Overview
What is Troy Reinvestment Fund?
The Troy Reinvestment Fund is a nonprofit organization located in Troy, Ohio, at 210 S Market St Suite B. Their primary mission is to promote the economic vitality and social welfare of Troy's citizens. They achieve this goal through various investment methods such as loans, gap financing, loan guarantees, direct equity investments, and other strategies. These investments are primarily directed towards three areas: community real estate projects, encouraging new businesses in Troy, Ohio, and supporting the retention and expansion of existing businesses in the city. By doing so, the Troy Reinvestment Fund aims to contribute positively to the local economy and community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star Rating. This rating indicates that the Troy Reinvestment Fund demonstrates a solid level of accountability and financial health, reflecting a responsible approach to managing its resources. The charity has achieved a high score primarily due to its focus on accountability and finance, scoring a perfect 100% in this area.
The organization showcases strong governance with an entirely independent board, consisting of four members, which signals commitment to transparency and ethical oversight. The absence of any material diversion of assets further enhances its credibility, and the implementation of a conflict of interest policy indicates a proactive approach to integrity in operations.
While the organization excels in its financial practices, it is important for potential donors and supporters to consider the impact of its programs and overall effectiveness in addressing its mission, as the current ratings focus solely on financial metrics. Overall, the Troy Reinvestment Fund shows a promising commitment to responsible management, but additional information on program outcomes could provide a more comprehensive view of its performance.
This AI summary has been generated from information found on Charity Navigator.
Is Troy Reinvestment Fund legitimate?
Troy Reinvestment Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Troy Reinvestment Fund 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: $0
For more financial information, click here
What is the mission statement of Troy Reinvestment Fund?
The Troy Reinvestment Fund, as a mission, aims to enhance the economic vitality and improve the social welfare of citizens. This is accomplished by facilitating various activities through investments in projects. These projects primarily include community real estate developments, the encouragement of new businesses, and the retention and expansion of existing businesses in the city. The ultimate goal is to contribute positively to the economic growth and well-being of the community.
Who is the CEO of Troy Reinvestment Fund?
Mike Twiss is the Treasurer of Troy Reinvestment Fund.
What is the revenue of Troy Reinvestment Fund?
Troy Reinvestment Fund's revenue in 2022 was $30,409.
Who are the executives of Troy Reinvestment Fund and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Troy Reinvestment Fund?
Troy Reinvestment Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Troy Reinvestment Fund
Troy Reinvestment Fund, a nonprofit organization, is committed to enhancing the economic vitality and improving the social welfare of its citizens. To achieve this mission, the fund facilitates various activities through investments in projects. These projects are primarily focused on three areas: firstly, community real estate projects; secondly, encouraging the establishment of new businesses in the city; and lastly, supporting the retention and expansion of existing businesses. By engaging in these activities, Troy Reinvestment Fund aims to contribute positively to the economic growth and well-being of the community.
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Impact
August, 2024
The Troy Reinvestment Fund plays a crucial role in bolstering the economic vitality and social welfare of the citizens of Troy, Ohio. By providing financial support through loans, gap financing, loan guarantees, direct equity investments, and other methods, this organization actively facilitates community real estate projects, encourages the establishment of new businesses in Troy, and supports the retention and expansion of existing businesses within the city. Through these efforts, the Troy Reinvestment Fund contributes directly to the growth and prosperity of Troy, fostering a more vibrant and prosperous community for its residents.
This information is meant to be a general summary of Troy Reinvestment Fund. 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: $30,309
- Gross Receipts: $30,409
Assets and Liabilities:
- Total Assets: $1,029,926
- Total Liabilities: $0
- Net Assets: $1,029,926
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Organization Details
Founding Year
2019
Principal Officer
Mike Twiss
Main Address
210 S MARKET ST SUITE B, TROY, OH, 45373
NTEE Category
Code: S30 - Community improvement
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