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Waterbury Development Corporation
EIN 061549006 · CT · NTEE S30 · revenue $3,325,742 · FY 2024-06-30
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25th percentile
We compared this Executive Director / CEO's pay to 126 similar community improvement nonprofits of about the same size, adjusted for CT cost of living and inflation.
THOMAS FAVAZZO · reported title "PROJECT MANAGER" — selected as the highest-paid individual; verify the role.
How we chose them
Every comparable organization in the band — 126 in total — matched by Same NTEE sector (S30), nationwide + budget 0.71–1.4× revenue, and selected by rule, not hand-picked. Peer pay is normalized to CT cost of living (BEA Regional Price Parities) and to the subject's filing year (CPI-U). Full methodology →
| Organization | State | Revenue | Total comp | Filing |
|---|---|---|---|---|
| Lehigh Valley Economic | PA | $3,337,616 | $361,016 | 990 → |
| Institute Capital Inc | NC | $3,302,522 | $118,671 | 990 → |
| Hudson Yards Hells Kitchen Business | NY | $3,348,995 | $236,764 | 990 → |
| Southern Tier Network Inc | NY | $3,369,543 | $337,987 | 990 → |
| Investsc Inc | SC | $3,372,375 | $58,437 | 990 → |
| 🔒 +121 more comparable organizations — the full peer set, sources, and CSV export are included in your board report. | ||||
Generate the board-ready determination
A formatted PDF with the full 126-organization peer set, the distribution, the methodology, and ready-to-adopt 26 CFR 53.4958-6 board-minutes language — timestamped to attach to your minutes. A screenshot of a webpage isn't board minutes.