Next Free Financial Capability Course in Spanish & English Starts on Tuesday, March 31st, from 6:30 to 9:30 PM

The next FREE Financial Capability course will be held at NOAH over three nights, on Tuesday, March 31, Wednesday, April 1 and Thursday, April 2. Our comprehensive bilingual (Spanish and English) financial capability programming teaches students to set realistic financial goals, maximize their income, save money, amass assets, make intentional spending decisions, borrow appropriately and adequately protect assets and wealth. Upon completion of our financial capability seminar, students are invited to participate in our no-cost financial coaching programming, which helps ensure that after our students learn these skills, they have the necessary support and resources to put them into action. These free financial capability services are provided by a certified financial counselor, a consumer banking officer, and a licensed financial adviser. Participants in the course will gain skills and knowledge that will help them improve their credit scores, increase net worth, and increase/maximize net monthly income. We invite you to register today. To register, please contact Carrie Tennant, Esq. at 617-418-8264 or ctennant@noahcdc.org. Everyone is welcome!

FREE VITA Tax Preparation - It's Nearly April 15th!

Fast, FREE and easy tax preparation!

Boston Tax Help Coalition offers free assistance
If you worked in 2014 and earned less than $53,000.

Free electronic filing by IRS certified volunteer tax preparers!

Mondays & Wednesdays, 5-9 PM & Saturdays, 10 AM-3 PM.
Call 617-418-8266 to make an appointment.

 

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 newly promulgated 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

 

'Thank You' to Schoolyard Summer Program Donors!

We want to shout out a big THANK YOU to our generous O'Donnell Schoolyard Summer Program donors and volunteers. The children had a wonderful summer, thanks to you! Each day saw between 60 to 80 children participating in programs ranging from arts and crafts to sports and gardening. Five children at the Program learned to ride a bicycle for the very first time this summer. The Main Program Sponsor was the East Boston Foundation. Other sponsors included: Booster Sponsor Spinellis Ravioli; Supporter Sponsors the Kiwanis Club of East Boston, Century 21 Mario Real Estate, the East Boston CDC, Jean Staropoli and the East Boston Savings Bank; Good Neighbor Sponsors Kelly Square Pub, Danilchuk Auto Body, East Boston Main Streets and Martha Anderson; and Friend Sponsor: Michael Fiore. On behalf of all the children, we are very grateful!

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