Non-Profit IRS 501c3 Affordable Housing formation

Scope of Our Legal Services You will perform the following services on behalf of your organization: 1. Review Formation of the New Jersey Not-For-Profit Corporation I form a NJ non profit corporation for affordable housing developer and management in NJ, TX and PA. We will prepare and file the Certificate of Incorporation with the State of New Jersey , fully complying with state laws and IRS requirements for organizations seeking 501(c)(3) tax-exempt status. This includes drafting the proper charitable purpose language and dissolution provisions required by the IRS. 2. Review the Corporate Governance Documents Our office will prepare the complete corporate governance package for your organization, including: • Corporate By-Laws governing management and operation, in compliance with requirements from the State of New Jersey and the Internal Revenue Service. • Organizational meeting minutes for the initial Board of Directors • Corporate resolutions for adoption of bylaws and appointment of officers • Corporate book and records package • Membership certificates (if applicable) • Corporate seal and official record keeping materials These documents establish the legal structure and operational framework required for proper nonprofit governance. 4.Review Board Protection and Compliance Documentation Indemnification agreements for directors and officers • Covenant not to sue provisions protecting the board • Conflict of interest policy required for nonprofit compliance • Corporate compliance documentation to maintain proper nonprofit records 5. Preparation and Filing of the IRS Application for Tax-Exempt Status You will handle the complete preparation and submission of the organization’s application for federal tax-exempt status under Section 501(c)(3). This process includes: • Gathering and organizing the required information regarding the organization’s activities and structure • Preparing the appropriate IRS application for exemption • Drafting supporting statements describing the organization’s charitable mission and programs • Assisting in Preparing required financial projections and operational disclosures • Submitting the application and supporting documentation to the IRS • Monitoring the application throughout the review process • Communicating directly with the IRS agent assigned to the case • Preparing responses to any requests for additional information or clarification Upon approval, the organization will receive the official IRS Determination Letter recognizing it as a tax-exempt charitable organization. 6. Guidance Through the Nonprofit Formation Process Throughout this process, our office will guide you through the steps necessary to properly establish and operate your nonprofit organization, including compliance considerations, recordkeeping requirements, and general nonprofit operational guidance. Provide a flat fee.