Totals
- Total revenue
- $288,651
- Total expenses
- $375,936
- Contributions and grants received
- $324,114
- Grants paid
- $12,204
- Program service revenue
- $0
- Investment income
- $1,317
- Other revenue
- -$36,780
- Total assets, end of year
- $1,448,305
- Total liabilities, end of year
- $385,460
- Net assets or fund balances, end of year
- $1,062,845
- Program services expenses (Part IX)
- $158,390
- Management and general expenses
- $214,435
- Fundraising expenses
- $3,111
- Program service expenses (Part III)
- $158,390
Program services were 42.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$100,319
-
1f · All other contributions, gifts and grants
$223,795
-
3 · Investment income
total $1,317 · unrelated business $0 · excluded $1,317
-
6a · Gross rents
real property $27,300
-
6b · Less rental expenses
real property $64,080
-
6c · Rental income or loss
real property -$36,780
-
6d · Net rental income or loss
total -$36,780 · unrelated business -$36,780
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $11,700 · program services $11,700
-
2 · Grants to domestic individuals
total $504 · program services $504
-
5 · Compensation of officers, directors and key employees
total $53,081 · program services $26,541 · management and general $26,540 · fundraising $0
-
7 · Other salaries and wages
total $127,460 · program services $63,730 · management and general $63,730 · fundraising $0
-
10 · Payroll taxes
total $13,614 · program services $9,530 · management and general $4,084 · fundraising $0
-
11a · Fees: management
total $63,416 · program services $31,708 · management and general $31,708 · fundraising $0
-
11c · Fees: accounting
total $1,950 · program services $0 · management and general $1,950 · fundraising $0
-
11g · Fees: other
total $15,968 · program services $0 · management and general $15,968 · fundraising $0
-
12 · Advertising and promotion
total $3,111 · program services $0 · management and general $0 · fundraising $3,111
-
13 · Office expenses
total $57,875 · program services $0 · management and general $57,875 · fundraising $0
-
14 · Information technology
total $4,110 · program services $0 · management and general $4,110 · fundraising $0
-
17 · Travel
total $430 · program services $0 · management and general $430 · fundraising $0
-
19 · Conferences, conventions and meetings
total $2,594 · program services $0 · management and general $2,594 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $3,790 · program services $0 · management and general $3,790 · fundraising $0
-
23 · Insurance
total $2,483 · program services $2,235 · management and general $248 · fundraising $0
-
24a · Other expenses: Marketing / fundraising -
total $3,801 · program services $3,801 · management and general $0 · fundraising $0
-
24b · Other expenses: Business expenses - Telep
total $935 · program services $0 · management and general $935 · fundraising $0
-
24c · Other expenses: Marketing / fundraising -
total $8,489 · program services $8,489 · management and general $0 · fundraising $0
-
24d · Other expenses: PROFESSIONAL DEVELOPMENT
total $304 · program services $152 · management and general $152 · fundraising $0
-
24e · All other expenses
total $321 · program services $0 · management and general $321 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $280,360 · end of year $402,591
-
2 · Savings and temporary cash investments
beginning of year $44,894 · end of year $2,236
-
4 · Accounts receivable
beginning of year $0 · end of year $2,878
-
10a · Land, buildings and equipment: cost or other basis
$1,700,912
-
10b · Land, buildings and equipment: accumulated depreciation
$671,107
-
10c · Land, buildings and equipment, net
beginning of year $892,433 · end of year $1,029,805
-
14 · Intangible assets
beginning of year $5,334 · end of year $4,913
-
15 · Other assets
beginning of year $1,159 · end of year $5,882
-
17 · Accounts payable and accrued expenses
beginning of year $2,929 · end of year $12,755
-
19 · Deferred revenue
beginning of year $7,654 · end of year $316,026
-
23 · Secured mortgages and notes payable
beginning of year $63,465 · end of year $56,679
-
31 · Retained earnings, endowment or other funds
beginning of year $1,150,132 · end of year $1,062,845
Mission and programs · 2024
Mission
DOWNTOWN WATERBURY DEVELOPMENT
-
RESTORATION OF THE HISTORIC WATERBURY RAILROAD STATION. EXPENSES INCLUDE INSURANCE, TAXES, MAINTENANCE & INTEREST ON MORTGAGES.
Expenses $64,080 · Revenue $27,300
-
PRESERVE AND ENHANCE THE ECONOMIC, HISTORIC, AND SOCIAL VITALITY OF DOWNTOWN WATERBURY AS A DESIGNATED DOWNTOWN THROUGH SPECIAL EVENTS AND PROGRAMS.
Expenses $82,610
-
DONATIONS TO VARIOUS LOCAL ORGANIZATIONS IN WATERBURY, VERMONT. 2024 SUPPORT INCLUDED THE WATERBURY AREA FOOD SHELF, THE WATERBURY ROTARY, WATERBURY AMBULANCE SERVICE, AND OTHERS.
Expenses $11,700 · Grants $11,700
As filed on the 2024 return.
Listed in Part VII
-
Dave LuceDAVE LUCE
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
Carolyn FoxCAROLYN FOX
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Julie FraileyJULIE FRAILEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Matt LarsonMATT LARSON
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Otho ThompsonOTHO THOMPSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
April HayesAPRIL HAYES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Owen Sette-DucatiOWEN SETTE-DUCATI
ECONOMIC DEVELOPMENT DIRECTOR
- Total calculated
- $47,850
- From this org
- $47,850
- From related orgs
- $0
- Other
- $0
- Hours/week
- 30
-
Colin PomerCOLIN POMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lindsay SullivanLINDSAY SULLIVAN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Roger ClappROGER CLAPP
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 30
-
Christa BowdishCHRISTA BOWDISH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Karen NevinKAREN NEVIN
FORMER EXECUTIVE DIRECTOR
- Total calculated
- $45,184
- From this org
- $45,184
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $45,184
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $45,184
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, and on a Form 990-PF Part VIII's — 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.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 10 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513189349306591
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