Charges
Where Do Your Charges Go?
ICC Charges
ICC Charges are voted on by the Board of Directors every February after a regular budgeting process, which Board members and staff participate in and provide feedback on. The majority of members pay the same baseline Central Charge, which include fees for mortgages, tax, maintenance, administration, furniture, socialized utilities, internet, and more. Utilities are baked into the central charge paid by all members. The ICC does not take profits, and so every dollar you pay is allocated to keep our houses running, support our members, and work towards achieving our mission and vision.
Escher, King, and Baker have slightly higher charges due to availability of singles, square footage, etc.
House Charges
While ICC Charges are voted on by the Board of Directors, house charges are voted on by the house and give members more financial autonomy. House members decide on which expenses shall be shared and covered by the house that term. If house spending goes over budget, members will be charged an assessment and if spending is under budget, members will receive a rebate. These charges typically include:
- Food and Supplies: Such as ingredients for house meals and staples for personal consumption. Supplies may include toilet paper, plastic wrap, cleaning supplies, and other goods that are consumed relatively quickly.
- Maintenance: Such as paint, lightbulbs, and smaller maintenance items that are not covered by central ICC maintenance.
- Social Events & Education: Such as streamers, decorations, or fliers for house social events, or informational supplies. [No alcohol can be purchased with these funds.]
- Miscellaneous. Such as streaming content (Netflix, Hulu, etc.), periodicals, or other house expenses (like Linder’s chickens).
- Amenities. Members can choose to contribute to their house Amenities Fund as a part of their house charges. In addition to their monthly contribution, these funds are filled through missed work fines set at the house level. To use the House Amenities Fund, a house votes on the purchase with the requirement being it must last more than a couple of years, e.g., kitchen gadget, massage chair, or ballpit.
2024-25 Charges Information
| Monthly Total | ICC Charges & Utilities | House Charges |
|
| (A+B = Total) | (A) | (B) | |
| Black Elk | $889 | $719 | $170 |
| Debs | $852 | $719 | $133 |
| Gregory | $839 | $719 | $120 |
| Johnson-Rivera | $847 | $719 | $128 |
| Linder | $855 | $719 | $136 |
| Luther | $874 | $719 | $155 |
| MichMinnies | $860 | $719 | $141 |
| Nakamura | $864 | $719 | $145 |
| Osterweil | $823 | $719 | $104 |
| Owen | $846 | $719 | $127 |
| Ruths’ | $846 | $719 | $127 |
| Truth | $856 | $719 | $137 |
| Vail | $825 | $719 | $106 |
| Baker |
Small Single: $995 |
Small Single: $851 |
$144 |
| Escher |
Small Single: $989 |
Small Single: $660 |
$329 |
|
King |
$970-$1,370 |
$960-$1,360 |
$10 |
Your Charges
Average house charges, charges typically vary from $99-170 (exceptions are King at $10 and Escher at $329). Includes food budget, amenities, and maintenance funds.
ICC Charges
Expense amounts in each of the categories are in thousands per year.
- Maintenance: Major maintenance projects and renovations (~$689,000) and regular maintenance (~$532,000) such as drywall repair, appliance repair, pest control, painting, electrical, and plumbing services.
- Payroll: Wages and benefits for ICC employees, as well as severance reserves, payroll taxes, and training expenses (~1,255,000). Full-time ICC employees earn between $51,851 and $97,831 depending on position.
- Property: Utilities (~$408,000) and property insurance (~$252,000).
- Overhead: Loan interest, office supplies, office utilities, technology (software & hardware), staff parking, organizational dues, audit expenses, etc.
- Scholarships: Leadership scholarships for CoCo members, DART chairs, and Member Assistance Coordinator, funding for MLK scholarships (subsidizes MLK endowment).
- Committee Activities: Includes merch, alumni events, trainings, ICC events (Fall and Winter Annual Meetings, New Member Orientation, Co-Op Month, etc.), scholarships for interim managers, member resources (guff condoms, covid tests, KN95 masks, etc.), NASCO scholarships.
- Reserves: Funds set aside for emergencies and major maintenance.
Payments
How Do I Pay My Charges?
You can pay your charges by going to the Pay Charges button at the upper right-hand of the website. If you need account help contact info@icc.coop
You can pay through Automated Clearing House (ACH) i.e. bank transfer or through credit card. If you pay through credit card there is a 3% fee.
