EIN 14-1736403

Troy Local Development Corporation

Name: Troy Local Development Corporation financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

Programs|Personnel|Financials|Form 990s|Peers

IRS 501(c) type

501(c)(3)

Num. employees

City

Troy

State

New York

Year formed

1987

Most recent tax filings

2023-12-01

NTEE code, primary

S31: Urban, Community Economic Development

Description

Troy Local Development Corporation was established for the purposes of constructing, acquiring, rehabilitating, and improving buildings or sites in the City of Troy, and to assist financially in the construction, acquisition, rehabilitation, and improvement. TLDC's programs include grant-making to approved applicants for real property improvements, low-interest rate advances to accomplish similar improvement purposes, and rental of owned property for the enrichment of the community. It is located in Troy, NY.

Total revenues

$403,838

2023

Total expenses

$319,362

2023

Total assets

$3,735,790

2023

Num. employees

2023

Program areas at Troy Local Development Corporation

Programs undertaken by the Troy Local Development Corporation (tldc) include: grant-making to approved applicants for real property improvements, low-interest rate advances to accomplish similar improvement purposes, and rental of owned property for the enhancement of regionally-targeted economic growth and Development.

Personnel at Troy Local Development Corporation

Name	Title	Compensation	Date of data
Dylan Turek	Executive Director	$7,500	2024-05-13
Andrew Ross	Vice Chairman	$0	2023-12-31
Jeff Betts	Chairman	$0	2023-12-31

Financials for Troy Local Development Corporation

Revenues	FYE 12/2023	FYE 12/2022	% Change
Total grants, contributions, etc.	$135,830	$0	999%
Program services	$91,946	$73,948	24.3%
Investment income and dividends	$50,993	$48,280	5.6%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$-26,418	$0	-999%
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$151,487	$168,510	-10.1%
Total revenues	$403,838	$290,738	38.9%

Form 990s for Troy Local Development Corporation

Fiscal year ending	Date received by IRS	Form	PDF link
2023-12	2024-05-13	990	View PDF
2022-12	2023-05-15	990	View PDF
2021-12	2022-07-06	990	View PDF
2020-12	2021-05-24	990	View PDF
2019-12	2020-10-16	990	View PDF
...and 7 more Form 990s

Organizations like Troy Local Development Corporation

Organization	Type	Location	Revenue
HCPI Development Fund Central Baltimore Future Fund	501(c)(3)	Baltimore, MD	$176,805
Long Beach Center for Economic Inclusion	501(c)(3)	Long Beach, CA	$1,407,069
Keyport Bid	501(c)(3)	Keyport, NJ	$182,832
Bayview Community Development Corp	501(c)(3)	Chula Vista, CA	$452,340
Marshall-Saline Development Corporation	501(c)(3)	Marshall, MO	$359,185
Platteville Business Incubator	501(c)(3)	Platteville, WI	$227,752
Local Development Corporation of The Town of Union	501(c)(3)	Endwell, NY	$1,437,870
New Season Community Development Corporation	501(c)(3)	Esparto, CA	$1,488,230
Greater Lafayette Commerce Comm and Economic Development Foundation	501(c)(3)	Lafayette, IN	$1,986,864
Greater Lockport Development Corporation	501(c)(3)	Lockport, NY	$1,726,053

Data update history

July 25, 2023

Posted financials

Added Form 990 for fiscal year 2021

July 20, 2023

Posted financials

Added Form 990 for fiscal year 2022

July 3, 2023

Updated personnel

Identified 2 new personnel

September 24, 2021

Received grants

Identified 1 new grant, including a grant for $20,000 from The McCarthy Charities

August 22, 2021

Posted financials

Added Form 990 for fiscal year 2019

Nonprofit Types

Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizationsCharities

Issues

Community improvementEconomic development

Characteristics

State / local levelTax deductible donationsNo full-time employeesAccepts online donations

General information

Address: Co City of Troy 433 River St; Troy, NY 12180
Metro area: Albany-Schenectady-Troy, NY
County: Rensselaer County, NY
Website URL: troyny.gov/departments/planning-department/economic-development/
Phone: (518) 270-4404

IRS details

EIN: 14-1736403
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 1987
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: S31: Urban, Community Economic Development
NAICS code, primary: 926110: Economic Development Corporations and Economic Program Organizations
Parent/child status: Central organization

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Troy Local Development Corporation

Program areas at Troy Local Development Corporation

Personnel at Troy Local Development Corporation

Financials for Troy Local Development Corporation

Form 990s for Troy Local Development Corporation

Organizations like Troy Local Development Corporation

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