Public Charity

Economic Development Corporation of New Haven

Economic Development Corporation of New Haven is a Public Charity headquartered in New Haven, CT. Financial data from the 2024 filing: $454K revenue, $506K expenses, $986K total assets. 4 publicly reported grants to this organization, totaling roughly $38K, appear in IRS filings.

EIN: 261854785 New Haven, CT Economic Development NTEE: S30 Latest filing: 2024
Total Revenue$454K
Total Expenses$506K
Total Assets$986K
Grant Records4
Funding Total$38K
Filing Years2019–2024

Mission

The Organization's mission is to create a vibrant business environment in New Haven, Connecticut and to serve as a catalyst for attracting human and capital investment to the city and its neighborhoods by retaining and attracting businesses and fostering a positive economic climate.

Where $100 goes at Economic Development Corporation of New Haven

How Economic Development Corporation of New Haven divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$92 Programs the work itself
$8 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $92 for programs

$92
The Organization works to attract new and maintain current businesses in the city of New Haven, Connecticut including a medical district, housings project, small business initiatives, support of…
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

Treasurer Laura Brown
Member Mayor Justin Elicker
Administrator Michael Piscitelli
Chairperson Shelly Saczynski
Chief Executive Officer Virginia Kozlowski

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$20,500 2 grants
Food Assistance & Nutrition
$10,000 1 grant
Youth Development
$8,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $454K $506K $986K
2023 $668K $571K $1.0M
2022 $1.7M $1.7M $1.1M
2020 $3.3M $3.6M $889K
2019 $2.9M $2.2M $2.4M

Between 2019 and 2024, reported annual revenue declined from $2.9M to $454K (-84%), with total assets most recently reported at $986K.

Interactive year-over-year charts and full filing details available with membership.

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