Community Improvement · CT
Waterbury Development Corporation
Waterbury Development Corporation reported paying Thomas Favazzo, Project Manager, $115,209 in total compensation (FY 2024).
That places Thomas Favazzo at approximately the 25th percentile among 126 similarly sized community improvement nonprofits (median $184,150).
$3,325,742Total revenue (FY 2024)
$115,209Total executive compensation
25thPercentile vs. peers
Setting executive pay for this board?
Generate a board-ready comparability report for Waterbury Development Corporation — named comparables, percentiles, methodology, and the 26 CFR 53.4958-6 minutes language a board can use toward the rebuttable presumption.
Build the comparability report →Comparable community improvement nonprofits
Compensation is normalized to CT cost of living (BEA Regional Price Parities); each organization's reported figure is on its linked 990.
| Organization | State | Revenue | Total comp |
|---|---|---|---|
| Lehigh Valley Economic | PA | $3,337,616 | $361,016 |
| Institute Capital Inc | NC | $3,302,522 | $118,671 |
| Hudson Yards Hells Kitchen Business | NY | $3,348,995 | $236,764 |
| Southern Tier Network Inc | NY | $3,369,543 | $337,987 |
| Investsc Inc | SC | $3,372,375 | $58,437 |
| Northwest Native Chamber | OR | $3,278,508 | $216,002 |
| Indiana Economic Development | IN | $3,246,134 | $54,383 |
| Foundation For A Strong Maine Economy | ME | $3,241,469 | $133,661 |