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PeerBasis
Compensation Comparability Determination

Independence Iii Inc

Executive Director / CEO

EIN 510462458
NJ · NTEE L20
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 — 26 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 69th 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

26 organizations qualified on sector, size, and geography 26 within the band form the benchmarked peer set.

Distribution of comparable compensation

$10 total compensation of comparable organizations → $245,484 $59,141
$6,97210th
$11,99825th
$24,441Median
$59,14175th
$85,65390th
$59,141This org · 69th
p10$6,972
p25$11,998
p50$24,441
p75$59,141
p90$85,653
$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
Newbridge Housing Ii Inc NJ$24,757 Ceo $11,980 $11,980 2024
Pathstone Alliance For Better Housing PA$24,967 President $2,614 $2,920 2024
W A F A WA$25,054 Executive Director $15,800 $16,312 2023
Beam Homes Inc MD$25,678 President $20,272 $21,854 2023
Mid-peninsula Holy Family Corporation CA$25,813 Cfo / Assistant Secretary $77,467 $74,921 2024
Salt & Light Housing I Inc NJ$23,305 President $59,141 $59,141 2024
Race Housing Corporation OH$26,596 Ceo $14,293 $16,955 2024
Habitat For Humanity Of Cherokee SC$26,835 Executive Di $5,090 $5,947 2024
Boston Homeowner Services Collaborative MA$21,771 Chief Executive Officer $39,784 $41,224 2023
Chynoweth Housing Inc CA$27,995 President $41,962 $41,781 2023
Independence I Inc NJ$19,698 President $59,141 $59,141 2024
Wynnton Neighborhood Housing Inc GA$19,043 Ex-officio Exec Secretary $24,000 $27,028 2024
Independence Iv Inc NJ$31,417 President $59,141 $59,141 2024
Ashmore Homes Inc MD$31,435 Chair $7,418 $7,997 2023
Mp St Matthew Inc CA$31,437 Cfo / Assistant Secretary $77,467 $74,921 2024
Lifetime Housing Development Corporation NY$31,753 President & Ceo $19,027 $19,257 2024
Rotary Valley Inc CA$32,377 Evp/cfo $120,262 $116,310 2024
Sands Drive Housing Inc CA$16,528 Executive Director $246,543 $245,484 2023
Center For Housing Resources TX$33,160 Executive Dir. $86,029 $96,384 2024
Fswp-gl V Inc PA$33,611 Ceo $28,093 $32,305 2023
Somersworth Community Development NH$33,722 Member $10 $10 2024
Alaw Ogden Gardens Inc PA$33,948 Director Of Construction $13,787 $15,854 2023
Hba Charitable & Educational MI$34,044 Executive Officer $7,030 $8,127 2024
Partnership Housing Inc CA$34,591 Chief Executive Officer $12,105 $12,053 2023
Southwest Neighborhood Housing Corp CO$34,711 Executive Director $8,935 $9,596 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 default69th
Total compensation (D + F), as reported (no adjustments)69th
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 (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 26 similarly situated organizations (Same NTEE sector (L20), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $59,141 is reasonable (approximately the 69th 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.