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PeerBasis
Compensation Comparability Determination

Ocean Housing Development Iii Inc

Executive Director / CEO

EIN 204852205
NJ · NTEE L20
FY ending 2024-06-30
June 9, 2026

This analysis benchmarks the total compensation of Kimberly Veith, Executive Director / CEO ($40,426) against every comparable organization that fit the selection criteria — 157 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 68th percentile of comparable organizationswithin the typical range

Benchmarked executive: Kimberly Veith — reported title “PRES/CEO NON”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

157 organizations qualified on sector, size, and geography 157 within the band form the benchmarked peer set.

Distribution of comparable compensation

$913 total compensation of comparable organizations → $329,898 $40,426
$8,15310th
$16,37825th
$29,265Median
$42,39675th
$78,26090th
$40,426This org · 68th
p10$8,153
p25$16,378
p50$29,265
p75$42,396
p90$78,260
$40,426

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
First Shared Housing Corp PA$76,617 Asst Secretary $7,018 $7,839 2024
Abilities At St Andrews Cove Inc FL$77,093 President/ceo $38,173 $41,351 2023
Bucks Villa Inc PA$77,189 Ceo (Thru. 12/24) $9,365 $10,191 2025
Central Coast Housing Corporation CO$76,221 Vice President $45,695 $49,075 2024
Middletown Homes Inc NJ$77,446 Chief Executive Officer $29,476 $29,476 2024
Habitat For Humanity Of Greater Watertown Region SD$77,452 Executive Director $55,592 $70,747 2023
Washington Court Inc NH$75,524 Executive Director $1,242 $1,251 2025
Vesta Twelve Inc MD$75,392 President $21,417 $22,426 2024
Advance Housing 2000 Inc NJ$78,254 Member & Ceo $25,881 $25,881 2024
Family Services Of Western Pennsylvania PA$74,768 Ceo $28,093 $32,305 2023
Asi - Golden Valley Inc MN$78,963 President/tr $65,715 $74,875 2023
Ocean Housing Development Ii Inc NJ$79,485 Pres/ceo Non $42,001 $40,918 2025
Ican Garden Apartments Inc OH$73,950 Executive Director $13,581 $16,111 2024
Ottey Homes Inc MD$73,737 President $20,272 $21,854 2023
Abilities At Woodside Inc FL$73,554 President/ceo $38,173 $41,351 2023
Tsi Properties I Inc NY$73,522 Assist Secret(nonvoting)/ceo-tsiny $100,627 $104,851 2023
Lackawanna Neighbors Inc PA$80,030 Executive Di $10,675 $11,923 2024
Montgomery Housing Inc MD$80,042 President $20,272 $21,854 2023
721 East 6th Street Housing Development NY$73,334 Executive Director $2,057 $2,144 2023
Collin's Way Inc MD$80,305 Ceo $7,826 $8,195 2024
Share Ix Inc NY$80,338 Executive Director $70,564 $73,526 2023
Castleton Homes Inc MD$80,376 President & Ceo $20,896 $22,527 2023
Newbridge Housing I Inc NJ$73,081 Ceo $4,464 $4,464 2024
Allies Homes Inc NJ$73,058 Chief Executive Officer $29,476 $29,476 2024
Vesta Enteka Inc MD$73,017 President $21,417 $22,426 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 default68th
Total compensation (D + F), as reported (no adjustments)76th
Reportable pay only (column D), adjusted0th
All sources (D + E + F), adjusted54th

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) 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 157 similarly situated organizations (Same NTEE sector (L20), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $40,426 is reasonable (approximately the 68th 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.