Community discusses future of Little Narrows Community Hall
The Little Narrows Community Development Association (LNCDA) called a follow-up meeting on Feb. 27 to discuss the fate of the community’s hall.
On Dec. 18, the LNCDA executive informed the community that Canada Revenue Agency (CRA) had revoked the association’s charitable status effective March 2014 for failing to file its year end returns in 2012 and 2013.
“As long as we kept our status, that would be fine. But, because we lost it, we had to re-apply. When we re-applied to get it, we were applying under the new regulations and we didn’t qualify under the new regulations,” explained LNCDA secretary Brenda Macneil at the Feb. 27 meeting.
Victoria County District # 1 Councillor Paul Macneil sought help from MP Mark Eyking’s office on Dec. 19, but LNCDA President Calvin Macinnis said Eyking’s office was unable to intervene.
One community member inquired why the year end returns were not filed.
LNCDA executive members Georgina Macleod and Johnny Angus Matheson replied that the year-end financials had been audited and signed off on, but the President and Treasurer at the time neglected to submit them. All were encouraged to let the matter rest.
With charitable status revoked, the LNCDA must do one of three things: transfer assets to another qualified charity, sell the assets and donate the money to charity, or send the money to the CRA for payment of tax. LNCDA assets include the Little Narrows Community Hall and the Iona Fire Department substation.
The assets are currently valued at $214,033. LNCDA expects this amount will be greatly reduced once assets have been reassessed.
“We’re between a rock and a hard place,” said Charlene Ellis, a resident of Little Narrows for the past 54 years. “We have to do what we have to do and move forward.”
The meeting concluded with a motion carried to write a letter to the Iona Volunteer Fire Department to inquire whether the LNCDA could convey their assets to the department. The Iona VFD holds status as a charitable organization.