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PeerBasis
Compensation Comparability Determination

Morris County Affordable Housing

Executive Director / CEO

EIN 223369954
NJ · NTEE L20
FY ending 2023-12-31
June 9, 2026

This analysis benchmarks the total compensation of Lucille Favale, Executive Director / CEO ($4,736) against every comparable organization that fit the selection criteria — 219 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 5th percentile of comparable organizationsbelow the typical range for comparable organizations

Benchmarked executive: Lucille Favale — reported title “Director”, selected as the organization's highest-paid individual — no exact title match, so confirm this is a comparable role.

How comparable organizations were selected

219 organizations qualified on sector, size, and geography 219 within the band form the benchmarked peer set.

Distribution of comparable compensation

$438 total compensation of comparable organizations → $251,535 $4,736
$9,19910th
$20,09525th
$36,727Median
$60,94575th
$79,49090th
$4,736This org · 5th
p10$9,199
p25$20,095
p50$36,727
p75$60,945
p90$79,490
$4,736

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
Salishan Apartments Inc CA$144,446 Secretary/treasurer $37,437 $36,207 2023
Habitat For Humanity South Carolina SC$144,857 Executive Dir. $76,256 $89,102 2023
Ocean Housing Foundation CA$144,987 Chief Executive Officer $61,000 $58,996 2023
Appleton Housing Corporation MA$143,893 President (As Of 8/22/22) $2,702 $2,719 2023
Southeastern Ohio H E A R T Inc OH$143,800 President $24,000 $27,653 2024
Fort Hill Avenue Inc MA$145,235 President (As Of 8/22/22) $2,702 $2,719 2023
Merrimack Housing Corporation MA$143,623 President (As Of 8/22/22) $2,702 $2,719 2023
Hardin County Housing Development Inc OH$143,502 Maintenance Manager $43,051 $51,070 2023
F W Residential Properties Inc IL$143,152 Chair $19,355 $20,167 2025
Carbondale Supportive Housing Inc MN$142,529 President/tr $65,715 $72,727 2023
The Village At Oasis Park Phase I AZ$146,482 Ceo $47,886 $50,100 2024
Ken-crest Housing Pa 2007 Inc PA$142,087 Ceo $29,531 $32,038 2024
Stamford Affordable Homes Inc CT$141,907 President $44,490 $44,211 2025
Ocl Properties Xi Inc NY$141,772 Chief Financial Officer $73,290 $72,047 2024
Missing Middle Housing Fund OR$141,730 Ceo $85,000 $85,873 2024
Network Housing '92 Inc OH$141,557 Ceo (Exited 3.24.25) $30,598 $35,256 2024
Ocl Properties Ix Inc NY$147,783 Chief Financial Officer $73,290 $72,047 2024
The Beneficial Housing Foundation CA$141,196 Ceo/chairman $124,517 $116,971 2024
Colorado Community Land Trust- CO$140,591 Ceo/executive Director (Term End 07/23) $6,457 $6,736 2024
Asi Sioux Falls Inc MN$140,321 President/tr $68,006 $71,219 2025
East Portland Supportive Housing Inc OR$140,293 Finance Dir. $13,072 $13,206 2024
Lss Manor Inc - Marquette WI$148,963 President $40,683 $46,222 2024
Spectrum Closter Apartments Inc NJ$148,975 President/ceo $54,495 $52,932 2024
Seddlemeyer Inc IN$139,411 President $44,374 $50,908 2024
East 54th Street Housing Development NY$149,704 Ceo $60,217 $60,945 2023

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to NJ 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 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 default5th
Total compensation (D + F), as reported (no adjustments)5th
Reportable pay only (column D), adjusted73rd
All sources (D + E + F), adjusted1st

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 (Lucille Favale) 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 219 similarly situated organizations (Same NTEE sector (L20), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $4,736 is reasonable (approximately the 5th 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.