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PeerBasis
Compensation Comparability Determination

Boc Development Corporation

Executive Director / CEO

EIN 202660238
NY · NTEE S31
FY ending 2023-06-30
June 9, 2026

This analysis benchmarks the total compensation of Nancy Carin, Executive Director / CEO ($34,036) against every comparable organization that fit the selection criteria — 89 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 28th percentile of comparable organizationswithin the typical range

Benchmarked executive: Nancy Carin — reported title “President”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

89 organizations qualified on sector, size, and geography 89 within the band form the benchmarked peer set.

Distribution of comparable compensation

$61 total compensation of comparable organizations → $258,028 $34,036
$9,35710th
$26,80425th
$65,321Median
$96,84875th
$127,59690th
$34,036This org · 28th
p10$9,357
p25$26,804
p50$65,321
p75$96,848
p90$127,596
$34,036

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
Campaign For A Drug Free Westside IL$260,009 Ceo $56,950 $60,182 2024
Community Investment Corporation IL$257,035 President $68,779 $72,683 2024
Custer Economic Development NE$267,078 Executive Di $56,500 $65,321 2024
Aaa Residential Resources Inc TN$269,539 President And Executive Director $50,000 $56,494 2024
Midtown Elizabeth District Management Corporation Inc NJ$253,742 Executive Director $84,904 $81,484 2024
Plainfield Central Business District Management Co NJ$253,657 Executive Director $88,846 $85,267 2024
Development Chenango Corporation NY$252,762 Executive Director $16,323 $16,323 2023
Downtown Eau Claire Inc WI$272,356 Executive Di $2,179 $2,446 2024
East Falls Development Corporation PA$251,481 Exec Director $77,449 $83,020 2024
Frameworks Community Development TX$272,890 Executive Director $125,634 $135,087 2024
City Of Kingston Local Development NY$249,090 Executive Director $17,348 $16,850 2024
Brooks Gives Back Inc TX$274,902 President & Ceo $40,675 $43,735 2024
Lemmon Area Charitable And SD$276,018 Executive Dir. $43,200 $51,249 2024
Natick Center Associates Inc MA$247,738 Executive Di $21,875 $21,129 2024
Aransas County Partnership Edc TX$247,377 President $126,000 $135,480 2024
Northeastern Economic Development Company Of Pa PA$247,257 President And Executive Direc $50,000 $55,179 2023
Foundation For A Sustainable Community VA$246,477 Ceo $16,000 $16,606 2024
Main-dempster Mile IL$245,988 Executive Director $75,000 $79,256 2024
Cultivala Inc CA$279,547 President $43,680 $41,740 2023
Stevens County Eic Inc MN$241,904 Executive Di $117,188 $124,468 2024
Parkrose Npi OR$241,082 Executive Dir. $48,750 $48,663 2024
Louisville Asset Building Coalition Inc KY$283,128 Program Director $65,720 $73,940 2025
Tww Nyc Solidarity Inc NY$240,000 President $101,737 $98,818 2024
South Waterfront Community Relations OR$284,115 Executive Director $141,500 $141,247 2024
Akron Development Corporation OH$284,160 Vice President $51,130 $59,930 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 2023 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 default28th
Total compensation (D + F), as reported (no adjustments)28th
Reportable pay only (column D), adjusted0th
All sources (D + E + F), adjusted90th

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 (Nancy Carin) 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 89 similarly situated organizations (Same NTEE sector (S31), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $34,036 is reasonable (approximately the 28th 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.