Our revised bylaws are almost complete, pending final tweaks after final reviews from two neighborhood attorneys. At the March General Meeting and St. Patty’s ‘NO PARKING’ sign building party (Wednesday, March 14, 6:30pm, at the home of Anna & Will Short, 5618 Richard Avenue), we will present the bylaws to the membership and vote on their approval.
One of our main objectives for this year is to obtain the IRS’ Section 501(c)(3) status as a “Not for Profit Organization.” This designation will allow VPNA to accept tax-deductible donations from residents and businesses so that we can better serve the needs of our neighborhood. Last year, our initial application to the IRS was returned because our association’s bylaws were not specific enough for a “Not for Profit Organization” (although we have always been registered and recognized by the State of Texas as a Non-Profit Corporation). So to remedy this situation, we had to revise the bylaws.
During the revision process, we reviewed several other local neighborhood associations’ bylaws and it became clear that we should update and add to other areas as well . With these needs and requirements in mind, and with the assistance of two local attorneys who have experience in neighborhood associations and/or 501(c)(3) corporations, our bylaws have been updated to accomplish the following main objectives:
(A) Enable us to acquire IRS 501(c)3 status.
(B) Protect our Association by better defining and clarifying our policies, procedures, and operating standards. Included in this area are enhanced definitions, clarifications, and rules governing Board Members when possible “conflict of interests” exists in cases before the board.
(C) Define and Incorporate our digital assets (website, Facebook presence, email lists, etc.) into our communication strategy and specify editorial command and control of all print and digital media assets.
Since space in this newsletter is both limited and cost prohibitive, we have published the latest draft bylaws on this website in the “Resource Center” section (www.vickeryplace.com/resource-center). We have also posted this article and links to the new bylaws on our Facebook page at www.facebook.com/VickeryPlace. You can also request a copy by sending an email to email@example.com. And if you don’t have email, please send a letter to VPNA, PO Box 720192, Dallas, TX 75372 and we will drop off a copy at your house.