PROMOTE ECONOMIC DEVELOPMENT IN THE NORTH MEMPHIS COMMUNITY BY PROVIDING AFFORDABLE HOUSING
Executive compensation
Form 990 · Part VII & Schedule J · 2 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Housing & Shelter organizations in Tennessee.
| Position | Total |
|---|---|
Executive Director 75th to 90th percentile | $128k $140k |
Secretary Officer (Unspecified) | $25k $28k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 7 unpaid individuals.
Top pay as a share of expenses
In 2023, the highest total compensation at PROMISE DEVELOPMENT CORPORATION equaled 4% 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.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about PROMISE DEVELOPMENT CORPORATION
What does the Chief Executive Officer of PROMISE DEVELOPMENT CORPORATION earn?
In 2023, the Chief Executive Officer of PROMISE DEVELOPMENT CORPORATION received $128,247 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among Housing & Shelter organizations in Tennessee, though not the top 10% of comparable filings. Based on IRS Form 990 data.
How does Chief Executive Officer pay at PROMISE DEVELOPMENT CORPORATION compare with similar nonprofits?
Compared with the same role at Housing & Shelter organizations in Tennessee, the 2023 pay of the Chief Executive Officer at PROMISE DEVELOPMENT CORPORATION falls between the 75th and 90th percentiles. In 2023, the highest total compensation at PROMISE DEVELOPMENT CORPORATION equaled 4% of the organization's total expenses. The median for housing & shelter organizations is 7%.
What are PROMISE DEVELOPMENT CORPORATION's revenue and expenses?
In 2023, PROMISE DEVELOPMENT CORPORATION reported $3.5M in total revenue and $3.5M in total expenses on its IRS Form 990.
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