PROMOTE HOME OWNERSHIP & AFFORDABLE HOUSING TO ALLEVIATE NEIGHBORHOOD BLIGHT IN TARGETED LOW AND MODERATE INCOME ARES. WORK WITH LOW-INCOME INDIVIDUALS TO HELP THEM OBTAIN AND RETAIN HOME OWNERSHIP, FACILITATE HOMEOWNER REPAIR GRANTS AND TAX RETURN PREPARATION.
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 Michigan.
| Position | Total |
|---|---|
Executive Director Median to 75th percentile | $81k $87k |
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 6 unpaid individuals.
Top pay as a share of expenses
In 2024, the highest total compensation at NEW DEVELOPMENT CORPORATION equaled 13% 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.
Held steady
from 2023
From $81k in 2023 to $81k in 2024.
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.
Chief Executive Officer pay fell 1% from 2023 to 2024, while revenue rose 117%.
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 NEW DEVELOPMENT CORPORATION
What does the Chief Executive Officer of NEW DEVELOPMENT CORPORATION earn?
In 2024, the Chief Executive Officer of NEW DEVELOPMENT CORPORATION received $81,061 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among Housing & Shelter organizations in Michigan, within the top half of comparable filings. Based on IRS Form 990 data.
How does Chief Executive Officer pay at NEW DEVELOPMENT CORPORATION compare with similar nonprofits?
Compared with the same role at Housing & Shelter organizations in Michigan, the 2024 pay of the Chief Executive Officer at NEW DEVELOPMENT CORPORATION falls between the median and the 75th percentile. In 2024, the highest total compensation at NEW DEVELOPMENT CORPORATION equaled 13% of the organization's total expenses. The median for housing & shelter organizations is 7%.
What are NEW DEVELOPMENT CORPORATION's revenue and expenses?
In 2024, NEW DEVELOPMENT CORPORATION reported $725k in total revenue and $619k in total expenses on its IRS Form 990.
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