Live preview — download the board-ready PDF to attach to your minutes.Download the free PDF
Email yourself a copy:
PeerBasis
Compensation Comparability Determination

Ormond Associates Inc

Executive Director / CEO

EIN 262464242
NJ · NTEE L11
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 — 249 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 85th 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

249 organizations qualified on sector, size, and geography 249 within the band form the benchmarked peer set.

Distribution of comparable compensation

$10 total compensation of comparable organizations → $329,898 $59,141
$6,22510th
$12,05325th
$24,523Median
$40,77075th
$72,35090th
$59,141This org · 85th
p10$6,225
p25$12,053
p50$24,523
p75$40,770
p90$72,350
$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
Home Forward Community Partnerships OR$49,628 President $98,636 $102,593 2024
Abcap Housing E Inc OH$49,422 Executive Director $41,692 $49,458 2024
Eastwick Ii Section 811 Housing PA$49,364 President & Ceo $25,525 $29,352 2023
Pacific Housing Oahu Corporation HI$50,130 Assistant Secretary $12,712 $12,747 2024
Fort Hill Housing Inc MA$50,158 President & Ceo $42,027 $43,548 2023
Centerpointe Housing Corporation I NE$50,249 President $14,019 $17,387 2023
Columbia Housing Opportunities Inc NJ$49,073 Treasurer/secretary $4,747 $4,887 2023
Vinfen Corporation Of Forest Inc MA$49,044 Former Director & Ceo $21,978 $22,773 2023
Mosaic Illinois Housing I NE$48,978 President $32,929 $40,840 2023
Community Homes Of Bismarck Ii ND$50,496 Managing Agent-exec. Dir $147,110 $180,816 2024
The Association's Second Property Inc MA$48,886 President $7,684 $7,734 2024
Homes Of Care Inc MA$48,798 President & Ceo/director $24,869 $25,030 2024
Lakeview Apartments Ii Inc AR$50,676 Executive Di $3,949 $5,119 2023
Clovernook Housing Network OH$48,570 Ceo $14,293 $16,955 2024
Bridgewell Merrimac Housing Corporation MA$48,482 Ceo $21,300 $22,071 2023
Habitat Capital Resources Corporation OH$51,019 President $48,420 $57,439 2024
Graces Way Inc OH$48,386 Executive Director $41,692 $49,458 2024
Jsl Properties Inc NY$51,147 Board Member / Corp Pres & $59,215 $61,701 2023
Asi - Hennepin County Inc MN$51,525 President/tr $68,006 $73,323 2025
2301 N Charles St Inc MD$47,754 Executive Director $4,329 $4,667 2023
Soda Creek Apartments Inc CO$51,782 Executive Di $9,862 $10,904 2023
Abcap Housing Iv Inc OH$51,855 Executive Director $41,692 $49,458 2024
Herindependence SC$47,465 Executive Director $14,357 $17,271 2023
Fmhm Housing Corp OH$47,251 Ceo/executive Director $15,476 $18,359 2024
Passavant Memorial Homes Ii Inc PA$52,241 Ceo & President $36,502 $40,770 2024

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 default85th
Total compensation (D + F), as reported (no adjustments)88th
Reportable pay only (column D), adjusted0th
All sources (D + E + F), adjusted90th

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 249 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 85th 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.