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PeerBasis
Compensation Comparability Determination

Natick Center Associates Inc

Executive Director / CEO

EIN 043263050
MA · NTEE S31Z
FY ending 2024-12-31
June 9, 2026

This analysis benchmarks the total compensation of Paul Joseph May -December, Executive Director / CEO ($21,875) against every comparable organization that fit the selection criteria — 86 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 20th percentile of comparable organizationsbelow the typical range for comparable organizations

Benchmarked executive: Paul Joseph May -December — reported title “EXECUTIVE DI”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

86 organizations qualified on sector, size, and geography 86 within the band form the benchmarked peer set.

Distribution of comparable compensation

$62 total compensation of comparable organizations → $267,130 $21,875
$10,17910th
$33,62225th
$71,582Median
$102,25875th
$138,97090th
$21,875This org · 20th
p10$10,179
p25$33,622
p50$71,582
p75$102,258
p90$138,970
$21,875

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
Aransas County Partnership Edc TX$247,377 President $126,000 $140,259 2024
Northeastern Economic Development Company Of Pa PA$247,257 President And Executive Direc $50,000 $57,126 2023
Foundation For A Sustainable Community VA$246,477 Ceo $16,000 $17,192 2024
City Of Kingston Local Development NY$249,090 Executive Director $17,348 $17,445 2024
Main-dempster Mile IL$245,988 Executive Director $75,000 $82,053 2024
East Falls Development Corporation PA$251,481 Exec Director $77,449 $85,949 2024
Development Chenango Corporation NY$252,762 Executive Director $16,323 $16,899 2023
Stevens County Eic Inc MN$241,904 Executive Di $117,188 $128,859 2024
Plainfield Central Business District Management Co NJ$253,657 Executive Director $88,846 $88,275 2024
Midtown Elizabeth District Management Corporation Inc NJ$253,742 Executive Director $84,904 $84,358 2024
Parkrose Npi OR$241,082 Executive Dir. $48,750 $50,380 2024
Tww Nyc Solidarity Inc NY$240,000 President $101,737 $102,304 2024
Community Investment Corporation IL$257,035 President $68,779 $75,247 2024
Urban City Codes Technology And Community Resource OH$238,007 President $45,538 $55,259 2023
Campaign For A Drug Free Westside IL$260,009 Ceo $56,950 $62,305 2024
Boc Development Corporation NY$261,928 President $34,036 $35,236 2023
Downtown Development Corporation IL$233,430 President $24,993 $27,343 2024
Economic Development Unit Inc LA$232,038 President $50 $62 2023
Tampa Bay Partnership For Regional FL$231,371 President & Ceo $14,175 $14,819 2024
Circle Of Life Development Foundation CA$230,432 Cheif Executive Officer $45,000 $50,055 2021
Custer Economic Development NE$267,078 Executive Di $56,500 $67,625 2024
Aaa Residential Resources Inc TN$269,539 President And Executive Director $50,000 $58,486 2024
Keystone Community Corporation MO$225,809 President $8,250 $9,724 2024
Klamath Falls Downtown Association OR$224,126 Executive Director $44,440 $47,282 2023
Downtown Eau Claire Inc WI$272,356 Executive Di $2,179 $2,532 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 default20th
Total compensation (D + F), as reported (no adjustments)21st
Reportable pay only (column D), adjusted30th
All sources (D + E + F), adjusted9th

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 (Paul Joseph May -December) 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 86 similarly situated organizations (Same NTEE sector (S31), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $21,875 is reasonable (approximately the 20th 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.