In this section, “community association” means: a nonprofit association, corporation, or other organization that is: composed of residents of a community within which a nuisance is located; operated exclusively for the promotion of social welfare and general neighborhood improvement and enhancement; and exempt from taxation under § 501(c)(3) or (4) of the Internal Revenue Code; or a nonprofit association, corporation, or other organization that is: composed of residents of a contiguous community that is defined by specific geographic boundaries, within which a nuisance is located; operated for the promotion of the welfare, improvement, and enhancement of that community; and in good standing with the State Department of Assessments and Taxation. If a community association and an applicant for the issuance or renewal of an alcoholic beverages license have entered into a memorandum of understanding that expressly acknowledges the authority of the Board under this article, the Board may make the issuance or renewal of the license conditional on the substantial compliance of the applicant with the memorandum of understanding. The existence of a memorandum of understanding does not affect any requirement of any individuals to file a protest under § 4–406 of this article or a complaint under § 4–603 of this article.