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LONG RANGE PLANNING FOR ECONOMIC DEVELOPMENT
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$3.3M
Program Spending
94%
of total expenses go to program services
Total Contributions
$2.6M
Total Expenses
▼$3.5M
Total Assets
$8.1M
Total Liabilities
▼$7.1M
Net Assets
$1M
Officer Compensation
→$91.4K
Other Salaries
$1.1M
Investment Income
$158.8K
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$2.1M
Awards Found
6
Environmental Protection Agency
$550K
THIS PROJECT PROVIDES FUNDING FOR THE CITY OF WATERBURY/WATERBURY DEVELOPMENT CORPORATION TO ASSESS, CONDUCT CLEANUP PLANNING, AND CLEANUP THE WATERB
Environmental Protection Agency
$400K
THIS ASSISTANCE AGREEMENT WILL PROVIDE FUNDING TO THE CITY OF WATERBURY/WATERBURY DEVELOPMENT CORPORATION TO INVENTORY AND ASSESS BROWNFIELDS SITES I
Environmental Protection Agency
$400K
PER YOUR APPLICATION REQUEST DATED JUNE 21 2010 THIS COOPERATIVE AGREEMENT IS BEING AWARDED TO PROVIDE FUNDING TO THE CITY OF WATERBURY CONNECTICU
Environmental Protection Agency
$400K
PER YOUR APPLICATION REQUEST DATED JUNE 12, 2009, THIS GRANT IS BEING AWARDED TO PROVIDE FUNDING TO THE CITY OF WATERBURY FOR INVENTORY AND ASSEMENT
Environmental Protection Agency
$200K
PER YOUR APPLICATION REQUEST DATED JUNE 11, 2009, THIS COOPERATIVE AGREEMENT IS BEING AWARDED TO PROVIDE FUNDING TO THE CITY OF WATERBURY TO CLEANUP
Environmental Protection Agency
$200K
PER YOUR APPLICATION REQUEST DATED JUNE 11, 2009, THIS COOPERATIVE AGREEMENT IS BEING AWARDED TO PROVIDE FUNDING TO THE CITY OF WATERBURY TO CLEANUP
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
2
Clean Audits
2
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2017 | Clean | Unmodified (Clean) | $1.9M | No | 2018-01-23 |
| 2016 | Clean | Unmodified (Clean) | $3.9M | No | 2017-01-09 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.9M
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.9M
Tax Year 2024 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $3.3M | $2.6M | $3.5M | $8.1M | $1M |
| 2022IRS e-File | $3.7M | $3.1M | $3.8M | $8.1M | $1.2M |
| 2021 | $4.9M | $4.6M | $5M | $8.9M | $1.6M |
| 2020 | $4.5M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| James Nealon | CFO | 37.5 | $87.5K | $0 | $0 | $87.5K |
| Thomas Hyde | Executive Director | 37.5 | $0 | $0 | $0 | $0 |
| Catherine Awwad | Chairman | 0.5 | $0 | $0 | $0 | $0 |
| Joseph R Mcgrath | Vice Chairman | 0.5 | $0 | $0 | $0 | $0 |
| William Rybczyk | Treasurer | 0.5 | $0 | $0 | $0 | $0 |
| Lynn G Ward | Secretary | 0.5 | $0 | $0 | $0 | $0 |
James Nealon
CFO
$87.5K
Hrs/Wk
37.5
Compensation
$87.5K
Related Orgs
$0
Other
$0
Thomas Hyde
Executive Director
$0
Hrs/Wk
37.5
Compensation
$0
Related Orgs
$0
Other
$0
Catherine Awwad
Chairman
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Joseph R Mcgrath
Vice Chairman
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
William Rybczyk
Treasurer
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Lynn G Ward
Secretary
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Ronald Cassella | VP Of Operations | 37.5 | $170.9K | $0 | $0 | $170.9K |
| Thomas Favazzo | Project Manager | 37.5 | $115.2K | $0 | $0 | $115.2K |
Ronald Cassella
VP Of Operations
$170.9K
Hrs/Wk
37.5
Compensation
$170.9K
Related Orgs
$0
Other
$0
Thomas Favazzo
Project Manager
$115.2K
Hrs/Wk
37.5
Compensation
$115.2K
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Arthur Denze | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| Carmen Romeo | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| David Lepore | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| Domenic Giglio | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| George Tiardo Jr | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| Jack Traver Jr | Board Member |
Arthur Denze
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Carmen Romeo
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
David Lepore
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
| $4.2M |
| $4.3M |
| $9.9M |
| $1.7M |
| 2019 | $9.1M | $8.8M | $9M | $10.3M | $1.5M |
| 2018 | $3.1M | $2.8M | $3.1M | $11.4M | $1.4M |
| 2017 | $7.3M | $7M | $7.2M | $12.4M | $1.4M |
| 2016 | $8.6M | $8.1M | $8.2M | $25.7M | $1.3M |
| 2015 | $10M | $10M | $10.2M | $25M | $1.1M |
| 2014 | $10.2M | $10M | $9.9M | $26.5M | $1.3M |
| 2013 | $8.8M | $8.3M | $8.7M | $24.9M | $1M |
| 2012 | $9.1M | $8.8M | $9.1M | $23.9M | $999.5K |
| 2011 | $7.7M | $7.2M | $7.4M | $19.2M | $1.1M |
| 2021 | 990 | Data | PDF not yet published by IRS |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
| 0.5 |
| $0 |
| $0 |
| $0 |
| $0 |
| Joseph Dorso | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| Kenneth Cook | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| Mary Rosengrant-Chiappalone | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| Matt Byrne | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| Michael Cervellino | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| Michael Digiovancarlo | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| Robert Burns | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| Ruben Rodriguez | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| Stephen A Dohoney | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| Susan Sprano | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| William Palomba | Board Member | 0.5 | $0 | $0 | $0 | $0 |
Domenic Giglio
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
George Tiardo Jr
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Jack Traver Jr
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Joseph Dorso
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Kenneth Cook
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Mary Rosengrant-Chiappalone
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Matt Byrne
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Michael Cervellino
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Michael Digiovancarlo
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Robert Burns
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Ruben Rodriguez
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Stephen A Dohoney
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Susan Sprano
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
William Palomba
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0