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PeerBasis
Compensation Comparability Determination

Appletree Housing Inc

Executive Director / CEO

EIN 232965144
PA · NTEE L20
FY ending 2025-06-30
June 9, 2026

This analysis benchmarks the total compensation of Thomas Ak Queenan, Executive Director / CEO ($10,357) against every comparable organization that fit the selection criteria — 140 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 16th percentile of comparable organizationsbelow the typical range for comparable organizations

Benchmarked executive: Thomas Ak Queenan — reported title “PRESIDENT & CEO”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

140 organizations qualified on sector, size, and geography 140 within the band form the benchmarked peer set.

Distribution of comparable compensation

$839 total compensation of comparable organizations → $303,177 $10,357
$7,41310th
$14,99125th
$23,860Median
$37,96075th
$68,99190th
$10,357This org · 16th
p10$7,413
p25$14,991
p50$23,860
p75$37,960
p90$68,991
$10,357

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 PA 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
Catalina Housing Foundation AZ$69,765 President & Ceo $8,192 $8,349 2023
Abilities At Morningside Ii Inc FL$69,616 President/ceo $38,173 $38,001 2023
Oakland Estates Apartments Inc IN$70,856 President & Ceo $52,409 $56,888 2024
Centennial Housing Inc MD$69,439 President $20,272 $20,084 2023
Escalante Meadows Development Company CA$69,334 Ceo $35,624 $31,663 2024
Credo Housing Development Inc CT$71,129 Executive Di $41,000 $39,569 2024
Cht Vision Inc NJ$71,144 Secretary/treasurer $10,604 $9,746 2024
Kalani Mala Inc HI$69,194 Vp/secretary $29,184 $26,894 2024
Schaadt Apartment Corporation IN$71,350 Ex-officio & Regional Ceo $63,183 $70,608 2023
Walden Place Inc MD$68,485 President $20,272 $20,084 2023
Banjo Lane Apartments Inc MD$71,923 President $12,607 $12,132 2024
Main-ferry Housing Development Fund NY$72,018 President $104,461 $97,160 2024
D&b Affordable Housing Inc NV$68,274 President, Treasurer, Dire $12,694 $13,097 2024
Westminsterwashingtonnmtc Inc MA$68,073 Board Member $4,648 $4,188 2025
Rural Community Improvement Corporation GA$68,048 President $3,071 $3,272 2023
Kirkland Homes Inc MD$72,561 President $20,272 $20,084 2023
Jamestown Affordable Housing Inc NY$72,808 President $18,993 $17,666 2024
Habitat For Humanity Of Jessamine KY$67,405 Director $38,100 $42,133 2024
Vesta Enteka Inc MD$73,017 President $21,417 $20,610 2024
Allies Homes Inc NJ$73,058 Chief Executive Officer $29,476 $27,089 2024
Newbridge Housing I Inc NJ$73,081 Ceo $4,464 $4,102 2024
721 East 6th Street Housing Development NY$73,334 Executive Director $2,057 $1,970 2023
Tsi Properties I Inc NY$73,522 Assist Secret(nonvoting)/ceo-tsiny $100,627 $96,358 2023
Abilities At Woodside Inc FL$73,554 President/ceo $38,173 $38,001 2023
Cedar Lake - Washburn Inc KY$66,746 President & Ceo (See Sch O) $11,133 $12,312 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to PA cost of living and 2025 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 PA 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 default16th
Total compensation (D + F), as reported (no adjustments)15th
Reportable pay only (column D), adjusted0th
All sources (D + E + F), adjusted72nd

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 (Thomas Ak Queenan) 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 140 similarly situated organizations (Same NTEE sector (L20), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $10,357 is reasonable (approximately the 16th 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.