Holiday Closure

NOAH will be closed all day on Friday, July 3, 2015, to celebrate Independence Day.

June 6-14 was NeighborWorks Week!

On June 6, NeighborWorks America and its network of local organizations kicked off the 32nd annual NeighborWorks Week, a weeklong celebration!  During the week over 70 organizations nationwide celebrated their communities by hosting all types of community development events, including rehabbing and repairing homes, beautifying parks, conducting neighborhood tours, recognizing successful partnerships, and hosting events that educate and train others.  One of NOAH's NeighborWorks Week events was its three-night Financial Capability Class, with 30 graduates (seen in the photo).  We also held a garden-building event and hosted a neighborhood 'green' tour.  Kudos and many thanks to our great volunteers, funders, stakeholders and staff, who make these events and all our programming possible!

O'Donnell Schoolyard Summer Program & Youth Soccer

This year's bilingual O'Donnell Schoolyard Summer Program in East Boston is now accepting registrations! The dates are from July 6th to August 20th, Monday through Friday, 9 AM to 2 PM, with breakfast and lunch included. All East Boston children ages 6 through 12 are eligible. Arts and crafts, games, sports and more! Staff members speak both English and Spanish.

The bilingual East Boston Community Soccer/Futbol Program is also accepting registrations for the children and youth Community Soccer Program. The program is open to all East Boston children and teens. This year, we are adding an all-girls team for young women ages 12 to 18. The Program will run from July through August on Wednesdays, Thursdays and Fridays from 3:30 to 6 PM, at the American Legion Field on Condor Street.

Please call 617-418-8242 or 617-418-8248 for more information.

CITC: Community Investment Tax Credits!

NOAH is looking for donors who'd like to more-than-double the impact of their donation dollars! We are one of the Massachusetts CDCs (Community Development Corporations) who have received Community Investment Tax Credits for 2015, and we still have some 2014 credits remaining.

HOW DOES IT WORK?  It's easy! Speak to us about making a cash donation of over $1,000 (but less than $150,000 in 2015) for a 50% state tax credit. Please click here to send us an email for more information. Please click here to see more about CITCs in our brochure. Click here to see a video featuring the Governor and others explaining how CITC works. Or, click here to give right now!

WHO CAN GIVE?  Anyone in the state - individuals or corporations, including both not-for-profit and non-profit organizations - can speak to us about donating over $1,000 to NOAH and receiving a 50% tax credit to use on that year's Mass. state tax return. Even if donors don't have any tax liability, or if they live out of state, they can utilize this program and receive a refund in the amount of the credit. Banks can utilize the CITCs for CRA donations.

WHEN?  Now! The CITC program has already begun. You can check out the CITC regulations at http://www.mass.gov/dor/businesses/help-and-resources/legal-library/regulations/62-00-income-tax/830-cmr-62-6m-1.html. But, we should mention that the credits are available on a 'first-come, first-serve' basis.

WHY? Depending on your tax bracket, your $325 net donation can work like a $1,000 donation to help NOAH offer free or very low cost programming to seniors, disabled individuals, families, and children in need. Each year, we assist over 1,600 individuals in our affordable housing programming, and hundreds more in our children's, youth, ESOL and US Citzenship initiatives.  Our services are either free or at a low-cost. The state program is designed to encourage private contributions that help non-profit Community Development Corporations achieve essential community goals.

EXAMPLE: Here is a 2015 annual tax savings CITC example. 

NB: Illustration at 35% tax bracket. Situations vary. Please consult your tax advisor.
 

Minimum Donation   High Donation
$1,000   $110,000
  Mass. State Tax Credit  
$500   $55,000
  Federal Tax Deduction
(if at 35%)
 
$175   $19,250
  Total Tax Savings

 

$675   $74,250
  Final Out-of-Pocket Donation  
$325   $35,750

 

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