WATERBURY DEVELOPMENT CORPORATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$4,665,443
Government Grants
83%
Program Services
9%
Other
5%
Investments
4%
Contributions
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$4,792,526
Other
55%
Salaries & Benefits
35%
Offices, Occupancy & IT
8%
Fees to Service Providers
1%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2024
2025
Change
Contributions
$0
$0
-
Government Grants
$2,571,186
$3,856,870
+50%
Fundraising Events
$0
$0
-
Program Services
$376,554
$420,665
+12%
Membership Dues
$0
$0
-
Investments
$158,828
$168,734
+6%
Other
$219,174
$219,174
+0%
Total Revenues
$3,325,742
$4,665,443
+40%
Expenses
2024
2025
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,502,234
$1,690,057
+13%
Fees to Service Providers
$64,830
$61,556
-5%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$383,537
$380,938
-1%
Interest
$0
$0
-
Depreciation
$12,892
$14,076
+9%
Other
$1,559,553
$2,645,899
+70%
Total Expenses
$3,523,046
$4,792,526
+36%
Net income
2024
2025
Change
Net income
-$197,304
-$127,083
+36%
Functional Expenses
Summary
2024
2025
Change
Program
$3,304,199
$4,547,232
+38%
Admin
$218,847
$245,294
+12%
Fundraising
$0
$0
-
Total Expenses
$3,523,046
$4,792,526
+36%
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