Public Charity

WATERBURY DEVELOPMENT CORPORATION

WATERBURY DEVELOPMENT CORPORATION, of WATERBURY, CT, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $4.7M in revenue, $4.8M in expenses, $8.4M in total assets. 3 publicly reported grants to this organization, totaling roughly $975K, appear in IRS filings.

EIN: 061549006 WATERBURY, CT Latest filing: 2025
Total Revenue$4.7M
Total Expenses$4.8M
Total Assets$8.4M
Grant Records3
Funding Total$975K
Filing Years2021–2025

Mission

TO STIMULATE AND SUPPORT ECONOMIC AND HOUSING DEVELOPMENT WITHIN THE COMMUNITIES OF THE CITY OF WATERBURY.

Officers & Directors

BOARD MEMBER Arthur Denze
BOARD MEMBER Carmen Romeo
CHAIRMAN Catherine Awwad
BOARD MEMBER David Lepore
BOARD MEMBER Domenic Giglio
BOARD MEMBER George Tirado Jr

Officer compensation and complete director data available with membership.

Top Grant Purposes

Q2 & Q3 2024
$659,353 1 grant
ESTIMATED PAYROLL/BENEFITS EXPENSES 1.1.23 TO 3.31.23;REIMBURSEMENT FOR EXPENSES PAID FOR WATERBURY PROMISE
$287,271 1 grant
SENIOR TRANSPORT
$28,458 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $4.7M $4.8M $8.4M
2024 $3.3M $3.5M $8.1M
2023 $3.7M $3.8M $8.1M
2022 $2.4M $2.7M $8.6M
2021 $4.9M $5.0M $8.9M

Between 2021 and 2025, reported annual revenue declined from $4.9M to $4.7M (-4%), with total assets most recently reported at $8.4M.

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

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