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Filing year 2023

WATERBURY DEVELOPMENT CORPORATION

Waterbury, Connecticut·EIN 06-1549006·NTEE S30 · Community Improvement & Capacity Building·501(c)(3)
Total revenue
$3.3M
Total assets
$8.1M
Total expenses
$3.5M
Reported officers
25
Mission

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

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 3 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations nationwide.

VP of Operations
Board Vice President
Median to 75th percentile
$171k
$191k
Base
$171k
Bonus
Other
Benefits
Project Manager
25th percentile to medianvs all sectors nationwide
$115k
$129k
CFO
25th percentile to median
$87k
$98k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 22 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at WATERBURY DEVELOPMENT CORPORATION equaled 5% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2023)
5%
Sector median
14%
Middle half of sector
6% to 28%

Based on 10,143 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 18%
from 2022

From $145k in 2022 to $171k in 2023.

$145k
2022
$171k
2023
In today's dollarsEst.
Up 14% in real terms$167k to $191k

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Vice President pay rose 18% from 2022 to 2023, while revenue fell 11%.

$145k in 2022 to $171k in 2023.
  • Project Manager pay rose 3% from 2022 to 2023.
  • Chief Financial Officer pay rose 22% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about WATERBURY DEVELOPMENT CORPORATION

What does the Board Vice President of WATERBURY DEVELOPMENT CORPORATION earn?

In 2023, the Board Vice President of WATERBURY DEVELOPMENT CORPORATION received $170,899 in total compensation. This pay is above the median (the midpoint) for Board Vice President roles among Community Improvement & Capacity Building organizations nationwide, within the top half of comparable filings. Based on IRS Form 990 data.

How does Board Vice President pay at WATERBURY DEVELOPMENT CORPORATION compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations nationwide, the 2023 pay of the Board Vice President at WATERBURY DEVELOPMENT CORPORATION falls between the median and the 75th percentile. In 2023, the highest total compensation at WATERBURY DEVELOPMENT CORPORATION equaled 5% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are WATERBURY DEVELOPMENT CORPORATION's revenue and expenses?

In 2023, WATERBURY DEVELOPMENT CORPORATION reported $3.3M in total revenue and $3.5M in total expenses on its IRS Form 990.

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