Neighborhood Assistance Program Tax Credits by by654321


									 Understanding NAP
Tax Credits Make Your Donation Even More
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

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:
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
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
        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
                                                       sold on a first-come, first-serve basis, and will be going

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