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PeerBasis
Compensation Comparability Determination

Ellenburg Housing Development Fund

Executive Director / CEO

EIN 141701264
NY · NTEE L21Z
FY ending 2024-12-31
June 9, 2026

This analysis benchmarks the total compensation of Jeffrey Matthews, Executive Director / CEO ($31,412) 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 39th percentile of comparable organizationswithin the typical range

Benchmarked executive: Jeffrey Matthews — reported title “manager”, selected as the organization's highest-paid individual — no exact title match, so confirm this is a comparable role.

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

$2,118 total compensation of comparable organizations → $179,760 $31,412
$18,00510th
$25,78725th
$35,735Median
$56,22575th
$113,72090th
$31,412This org · 39th
p10$18,005
p25$25,787
p50$35,735
p75$56,225
p90$113,720
$31,412

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
Boston Post Road Housing Development Fund NY$223,467 President & Ceo (Thru 4/23) $56,332 $57,996 2023
Castorland Housing Development NY$200,935 Member/site Manager $32,500 $32,500 2024
Main-best Housing Development Fund Co NY$231,860 President & C.e.o. $26,458 $25,776 2025
Nazareth House Housing Development Fund NY$192,701 Executive Director $2,057 $2,118 2023
Federation Housing Ii Inc NY$191,054 Cfo $50,911 $50,911 2024
Mental Retardation Communityservices Of Nassau County - Project NY$179,171 Chief Executive Officer $179,760 $179,760 2024
Mcgee Plaza Housing Development Fund NY$248,489 Executive Director $150,000 $154,431 2023
Harlem Restoration Project Inc NY$175,330 Exe Dir $40,000 $38,969 2025
Bronxview Housing Development NY$174,918 Treasurer/secretary $44,892 $44,892 2024
Westfall Heights Housing NY$252,359 President (Until 1/19/24) $32,299 $32,299 2024
Share Xinc NY$169,049 Executive Director $70,564 $72,648 2023
Happiness House Apartments Housing NY$154,586 President $39,934 $39,934 2024
Chase Housing Corporation NY$152,036 President & Ceo $27,698 $27,698 2024
Tb Housing Development Fund Company Inc NY$276,508 Cfo $23,006 $23,686 2023
Nycha Iii Parent Housing Development NY$147,391 President & Ceo $96,272 $96,272 2024
East 100 Housing Development Fund NY$146,193 Ceo $4,614 $4,750 2023
Spiti Housing Development Fund NY$309,417 Executive Director $24,759 $24,759 2024
Lancaster Housing Development Fund NY$313,548 Board Member/board President $25,080 $25,821 2023

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 default39th
Total compensation (D + F), as reported (no adjustments)39th
Reportable pay only (column D), adjusted89th
All sources (D + E + F), adjusted11th

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 (Jeffrey Matthews) 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 (L21) + NY + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $31,412 is reasonable (approximately the 39th 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.