Troy Rehabilitation And Improvement Program Inc
- Assets
- $4.5m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 43
- Location
- Troy, NY
- Founding
- 04/1969
- Data as of
- 04/2022
- EIN
- 14-1503655
Organization Overview
Troy Rehabilitation And Improvement Program Inc is located in Troy, NY. The organization was established in 1969. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. As of 04/2022, Troy Rehabilitation And Improvement Program Inc employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Troy Rehabilitation And Improvement Program 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 04/2022, Troy Rehabilitation And Improvement Program Inc generated $4.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $3.4m during the year ending 04/2022. While expenses have increased by 6.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CONNECT INDIVIDUALS AND FAMILIES WITH RESOURCES AND KNOWLEDGE TO LIVE IN DESIRABLE HOMES AND CREATE VIBRANT SUSTAINABLE COMMUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONNECT INDIVIDUALS AND FAMILIES WITH RESOURCES AND KNOWLEDGE TO LIVE IN DESIRABLE HOMES AND CREATE VIBRANT SUSTAINABLE COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Nealon Chief Executive Officer & | Officer | 45 | $103,671 |
Noah Baum Chief Operating Officer | Officer | 40 | $87,764 |
Eric Baral Director Of Accounting | Officer | 40 | $68,200 |
Elbert L Watson Treasurer | OfficerTrustee | 1 | $0 |
Joe Durkin Secretary | OfficerTrustee | 1 | $0 |
Yvonne Drewe Chairperson | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
I Am Construction Of Ny Llc Lead Remediation | 4/29/22 | $173,125 |
Bbl Construction Services Llc Construction | 4/29/22 | $397,711 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $3,182 |
| Membership dues | $0 |
| Fundraising events | $39,060 |
| Related organizations | $0 |
| Government grants | $2,202,177 |
| All other contributions, gifts, grants, and similar amounts not included above | $76,022 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,320,441 |
| Total Program Service Revenue | $1,701,974 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,394 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,140,655 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $70,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $259,635 |
| Compensation of current officers, directors, key employees. | $38,945 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,579,977 |
| Pension plan accruals and contributions | $27,893 |
| Other employee benefits | $171,524 |
| Payroll taxes | $112,107 |
| Fees for services: Management | $25,331 |
| Fees for services: Legal | $8,786 |
| 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 | $404,682 |
| Advertising and promotion | $23,701 |
| Office expenses | $18,382 |
| Information technology | $88,694 |
| Royalties | $0 |
| Occupancy | $237,751 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,459 |
| Interest | $43,990 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $130,703 |
| Insurance | $66,919 |
| All other expenses | $18,644 |
| Total functional expenses | $3,400,533 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $344,206 |
| Savings and temporary cash investments | $3,012 |
| Pledges and grants receivable | $444,456 |
| Accounts receivable, net | $107,991 |
| 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 | $32,783 |
| Net Land, buildings, and equipment | $3,114,965 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $479,703 |
| Total assets | $4,527,116 |
| Accounts payable and accrued expenses | $347,054 |
| Grants payable | $0 |
| Deferred revenue | $21,861 |
| 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 | $707,530 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $36,774 |
| Total liabilities | $1,113,219 |
| Net assets without donor restrictions | $3,370,884 |
| Net assets with donor restrictions | $43,013 |
| 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 | $4,527,116 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Troy Rehabilitation And Improvement Program Inc has recieved totaling $30,943.
| Awarding Organization | Amount |
|---|---|
Neighborhood Risk Management Corporation New York, NY PURPOSE: DISTRIBUTION TO ORGANIZATION | $10,419 |
Mccarthy Charities Inc Troy, NY PURPOSE: LANSINGBURGH STRONG | $10,000 |
Mccarthy Charities Inc Troy, NY PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Mccarthy Charities Inc Troy, NY PURPOSE: UNRESTRICTED | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $24 |
Endowment Analysis
| Beg. Balance | $409,518 |
| Net Contributions | $127,523 |
| Other Expense | $32,463 |
| Ending Balance | $504,578 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Home Headquarters Inc Syracuse, NY | $61,706,462 | $11,933,384 |
Depaul Properties Inc Rochester, NY | $60,046,501 | $8,018,697 |
Isles Inc Trenton, NJ | $25,476,363 | $9,864,108 |
Beech Interplex Inc Philadelphia, PA | $34,852,112 | $5,583,039 |
Center Communities Of Brookline Inc Boston, MA | $21,612,727 | $5,843,127 |
Crispus Attucks Association Of York Pennsylvania York, PA | $24,303,531 | $5,790,154 |
Hrca Brookline Housing 1550 Beacon Plaza Boston, MA | $18,498,571 | $4,652,823 |
North Shore Community Development Coalition Inc Salem, MA | $17,290,346 | $6,893,056 |
Troy Rehabilitation And Improvement Program Inc Troy, NY | $4,527,116 | $4,140,655 |
Opportunity Headquarters Inc Syracuse, NY | $931,819 | $3,257,864 |
Rebuilding Together-Saratoga County Ballston Spa, NY | $1,364,946 | $2,773,949 |
Mutual Housing Association Of Southwestern Connecticut Inc Trumbull, CT | $16,772,020 | $2,661,661 |