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PeerBasis
Compensation Comparability Determination

Richardville Apartments Inc

Executive Director / CEO

EIN 050543940
IN · NTEE L22
FY ending 2024-06-30
June 9, 2026

This analysis benchmarks the total compensation of Charles Clark, Executive Director / CEO ($67,276) against every comparable organization that fit the selection criteria — 54 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 98th percentile of comparable organizationsabove the 90th percentile — board review recommended

How comparable organizations were selected

54 organizations qualified on sector, size, and geography 54 within the band form the benchmarked peer set.

Distribution of comparable compensation

$77 total compensation of comparable organizations → $102,754 $67,276
$4,11610th
$10,32825th
$20,558Median
$38,06675th
$61,53290th
$67,276This org · 98th
p10$4,116
p25$10,328
p50$20,558
p75$38,066
p90$61,532
$67,276

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 IN cost of living (BEA RPP, 2023) and to its filing year (CPI-U); the reported amount is on each linked 990.

OrganizationStateTotal revenueTotal compSource
The Village At Providence Point IncMD $99,216$27,565 990
Wren's Way IncOH $99,006$17,867 990
North Street Elderly Housing CorporationCT $98,650$14,781 990
Lss Housing Mill Road IncWI $98,272$40,290 990
Project Share Iv IncNY $101,194$62,250 990
Mjf Housing No 3 IncWI $101,244$20,761 990
Northland Lutheran Affordable Living ForMI $103,048$22,838 990
Tau Crossing Housing Corporation IiWI $95,454$8,232 990
Elim Senior Housing IncOH $95,392$24,360 990
Booth Manor-columbus IncIN $105,877$30,645 990
Mckee Street Apartments IncMO $93,336$12,622 990
Senior Homes Of ColoradoCO $92,951$66,028 990
Mohn Street Accessible HousingincPA $92,206$34,871 990
Vesta Pelden IncMD $107,327$18,987 990
Nassau Senior Housing DevelopmentNY $107,794$9,999 990
Faith Residence Apartments IncMN $91,636$20,054 990
Bethany IncMI $108,731$1,468 990
Manor Care Of Tacoma Wa AssociationOH $90,124$14,073 990
Egida Del Policia IncPR $109,598$15,443 990
Arc Apartments IncNY $88,907$61,434 990
Oak View Apartments IncMN $111,623$29,567 990
Jones Manor On The SoundNY $83,605$10,586 990
Abilities At San Juan Ii IncFL $83,482$35,010 990
Ltc Ii IncIN $117,897$59,914 990
Thi-13 IncIL $118,252$29,955 990

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 IN 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 default98th
Total compensation (D + F), as reported (no adjustments)89th
Reportable pay only (column D), adjusted0th
All sources (D + E + F), adjusted74th

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 (Charles Clark) 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 54 similarly situated organizations (Same NTEE sector (L22), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $67,276 is reasonable (approximately the 98th 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). 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.