Overview
What is Troy Main Street?
Troy Main Street is a nonprofit organization situated in Troy, Ohio, dedicated to enhancing the economic and architectural vitality of the city's downtown area. Their comprehensive revitalization strategy aims to foster economic development and serve as a bridge between local businesses and government. Over the past year, they implemented various initiatives, such as placing 52 flower pots along downtown sidewalks and storefronts, partnering with local nonprofits, and creating guidelines for a mural program. Troy Main Street also collaborated with the city to establish a facade grant program for downtown businesses and recommended changes to the city council based on a survey of local businesses. In addition, they hosted numerous events, including First Friday events, concerts, and community celebrations. The organization relies on volunteer support, with over 1,346 hours contributed in 2022, and gained three new volunteers. Troy Main Street was once again recognized as a nationally accredited Main Street program through Heritage Ohio in 2022.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Stars)
Troy Main Street has received a commendable rating of 80% from Charity Navigator, indicating a solid performance in accountability and finance. This rating reflects the organization’s strong governance practices, as evidenced by a fully independent board and a comprehensive conflict of interest policy. The charity demonstrates a commendable commitment to transparency, with documented board meeting minutes and no material diversion of assets.
One of the organization's standout features is its impressive program expense ratio of 100%, which suggests that all funding is directed towards its programs, emphasizing its efficiency in utilizing resources for its mission. The low liabilities to assets ratio of 0.00% further highlights the financial stability of Troy Main Street, making it a trustworthy option for potential donors.
Despite the positive aspects, the overall rating still leaves room for improvement in certain areas. While the organization performs well in governance and financial metrics, ongoing monitoring and enhancement of their operational aspects could further elevate their standing and impact within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Troy Main Street legitimate?
Troy Main Street is a legitimate nonprofit organization registered as a 501(c)(3) entity. Troy Main Street submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $57,047
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What is the mission statement of Troy Main Street?
Troy Main Street's mission is centered around enhancing the economic and architectural well-being of a downtown area. They strive to accomplish this by implementing a comprehensive revitalization strategy, which in turn stimulates economic development. Acting as a mediator, Troy Main Street bridges the gap between local businesses and the government. Their primary objective is to coordinate the efforts of individuals committed to transforming the downtown area into a more appealing place for living, working, shopping, celebrating, and investing.
Who is the CEO of Troy Main Street?
Andrea Keller is the Vice-Pres. of Troy Main Street.
What is the revenue of Troy Main Street?
Troy Main Street's revenue in 2022 was $195,065.
Who are the executives of Troy Main Street and what are their salaries?
The average compensation at Troy Main Street during 2022 was $19,016. There are 3 employees at Troy Main Street.
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Where can I find the form 990 for Troy Main Street?
Troy Main Street's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Troy Main Street
Troy Main Street, a dedicated nonprofit organization, is committed to ensuring the continued economic and architectural prosperity of the downtown area in an unspecified city. It accomplishes this mission through a comprehensive revitalization strategy, stimulating economic development and acting as a liaison between local businesses and government. By coordinating the efforts of various individuals and groups, Troy Main Street aims to transform downtown into a more appealing and investible destination for residents, workers, shoppers, and celebrants. The organization's ultimate goal is to improve the overall quality of life in the downtown area, making it a better place for everyone involved.
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Impact
October, 2024
Troy Main Street significantly enhances the economic vibrancy and architectural integrity of downtown Troy, Ohio. Through a comprehensive revitalization strategy, it stimulates economic development while serving as a crucial liaison between downtown businesses and local government.
In 2022, its efforts included beautifying the downtown area with 52 flower pots, which added color and charm to the sidewalks and storefronts. Collaboration with over 20 local nonprofits not only increased visibility for these organizations but also ensured that the downtown remained welcoming and litter-free, offering a range of community activities.
The organization championed initiatives such as a mural program set to launch in 2023 and a façade grant program to aid local businesses in enhancing their storefronts. Feedback from downtown businesses regarding improvements to the Designated Outdoor Refreshment Area (DORA) was gathered and presented to the Troy City Council, demonstrating a commitment to listening to the community's needs.
Troy Main Street is also an active organizer of events, hosting 40 days of festivities throughout the year, including First Friday events, concerts, and Halloween celebrations. The dedication of volunteers, who contributed over 1,346 hours in various activities, showcases the community's investment in these initiatives. Additionally, being accredited as a nationally recognized Main Street program through Heritage Ohio highlights its effectiveness and commitment to revitalizing the local area.
Overall, Troy Main Street plays a vital role in creating a dynamic, engaging, and supportive environment for residents and visitors alike, making downtown Troy a better place to live, work, shop, celebrate, and invest.
This information is meant to be a general summary of Troy Main Street. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,482
- Gross Receipts: $195,065
Assets and Liabilities:
- Total Assets: $293,177
- Total Liabilities: $0
- Net Assets: $293,177
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Organization Details
Founding Year
1990
Phone
(937) 339-5455Principal Officer
Andrea Keller
Main Address
405 SW PUBLIC SQUARE SUITE 231, TROY, OH, 45373
NTEE Category
Code: S200 - Community improvement
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