Your business can help Cornerstone and get a significant tax credit at the same time!
Cornerstone recently had an HVAC renovation project approved by Connecticut’s State Department of Revenue Service Neighborhood Assistance Act (NAA). The NAA is a tax credit program designed to provide funding for Non-Profits by providing a corporation business tax credit for businesses who make cash contributions to a  project. We were able to access this program after assistance from the Town of Vernon whose Town Council voted to approve our project and sent it through to the State of Connecticut.
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Our project calls for the replacement of  old and poorly operating HVAC systems at the New Hope House shelter, the Community Center and a staff apartment over the Community Kitchen. All of these systems are far beyond their life expectancy and virtually non operational in some cases. The total cost of the project is $40,864 of which $36,484 is NAA eligible. We desperately need to get this work done to provide a safe and comfortable environment for those who depend on our services.
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Basically, if a business pledges to make a donation towards the cost of the project, they are eligible for a 100%  tax credit. A minimum donation of $250 must be made towards the project to be eligible for a credit towards Chapters 207, 208, 208, 210, 211, and 212 taxes. For complete information on this program please go to https://portal.ct.gov/drs/credit-programs/neighborhood-assistance/neighborhood-assistance-act-tax-credit-program .
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If you are a local business owner who would like to make a pledge towards this project, please go to the website and fill out Form NAA-02  to help and  get a tax break as well. The form is available from September 15 through October 1.
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Please feel free to reach out to me at 860-858-6362 or sharon.redfern@cornerstone-cares.org if you have any questions. Your donation could mean a huge  difference in the lives of our struggling neighbors who come to Cornerstone for help.
Sharon Redfern
Executive Director
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