THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE MANAGEMENT OF THE DAY-TO-DAY ACTIVITIES OF HOUSING PROJECTS THAT ARE REGULATED BY THE DEPARTMENT OF HOUSING & URBAN DEVELOPMENT (HUD) AND SPONSORSHIPS WITH HOUSING PROJECTS. THE ORGANIZATION ALSO DEVELOPS NEW PROJECTS TO EXPAND THEIR CAPACITY OF PROVIDING LOW-INCOME HOUSING THROUGH THE ADDITIONAL PROJECTS.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 6 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Housing & Shelter organizations nationwide.
- Base
- $425k
- Bonus
- —
- Other
- —
- Benefits
- $47k
- Base
- $222k
- Bonus
- —
- Other
- —
- Benefits
- $39k
- Base
- $229k
- Bonus
- —
- Other
- —
- Benefits
- $16k
- Base
- $130k
- Bonus
- —
- Other
- —
- Benefits
- $47k
- Base
- $136k
- Bonus
- —
- Other
- —
- Benefits
- $16k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President & Above 90th percentilevs Housing & Shelter peers in Florida | $425k | — | — | $47k | $498k $548k |
Sr VP Dev. & Board Vice President Above 90th percentile | $222k | — | — | $39k | $275k $303k |
CFO Above 90th percentilevs Housing & Shelter peers in Florida | $229k | — | — | $16k | $259k $285k |
Development Highest Compensated Employee 75th to 90th percentile | $130k | — | — | $47k | $184k $203k |
Development Highest Compensated Employee Median to 75th percentile | $136k | — | — | $16k | $160k $176k |
Director Board Member 25th percentile to median | — | — | — | — | $27k $29k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with Miami-Fort Lauderdale-West Palm Beach, FL metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 15 unpaid individuals.
Top pay as a share of expenses
In 2023, the highest total compensation at ELDERLY HOUSING DEV & OPERATIONS equaled 3% of the organization's total expenses. The median for housing & shelter organizations is 7%.
Based on 7,888 housing & shelter organizations, each measured at its most recent filing year with reported expenses and compensation.
Up 18%
from 2022
From $423k in 2022 to $498k in 2023.
Estimated with Miami-Fort Lauderdale-West Palm Beach, FL metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay rose 18% from 2022 to 2023, while revenue rose 142%.
- Board Vice President pay rose 24% from 2022 to 2023.
- Chief Financial Officer pay rose 26% from 2022 to 2023.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about ELDERLY HOUSING DEV & OPERATIONS
What does the Chief Executive Officer of ELDERLY HOUSING DEV & OPERATIONS earn?
In 2023, the Chief Executive Officer of ELDERLY HOUSING DEV & OPERATIONS received $497,512 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Housing & Shelter organizations in Florida: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Chief Executive Officer pay at ELDERLY HOUSING DEV & OPERATIONS compare with similar nonprofits?
Compared with the same role at Housing & Shelter organizations in Florida, the 2023 pay of the Chief Executive Officer at ELDERLY HOUSING DEV & OPERATIONS falls in the top 10%. In 2023, the highest total compensation at ELDERLY HOUSING DEV & OPERATIONS equaled 3% of the organization's total expenses. The median for housing & shelter organizations is 7%.
What are ELDERLY HOUSING DEV & OPERATIONS's revenue and expenses?
In 2023, ELDERLY HOUSING DEV & OPERATIONS reported $16.8M in total revenue and $15.6M in total expenses on its IRS Form 990.
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