THE CORPORATION IS FORMED FOR THE PURPOSE OF CONDUCTING ACTIVITIES WHICH ARE EXCLUSIVELY CHARITABLE WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1954, AS MAY BE AMENDED FROM TIME TO TIME, (SEE SCHEDULE O, PAGE 23 FOR CONTINUATION) FOR THE RELIEF OF THE POOR, DISTRESSED AND UNDERPRIVILEDGED, AND PROMOTION OF SOCIAL WELFARE TO LESSEN COMMUNITY TENSION, ELIMINATE PREJUDICE AND DISCRIMINATION AND COMBAT COMMUNITY DETERIORATION. THEREFORE, THE CORPORATION'S MISSION IS TO ACHIEVE, ON A NOT-FOR-PROFIT BASIS, DECENT AFFORDABLE HOUSING AND RELATED COMMUNITY SERVICES, PROGRAMS AND FACILITIES SPECIFICALLY DESIGNED TO MEET THE NEEDS AND REQUIREMENTS OF LOW INCOME INDIVIDUALS, FAMILIES AND SENIORS.
Executive compensation
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 in New York.
| Position | Total |
|---|---|
President/director Below 10th percentile | $3k $3k |
Director Board Member Below 10th percentile | $2k $3k |
Director Board Member Below 10th percentile | $2k $3k |
Treasurer/director Officer (Unspecified) | $2k $3k |
Vice President/director Below 10th percentile | $2k $3k |
Director Board Member Below 10th percentile | $2k $3k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 1 unpaid individual.
Top pay as a share of expenses
In 2023, the highest total compensation at FREEPORT COMMUNITY DEVELOPMENT INC 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.
Chief Executive Officer pay held roughly steady from 2020 to 2023, while revenue fell 38%.
- Board Member pay held roughly steady from 2020 to 2023.
Pay for the position itself, not any one person. The officeholder may have changed between 2020 and 2023.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about FREEPORT COMMUNITY DEVELOPMENT INC
What does the Chief Executive Officer of FREEPORT COMMUNITY DEVELOPMENT INC earn?
In 2023, the Chief Executive Officer of FREEPORT COMMUNITY DEVELOPMENT INC received $3,000 in total compensation. This pay is in the bottom 10% for Chief Executive Officer roles among Housing & Shelter organizations in New York: at least 9 in 10 comparable filings report more. Based on IRS Form 990 data.
How does Chief Executive Officer pay at FREEPORT COMMUNITY DEVELOPMENT INC compare with similar nonprofits?
Compared with the same role at Housing & Shelter organizations in New York, the 2023 pay of the Chief Executive Officer at FREEPORT COMMUNITY DEVELOPMENT INC falls in the bottom 10%. In 2023, the highest total compensation at FREEPORT COMMUNITY DEVELOPMENT INC equaled 3% of the organization's total expenses. The median for housing & shelter organizations is 7%.
What are FREEPORT COMMUNITY DEVELOPMENT INC's revenue and expenses?
In 2023, FREEPORT COMMUNITY DEVELOPMENT INC reported $79k in total revenue and $97k in total expenses on its IRS Form 990.
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