Naugatuck Valley Regional Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 060854496 ✦ Waterbury, CT ✦ Designated as a 501(c)(4)

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Overview

What is Naugatuck Valley Regional Development Corporation?

Naugatuck Valley Regional Development Corporation is a dedicated urban development organization situated in Waterbury, Connecticut. Their primary objective, as stated in their mission, is to foster civic redevelopment within the community. This mission encompasses numerous aspects, including revitalizing urban areas and promoting growth and progress within the region. The organization plays a crucial role in contributing to the overall development of Waterbury, CT.

Is Naugatuck Valley Regional Development Corporation legitimate?

Naugatuck Valley Regional Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Naugatuck Valley Regional Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $155,325
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,260

For more financial information, click here

What is the mission statement of Naugatuck Valley Regional Development Corporation?

The Naugatuck Valley Regional Development Corporation, being an urban development organization, is dedicated to the mission of civic redevelopment. This mission involves driving changes and improvements in the community, aiming to enhance its overall development and growth. The corporation does not specify any particular focus area or population, but its primary goal is to contribute to the betterment of the community through urban redevelopment efforts.

Who is the CEO of Naugatuck Valley Regional Development Corporation?

Thomas Hyde is the Chief Exec. Officer of Naugatuck Valley Regional Development Corporation.

What is the revenue of Naugatuck Valley Regional Development Corporation?

Naugatuck Valley Regional Development Corporation's revenue in 2022 was $194,925.

Who are the executives of Naugatuck Valley Regional Development Corporation and what are their salaries?

The average compensation at Naugatuck Valley Regional Development Corporation during 2022 was $78,292. There are 2 employees at Naugatuck Valley Regional Development Corporation.


Here are 12 key members and their salaries:


Thomas Hyde (Chief Exec. Officer)
  • Compensation: $153,070
  • Related: $0
  • Other: $3,600
Jonathan Albert (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carlos Santos (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Catherine Awwad (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Rotatori (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Neil O'Leary (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
N Warren Hess (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lynn Ward (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Gatling (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Belinda Arce Lopez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Pedersen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Nardozzi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Naugatuck Valley Regional Development Corporation?

Naugatuck Valley Regional Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Naugatuck Valley Regional Development Corporation

The Naugatuck Valley Regional Development Corporation, as a civic redevelopment organization, is committed to driving urban development. With a focus on this particular field, the organization aims to contribute positively to its community's growth and improvement. The mission of Naugatuck Valley Regional Development Corporation is to foster civic redevelopment, working towards the betterment of the urban landscape and the communities it serves.

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Impact




October, 2024

Naugatuck Valley Regional Development Corporation plays a significant role in the revitalization and improvement of communities within the Waterbury, CT area. Their focus on civic redevelopment drives initiatives that enhance public spaces, stimulate local economies, and foster a sense of community among residents. By addressing urban challenges through strategic planning and development projects, they contribute to a more livable and sustainable environment.

Through various programs and partnerships, the organization works to attract investment, support local businesses, and improve infrastructure, ultimately leading to increased economic opportunities and improved quality of life for residents. Their efforts in civic redevelopment not only aim to restore the physical landscape of the region but also to empower the community by creating spaces that promote engagement and connectivity among citizens. This holistic approach underscores their impact on transforming Waterbury into a vibrant and thriving urban center.




This information is meant to be a general summary of Naugatuck Valley Regional Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$194,925 (2022)
Expenses
$256,899 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $95,918
  • Gross Receipts: $600,292

Assets and Liabilities:

  • Total Assets: $1,851,197
  • Total Liabilities: $323,381
  • Net Assets: $1,527,816

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Organization Details

Founding Year

1968

Principal Officer

Thomas Hyde

Main Address

83 BANK STREET 3rd FLOOR, WATERBURY, CT, 06702

NTEE Category

Code: S31 - Community improvement

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