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PeerBasis
Compensation Comparability Determination

Park West Apartments Inc

Executive Director / CEO

EIN 043206608
MA · NTEE L200
FY ending 2023-12-31
June 9, 2026

This analysis benchmarks the total compensation of Ethan Ceplikas, Executive Director / CEO ($30,459) against every comparable organization that fit the selection criteria — 11 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 45th percentile of comparable organizationswithin the typical range

Benchmarked executive: Ethan Ceplikas — reported title “PRESIDENT/DIRECTOR UNTIL 12/18/23”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

11 organizations qualified on sector, size, and geography 11 within the band form the benchmarked peer set.

Distribution of comparable compensation

$4,640 total compensation of comparable organizations → $280,085 $30,459
$5,72510th
$9,33625th
$50,999Median
$75,70475th
$181,95990th
$30,459This org · 45th
p10$5,725
p25$9,336
p50$50,999
p75$75,704
p90$181,959
$30,459

Comparable organizations

Each figure is Form 990 Part VII columns D + F (reportable pay plus other compensation and benefits; column F may include amounts from related organizations), normalized to MA cost of living (BEA RPP, 2023) and to its filing year (CPI-U); the reported amount is on each linked 990.

OrganizationStateRevenueMatched titleComp
(reported)
Comp
(adjusted)
FY
Warrior Homesteads OH$9,094 Director $5,000 $5,725 2024
Menorah Terrace CA$8,968 President $7,252 $6,769 2024
Sherwood Inn Apartments Inc MT$10,360 President $11,352 $13,226 2024
Three Arts Club Housing Development Fund NY$11,317 Vice President $53,058 $53,354 2023
Shelter In The Storm Inc VA$7,130 Founding Dir $11,077 $11,902 2023
Crotona 1405 Boston Road Housing NY$7,086 Ceo $4,614 $4,640 2023
Special Housing And Homeownership Inc GA$6,721 President & Ceo $84,307 $94,333 2023
Centennial Falcon Properties Inc OH$6,650 President $244,651 $280,085 2024
The Joint Ownership Entity NY$12,161 Executive Director $186,295 $181,959 2024
Kings Highway Inc NJ$12,525 President $59,141 $57,075 2024
Campus Of Learners Foundation WA$13,557 Secretary/tr $52,700 $50,999 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to MA cost of living and 2023 dollars. Click any organization to verify the figure on ProPublica.

Methodology

Comparable organizations were drawn from electronically filed IRS Form 990 returns and matched on sector (NTEE code), budget (a size-adaptive revenue band that tightens as the organization grows), and geography (same-state first, broadening only when too few peers qualify); every organization within the band forms the peer set. To compare fairly across regions and years, peer compensation is normalized to MA cost of living (BEA Regional Price Parities, 2023) and to the subject's filing year (CPI-U). The figure benchmarked is Form 990 Part VII, Section A, columns D + F — reportable pay plus other compensation, benefits, and deferred amounts (column F may include amounts from related organizations) — with the chief executive matched by role. Related-organization amounts (column E) and institutional trustees are excluded. Full methodology: peerbasis.org/methodology.

Sample, role match & sensitivity

Sensitivity — the subject's percentile under alternative compensation definitions:

BasisSubject percentile
Total compensation (D + F), cost-of-living + inflation adjusted — the PeerBasis default45th
Total compensation (D + F), as reported (no adjustments)45th
Reportable pay only (column D), adjusted0th
All sources (D + E + F), adjusted36th

If the percentile moves materially across these definitions, the result is sensitive to methodology choices, and the board should weigh which basis best fits its facts.

Rebuttable presumption of reasonableness · 26 CFR 53.4958-6

Compensation paid by a tax-exempt organization is presumed reasonable — shifting the burden to the IRS — when three requirements are met. This report supplies the comparability data for the second. The board should record the following in its minutes concurrently with its decision:

Draft board minutes — executive compensation

  1. The compensation of the Executive Director / CEO (Ethan Ceplikas) was approved in advance by [the Board / Compensation Committee], composed of members with no conflict of interest with respect to the arrangement.
  2. Prior to its determination, the authorized body obtained and relied upon appropriate comparability data, namely the PeerBasis Compensation Comparability Determination dated June 9, 2026, comparing compensation against 11 similarly situated organizations (Same NTEE major group (L), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $30,459 is reasonable (approximately the 45th percentile of comparable organizations) and documented the basis for this determination concurrently, on [date], by a vote of [__ for / __ against].

Sources: IRS Form 990 e-file data (apps.irs.gov); IRS Business Master File (NTEE classification). Every figure traces to an original public filing — click any organization above to verify it on ProPublica. PeerBasis is a service of Prismind Analytics; its methodology is published, was commissioned for independent adversarial review, and discloses its own limitations. This report is comparability data to support a board's good-faith determination under IRC 4958; it is not legal or tax advice. Generated by PeerBasis on June 9, 2026.