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PeerBasis
Compensation Comparability Determination

Ocean Housing Development I Inc

Executive Director / CEO

EIN 201797292
NJ · NTEE L21
FY ending 2025-06-30
June 9, 2026

This analysis benchmarks the total compensation of Kimberly Veith Lcsw, Executive Director / CEO ($42,001) against every comparable organization that fit the selection criteria — 96 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

How comparable organizations were selected

96 organizations qualified on sector, size, and geography 96 within the band form the benchmarked peer set.

Distribution of comparable compensation

$896 total compensation of comparable organizations → $343,777 $42,001
$5,83110th
$12,59625th
$25,391Median
$40,84875th
$50,76790th
$42,001This org · 78th
p10$5,831
p25$12,596
p50$25,391
p75$40,848
p90$50,767
$42,001

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.

OrganizationStateTotal revenueTotal compSource
Warren Housing Opportunities CorporationNJ $60,580$7,685 990
Building Dreams IncKY $59,695$10,744 990
Jfm No 5 CorpME $61,554$15,985 990
Traskwood Complex IncAR $58,775$28,794 990
Dante House IncCA $61,860$20,320 990
Evesham Section 811 Housing CorporationPA $62,882$30,128 990
Forty West Street CorporationMA $63,027$26,140 990
People Improving Communities AndMA $57,247$38,977 990
Passavant Memorial Homes XPA $57,143$41,849 990
Lamont House IncCA $57,063$20,320 990
Passavant Memorial Homes VPA $57,057$41,849 990
Robstown Housing Facility CorporationTX $56,963$2,717 990
Greater Newark Housing Partnership IncNJ $63,655$42,998 990
Coggins Square IncCA $56,550$122,965 990
Hamlin Hotel CorporationCA $56,218$30,648 990
Tcrc Cottonwood Cila NfpIL $55,791$22,035 990
Arc Cape May Housing IncNJ $55,752$14,478 990
Creative Housing Inc XiiiOH $64,862$10,972 990
Colosimo Apartments IncCA $55,114$8,754 990
Mental Retardation Community Serv Of Nassau Cty-project Ii IncNY $54,326$186,745 990
Dd Housing IncorporatedCO $66,231$23,856 990
Keystone Housing Development CorporationPA $66,416$896 990
Shirley Bridge BungalowsWA $66,720$25,674 990
Nyc Partnership Housing DevelopmentNY $66,900$42,869 990
Wellspring Bridge ApartmentsKY $66,927$16,812 990

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 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)90th
Reportable pay only (column D), adjusted0th
All sources (D + E + F), adjusted58th

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 (Kimberly Veith Lcsw) 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 96 similarly situated organizations (Same NTEE sector (L21), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $42,001 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). 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.