As of February 1, 2018, ICA is now recognized as a non-profit 501(c)3 charitable organization by the IRS. This is a great accomplishment for the organization and the Idlewood community. Here is what you need to know about the status.
I THOUGHT ICA WAS A NON-PROFIT?
Yes, before we acquired 501(c)3 status we were recognized only by the State of Maryland as a nonprofit. The IRS now recognizes ICA a charitable organization under federal government provisions and law to abate neighborhood deterioration and improve community living conditions.
HOW DOES THIS EFFECT ME AS A HOMEOWNER IN IDLEWOOD?
The acquisition of this status does not obligate any covenants or rules on your property. It does not increase any property taxes or associated fees in the sale or purchase of a home in the community. With this status we intend to make the community safer, cleaner, healthier, and valued; which is great for any homeowner invested in Idlewood.
WHAT DOES THIS STATUS CHANGE?
The status allows ICA to pursue government grants and take donations to increase productivity, create programs and initiatives in the community. We will be able to foster new partnerships with other well established community development organizations, major donor contributions both corporate and public, and community advocates.
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