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PeerBasis
Compensation Comparability Determination

Wellspring Bridge Apartments

Executive Director / CEO

EIN 208284525
KY · NTEE L21
FY ending 2024-06-30
June 9, 2026

This analysis benchmarks the total compensation of Katharine Dobbins, Executive Director / CEO ($13,611) against every comparable organization that fit the selection criteria — 115 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 36th percentile of comparable organizationswithin the typical range

Benchmarked executive: Katharine Dobbins — reported title “CHIEF EXECUTIVE OFFICER”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

115 organizations qualified on sector, size, and geography 115 within the band form the benchmarked peer set.

Distribution of comparable compensation

$2,005 total compensation of comparable organizations → $151,192 $13,611
$4,62810th
$9,59025th
$19,177Median
$32,36275th
$41,10290th
$13,611This org · 36th
p10$4,628
p25$9,590
p50$19,177
p75$32,362
p90$41,102
$13,611

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 KY 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
Nyc Partnership Housing Development NY$66,900 President & Ceo $41,265 $34,707 2024
Shirley Bridge Bungalows WA$66,720 President And Ceo $24,943 $20,786 2024
Keystone Housing Development Corporation PA$66,416 Director Of Construction $13,787 $13,175 2023
Passavant Memorial Homes Vii PA$67,562 Ceo & President $36,502 $33,881 2024
Dd Housing Incorporated CO$66,231 Chief Executive Officer $21,640 $19,314 2024
Marsh Island Corporation ME$67,997 Secretary/treasurer $35,552 $32,282 2025
Home Together Community Housing MA$68,062 Cfo Of Action Inc $9,145 $7,649 2024
Homes Of Care Ii Inc MA$68,704 President & Ceo/director $24,869 $20,801 2024
Mosaic Housing Corp Xii NE$68,885 President $26,896 $26,926 2024
Creative Housing Inc Xiii OH$64,862 President $9,011 $8,883 2024
Westhampton Senior Housing Inc MA$69,323 Executive Director $7,138 $6,399 2022
Westland Community Housing Corporation MA$69,627 President (As Of 8/22/22) $2,702 $2,327 2023
Community Services Fourth Housing NY$69,663 Director $30,342 $25,520 2024
Maxcen Housing Society Inc Kentucky Branch KY$69,790 Ceo $5,188 $5,188 2024
Shalom Apartments Of Federation PA$69,837 Executive Director $23,138 $21,477 2024
Alternatives Homes 2004 Inc NJ$70,125 Chairperson, Trustee $22,000 $18,283 2024
Greater Newark Housing Partnership Inc NJ$63,655 President & Ceo $40,688 $34,812 2023
Forty West Street Corporation MA$63,027 Chief Executive Officer $24,075 $20,731 2023
Evesham Section 811 Housing Corporation PA$62,882 President & Ceo $25,525 $24,392 2023
Community Services Second Housing NY$71,077 Director $30,342 $25,520 2024
Glenmore Housing Inc MD$71,530 Executive Director $4,329 $3,878 2023
Thomas Housing Development Corporation MD$71,681 President $36,154 $31,461 2024
Abcap Housing M Inc OH$71,704 Executive Director $41,692 $41,102 2024
Dante House Inc CA$61,860 Co-exec Directr $20,468 $16,451 2024
Independent Living Horizons Twelve Inc GA$72,061 President/ceo $21,151 $20,380 2023

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to KY 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 KY 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 default36th
Total compensation (D + F), as reported (no adjustments)31st
Reportable pay only (column D), adjusted0th
All sources (D + E + F), adjusted33rd

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 (Katharine Dobbins) 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 115 similarly situated organizations (Same NTEE sector (L21), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $13,611 is reasonable (approximately the 36th 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.