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PeerBasis
Compensation Comparability Determination

Car Housing Affordability Fund

Executive Director / CEO

EIN 912157935
CA · NTEE L99
FY ending 2023-12-31
June 9, 2026

This analysis benchmarks the total compensation of Iqbal Bholat, Executive Director / CEO ($47,274) against every comparable organization that fit the selection criteria — 48 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 38th percentile of comparable organizationswithin the typical range

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

How comparable organizations were selected

48 organizations qualified on sector, size, and geography 48 within the band form the benchmarked peer set.

Distribution of comparable compensation

$1,634 total compensation of comparable organizations → $219,807 $47,274
$14,82710th
$30,98925th
$66,241Median
$89,39675th
$132,40690th
$47,274This org · 38th
p10$14,827
p25$30,989
p50$66,241
p75$89,396
p90$132,406
$47,274

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 CA 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
Jacksonville Community Land Trust Inc FL$424,173 Executive Director $137,461 $149,547 2023
Potter's House Mission Inc PA$424,203 President $73,455 $84,831 2023
Miracles Happen Recovery Residence GA$416,035 Executive Di $45,000 $52,399 2023
Harmony Village Senior Nonprofit Housing Corp MI$415,474 Administrator $48,655 $56,490 2024
Los Sures 101 South 3rd Housing NY$434,107 Executive Director $17,573 $18,390 2023
Coronado Interfaith Housing Corporation CA$402,681 President $12,848 $12,479 2024
Bleeding Disorders Association SC$401,157 Director $75,000 $90,612 2023
Usvets - Arizona CA$399,672 President & Ceo $18,095 $18,095 2023
Helping Hands Fund MT$441,450 Executive Director $26,209 $31,779 2024
St Croix Family Resource Center MN$442,046 Executive Director $76,879 $83,247 2025
Asbury Arms North Inc FL$445,308 Ceo/presiden $36,488 $39,696 2023
Helping The Homeless Inc VA$450,933 Chief Executive Officer $40,050 $43,498 2024
Architectural Salvage Warehouse Of MI$389,144 Executive Di $76,648 $88,991 2024
Hrpheavensreliefprograminc TX$458,000 Project Manager $2,150 $2,491 2023
Pacific Housing Oahu Corporation HI$464,084 Executive Director/asst Secretary $12,712 $12,802 2024
123 Crawford Street Inc MA$372,992 Cfo $1,616 $1,634 2024
Main Street Apartments Inc CA$369,002 President $21,168 $20,031 2025
Open Arms Development Corporation OH$368,146 Executive Director $45,540 $54,255 2024
Grace Place Inc MN$366,805 Presidentexecutive Director $53,083 $59,001 2024
Urban League Of Southern Ct Inc CT$479,013 Ceo $164,438 $173,428 2024
Pilgrim Terrace Cooperative Homes CA$480,355 Executive Director $87,574 $87,574 2023
Public Safety Academy Housing Inc FL$484,047 Vice Chair $119,094 $122,603 2025
Faith And Fostering LA$488,494 Executive Director $57,320 $70,997 2024
Hosts For Hospitals PA$490,010 Coordinator $68,000 $74,313 2025
Breaking The Cycle ME$490,021 Exec Director $71,395 $80,417 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to CA 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 CA 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 default38th
Total compensation (D + F), as reported (no adjustments)40th
Reportable pay only (column D), adjusted0th
All sources (D + E + F), adjusted83rd

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 (Iqbal Bholat) 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 48 similarly situated organizations (Same NTEE sector (L99), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $47,274 is reasonable (approximately the 38th 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.