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PeerBasis
Compensation Comparability Determination

Independence Ii Inc

Executive Director / CEO

EIN 201329143
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 — 60 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 78th 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

60 organizations qualified on sector, size, and geography 60 within the band form the benchmarked peer set.

Distribution of comparable compensation

$10 total compensation of comparable organizations → $273,056 $59,141
$7,73410th
$11,94725th
$22,422Median
$49,80675th
$75,46990th
$59,141This org · 78th
p10$7,734
p25$11,947
p50$22,422
p75$49,806
p90$75,469
$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
Prebleway I Inc OH$37,734 President/ceo $10,071 $11,947 2024
Court Street Village Non-profit Housing Corporation MI$37,609 Executive Director $55,000 $65,461 2023
New Americans Community Development MA$37,548 President $30,141 $31,232 2023
Housing Works 220 Hull Housing NY$37,220 Secretary $27,348 $28,496 2023
Northside Senior Housing Inc CA$38,203 Vice President & Cfo/director $120,312 $119,796 2023
Opportunity Center Hdc Inc CA$38,204 Ceo $5,914 $5,889 2023
Southstar Deborah House IL$37,042 President/ceo $9,230 $10,464 2023
Bridgewell Danvers Housing Corporation MA$38,704 Ceo $21,300 $22,071 2023
Prebleway Ii Inc OH$39,170 President/ceo $10,071 $11,947 2024
Tennessee Valley Realty Llc TN$39,319 President & Ceo $11,856 $13,958 2024
Adirondack Community Housing Trust NY$39,345 Executive Director $24,122 $24,413 2024
Fellowship Realty Corp Of Massachusetts Inc RI$35,635 President $45,988 $50,848 2023
Fmf Housing MN$40,028 Executive Director $246,728 $273,056 2024
Southwest Neighborhood Housing Corp CO$34,711 Executive Director $8,935 $9,596 2024
Partnership Housing Inc CA$34,591 Chief Executive Officer $12,105 $12,053 2023
Hba Charitable & Educational MI$34,044 Executive Officer $7,030 $8,127 2024
Alaw Ogden Gardens Inc PA$33,948 Director Of Construction $13,787 $15,854 2023
Brenner Avenue Of Salisbury NC$41,506 Executive Director $44,292 $51,258 2024
Somersworth Community Development NH$33,722 Member $10 $10 2024
Tau Crossing Housing Corporation WI$41,746 President (Thru June 2024) $8,312 $9,723 2024
Fswp-gl V Inc PA$33,611 Ceo $28,093 $32,305 2023
Ardsley Housing Development Fund Corp NY$41,821 Executive Dir. $12,106 $12,252 2024
Center For Housing Resources TX$33,160 Executive Dir. $86,029 $96,384 2024
Mullica Hill Snh Inc NJ$42,903 President And Ceo $64,324 $66,224 2023
Rotary Valley Inc CA$32,377 Evp/cfo $120,262 $116,310 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 default78th
Total compensation (D + F), as reported (no adjustments)82nd
Reportable pay only (column D), adjusted0th
All sources (D + E + F), adjusted93rd

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 60 similarly situated organizations (Same NTEE sector (L20), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $59,141 is reasonable (approximately the 78th 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.