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TROY REHABILITATION AND IMPROVEMENT PROGRAM INC
TROY, NY · EIN 141503655 · Form 990 · FY2024 · NTEE L250 · Housing & Shelter · Medium ($1M-$10M) · triponline.org
revenue
$3.5M
expenses
$3.9M
net assets
$3.3M
employees
37
volunteers
40
program ratio
83%
mission · from form 990

CONNECT INDIVIDUALS AND FAMILIES WITH RESOURCES AND KNOWLEDGE TO LIVE IN DESIRABLE HOMES AND CREATE VIBRANT SUSTAINABLE COMMUNITIES

profile · synthesized from sources

Troy Rehabilitation and Improvement Program (TRIP) is a nonprofit organization based in Troy, NY that promotes affordable homeownership and housing stability through counseling, down payment assistance, and home repair programs. It serves low- to moderate-income individuals and families in Troy and Rensselaer County by providing pre- and post-purchase homeownership counseling, foreclosure prevention, and rehabilitation grants. TRIP also administers community investment initiatives funded by ARPA and local government to improve housing conditions and neighborhood vitality.

irs program accomplishments · form 990 part iii · fy2019

What they reported doing

  1. #1 primary $519K
    HOME OWNERSHIP COUNSELING: AS A HUD-APPROVED COUNSELING AGENCY, WE PROVIDE PRE-PURCHASE AND POST-PURCHASE COUNSELING TO ASSIST LOW INCOME FAMILIES ACHIEVE HOME OWNERSHIP. AS PART OF OUR POST-PURCHASE COUNSELING WE ALSO PROVIDE FORECLOSURE PREVENTION AND ASSISTANCE TO FAMILIES.
named programs · 7 · from sources

What they call their work

HomeOwner Repair Program
Assistance program for health, safety, and code-compliance repairs (e.g., roof, plumbing, heating systems) up to $10,000 for low-income homeowners in Rensselaer County, funded by NYS HCR
HomeOwnership Counseling
Hud-approved pre-purchase and post-purchase counseling including down payment assistance, foreclosure prevention, and financial readiness for low-income first-time homebuyers
Homebuyer DREAM Program (HDP)
Competitive grant program offering up to $9,500 to first-time homebuyers through participating lenders, funded by the Federal Home Loan Bank of New York
Homebuyer Incentive Program (HIP)
Federal HOME-funded program administered by TRIP that provides up to $30,000 in down payment and closing cost assistance to income-eligible first-time homebuyers in Troy
RCHR Mini-Repair Program
Free labor program for minor home repairs (e.g., porch/stair repair, handrails, plumbing fixes) for eligible low-income, elderly, or disabled homeowners in Rensselaer County; homeowner pays for materials
Troy Community Asset Investment Program
Citywide matching grant program for owner-occupied homes in Troy offering support for exterior repairs, painting, and public space improvements based on income-level match requirements
Troy NOW Community Investment Program
ARPA-funded initiative focused on stabilizing and revitalizing the Lansingburgh neighborhood in Troy through matching grants for front-facing home repairs and targeted improvements to increase property quality and neighborhood trajectory
activities · 7 groups

