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PeerBasis
Compensation Comparability Determination

Vesta Four Inc

Executive Director / CEO

EIN 522032016
MD · NTEE L80
FY ending 2024-06-30
June 9, 2026

This analysis benchmarks the total compensation of Jignesh Dalal, Executive Director / CEO ($21,417) against every comparable organization that fit the selection criteria — 37 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 41st percentile of comparable organizationswithin the typical range

Benchmarked executive: Jignesh Dalal — reported title “PRESIDENT”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

37 organizations qualified on sector, size, and geography 37 within the band form the benchmarked peer set.

Distribution of comparable compensation

$173 total compensation of comparable organizations → $123,371 $21,417
$5,51210th
$10,24925th
$25,226Median
$43,97775th
$63,74290th
$21,417This org · 41st
p10$5,512
p25$10,249
p50$25,226
p75$43,977
p90$63,742
$21,417

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.

OrganizationStateRevenueMatched titleComp
(reported)
Comp
(adjusted)
FY
Lss Housing Center Street Inc WI$89,500 President $40,683 $45,446 2024
Vista Homes Housing Corporation CA$88,059 Executive Director $26,967 $25,643 2023
Lss Housing Granville Inc WI$91,084 President $38,239 $43,977 2023
Asi Ramsey County Inc MN$92,103 President/tr $65,715 $69,455 2024
Coburn Woods Inc OR$94,131 Treasurer $18,132 $18,011 2024
Maxcen Housing Society Inc Indiana Branch IN$80,935 Ceo $5,160 $5,820 2024
Houston Area Urban Community TX$80,841 Executive Director $115,304 $123,371 2024
La Casa Dona Here Inc PR$80,730 Adm $7,200 $7,413 2023
Marblehead Community Housing Corporation MA$79,953 Executive Director $24,789 $23,827 2024
Riverview Resident Assistance Foundation WA$98,197 Secretary & Treasurer $33,215 $31,808 2024
Central Ohio Housing Development OH$79,340 Executive Director (Thru April 24) $8,578 $9,718 2024
1213 William Street Corporation FL$98,568 Executive Director $20,037 $20,134 2024
Greater Lake City Community Development Corp Inc FL$100,105 Executive Director $10,200 $10,249 2024
Maxcen Housing Society Inc New Mexico Branch NM$75,884 Ceo $5,162 $5,939 2024
Union Apartment Project Inc NJ$75,452 President(term 12/2022) $98,598 $96,943 2023
Adirondack Housing Development Fund Co NY$75,437 Project Manager $11,997 $11,596 2024
Collaborative Development Corporation FL$74,770 Presidentceo $17,312 $17,396 2024
New Visions Housing Corporation CA$74,606 Executive Director $26,967 $25,643 2023
Oscar Housing Foundation CA$105,151 Chief Executive Officer $61,000 $58,005 2023
Thomas' Contentment Inc MD$105,820 Ceo $7,826 $7,826 2024
Dakota Land Trust SD$70,961 Executive Di $2,970 $3,506 2024
Housing Works 874 Jefferson Avenue NY$106,811 President & Ceo $16,962 $16,879 2023
Oak Manor Associates WA$109,450 President And Ceo $24,457 $24,112 2023
Walnut Affordable Housing Inc NY$66,667 Vice President $39,986 $38,648 2024
Heritage Plaza Phase I CA$64,407 President $187 $173 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to MD 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 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

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

BasisSubject percentile
Total compensation (D + F), cost-of-living + inflation adjusted — the PeerBasis default41st
Total compensation (D + F), as reported (no adjustments)41st
Reportable pay only (column D), adjusted0th
All sources (D + E + F), adjusted59th

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 (Jignesh Dalal) 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 37 similarly situated organizations (Same NTEE sector (L80), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $21,417 is reasonable (approximately the 41st 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.