EIN 06-1549006

Waterbury Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
13
Year formed
2004
Most recent tax filings
2022-06-01
Description
To stimulate and support economic and housing Development within the communities of the city of Waterbury. To stimulate and support the community and economic Development within the city of Waterbury. Long range planning for economic Development.
Total revenues
$2,421,027
2022
Total expenses
$2,694,678
2022
Total assets
$8,604,069
2022
Num. employees
13
2022

Program areas at Waterbury Development Corporation

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

Who funds Waterbury Development Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Harold Webster Smith FoundationGreater Waterbury Community Land Bank$24,682
Federal funding details
Federal agencyProgram nameAmount
Department of Housing and Urban DevelopmentCOMMUNITY DEVELOPMENT BLOCK GRANTS/ENTITLEMENT GRANTS$1,357,292
Department of Housing and Urban DevelopmentHOME INVESTMENT PARTNERSHIPS PROGRAM$384,861
Environmental Protection AgencyBROWNFIELDS ASSESSMENT AND CLEANUP COOPERATIVE AGREEMENTS$99,279
...and 1 more federal grant or contract

Personnel at Waterbury Development Corporation

NameTitleCompensation
Jim NealonChief Financial Officer$55,354
Ronald CassellaVice President of Operations and Construction
Thomas HydeInterim Director
Cpe Kenneth RussoSenior Project Manager
David CoteCivil Engineer, Project Manager
...and 11 more key personnel

Financials for Waterbury Development Corporation

RevenuesFYE 06/2022
Total grants, contributions, etc.$2,103,602
Program services$95,007
Investment income and dividends$3,244
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$2,421,027

Form 990s for Waterbury Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2022-062023-04-04990View PDF
2020-062021-04-12990View PDF
2019-062020-11-20990View PDF
2018-062019-08-05990View PDF
2017-062018-05-14990View PDF
...and 7 more Form 990s
Data update history
June 25, 2023
Updated personnel
Identified 3 new personnel
June 16, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 14, 2023
Updated personnel
Identified 4 new personnel
June 10, 2023
Used new vendors
Identified 2 new vendors, including , and
May 22, 2023
Received grants
Identified 1 new grant, including a grant for $10,000 from Harold Webster Smith Foundation
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government fundingManagement and technical assistanceTax deductible donations
General information
Address
83 Bank St 3rd FL
Waterbury, CT 06702
Metro area
New Haven-Milford, CT
County
New Haven County, 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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