New Water Street Corp
New York, NY · EIN 51-0292269 · Rank 2,782 by total revenue
The organization owns and leases an office building. the net profits are distributed for the benefit of a qualified pension fund for employees of state of alabama.
Money, Form 990 for tax year 2025
- Total revenue
- $221,489,213
- Total expenses
- $125,322,374
- Total assets
- $803,713,863
- Salary base (all salaries and wages)
- $5,556,601
- Salaries, other pay and benefits
- $8,247,388
- Employees
- 53
- Salary base per employee
- $104,842
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (9)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Dr David Bronner | PRESIDENT & CHAIRMAN | Board, Officer | 5 | $749,063 |
| Daniel Palino | EXECUTIVE VICE-PRESIDENT, | Officer | 40 | $472,759 |
| Timothy Salvemini | CHIEF FINANCIAL OFFICER | Officer | 40 | $402,511 |
| Scott Bridgwood | VICE-PRESIDENT OF OPERATIO | Officer | 40 | $248,855 |
| Dennis Gomez | CHIEF ENGINEER | Key employee | 40 | $214,415 |
| R Marc Green | DIRECTOR | Board | 5 | None reported |
| Bruce W Hodges Sr | DIRECTOR | Board | 5 | None reported |
| George Philip | DIRECTOR | Board | 5 | None reported |
| Thomas Milne | DIRECTOR | Board | 5 | None reported |
Top 10 paid people listed
These 10 people received $3,241,848, which is 58.3% of the $5,556,601 salary base shared by 53 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Dr David Bronner | PRESIDENT & CHAIRMAN | Board, Officer | 5 | $0 | $749,063 | $0 | $749,063 |
| Daniel Palino | EXECUTIVE VICE-PRESIDENT, | Officer | 40 | $432,151 | $0 | $40,608 | $472,759 |
| Timothy Salvemini | CHIEF FINANCIAL OFFICER | Officer | 40 | $352,960 | $0 | $49,551 | $402,511 |
| William Paolini | VICE PRESIDENT OF CONSTRUC | Highly paid employee | 40 | $229,950 | $0 | $34,664 | $264,614 |
| Scott Bridgwood | VICE-PRESIDENT OF OPERATIO | Officer | 40 | $237,868 | $0 | $10,987 | $248,855 |
| Eric Gatchalian | SR PROJECT MANAGER II | Highly paid employee | 40 | $207,678 | $0 | $33,953 | $241,631 |
| Richard Neal | CONTROLLER | Highly paid employee | 40 | $206,373 | $0 | $20,711 | $227,084 |
| Frank Grady | SR PROJECT MANAGER I | Highly paid employee | 40 | $203,503 | $0 | $21,974 | $225,477 |
| Dennis Gomez | CHIEF ENGINEER | Key employee | 40 | $214,415 | $0 | $0 | $214,415 |
| Sean Evans | CONTROLLER | Highly paid employee | 40 | $195,439 | $0 | $0 | $195,439 |
Sources
- IRS e-file return 202621259349301412 (Form 990, period ending 2025-12-31): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 51-0292269
- Organization website (as filed): www.55water.com