Waterbury Development Corporation

Community development organization based in Waterbury, CT. 16 employees. Exempt under §501(c)(3).

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

EIN
06-1549006
State
CT
Sector
Community development
Budget band
$2.5M–$5M
Latest filing
TY 2024
Records
4 officers · 4 years

Financial snapshot · TY 2024

$4.7M
Total revenue
$4.8M
Total expenses
$8.4M
Net assets

Financial health · TY 2024

52
Moderate financial health
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
12
2.2 months of expenses
Program efficiency
100
94.9% spent on programs
Revenue diversity
33
Mix of program fees, grants & contributions

Leadership compensation

Ronald Cassella
VP OF OPERATIONS
$181,076
75th percentile vs. peers
Thomas Hyde
FORMER EXECUTIVE DIRECTOR
$179,163
58th percentile vs. peers
Thomas Favazzo
PROJECT MANAGER
$122,497
25th percentile vs. peers
$90,389
18th percentile vs. peers

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Waterbury Development Corporation Executive Compensation | 990 Data | DoubleNine