The Organization provides affordable housing and services to older adults.
Executive compensation
Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2023
Percentile bands compare each position's total pay with the same role at Housing & Shelter organizations in Virginia.
| Position | Total |
|---|---|
CEO 10th to 25th percentile | $29k $32k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 5 unpaid individuals.
Top pay as a share of expenses
In 2023, the highest total compensation at Lake Ridge Elderly Development Inc equaled 1% 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 $24k in 2022 to $29k in 2023.
Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 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 3%.
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 Lake Ridge Elderly Development Inc
What does the Chief Executive Officer of Lake Ridge Elderly Development Inc earn?
In 2023, the Chief Executive Officer of Lake Ridge Elderly Development Inc received $28,953 in total compensation. This pay is in the bottom quarter for Chief Executive Officer roles among Housing & Shelter organizations in Virginia, above the lowest 10% of comparable filings. Based on IRS Form 990 data.
How does Chief Executive Officer pay at Lake Ridge Elderly Development Inc compare with similar nonprofits?
Compared with the same role at Housing & Shelter organizations in Virginia, the 2023 pay of the Chief Executive Officer at Lake Ridge Elderly Development Inc falls between the 10th and 25th percentiles. In 2023, the highest total compensation at Lake Ridge Elderly Development Inc equaled 1% of the organization's total expenses. The median for housing & shelter organizations is 7%.
What are Lake Ridge Elderly Development Inc's revenue and expenses?
In 2023, Lake Ridge Elderly Development Inc reported $1.9M in total revenue and $2.2M in total expenses on its IRS Form 990.
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