Mission
Plan, lead, direct and coordinate comprehensive efforts to improve the City of Torrington's economic base, including the purchase, reclamation, renovation and development of property.
Small Public Charity
TORRINGTON DEVELOPMENT CORPORATION
Based in Torrington, CT, TORRINGTON DEVELOPMENT CORPORATION operates as a Small Public Charity. The organization reported $88K in revenue, $120K in expenses, $61K in total assets for fiscal year 2025.
EIN: 043822794
Torrington, CT
Business & Industry
NTEE: S40
Latest filing: 2025
Total Revenue$88K
Total Expenses$120K
Total Assets$61K
Grant Records0
Filing Years2025
Where $100 goes at Torrington Development Corporation
How Torrington Development Corporation divides every $100 it spends, from its own Form 990-EZ filings.
$97
Programs
the work itself
$3
Everything else
operations and overhead
Form 990-EZ reports program spending but doesn't separate management from fundraising, so those are shown together.
Inside the $97 for programs
$94
Court appointed receiver for the property formerly known as the Yankee Pedlar Inn: Stabilize abandoned and blighted property, complete environmental contamination assessment and report actions and findings to…
$3
Hosted two downtown Torrington CT street fairs promoting the Cultural District Committee: served 5,000 children with Halloween activities and welcomed attendees at film debut depiciting non-profit renovations by…
Source: Form 990-EZ filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
Director
Alan Borghesi
Director
Anne Ruwet
Director
Brian Mattiello
Secretary
Christina Emery
Director
Elinor Carbone
President
Gregory Perosino
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $88K | $120K | $61K |
Interactive year-over-year charts and full filing details available with membership.