You can claim 25% of your donation as a state income tax credit (which is separate from federal and state deductions) if:
You are a Colorado taxpayer
You give $250 or more per year in monetary contributions and/or
You give $5,000 or more per year in in-kind contributions
You file your taxes electronically
Increase Your Impact
House of Neighborly Service is a participating nonprofit organization in Colorado’s Homelessness Contribution Tax Credit (HCTC).
The Following FAQs help explain the HCTC program. We recommend talking with a tax professional about how this program will impact your individual taxes. We also welcome any questions about how it may impact your giving.
Why would I choose to enroll my HNS donation?
The benefit of this program is that your annual donations of $250 – $100,000 to House of Neighborly Service (HNS) can now qualify you for a 25% State of Colorado tax credit. An additional benefit is that you can leverage this tax credit to increase your annual gift to HNS by 25%.
What is the Colorado Homelessness Contribution Tax Credit (HCTC)?
Created by Colorado House Bill 2022 – 1083, the Colorado Homeless Contribution Income Tax Credit provides a tax credit to Colorado taxpayers who contribute to eligible homelessness-related projects within Colorado. Any Colorado taxpayer can support a Homeless Contribution Income Tax Credit project located anywhere in the State of Colorado. Once enrolled, 25% of the donation (monetary or assessed value of in-kind) is eligible as a state income tax credit if contributed to a qualified project located in a non-rural community. For further information, visit: https://doh.colorado.gov/hctc
For further information, please review the HCTC Taxpayer Handbook.
What donations to HNS will qualify for HCTC?
Qualifying donations include monetary gifts of $250 – $100,000, as well as in-kind donations assessed at over $5,000 (ex. property), given over the course of one tax year. Based on HNS’s initial HCTC enrollment date, eligible donations to HNS for the 2024 tax year. *Donor-advised funds do not qualify. Additionally, the donor must pay taxes in Colorado, and must not have received goods or services for the donations (ex. sponsorship).
Does my donation through HNS’s Colorado Gives Day website qualify?
Most certainly! The State of Colorado recently approved some intermediary websites, including www.coloradogives.org, to process donations that qualify for HCTC.
How do I apply for HCTC?
House of Neighborly Service (HNS) will apply on behalf of the donor. However, please note that this requires the donor to disclose the last four numbers of their Social Security Number (SSN), Individual Taxpayer Identification Number (ITIN), or Employer Identification Number (EIN) to us. If you choose to have us apply on your behalf, please complete the Homeless Contribution Tax Credit Required Document and return it to:
- Mail: House of Neighborly Service | Attn: Finance | 1511 E. 11th Street | Suite 100 | Loveland, CO 80537
- Email: Heidi at hhronek@honservice.org
- OR Self-enroll your donation via the HCTC Salesforce Platform and select “House of Neighborly Service.”
When will I receive my certificate?
HNS will process all requests for HCTC donations by February following the tax year. Once your contribution has been approved by the State, you will receive a email with your certificate through the state’s secure portal.
