Understanding NAP Tax Credits Make Your Donation Even More Valuable! Tax Credits make donating to 501c3 organizations, like Mapleton-Fall Creek Development Corporation, even more attractive because not only does the money go towards a Neighborhood Assistance Program good cause, it actually puts money back into the donor’s pocket! How does it work? Any donor contributing over $100 will receive a credit for Tax Credits 50% of their donation when filing their Indiana State tax return. The contributions can also be used as a deduction Helping Families, on their Federal tax return. Improving Quality of Life What does that mean in a real-life scenario? Let’s take a look at an example using a $1,000 donation: Your Contribution ($1,000) Your Savings on Indiana State Taxes $500 Your Savings on Federal Income Tax Deduction $150 (*dependent upon tax bracket) --------------------------------------------------------- ---------- The 20/21 Plan Total Cost of Contribution ($350) In this example, a donor has put $1,000 to work in the neighborhood for only $350! Tax Credits are much more than a deduction… it comes right off the top of the The Mapleton-Fall Creek Development Corporation has donors’ State income tax liability. developed a comprehensive community revitalization and redevelopment plan called the 20/21 Vision Plan. Act now! MFCDC is just one of a select few not-for-profit 20/21’s focus is to improve the quality of life in organizations in Indianapolis awarded Tax Credits. You can Mapleton-Fall Creek’s toughest areas (see inset map). make your donation work harder here than almost The focus area suffers from 50% vacancy (healthy anywhere else! Donate now and help improve the quality neighborhoods are in the 5% range) which makes the of life for families’ in the Mapleton-Fall Creek area prone to unsafe and unhealthy conditions leaving neighborhood. families to face high crime rates and vacant properties that are dilapidated and structurally unsafe for kids to MFCDC has $15,864 in Tax Credits to sell! They will be sold play nearby that inevitably harbor drug dealers, prostitutes, vagrants, and rodents. MFCDC is on a first-come, first-serve basis, and will be going fast! transforming these abandoned homes by purchasing Mapleton-Fall Creek YOU are eligible for Tax Credits… and it’s easy! them with Neighborhood Stabilization Program (NSP) Development Corporation Any person, business, or corporation that has an Indiana funds and renovating, demolishing, and developing in- tax liability is eligible to receive Tax Credits. Credits are fill housing to replace these problem properties with claimed for the year in which the donation is made. The active and vibrant homes that are safe and affordable Indiana Department of Revenue will mail confirmation of for families to live and raise their families. Phone: 317/923-5514 the tax credits to the donors, which can be attached to Web site: www.mfcdc.org their tax returns. To get started contact MFCDC to request a NAP Tax Credit form. Staff will assist you in filling it out and send it to the Department of Revenue for you. We Need Your Support The Blue Double NAP Tax Credit Sign-up Form By donating to MFCDC’s NAP Tax Credit Program, Reinventing a Hazard Yes, I want to donate to MFCDC and receive NAP Tax Credits! you will: The infamous Blue Double. This property was purchased Advocate ($100) years ago by the corporation to add to its rental Help a family achieve their dream of properties. However, the structure was never restored to Friend ($250) homeownership a useful state and has now become a burden and danger Patron ($500) on the 2900 block of Park. Rather than demolishing the Rehab a home to the City’s Green Benefactor ($1,000) Blue Double, MFCDC will renovate the property for sale Standards and make a home highly energy to a low- to moderate-income family. Your NAP Tax Other (Please specify: $_________________) efficient, healthy, and sustainable Credit donation will go to renovating and reinventing this property into a safe and affordable single family home. Contact me about contributing through stock Transform a block into a safe and affordable place to live and raise a family Name Give a family’s children a safe place to Address play, learn, and grow Help existing residents get a good neighbor Phone Help neighbors connect to one another E-mail Method of Payment Check (Please make payable to MFCDC) Cash MasterCard / Visa Pledge / Bill Me __ 2009 Tax Yr __ 2010 Tax Yr Your Contribution Helps Strengthen Our Neighborhood Credit Card No. MFCDC has developed a comprehensive community revitalization and redevelopment plan called the 20/21 Vision Plan. The Blue Double and 10 other homes on the Signature 2900 block of Park Ave are part of this plan. 20/21 addresses improving the quality of life on this blighted Please return form to: block by removing vacant buildings from the area and replacing them with renovated homes, new homes, Mapleton-Fall Creek rental homes, and expanded park areas. Your Development Corporation 130 East 30th Street contribution helps MFCDC transform an entire block! Indianapolis, IN 46205 Make a Donation, Receive Tax Credits Fax: 317/923-2139 Help a family find a safe and affordable place to call home. MFCDC has $15,842 in Indiana Neighborhood Assistance Questions? Contact Doressa, Administrator Program (NAP) Tax Credits. Hurry – tax credits will be at 317/923-5514 or email@example.com sold on a first-come, first-serve basis, and will be going fast!
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