2024-05-13T11:44:54-05:00 2023-12-31 141798364 WOJESKI & COMPANY CPA'S PC 159 WOLF RD ALBANY NY 12205 990 2023-01-01 141736403 TROY LOCAL DEVELOPMENT CORPORATION TROY 5182704404 CO CITY OF TROY 433 RIVER STREET TROY NY 12180 DYLAN TUREK EXECUTIVE DIRECTOR 5182704404 2024-05-07 1 DYLAN TUREK 999009999 0 JOHN E DZURILLA CPA P00059657 5184771102 2024-05-07 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z DYLAN TUREK C/O CITY OF TROY 433 RIVER STREET TROY NY 12180 545256 0 X HTTP://TROYNY.GOV/DEPARTMENTS/ECONOMICDEVELOPMENT X 1987 NY THE TROY LOCAL DEVELOPMENT CORPORATION, A PRIVATE NOT-FOR-PROFIT CORPORATION, WAS ESTABLISHED IN 1987 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. 4 1 0 0 0 0 0 135830 73948 91946 48280 24575 168510 151487 290738 403838 0 129362 0 0 15000 17000 0 0 0 123341 173000 138341 319362 152397 84476 4010072 3735790 1901814 1543056 2108258 2192734 X 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. 0 0 294687 129362 267743 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. 294687 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 6 0 0 0 0 0 0 0 0 0 0 0 0 X 4 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X X JIM LOZANO 5182797103 433 RIVER STREET TROY NY 12180 JEFF BETTS CHAIRMAN 1.00 X X 0 0 0 ANDREW ROSS VICE CHAIRMAN 1.00 X X 0 0 0 DEP MAYOR CHRISTOPHER J NOLIN BOARD MEMBER 1.00 X 0 93991 0 KIANI CONLEY-WILSON BOARD MEMBER 1.00 X 0 15000 0 DYLAN TUREK EXECUTIVE DIRECTOR 1.00 X 7500 0 0 7500 108991 0 0 0 0 0 0 135830 135830 RENTAL INCOME 532000 91946 91946 91946 50993 50728 265 115000 141418 -26418 -26418 -26418 LICENSE FEES 900099 147885 147885 UTILITY REIMBURSEMENT 900099 2035 2035 REIMBURSED EXPENSES 900099 1567 1567 151487 403838 267743 0 265 129362 129362 15000 15000 2000 2000 51389 51389 24675 24675 17000 17000 190 190 13993 13993 31271 31271 20264 20264 BAD DEBT EXPENSE 9389 9389 FACILITIES AND EQUIPMEN 4829 4829 319362 294687 24675 0 264674 296371 516 796 264442 268676 7002 6857 2555861 69059 2633049 2486802 840389 676288 4010072 3735790 16585 21731 1008229 811325 877000 710000 1901814 1543056 X 2108258 2192734 2108258 2192734 4010072 3735790 84476 0 X X 0 1 X 1 0 X X X 2 CITY OF TROY NY 146002472 6 1 0 0 TROY INDUSTRIAL DEVELOPMENT AUTHORITY 521286295 6 1 0 0 2 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1967310 397500 2364810 191051 69059 121992 2486802 SECURITY DEPOSITS 614 LEASE RECEIVABLE - NON CURRENT PORTION 675674 676288 DUE TO RELATED PARTY 710000 710000 X 403838 0 403838 0 403838 319362 0 319362 0 319362 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM INCOME TAXES AS A NOT-FOR-PROFIT CORPORATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND COMPARABLE NEW YORK STATE LAW. ACCORDINGLY, NO PROVISIONS HAVE BEEN MADE FOR INCOME TAXES IN THESE FINANCIAL STATEMENTS. 0 HAPPY PAWS ON PAWLING 670 PAWLING AVENUE TROY NY 12180 46500 0 TO FUND GENERAL REPAIRS MADE TO THE RECIPIENT'S BUILDING. 405 RIVER STREET LLC 11 TAYLOR LANE TROY NY 12180 50000 0 TO FUND A NEW ROOF INSTALLATION FOR THE RECIPIENT. MI CASA 72 CONGRESS STREET TROY NY 12180 25000 0 TO FUND RENOVATION MADE TO THE RECIPIENT'S BUILDING. FAT CROW GOURMET 362 CONGRESS STREET TROY NY 12180 7862 0 TO FUND THE PURCHASE OF NEW EQUIPMENT FOR THE RECIPIENT. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WAS REVIEWED AND APPROVED BY THE OFFICERS AND THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER COMPLETES A FIDUCIARY AND DISCLOSURE FORM ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE OR UPON REQUEST. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE IN TLDC'S OVERSIGHT OR SELECTION PROCESSES. CITY OF TROY NY 433 RIVER STREET TROY NY 12180 146002472 MUNICIPALITY NY SEC. 115 0 TROY INDUSTRIAL DEVELOPMENT AUTHORITY 433 RIVER STREET TROY NY 12180 521286295 GOVERNMENT AGENCY NY SEC. 115 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0