GREATER DWIGHT DEVELOPMENT CORPORATION

EIN: 061414605 501(c)(3) Community Improvement

NEW HAVEN, CT

Total Revenue
$628,963
Total Expenses
$597,479
Total Assets
$3,136,068
Net Assets
$2,852,605
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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
CT
Principal Officer
LINDA TOWNSEND MAIER
Phone
2037777374
Tax Period
2023-07-01 to 2024-06-30

GREATER DWIGHT DEVELOPMENT CORPORATION, founded in 1992, is a small nonprofit in the Community Improvement sector that reported $629K in total revenue in fiscal year 2023. Expenses of $597K left a modest 5% surplus.

Mission

THE GREATER DWIGHT DEVELOPMENT CORPORATION (GDDC) IS ENGAGED IN A VARIETY OF COMMUNITY BUILDING ACTIVITIES IN THE NEW HAVEN, CT AREA.

Program Service Accomplishments

Program 1
Expenses: $380,725 Revenue: $46,240

GREATER DWIGHT DEVELOPMENT CORPORATION (GDDC) HAS ENGAGED IN A VARIETY OF COMMUNITY BUILDING ACTIVITIES:GDDC BECAME THE OWNER OF DWIGHT PLACE, THE FIRST COMMUNITY OWNED, SUPERMARKET ANCHORED CENTER...

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GREATER DWIGHT DEVELOPMENT CORPORATION (GDDC) HAS ENGAGED IN A VARIETY OF COMMUNITY BUILDING ACTIVITIES:GDDC BECAME THE OWNER OF DWIGHT PLACE, THE FIRST COMMUNITY OWNED, SUPERMARKET ANCHORED CENTER IN 1998. GDDC HAS SINCE DIRECTED THE MANAGEMENT OF THE SHOPPING CENTER TO PROVIDE ALL OF ITS BUSINESSES WITH THE BEST CHANCE OF SUCCESS. THIS WAS A $15 MILLION PROJECT, FOR WHICH GDDC PARTNERED WITH LISC AND THE RETAIL INITIATIVE. GDDC SECURED FUNDING IN THE AMOUNT OF $3 MILLION AND COMPLETED THE CONSTRUCTION IN 2006 OF THE 11,000 S.F. ALVIS BROOKER BUILDING LOCATED AT 230 EDGEWOOD AVE. TO HOUSE ITS OFFICES AND THE MONTESSORI SCHOOL ON EDGEWOOD. THE DWIGHT NEIGHBORHOOD PLAN CALLED FOR THE CREATION OF A QUALITY FULL DAY, YEAR ROUND EARLY LEARNING CENTER TO SUPPORT WORKING FAMILIES. THIS LED TO THE CREATION OF THE MONTESSORI SCHOOL ON EDGEWOOD WHICH HAS BEEN FULLY OPERATIONAL SINCE 2006. THE SCHOOL HAS CREATED 18 JOBS, AND OPERATES ON AN ANNUAL BUDGET OF $700,000 THROUGH CITY AND STATE FUNDING. THE SCHOOL ALSO SERVES 54 CHILDREN, MANY OF WHOM RESIDE IN THE DWIGHT NEIGHORHOOD AND BELONG TO LOW AND MIDDLE INCOME FAMILIES. GDDC COLLABORATED WITH THE BOARD OF EDUCATION TO CONTRIBUTE THE 20% LOCAL SHARE FOR THE CONSTRUCTION OF A 10,000 S.F. ADDITION TO THE TIMOTHY DWIGHT ELEMENTARY SCHOOL IN EXCHANGE FOR EXTENSIVE COMMUNITY ACCESS TO THE FACILITY DURING NON-SCHOOL HOURS. THE GDDC HOMEOWNERS ASSISTANCE PROGRAM HAS COMPLETED MORE THAN 120 50/50 REPAIRS PROJECTS, 8 LOAN TO GRANT REPAIR PROJECTS, AND 32 REPAIR PROJECTS FOR EMPOWERMENT ZONE RESIDENTS. GDDC IS CURRENTLY WORKING ON AN EXPANSION PLAN FOR THE SCHOOL WHICH WILL CREATE AN ADDITIONAL 16 INFANT TODDLER SLOTS, 8 JOBS, AND 5 HOME CHILD CARE CENTERS THAT WILL ADD AN ADDITIONAL 12 JOBS TO THE NEIGHBORHOOD OVER THE NEXT FIVE YEARS. THE MAIN EXPANSION OF THE PROGRAM WILL BE TO 1377 ELLA T. GRASSO BLVD., WHERE GDDC WILL RENOVATE THE 7,886 S.F. BUILDING TO INCLUDE A 2,473 S.F. CHILD CARE CENTER. THE LOCATION WILL ALSO INCLUDE AFFORDABLE HOUSING FOR THE TEACHERS IN THE UPPER FLOOR APARTMENTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $581,826
Program Service Revenue $46,240
Investment Income $897
Other Revenue $0
TOTAL REVENUE $628,963

Expense Breakdown

Grants Paid $0
Salaries & Benefits $221,158
Fundraising Expenses $23,850
Program Expenses $380,725
Other Expenses $376,321
TOTAL EXPENSES $597,479

Year-over-Year Comparison

2023 2022 Change
Revenue $628,963 $597,410 +0.1%
Expenses $597,479 $472,715 +0.3%
Net Income $31,484 $124,695 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
3
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$126,673
Total Directors
9
$126,673
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANNE DEMCHEK PRESIDENT 2.00
Officer Director
$0 $0 $0
TABITHA SOOKDEO VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
GARY TINNEY TREASURER 2.00
Officer Director
$0 $0 $0
SHEILA SHANKLIN SECRETARY 2.00
Officer Director
$0 $0 $0
MIKE SHANKLIN DIRECTOR 2.00
Director
$0 $0 $0
FLOIRTIA GILLESPIE DIRECTOR 2.00
Director
$0 $0 $0
VERNA NORMAN DIRECTOR 2.00
Director
$0 $0 $0
ANTHONY GIANO CHAPEL WEST DIRECTOR 2.00
Director
$0 $0 $0
LINDA TOWNSEND-MAIER EXECUTIVE DIRECTOR 36.00
Officer Director
$126,673 $0 $126,673
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $628,963 $597,479 $3,136,068 $31,484
2023 $597,413 $472,715 $3,177,516 $124,698
2022 $255,645 $367,965 $2,684,185 $-112,320
2021 $276,629 $328,053 $2,837,127 $-51,424
2020 $484,721 $440,588 $2,868,339 $44,133
2019 $890,298 $258,864 $2,799,221 $631,434
2018 $214,591 $227,474 $2,162,335 $-12,883
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