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 .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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