Harmony Habitat Profile
Harmony Habitat has registered as a Community Contribution Company (C3 Inc) and adapted our articles to a 100% non-profit mandate. Any profits generated by the organization will be directed back to our purpose.
The standard C3 legal framework,recently created by the Province of British Columbia, was created out of a need to enable an alliance of private and not-for-profit interests for public benefit. The C3 includes “asset locks”, profit limits and public reporting requirements. It is intended to allow social enterprise to receive investment with the assurance to the social investor that at least 60% of any profit or asset generated will be used for community benefit. In Harmony Habitat’s case, this has been altered to 100%. See below for more.
For more information about a conventional Community Contribution Company please see this website.
Alteration to 100% Non-Profit C3
The following definition was added to Article 1.1:
“Zero Net Profit Mandate” means that any profits of the Company shall be used to advance its community purposes as set out in Part 21 of the Company articles [below], and the directors shall not declare any dividends.”
Furthermore, article 16.1, regarding payment of dividends to shareholders, is repealed and replaced as follows:
“Declaration of dividends”
16.1 In accordance with the Company’s Zero Net Profit Mandate and section 51.94(2) of the Business Corporation Act, the directors shall not declare any dividends in relation to shares of the Company.”
C3 Registered Community Purpose Activities
Harmony Habitat’s primary purposes include the provision of environmental, health and social services to the public, by:
- broadening affordable access to sustainable building solutions and attainable approaches to long-term tenure and home/land ownership
- developing and modelling tools for change in building, sustainable land use and not for profit, public interest organizational structure
- developing, modelling, promoting and selling sustainable building and renewable energy technologies/methods that aspire to the most rigorous health and environmental standards
- standardizing complete building solutions that are replicable and customizable, along with pathways to their permitting, financing, and other required approvals as possible
- modeling and promoting low-impact quality lifestyles including resilient approaches to shelter, water, waste management, food security and collaboration
Harmony Habitat Registration Numbers:
An Eco Healthy Homes Cooperative
Inspired by scholars in fields related to local money and an economics of happiness, Harmony Habitat’s unique non-profit C3 structure enables our current goals. Our big picture, long term plan is to form a multi-stakeholder cooperative that can provide mutual benefit to all eco-preneurs and other stakeholders that will help deliver Eco Healthy Homes solutions to our communities.
Community or locally-owned cooperatives are more likely to impact their local area positively than publicly traded, shareholder-owned conventional corporations are. Cooperatives are usually run by the people who live in their home communities and so they are inherently in relationship with, and interdependent with, their local community and environment. As such, they tend to self-organize around decisions that support the principles of equality and justice.
As community economics special Marjorie Kelly (Owning our Future) argues, “ownership design is at the root of company behaviour and ownership is the root issue of our economic and global crisis”. She also believes that if we want humans to be here into the distant future, we can’t organize our economy in support of profit for absentee corporate owners. Instead, we need to organize it around democratic and ecological economics that serve employee, family, customer, and community well being.
In Phase 3 we plan to enlist experts in community economics to help with a feasibility study to consider the specific opportunities for forming a cooperative the structure in Phase 4. This structure will enable regional branches to form, adapting our solutions and process to suit their communities needs.