Join our email list for updates on Nonprofit Center trends, trainings and resources.

Join Our Newsletter | 

With multiple partners, it’s important to determine who will be the primary owner of the building and what form that legal partnership will take.

United States

Sole Ownership

  • Most control and risk for the owner
  • Can be an existing organization or a new entity
  • Typically governed by a board of directors
  • Loans for the building are available based on the owner’s creditworthiness

The Nonprofit Center, Third Sector New England, Boston

Community Nonprofit Ownership

  • Nonprofits jointly create a new entity to own a building they jointly select
  • Governed by a nonprofit board of directors
  • Best fir creating a community asset
  • Loans based on guarantees and value of collateral
  • No equity interest for individual partners

Children & Family Services Center, Charlotte, NC

Limited Liability Corporation

  • Good for Cooperative ownership
  • Governed by an operating agreement
  • Member or manager-controlled management options
  • Owners can sell interest
  • Ownership interest need not correspond to occupancy
  • Can include outside investors
  • Loans based on guarantees and value of collateral.

Ninth Street Independent Film Center, San Francisco, CA

Condominium Ownership

  • Each organization owns their unit
  • Requires creation and operation of a condo association
  • Enforcement of policies through bylaws, condo declaration, and deed covenants
  • Each organization acquires their own financing

Tides Thoreau Center NY, Tides, New York, NY
Youth Opportunity Center, Nashville, TN


Nonprofit Centers Network

1536 Wynkoop Street, Suite 103
Denver, CO 80202

The Nonprofit Centers Network is an Initiative of

Copyright The Nonprofit Centers Network 2016-2021. All rights reserved.

Privacy Policy | Site Requirements | HTML Sitemap | XML Sitemap