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
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
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 program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $541,590.
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.
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%).
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.
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).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 8 reported years ran a deficit.
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.
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
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.
In-state vs out-of-state, by year
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.
Against its field
TROY LOCAL DEVELOPMENT CORPORATION has grown faster than three-quarters of the 11,971 community improvement nonprofits its size.
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
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
95% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 1 state
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.
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