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Filing year 2024

NAZARETH HOUSING DEVELOPMENT CORP

Akron, Ohio·EIN 34-1908695·NTEE L40 · Housing & Shelter·501(c)(3)
Total revenue
$376k
Total assets
$1.3M
Total expenses
$543k
Reported officers
11
Mission

NAZARETH HOUSING DEVELOPMENT CORPORATION ("ORGANIZATION") EXISTS TO DEVELOP, ENCOURAGE AND FACILITATE SAFE AND CONTEMPORARY AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES AND INDIVIDUALS IN SUMMIT COUNTY, OHIO. THIS IS ACCOMPLISHED BY WAY OF REHABILITATION OF OLDER HOMES AND, AS NEEDED, CONSTRUCTION OF NEW HOMES FOR RENTAL, HOMEOWNERSHIP OR LEASE/PURCHASE. THE ORGANIZATION HAS STRONG PARTNERSHIPS WITH LOCAL MUNICIPALITIES TO PROVIDE LEAD HAZARD REDUCTION SERVICES WORK PERFORMED INCLUDES ALL MECHANICALS TO MEET CURRENT BUILDING CODE STANDARDS; UPDATING INTERIOR FINISHES; INTERIOR REDESIGNS; LEAD ABATEMENT; ENERGY EFFICIENT FURNACES/ APPLIANCES/ WINDOWS. IN TENDING TO INDIVIDUAL HOUSES AND FAMILIES, THE ORGANIZATION TAKES CARE OF SPECIFIC NEIGHBORHOODS IN THE CITY OF AKRON AND IN THE COUNTY OF SUMMIT. THE ORGANIZATION FURTHER FULFILLS ITS MISSION BY PARTNERING WITH OTHER GROUPS FOR FINANCIAL ASSISTANCE AND VOLUNTEER SUPPORT. THESE GROUPS INCLUDE THE CITY OF AKRON, COUNTY OF SUMM

Executive compensation

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2024

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

Executive Di
Median to 75th percentile
$61k
$66k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest 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

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at NAZARETH HOUSING DEVELOPMENT CORP equaled 11% of the organization's total expenses. The median for housing & shelter organizations is 7%.

This organization (2024)
11%
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.

Up 2%
from 2023

From $60k in 2023 to $61k in 2024.

$60k
2023
$61k
2024
In today's dollarsEst.
Down 1% in real terms$66k to $66k

Estimated with BLS CPI-U for the Midwest 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 rose 2% from 2023 to 2024, while revenue fell 26%.

$60k in 2023 to $61k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 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 NAZARETH HOUSING DEVELOPMENT CORP

What does the Chief Executive Officer of NAZARETH HOUSING DEVELOPMENT CORP earn?

In 2024, the Chief Executive Officer of NAZARETH HOUSING DEVELOPMENT CORP received $61,000 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among Housing & Shelter organizations in Ohio, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at NAZARETH HOUSING DEVELOPMENT CORP compare with similar nonprofits?

Compared with the same role at Housing & Shelter organizations in Ohio, the 2024 pay of the Chief Executive Officer at NAZARETH HOUSING DEVELOPMENT CORP falls between the median and the 75th percentile. In 2024, the highest total compensation at NAZARETH HOUSING DEVELOPMENT CORP equaled 11% of the organization's total expenses. The median for housing & shelter organizations is 7%.

What are NAZARETH HOUSING DEVELOPMENT CORP's revenue and expenses?

In 2024, NAZARETH HOUSING DEVELOPMENT CORP reported $376k in total revenue and $543k in total expenses on its IRS Form 990.

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