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New York · Public charity

Troy Local Development Corporation

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…

$385k
Granted FY2024(still arriving)
9
Grants FY2024
4
Organizations funded FY2023
100%
First-time grantees FY2023
Read the full brief
Median grant, FY2024
$50,000
Largest grant, FY2024
$50,000
Organizations funded a year
1 to 4
FY2019 to FY2023
States reached, FY2024
1
Total assets, FY2024
$3.7M

How open it is to new grantees

In FY2023, 100% of the organizations Troy Local Development Corporation funded were first-time grantees, receiving 100% of its grant dollars.

New vs renewed · share of each year

In FY2023, 0% of grant dollars renewed an existing relationship; $129k went to new ones.

50%100%’20’21’23
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’20’21’23
Community ImprovementArts & CultureHousing & ShelterOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.
The numbers by year
Fiscal yearOrganizations fundedTo those organizationsFirst-time grantees
FY2024still arriving9$382k100%
FY20234$129k100%
FY20213$40k100%
FY20203$35k100%
FY20191$75kn/a
95% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2019 to 2024.

Housing & Shelter$335kArts & Culture$136kPublic Benefit$75kPublic Safety & Disaster$50kCommunity Improvement$32kHuman Services$25kOther$0

Top grantees

Largest recipients by total granted, FY2019 to FY2024, and the share of each one’s budget the grants supplied at peak.

GranteeTotal grantedYearsShare of their budget
City of Troy New York$75,0001n/a
Downtown Troy Business Improvement District Foundation Inc$17,400183%
Future of Small Cities Inc$15,000135%
The Arts Center of the Capital Region$11,00011%
Tap Inc$6,72511%

Plus 15 recipients with no EIN on record ($536k), not named here.

Compare Troy Local Development Corporation with peer funders

Warm introductions · Powered by PlinthPlus

How do I get to Troy Local Development Corporation?

Find your warmest path to Troy Local Development Corporation through trustees and officers whose names appear on both boards. Search for your organization and Plinth traces the shortest route it can evidence.

Each link is a name appearing on two organizations’ public IRS 990 filings, matched on that name and, where the filings support it, on location. A same-state match has geographic support, which is a second matching feature rather than confirmation that the two are one person; a cross-state one is the likeliest to be two people who share a name. Every hop shows its tier, low-confidence and distant paths are held back rather than guessed, and it is worth confirming the person before you use the introduction.

About Troy Local Development Corporation

How much does Troy Local Development Corporation give?
Troy Local Development Corporation reported 9 grants totaling $385,111 in its FY2024 IRS filing. It funded between 1 and 4 organizations a year over FY2019 to FY2023.
What does Troy Local Development Corporation fund?
By grant dollars over FY2019 to FY2024, its largest causes are Housing & Shelter (51%), Arts & Culture (21%), Public Benefit (11%).
Who are Troy Local Development Corporation's largest grantees?
By total granted over FY2019 to FY2024: City of Troy New York ($75k), Downtown Troy Business Improvement District Foundation Inc ($17k), Future of Small Cities Inc ($15k).
Does Troy Local Development Corporation fund new organizations?
In FY2023, 100% of the organizations it funded were first-time grantees.
Where is Troy Local Development Corporation based?
Troy Local Development Corporation is based in NY.

On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 20 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the IRS Form 990 e-file return for fiscal year 2024, released 2024. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Source object · view filing

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