Downtown Troy Business Improvement District Foundation Inc
- Assets
- $28.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Troy, NY
- Founding
- 04/2017
- Data as of
- 12/2021
- EIN
- 81-2946188
Organization Overview
Downtown Troy Business Improvement District Foundation Inc is located in Troy, NY. The organization was established in 2017. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Troy Business Improvement District Foundation 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, Downtown Troy Business Improvement District Foundation Inc generated $21.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (19.3%) each year. All expenses for the organization totaled $25.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (15.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION OVERSEES FUNDRAISING INITIATIVES OF THE DOWNTOWN TROY BUSINESS IMPROVEMENT DISTRICT IN THE FORM OF ANNUAL SPONSORSHIP, ADVERTISING AGREEMENTS, PROJECT BASED FUNDING AND EVENT SPONSORHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jody Brooks President | 2 | $0 | |
Brian Murphy Secretary | 2 | $0 | |
Tara Toomajian Treasurer | 2 | $0 | |
Kerry Fagan Board Member | 2 | $0 | |
Jamie Magur Board Member | 2 | $0 | |
Lauren Groff Baord Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,117 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $21,117 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $600 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $25,156 |
| Total expenses | $25,756 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $27,722 |
| Other assets | $0 |
| Total assets | $28,516 |
| Total liabilities | $18,884 |
| Net assets or fund balances | $9,632 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Downtown Troy Business Improvement District Foundation Inc has recieved totaling $52,200.
| Awarding Organization | Amount |
|---|---|
Troy Local Development Corporation Troy, NY PURPOSE: COVID RELIEF | $17,400 |
Troy Local Development Corporation Troy, NY PURPOSE: COVID RELIEF | $17,400 |
Troy Local Development Corporation Troy, NY PURPOSE: COVID RELIEF | $17,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Codman Square Neighborhood Development Corporation Dorchester, MA | $49,534,179 | $9,221,133 |
New Jersey Community Development Corporation Inc Paterson, NJ | $38,005,348 | $12,337,768 |
Allegheny Conference On Community Development Pittsburgh, PA | $14,597,444 | $7,655,898 |
Broc-Community Action In Southwestern Vermont Rutland, VT | $4,592,577 | $9,366,618 |
Urban Edge Housing Corp Roxbury, MA | $48,065,772 | $13,249,471 |
Jamaica Plain Neighborhood Development Corporation Jamaica Plain, MA | $42,347,137 | $8,553,419 |
Fifth Avenue Association Business Improvement District Inc New York, NY | $1,371,227 | $6,747,998 |
Fifth Avenue Committee Incorporated Brooklyn, NY | $7,015,493 | $7,933,714 |
Hamden Economic Developmente Corporation Hamden, CT | $3,370,551 | $167,824 |
Warren And Forest Counties Economic Opportunity Council Warren, PA | $10,674,151 | $7,590,481 |
Opportunity Communities Llc Chelsea, MA | $1,253,175 | $6,991,638 |
Just A Start Inc Cambridge, MA | $43,187,600 | $7,410,722 |