Troy Concern Inc
- Assets
- $121.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Troy, OH
- Founding
- 05/1973
- Data as of
- 12/2021
- EIN
- 35-1757011
Organization Overview
Troy Concern Inc is located in Troy, OH. The organization was established in 1973. According to its NTEE Classification (L30) the organization is classified as: Housing Search Assistance, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Troy Concern 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 Concern Inc generated $8.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.0%) each year. All expenses for the organization totaled $5.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (19.1%) per year over the past 7 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
A LAND CONTRACT IS ESTABLISED BETWEEN CLIENT FAMILY AND TROY CONCERN, INC. WITH NO DOWNPAYMENT AND A FIVE YEAR TERM FOR A HOUSE THAT IS PRICED WITH-IN THEIR ABILITY TO MAKE MONTHLY PAYMENTS. PAYMENTS INCLUDE TAXES AND INSURANCE. AT THE END OF THE FIVE YEARS, THE CLIENT USUALLY HAS ENOUGH EQUITY IN THE PROPERTY TO OBTAIN A TRADIDTIONAL MORTGAGE FROM ANOTHER SOURCE. FIRST PRESBYTERIAN CHURCH BOARD OF TRUSTEES PROVIDES ADDITIONAL INVESTMENT FUNDS TO TROY CONCERN TO BUY THE PROPERTY IN THE FIRST PLACE. THERE MUST BE AT LEAST ONE DEACON FROM THE CHURCH ON THE BOARD OF DIRECTORS. TROY CONCERN, INC. MEETS AT THE CHURCH AND IS CARRIED IN THE CHURCH'S ANNUAL REPORT. SOMETIMES THE MINISTHER ATTENDS THE REGULAR BOARD OF DIRECTOR'S MEETINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy Barker Board Of Dir | 1 | $0 | |
Barb Lefevre Board Of Dir | 1 | $0 | |
Patti Jones-Logan Board Of Dir | 1 | $0 | |
Barbara Owen Treasurer | 1 | $0 | |
DE Wayne Smith Vice Preside | 1 | $0 | |
Tom Burton President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,500 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $957 |
| Total Revenue | $8,457 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $5,191 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $5,191 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $62,437 |
| Other assets | $0 |
| Total assets | $121,437 |
| Total liabilities | $40,483 |
| Net assets or fund balances | $80,954 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Erie Dawn Inc Erie, PA | $815,348 | $550,377 |
Community Resolution Center Flint, MI | $201,389 | $191,659 |
Madison Residential Services Inc Goshen, IN | $422,241 | $133,466 |
Vision For Life Hamilton, OH | $32,039 | $0 |
Troy Concern Inc Troy, OH | $121,437 | $0 |
Columbus Center For Affordable Housing Powell, OH | $126,327 | $3,181 |
Geis Foundation Streetsboro, OH | $525,985 | $41,592 |