2014 Neighborhood Assistance Program (NAP) Pre-Award Training Presentation

What is NAP?

• NAP is a program of the State of Indiana in which tax credits are distributed to eligible non profits for sale as a fundraising and capacity building tool.

• NAP is created by Indiana Code 6-3.1-9, and is jointly administered by IHCDA and the Indiana Department of Revenue.

• NAP receives $2.5 million in tax credits annually, to be distributed to eligible non-profits.

• NAP Credits are redeemable at a 50% rate. (So a donation of $100 buys a tax credit worth $50.)

Non Profit Organization

• Applies via IHCDAOnline.com

• Submits Reports to IHCDA.

• Sells credits to donors.

• Uses NAP funds to provide services to economically disadvantaged individuals.

Indiana Housing and Community Development

Authority

• Determines conditions of eligibility.

• Distributes credits to eligible non-profit organizations.

• Provides support and assistance in credit sale and reporting.

• Collects donor reports from non-profit organizations.

• Compiles donor reports and submits to DOR.

Donor• Purchases credits from the non-

profit organization.

• Provides necessary information to the non-profit– Name– Address– Tax ID

• Social Security Number• Federal Employer ID Number

• Claims credits on Indiana tax return.

Indiana Department of Revenue

• Verifies donor eligibility by comparing tax returns to donor reports.

• Grants tax credits to donors.

Eligibility

To participate in NAP, organizations must:• be an Indiana Non-profit Domestic Corporation in good

standing with the Indiana Secretary of State.• have received a ruling from the IRS or the US Department of

the Treasury under IRS code 501(c)3 OR have a ruling of tax exemption from the Indiana Department of Revenue.

• be engaged in one of the five eligible activity categories (outlined below)

• serve an economically disadvantaged community or individuals

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Eligibility

To participate in NAP, organizations also must:

• Have successfully completed the 2013 NAP cycle (if applicable)

• Have a representative on staff who has completed a NAP pre-award training webinar/presentation.

Eligible Activity Categories

• Community Services– Counseling and Advice,– Medical Care– Recreational Facilities– Housing Facilities– Economic Development

Assistance

• Crime Prevention

• Education

• Job Training

• Neighborhood Assistance

Funding Restrictions

New NAP Participants(who have not participated in NAP for 3+ years)

Maximum of $15,000.

Previous NAP Participants

Maximum of $40,000

All organizations must apply for a minimum of $1,000.

Awards will be announced via email, and the IHCDA NAP website on June 27, 2014.

Program Timeline

Total Project Timeline: 24 Months(July 1, 2014- June 30 2016)

60% of credits must be sold by January 9, 2015

100% of credits must be sold by June 5, 2015

Funds raised must be expended by June 24, 2016

NAP Reporting

• Mid-Year Report: due January 9, 2015• End-of-Year Report: due June 5, 2015

(if applicable)• Close-out report due June 24, 2016

*Electronic reports can be submitted via www.ihcdaonline.com

Applications can be submitted at http://www.ihcdaonline.com

Applications will be accepted fromMarch 10 to April 11, 2014

Thank you for reviewing the 2014 NAP Pre-Award Webinar.

To receive certification for this training, please visit:

https://www.surveymonkey.com/s/2014NAPWebinar

For NAP questions and concerns please contact:

NAP CoordinatorEvan R. Shearin,Community Services Analyst

317-232-0912

eshearin@ihcda.in.gov