What they do

  • First-Time Homebuyer Support Services 4 activities
    • Administering down payment and closing cost assistance programs
      Administers federal HOME funds and the Homebuyer DREAM Program to provide down payment and closing cost grants of up to $30,000 for income-eligible first-time homebuyers in Troy. Funds are distributed directly or through participating local lenders.
    • Operating a Home Ownership Center with online services
      Runs a physical and online Home Ownership Center in Troy offering homebuyer education, financial counseling, grant assistance, and training programs. All services are accessible online through the Compass Portal on triponline.org.
    • Providing foreclosure prevention and housing stability counseling
      Offers free foreclosure prevention counseling and financial hardship support to homeowners and renters, funded by the NYS Attorney General’s HOPP Funds. Assists individuals facing income loss or housing instability with resources and action plans.
    • Providing homeownership counseling and education
      Offers HUD-approved pre-purchase and post-purchase homeownership counseling, including mortgage readiness assessments, financial coaching, and assistance with mortgage qualification. Conducts First Time HomeBuyer Orientation workshops and a six-hour HomeBuyer Education course covering mortgage products, homebuying costs, and the roles of professionals, culminating in a Certificate of Completion.
  • Financial Coaching and Credit Counseling 1 activity
    • Delivering financial literacy and credit counseling
      Provides SpendSmart Financial Literacy Workshops and one-on-one financial coaching to help individuals set financial goals, create spending plans, reduce debt, and improve credit. Services are available online and in person to those at or below 30% of Area Median Income.
  • Affordable Home Construction & Rehabilitation 1 activity
    • Developing and rehabilitating affordable housing units
      Develops new construction and rehabilitates existing properties to expand affordable housing stock in Troy. Completed eight new buildings with 51 units, including accessible units for people with disabilities, and implemented exterior and interior improvements in Lansingburgh using ARPA and other funding.
  • Community-Engaged Public Art Projects 1 activity
    • Facilitating community engagement and public art projects
      Conducts community interviews, workshops, and performances to explore themes of home and belonging, particularly in the Hillside North neighborhood. Culminated in a community art exhibit and original play performance in 2023 and 2024, employing local artists through grant funding.
  • Professional Training for Real Estate and Building Practitioners 1 activity
    • Offering home maintenance and landlord training
      Provides an eight-week, hands-on Home Maintenance Training program twice annually to teach home repair skills at no cost. Offers Landlord Training workshops covering tenant screening, housing codes, eviction processes, and lead safety.
  • Affordable Housing Development and Management 1 activity
    • Operating affordable rental housing programs
      Manages over 200 affordable housing units across multiple neighborhoods in Troy, including scattered-site apartments in historic buildings and clustered developments in Hillside North. Units are offered with rental subsidies for low- and moderate-income individuals and families, with rents often based on income.
  • Tenant Legal Advocacy & Support Services 1 activity
    • Providing tenant support and resident services
      Offers a 24-hour emergency repair hotline, monitored drop boxes for rent payments, and online rent payment via tenant portal. Conducts a Resident Services Demonstration Project to improve tenant satisfaction, income, credit, and community engagement.
financials · form 990 · fy2024
revenue
Total revenue$3.54M
Contributions & grants$1.61M46%
Program service revenue$1.83M52%
Investment income$00%
Other revenue$91K
expenses
Total expenses$3.86M
Program expenses83%
Admin / overhead14%
Fundraising3%
Salaries & benefits$2.12M
Grants paid out$14K
Largest expense lineCompensation
balance sheet
Total assets$4.72M
Cash$183K
Investments$0
Liabilities$1.42M
Net assets$3.30M
Liquid reserves0.6 mo
6 years on record · 2019–2024 · YoY revenue -5.8%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 2
NameTitleHours/wkCompensation
NOAH BAUM PRESIDENT & CEO 40 $105K
ERIC BARAL CFO/COO 40 $94K
board members · 9
  • AMANDA WILD — DIRECTOR
  • DAVE WARREN — SECRETARY
  • DAVID VENER — DIRECTOR
  • ELBERT L WATSON — CHAIR
  • JOE DURKIN — TREASURER
  • MELISSA BROMLEY — DIRECTOR
  • SUSAN MOYLE LYNCH — DIRECTOR
  • TYSHA TYSON-LABOY — VICE CHAIR
  • YVONNE DREW — IMMEDIATE PAST CHAIR
relationships · 32

