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PeerBasis
Compensation Comparability Determination

Vesta Forest Inc

Executive Director / CEO

EIN 202265785
MD · NTEE L50
FY ending 2024-06-30
June 9, 2026

This analysis benchmarks the total compensation of Jignesh Dalal, Executive Director / CEO ($21,417) against every comparable organization that fit the selection criteria — 526 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 43rd percentile of comparable organizationswithin the typical range

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

How comparable organizations were selected

526 organizations qualified on sector, size, and geography 526 within the band form the benchmarked peer set.

Distribution of comparable compensation

$87 total compensation of comparable organizations → $315,054 $21,417
$5,90810th
$12,18425th
$24,794Median
$44,70575th
$70,12090th
$21,417This org · 43rd
p10$5,908
p25$12,184
p50$24,794
p75$44,705
p90$70,120
$21,417

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 MD 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
Affordable Housing Matters Inc DC$90,363 Chairman $26,797 $25,152 2024
Woodside Village OH$90,409 Executive Director $6,211 $7,244 2023
Manor Care Of Tacoma Wa Association OH$90,124 Ceo $14,012 $15,874 2024
National Housing Associates Inc OH$90,521 President $110,000 $124,619 2024
Park Place Of Alliance Inc OH$90,023 Executive Director $13,581 $15,386 2024
Waynedale Ii Apartments Inc IN$91,062 President $44,374 $50,053 2024
Lss Housing Center Street Inc WI$89,500 President $40,683 $45,446 2024
Lss Housing Granville Inc WI$91,084 President $38,239 $43,977 2023
Leeway-scattered Site Housing Inc CT$91,224 Executive Director $29,593 $30,555 2023
Tg 106 Inc TX$89,247 Executive Director $29,794 $31,878 2024
Maxcen Housing Society Inc New York Branch NY$91,394 Ceo $5,188 $5,014 2024
Mctaggert Court Inc OH$91,553 President $9,146 $10,361 2024
Burrell Housing Springfield MO$91,600 President And Ceo - Pfh $270,117 $315,054 2023
Faith Residence Apartments Inc MN$91,636 President & $21,403 $22,621 2024
Cynthia Gardens Housing Development NY$88,911 Executive Director $12,178 $11,771 2024
Arc Apartments Inc NY$88,907 Ceo $69,638 $69,296 2023
35 Catherine Street Inc MA$88,841 President & Ceo $29,151 $28,847 2023
Vesta Four Inc MD$88,794 President $21,417 $21,417 2024
Maxcen Housing Society Inc Connecticut Branch CT$88,568 Director $5,188 $5,203 2024
High Street Homes Inc MD$88,555 Director Of Finance (Beginning 8/22) $6,036 $6,214 2023
Asi Ramsey County Inc MN$92,103 President/tr $65,715 $69,455 2024
Cla Homes Ii Corp VA$92,132 Executive Director $3,855 $3,879 2025
Proctor Community Housing Corporation MA$88,365 Ceo $38,786 $37,280 2024
Mohn Street Accessible Housinginc PA$92,206 President $35,818 $39,334 2023
Firehouse Place Inc MA$88,198 Executive Director $24,789 $23,827 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to MD 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 MD 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 default43rd
Total compensation (D + F), as reported (no adjustments)45th
Reportable pay only (column D), adjusted0th
All sources (D + E + F), adjusted60th

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 (Jignesh Dalal) 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 526 similarly situated organizations (Same NTEE major group (L), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $21,417 is reasonable (approximately the 43rd 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.