2025-09-09T07:49:05-05:00 2024-12-31 141798364 WOJESKI & COMPANY CPA'S PC 159 WOLF RD ALBANY NY 12205 990 2024-01-01 141736403 TROY LOCAL DEVELOPMENT CORPORATION TROY 5182797392 CO CITY OF TROY 433 RIVER STREET TROY NY 12180 SEAMUS DONNELLY EXECUTIVE DIRECTOR 5182797392 2025-09-03 1 0 JOHN E DZURILLA CPA P00059657 5184771102 2025-09-03 2024 2025-03-06 01:10:19Z SEAMUS DONNELLY C/O CITY OF TROY 433 RIVER STREET TROY NY 12180 760429 0 X HTTP://TROYNY.GOV/DEPARTMENTS/ECONOMICDEVELOPMENT X 1987 NY 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. 4 1 0 0 0 0 135830 299370 91946 78900 24575 81837 151487 241322 403838 701429 129362 385111 0 0 17000 0 0 0 0 173000 184849 319362 569960 84476 131469 3735790 3735518 1543056 1411315 2192734 2324203 X THE 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 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. 0 0 541590 385111 398386 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. 541590 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 X 4 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X X DENEE ZEIGLER 5182797392 433 RIVER STREET TROY NY 12180 X JEFF BETTS CHAIRMAN 1.00 X X 0 0 0 ANDREW ROSS VICE CHAIRMAN 1.00 X X 0 0 0 HON THOMAS CASEY BOARD MEMBER 1.00 X 0 0 0 SEAMUS DONNELLYY EXECUTIVE DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 299370 299370 RENTAL INCOME 532000 78900 78900 78900 66137 62464 3673 74700 59000 15700 15700 15700 LICENSE FEES 900099 151260 151260 ADMINISTRATION FEES 900099 67641 67641 BAD DEBT RECOVERY 900099 22123 22123 298 298 241322 701429 398386 0 3673 X 385111 385111 34983 34983 28370 28370 67162 67162 115 115 8913 8913 22562 22562 17568 17568 FACILITIES AND EQUIPMEN 4829 4829 GIFTS AND DONATIONS 275 275 BANK SERVICE FEES 72 72 569960 541590 28370 0 296371 558090 796 361 268676 327247 6857 5582 2496861 73888 2486802 2422973 676288 421265 3735790 3735518 21731 234923 811325 601440 710000 574952 1543056 1411315 X 2192734 2324203 2192734 2324203 3735790 3735518 131469 0 X X 0 1 X 1 0 X X X 2 CITY OF TROY NY 146002472 6 1 0 0 TROY INDUSTRIAL DEVELOPMENT AUTHORITY 521286295 6 1 0 0 2 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1908310 397500 2305810 191051 73888 117163 2422973 SECURITY DEPOSITS 614 LEASE RECEIVABLE - NON CURRENT PORTION 420651 421265 DUE TO RELATED PARTY 574952 574952 X 701429 0 701429 0 701429 569960 0 569960 0 569960 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM INCOME TAXES AS A NOT-FOR-PROFIT CORPORATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND COMPARABLE NEW YORK STATE LAW. ACCORDINGLY, NO PROVISIONS HAVE BEEN MADE FOR INCOME TAXES IN THESE FINANCIAL STATEMENTS. 0 LLH FERRY LLC 99 FERRY STREET TROY NY 12180 50000 0 TO FUND COMPLETE RENOVATION FOR THE RECIPIENT. COLLAR CITY MUSHROOMS 333 2ND AVE TROY NY 12180 5424 0 TO FUND RENOVATION MADE TO THE RECIPIENT'S BUILDING. DEFAZIO & SONS INC 216 FOURTH ST TROY NY 12180 50000 0 TO FUND RENOVATION MADE TO THE RECIPIENT'S BUILDING. LOVE OF FUZZ 348 CONGRESS STREET TROY NY 12180 50000 0 TO FUND RENOVATION MADE TO THE RECIPIENT'S BUILDING. TROY AMBULANCE SERVICE INC 779 RIVER STREET TROY NY 12180 50000 0 TO FUND RENOVATION MADE TO THE RECIPIENT'S BUILDING. FRANK J RYAN & SONS 295 1ST STREET TROY NY 12180 50000 0 TO FUND RENOVATION MADE TO THE RECIPIENT'S BUILDING. REFUGE TROY 1813 5TH AVENUE TROY NY 12180 50000 0 TO FUND RENOVATION MADE TO THE RECIPIENT'S BUILDING. TOAST OF THE HUDSON DBA BROWNS BREWING 417-425 RIVER STREET TROY NY 12180 50000 0 TO FUND RENOVATION MADE TO THE RECIPIENT'S BUILDING. VILLA VALENTI 729 PAWLING AVENUE TROY NY 12180 26187 0 TO FUND RENOVATION MADE TO THE RECIPIENT'S BUILDING. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WAS REVIEWED AND APPROVED BY THE OFFICERS AND THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER COMPLETES A FIDUCIARY AND DISCLOSURE FORM ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE OR UPON REQUEST. FORM 990, PART IX, LINE 11G ARCHIECTURAL/ENGINEERING FEES: PROGRAM SERVICE EXPENSES 59,662. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 59,662. CONSULTING : PROGRAM SERVICE EXPENSES 7,500. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,500. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE IN TLDC'S OVERSIGHT OR SELECTION PROCESSES. CITY OF TROY NY 433 RIVER STREET TROY NY 12180 146002472 MUNICIPALITY NY SEC. 115 0 TROY INDUSTRIAL DEVELOPMENT AUTHORITY 433 RIVER STREET TROY NY 12180 521286295 GOVERNMENT AGENCY NY SEC. 115 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0