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Filing year 2024

TROY LOCAL DEVELOPMENT CORPORATION

Troy, New York·EIN 14-1736403·NTEE S20Z · Community Improvement & Capacity Building·3
Total revenue
$701k
Total assets
$3.7M
Total expenses
$570k
Reported officers
4
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.

Reported officers (all unpaid)

No paid executives reported in 2024. TROY LOCAL DEVELOPMENT CORPORATION reported 4 unpaid officers and board members on its 990.

Chairman
Vice Chairman
Board Member
Executive Director
Financial trend

Revenue and expenses over time

TROY LOCAL DEVELOPMENT CORPORATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$404k
$319k
2023
$701k
$570k
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Community Improvement & Capacity Building executives earn in New York

TROY LOCAL DEVELOPMENT CORPORATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable community improvement & capacity building organization in New York earns a median of $103,140.

25th percentile
$42k
Median
$103,140
75th percentile
$212k
90th percentile
$362k

These are community improvement & capacity building sector-wide figures, not this organization's reported pay. Based on 214 organizations across 214 filings (2021 – 2023).

See full Community Improvement & Capacity Building pay data for New York

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