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Watertown Local Development Corporation
Community Development · Watertown, New York
259 Jb Wise Place Suite 100, Watertown, NY 13601-2587
EIN: 161199439· Founded: Jun 1984· 42 years active· Filing Year: 2023
Annual Revenue
$760K
Total Expenses
$1.1M
Total Assets
$9.7M
Program Spending
21%
of expenses go to programs
Compensation & Payroll
Total Officer Compensation
$160K
15.1% of total expenses
All officers, directors, and key employees combined
Other Salaries & Wages
Not reported
Total Payroll
$160K
15% of total expenses
Where the Money Goes
21%
Programs: 21%
Payroll: 15%
Other overhead: 79%
Program Revenue$223K (29%)
Total Expenses$1.1M (100%)
Payroll$160K (15%)
Overhead (non-program)79%
Trust Score Breakdown
Program Spending Ratio
21% of expenses go to programs
Revenue & Stability
$760K annual revenue
Executive Compensation
$160K total officer comp (15.1% of expenses)
Filing Recency
Most recent filing: 2023
Asset Strength
$9.7M in assets
Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.