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EIN 06-1549006

Waterbury Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
13
City
Waterbury
State
Connecticut
Year formed
2004
Most recent tax filings
2023-06-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
Waterbury Development Corporation spearheads revitalization efforts in the City of Waterbury by stimulating and supporting economic development. This designated non-profit organization fosters collaboration between the public and private sectors to enhance community well-being. It promotes educational investments, rehabilitates housing stock, addresses urban blight, manages construction projects, and improves overall quality of life for residents and businesses.
Total revenues
$3,731,866
2023
Total expenses
$3,808,209
2023
Total assets
$8,144,248
2023
Num. employees
13
2023

Program areas at Waterbury Development Corporation

To stimulate and support economic and housing Development within the communities of the city of Waterbury.

Personnel at Waterbury Development Corporation

NameTitleCompensation
James NealonChief Financial Officer$71,873
Ronald CassellaVice President of Operations and Construction$144,696
Thomas HydeInterim Director
Kenneth RussoSenior Project Manager
Mansi DoshiCivil and Environmental Engineer , Project Manager
...and 14 more key personnel

Financials for Waterbury Development Corporation

RevenuesFYE 06/2023
Total grants, contributions, etc.$3,120,422
Program services$334,592
Investment income and dividends$57,678
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$219,174
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$3,731,866

Form 990s for Waterbury Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-02-23990View PDF
2022-062023-04-04990View PDF
2021-062022-04-04990View PDF
2020-062021-04-12990View PDF
2019-062020-11-20990View PDF
...and 9 more Form 990s
Data update history
September 11, 2024
Updated personnel
Identified 1 new personnel
September 3, 2024
Updated personnel
Identified 9 new personnel
May 28, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 21, 2024
Updated personnel
Identified 7 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
83 Bank St 3rd FL
Waterbury, CT 06702
Metro area
New Haven-Milford, CT
County
Naugatuck Valley Planning Region, CT
Website URL
wdconline.org/ 
IRS details
EIN
06-1549006
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2004
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Central organization
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