What must be true for Homes for All to qualify as a nonprofit organization under the S.A.F.E. Act?

For Homes for All to qualify as a nonprofit organization under the S.A.F.E. Act, it must not engage in for-profit activities. This is fundamental to the definition of a nonprofit organization. Nonprofits are established primarily for purposes other than generating profit. Their revenues are typically reinvested into their mission or used to support the organization's operations rather than being distributed to shareholders or owners.

This characteristic is essential because it aligns with the S.A.F.E. Act's intention to differentiate between organizations that serve the public interest and those that operate for private gain. Therefore, an organization like Homes for All must demonstrate that its activities and financial structure facilitate its mission of serving the community rather than pursuing profit, confirming its eligibility for nonprofit status.

While tax-exempt status, promoting affordable housing initiatives, and paying competitive salaries may also be relevant to nonprofits, they are not definitive criteria for qualifying as a nonprofit under the S.A.F.E. Act. The core requirement remains that the organization is not engaged in for-profit activities.