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PeerBasis
Compensation Comparability Determination

Kings Highway Inc

Executive Director / CEO

EIN 223655020
NJ · NTEE L21
FY ending 2024-06-30
June 9, 2026

This analysis benchmarks the total compensation of Derry Holland, Executive Director / CEO ($59,141) against every comparable organization that fit the selection criteria — 18 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 72nd percentile of comparable organizationswithin the typical range

Benchmarked executive: Derry Holland — reported title “PRESIDENT”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

18 organizations qualified on sector, size, and geography 18 within the band form the benchmarked peer set.

Distribution of comparable compensation

$5,931 total compensation of comparable organizations → $245,484 $59,141
$8,64410th
$15,04825th
$32,621Median
$61,96775th
$181,89090th
$59,141This org · 72nd
p10$8,644
p25$15,048
p50$32,621
p75$61,967
p90$181,890
$59,141

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
The Joint Ownership Entity NY$12,161 Executive Director $186,295 $188,546 2024
Campus Of Learners Foundation WA$13,557 Secretary/tr $52,700 $52,846 2024
Three Arts Club Housing Development Fund NY$11,317 Vice President $53,058 $55,285 2023
Memorial Drive Community IL$14,041 President & Ceo $50,615 $55,733 2024
Kimmel Housing Development Foundation NY$14,633 Secretary/ceo/director $91,754 $95,605 2023
Sherwood Inn Apartments Inc MT$10,360 President $11,352 $13,705 2024
Telacu Homes Inc CA$14,997 Pres/director $29,053 $28,098 2024
National Community Renaissance FL$15,125 President $13,750 $14,467 2024
Episcopal Housing Foundation Of RI$15,377 Trustee $57,923 $64,045 2023
Park West Apartments Inc MA$9,359 President/director Until 12/18/23 $30,459 $31,562 2023
Warrior Homesteads OH$9,094 Director $5,000 $5,931 2024
Menorah Terrace CA$8,968 President $7,252 $7,014 2024
Kentucky Realtors Relief Foundation Inc KY$16,320 Chief Executive Officer $16,051 $19,885 2023
Sands Drive Housing Inc CA$16,528 Executive Director $246,543 $245,484 2023
Compass Foundation NV$17,067 President $30,000 $33,680 2024
Community Services Housing Development NY$17,948 Executive Dir. $9,231 $9,343 2024
Walker Housing Fund Dima-fi Lm NJ$18,423 Trustee $16,309 $16,791 2023
Center For Building In NY$18,535 President $171,825 $179,037 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 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 default72nd
Total compensation (D + F), as reported (no adjustments)78th
Reportable pay only (column D), adjusted0th
All sources (D + E + F), adjusted89th

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 (Derry Holland) 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 18 similarly situated organizations (Same NTEE major group (L), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $59,141 is reasonable (approximately the 72nd 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.