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PeerBasis
Compensation Comparability Determination

Seddlemeyer Inc

Executive Director / CEO

EIN 352067590
IN · NTEE L20
FY ending 2024-06-30
June 9, 2026

This analysis benchmarks the total compensation of Thomas Minnich, Executive Director / CEO ($44,374) against every comparable organization that fit the selection criteria — 216 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 66th percentile of comparable organizationswithin the typical range

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

How comparable organizations were selected

216 organizations qualified on sector, size, and geography 216 within the band form the benchmarked peer set.

Distribution of comparable compensation

$382 total compensation of comparable organizations → $276,826 $44,374
$7,19510th
$16,85425th
$31,560Median
$53,18475th
$73,11690th
$44,374This org · 66th
p10$7,195
p25$16,854
p50$31,560
p75$53,184
p90$73,116
$44,374

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.

OrganizationStateRevenueMatched titleComp
(reported)
Comp
(adjusted)
FY
Hagerstown Neighborhood Development Partnership Inc MD$139,199 Past Executive Director $70,270 $64,138 2023
Asi Owatonna Inc MN$138,902 President/tr $68,006 $62,079 2025
East Portland Supportive Housing Inc OR$140,293 Finance Dir. $13,072 $11,511 2024
Asi Sioux Falls Inc MN$140,321 President/tr $68,006 $62,079 2025
Mott Rural Rental Housing Corp ND$138,275 President $3,600 $3,746 2024
Colorado Community Land Trust- CO$140,591 Ceo/executive Director (Term End 07/23) $6,457 $5,871 2024
Tumbleweed Housing Foundation CA$138,128 Ceo $61,000 $51,424 2023
The Beneficial Housing Foundation CA$141,196 Ceo/chairman $124,517 $101,958 2024
A & E Association Inc IL$137,280 Secretary/treasurer $12,317 $11,822 2023
Network Housing '92 Inc OH$141,557 Ceo (Exited 3.24.25) $30,598 $30,731 2024
Missing Middle Housing Fund OR$141,730 Ceo $85,000 $74,852 2024
Ocl Properties Xi Inc NY$141,772 Chief Financial Officer $73,290 $62,801 2024
Stamford Affordable Homes Inc CT$141,907 President $44,490 $38,536 2025
Ken-crest Housing Pa 2007 Inc PA$142,087 Ceo $29,531 $27,926 2024
Carbondale Supportive Housing Inc MN$142,529 President/tr $65,715 $63,393 2023
Hbhci Hud 7 Inc FL$135,759 Vice President $68,495 $59,444 2025
F W Residential Properties Inc IL$143,152 Chair $19,355 $17,579 2025
Hardin County Housing Development Inc OH$143,502 Maintenance Manager $43,051 $44,516 2023
Merrimack Housing Corporation MA$143,623 President (As Of 8/22/22) $2,702 $2,371 2023
Southeastern Ohio H E A R T Inc OH$143,800 President $24,000 $24,105 2024
Appleton Housing Corporation MA$143,893 President (As Of 8/22/22) $2,702 $2,371 2023
Peoples Organization For Strategic Excellence Pose Cdc Inc LA$134,543 Executive Director $45,000 $46,988 2024
Salishan Apartments Inc CA$144,446 Secretary/treasurer $37,437 $31,560 2023
Morris County Affordable Housing NJ$144,501 Director $4,736 $4,128 2023
Community Homebuyers Inc PA$134,011 Secretary/treasurer $28,234 $26,699 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to IN cost of living and 2024 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 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 default66th
Total compensation (D + F), as reported (no adjustments)65th
Reportable pay only (column D), adjusted0th
All sources (D + E + F), adjusted61st

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 Minnich) 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 216 similarly situated organizations (Same NTEE sector (L20), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $44,374 is reasonable (approximately the 66th 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.