Ocean Pines Association, Inc. v. Comr., 672 F.3d 284 (4th Cir. 2012)

(petitioner, homeowner’s association, had earned income from beach club and parking lot rentals; such income subject to unrelated business taxable income; beach club and parking lot not open to public and, as such, were not related to promotion of community welfare (petitioner’s tax-exempt purpose)).