THIS CORPORATION WAS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF DEVELOPING, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME AND NEEDY, PURSUANT TO SECTION 573 OF ARTICLE XI OF THE PHFL
Executive compensation
Form 990 · Part VII & Schedule J · 4 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at Housing & Shelter organizations in New York.
| Position | Total |
|---|---|
President Median to 75th percentile | $102k $110k |
CEO 25th percentile to median | $56k $61k |
CFO Median to 75th percentile | $47k $51k |
Clo/exec VP Vice President 25th percentile to median | $30k $33k |
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 5 unpaid individuals.
Top pay as a share of expenses
In 2024, the highest total compensation at LER HOUSING DEVELOPMENT FUND CORP equaled 27% 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 44%
from 2023
From $71k in 2023 to $102k in 2024.
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.
Chief Executive Officer pay rose 44% from 2023 to 2024, while revenue fell 27%.
- Chief Financial Officer pay rose 10% from 2023 to 2024.
- Vice President pay fell 18% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about LER HOUSING DEVELOPMENT FUND CORP
What does the Chief Executive Officer of LER HOUSING DEVELOPMENT FUND CORP earn?
In 2024, the Chief Executive Officer of LER HOUSING DEVELOPMENT FUND CORP received $101,830 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among Housing & Shelter organizations in New York, within the top half of comparable filings. Based on IRS Form 990 data.
How does Chief Executive Officer pay at LER HOUSING DEVELOPMENT FUND CORP compare with similar nonprofits?
Compared with the same role at Housing & Shelter organizations in New York, the 2024 pay of the Chief Executive Officer at LER HOUSING DEVELOPMENT FUND CORP falls between the median and the 75th percentile. In 2024, the highest total compensation at LER HOUSING DEVELOPMENT FUND CORP equaled 27% of the organization's total expenses. The median for housing & shelter organizations is 7%.
What are LER HOUSING DEVELOPMENT FUND CORP's revenue and expenses?
In 2024, LER HOUSING DEVELOPMENT FUND CORP reported $277k in total revenue and $383k in total expenses on its IRS Form 990.
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