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Waterbury Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 061549006 ✦ Waterbury, CT ✦ Designated as a 501(c)(3)

Overview

What is Waterbury Development Corporation?

Waterbury Development Corporation, located at 83 Bank Street 3rd FL, Waterbury, CT 06702, serves as a vital catalyst for economic and housing development within the city of Waterbury. Their primary goal is to stimulate and support growth in these sectors within their community. Their long-term planning for economic development involves strategic strategies to foster a thriving environment. With 13 dedicated employees, Waterbury Development Corporation is committed to contributing positively to the city's socio-economic landscape.


Official website here: www.wdconline.org

Is Waterbury Development Corporation legitimate?

Waterbury Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waterbury Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $782,479

For more financial information, click here


Official website here: www.wdconline.org

What is the mission statement of Waterbury Development Corporation?

The Waterbury Development Corporation's mission is centered around stimulating and supporting economic and housing development within various communities. Their primary objective is to foster growth and improvement in these areas, contributing to the overall development of the communities they serve.


Official website here: www.wdconline.org

Who is the CEO of Waterbury Development Corporation?

Catherine Awwad is the Chairman of Waterbury Development Corporation.


Official website here: www.wdconline.org

What is the revenue of Waterbury Development Corporation?

Waterbury Development Corporation's revenue in 2022 was $2,421,027.


Official website here: www.wdconline.org

Who are the executives of Waterbury Development Corporation and what are their salaries?

The average compensation at Waterbury Development Corporation during 2022 was $60,191. There are 13 employees and 16 volunteers at Waterbury Development Corporation.

Here are 17 key members and their salaries:

    Jim Nealon (Chief Financial Officer)
  • Compensation: $55,354
  • Related: $0
  • Other: $0

    • Catherine Awwad (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph R Mcgrath (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William Rybczyk (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lynn G Ward (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Burns (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Arthur Denze (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph Dorso (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Domenic Giglio (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael L O'Connor (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paul K Pernerewski Jr (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jack Traver Jr (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ginne-Ray Clay (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William Pizzuto (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mary Rosengrant-Chiappalone (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William Palomba (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Cervellino (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.wdconline.org

    Where can I find the form 990 for Waterbury Development Corporation?

    The Waterbury Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.wdconline.org

    Learn more at the official website: www.wdconline.org

    Mission Statement of Waterbury Development Corporation

    Waterbury Development Corporation, a nonprofit organization, is dedicated to driving and fostering economic and housing development within its communities. Its core mission is to stimulate growth and provide support in these areas, aiming to improve the overall well-being of the communities it serves. By focusing on economic and housing development, the corporation aims to contribute positively to the local economy and living standards, ultimately enhancing the quality of life for its community members.

    Impact

    This information is meant to be a general summary of Waterbury Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Waterbury Development Corporation plays a significant role in stimulating and supporting economic and housing development within the communities of the city of Waterbury. Through its long-range planning initiatives, the organization seeks to enhance the economic landscape of the city, promote community improvement, and create opportunities for growth and prosperity. Its impact can be seen in the revitalization of neighborhoods, the creation of job opportunities, and the overall enhancement of the quality of life for residents in Waterbury.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,244
  • Program Service Revenue: $95,007
  • Gross Receipts: $2,421,027

    • Assets and Liabilities:
  • Total Assets: $8,604,069
  • Total Liabilities: $7,313,068
  • Net Assets: $1,291,001
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PROGRAM REVENUE

    Revenue

    $62,635

    WATERBURY PROMISE

    Revenue

    $32,372

    Organization Details

    Founding Year

    2004

    Principal Officer

    Catherine Awwad

    Main Address

    83 BANK STREET 3RD FL, WATERBURY, CT, 06702

    NTEE Category

    Code: S30 - Community improvement

    If you are a representative of Waterbury Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.