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KBLX 102.9 FM Nonprofit Weekend Tip! Can Nonprofits be Landlords?

Can Nonprofits be landlords?    

Rental income by itself should not jeopardize your organization’s federal 501(c)(3) charity status. 

A charity may have rental income and in some cases the income is not even subject to unrelated business income tax (“UBIT”)  


Nonprofit organizations are usually subject to unrelated business income tax (UBIT) on income from a trade or business which is regularly carried on and which is "unrelated" to its exempt purpose, it is critical to determine whether an activity is "related" to the organization’s exempt purpose.  

New York State Property Tax Exemption

Nonprofit organizations in New York State are eligible to receive exemption from New York State real estate taxes for property the organization owns and uses for exempt purposes.      

California Welfare Exemption for Property Tax

Real and personal property owned and operated by certain nonprofit organizations can be exempted from local property taxation through a program jointly administered by the Board of Equalization and county assessors' offices in California. This exemption, known as the Welfare Exemption, is available to qualifying organizations that have income- tax- exempt status under Internal Revenue Code section 501(c)(3) or 23701(d) of the Revenue and Taxation Code and are organized and operated exclusively for religious, charitable, scientific or hospital purposes.

Link to California Property Tax Welfare Exemption 2012: http://www.boe.ca.gov/proptaxes/pdf/pub149.pdf   

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1 Comment to KBLX 102.9 FM Nonprofit Weekend Tip! Can Nonprofits be Landlords?:

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Mobile Phone Accessories New Zealand on Wednesday, July 31, 2013 11:54 PM
Thanks for your publication; wild style. Many thanks sharing your article.
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