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PeerBasis
Compensation Comparability Determination

Tb Housing Development Fund Company Inc

Executive Director / CEO

EIN 455562018
NY · NTEE L21
FY ending 2023-06-30
June 9, 2026

This analysis benchmarks the total compensation of Aaron Hejmowski, Executive Director / CEO ($23,006) against every comparable organization that fit the selection criteria — 21 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 24th percentile of comparable organizationsbelow the typical range for comparable organizations

Benchmarked executive: Aaron Hejmowski — reported title “CFO”, selected as the organization's highest-paid individual — no exact title match, so confirm this is a comparable role.

How comparable organizations were selected

21 organizations qualified on sector, size, and geography 21 within the band form the benchmarked peer set.

Distribution of comparable compensation

$2,057 total compensation of comparable organizations → $172,076 $23,006
$4,67010th
$24,04925th
$31,372Median
$50,00075th
$100,25790th
$23,006This org · 24th
p10$4,670
p25$24,049
p50$31,372
p75$50,000
p90$100,257
$23,006

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
Westfall Heights Housing NY$252,359 President (Until 1/19/24) $32,299 $31,372 2024
Mcgee Plaza Housing Development Fund NY$248,489 Executive Director $150,000 $150,000 2023
Spiti Housing Development Fund NY$309,417 Executive Director $24,759 $24,049 2024
Lancaster Housing Development Fund NY$313,548 Board Member/board President $25,080 $25,080 2023
Main-best Housing Development Fund Co NY$231,860 President & C.e.o. $26,458 $25,036 2025
Boston Post Road Housing Development Fund NY$223,467 President & Ceo (Thru 4/23) $56,332 $56,332 2023
Loretto-malta Manor Housing Development NY$330,815 Chairperson $27,907 $27,106 2024
Vanmew Housing Development NY$334,251 Executive Di $7,598 $7,380 2024
Hsc No 6 Housing Development Fu NY$334,685 Accountant $4,800 $4,662 2024
Vip West 184th Street Hdfc NY$336,879 President/ceo $50,896 $50,896 2023
Ellenburg Housing Development Fund NY$212,855 Manager $31,412 $30,511 2024
58-60 Manhattan Avenue Housing NY$347,565 Vice President $4,935 $4,670 2025
Castorland Housing Development NY$200,935 Member/site Manager $32,500 $31,568 2024
Nazareth House Housing Development Fund NY$192,701 Executive Director $2,057 $2,057 2023
Federation Housing Ii Inc NY$191,054 Cfo $50,911 $49,450 2024
45th Avenue Housing Company NY$368,486 President/ceo/director $103,218 $100,257 2024
Oswego Housing Development Council Inc NY$375,888 Excutive Director $50,000 $50,000 2023
Gregene Housing Development NY$376,891 Executive Di $7,170 $7,170 2023
New Hull Street Housing Development Fund NY$379,115 President $38,386 $38,386 2023
Ph Affordable Housing Fund Inc NY$395,703 President/ceo $172,076 $172,076 2023
Habitat For Humanity Dean Street Housing NY$402,485 Treasurer Until June 2023 $32,660 $32,660 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 2023 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 default24th
Total compensation (D + F), as reported (no adjustments)24th
Reportable pay only (column D), adjusted0th
All sources (D + E + F), adjusted29th

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 (Aaron Hejmowski) 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 21 similarly situated organizations (Same NTEE sector (L21) + NY + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $23,006 is reasonable (approximately the 24th 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.