Sequestration, Salary Cap Needed For Nonprofit Housing Developers

Sequestration, Salary Cap Needed For Nonprofit Housing Developers

By Lynda Carson - November 7, 2013

Oakland - As the massive automatic across-the-board sequestration budget cuts continue to devastate the poor in the Section 8 Housing Choice Voucher Program, greedy nonprofit developers are pushing for Rental Assistance Reform (RAR) legislation that would result in higher rents for the poor, the acceleration of the privatization of our public housing sites all across the nation, and the loss of Section 8 Housing Choice Vouchers for the poor.

The wealthy nonprofit developers want more Section 8 vouchers to be taken away from the poor so that they can be converted into project-based vouchers for their projects.

Meanwhile, as the massive sequestration budget cuts continue to harm the poor, the executives in the nonprofit so-called affordable housing industry continue to demand higher rents from the poor, at the same time they receive massive bonuses and increases in their salaries and wage compensation.

At this point, I am demanding a freeze in rent increases on the poor in all so-called affordable housing projects being operated by nonprofit and for profit so-called affordable housing developers.

I am also pushing for a salary cap of $125,000 in salaries and wage compensation for all the executives in the so-called affordable housing industry that have projects subsidized by local and federal tax dollars.

I am demanding that the executives immediately reduce, and freeze their salaries at the level of $125,000 annually.

I am asking for community support in demanding an end in rent increases on the poor in so-called affordable housing projects, and ask for community support in pushing for a salary cap of $125,000 for all executives in nonprofit and for profit housing organizations that have so-called affordable housing projects subsidized by local and federal tax dollars.

Click below for a list that includes some local nonprofit so-called affordable housing developers in the East Bay...

http://www.ebho.org/get-involved/membership/our-members

See the latest in salaries and wage compensation for some of the top executives from some local 501 c3 charity nonprofit housing corporations operating in Oakland, according to some of the latest 990 tax forms filed with the federal government that are available for public viewing.

EAH Inc.; In 2012, more than 11 executives at EAH Inc., earned well over $100,000 per year, including 2 people raking in well over $200,000 a year. Leading the pack, Mary Murtagh, President, was paid $298,850 in 2012. Laura Hall, Chief Operating Officer, was paid $208,286. Cathy Macy, CFO, was paid $186,709. Stephen Lucas, VP Acquisitions, was paid $182,991. Dianna Ingle, VP Re MGMT, was paid $163,324.

Affordable Housing Associates; In 2010, Susan Friedland, Executive Director of Affordable Housing Associates, was paid $133,731, but was payed $152,966 in 2012, a huge wage compensation increase of $19,235 during a period of massive budget cuts to the nation's housing programs during that same period.

Bridge Housing; In 2011, the top executive at Bridge Housing took in well over $300,000 that year, with 6 other top executives pulling in well over $200,000 annually, including an additional 6 other top executives raking in well over $155,000 that year. Leading the pack, Cynthia Parker took in $330,249 in compensation during 2011. Rebecca Hlebasko was paid $278,224. Kimberly A McKay was paid $255,665. Susan Johnson was paid $235,875. D Valentine was paid $235.840. Lydia Tan's compensation was listed at $224,474 for 2011 (Severance pay on 1/3/2011, of $118,244, and distribution of an additional $106,230). Brad Wiblin was paid $200,887. Ann Silverberg was paid $196,499.

Christian Church Homes: In 2011, Don Stump, President/CEO, was compensated $181,874. Cynthia Lappin, VP Operations & COO, was paid $157,295. Winthrop Marshall, VP Finance & CFO, was paid $151,687. Leilani Siegfried, VP Human Services, was paid $138,810. Geoffrey Morgan, VP Development, was paid $130,948. Sheryl Stella, Controller, was paid $123,832.

Eden Housing; In 2011, Linda Mandolini, Executive Director, was paid $188,834. Jan Peters, Chief Operating Officer, was paid $187,538. Terese Mcnamee, CFO, was paid $175,804.

Satellite Housing; In 2011, Ryan Chao, Executive Director, Satellite Housing was paid $175,321. Dori Kojima, was paid $105,179. Miriam Benavides was paid $100,093.

East Bay Asian Local Development Corporation; During 2011, Jeremy Liu, Executive Director, was paid $125,217. Peter Sopka, CFO, was paid $125,101. Mary Hennessy, COO, was paid $110,126. Carlos Castallenos, Director of Real Estate Development, was paid $103,329. Records also show that in 2009, former Executive Director of EBALDC, Lynette Jung Lee, earned as much $140,536 that year, including an additional $5,942 in other compensation. Joshua Simon is the current Executive Director, of EBALDC.

Resources for Community Development; In 2011, Dan Sawislak, Executive Director, of received a total compensation of $127,330.

Lynda Carson may be reached at; tenantsrule [at] yahoo.com