Nonprofit · EIN 26-1854785
ECONOMIC DEVELOPMENT CORPORATION OF NEW HAVEN
Tax-exempt · NEW HAVEN, CT 06513
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $453,860 | $505,577 | -$51,717 | $986,022 | $700,825 | $285,197 |
| December 31, 2023 | 990 | $668,117 | $570,865 | $97,252 | $1,003,721 | $666,807 | $336,914 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $239,600
- Program service revenue
- $214,244
- Investment income
- $16
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $308,313
- Salaries, compensation and benefits (total)
- $368,203
- Professional fundraising fees
- $0
- Occupancy
- $21,609
- Depreciation
- $1,019
- Program services (functional)
- $379,382
- Management and general (functional)
- $126,195
Balance sheet and other
- Total assets, start of year
- $1,003,721
- Total assets, end of year
- $986,022
- Total liabilities, end of year
- $700,825
- Net assets, end of year
- $285,197
- Land, buildings and equipment
- $2,577
- Net assets without donor restrictions
- $285,197
- Gross receipts
- $453,860
- Employees
- 4
- Volunteers
- 0
- Year formed
- 2008
- State of legal domicile
- CT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael Piscitelli | Administrator Trustee or director | 1 | $127,844 |
| Virginia Kozlowski | Chief Executive Officer Trustee or director, Officer | 20 | $0 |
| Shelly Saczynski | Chairperson Trustee or director, Officer | 1 | $0 |
| Laura Brown | Treasurer Trustee or director, Officer | 1 | $0 |
| Mayor Justin Elicker | Member Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Virginia Kozlowski | Chief Executive Officer Trustee or director, Officer | 20 | $127,846 |
| Shelly Saczynski | Chairperson Trustee or director, Officer | 1 | $0 |
| Laura Brown | Treasurer Trustee or director, Officer | 1 | $0 |
| Mayor Justin Elicker | Member Trustee or director | 1 | $0 |
| Michael Piscitelli | Administrator Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 470 JAMES ST STE 7, NEW HAVEN, CT 06513-3175
- Principal officer (990 for 2024)
- Virginia Kozlowski, PO Box 1576, New Haven, CT 06506
- Signed the 990
- Virginia Kozlowski, President
- Phone
- (203) 785-1000
- Website
- www.rexdevelopment.org
- Return prepared by
- Michael J Paolini CPA
Mission
The Organization's mission is to create a vibrant business environment in New Haven, Connecticut and to serve as a catalyst for attracting human and capital investment to the city and its neighborhoods by retaining and attracting businesses and fostering a positive economic climate.
Program accomplishments
- The Organization works to attract new and maintain current businesses in the city of New Haven, Connecticut including a medical district, housings project, small business initiatives, support of a bioscience initiative, redevelopment of the Coliseum site along with other projects.Expenses $379,382 · revenue $214,260
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 26-1854785
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2008
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $986,022
- Income (IRS master file)
- $453,860
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $453,860 | $505,577 | $986,022 | XML |
| 990 | December 2023 | $668,117 | $570,865 | $1,003,721 | XML |
| 990 | December 2022 | $1,745,231 | $1,704,050 | $1,069,144 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-1854785).
Questions about ECONOMIC DEVELOPMENT CORPORATION OF NEW HAVEN
- What is the EIN of ECONOMIC DEVELOPMENT CORPORATION OF NEW HAVEN?
- The employer identification number (EIN) of ECONOMIC DEVELOPMENT CORPORATION OF NEW HAVEN is 26-1854785.
- Is ECONOMIC DEVELOPMENT CORPORATION OF NEW HAVEN tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to ECONOMIC DEVELOPMENT CORPORATION OF NEW HAVEN tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ECONOMIC DEVELOPMENT CORPORATION OF NEW HAVEN file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ECONOMIC DEVELOPMENT CORPORATION OF NEW HAVEN due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ECONOMIC DEVELOPMENT CORPORATION OF NEW HAVEN last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ECONOMIC DEVELOPMENT CORPORATION OF NEW HAVEN?
- The 990 for the year ended December 31, 2024 names Virginia Kozlowski.
- Who are the officers and directors of ECONOMIC DEVELOPMENT CORPORATION OF NEW HAVEN?
- The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $127,844 (Michael Piscitelli, Administrator).
- How much revenue does ECONOMIC DEVELOPMENT CORPORATION OF NEW HAVEN have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $453,860, expenses of $505,577 and total assets of $986,022 at year end.
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All nonprofits in NEW HAVEN · Connecticut · Community improvement and capacity building