Overview
What is Troy Concern Inc?
Troy Concern Inc is a nonprofit organization that specializes in land contracts. They assist client families in acquiring houses within their affordable payment range, with no initial downpayment required. The agreement spans a five-year term, and the monthly payments cover not only the cost of the house but also taxes and insurance. This innovative approach enables families to secure a home without the burden of a large upfront payment.
Is Troy Concern Inc legitimate?
Troy Concern Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Troy Concern Inc submitted a form 990EZ, 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.
What is the mission statement of Troy Concern Inc?
Troy Concern Inc, through land contracts, provides housing solutions to families within their financial means. By establishing agreements with no initial downpayment and a five-year term, they make homeownership accessible. The contracts incorporate monthly payments that cover taxes and insurance. The organization's mission, in essence, is to facilitate homeownership opportunities for families, ensuring they can manage the associated costs within their budget.
Who is the CEO of Troy Concern Inc?
Tom Burton is the President of Troy Concern Inc.
What is the revenue of Troy Concern Inc?
Troy Concern Inc's revenue in 2021 was $8,457.
Who are the executives of Troy Concern Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990EZ for Troy Concern Inc?
Troy Concern Inc's most recent form 990EZ was submitted in 2021 and can be accessed here.
Mission Statement of Troy Concern Inc
Troy Concern Inc, a nonprofit organization, establishes land contracts with client families, providing them with a house within their affordability range. This arrangement includes monthly payments that cover taxes and insurance, and no downpayment is required. The contract lasts for a period of five years, offering a viable housing solution to families in need. This initiative by Troy Concern Inc aims to provide accessible and affordable housing options, ensuring that families can secure a place to call home.
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Impact
August, 2024
Troy Concern Inc's impact lies in providing a pathway to homeownership for families in need in Troy, Ohio. By establishing land contracts with no downpayment and manageable monthly payments, Troy Concern Inc enables client families to access affordable housing solutions. This unique approach not only addresses immediate housing needs but also fosters long-term stability and financial empowerment within the community. Through their mission-driven work, Troy Concern Inc is making a tangible difference in the lives of individuals and families, promoting housing security and economic resilience.
This information is meant to be a general summary of Troy Concern Inc. 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 2021.
- Program Service Revenue: $7,500
- Gross Receipts: $8,457
Assets and Liabilities:
- Total Assets: $121,437
- Total Liabilities: $40,483
- Net Assets: $80,954
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Organization Details
Phone
(937) 216-2148Principal Officer
Tom Burton
Main Address
20 S WALNUT ST, TROY, OH, 45373
NTEE Category
Code: L30 - Housing
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