Mike Russo Civic Association- Should it be tax exempt?

This year the Russo Civic Association got a face lift (or a face off) and a new name, The Michael Russo Civic Association. Their website which appears a bit outdated  http://www.russocivic.com/ states:

"The Russo Civic Association has touched thousands of lives and has proved the most enduring Social and Recreational non-profit organization in the City, providing opportunities 12 months a year with an entirely volunteer base and self-raised budget. The Civic Association receives no government or foundation funds and relies entirely on the community and member donations. Membership in the Civic Association costs $60.00 a year for a family. All activities provided by the Civic Association are FREE."

Here are some recent photos of the organization's HQ at 420 Adams Street:

Michael Russo Civic Association at 420 Adams Street

New featuring Michael Russo installed this year.

Question: Even though this is a volunteer organization that has provided support to the community for 30years, should this organization be tax exempt given that it has been used as a political office for many campaigns over the years? Now I am not saying it is declared as tax exempt entity but if it was, would this create a problem by blurring a volunteer organization with a political one?

A look up of the tax records on the property indicate that the property changed hands about two years ago from Hoboken Wave LLC to Nicola and Julie Fuccilli of Waldwick, NJ. My information has it that plans are possible for a knockdown of the property and a rebuild. At some point in the future this would likely go before the zoning board. If this is true I wonder if such plans would put an end to the association that has "has touched thousands of lives and has proved the most enduring Social and Recreational non-profit organization in the City" (according to their website).

Here are the owners via the NJ tax database:

The current assessed value is $220,000 and it is no longer owned by the Russos or their LLC Hoboken Wave:

2009-2010 FUCCILLI, NICOLA AND JULIE
46 EVERGREEN STREET
WALDWICK, NJ 07463

2007- 2008 HOBOKEN WAVE, LLC
420 ADAMS STREET
HOBOKEN, N J 07030

Hoboken Wave? Neat name for an LLC don't you think. ◦

Mike Russo Civic Association- Should it be tax exempt?