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PeerBasis
Compensation Comparability Determination

Noble Housing Corporation

Executive Director / CEO

EIN 223253539
ME · NTEE L210
FY ending 2024-12-31
June 9, 2026

This analysis benchmarks the total compensation of Eric Boucher, Executive Director / CEO ($47,322) against every comparable organization that fit the selection criteria — 213 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 63rd percentile of comparable organizationswithin the typical range

Benchmarked executive: Eric Boucher — reported title “INTERIM PRESIDENT AND CEO”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

213 organizations qualified on sector, size, and geography 213 within the band form the benchmarked peer set.

Distribution of comparable compensation

$354 total compensation of comparable organizations → $172,259 $47,322
$8,93510th
$21,86625th
$37,450Median
$55,95875th
$66,76290th
$47,322This org · 63rd
p10$8,935
p25$21,866
p50$37,450
p75$55,958
p90$66,762
$47,322

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 ME 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
Westfall Heights Housing NY$252,359 President (Until 1/19/24) $32,299 $29,147 2024
Delano Commons Senior Housing MN$252,437 Executive Vp Of Commonbond Housing $18,918 $19,220 2023
Chickasaw Development Corporation AL$254,207 Secretary Treasurer $8,265 $8,917 2024
Snhs Elderly Housing Xi Inc NH$254,568 Treasurer $53,564 $48,119 2025
Serv Center Housing Corporation NJ$255,242 President $58,960 $52,571 2024
Lutheran Housing Of La Crosse Inc WI$249,199 Chief Executive Officer $73,275 $76,423 2024
Mcgee Plaza Housing Development Fund NY$248,489 Executive Director $150,000 $139,361 2023
Alexandria Senior Housing Inc MN$247,725 President & Ceo $41,871 $41,318 2024
Edith Street Apartments Inc CA$257,405 Former Exec Dir $15,870 $14,090 2023
The Crossings Of Amelia Inc OH$258,565 Chief Executive Officer $8,517 $9,009 2024
West Central Missouri Oaktree Villa MO$259,046 Chief Executive Officer $24,797 $25,553 2025
Plaza Del Sol Manor Inc CO$261,876 Executive Dir. $34,362 $32,905 2024
Snhs Elderly Housing Vi Inc NH$242,562 Treasurer $53,564 $48,119 2025
Asi Mobile Inc MN$242,462 President/tr $68,006 $65,378 2025
Reach Apartments Inc OR$241,618 President & Ceo (Until Oct. 2023) $27,042 $25,820 2023
Independent Living Horizons Thirteen In GA$241,393 President/ceo $21,151 $21,866 2023
Hart Residences Inc CT$263,431 Executive Di $11,320 $10,912 2023
Sanctuary Village PA$240,537 Executive Di $98,654 $98,249 2024
Minnehaha County Supportive Housing MN$264,357 President/tr $65,715 $66,762 2023
Albemarle Older Adult Housing Inc NC$240,107 President/ceo $48,900 $50,459 2024
Snhs Elderly Housing V Inc NH$268,258 Treasurer $53,564 $48,119 2025
Good Shepherd Of Washington WI$236,337 President And Ceo $33,743 $35,193 2024
Eastmont Court Inc CA$236,288 Ceo $47,732 $42,377 2023
Our Neighbors Inc NC$268,874 Executive Dir. $39,000 $39,206 2025
Plazas De Merced CO$269,480 Vice President $34,402 $33,916 2023

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to ME 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 ME 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 default63rd
Total compensation (D + F), as reported (no adjustments)60th
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 (Eric Boucher) 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 213 similarly situated organizations (Same NTEE sector (L21), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $47,322 is reasonable (approximately the 63rd 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.