Overview

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Est.

2004

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

WATERBURY DEVELOPMENT CORPORATION is a community improvement and economic development nonprofit focused on long-range planning for economic development. For filing year 2025, it reported an operating budget of $4.8M and total revenue of $4.7M, with major support from THE CONNECTICUT COMMUNITY FOUNDATION, WESTERN CONNECTICUT AREA AGENCY ON AGING INC, and HAROLD WEBSTER SMITH FOUNDATION INC.

Mission Statement

LONG RANGE PLANNING FOR ECONOMIC DEVELOPMENT
Revenues
$4.7M
Expenses
$4.8M
Net Income:
-$127.1K
Assets
$8.4M
Liabilities
$7.5M
Net Assets:
+$890.3K
Operating Budget
$4.8M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$659.4K
Largest grant received
$659.4K
J
James Nealon
Board Member
C
Catherine Awwad
Board Member
W
William Rybczyk
Board Member
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  • 3 funders
  • 69 board & team members
  • 12 historic 990s & financials
  • 6-year operating budget trend
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Frequently Asked Questions

What is WATERBURY DEVELOPMENT CORPORATION’s budget?
In 2025, WATERBURY DEVELOPMENT CORPORATION reported an annual operating budget of around $4.8 million. More detailed financial information is available to registered users.
What causes does WATERBURY DEVELOPMENT CORPORATION support?
WATERBURY DEVELOPMENT CORPORATION supports work in Community improvement and Economic development.
Where does WATERBURY DEVELOPMENT CORPORATION operate?
WATERBURY DEVELOPMENT CORPORATION is headquartered in Waterbury, CT.
Who funded WATERBURY DEVELOPMENT CORPORATION recently?
In 2024, WATERBURY DEVELOPMENT CORPORATION received grants from THE CONNECTICUT COMMUNITY FOUNDATION, THE CONNECTICUT COMMUNITY FOUNDATION, and HAROLD WEBSTER SMITH FOUNDATION INC. More information on this organization’s funders is available to registered users.
What is the largest grant WATERBURY DEVELOPMENT CORPORATION received in 2024?
The largest grant to WATERBURY DEVELOPMENT CORPORATION in 2024 exceeds $659 thousand.
What is WATERBURY DEVELOPMENT CORPORATION’s reliance on government grants?
WATERBURY DEVELOPMENT CORPORATION relied on government grants for more than 80% of their total revenue in 2025.