named programs · 2 · from sources
What they call their work
Acquisition and Disposition Program
Identifies, acquires, and manages vacant and abandoned properties for rehabilitation and resale
Tenant Selection Program
Committee-led process to screen and select qualified buyers or tenants for redeveloped properties
activities · 4 groups
What they do
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Affordable Housing Development and Management 2 activities
- Proactive property maintenance and managementMaintains all properties in its portfolio through snow removal, securing buildings, leasing rental units, and overseeing renovations. Manages multi-unit rental properties at addresses including 834 and 871 River Street in Troy, NY, equipped with standard appliances.
- Property disposition and sale to promote affordable housing and community developmentSells rehabilitated homes and vacant lots to income-qualified owner-occupants, local businesses, and nonprofit developers like Habitat for Humanity, using a structured review process involving the Acquisition & Disposition Committee and Board of Directors. Sales include enforceable terms such as income/rent restrictions and level-of-finish requirements to ensure long-term community benefit.
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Land Bank Property Revitalization 1 activity
- Acquisition and rehabilitation of vacant and abandoned propertiesAcquires vacant, abandoned, tax-delinquent, and underutilized properties in Troy, NY through foreclosure, donation, and purchase; conducts safety and environmental evaluations; and performs stabilization activities including boarding, winterization, debris removal, and cleanout. Rehabilitates salvageable structures for residential or community use.
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Capital Infrastructure Funding 1 activity
- Grantmaking to support property improvementsFunds improvements to properties owned by the Troy Community Land Bank through an administered grant program.
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Home Repair Assistance for Low-Income Households 1 activity
- Home repair program for eligible homeownersOperates a home repair program funded by $500,000 in grant funding from NYS Homes and Community Renewal, providing critical repairs to maintain safe and habitable housing for eligible homeowners. Oversees contractor payments, construction quality, and project execution.
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financials · form 990 · fy2020
revenue
Total revenue$168K
Contributions & grants$394K235%
Program service revenue$7400%
Investment income$760%
Other revenue$-227K
expenses
Total expenses$385K
Program expenses49%
Admin / overhead51%
Fundraising0%
Salaries & benefits$92K
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$1.12M
Cash$5K
Investments$0
Liabilities$759K
Net assets$361K
Liquid reserves0.1 mo
1 years on record · 2020–2020
leadership · form 990 part vii · fy2020
Who runs it
paid leadership · 1
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| ANTHONY TOZZI | EXECUTIVE DIRECTOR | 50 | $78K |
board members · 10
- ANDREW COOPER — BOARD MEMBER
- BRIAN BARKER — BOARD SECRETARY
- HEATHER KING — BOARD CHAIR
- JEANNETTE NICHOLSON — BOARD MEMBER
- JOHN CARMELLO — BOARD MEMBER
- JOHN CUBIT — BOARD MEMBER
- KRYSTINA MARABLE — BOARD MEMBER
- PATRICIA REILLY — BOARD MEMBER
- SHARON NICHOLS — FORMER TREASURER
- SUZANNE SPELLEN — BOARD VICE CHAIR
relationships · 13
Who they work with
- City of Troy Government — Collaborates with city officials to acquire and strategically manage properties for community development.
- City of Troy Government — Collaborates with city officials to identify and redevelop problem properties.
- Frear Park Conservancy Partner — Collaborative relationship through shared board membership and community improvement efforts in Troy.
- GiveLively Funder — Platform through which donations to the Troy Community Land Bank Corporation are processed.
- GiveLively Funder — Platform used for receiving donations to TCLB.
- GiveLively Government — Processes donations for the Troy Community Land Bank through its donation platform.
- Habitat for Humanity Partner — Sold vacant lots to support housing development.
- Historic Albany Foundation Government — Recognition by the foundation indicates an affiliate relationship in the field of historic preservation.
- Hudson Mohawk Industrial Gateway Partner — Board member involvement indicates a collaborative relationship focused on community and industrial heritage preservation in Troy.
- Mount Ida Preservation Association Partner — Leadership and partnership through shared focus on historic preservation and community engagement in Troy.
- NYS Homes and Community Renewal Funder — Primary funder of the Repair Program, having awarded $500,000 in grant funding.
- Troy Community Land Bank-ED Network — Livestreams Acquisition & Disposition Committee and Board of Directors meetings on YouTube.
- TroyNYLandBank Network — Posts upcoming A&D Committee meeting dates on its Facebook page.
strategies · 3
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.
- Community Land Trust Model with Long-Term Affordability Controlsmethodology: community-land-trustBy using a community land trust to retain ownership of land while selling or leasing rehabilitated homes to income-qualified owner-occupants, the organization promotes wealth building and neighborhood stability, because permanent affordability restrictions tied to area median income prevent displacement and ensure sustained integration of low- and moderate-income households.
- Needs-Based Investment Prioritizationmethodology: needs-based-scoringBy prioritizing repair funding and property interventions based on demonstrated need, safety hazards, code violations, and community impact, the organization ensures efficient use of resources and maximizes habitability outcomes, because targeting the most critical deficiencies first improves resident safety and prevents further deterioration of the housing stock.
- Strategic Property Reuse for Community Revitalizationmethodology: strategic-community-revitalizationBy acquiring, rehabilitating, and strategically reusing vacant and abandoned properties, the organization transforms neighborhood liabilities into productive assets that support housing, economic development, and community facilities, because targeted reinvestment stabilizes neighborhoods, increases property values, and strengthens the local tax base.