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PeerBasis
Compensation Comparability Determination

Lowell Development & Financial Corp

Executive Director / CEO

EIN 042603693
MA · NTEE S310
FY ending 2024-06-30
June 9, 2026

This analysis benchmarks the total compensation of Allison Lamey, Executive Director / CEO ($151,318) against every comparable organization that fit the selection criteria — 103 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 83rd percentile of comparable organizationswithin the typical range

Benchmarked executive: Allison Lamey — reported title “EXECUTIVE DI”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

103 organizations qualified on sector, size, and geography 103 within the band form the benchmarked peer set.

Distribution of comparable compensation

$1,302 total compensation of comparable organizations → $267,130 $151,318
$17,48910th
$56,32625th
$93,797Median
$122,90375th
$176,48590th
$151,318This org · 83rd
p10$17,489
p25$56,326
p50$93,797
p75$122,903
p90$176,485
$151,318

Comparable organizations

Each figure is Form 990 Part VII columns D + F (reportable pay plus other compensation and benefits; column F may include amounts from related organizations), normalized to MA cost of living (BEA RPP, 2023) and to its filing year (CPI-U); the reported amount is on each linked 990.

OrganizationStateRevenueMatched titleComp
(reported)
Comp
(adjusted)
FY
Bayview Community Development Corp CA$453,216 Vice Chairman $12,000 $11,531 2024
Central Region Innovation And KY$450,611 Executive Director $48,082 $59,184 2023
University District Development Associat WA$449,817 Ceo - Officer $139,201 $138,688 2024
Michigan Faith In Action MI$448,959 Executive Di $61,700 $70,870 2024
Pyramid Community Development Corporatio OH$448,140 Executive Direcotr $38,514 $45,394 2024
Certified Development Corporation SC$447,388 Director $1,875 $2,177 2024
Vibe District Virginia Beach VA$446,533 Executive Director $91,406 $98,214 2024
Dania Economic Development Corp Inc FL$474,716 Executive Director $92,065 $103,151 2022
Avatar Non-profit Inc FL$475,621 President $5,000 $5,227 2024
Pemiscot County Initiative Network MO$441,365 Director $52,977 $60,831 2025
Conyers Rockdale Economic Deve GA$436,100 Exec Director $125,750 $144,860 2023
Midlands Latino Community Development NE$483,552 Executive Director $112,800 $138,999 2023
Fly Sun Valley Alliance Inc ID$427,621 Executive Di $135,752 $160,704 2024
Downtown Pkb Inc WV$423,548 Executive Di $66,121 $79,669 2024
Menomonee Valley Partners Inc WI$420,413 Executive Director $105,614 $126,370 2023
Colorado Thrives CO$497,226 Executive Director $170,630 $182,073 2024
Lake Norman Community Development NC$498,609 Executive Di $46,500 $53,468 2024
Chico Economic Planning Corporation CA$417,941 Executive Director $104,004 $102,892 2023
Rebuilding Together Metro Denver Inc CO$501,462 Executive Director $111,750 $119,244 2024
Burlington Community Development Corp VT$415,198 President $19,449 $22,427 2023
Tacony Community Development Corpor PA$414,614 Interim Executive Director $55,846 $61,975 2024
Atlantic Avenue District Management NY$503,378 Executive Dir. $101,000 $101,563 2024
Great River Economic Dev Foundation IL$503,489 President $102,700 $112,357 2024
Rolland Curtis Commercial Qalicb Inc CA$413,513 President $29,689 $28,529 2024
The Peoples Place Inc CT$412,013 Executive Director $50,769 $52,972 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to MA cost of living and 2024 dollars. Click any organization to verify the figure on ProPublica.

Methodology

Comparable organizations were drawn from electronically filed IRS Form 990 returns and matched on sector (NTEE code), budget (a size-adaptive revenue band that tightens as the organization grows), and geography (same-state first, broadening only when too few peers qualify); every organization within the band forms the peer set. To compare fairly across regions and years, peer compensation is normalized to MA cost of living (BEA Regional Price Parities, 2023) and to the subject's filing year (CPI-U). The figure benchmarked is Form 990 Part VII, Section A, columns D + F — reportable pay plus other compensation, benefits, and deferred amounts (column F may include amounts from related organizations) — with the chief executive matched by role. Related-organization amounts (column E) and institutional trustees are excluded. Full methodology: peerbasis.org/methodology.

Sample, role match & sensitivity

Sensitivity — the subject's percentile under alternative compensation definitions:

BasisSubject percentile
Total compensation (D + F), cost-of-living + inflation adjusted — the PeerBasis default83rd
Total compensation (D + F), as reported (no adjustments)88th
Reportable pay only (column D), adjusted81st
All sources (D + E + F), adjusted72nd

If the percentile moves materially across these definitions, the result is sensitive to methodology choices, and the board should weigh which basis best fits its facts.

Rebuttable presumption of reasonableness · 26 CFR 53.4958-6

Compensation paid by a tax-exempt organization is presumed reasonable — shifting the burden to the IRS — when three requirements are met. This report supplies the comparability data for the second. The board should record the following in its minutes concurrently with its decision:

Draft board minutes — executive compensation

  1. The compensation of the Executive Director / CEO (Allison Lamey) was approved in advance by [the Board / Compensation Committee], composed of members with no conflict of interest with respect to the arrangement.
  2. Prior to its determination, the authorized body obtained and relied upon appropriate comparability data, namely the PeerBasis Compensation Comparability Determination dated June 9, 2026, comparing compensation against 103 similarly situated organizations (Same NTEE sector (S31), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $151,318 is reasonable (approximately the 83rd percentile of comparable organizations) and documented the basis for this determination concurrently, on [date], by a vote of [__ for / __ against].

Sources: IRS Form 990 e-file data (apps.irs.gov); IRS Business Master File (NTEE classification). Every figure traces to an original public filing — click any organization above to verify it on ProPublica. PeerBasis is a service of Prismind Analytics; its methodology is published, was commissioned for independent adversarial review, and discloses its own limitations. This report is comparability data to support a board's good-faith determination under IRC 4958; it is not legal or tax advice. Generated by PeerBasis on June 9, 2026.