Nonprofit · EIN 06-0854496
NAUGATUCK VALLEY DEVELOPMENT CORP
Tax-exempt · WATERBURY, CT 06702
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $322,660 | $130,856 | $191,804 | $2,725,121 | $741,218 | $1,983,903 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $125,000
- of which government grants
- $125,000
- Program service revenue
- $0
- Investment income
- $113,388
- Net rental income
- $84,200
- Net gain from sales of assets
- $85,577
- Other revenue
- $84,272
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $12,750
- Depreciation
- $52,251
- Program services (functional)
- $51,366
- Management and general (functional)
- $79,490
Balance sheet and other
- Total assets, start of year
- $2,656,527
- Total assets, end of year
- $2,725,121
- Total liabilities, end of year
- $741,218
- Net assets, end of year
- $1,983,903
- Land, buildings and equipment
- $697,852
- Publicly traded securities
- $996,976
- Net assets without donor restrictions
- $1,983,903
- Gross receipts
- $668,972
- Employees
- 1
- Volunteers
- 0
- Year formed
- 1968
- State of legal domicile
- CT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JONATHAN ALBERT | PRESIDENT Trustee or director | 0.5 | $0 |
| CARLOS A SANTOS | VICE PRESIDENT Trustee or director | 0.5 | $0 |
| CATHERINE AWWAD | SECRETARY Trustee or director | 0.5 | $0 |
| DAVID ROTATORI | TREASURER Trustee or director | 0.5 | $0 |
| HONORABLE PAUL PERNEREWSKI JR | DIRECTOR Trustee or director | 0.5 | $0 |
| HONORABLE N WARREN HESS | DIRECTOR Trustee or director | 0.5 | $0 |
| LYNN WARD | DIRECTOR Trustee or director | 0.5 | $0 |
| JAMES H GATLING | DIRECTOR Trustee or director | 0.5 | $0 |
| BELINDA ARCE LOPEZ | DIRECTOR Trustee or director | 0.5 | $0 |
| JAMES NARDOZZI | INTERIM CEO Officer | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 83 BANK STREET 3RD FLOOR, WATERBURY, CT 06702-2232
- Principal officer (990 for 2024)
- JAMES NARDOZZI, 83 BANK STREET 3RD FLOOR, WATERBURY, CT 06702
- Signed the 990
- JAMES NARDOZZI, INTERIM CEO
- Phone
- (203) 346-2607
- Return prepared by
- ZACKIN ZIMYESKI SULLIVAN CPA LLC
Mission
CIVIC REDEVELOPMENT
Program accomplishments
- TO ADVANCE THE INTERESTS OF THE CITY OF WATERBURY, BOROUGH OF NAUGATUCK AND SURROUNDING COMMUNITIES.Expenses $51,366 · revenue $93,628
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | Check at the IRS |
IRS record
- EIN
- 06-0854496
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1970
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,725,121
- Income (IRS master file)
- $668,972
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $322,660 | $130,856 | $2,725,121 | XML |
| 990 | June 2022 | $194,925 | $256,899 | $1,851,197 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 06-0854496).
Questions about NAUGATUCK VALLEY DEVELOPMENT CORP
- What is the EIN of NAUGATUCK VALLEY DEVELOPMENT CORP?
- The employer identification number (EIN) of NAUGATUCK VALLEY DEVELOPMENT CORP is 06-0854496.
- Is NAUGATUCK VALLEY DEVELOPMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1970.
- Are donations to NAUGATUCK VALLEY DEVELOPMENT CORP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NAUGATUCK VALLEY DEVELOPMENT CORP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NAUGATUCK VALLEY DEVELOPMENT CORP due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NAUGATUCK VALLEY DEVELOPMENT CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NAUGATUCK VALLEY DEVELOPMENT CORP?
- The 990 for the year ended June 30, 2025 names JAMES NARDOZZI.
- Who are the officers and directors of NAUGATUCK VALLEY DEVELOPMENT CORP?
- The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does NAUGATUCK VALLEY DEVELOPMENT CORP have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $322,660, expenses of $130,856 and total assets of $2,725,121 at year end.
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