How must a community association be organized according to Florida Statutes?

A community association must be organized as a not-for-profit organization according to Florida Statutes. This legal structure is essential because it allows the association to operate primarily for the benefit of its members rather than to generate profit for shareholders. Not-for-profit organizations can collect dues and fees from their members to cover operating expenses, maintain common areas, and provide services that uphold the community's value and quality of life.

Operating as a not-for-profit entity also offers legal protections and can simplify certain organizational processes, including governance and taxation. This means that community associations are subject to specific regulations that help ensure transparency and accountability to their members, promoting good management practices within the community.

Other options such as being a for-profit organization, a government entity, or a cooperative do not align with the statutory requirements for community associations as defined by Florida law. These structures have different legal implications and operational goals that do not reflect the purpose and necessary governance of a community association.