The LGBTQ+ Real Estate Alliance continues to make rapid progress as we have officially filed to become a 501(C)6 non-profit organization with proper transparency and governance. We are dedicated to advocate on behalf of the LGBTQ real estate consumer and professionals while serving as a preeminent networking group.
Without going to deep into legalese, a 501(C)6 is an IRS tax code that allows several types of groups – including Chambers of Commerce, trade and professional associations – the ability to operate as a non-profit entity.
The process for application is relatively straightforward as we now wait for approval from the IRS. The organization currently functions as a nonprofit corporation incorporated in the State of Minnesota.
The LGBTQ+ Real Estate Alliance is currently led by a 50+ person Steering Committee and smaller Executive Committee. We are working towards creating the bylaws of the Alliance that will ensure transparency and the proper governance.
The Alliance will ultimately be led by a Board of Directors and staff, as well as a Chapter Delegate Board to assist governing membership.