Question
So, I live in a house that is looking to get registered as a non-profit organization.
The house itself is a registered entity and accumulates about 7K a month in bills and expenses.
I am looking to convert those 7K a month charges into miles by paying for them through a UA visa. But, in doing so, I believe that I would have to stop having normal bills sent to me and have everything electronic.
My question is this. Can I order a second card for a "member of the house" and have that called "XX House Association?" Would this second card generate it's own billing statement which would be able to get submitted for reimbursement purposes?! Or would all the charges fall under the main card holders statements?
Answer
If the card is a second card on an existing account, all charges will be the responsability of the main accountholder and will, in most consumer cards, be included in the general card statement.
Have you thought about a business card? Many banks offer small business cards and non-profits can qualify. Since it is a new "business" you would probably be approved on your personal credit rather than that of the non-profit. Each member of the business could then get a card and would receive separate statements and generally quarterly and year-end statements separated by cardholder and category spend. However, under a personal guarantee all charges would be the responsability of the main cardholder.
Citi offers a Citi AAdvantage Sm Business Card. Don't know of one affiliated with UA but there prolly is one.
You will have to prove the status of the business/non-profit.
Just curious - how do you get a home registered as a non-profit and why?
Answer
Just curious - how do you get a home registered as a non-profit and why?
The house I live in is huge, 4 stories with 21 rooms. Due to legal reasons, the city of San Francisco requires it be registered as an apartment complex, forced a fire escape and numbering of all the rooms for fire purposes.
Right now, for tax purposes, the house is considered a business I think. We are looking on converting it to a non-profit to cut down on taxes paid and other dues to the city.
It is real interesting because the deed for the house is owned by the people who reside and get voted into managerial positions. We are setting up a committee with 3 permanent people on the deed and 3 transient people for legal purposes.
So, we can decide whatever we want to do with the house. It has had positive cash flow for the last 20 or so years from what I read in the books. A couple of dental students decided to buy it for $25 back in 1898 and through the years it has served as a place for people who want to go to UCSF to live at, but there is no association with the campus.
Pretty much, for the last 100+ years, the house has relied on the people living in it to maintain it and make decisions to keep it going.
Since we have no mortgage payments, our monthly expenses are almost nothing. We pay $500 a month for utilities, property tax, a personal chef, direct tv in all the rooms. We made a room into a pool room with surround sound. We bought a 63" TV and made a TV room with surround sound. And we have maids come and clean the house on weekends.
:D
So, if we lower our overhead for the house, that means that we can get a bigger and better christmas gift this year! And why not rack up miles for the $8K we spend a month!?
Sounds interesting no?
Answer
Have you thought about a business card? Many banks offer small business cards and non-profits can qualify. Citi offers a Citi AAdvantage Sm Business Card. Don't know of one affiliated with UA but there prolly is one.
Yes, there is one. I've had a United business Visa for a couple of years.