Illinois Articles of Incorporation of Homeowners Association

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A nonprofit corporation is one that is organized for charitable or benevolent purposes. These corporations include certain hospitals, universities, churches, and other religious organiza¬tions. A nonprofit entity does not have to be a nonprofit corporation, however. Nonprofit corporations do not have shareholders, but have members or a perpetual board of directors or board of trustees.

A Home Owners Association is an organization of homeowners of a particular subdivision, condominium or planned unit development. The purpose of a home owners association is to provide a common basis for preserving maintaining and enhancing their homes and property. Most homeowners' associations are non-profit corporations. They are subject to state statutes that govern non-profit corporations and homeowner associations. The associations provide services, regulate activities, levy assessments, and impose fines. Usually, each member of a homeowners association pays assessments. Those assessments or dues are used to pay for expenses that arise from having and maintaining common property.

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FAQ

The Articles of Incorporation must be filed with the Illinois Secretary of State, either online or by mail, and should include: Corporation Information: The primary purpose and name of the corporation, Registered Agent Name, Registered Office, Stock Structure, and the address and names of incorporators.

You can start by calling an association meeting and ask for a vote on dissolving the HOA. If approved, have the agreeing members sign the termination agreement. Settle any debts, dispose of assets belonging to the HOA, and file the necessary documentation with the SOS to complete the dissolution.

To purchase a copy of a corporation's Articles of Incorporation, please visit the Illinois Secretary of State Department of Business Services website - - and scroll to the section titled Obtain a Corporation Annual Report or Articles of Incorporation.

Usually, Houillon says, there must be a minimum of three board members, and the number can increase based on the size of the building or HOA and interested parties. Unless a building doesn't have a management company, the specific titles of the individual board members don't matter much.

Most homeowners associations are governed by either the Illinois Condominium Property Act or the Illinois Common Interest Community Association Act. Which law applies to your community depends on whether the homeowners association is a condominium association.

Most homeowners associations are governed by either the Illinois Condominium Property Act or the Illinois Common Interest Community Association Act. Which law applies to your community depends on whether the homeowners association is a condominium association.

Homeowner Rights A board member can be removed for any reason with a 2/3 vote. Term limits for the board of directors must not exceed four years. Association members have the right to attend all board meetings and must be allowed a reasonable time to speak.

You may submit your inquiry to the CCIC Ombudsperson by completing the Inquiry Form, a fillable PDF, and then emailing it to FPR.CCICO@illinois.gov. You may call the CCIC Ombudsperson on its toll free number at 844.856. 5193.

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Illinois Articles of Incorporation of Homeowners Association