THE ORGANIZATION'S MISSION IS TO FOSTER AN ENVIRONMENT OF COOPERATION BETWEEN THE CITY GOVERNMENT, ECONOMIC DEVELOPMENT AGENCIES AND THE PRIVATE SECTOR WITH THE GOAL OF PROMOTING ECONOMIC EXPANSION AND PROSPERITY IN THE CITY OF WATERTOWN. MOREOVER, THE ORGANIZATION USES FINANCIAL RESOURCES TO LEVERAGE OTHER INVESTMENTS, WITH THE GOAL OF JOB CREATION, RETENTION AND ELIMINATION OF BLIGHT.
Executive compensation
Form 990 · Part VII & Schedule J · 3 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations in New York.
| Position | Total |
|---|---|
CEO (former) 25th percentile to median | $84k $91k |
CEO 25th percentile to median | $83k $89k |
CFO 25th percentile to median | $59k $64k |
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 7 unpaid individuals.
Browse compensation in Community Improvement & Capacity Building →
Top pay as a share of expenses
In 2024, the highest total compensation at WATERTOWN LOCAL DEVELOPMENT CORPORATION equaled 24% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.
Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.
Down 48%
from 2023
From $162k in 2023 to $84k in 2024.
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.
Chief Executive Officer pay fell 48% from 2023 to 2024, while revenue fell 2%.
- Chief Financial Officer pay fell 10% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about WATERTOWN LOCAL DEVELOPMENT CORPORATION
What does the Chief Executive Officer of WATERTOWN LOCAL DEVELOPMENT CORPORATION earn?
In 2024, the Chief Executive Officer of WATERTOWN LOCAL DEVELOPMENT CORPORATION received $83,886 in total compensation. This pay is below the median (the midpoint) for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in New York, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.
How does Chief Executive Officer pay at WATERTOWN LOCAL DEVELOPMENT CORPORATION compare with similar nonprofits?
Compared with the same role at Community Improvement & Capacity Building organizations in New York, the 2024 pay of the Chief Executive Officer at WATERTOWN LOCAL DEVELOPMENT CORPORATION falls between the 25th percentile and the median. In 2024, the highest total compensation at WATERTOWN LOCAL DEVELOPMENT CORPORATION equaled 24% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.
What are WATERTOWN LOCAL DEVELOPMENT CORPORATION's revenue and expenses?
In 2024, WATERTOWN LOCAL DEVELOPMENT CORPORATION reported $748k in total revenue and $347k in total expenses on its IRS Form 990.
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