The National Association of Certified Home Inspector, Inc.'s (NACHI) annual tax returns
For your viewing enjoyment we have listed below the 990 forms for The National Association of Certified Home Inspectors, Inc. The National Association of Certified Home Inspectors, Inc. is and always has been a non-profit corporation but has additionally filed for and was granted IRS tax exempt status
http://www.nachi.org/nachitaxexempt.htm dating back to 1998. Note, the National Association of Certified Home Inspectors, Inc. had no legal duty to to seek this tax exempt status but did so only for the sole purpose of offering greater disclosure to those interested. The National Association of Certified Home Inspectors, Inc. (NACHI) is the U.S. sister organization to the International Association of Certified Home Inspectors, Inc. (InterNACHI).
2007 990's represent the National Association of Certified Home Inspectors, Inc.'s last year in operation.
Q. Why did the National Association of Certified Home Inspectors, Inc., which formed in 1990, wait until 1998 to incorporate as a non-profit? Was InterNACHI originally a for-profit company that switched to non-profit?
A. The National Association of Certified Home Inspectors, Inc. has always been a non-profit organization. The National Association of Certified Home Inspectors, Inc. did not have income or collect dues until 1999 (just after Al Gore invented the internet). Once we decided to collect dues and go national (with Al's help) we needed a bank account and an entity, so we incorporated the association. Many of the world's largest companies and non-profit organizations started out unincorporated and only incorporated later. Many inspection firms do too. This is not unusual, especially in light of the fact that The National Association of Certified Home Inspectors, Inc. had no income until it started collecting dues in 1999 (The National Association of Certified Home Inspectors, Inc.has never been very proficient at collecting money). The National Association of Certified Home Inspectors, Inc. accepts no outside funds and so we're not "owned" by anyone figuratively. We don't even sell so much as a banner ad on our 145 million hit/year website. The National Association of Certified Home Inspectors, Inc. did not issue stock (see 1998 corporate filing link above) and so the National Association of Certified Home Inspectors, Inc. is not "owned" by anyone literally either. It is the most member-driven trade association that ever was.
In an effort to provide greater disclosure to those interested, the National Association of Certified Home Inspectors, Inc. filed for and was granted IRS tax exempt status dating back to 1998
http://www.nachi.org/nachitaxexempt.htm, something the National Association of Certified Home Inspectors, Inc. nor any non-profit organization has any legal duty to seek (Many non-profit organizations never seek IRS tax exempt status). Toward that end we refiled 990's (listed above) back to the date where we first collected membership dues and have made those documents public. Our purpose in duing this was to demonstrate that every penny of the National Association of Certified Home Inspectors, Inc. money goes to help the National Association of Certified Home Inspectors, Inc. members.
About tax exempt status of other organizations:
The NACHI Foundation is a separate organization based in Maryland. The NACHI Foundation is a Federally tax exempted 501(c)(3) organization. All donations are fully deductible up to 50% of income as allowed by law. The NACHI Foundation is a public charity.
http://www.nachifoundation.org
The International Association of Certified Home Inspectors, Inc. (InterNACHI) is also a separate organization based in Colorado. The International Association of Certified Home Inspectors, Inc. is also a Federally tax exempt 501(c)(6) organization.
http://www.nachi.org/inachitaxexempt.htm