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PeerBasis
Compensation Comparability Determination

Independence I Inc

Executive Director / CEO

EIN 201270189
NJ · NTEE L20
FY ending 2024-06-30
June 9, 2026

This analysis benchmarks the total compensation of Derry Holland, Executive Director / CEO ($59,141) against every comparable organization that fit the selection criteria — 47 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 72nd percentile of comparable organizationswithin the typical range

Benchmarked executive: Derry Holland — reported title “PRESIDENT”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

47 organizations qualified on sector, size, and geography 47 within the band form the benchmarked peer set.

Distribution of comparable compensation

$893 total compensation of comparable organizations → $245,484 $59,141
$7,98510th
$16,55225th
$28,098Median
$59,14175th
$96,46290th
$59,141This org · 72nd
p10$7,985
p25$16,552
p50$28,098
p75$59,141
p90$96,462
$59,141

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 NJ 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
Creative Housing Inc Viii OH$19,886 President $8,713 $10,641 2023
Comact Housing Corporation CO$19,487 Executive Director Of Housing $25,667 $28,380 2023
Wynnton Neighborhood Housing Inc GA$19,043 Ex-officio Exec Secretary $24,000 $27,028 2024
Block 23 Housing Corporation CO$20,670 Ceo $29,760 $32,905 2023
Maher Homes Inc MD$20,831 President $20,272 $21,854 2023
Center For Building In NY$18,535 President $171,825 $179,037 2023
Walker Housing Fund Dima-fi Lm NJ$18,423 Trustee $16,309 $16,791 2023
Acacia Puerto Rico Inc NY$21,000 President $101,830 $103,060 2024
Help Opportunities And Programs CA$21,416 President $3,000 $2,901 2024
Community Services Housing Development NY$17,948 Executive Dir. $9,231 $9,343 2024
Miriam And Robert M Rieder House Inc PA$21,471 Executive Director $23,138 $25,843 2024
Stuart Retirement Homes Inc IA$21,532 President $728 $893 2024
Boston Homeowner Services Collaborative MA$21,771 Chief Executive Officer $39,784 $41,224 2023
Porchlight Foundation Inc WI$21,976 Secretary $30,000 $36,128 2023
Elks National Home And Retirement Center IL$22,052 Grand Secretary $21,257 $23,406 2024
Compass Foundation NV$17,067 President $30,000 $33,680 2024
Tarheel Regional Community Development Corporation NC$22,625 President $12,000 $14,297 2023
Sands Drive Housing Inc CA$16,528 Executive Director $246,543 $245,484 2023
Polaris Endeavors Inc FL$22,932 Ceo/secretary $29,980 $31,544 2024
Clc Fund For The Disabled Inc NY$22,955 Ceo (Through 9/30/2024) $19,131 $19,362 2024
Kentucky Realtors Relief Foundation Inc KY$16,320 Chief Executive Officer $16,051 $19,885 2023
Salt & Light Housing I Inc NJ$23,305 President $59,141 $59,141 2024
Piney Ridge Apartments Corporation VA$23,436 Executive Director $57,939 $64,507 2023
Good Deeds And Good Seeds TX$23,615 President $4,800 $5,378 2024
Kendal At Ventura CA$23,968 Ceo $23,179 $22,417 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to NJ 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 NJ 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 default72nd
Total compensation (D + F), as reported (no adjustments)79th
Reportable pay only (column D), adjusted0th
All sources (D + E + F), adjusted83rd

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 (Derry Holland) 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 47 similarly situated organizations (Same NTEE major group (L), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $59,141 is reasonable (approximately the 72nd 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.