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New York · Nonprofit

TROY LOCAL DEVELOPMENT CORPORATION

TROY LOCAL DEVELOPMENT CORPORATION (New York) receives grants from 4 organizations whose IRS filings report $105,000 to it, the largest being THE TROY SAVINGS BANK CHARITABLE FO ($50,000). 0 of them have funded it in more than one year.

Revenue FY2024
$701k
Funders on record
4
Grants received
$105k
Net assets
$2.3M
0/4 repeat funderspeak grant-dependency 12%
01What it does

What Troy Local Development Corporation does

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.

As stated on its FY2024 Form 990.

Program

  1. 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.

    $541,590 spentof which $385,111 as grants$398,386 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $541,590.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($208k) Expenses 100 ($261k) Net assets 100 ($1.2M)2018 Revenue 38 ($79k) Expenses 76 ($198k) Net assets 90 ($1.1M)2019 Revenue 593 ($1.2M) Expenses 104 ($271k) Net assets 169 ($2.1M)2020 Revenue 221 ($461k) Expenses 167 ($436k) Net assets 171 ($2.1M)2021 Revenue 68 ($142k) Expenses 111 ($289k) Net assets 159 ($1.9M)2022 Revenue 140 ($291k) Expenses 53 ($138k) Net assets 173 ($2.1M)2023 Revenue 194 ($404k) Expenses 122 ($319k) Net assets 180 ($2.2M)2024 Revenue 337 ($701k) Expenses 219 ($570k) Net assets 191 ($2.3M)
'17'18'19'20'21'22'23'24
Revenue (337)Expenses (219)Net assets (191)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $2.8M to $4.0M (+43%).

$3.5M
$3.2M
$3.3M
$3.2M
$2.8M
$4.0M
$3.7M
$3.7M
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2019 32% · 2020 35% · 2021 21%. Grants only. Government contracts and fees sit inside program revenue.

43% of TROY LOCAL DEVELOPMENT CORPORATION’s revenue is contributions — about as donation-reliant as the typical peer (62% for the typical peer).

This organization
Typical peer · 12,439 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 8 reported years ran a deficit.

−$53k
’17
−$118k
’18
$962k
’19
$25k
’20
−$146k
’21
$152k
’22
$84k
’23
$131k
’24
12
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Seamus Donnellyy

Executive director

Board chair

Jeff Betts

Chairman

As listed on its FY2024 Form 990.

The chief executive listed changed between the FY2022 and FY2023, and between the FY2023 and FY2024 filings.

'17'18'19'20'21'22'23'24
Listed55555454
Joined·+1+1+2+0+2+2+2
No longer listed·1120313
03Who funds it

Who funds it, year by year

2019 → 2020: the base broadened from 1 funder to 3 funders, grant income rose $50k → $55k.

From the IRS filings of TROY LOCAL DEVELOPMENT CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

TROY LOCAL DEVELOPMENT CORPORATION leans on a few funders — its largest provides 48% of grant income and the top three 90%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

48%
largest funder
90%
top three
~3
effective funders

Largest funder’s share by year: 2019 100% · 2020 45% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of TROY LOCAL DEVELOPMENT CORPORATION's grant income comes from New York funders.

NY

In-state vs out-of-state, by year

’19
’20
New York out of state home

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

TROY LOCAL DEVELOPMENT CORPORATION has grown faster than three-quarters of the 11,971 community improvement nonprofits its size.

Operating margin19% · above the median
Months of reserve11.8mo · above the median
Revenue growth (annualized)19% · top quartile

this organization peer median middle 50% of peers· 11,971 community improvement nonprofits $100k–$1M, FY2024

Organizations like TROY LOCAL DEVELOPMENT CORPORATION

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In New York

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

95% of spending goes to programs.

Program 95%Management 5%Fundraising 0%

Governance

4
board members
25%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Footprint & structure

Files a return copy in 1 state

NY

Part of a family of 2 related entities

  • City of Troy Ny · exempt
  • Troy Industrial Development Authority · exempt

Screen this organization

A dated, signed PDF of the compliance screen for TROY LOCAL DEVELOPMENT CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds TROY LOCAL DEVELOPMENT CORPORATION?
TROY LOCAL DEVELOPMENT CORPORATION (New York) receives grants from 4 organizations whose IRS filings report $105,000 to it, the largest being THE TROY SAVINGS BANK CHARITABLE FO ($50,000). 0 of them have funded it in more than one year.
How many funders does TROY LOCAL DEVELOPMENT CORPORATION have?
IRS filings report 4 organizations giving $105,000 in grants to TROY LOCAL DEVELOPMENT CORPORATION.
Who is the largest funder of TROY LOCAL DEVELOPMENT CORPORATION?
THE TROY SAVINGS BANK CHARITABLE FO is the largest funder on record, with $50,000 in grants. The full list of funders is on this page.
How can an organization like TROY LOCAL DEVELOPMENT CORPORATION find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 4 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing