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PeerBasis
Compensation Comparability Determination

Spiti Housing Development Fund

Executive Director / CEO

EIN 133192504
NY · NTEE L210
FY ending 2024-06-30
June 9, 2026

This analysis benchmarks the total compensation of Stacy Bliagos, Executive Director / CEO ($24,759) against every comparable organization that fit the selection criteria — 20 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 30th percentile of comparable organizationswithin the typical range

Benchmarked executive: Stacy Bliagos — reported title “EXECUTIVE DIRECTOR”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

20 organizations qualified on sector, size, and geography 20 within the band form the benchmarked peer set.

Distribution of comparable compensation

$4,800 total compensation of comparable organizations → $177,159 $24,759
$7,12510th
$21,90225th
$29,660Median
$51,70875th
$108,33990th
$24,759This org · 30th
p10$7,125
p25$21,902
p50$29,660
p75$51,708
p90$108,339
$24,759

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.

OrganizationStateRevenueMatched titleComp
(reported)
Comp
(adjusted)
FY
Lancaster Housing Development Fund NY$313,548 Board Member/board President $25,080 $25,821 2023
Loretto-malta Manor Housing Development NY$330,815 Chairperson $27,907 $27,907 2024
Vanmew Housing Development NY$334,251 Executive Di $7,598 $7,598 2024
Hsc No 6 Housing Development Fu NY$334,685 Accountant $4,800 $4,800 2024
Vip West 184th Street Hdfc NY$336,879 President/ceo $50,896 $52,399 2023
Tb Housing Development Fund Company Inc NY$276,508 Cfo $23,006 $23,686 2023
58-60 Manhattan Avenue Housing NY$347,565 Vice President $4,935 $4,808 2025
Westfall Heights Housing NY$252,359 President (Until 1/19/24) $32,299 $32,299 2024
45th Avenue Housing Company NY$368,486 President/ceo/director $103,218 $103,218 2024
Mcgee Plaza Housing Development Fund NY$248,489 Executive Director $150,000 $154,431 2023
Oswego Housing Development Council Inc NY$375,888 Excutive Director $50,000 $51,477 2023
Gregene Housing Development NY$376,891 Executive Di $7,170 $7,382 2023
New Hull Street Housing Development Fund NY$379,115 President $38,386 $39,520 2023
Main-best Housing Development Fund Co NY$231,860 President & C.e.o. $26,458 $25,776 2025
Boston Post Road Housing Development Fund NY$223,467 President & Ceo (Thru 4/23) $56,332 $57,996 2023
Ph Affordable Housing Fund Inc NY$395,703 President/ceo $172,076 $177,159 2023
Habitat For Humanity Dean Street Housing NY$402,485 Treasurer Until June 2023 $32,660 $33,625 2023
Ellenburg Housing Development Fund NY$212,855 Manager $31,412 $31,412 2024
Cypress West Housing Development Fund NY$426,455 Ceo $25,826 $25,826 2024
Semiperm Housing Development NY$439,815 President (Through 2/23/24) $16,551 $16,551 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to NY 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 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 default30th
Total compensation (D + F), as reported (no adjustments)30th
Reportable pay only (column D), adjusted0th
All sources (D + E + F), adjusted35th

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 (Stacy Bliagos) 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 20 similarly situated organizations (Same NTEE sector (L21) + NY + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $24,759 is reasonable (approximately the 30th 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.