WATERBURY, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WATERBURY LAND BANK AUTHORITY INC, founded in 2022, is a small nonprofit in the Housing & Shelter sector that reported $707K in total revenue in fiscal year 2023. Revenue surged 89% from the prior year, signaling strong growth momentum. The organization ran a surplus of $345K, a strong 49% operating margin.
THE WATERBURY LAND BANK AUTHORITY ("WLB") WORKS TO ENHANCE THE QUALITY OF LIFE FOR WATERBURY RESIDENTS. WE DO THIS BY REPURPOSING VACANT LOTS AND STRUCTURES INTO NEW COMMUNITY ASSETS. WE WORK CLOSELY WITH THE CITY OF WATERBURY, OTHER COMMUNITY NONPROFITS, AND LOCAL BUSINESSES TO CATALYZE NEIGHBORHOOD INVESTMENTS. OUR PRIORITIES INCLUDE INFILL HOUSING, HOUSING REHABILITATION, COMMUNITY GREENING PROJECTS, AND EXPANDING WATERBURY'S TREE CANOPY. OUR WORK PROMOTES A MIX OF HOUSING OPTIONS, REDUCES BLIGHT, AND CLEARS DILAPIDATED STRUCTURES TO ALLOW NEW DEVELOPMENT.
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 | $707,062 | $374,605 | +0.9% |
| Expenses | $361,600 | $277,780 | +0.3% |
| Net Income | $345,462 | $96,825 | +2.6% |
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 |
|---|---|---|---|---|---|---|
| FRED LUEDKE | CHAIR | 2.00 |
Director
|
$0 | $0 | $0 |
| ROBERT POLITO | TREASURER | 2.00 |
Director
|
$0 | $0 | $0 |
| DANIEL LAUER | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JAMES GATLING | VICE-CHAIR | 2.00 |
Director
|
$0 | $0 | $0 |
| MAGARET SMITH | SECRETARY | 2.00 |
Director
|
$0 | $0 | $0 |
| GAWDYS GRULLON | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JOEL BECKER | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| NANCY MACMILLAN | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$133,213 | $0 | $133,213 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $707,062 | $361,600 | $468,257 | $345,462 |
| 2023 | $374,605 | $277,780 | $140,898 | $96,825 |
Compare WATERBURY LAND BANK AUTHORITY INC with other nonprofits in Connecticut and across the country.