Overview

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Est.

2004

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

The Waterbury Development Corporation focuses on economic development and community improvement, with a mission centered on long-range planning for economic development. With an operating budget of $4.8 million and total revenue of $4.7 million for the filing year 2025, the organization receives significant support from funders such as THE CONNECTICUT COMMUNITY FOUNDATION and WESTERN CONNECTICUT AREA AGENCY ON AGING INC, neither of which provides more than 50% of its revenue.

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

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.