Troy Development Council Inc
- Assets
- $1.8m
- Revenue
- $361.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Troy, OH
- Founding
- 02/2001
- Data as of
- 12/2021
- EIN
- 31-1736034
Organization Overview
Troy Development Council Inc is located in Troy, OH. The organization was established in 2001. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Troy Development Council Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Troy Development Council Inc generated $361.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $249.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOSTER ECONOMIC VITALITY AND RAISE THE STANDARD OF LIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOSTER ECONOMIC VITALITY AND RAISE THE STANDARD OF LIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Davis Secretary | OfficerTrustee | 1 | $0 |
Joseph Graves Chief Exec. | OfficerTrustee | 1 | $0 |
Rob Davis Treasurer | OfficerTrustee | 1 | $0 |
Annette Ryan-Baker Vice Preside | OfficerTrustee | 1 | $0 |
Tim Summers President | OfficerTrustee | 1 | $0 |
Cale Arnold Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $125,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $191,079 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $316,079 |
| Total Program Service Revenue | $0 |
| Investment income | $661 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $44,524 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $361,264 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13 |
| Office expenses | $8,176 |
| Information technology | $632 |
| Royalties | $0 |
| Occupancy | $1,350 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,480 |
| Interest | $23,789 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $661 |
| Insurance | $0 |
| All other expenses | $6,506 |
| Total functional expenses | $249,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $111,719 |
| Savings and temporary cash investments | $267,932 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,850 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,080 |
| Net Land, buildings, and equipment | $1,423,686 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,829,267 |
| Accounts payable and accrued expenses | $46,840 |
| Grants payable | $0 |
| Deferred revenue | $2,600 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,230,929 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,280,369 |
| Net assets without donor restrictions | $548,898 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,829,267 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Troy Development Council Inc has recieved totaling $73,500.
| Awarding Organization | Amount |
|---|---|
Troy Foundation Troy, OH PURPOSE: EDUCATION; ASSISTANCE TO BUSINESSES AFFECTED BY COVID-19 | $53,500 |
Upper Valley Medical Center Dayton, OH PURPOSE: SUPPORT | $15,000 |
Park National Bank Foundation Park National Bank Newark, OH PURPOSE: SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jevs Human Services Philadelphia, PA | $77,364,523 | $72,235,566 |
Philadelphia Works Inc Philadelphia, PA | $19,624,768 | $60,435,334 |
Go-Hire Employment And Development Hazard, KY | $7,206,602 | $38,687,303 |
Private Industry Council Of Westmoreland Fayette Inc Greensburg, PA | $8,538,862 | $23,750,755 |
Change Incorporated Weirton, WV | $10,912,278 | $21,367,906 |
Family Development Services Inc Indianapolis, IN | $6,961,291 | $21,119,232 |
Indianapolis Private Industry Council Inc Indianapolis, IN | $7,195,768 | $15,248,899 |
Coalition On Homeless And Housing In Ohio Columbus, OH | $8,605,666 | $14,656,133 |
Impact Services Corp Philadelphia, PA | $10,268,783 | $12,440,470 |
Workforce Development Board Of Central Ohio Columbus, OH | $1,226,414 | $9,387,231 |
Central Pennsylvania Workforce Development Corporation Lewisburg, PA | $2,063,323 | $7,980,390 |
Job Squad Inc Bridgeport, WV | $7,674,844 | $8,287,475 |