PayPal is accepted for international member’s initial share and fee payments. If you use PayPal for monthly charge payments, there will be a fee associated. Contact the Finance Department for more information on how to avoid monthly PayPal fees.
- Go to www.paypal.com
- Sign up for an account for your country of residence
- Either link PayPal to your credit card, or otherwise transfer the funds needed to PayPal
- Send the amount owed to paypal@icc.coop listing your name and house in the message
- example: Clark Kent, Osterweil House
- To confirm the correct delivery to paypal@icc.coop
- First Name: Inter-Cooperative
- Last Name: Council
- Country: United States of America
When Do I Pay My Charges?
Charges are always due on the 1st of the month, and $15 late fines are assessed on the 6th if their account balance is over $50. If a member owes more than $50 to the ICC by the 15th of the month they may have eviction proceedings brought against them, unless they have an approved payment plan.
Payment Plans
Payment plans are designed to assist members who experience a temporary financial disruption to continue paying charges and secure their housing. Payment plans do not release you from any charges, they can only facilitate a temporary, alternative payment schedule.
Members are encouraged to apply before accruing debt if they are expecting a disruption. If a member does not pay by the 15th and does not file a payment plan, the ICC will begin eviction procedures. If the eviction proceeds to legal action, any associated costs will be assessed to the member. Eviction procedures can be stopped by being approved for a payment plan (Standing Rule 15.8.5).
Payment plans cannot last longer than 8 weeks (but they can be shorter), and payment plans are never allowed to cross between contract periods (e.g. a payment plan submitted on July 20th would need to end by August 18th, 2023, the final day of the Spring/Summer contract period, even though this would mean the payment plan would last less than 8 weeks.
By the end of the 4th week of the payment plan, the member must pay at least 50% of their debt (existing balance + ICC and house charges that will be posted for the payment plan duration + any pet fees, fall term fees, or house fines posted for the payment plan duration). At the end of a payment plan the member’s balance must be paid down to $0, including all charges applied during the payment plan (Standing Rule 15.8.4).
The member will receive a credit for any late fines accrued during the payment plan if they successfully complete the payment plan. Any late fines posted before the member applies will not be credited and must be included in the payment plan.
If a member misses a payment by more than three business days they will be fined $20 and the ICC will begin eviction procedures (Standing Rule 15.8.6). If a member’s situation changes after being approved for a payment plan and anticipates difficulty complying with their plan, they should reach out to the VP of Finance at vp.finance@icc.coop as soon as possible.
An example payment plan and the required payments are listed below:
I owe $50 on October 31st. On November 1st I am charged $850 in ICC and house charges. Because my balance is higher than $50, I am charged a late fee on November 6th. I fail to make any payments after the late fee and because my balance is still higher than $50 on November 15th, I receive a tier one notice to quit (essentially serves as a warning before the eviction procedure begins). On November 17th, I submit a payment plan – 8 weeks after November 17th is January 12th, so my payment plan will end on January 12th. My total debt to pay by the end of my payment plan is $2,600 ($900 starting balance + $850 December charges + $850 January charges). I must pay 50% ($1,300) by December 15th to meet the 4 week deadline.
Fees and Fines
New members do not pay deposits, but they do have to pay certain fees. Some of these are refundable, and some of them are not. These fees function under a different set of laws than most rental deposits. New members pay a one-time, non-refundable membership fee of $100.
Shares
New members join the ICC by buying “shares” in the organization. This means members are co-owners, and paying for shares is how that happens. Each ICC share has a value of $10. Each contract type requires a different share amount:
- Fall/Winter members must buy 50 shares for $500
- Spring/Summer rooming and Non-Standard members must buy 25 shares for $250
- Boarding-only members must buy 5 shares for $50
- OpsCom approved Non-Standard members must buy 5 shares for $50
- This is the only type of share that is Non-Refundable
These shares are refundable and are returned twice a year based on the end of the contract period with the ICC, not the date you leave, or necessarily the end of your contract. Fall/Winter shares are returned by the end of the following October and Spring/Summer shares are returned by the end of the following March. Please keep in mind we are a cooperative and delays may occur due to labor shortages and staffing changes.
