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 Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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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.

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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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Financial Health Indicators

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

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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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