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Filing year 2023

HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE

Norfolk, Virginia·EIN 54-0600387·NTEE S30 · Community Improvement & Capacity Building·501(c)(3)
Total revenue
$3.6M
Total assets
$4.1M
Total expenses
$4.1M
Reported officers
22
Mission

THE MISSION OF THE HAMPTON ROADS ECONCOMIC DEVELOPMENT ALLIANCE IS BUSINESS ATTRACTION--MARKETING VIRGINIA'S HAMPTON ROADS REGION AS THE PREFERRED LOCATION FOR BUSINESS INVESTMENT AND EXPANSION. ALL HREDA INITIATIVES ARE DESIGNED TO SECURE VISITS WITH QUALIFIED BUSINESS PROSPECTS.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 3 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations in Virginia.

President &
Above 90th percentile
$488k
$533k
Base
$327k
Bonus
$64k
Other
$13k
Benefits
$40k
Chief Bus. D
Officer (Unspecified)
$205k
$224k
Base
$183k
Bonus
Other
$4k
Benefits
$16k
COO
Median to 75th percentilevs Community Improvement & Capacity Building peers nationwide
$167k
$182k
Base
$153k
Bonus
Other
Benefits
$14k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 19 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE equaled 12% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2023)
12%
Sector median
14%
Middle half of sector
6% to 28%

Based on 10,143 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE

What does the Chief Executive Officer of HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE earn?

In 2023, the Chief Executive Officer of HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE received $487,638 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in Virginia: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations in Virginia, the 2023 pay of the Chief Executive Officer at HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE falls in the top 10%. In 2023, the highest total compensation at HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE equaled 12% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE's revenue and expenses?

In 2023, HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE reported $3.6M in total revenue and $4.1M in total expenses on its IRS Form 990.

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