents for admission to, or other participation in, fundraising activities fnr Charity. You are not required to file Form 990, Return of Organization Exempt From Income Tax, if your gross receipts each year are normally a25,000 or less. If you re Ceve a Form 9" package in the mail, simply attach the label provided, check the box in the heading to indicate that your annual gross receipts are normallyed $25,000 or less, bid sign the return. Because you will he treat" ae public charity for return filing purposes during your entire advance ruling period, you should file Form 990 for each year in your advan Ce ruling period -3- HWSI>G AM ECUM*IC BPPOflTNIITIES that you exceed the S25,000 filing threshold even e if your s of support dal not satisfy the public support test specified in the heading of this letter. If a return Is required, it dust be filed by the 15th day of the fifth nnth Vier the and of your a u.I accounting period. M Penalty of $20 a day is charges when a return is filed late, unless there is reasonable cause e tar the delay. However, the a , penalty charged cannot exceed $10,000o 5 percent of year gross receipts for the year, whichever is less. For organizations with gross receipts exceeding S1,000,000 in any year, the penalty is $100 per day per return unless there i reasonable Cause for the delay. The u en e penalty for an Organization withgrossreceipts exceeding $1,000,000 Shall not exceed! $50,000. This penalty way also be charged if a s cu return i not .pletef 5o, please be sure your return is complete before you file it. You Are not required to file federal income tax returns unless you are subject to the tax an unrelated business income under section 511 of the Code. If you are subject to this tax, you dust file an income tax return an Fora 990-T. Exempt Organization Business Income Tax Return. In this letter we are not determining whether any of your present or proposed activities are unre- lated trade or business as defined in section 313 Of the Code. The law requires you to wake your anuai return available for public inspection without charge for three years after the due date of the return. You are also required to make available far public inspection a copy of your exemption application, any supporting documents and this exemption letter to any individual vM requests such documents in Person or in writing. You can charge only'a nable fee for reproduction and actual postage costs for the Copied materials. The law does not require you to provide copies of public Inspection documents that are made widely available, such as by posting them n the Internet (Mrld Wide Web), You way be liable for a penalty of $20 a day for each day you dal not make these documents available for Public Inspection (up to a maximum of $10,000 in the case of an annual. return). .you need an employer identification number wan it you have no employees. --.._._. If anemployer identification number wasnot entered an your application, w will a sign a number to you and advise you of it. Please use that number do all returns you file and in all correspondence with the Internal Revenue Service. If we Said in the heading of this letter that an addendum applies, the addendum enclosed is an integral part of this letter. Because this letter could help us resolve any questions about your exempt status and foundation status, you shouldkeep it in your permanent records. HOUSING AM ECONOMIC OPPORTUNITIES It you have any questions, please contact the person whose name and telephone number are shown in the heading of this letter. Sincerely yours, Steven T. Miller Director, Exempt Oro anizations EnclosureW: Form D>2—C