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PeerBasis
Compensation Comparability Determination

Banjo Lane Apartments Inc

Executive Director / CEO

EIN 611593415
MD · NTEE L20
FY ending 2024-06-30
June 9, 2026

This analysis benchmarks the total compensation of Maurice Salamone, Executive Director / CEO ($12,607) against every comparable organization that fit the selection criteria — 16 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 13th percentile of comparable organizationsbelow the typical range for comparable organizations

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

How comparable organizations were selected

16 organizations qualified on sector, size, and geography 16 within the band form the benchmarked peer set.

Distribution of comparable compensation

$6,214 total compensation of comparable organizations → $26,567 $12,607
$14,34910th
$20,87125th
$20,871Median
$21,00875th
$21,46590th
$12,607This org · 13th
p10$14,349
p25$20,871
p50$20,871
p75$21,008
p90$21,465
$12,607

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
Kirkland Homes Inc MD$72,561 President $20,272 $20,871 2023
Vesta Enteka Inc MD$73,017 President $21,417 $21,417 2024
Ottey Homes Inc MD$73,737 President $20,272 $20,871 2023
Centennial Housing Inc MD$69,439 President $20,272 $20,871 2023
Walden Place Inc MD$68,485 President $20,272 $20,871 2023
Vesta Twelve Inc MD$75,392 President $21,417 $21,417 2024
Sourlis - Eleuterio Homes Inc MD$66,596 President $20,272 $20,871 2023
Georgetown Apartments Inc MD$64,932 President $20,272 $20,871 2023
Montgomery Housing Inc MD$80,042 President $20,272 $20,871 2023
Collin's Way Inc MD$80,305 Ceo $7,826 $7,826 2024
Castleton Homes Inc MD$80,376 President & Ceo $20,896 $21,513 2023
O'connor Homes Inc MD$63,231 President $20,272 $20,871 2023
Hinze Homes Inc MD$60,997 President $20,272 $20,871 2023
High Street Homes Inc MD$88,555 Director Of Finance (Beginning 8/22) $6,036 $6,214 2023
Dulaney Station Community Housing MD$97,710 President $25,805 $26,567 2023
Next Step Housing Inc MD$99,899 President $20,272 $20,871 2023

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 default13th
Total compensation (D + F), as reported (no adjustments)13th
Reportable pay only (column D), adjusted0th
All sources (D + E + F), adjusted6th

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 (Maurice Salamone) 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 16 similarly situated organizations (Same NTEE sector (L20) + MD + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $12,607 is reasonable (approximately the 13th 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.