Who they work with

  • Albany Community Development Agency Partner — TRIP's homebuyer education program meets the City of Albany HAP homebuyer education criteria.
  • Albany County Rural Housing Alliance Partner — TRIP's homebuyer education program meets ACRHA's criteria for down payment assistance eligibility.
  • Capital Communications Federal Credit Union Partner — Participating lender in the Homebuyer DREAM Program, distributing grants to eligible applicants.
  • City of Schenectady Partner — TRIP's homebuyer education program meets the City of Schenectady H.O.M.E.S. program homebuyer education criteria.
  • City of Troy Government — Partner in administering the Troy Community Investment Program through the TROY NOW Initiative using ARPA funds.
  • Community Resource Federal Credit Union Partner — Participating lender in the Homebuyer DREAM Program, distributing grants to eligible applicants.
  • Creatives Rebuild NY Funder — Provided an Artist Employment Program grant to fund the employment of two artists within TRIP, Inc.
  • Federal Home Loan Bank of New York Partner — Created and regulates the Homebuyer DREAM Program, which TRIP implements locally.
  • First New York FCU Partner — Participating lender in the Homebuyer DREAM Program, distributing grants to eligible applicants.
  • Framework Partner — Partners with Framework to offer an accelerated HomeBuyer Education option.
  • Housing and Urban Development (HUD) Government — Certified HUD Housing Counseling Agency with HUD-certified housing counselors.
  • M&T Bank Partner — Participating lender in the Homebuyer DREAM Program, distributing grants to eligible applicants.
  • NBT Bank Partner — Participating lender in the Homebuyer DREAM Program, distributing grants to eligible applicants.
  • NYHousingSearch.gov Partner — Partner platform for listing and managing applications for affordable housing units.
  • NYS Association of REALTORS® Housing Opportunities Foundation Partner — TRIP's homebuyer education program supports eligibility for NYSAR Housing Opportunities Foundation grants.
  • NYS Attorney General Government — Provides funding through HOPP Funds for foreclosure prevention counseling services.
  • NeighborWorks America Network — Member of the national NeighborWorks network, a Congressionally funded network supported by NeighborWorks America.
  • New York Division of Human Rights Government — Follows regulations from the New York Division of Human Rights regarding notice of tenants’ rights to reasonable accommodations and modifications for disabilities.
  • Oakwood Community Center Partner — Partnered to conduct community interviews, lead workshops, and facilitate community conversations in the Hillside North neighborhood of Troy.
  • RCHR Partner — Collaborates with RCHR on housing initiatives under the TRIP & RCHR partnership.
  • Rensselaer County Housing Resources Partner — Collaborates on home repair programming, including administering the Mini-Repair Program and HomeOwner Repair Program.
  • SEFCU Partner — Participating lender in the Homebuyer DREAM Program, distributing grants to eligible applicants.
  • Saratoga National Bank / Glens Falls National Bank Partner — Participating lender in the Homebuyer DREAM Program, distributing grants to eligible applicants.
  • State of New York Mortgage Agency Partner — TRIP's homebuyer education program meets SONYMA's criteria for down payment assistance eligibility.
  • Sunmark Federal Credit Union Partner — Participating lender in the Homebuyer DREAM Program, distributing grants to eligible applicants.
  • TRIP & RCHR Partner — Co-branded rental program offering housing opportunities in Troy.
  • TRIP & RCHR Partner — Co-branded website for rent payment services.
  • Town of Colonie Partner — TRIP's homebuyer education program meets the Town of Colonie's homebuyer education criteria for its down payment program.
  • Troy Savings Bank Charitable Foundation Funder — Funded the 2021 CZB consultants study that informed the selection of Lansingburgh as a target area for investment.
  • U.S. Department of Housing and Urban Development Government — HUD-approved counseling agency providing federally recognized homeownership and foreclosure prevention services.
+ 2 more
strategies · 4

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Housing with Resident-Centered Support Services
    methodology: resident_services_with_housing
    By providing housing alongside financial coaching and community integration services, the organization fosters long-term stability because housing alone is insufficient—economic resilience, social connection, and policy responsiveness are necessary to build secure and engaged communities.
  • Income-Targeted and Shared-Investment Homeownership Model
    methodology: sliding-scale_matching_grant
    By targeting down payment assistance to low-income first-time homebuyers and requiring sliding-scale matching grants based on income, the organization increases accessibility to homeownership while promoting shared financial investment, because aligning support with capacity to pay ensures affordability without disincentivizing personal commitment.
  • Integrated Homeownership Counseling and Education
    methodology: integrated-counseling
    By combining mandatory homebuyer education with personalized, one-on-one counseling and financial coaching, the organization promotes informed and sustainable homeownership because tailored support addresses individual financial barriers while group workshops build foundational knowledge and accountability.
  • Strategic Neighborhood Stabilization through Targeted Investment
    methodology: middle-market_neighborhood_stabilization
    By focusing affordable housing development and rental subsidies in middle-market neighborhoods at risk of decline, the organization prevents disinvestment and catalyzes revitalization because targeted interventions in vulnerable but viable areas create ripple effects that stabilize entire communities.