NonprofitsTroy Local Development Corporation

Community Improvement & Capacity Building

Troy Local Development Corporation

TROY, NY

Total revenue

$701K

Total expenses

$570K

Net assets

$2.3M

Grants received

$55K

3 grants

EIN

141736403

Tax year

2024

Mission

The troy local development corporation, a private not-for-profit corporation, was established in 1987 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 of building or sites within the city, and to foster employment opportunities for troy residents, including business retention and attraction, and job creation and retention. The tldc also serves as a liaison with federal, state and other local authorities with respect to disseminating information and offering technical advice. The tldc has the authority to acquire real or personal property by purchase or lease, borrow funds, provide financial assistance, and issue negotiable bonds, notes and other obligations.

Financials

FY 2024

Revenue

Contributions & grants$299K
Program service revenue$79K
Investment income$82K
Other revenue$241K
Total revenue$701K

Expenses

Grants paid$385K
Salaries & benefits
Fundraising
Other expenses$185K
Total expenses$570K
Total assets$3.7M
Net assets$2.3M

People

4 listed

NameRoleCompensation

JEFF BETTS

CHAIRMAN

Board

1 hrs/wk

ANDREW ROSS

VICE CHAIRMAN

Board

1 hrs/wk

HON THOMAS CASEY

BOARD MEMBER

Board

1 hrs/wk

SEAMUS DONNELLYY

EXECUTIVE DIRECTOR

Board

1 hrs/wk

Grants received

Showing 3 of 3

FromAmountPurposeYear
$20K
7TH AVENUE PARK
2020
$10K
IMPROVE PLAYGROUND AT 7TH AND INGALLS
2020

Funded by

$55K from 3 funders · 3 grants · 2020

Stephen J Mckee Foundation

$25K · 1 grant · 2020

The Mccarthy Charities Inc

$20K · 1 grant · 2020

The Howard And Bush Foundation Inc

$10K · 1 grant · 2020

Details

EIN141736403
NTEE codeS20Z
Subsection03
Ruling date1991-08
Formed1987
Employees0
Volunteers0
TROY LOCAL DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo