NonprofitsWaterbury Development Corporation

Community Improvement & Capacity Building

Waterbury Development Corporation

WATERBURY, CT

Total revenue

$3.3M

Total expenses

$3.5M

Net assets

$1.0M

Grants received

$991K

4 grants

EIN

061549006

Tax year

2023

Mission

Long range planning for economic development

Financials

FY 2023

Revenue

Contributions & grants$2.6M
Program service revenue$377K
Investment income$159K
Other revenue$219K
Total revenue$3.3M

Expenses

Grants paid
Salaries & benefits$1.5M
Fundraising
Other expenses$2.0M
Total expenses$3.5M
Total assets$8.1M
Net assets$1.0M

People

25 listed

NameRoleCompensation

JAMES NEALON

CFO

Board

$87K

37.5 hrs/wk

LYNN G WARD

SECRETARY

Board

0.5 hrs/wk

ROBERT BURNS

BOARD MEMBER

Board

0.5 hrs/wk

ARTHUR DENZE

BOARD MEMBER

Board

0.5 hrs/wk

JOSEPH DORSO

BOARD MEMBER

Board

0.5 hrs/wk

DOMENIC GIGLIO

BOARD MEMBER

Board

0.5 hrs/wk

MATT BYRNE

BOARD MEMBER

Board

0.5 hrs/wk

JACK TRAVER JR

BOARD MEMBER

Board

0.5 hrs/wk

MICHAEL CERVELLINO

BOARD MEMBER

Board

0.5 hrs/wk

MARY ROSENGRANT-CHIAPPALONE

BOARD MEMBER

Board

0.5 hrs/wk

CATHERINE AWWAD

CHAIRMAN

Board

0.5 hrs/wk

STEPHEN A DOHONEY

BOARD MEMBER

Board

0.5 hrs/wk

WILLIAM PALOMBA

BOARD MEMBER

Board

0.5 hrs/wk

SUSAN SPRANO

BOARD MEMBER

Board

0.5 hrs/wk

GEORGE TIARDO JR

BOARD MEMBER

Board

0.5 hrs/wk

RUBEN RODRIGUEZ

BOARD MEMBER

Board

0.5 hrs/wk

CARMEN ROMEO

BOARD MEMBER

Board

0.5 hrs/wk

DAVID LEPORE

BOARD MEMBER

Board

0.5 hrs/wk

MICHAEL DIGIOVANCARLO

BOARD MEMBER

Board

0.5 hrs/wk

THOMAS HYDE

EXECUTIVE DIRECTOR

Board

37.5 hrs/wk

KENNETH COOK

BOARD MEMBER

Board

0.5 hrs/wk

JOSEPH R MCGRATH

VICE CHAIRMAN

Board

0.5 hrs/wk

WILLIAM RYBCZYK

TREASURER

Board

0.5 hrs/wk

RONALD CASSELLA

VP OF OPERATIONS

Staff

$171K

37.5 hrs/wk

THOMAS FAVAZZO

PROJECT MANAGER

Staff

$115K

37.5 hrs/wk

Grants received

Showing 4 of 4

FromAmountPurposeYear
$287K
ESTIMATED PAYROLL/BENEFITS EXPENSES 1.1.23 TO 3.31.23;REIMBURSEMENT FOR EXPENSES PAID FOR WATERBURY PROMISE
2022
$25K
GREATER WATERBURY COMMUNITY LAND BANK
2022
$20K
GREATER WATERBURY COMMUNITY LAND BANK
2020

Funded by

$991K from 2 funders · 4 grants · 2020–2024

The Connecticut Community Foundation

$947K · 2 grants · 2022–2024

Harold Webster Smith Foundation Inc

$45K · 2 grants · 2020–2022

Details

EIN061549006
NTEE codeS30
Subsection03
Ruling date2000-04
Formed2004
Employees12
Volunteers0
WATERBURY DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo