Civic Intelligence

Torrington Development Corporation

EIN 04-3822794 • 501(c)4 • Torrington, CT

Profile

Plan, lead, direct and coordinate comprehensive efforts to improve the City of Torrington's economic base, including the purchase, reclamation, renovation and development of property.

140 Main StTorrington, CT 06790

developingtorrington.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)4 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)4 • <$500k nonprofits • Source year 2025

Net Margin

16th percentile

-36%

Higher net margin than 16% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2025

Top Officer Pay

89th percentile

$0

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)4 • <$500k nonprofits • Source year 2025

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2025

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2025

Balance Sheet
Liabilities / Assets59th percentile

Assets

Up

$60,519

Up $58,749 (+3319%) from 2014

Liabilities

Flat

$0

Flat from 2014

Net Assets

Up

$60,519

Up $58,749 (+3319%) from 2014

Operations
Liabilities / Revenue61st percentileNet Margin16th percentile

Revenue

Up

$87,812

Up $87,812 from 2014

Expenses

Up

$119,747

Up $118,204 (+7661%) from 2014

Net Income

Down

-$31,935

Down $30,392 (-1970%) from 2014

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80K$60K$40K$20K$0Assets 2011: $12,962Liabilities 2011: $02011Assets 2012: $6,425Net Assets 2012: $6,4252012Assets 2013: $3,313Liabilities 2013: $0Net Assets 2013: $3,3132013Assets 2014: $1,770Liabilities 2014: $0Net Assets 2014: $1,7702014Assets 2025: $60,519Liabilities 2025: $0Net Assets 2025: $60,5192025

Highlighted filing

2025

Assets$60,519
Liabilities$0
Net Assets$60,519
Open 2025 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KRevenue 2011: $60,877Expenses 2011: $87,026Net Income 2011: -$26,1492011Revenue 2012: $29,025Expenses 2012: $35,562Net Income 2012: -$6,5372012Revenue 2013: $11,763Expenses 2013: $14,875Net Income 2013: -$3,1122013Revenue 2014: $0Expenses 2014: $1,543Net Income 2014: -$1,5432014Revenue 2025: $87,812Expenses 2025: $119,747Net Income 2025: -$31,9352025

Highlighted filing

2025

Revenue$87,812
Expenses$119,747
Net Income-$31,935
Open 2025 Filing

Filings

Most recent year

2025 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$60,519
Liabilities
$0
Net assets
$60,519
Revenue
$87,812
Expenses
$119,747
Net income
-$31,935
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.61$0.00$0.61$0.88$1.20$0.32
2014Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.00$0.02$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.03$0.00$0.03$0.12$0.15$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.06$0.06$0.29$0.36$0.07
2011Summary only. Only limited summary data is available for this year.$0.13$0.00$0.61$0.87$0.26
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Oct 9, 2025
Return Version
2024v5.0
Gross Receipts
$89,645
Mission and Program Overview

Mission

Plan, lead, direct and coordinate comprehensive efforts to improve the City of Torrington's economic base, including the purchase, reclamation, renovation and development of property.

Program Services

DescriptionGrantsExpenses
Court appointed receiver for the property formerly known as the Yankee Pedlar Inn: Stabilize abandoned and blighted property, complete environmental contamination assessment and report actions and findings to court.$89,383$112,134
Hosted two downtown Torrington CT street fairs promoting the Cultural District Committee: served 5,000 children with Halloween activities and welcomed attendees at film debut depiciting non-profit renovations by a national television program.$0$3,933
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gregory PerosinoPresident-$0--
Justin GiampaoloVice President-$0--
Lesa VanottiTreasurer-$0--
Christina EmerySecretary-$0--
Elinor CarboneDirector-$0--
William WallachDirector-$0--
Maria GonzalezDirector-$0--
Anne RuwetDirector-$0--
Alan BorghesiDirector-$0--
Brian MattielloDirector-$0--
Stephanie FriedDirector-$0--
Jenna ReichenDirector-$0--
Kristy BartosDirector-$0--
Travis LipinskiDirector-$0--
Filing and Contact Details

Filer

Filer Name
Torrington Development Corporation
EIN
04-3822794
Phone
8604964429
Address
140 Main St, Torrington, CT 06790

Signing Officer

Name
Lesa Vanotti
Title
Treasurer
Phone
8604964429
Signed
2025-10-09
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“Description;Amount^Installation of mural;1515|Building repairs;19586|Insurance;3944|Annual charity registration and filing fees;100^Total;25145^”

Raw XML Appendix188 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Gregory Perosino
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Justin Giampaolo
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Lesa Vanotti
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Christina Emery
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Elinor Carbone
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5William Wallach
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8Alan Borghesi
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9Brian Mattiello
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm12Kristy Bartos
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm13Travis Lipinski
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Secretary
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt13Director
IRS990EZ/OperateHospitalInd00
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IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0Plan, lead, direct and coordinate comprehensive efforts to improve the City of Torrington's economic base, including the purchase, reclamation, renovation and development of property.
IRS990EZ/PrintingPublicationsPostageAmt0675
IRS990EZ/ProgramServiceRevenueAmt00
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Hosted two downtown Torrington CT street fairs promoting the Cultural District Committee: served 5,000 children with Halloween activities and welcomed attendees at film debut depiciting non-profit renovations by a national television program.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description;Amount^Installation of mural;1515|Building repairs;19586|Insurance;3944|Annual charity registration and filing fees;100^Total;25145^
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Lesa Vanotti
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum08604964429
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-09
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ReturnHeader/Filer/BusinessNameControlTxt0TORR
ReturnHeader/Filer/EIN0043822794
ReturnHeader/Filer/PhoneNum08604964429
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ReturnHeader/Filer/USAddress/CityNm0Torrington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006790
ReturnHeader/Form8822BAttachedInd0X
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/ReturnTs02025-10-14T14:24:17-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)4 • <$500k nonprofits