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Filing year 2024

HOUSING DEVELOPMENT FUND INC

Stamford, Connecticut·EIN 06-1276156·NTEE L122 · Housing & Shelter·501(c)(3)
Total revenue
$12.3M
Total assets
$71.9M
Total expenses
$3.9M
Reported officers
17
Mission

TO FACILITATE THE DEVELOPMENT OF AFFORDABLE HOUSING, BOTH RENTAL AND HOMEOWNERSHIP, AND ASSIST HOUSEHOLDS TO BECOME OWNERS OF AFFORDABLE HOMES.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 6 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Housing & Shelter organizations nationwide.

President & CEO
Above 90th percentilevs Housing & Shelter peers in Connecticut
$243k
$263k
Base
$235k
Bonus
Other
Benefits
$8k
Director of Commercial Lending
Highest Compensated Employee
25th percentile to median
$126k
$136k
Director of Residential Lending
Highest Compensated Employee
25th percentile to median
$115k
$124k
Chief Financial Officer
75th to 90th percentile
$115k
$124k
Director of Homebuyer Development
25th percentile to median
$109k
$118k
Director of Commercial Lending
Highest Compensated Employee
25th percentile to median
$108k
$117k

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 11 unpaid individuals.

Browse compensation in Housing & Shelter

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at HOUSING DEVELOPMENT FUND INC equaled 6% of the organization's total expenses. The median for housing & shelter organizations is 7%.

This organization (2024)
6%
Sector median
7%
Middle half of sector
3% to 16%

Based on 7,888 housing & shelter 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.

Fell 13%
over 2 years

From $280k in 2022 to $243k in 2024.

$280k
2022
$156k
2023
$243k
2024
In today's dollarsEst.
Down 19% in real terms$323k to $263k

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.

Pay for the position

Chief Executive Officer pay fell 13% from 2022 to 2024, while revenue rose 264%.

$280k in 2022 to $243k in 2024.
  • Chief Financial Officer pay fell 24% from 2022 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2024.

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

Among peers

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

FAQ

Common questions about HOUSING DEVELOPMENT FUND INC

What does the Chief Executive Officer of HOUSING DEVELOPMENT FUND INC earn?

In 2024, the Chief Executive Officer of HOUSING DEVELOPMENT FUND INC received $243,446 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Housing & Shelter organizations in Connecticut: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at HOUSING DEVELOPMENT FUND INC compare with similar nonprofits?

Compared with the same role at Housing & Shelter organizations in Connecticut, the 2024 pay of the Chief Executive Officer at HOUSING DEVELOPMENT FUND INC falls in the top 10%. In 2024, the highest total compensation at HOUSING DEVELOPMENT FUND INC equaled 6% of the organization's total expenses. The median for housing & shelter organizations is 7%.

What are HOUSING DEVELOPMENT FUND INC's revenue and expenses?

In 2024, HOUSING DEVELOPMENT FUND INC reported $12.3M in total revenue and $3.9M in total expenses on its IRS Form 990.

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