Organizations Filed Purposes:
TO FURTHER THE ECONOMIC DEVELOPMENT OF THE NORWICH COMMUNITY THROUGH GROWTH AND DEVELOPMENT OF THE NORWICH BUSINESS PARK, REVITALIZATION OF THE DOWNTOWN NORWICH AREA, AND PRESERVATION OF THE HISTORIC NORWICH HARBOR AND WATERFRONT, BY RECOGNIZING EXISTING INDUSTRY AND COMMERCE, FURTHERING THEIR EXPANSION, AND ENCOURAGING AND ASSISTING IN ATTRACTING NEW DEVELOPMENT FOR THE COMMUNITY AND THE NORWICH AREA.
MERCANTILE EXCHANGE - NORWICH COMMUNITY DEVELOPMENT CORPORATION OWNS AN $18.9 MILLION, 81,000 SQUARE FOOT BUILDING IN DOWNTOWN NORWICH. THIS BUILDING HAS A 20-YEAR LEASE FOR WHICH NCDC IS THE LESSOR. THIS IS SHOWN AS A CAPITAL LEASE RECIEVABLE ON THE BOOKS.
DOWNTOWN AND BOND PROGRAM - OVERSEEING THE CITY OF NORWICH'S REVITALIZATION INITIATIVE FOR DOWNTOWN NORWICH. THE PROGRAM IS MADE UP OF THREE COMPONENTS: FUNDING FOR CODE UPGRADES, A REVOLVING LOAN FUND AND LEASE SUBSIDIES FOR QUALIFYING BUSINESSES.
GENERAL ECONOMIC DEVELOPMENT - THIS PROGRAM SUPPORTS THE MANY OTHER ECONOMIC DEVELOPMENT RESOURCES FOR THE CITY OF NORWICH AND EASTERN CONNECTICUT.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Robert Mills | PRESIDENT | 40 | $131,758 |
| Chris Larose | DIRECTOR | 0.3 | $0 |
| Peter Nystrum | DIRECTOR | 0.3 | $0 |
| Rebecca Alberts | VICE CHAIRMAN | 0.3 | $0 |
| Stacie Lambert | TREASURER | 0.3 | $0 |
| John Salomone | DIRECTOR | 0.3 | $0 |
| Stephen Smith | DIRECTOR | 0.3 | $0 |
| Michael Rauh | DIRECTOR | 0.3 | $0 |
| Frank Manfredi | DIRECTOR | 0.3 | $0 |
| Dr Grace Jones -Left Board | DIRECTOR | 0.3 | $0 |
| Stacy Gould | DIRECTOR | 0.3 | $0 |
| Kathy Lacombe | DIRECTOR | 0.3 | $0 |
| John Harrold - Left Board | DIRECTOR | 0.3 | $0 |
| Stephanie Fielding | SECRETARY | 0.5 | $0 |
| Carl Reiser - Left Board | TREASURER | 0.5 | $0 |
| John Bilda - Left Board | VICE CHAIRMAN | 0.5 | $0 |
| Robert Buckley | CHAIRMAN | 0.5 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202031969349302523_public.xml