Nonprofit · EIN 14-1736403
TROY LOCAL DEVELOPMENT CORPORATION
Tax-exempt · TROY, NY 12180
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $701,429 | $569,960 | $131,469 | $3,735,518 | $1,411,315 | $2,324,203 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $299,370
- Program service revenue
- $78,900
- Investment income
- $81,837
- Net gain from sales of assets
- $15,700
- Other revenue
- $241,322
Expenses
- Grants and similar amounts paid
- $385,111
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $34,983
- Accounting fees
- $28,370
- Occupancy
- $8,913
- Program services (functional)
- $541,590
- Management and general (functional)
- $28,370
Balance sheet and other
- Total assets, start of year
- $3,735,790
- Total assets, end of year
- $3,735,518
- Total liabilities, end of year
- $1,411,315
- Net assets, end of year
- $2,324,203
- Land, buildings and equipment
- $2,422,973
- Net assets without donor restrictions
- $2,324,203
- Gross receipts
- $760,429
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1987
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFF BETTS | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| ANDREW ROSS | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
| HON THOMAS CASEY | BOARD MEMBER Trustee or director | 1 | $0 |
| SEAMUS DONNELLYY | EXECUTIVE DIRECTOR Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- CO CITY OF TROY 433 RIVER STREET, TROY, NY 12180-0000
- In care of
- % CITY OF TROY
- Principal officer (990 for 2024)
- SEAMUS DONNELLY, C/O CITY OF TROY 433 RIVER STREET, TROY, NY 12180
- Signed the 990
- SEAMUS DONNELLY, EXECUTIVE DIRECTOR
- Phone
- (518) 279-7392
- Return prepared by
- WOJESKI & COMPANY CPA'S PC
Mission
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.
Program accomplishments
- 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.Expenses $541,590 · grants $385,111 · revenue $398,386
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 14-1736403
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 1991
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20Z)
- Assets (IRS master file)
- $3,735,518
- Income (IRS master file)
- $760,429
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $701,429 | $569,960 | $3,735,518 | XML |
| 990 | December 2023 | $403,838 | $319,362 | $3,735,790 | IRS |
| 990 | December 2022 | $290,738 | $138,341 | $4,010,072 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 14-1736403).
Questions about TROY LOCAL DEVELOPMENT CORPORATION
- What is the EIN of TROY LOCAL DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of TROY LOCAL DEVELOPMENT CORPORATION is 14-1736403.
- Is TROY LOCAL DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to TROY LOCAL DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does TROY LOCAL DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TROY LOCAL DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TROY LOCAL DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of TROY LOCAL DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names SEAMUS DONNELLY.
- Who are the officers and directors of TROY LOCAL DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does TROY LOCAL DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $701,429, expenses of $569,960 and total assets of $3,735,518 at year end.
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All nonprofits in TROY · New York · Community improvement and capacity building