AS A WHOLLY-OWNED SUBSIDIARY OF NEIGHBORHOOD PROGRESS, INC. (NPI), NEW VILLAGE CORPORATION (NVC) DEVELOPS CATALYTIC REAL ESTATE PROJECTS IN JOINT VENTURES WITH COMMUNITY BASED 501(C)(3) DEVELOPMENT CORPORATIONS AND PRIVATE INVESTORS. NEW VILLAGE CORPORATION SUPPORTS PROJECTS THAT ARE EITHER TOO LARGE FOR A NON-PROFIT 501(C)(3) COMMUNITY DEVELOPMENT CORPORATION ("CDC") TO TAKE ON OR TOO RISKY FOR A PRIVATE DEVELOPER. NVC WORKS DIRECTLY WITH 501(C)(3) CDCS AND PRIVATE DEVELOPERS TO HELP SECURE RESOURCES THAT ASSIST IN HANDLING COMPLEX REAL ESTATE DEVELOPMENT PROJECTS. NVC PROVIDES TECHNICAL ASSISTANCE, INCLUDING ARRANGING PROJECT FINANCING. PROJECTS UNDERTAKEN FURTHER THE ORGANIZATION'S CHARITABLE PURPOSES BY COMBATING COMMUNITY DETERIORATION IN DISTRESSED COMMUNITIES.
Executive compensation
Form 990 · Part VII & Schedule J · 4 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations nationwide.
| Position | Total |
|---|---|
Chief Operations Officer Officer (Unspecified) | $20k $22k |
President Below 10th percentilevs Community Improvement & Capacity Building peers in Ohio | $16k $18k |
Vice Chairperson Board Vice Chair Median to 75th percentile | $16k $18k |
Sr. VP of Finance / CFO Below 10th percentile | $6k $6k |
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 7 unpaid individuals.
Browse compensation in Community Improvement & Capacity Building →
Top pay as a share of expenses
In 2023, the highest total compensation at NEW VILLAGE CORPORATION equaled 0.6% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.
Based on 10,247 community improvement & capacity building 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.
Up 70%
from 2022
From $12k in 2022 to $20k in 2023.
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 rose 158% from 2022 to 2023, while revenue fell 52%.
- Board Vice Chair pay rose 36% from 2022 to 2023.
- Chief Financial Officer pay rose 8705% from 2022 to 2023.
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 NEW VILLAGE CORPORATION
What does the Chief Executive Officer of NEW VILLAGE CORPORATION earn?
In 2023, the Chief Executive Officer of NEW VILLAGE CORPORATION received $16,217 in total compensation. This pay is in the bottom 10% for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in Ohio: at least 9 in 10 comparable filings report more. Based on IRS Form 990 data.
How does Chief Executive Officer pay at NEW VILLAGE CORPORATION compare with similar nonprofits?
Compared with the same role at Community Improvement & Capacity Building organizations in Ohio, the 2023 pay of the Chief Executive Officer at NEW VILLAGE CORPORATION falls in the bottom 10%. In 2023, the highest total compensation at NEW VILLAGE CORPORATION equaled 0.6% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.
What are NEW VILLAGE CORPORATION's revenue and expenses?
In 2023, NEW VILLAGE CORPORATION reported $3.5M in total revenue and $3.3M in total expenses on its IRS Form 990.
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