Waterbury Development Corporation

WATERBURY, CT EIN: 06-1549006 Website

TO STIMULATE AND SUPPORT ECONOMIC AND HOUSING DEVELOPMENT WITHIN THE COMMUNITIES OF THE CITY OF WATERBURY.

Financial Overview

From 2024 IRS Form 990-PF

Total Assets

$8.1M

-0.7% YoY

Annual Giving

Grant Count

0

Avg Grant Size

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$1M$3M$4M$5M20202021202220232024
Metric202420232022
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

$0$18K$35K$53K$70K0 grants20201 grants20211 grants20220 grants20230 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 0 recipients in 2024

Grant Size Distribution

2 grants across all recorded years

1<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Who else does Waterbury Development Corporation fund?

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Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

RONALD CASSELLAVP OF OPERATIONS$171KTHOMAS FAVAZZOPROJECT MANAGER$115KJAMES NEALONCFO$87K

From 2024 filing

NameTitleHoursCompensation
CATHERINE AWWADCHAIRMAN0.5
JOSEPH R MCGRATHVICE CHAIRMAN0.5
WILLIAM RYBCZYKTREASURER0.5
LYNN G WARDSECRETARY0.5
ROBERT BURNSBOARD MEMBER0.5
ARTHUR DENZEBOARD MEMBER0.5
JOSEPH DORSOBOARD MEMBER0.5
DOMENIC GIGLIOBOARD MEMBER0.5
MATT BYRNEBOARD MEMBER0.5
JACK TRAVER JRBOARD MEMBER0.5
MICHAEL CERVELLINOBOARD MEMBER0.5
MARY ROSENGRANT-CHIAPPALONEBOARD MEMBER0.5
KENNETH COOKBOARD MEMBER0.5
STEPHEN A DOHONEYBOARD MEMBER0.5
WILLIAM PALOMBABOARD MEMBER0.5
SUSAN SPRANOBOARD MEMBER0.5
GEORGE TIARDO JRBOARD MEMBER0.5
RUBEN RODRIGUEZBOARD MEMBER0.5
CARMEN ROMEOBOARD MEMBER0.5
DAVID LEPOREBOARD MEMBER0.5
MICHAEL DIGIOVANCARLOBOARD MEMBER0.5
JAMES NEALONCFO37.5$87,482
THOMAS HYDEEXECUTIVE DIRECTOR37.5
RONALD CASSELLAVP OF OPERATIONS37.5$170,899
THOMAS FAVAZZOPROJECT MANAGER37.5$115,209

Geographic Focus

Where this funder has awarded grants

Grant Distribution by State

1states

States

Cities

Waterbury

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

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