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PeerBasis

Compensation Comparability Determination

Oldetowne Homes Inc

Executive Director / CEO

EIN 522016556
MD · NTEE L99
FY ending 2023-06-30
June 9, 2026

This analysis benchmarks the total compensation of Jeff Richardson, Executive Director / CEO ($51,488) against every comparable organization that fit the selection criteria — 15 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 67^th percentile of comparable organizationswithin the typical range

How comparable organizations were selected

SectorOrganizations sharing the subject's NTEE classification (L99).
BudgetTotal revenue between $45,174 and $101,137 — 0.67× to 1.50× the subject's $67,425 (the band tightens as size grows).
GeographySame NTEE sector (L99), nationwide + budget 0.67–1.5× revenue.

15 organizations qualified on sector, size, and geography → 15 within the band form the benchmarked peer set.

Distribution of comparable compensation

$11,31510th

$19,54825th

$29,679Median

$51,48875th

$56,39890th

$51,488This org · 67th

p10$11,315

p25$19,548

p50$29,679

p75$51,488

p90$56,398

$51,488

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 MD cost of living (BEA RPP, 2023) and to its filing year (CPI-U); the reported amount is on each linked 990.

Organization	State	Total revenue	Total comp	Source
Life Concepts Independent Living Ii Inc	FL	$65,896	$24,545	990
Central Ms Assisted Living Home	MS	$72,000	$18,584	990
Spring Place Inc	MD	$72,580	$51,488	990
Bsdc Neighborhood Homes Hdfc	NY	$74,983	$16,618	990
Willard & Alpha Wiegrefe Foundation	MN	$77,295	$3,805	990
Spectrum Haworth Home Inc	NJ	$57,055	$50,550	990
Jsl Properties Inc	NY	$51,147	$57,234	990
Patriot Community Development Inc	TX	$84,746	$185,553	990
Leeway-scattered Site Housing Inc	CT	$91,224	$29,679	990
Valley Of The Sun School Properties Three	AZ	$93,344	$20,512	990
Hickernell Homes Inc	MD	$95,239	$51,488	990
Housing Opportunites Made Easier	CA	$97,236	$55,144	990
Pendlove Inc	TN	$100,148	$28,513	990
Champion Place Inc	NY	$100,442	$7,780	990
Lss Housing South Willow Inc	WI	$100,492	$42,716	990

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 MD 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

Peer count15 organizations. Compensation range $3,805–$185,553; filing years 2023–2024.
Size basisMatched on total revenue ($67,425); for reference, expenses $103,579 and assets $413,827. Revenue and expenses diverge this year — revenue may misrepresent operating size; weigh the expense-based view.
Role matchJeff Richardson, reported title "TREASURER", benchmarked as Executive Director / CEO. Selected as the organization's highest-paid individual without an exact title match — the board should confirm this is a comparable role.
Related-org pay10 peers report related-organization compensation (column E), which the D + F benchmark does not fully capture; review where material.
Outliers1 peer fall outside 1.5× the interquartile range — consider whether any reflect one-time payments (severance, deferred-comp payouts).

Sensitivity — the subject's percentile under alternative compensation definitions:

Basis	Subject percentile
Total compensation (D + F), cost-of-living + inflation adjusted — the PeerBasis default	67^th
Total compensation (D + F), as reported (no adjustments)	60^th
Reportable pay only (column D), adjusted	0^th
All sources (D + E + F), adjusted	73^rd

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

The compensation of the Executive Director / CEO (Jeff Richardson) was approved in advance by [the Board / Compensation Committee], composed of members with no conflict of interest with respect to the arrangement.
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 15 similarly situated organizations (Same NTEE sector (L99), nationwide + budget 0.67–1.5× revenue).
The authorized body determined that total compensation of $51,488 is reasonable (approximately the 67^th 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). 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.