THIS COMPANY HAS BEEN ORGANIZED EXCLUSIVELY, AS ITS SOLE PURPOSE, TO DEVELOP, ON A NOT-FOR-PROFIT BASIS, A 24-UNIT HOUSING PROJECT FOR PERSONS OF LOW INCOME WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH PERSONS.
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 New York.
| Position | Total |
|---|---|
President 25th percentile to median | $38k $41k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 4 unpaid individuals.
Top pay as a share of expenses
In 2024, the highest total compensation at NORFOLK HOUSING DEVELOPMENT FUND COMPANY INC equaled 20% 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 $38k in 2023 to $38k in 2024.
Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about NORFOLK HOUSING DEVELOPMENT FUND COMPANY INC
What does the Chief Executive Officer of NORFOLK HOUSING DEVELOPMENT FUND COMPANY INC earn?
In 2024, the Chief Executive Officer of NORFOLK HOUSING DEVELOPMENT FUND COMPANY INC received $38,102 in total compensation. This pay is below the median (the midpoint) for Chief Executive Officer roles among Housing & Shelter organizations in New York, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.
How does Chief Executive Officer pay at NORFOLK HOUSING DEVELOPMENT FUND COMPANY INC 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 NORFOLK HOUSING DEVELOPMENT FUND COMPANY INC falls between the 25th percentile and the median. In 2024, the highest total compensation at NORFOLK HOUSING DEVELOPMENT FUND COMPANY INC equaled 20% of the organization's total expenses. The median for housing & shelter organizations is 7%.
What are NORFOLK HOUSING DEVELOPMENT FUND COMPANY INC's revenue and expenses?
In 2024, NORFOLK HOUSING DEVELOPMENT FUND COMPANY INC reported $202k in total revenue and $190k in total expenses on its IRS Form 990.
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