"Nonprofit housing organization" means a not-for-profit corporation registered as such with the secretary of state for the state of Washington which has been determined by the Internal Revenue Service as meeting the section 501(c)(3) requirements of the Internal Revenue Code and which is not controlled by a for-profit entity and which has a demonstrated record of housing development experience. (Added by Amended Ord. 02-064, Dec. 9, 2002, Eff date Feb. 1, 2003).