Form 990 for tax year 2024
Filed by WATERBURY DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $4,665,443
- Total expenses
- $4,792,526
- Contributions and grants received
- $3,856,870
- Grants paid
- $0
- Program services expenses (Part IX)
- $4,547,232
- Management and general expenses
- $245,294
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,547,232
Program services were 94.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
CATHERINE AWWAD
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
LYNN G WARD
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
WILLIAM RYBCZYK
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
JOSEPH R MCGRATH
VICE- CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.5
-
JOSEPH DORSO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
SUSAN SPRANO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
MICHAEL DIGIOVANCARLO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
WILLIAM PALOMBA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
MARY M ROSENGRANT-CHIAPPALONE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
ROBERT BURNS DIRECTOR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
STEPHEN A DOHONEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
ARTHUR DENZE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
DOMENIC GIGLIO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
RUBEN RODRIGUEZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
JACK TRAVER JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
KENNETH COOK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
DAVID LEPORE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
MATT BYRNE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
GEORGE TIRADO JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
CARMEN ROMEO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
JAMES NARDOZZI
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 37.5
-
JAMES NEALON
CFO
- Total calculated
- $90,389
- From this org
- $90,389
- From related orgs
- $0
- Other
- $0
- Hours/week
- 37.5
-
THOMAS HYDE
FORMER EXECUTIVE DIRECTOR
- Total calculated
- $179,163
- From this org
- $179,163
- From related orgs
- $0
- Other
- $0
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $179,163
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $179,163
-
RONALD CASSELLA
VP OF OPERATIONS
- Total calculated
- $181,076
- From this org
- $181,076
- From related orgs
- $0
- Other
- $0
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $181,076
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $181,076
-
THOMAS FAVAZZO
PROJECT MANAGER
- Total calculated
- $122,497
- From this org
- $122,497
- From related orgs
- $0
- Other
- $0
- Hours/week
- 37.5
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · DEMOLITION OF ANAMET INC. INDUSTRIAL FACILITY AND REMEDIATION OF PROPERTY · CT · controlled entity
Directly controlled by WATERBURY DEVELOPMENT CORPORATION
-
NAUGATUCK VALLEY REGIONAL DEVELOPMENT CORPORATION
501(C)(4) · TO ADVANCE THE INTEREST OF CITY OF WATERBURY AND THE SURROUNDING COMMUNITIES · CT
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 9 December 2025
- IRS schema version
- 2024v5.2
- Source object
- 202600379349301100
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.