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Filing year 2024

HOME CITY DEVELOPMENT INC

Springfield, Massachusetts·EIN 04-6190467·NTEE L20Z · Housing & Shelter·3
Total revenue
$1.4M
Total assets
$54.2M
Total expenses
$2M
Reported officers
14
Mission

1.TO RESTORE OR REPLACE SUBSTANDARD HOUSING WITH A SUPPLY OF DECENT, AFFORDABLE, AND WELL-MANAGED HOUSING FOR INDIVIDUALS AND FAMILIES.2.TO FACILITATE NEIGHBORHOOD GROWTH AND HEALTH IN COLLABORATION WITH PARTNERS, LEADING TO LONG-TERM FAMILY AND COMMUNITY STABILITY.3.TO WORK WITH RESIDENTS, BUILDING ON THEIR STRENGTHS, TOWARD HEALTHY AND STABLE FUTURES.

Executive compensation, broken down

Form 990 · Schedule J · 4 reported individuals · Filing year 2024

Executive Director/ Clerk
director (operational)
$170k
$184k
Base
$135k
Bonus
Other
$29k
Benefits
Cheifphilanthropy & Communications Officer
highest compensated employee
$162k
$175k
Base
$137k
Bonus
$3k
Other
$18k
Benefits
Director of Real Estate
highest compensated employee
$141k
$152k
Senior Project Manager
highest compensated employee
$137k
$148k

Teal figures restate each filed amount in 2026 dollars.

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

Plus 10 unpaid individuals.

Browse compensation in Housing & Shelter

Held steady
from 2023

From $171k in 2023 to $170k in 2024.

$171k
2023
$170k
2024
In today's dollarsEst.
Down 4% in real terms$191k to $184k

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

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

HOME CITY DEVELOPMENT INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$1.1M
$1.7M
2023
$1.4M
$2M
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Housing & Shelter executives earn in Massachusetts

Comparable housing & shelter organizations in Massachusetts pay their highest-earning executive a median of $42,027.

25th percentile
$21k
Median
$42,027
75th percentile
$90k
90th percentile
$207k

These are housing & shelter sector-wide figures, not this organization's reported pay. Based on 86 organizations across 86 filings (2021 – 2023).

See full Housing & Shelter pay data for Massachusetts
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