Waterbury Development Corporation
TO STIMULATE AND SUPPORT ECONOMIC AND HOUSING DEVELOPMENT WITHIN THE COMMUNITIES OF THE CITY OF WATERBURY.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8.1M
-0.7% YoY
Revenue
$3.3M
-10.9% YoY
Net Investment Income
$159K
+175.4% YoY
Expenses
$3.5M
-7.5% YoY
About Waterbury Development Corporation
Based on IRS filings
Waterbury Development Corporation is a nonprofit organization focused on Community Improvement & Capacity Building, based in WATERBURY, CT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $8.1M in total assets. Net investment income was $159K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $8,089,974 | $8,144,248 | $8,604,069 |
| Revenue | $3,325,742 | $3,731,866 | $2,421,027 |
| Expenses | $3,523,046 | $3,808,209 | $2,694,678 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $158,828 | $57,678 | $3,244 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CATHERINE AWWAD | CHAIRMAN | 0.5 | — |
| JOSEPH R MCGRATH | VICE CHAIRMAN | 0.5 | — |
| WILLIAM RYBCZYK | TREASURER | 0.5 | — |
| LYNN G WARD | SECRETARY | 0.5 | — |
| ROBERT BURNS | BOARD MEMBER | 0.5 | — |
| ARTHUR DENZE | BOARD MEMBER | 0.5 | — |
| JOSEPH DORSO | BOARD MEMBER | 0.5 | — |
| DOMENIC GIGLIO | BOARD MEMBER | 0.5 | — |
| MATT BYRNE | BOARD MEMBER | 0.5 | — |
| JACK TRAVER JR | BOARD MEMBER | 0.5 | — |
| MICHAEL CERVELLINO | BOARD MEMBER | 0.5 | — |
| MARY ROSENGRANT-CHIAPPALONE | BOARD MEMBER | 0.5 | — |
| KENNETH COOK | BOARD MEMBER | 0.5 | — |
| STEPHEN A DOHONEY | BOARD MEMBER | 0.5 | — |
| WILLIAM PALOMBA | BOARD MEMBER | 0.5 | — |
| SUSAN SPRANO | BOARD MEMBER | 0.5 | — |
| GEORGE TIARDO JR | BOARD MEMBER | 0.5 | — |
| RUBEN RODRIGUEZ | BOARD MEMBER | 0.5 | — |
| CARMEN ROMEO | BOARD MEMBER | 0.5 | — |
| DAVID LEPORE | BOARD MEMBER | 0.5 | — |
| MICHAEL DIGIOVANCARLO | BOARD MEMBER | 0.5 | — |
| JAMES NEALON | CFO | 37.5 | $87,482 |
| THOMAS HYDE | EXECUTIVE DIRECTOR | 37.5 | — |
| RONALD CASSELLA | VP OF OPERATIONS | 37.5 | $170,899 |
| THOMAS FAVAZZO | PROJECT MANAGER | 37.5 | $115,209 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Waterbury Development Corporation?
Waterbury Development Corporation is a nonprofit organization focused on Community Improvement & Capacity Building, based in WATERBURY, CT. It holds $8.1M in total assets as of 2024.
How large is Waterbury Development Corporation?
As of 2024, Waterbury Development Corporation holds $8.1M in total assets with $3.3M in annual revenue.
Where does Waterbury Development Corporation operate?
Waterbury Development Corporation has awarded grants in Connecticut.
What is Waterbury Development Corporation's EIN?
Waterbury Development Corporation's EIN (Employer Identification Number) is 06-1549006. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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