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PeerBasis
Compensation Comparability Determination

Ridge Oak Iii Inc

Executive Director / CEO

EIN 273501015
NJ · NTEE L22
FY ending 2025-06-30
June 9, 2026

This analysis benchmarks the total compensation of Bonnie Kelly, Executive Director / CEO ($61,663) 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 66th percentile of comparable organizationswithin the typical range

Benchmarked executive: Bonnie Kelly — reported title “EXECUTIVE DIRECTOR”, 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

$506 total compensation of comparable organizations → $489,255 $61,663
$11,39310th
$22,19325th
$42,911Median
$67,63375th
$93,75790th
$61,663This org · 66th
p10$11,393
p25$22,193
p50$42,911
p75$67,633
p90$93,757
$61,663

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
Snhs Elderly Housing Inc NH$331,493 Treasurer $53,564 $55,395 2025
Lutheran Housing Services 18 Inc OH$332,392 President/ce $62,368 $78,186 2023
Plymouth Place Inc CA$329,741 President/ceo $68,128 $67,633 2024
Five Graham Street ME$328,973 President $45,000 $53,334 2023
Ucc Xx Inc OH$328,589 Treasurer $50,772 $61,823 2024
Community For Affordable Senior MN$335,417 Evp Of Commonbond Housing $18,918 $22,125 2023
Prairie Grove Apartments Inc CA$327,526 President/ceo $68,128 $67,633 2024
Lutheran Social Services Of Central Ohio OH$327,519 President & Ceo $9,088 $11,393 2023
Peninsula Housing Development Inc Xviii FL$336,692 Director $25,136 $27,147 2024
Bay Aging Apartments Kilmarnock Inc VA$326,843 President $267,673 $289,470 2025
Snhs Pittsburg Elderly Housing Inc NH$326,753 Treasurer $53,564 $55,395 2025
Sylvan Retreat Apartments Inc PA$326,618 Hdc Representative Directo $11,483 $13,165 2024
Afton Manor Inc IA$339,377 Manager $13,360 $17,315 2023
Buffalo Mercy Housing Development Fund NY$339,655 Board Member/board President $25,080 $26,824 2023
Lutheran Social Services Of Central Ohio OH$340,026 President & Ceo $9,088 $11,393 2023
Page Homestead Senior Housing Inc NH$323,412 President $24,428 $25,931 2024
Jawonio Residential Opportunities Iii Inc NY$322,555 Chief Executive Officer $72,553 $75,373 2024
Mmiii Inc FL$322,106 Vice Preside $75,384 $81,416 2024
Good Samaritan Senior Housing NY$321,830 Ceo $57,200 $59,422 2024
Ridge Oak Management Inc NJ$342,077 Executive Director $255,355 $255,355 2025
Booth Manor Two Inc WI$321,276 President $9,613 $11,542 2024
Fellowship Fund For The Aged Housing Co NY$321,011 President/ceo/director $103,218 $107,229 2024
Station Creek Retirement Community Inc MI$320,896 President & Ceo $31,878 $38,945 2023
Pacific Housing Oahu Corporation HI$319,463 Executive Director/asst Se $12,712 $13,084 2024
Backbone Housing Inc MD$318,778 Secretary $69,648 $77,070 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 2025 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 default66th
Total compensation (D + F), as reported (no adjustments)73rd
Reportable pay only (column D), adjusted0th
All sources (D + E + F), adjusted47th

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 (Bonnie Kelly) 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 sector (L22), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $61,663 is reasonable (approximately the 66th 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.