NEW HAVEN, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
THE GREATER DWIGHT DEVELOPMENT CORPORATION (GDDC) IS ENGAGED IN A VARIETY OF COMMUNITY BUILDING ACTIVITIES IN THE NEW HAVEN, CT AREA.
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...
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| 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 |
| 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 |
Compare GREATER DWIGHT DEVELOPMENT CORPORATION with other nonprofits in Connecticut and across the country.