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PeerBasis
Compensation Comparability Determination

Rivertree Apartments Inc

Executive Director / CEO

EIN 311552940
OR · NTEE L25
FY ending 2024-12-31
June 9, 2026

This analysis benchmarks the total compensation of Jason Elzy, Executive Director / CEO ($34,877) against every comparable organization that fit the selection criteria — 20 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 60th percentile of comparable organizationswithin the typical range

Benchmarked executive: Jason Elzy — reported title “EXECUTIVE DI”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

20 organizations qualified on sector, size, and geography 20 within the band form the benchmarked peer set.

Distribution of comparable compensation

$430 total compensation of comparable organizations → $121,823 $34,877
$5,33210th
$15,91625th
$31,546Median
$51,84575th
$74,68590th
$34,877This org · 60th
p10$5,332
p25$15,916
p50$31,546
p75$51,845
p90$74,685
$34,877

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 OR 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
Friends Development Corporation MA$194,971 Clerk $21,036 $20,356 2024
Asi Helena Inc MN$184,029 President/tr $65,715 $71,988 2023
Jeremiah Development Nfp IL$198,403 Outreach Specialist $12,939 $13,698 2024
Lower North Philadelphia Community Development Corporation PA$172,010 Administrative Assistant $400 $430 2024
Rebuilding Together Muscatine County Inc IA$218,296 Executive Director $14,500 $16,655 2025
Jacobs Ladder Community Development Corporation TN$226,011 Exec Director/ceo $27,621 $31,264 2024
Grand Forks Community Land Trust ND$227,864 Executive Director $103,090 $121,823 2024
Rebuilding Together Of South Al AL$228,897 Executive Director $65,441 $74,167 2025
Hfhmd Navajo Building Qalicb Inc CO$150,336 Chief Executive Officer $5,756 $5,943 2024
Christmas In Action TX$233,619 Executive Director $25,000 $26,929 2024
Newton Housing Development Corporation IA$143,024 Director $25,000 $29,476 2024
Andover Community Trust MA$238,748 Executive Dir. $50,972 $49,323 2024
Otr Adopt Inc OH$244,767 Executive Director/president $42,000 $49,317 2023
Crotched Mountain Of New York I East NH$249,035 President & Ceo $32,010 $31,828 2024
Framingham Housing Development MA$255,305 Eecutive Director $33,846 $32,751 2024
Mental Health Care Affordable FL$255,330 Ceo $38,786 $40,395 2023
West Oak Lane Community Development Corp PA$257,628 Director $53,737 $59,409 2023
Outreach For Addiction Ministry Inc KY$274,351 Vice President Director $5,000 $5,785 2024
Grace House Of Baton Rouge Inc LA$278,630 Executive Director $65,000 $79,349 2023
The Mountain Moving Ministry MO$279,591 President $1,100 $1,255 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to OR 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 OR 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 default60th
Total compensation (D + F), as reported (no adjustments)60th
Reportable pay only (column D), adjusted0th
All sources (D + E + F), adjusted85th

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 (Jason Elzy) 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 20 similarly situated organizations (Same NTEE sector (L25), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $34,877 is reasonable (approximately the 60th 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.