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PeerBasis
Compensation Comparability Determination

East 54th Street Housing Development

Executive Director / CEO

EIN 113669550
NY · NTEE L20
FY ending 2023-12-31
June 9, 2026

This analysis benchmarks the total compensation of David Greenfield, Executive Director / CEO ($60,217) against every comparable organization that fit the selection criteria — 18 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 56th percentile of comparable organizationswithin the typical range

How comparable organizations were selected

18 organizations qualified on sector, size, and geography 18 within the band form the benchmarked peer set.

Distribution of comparable compensation

$7,500 total compensation of comparable organizations → $175,264 $60,217
$25,87610th
$36,29025th
$58,432Median
$71,18775th
$121,61790th
$60,217This org · 56th
p10$25,876
p25$36,290
p50$58,432
p75$71,187
p90$121,617
$60,217

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 NY cost of living (BEA RPP, 2023) and to its filing year (CPI-U); the reported amount is on each linked 990.

OrganizationStateTotal revenueTotal compSource
Ocl Properties Ix IncNY $147,783$71,187 990
Ocl Properties Xi IncNY $141,772$71,187 990
Fernclif Housing Development FundNY $162,877$58,380 990
385 Third Avenue Housing DevelopmentNY $166,146$60,217 990
Bailey Holt House Housing DevelopmentNY $167,092$29,779 990
Loretto Apartments At O'brien RoadNY $171,702$27,106 990
Phipps Affordable Housing Support CorpNY $122,719$175,264 990
Niagara Village Housing Development FundNY $177,900$23,006 990
Ocl Properties Viii IncNY $180,843$71,187 990
Mental Retardation Community Services Of Nassau County-projectNY $113,605$174,603 990
Share Xi IncNY $113,510$70,564 990
Vip Rjp Housing Development FundNY $187,328$50,896 990
Aim Community Living IncNY $108,072$35,624 990
White's Livery Housing DevelopmentNY $106,819$7,500 990
Habitat For Humanity Of GeneseeNY $103,514$50,860 990
Norfolk Housing Development FundNY $215,841$38,288 990
Acacia Real Estate Development IncNY $218,550$98,909 990
Long Island Housing PartnershipNY $223,347$58,483 990

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 NY 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 default56th
Total compensation (D + F), as reported (no adjustments)56th
Reportable pay only (column D), adjusted0th
All sources (D + E + F), adjusted78th

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 (David Greenfield) 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 18 similarly situated organizations (Same NTEE sector (L20) + NY + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $60,217 is reasonable (approximately the 56th 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). 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.