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PeerBasis
Compensation Comparability Determination

Ardsley Housing Development Fund Corp

Executive Director / CEO

EIN 260561516
NY · NTEE L20
FY ending 2024-08-31
June 9, 2026

This analysis benchmarks the total compensation of Widmarc Thomas, Executive Director / CEO ($12,106) against every comparable organization that fit the selection criteria — 70 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 26th percentile of comparable organizationswithin the typical range

Benchmarked executive: Widmarc Thomas — reported title “Executive Dir.”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

70 organizations qualified on sector, size, and geography 70 within the band form the benchmarked peer set.

Distribution of comparable compensation

$10 total compensation of comparable organizations → $269,796 $12,106
$7,98610th
$12,18325th
$25,045Median
$42,34275th
$74,56990th
$12,106This org · 26th
p10$7,986
p25$12,183
p50$25,045
p75$42,342
p90$74,569
$12,106

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 NY 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
Tau Crossing Housing Corporation WI$41,746 President (Thru June 2024) $8,312 $9,607 2024
Brenner Avenue Of Salisbury NC$41,506 Executive Director $44,292 $50,646 2024
Mullica Hill Snh Inc NJ$42,903 President And Ceo $64,324 $65,433 2023
Albertville Housing Development Corp AL$43,210 Executive Director $24,026 $28,724 2024
The Association's Third Property Inc MA$43,511 President $7,684 $7,641 2024
Fmf Housing MN$40,028 Executive Director $246,728 $269,796 2024
Mp Can Do Inc CA$43,768 President $72,431 $69,215 2024
Evergreen Mutual Housing Association CA$43,833 Ceo - Thru 9/24 $27,359 $26,144 2024
The Association's Fourth Property Inc MA$43,839 President $7,684 $7,641 2024
Views At Clarendon Corporation VA$44,199 Executive Director $10,950 $12,045 2023
Adirondack Community Housing Trust NY$39,345 Executive Director $24,122 $24,122 2024
Tennessee Valley Realty Llc TN$39,319 President & Ceo $11,856 $13,791 2024
Prebleway Ii Inc OH$39,170 President/ceo $10,071 $11,804 2024
Bridgewell Danvers Housing Corporation MA$38,704 Ceo $21,300 $21,807 2023
Advance Housing Dnm Inc NJ$45,410 Member & Ceo $25,881 $25,572 2024
Opportunity Center Hdc Inc CA$38,204 Ceo $5,914 $5,819 2023
Northside Senior Housing Inc CA$38,203 Vice President & Cfo/director $120,312 $118,366 2023
Prebleway I Inc OH$37,734 President/ceo $10,071 $11,804 2024
Independence Ii Inc NJ$37,680 President $59,141 $58,435 2024
Court Street Village Non-profit Housing Corporation MI$37,609 Executive Director $55,000 $64,680 2023
New Americans Community Development MA$37,548 President $30,141 $30,859 2023
Housing Works 220 Hull Housing NY$37,220 Secretary $27,348 $28,156 2023
Affordable Housing Associates Inc UT$46,430 Treasurer $51,179 $59,679 2023
West Hills Housing Foundation CA$46,522 Executive Director $26,967 $26,531 2023
Southstar Deborah House IL$37,042 President/ceo $9,230 $10,339 2023

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to NY 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 NY 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 default26th
Total compensation (D + F), as reported (no adjustments)29th
Reportable pay only (column D), adjusted0th
All sources (D + E + F), adjusted10th

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 (Widmarc Thomas) 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 70 similarly situated organizations (Same NTEE sector (L20), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $12,106 is reasonable (approximately the 26th 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.