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A cooperative is a group of people working together in a joint economic activity that is owned and operated by it's members for their mutual benefit. In a housing cooperative (or co-op), a housing development is jointly operated by it's members. They own membership certificates in the corporation, giving them the right to occupy a dwelling unit and participate in the operations of the corporation. The cooperative housing corporation owns the total property. A not-for-profit corporation.
A cooperative is a business controlled by the people who use it. it is a democratic organization whose earnings and assets belong to it's members. By patronizing and becoming an active member of the co-op, you invest yourself with the power to shape that business. You control the politics and economics of what is truly your organization